United Nations, April 23 (IANS) “The Security Council will carry more weight if it will represent more the world of today than the world of 1945”, Rebeca Grynspan Mayufis, who is in the race to become the next secretary-general said, making the case for reforming it.Answering questions on Wednesday from diplomats and civil society representatives at a candidate’s forum, she acknowledged the diversity of views on how the Council should be reformed.“You will have to look for a convergence …
Latest UNCTAD News & Updates
United Nations, April 2 (IANS) Strikes across Iran hit civilian infrastructure, compounding relief needs as Middle East aid workers struggle with access constraints, UN humanitarians said.The UN Office for the Coordination of Humanitarian Affairs (OCHA) said the airstrikes in Iran have severely affected essential services. Iran’s Ministry of Health reported that 309 health facilities and 42 ambulances have been damaged, with seven hospitals evacuated since the attacks began on February 28.OCHA a…
New Delhi, Jan 30 (IANS) India’s foreign exchange reserves increased by $8.053 billion in the week ended January 23 — reaching an all-time high of $709.413 billion, according to data released by the Reserve Bank of India (RBI) on Friday.The previous all-time high for the country’s foreign exchange reserves was $704.89 billion, registered in September 2024.According to the RBI data, the value of Foreign Currency Assets (FCA), the largest component of the reserves, increased by $2.367 billion t…
New Delhi, Jan 29 (IANS) Economic Survey 2025-26 provides a strong foundation for policy reforms to accelerate export growth, improve logistics efficiency, lower input costs, expand market access and deepen India’s role in global value chains, the Federation of Indian Export Organisations (FIEO) said on Thursday.The industry body welcomed the Survey, saying it highlighted the decisive role of the external sector — exports, imports and services — as a cornerstone of stability, growth and glob…
New Delhi, Jan 29 (IANS) India remains the world’s largest recipient of remittances, with inflows reaching $135.4 billion in FY25, supporting stability in the external account, the Economic Survey 2025-26 said on Thursday.The share of remittances from advanced economies increased, reflecting a growing contribution from skilled and professional workers, said the Survey tabled by Finance Minister Nirmala Sitharaman in Parliament.A unified effort to reduce manufacturing costs is required for enha…
United Nations, Jan 22 (IANS) Foreign Direct Investment (FDI) in India surged by 73 per cent last year, bringing in $47 billion, according to UNCTAD.The increase was “mainly due to large investments in services — including finance, IT (information technology), and R&D (Research and Development) — as well as manufacturing, supported by policies aimed at integrating India into global supply chains”, the UN trade agency said in a report released on Tuesday.India’s FDI growth rate was am…