New Delhi, July 10 (IANS) Pakistan’s economic growth is expected to slow in the current fiscal year as higher energy costs and pressure on foreign remittances weigh on the economy, the Asian Development Bank (ADB) said in its latest outlook, according to a report.A report published in Dawn said that the lender has revised down Pakistan’s GDP growth forecast for FY27 to 3.7 per cent from the 4.5 per cent projected in April, according to the Asian Development Outlook (ADO).The ADB cautioned that t…
Latest West Asia conflict News & Updates
New Delhi, July 9 (IANS) India Inc’s revenue growth accelerated to 11–11.5 per cent year‑on‑year in the Q1 FY27, marking the fastest pace in two years, a new report has said.Strong domestic demand and price hikes offset the impact of higher input costs triggered by the West Asia conflict, helping corporates to maintain strong growth rate, the report from ratings agency Crisil Ratings.Even as supply disruptions in West Asia pushed up fuel, freight, packaging and feedstock costs, the resil…
New Delhi, July 1 (IANS) Electric passenger vehicle registrations in India nearly doubled in April-June quarter (Q1 FY27), rising nearly 90 per cent year-on-year to 82,737 units as consumers increasingly opted for battery-powered vehicles, according to Vahan registration data.Registrations increased from 43,710 units in the corresponding quarter last year, with industry executives attributing the surge to improved ownership economics for electric vehicles amid elevated fuel prices during the Wes…
New Delhi, June 30 (IANS) Prime Minister Narendra Modi on Tuesday evening spoke with Iranian President Masoud Pezeshkian, welcoming the recent understanding reached to end the West Asia conflict. During their conversation, Pezeshkian briefed PM Modi on the recent developments in the region and the way forward. Prime Minister Modi welcomed the understanding reached and reiterated the need for continued efforts for lasting peace and stability while reiterating India’s consistent position that all …
New Delhi, June 8 (IANS) The overall stock position of fertilisers in the country to meet the requirement of farmers in the current kharif season is comfortable despite the supply chain disruptions due to the West Asia conflict, according to an update provided by the Ministry of Fertilisers on Monday.”For Kharif 2026, the fertiliser requirement has been reassessed at 383.9 lakh metric tonnes (LMT). Against this, the stock, as on today, is around 197.56 LMT, which is more than 51 per cent of the …
New Delhi, June 6 (IANS) Prime Minister Narendra Modi on Saturday chaired a meeting of the Economic Advisory Council to the Prime Minister (EAC-PM), discussing measures to sustain India’s growth momentum, strengthen economic resilience and navigate emerging global challenges amid the West Asia conflict, officials said on Saturday.The meeting focused on strategies to further accelerate economic growth, at a time when major economies across the world continue to face geopolitical uncertainties, …
New Delhi, June 6 (IANS) India’s GDP growth is expected to moderate in FY 2027 at 6.6 per cent after a stronger‑than‑expected 7.7 per cent expansion in fiscal 2026, a report has said.The report from Crisil Ratings said that a sharp rise in crude prices, a below‑normal monsoon and higher inflation will weigh on consumption and growth.”Growth outperformed expectations in fiscal 2026 due to fiscal support to private consumption, rate cuts by the Reserve Bank of India, healthy global growth,…
New Delhi, 1 June (IANS) Indian Railways maintained freight growth momentum in the first two months of FY 2026–27, loading 145 million tonnes of freight up to May 2026. This marked an increase of 1.3 per cent over the same period last year, despite challenges arising from the West Asia conflict, which impacted logistics and supply chains, according to an official statement issued on Monday. The growth was led by strong performance in iron ore, steel, fertilisers, and the Balance Other Goods se…
New Delhi, May 30 (IANS) India’s macroeconomic position in the month of May reflects cautious resilience over strong services exports, adequate foreign exchange reserves and a stable labour market, Finance Ministry said in its ‘Monthly Economic Review’ on Saturday.However, the confluence of elevated global energy prices, a depreciating rupee, rising upstream cost pressures and the prospect of a below-normal monsoon calls for sustained policy vigilance, the Economic Review said. “Navigating FY2…
Bhubaneswar, May 21 (IANS) In view of the fuel crisis triggered by the conflict in West Asia, Chief Minister Mohan Charan Majhi on Thursday issued eight directives to significantly reduce the use of petrol and diesel in government offices across the state. According to the Chief Minister’s Office (CMO), CM Majhi also directed Chief Secretary Anu Garg to take appropriate measures to reduce the use of petrol and diesel across government departments.Majhi directed the authorities to ensure the co…