Bengaluru, June 14 (IANS) Union Finance Minister Nirmala Sitharaman on Sunday said that while Congress leader Rahul Gandhi was repeatedly criticising the country’s economic performance, “on the contrary, quarter after quarter, year after year India has been the fastest growing economy”. Addressing the Bharatiya Janata Party’s (BJP) ‘Viksit Bharat’ event here, Union Minister Sitharaman noted that it is not the Central government, which is claiming that India is the fastest-growing economy, but th…
Latest West Asia News & Updates
Mumbai, June 14 (IANS) The Indian stock market is likely to remain driven by global cues in the coming week, with investors closely watching the US Federal Reserve’s policy meeting, developments surrounding a potential US-Iran peace agreement and trends in crude oil prices.Benchmark indices ended the previous week on a positive note, breaking a two-week losing streak amid improving investor sentiment.The Nifty gained 1.10 per cent to close at 23,622.90, while the Sensex rose 1.73 per cent to set…
New Delhi, June 13 (IANS) India’s external sector has become significantly more resilient and the country’s macroeconomic fundamentals are now better placed to withstand global shocks, according to Chief Economic Advisor (CEA) V. Anantha Nageswaran.Speaking at NDTV Ignite Summit, Nageswaran said the risks facing the external sector have eased considerably, adding that the Reserve Bank of India (RBI) is unlikely to face pressure to draw down its foreign exchange reserves to manage the rupee.On th…
New Delhi, June 13 (IANS) India’s External Affairs Minister (EAM) S. Jaishankar spoke to the US Secretary of State Marco Rubio and lodged a strong diplomatic protest with the United States after the latter’s Navy strike on an oil tanker in the Gulf of Oman killed three Indian seafarers. The EAM while speaking to his US counterpart Rubio on Friday evening also added that “such lethal actions against commercial shipping are ‘not justified'”.In a post on social media platform X, EAM Jaishankar wrot…
Helsinki, June 12 (IANS) External Affairs Minister(EAM) S Jaishankar has expressed hope that the US-Iran negotiations would yield an early breakthrough, noting that the continuing conflict is creating challenges and leaving much of the world in the position of a “frustrated observer.” Speaking during a panel discussion at the Kultaranta Talks with his Finnish counterpart Elina Valtonen and UAE’s Assistant Foreign Minister Lana Nusseibeh on “Emerging Powers and the New Geopolitical Competition,” …
New Delhi, June 12 (IANS) Economists on Friday said while a build-up in price pressures is being watched closely against the backdrop of the ongoing West Asia conflict, India’s inflation is at still below the mid-range of the 2-6 per cent target, and thereby less of an immediate policy concern.India’s retail inflation stood at 3.93 per cent in May, remaining below the Reserve Bank of India’s medium-term target of 4 per cent, according to provisional data released by the Ministry of Statistics …
New Delhi, June 12 (IANS) The Central government informed the Supreme Court on Friday that a policy is being discussed for private students of CBSE outside India whose results could not be declared due to the West Asia conflict. Solicitor General Tushar Mehta urged the Supreme Court to put off the hearing till June 22, as the government is currently looking into some of the questions raised in the petition filed by students living in the Gulf.He said that a policy will soon be introduced for pri…
New Delhi, June 12 (IANS) The Ministry of External Affairs (MEA) on Friday summoned US Charge d’Affaires Jason Meeks to lodge India’s strong protest against the continuing attacks by US naval forces on commercial vessels carrying Indian seafarers in the Gulf of Oman, stressing that Washington’s actions are “unacceptable and undermine the safety, security and stability of international maritime commerce” in a sensitive region. “A strong protest was lodged with him regarding the continuing attacks…
New Delhi, June 12 (IANS) India’s retail inflation stood at 3.93 per cent in May, remaining below the Reserve Bank of India’s medium-term target of 4 per cent, according to provisional data released by the Ministry of Statistics and Programme Implementation on Friday.However, it slightly inches up from 3.48 per cent recorded in previous month (April). The inflation data cannot be compared with the corresponding period last year due to the rebasing of the CPI basket, which now uses 2024 as the ba…
Tehran, June 12 (IANS) Iran on Friday condemned the US attacks on commercial vessels with Indian crew members, which resulted in the death of three Indian nationals, terming the incidents as “clear evidence of America’s ongoing policy of armed robbery and state piracy”. Iranian Foreign Ministry spokesperson Esmail Baqaei offered condolences to the families of the deceased Indian sailors and urged the international community to hold the US accountable for its “lawless conduct”.”The brutal US atta…