Washington, April 8 (IANS) India’s economy is projected to grow 7.6 per cent in FY2025/26 before moderating to 6.6 per cent the following year, anchoring South Asia even as regional growth slows to 6.3 per cent in 2026, the World Bank said on Wednesday. The latest South Asia Economic Update said India remains the primary engine of regional expansion, with its growth underpinned by strong domestic demand, trade reforms, and new agreements, including a free trade pact with the European Union….
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Washington, April 8 (IANS) The World Bank on Wednesday said India is expected to clock a 7.6 per cent GDP growth in the financial year 2025-26, while it has raised the country’s growth forecast for 2026-27 to 6.6 per cent from 6.3 per cent earlier.The World Bank Group, in its twice-a-year regional outlook report, stated that “the growth outlook is driven primarily by India’s performance, underpinned by robust domestic demand as well as tariff cuts and recent trade agreements, including the f…
Mumbai, April 7 (IANS) In a bid to modernise governance and strengthen disaster management, the Maharashtra Cabinet chaired by Chief Minister Devendra Fadnavis on Tuesday approved two major initiatives: the establishment of the Maharashtra Geotechnology Application Centre (MahaGeoTech) and the implementation of the Maharashtra Resilience Development Programme. To accelerate administrative efficiency using cutting-edge technology, the government has cleared the deck for the formation of MahaGeoTe…
Mumbai, April 7 (IANS) In a major step towards achieving the ‘Viksit Maharashtra’ objective within the ‘Viskit India 2047’ vision, the Maharashtra Cabinet, chaired by Chief Minister Devendra Fadnavis on Tuesday gave approval for the establishment of a new independent department for Electronics, Information Technology, and Artificial Intelligence.The Directorate of Information Technology will be transformed into the Directorate of Electronics, IT, and AI. A new IT Cadre, comprising permanent posi…
New Delhi, April 6 (IANS) The International Monetary Fund (IMF) has asked Pakistan to eliminate, at the earliest, distortions in the pricing of petroleum products due to the subsidy extended by the federal government to consumers amid the surge in global prices triggered by the Iran war, local media reports said on Monday.A senior government official has confirmed that the IMF remains concerned about existing distortions, particularly in diesel pricing, and is pushing for their early removal, th…
Islamabad, April 6 (IANS) Protests and rallies were held in Karachi, Jacobabad, Hyderabad, Sukkur and several other parts of Pakistan’s Sindh province against the recent increase in petroleum prices and rising inflation, local media reported on Monday. The Sindh United Party (SUP) in Sukkur held a protest outside the local press club on Sunday. A large number of party workers participated in the protests wearing shrouds (kafans) and observed a hunger strike, Pakistan’s leading daily Dawn reporte…
New Delhi, April 4 (IANS) The National Agriculture Higher Education Project (NAHEP) launched by ICAR and the World Bank has raised graduate placement rates and expanded practical training and industry links, a new report has said.The report from the World Bank said graduate placement rates for agricultural degree courses in India rose from 41 per cent to 67 per cent between 2018 and 2023, supported by over 800 formal agreements with companies for internships and placements.About 27 per cent of a…
New Delhi, April 1 (IANS) Pakistan’s economy bears significantly greater risks associated with the ongoing Middle East crisis, as the impact on the general public is considerably higher than on those nations which do not have to meet strict IMF conditions due to loans taken from the multilateral institution, according to an article in the local media.During the past three decades, Pakistan has been administered by the military and civilian governments represented by all three major national pa…
Kathmandu, March 31 (IANS) India emerged as the largest bilateral donor to Nepal in fiscal year 2024–25, which ended in mid-July 2025, with the southern neighbour disbursing US$107.8 million, according to a government report. According to the Development Cooperation Report 2024–25 released by the country’s Finance Ministry, the United Kingdom came second with disbursements of US$84.2 million, while USAID ranked third with US$67.1 million.Japan provided US$58.3 million, and Switzerland disb…
New Delhi, March 31 (IANS) Assurances made in 2019 by PPP Co-chairperson Bilawal Bhutto-Zardari and Sindh Chief Minister Murad Ali Shah that 100 per cent of the royalties generated by the Thar Coal project would be dedicated to the development of Tharparkar district in Sindh remain unfulfilled, a report in the Karachi-based Business Recorder publication has highlighted.Between 2023 and 2025, the provincial government collected an estimated Rs 50 billion (Pakistani rupee) in royalties from coal e…