Islamabad: Cash-strapped Pakistan's trade deficit ballooned to $3.34 billion in September, marking a nearly 46 per cent increase from last year, official data showed, as imports surged and exports shrank, increasing pressure on the country's fragile external sector and threatening currency stability. The deficit, up...
Mumbai: Benchmark indices Sensex and Nifty ended higher for the second day in a row Friday, propelled by buying in metal stocks and a rally in global markets. The 30-share BSE Sensex climbed 223.86 points, or 0.28 per cent, to settle at 81,207.17. During the...
New Delhi: Finance Minister Nirmala Sitharaman Friday said the world is facing "profound imbalances" in trade and energy security, and is undergoing a structural transformation, with India standing out as a 'stabilising force' that can withstand external shocks. Sitharaman said geopolitical conflicts are intensifying, and...
Moscow: Russian President Vladimir Putin has ordered to devise measures, including buying more agricultural products and medicines from India, to soften the trade imbalance with India due to heavy crude import by New Delhi. Putin's announcement comes weeks ahead of his visit to India in...
New Delhi: Private banks, including HDFC Bank and ICICI Bank, have informed that they will start same-day cheque clearance from October 4, following the Reserve Bank of India's (RBI) updated settlement framework for quicker and more secure payments. Cheques deposited from October 4 will be...
Moscow: Russian President Vladimir Putin expressed his anticipation for his upcoming visit to India in early December and has ordered the government to devise measures to soften the trade imbalance with India due to the heavy import of crude by New Delhi. Speaking at the...
Washington: President Donald Trump has seized on the government shutdown as an opportunity to reshape the federal workforce and punish detractors, by threatening mass firings of workers and suggesting “irreversible” cuts to programmes important to Democrats. Rather than simply furlough employees, as is usually done...
New Delhi: Prime Minister Narendra Modi Wednesday released a special postage stamp and a commemorative coin, which features the first-ever depiction of Bharat Mata on Indian currency, to mark the centenary celebrations of Rashtriya Swayamsevak Sangh (RSS). The Rs 100 coin features the national emblem...
Mumbai: The Reserve Bank Wednesday revised upward its growth estimates for the current fiscal year to 6.8 per cent and lowered its inflation projection to 2.6 per cent based on an above-normal monsoon and the rationalisation of GST rates. In August, the Reserve Bank of...
Mumbai: In a bid to promote the use of domestic currency for cross-border settlements, the Reserve Bank Wednesday announced a slew of measures, including allowing banks to lend in Indian Rupees to non-residents from Bhutan, Nepal and Sri Lanka for bilateral trade. Observing that India...
On yet another 6 December, one feels obliged to write about the most seminal movement in modern India and one...
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Andhra Pradesh seems to have decided that the safest way to navigate the future is to stop time itself, at...
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Tensions between the US and Venezuela have reached a seemingly critical level over what the US administration ostensibly calls its...
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Despite the newfound bonhomie between China and India in the wake of US President Donald Trump’s tariff war, China is...
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