global economy

Hyderabad, March 30 – The Telangana Legislative Assembly unanimously passed a resolution on Monday, urging the Centre to take the initiative to stop the war in the Middle East.The resolution warns that if the war between the US, Israel, and Iran continues, this could lead to a third World War...

Amaravati, March 27 Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday welcomed the Union government's decision to cut excise duty on petrol and diesel, calling it a strong move focused on the people.The government reduced excise duty on petrol and diesel by ₹10 per litre, preventing...

Paris, March 26 External Affairs Minister S Jaishankar highlighted the urgency of UNSC reforms, streamlining peacekeeping operations, and strengthening humanitarian supply chains at the G7 Foreign Ministers’ Meeting in France on Thursday.Jaishankar spoke at the meeting in France with partners...

New Delhi, March 24 Prime Minister Narendra Modi spoke to Sri Lanka President Anura Kumara Dissanayake on Tuesday and discussed the evolving situation in West Asia, with particular focus on disruptions affecting global energy security.After his telephone conversation with the Sri Lankan...

Mumbai, March 24 The rupee fell by 23 paise to close at 93.76 against the US dollar on Tuesday as a stronger dollar against major currencies and high global crude prices spooked investors.Further outflows of foreign funds amid uncertainty over the West Asia crisis also weighed on the local...

Seoul, March 24 – South Korean President Lee Jae Myung spoke by phone with New Zealand Prime Minister Christopher Luxon on Tuesday, and they discussed the current situation in the Middle East, Cheong Wa Dae said.The two leaders discussed the impact of the ongoing US-Israeli war against Iran on...

New Delhi, March 23 External Affairs Minister S Jaishankar spoke with US Secretary of State Marco Rubio on Monday to discuss the impact of the West Asia conflict on the global economy, with a particular focus on energy security.The Jaishankar-Rubio phone conversation came hours after US...

Washington, March 24 – India's External Affairs Minister S. Jaishankar and U.S. Secretary of State Marco Rubio spoke by phone on Monday about the West Asia crisis. They discussed its impact on the global economy and energy supplies. Both agreed to continue working together."Had a detailed...

New Delhi, March 23 External Affairs Minister S Jaishankar spoke with US Secretary of State Marco Rubio on Monday, focusing on the consequences of the Middle East conflict on the global economy.The Jaishankar-Rubio phone conversation came hours after US President Donald Trump extended...

March 23, New Delhi: Prime Minister Narendra Modi, addressing the Lok Sabha amidst the ongoing West Asia conflict, stated that the situation arising from the war is likely to have long-term effects. He urged citizens to remain calm and united during this period of crisis.PM Modi called on...

Washington, March 22: India’s economic momentum is facing a fresh challenge as the ongoing US-Israeli conflict with Iran disrupts its deep-rooted ties with the Gulf, a key pillar of trade, energy supplies, and remittances, according to a report in The New York Times.Just weeks ago, India...

Srinagar, March 20 National Conference president Farooq Abdullah said on Friday that the war between Iran and the US-Israel coalition needs to come to an end quickly, as it could have massive repercussions for the global economy."This (war) will have severe consequences not only for the Indian...

Washington, March 19 – Japanese Prime Minister Sanae Takaichi told President Donald Trump on Thursday that she believed he alone could deliver peace in a world facing a severe security crisis, as the two leaders met at the White House against the backdrop of tensions in the Middle East and...

New Delhi, March 19 The global trade growth is expected to slow down to 1.9 per cent this year amid the West Asia crisis, the WTO said on Wednesday.WTO economists warn that the ongoing conflict in West Asia could further reduce trade growth if energy prices remain elevated, it said.It would...

March 17, New Delhi: Commerce Minister Piyush Goyal stated that the Indian economy remains strong despite the ongoing crisis in the Middle East.Responding to a supplementary question in the Lok Sabha, the minister said there is growing enthusiasm worldwide to strengthen trade relations with...

Beijing, March 16 China called on all sides to immediately halt military operations in West Asia on Monday, in response to US President Donald Trump's call for other countries, including Beijing, to help keep the Strait of Hormuz open for international transport.The effective closure of the...

New Delhi, March 13 As the West Asia crisis intensifies, India is facilitating discussions among the BRICS member nations to develop a common approach on the Iran-US conflict, authoritative sources said on Friday.The issue was also discussed in the phone conversation between External Affairs...

March 13, New Delhi – Philippine Trade Secretary Cristina Roque highlighted on Friday that the conflict in West Asia demonstrates the deep interconnectedness of the global economy, with geopolitical tensions causing immediate economic shocks.Speaking at an ASEAN economic ministers' meeting in...

March 10, New Delhi – The head of the International Energy Agency (IEA), Fatih Birol, also participated in the meeting of G7 Finance Ministers concerning the global economic situation and the conflict in West Asia.Speaking about the IEA's assessment of the global oil market conditions, the IEA...

Johannesburg, March 10 India has a significant role to play in reshaping the post-World War II world order, which is on the verge of collapse, South African Deputy Minister of Trade and Industry Zuko Godlimpi told a gathering of business leaders, academics, and policymakers in Pretoria on...