global economy

Washington, April 10 – Rising geopolitical tensions are beginning to reshape economic expectations, with the World Bank’s president, Ajay Banga, warning that prolonged conflict could dampen growth, fuel inflation, and strain vulnerable economies.Speaking at the Atlantic Council, World Bank...

Washington, April 9 IMF Managing Director Kristalina Georgieva on Thursday urged central banks grappling with the impact of the US-Israel war on Iran to fight inflation even at the cost of growth, arguing that "pain is an unavoidable consequence of any conflict".In her address at the IMF...

New Delhi, April 9 India has consistently demonstrated remarkable resilience during global crises, not only surviving them but also transforming through the turbulence to emerge stronger, said Shaktikanta Das, Principal Secretary to the Prime Minister, on Thursday.Addressing the AIMA National...

Washington, April 9 The International Monetary Fund, the World Bank, and the World Food Programme have said that the war in the Middle East has triggered one of the largest disruptions to global energy markets and will inevitably lead to rising food prices and food insecurity.In a joint...

Islamabad, April 8 Leaders from around the world, including Australia, Germany, Britain, New Zealand, and Malaysia, welcomed a two-week ceasefire between the US and Iran on Wednesday.The US and Iran agreed on a conditional two-week ceasefire that included the opening of the Strait of Hormuz...

Singapore, April 7 A Singapore minister said on Tuesday that the current global instability stems from the world's transition from the "old world order" to a "new world order" that has yet to emerge.Foreign Minister Vivian Balakrishnan also called for accelerating intra-regional trade...

April 07, New Delhi: The UN Security Council is scheduled to vote on Tuesday on a revised resolution addressing Iran's threats to the Strait of Hormuz.Iran has effectively blockaded the critical waterway since the United States and Israel launched the war, sending ripples throughout the global...

New Delhi, April 6 Finance Minister Nirmala Sitharaman said on Monday that India has fiscal space to support sectors affected by the escalating West Asia crisis, while the Reserve Bank has room to cut interest rates to deal with global challenges.The Monetary Policy Committee, headed by the...

Citing ongoing disruptions in petroleum supplies due to the conflict in West Asia, the Nepali government has decided to implement a two-day weekend for government offices and educational institutions. Under this new arrangement, public holidays will now be observed on Saturdays and Sundays for...

Raipur, April 4 External Affairs Minister S Jaishankar said on Saturday that India has emerged strongly from recent global shocks, likely referring to the ongoing military conflict in West Asia.Addressing the 15th convocation ceremony at the Indian Institute of Management Raipur, Jaishankar...

New Delhi, April 4 – India has demonstrated resilience in navigating recent global shocks, External Affairs Minister S. Jaishankar said on Saturday, referring to the ongoing conflict in West Asia and its wider economic repercussions.In his address at the convocation ceremony of IIM Raipur, EAM...

April 03, New Delhi – The increase in oil prices is having a significant impact on global financial markets, with crude oil futures rising by over 60 percent since the start of the Iran war.At the same time, stock markets around the world have declined. In the United States, the S&P 500 has...

Jammu, April 2 National Conference President Farooq Abdullah on Thursday appealed to the Centre to actively engage the international community in halting the ongoing conflict in West Asia, warning that inaction could push the world closer to an economic abyss."If the current conflict is left...

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...