remittances

Tel Aviv, April 11: Pakistan's push for de-escalation during the West Asia conflict is not just "abstract peace-making," but is rooted in the country's economic vulnerability to energy shocks. The rapid increase in fuel prices demonstrates how quickly external conflict can translate into...

Mumbai, April 10 The conflict in West Asia may impact India's remittance flow, as one-third of the inflows from the diaspora come from Gulf Cooperation Council countries, according to Crisil Ratings on Friday.The current account deficit can be adversely affected due to a reduction in the...

Karachi, April 9 The Pakistan Stock Exchange (PSX) on Thursday experienced a stable trading day after recording its highest single-day gain of over 14,000 points (+9 per cent) in its history the previous day, amid the US and Iran ceasefire announcement.The benchmark KSE-100 index remained...

Mumbai, April 8 The relative attractiveness of India as an investment destination is likely to improve this year due to various factors, such as strong macroeconomic fundamentals and attractive valuations, Reserve Bank Deputy Governor Poonam Gupta said on Wednesday.The Reserve Bank of India...

Mumbai, April 7 Amid the ongoing conflict in West Asia, a consultancy firm on Tuesday urged banks to shift their exposure away from vulnerable small businesses and retail borrowers who may face the impact of layoffs.Banks need to convert early warning signals into decisive action, EY said in a...

A 40-year-old expatriate, Roy George, is eager to vote in the upcoming Assembly elections after a nearly 10-year absence, having returned to Kerala from the UK a few months ago to care for his ailing mother.Born and raised in Changanassery in Kottayam district, Roy expressed concerns about his...

New Delhi, April 3 – Syed Akbaruddin, India's former Permanent Representative to the United Nations, stated that the country's foreign policy increasingly reflects the aspirations of its young population and the everyday concerns of ordinary citizens. While India is important to the world, the...

New Delhi, April 2 Senior Congress leader Anand Sharma hailed India's handling of the West Asia crisis as "mature and skillful" on Thursday, saying it has helped the country avoid "potential pitfalls."He also urged India to take the lead in mobilizing countries in the Global South and...

Islamabad, April 2 – As Pakistan claims to be a potential mediator between the United States and Iran during the ongoing conflict in West Asia, a report has highlighted that Islamabad has consistently sought to turn crises into opportunities for relevance, projecting itself as useful to all...

New Delhi, March 28 – Chief Economic Advisor V. Anantha Nageswaran said on Saturday that, given the considerable impact of the West Asia conflict on India’s economy, the country should leverage the fallout to redouble its recent reform efforts to enhance India’s competitiveness and preparedness...

New Delhi, March 28 The near-term outlook remains uncertain, with external shocks, particularly the West Asia crisis, posing downside risks to growth through elevated input costs and potential supply disruptions, the Finance Ministry said in a report on Saturday.However, the report said...

Dhaka, March 27 – Although geographically distant, the ongoing conflict in the Middle East has a direct impact on villages in Bangladesh, where millions of families depend on relatives working in the Gulf region. This has turned regional unrest into a household anxiety, according to a report...

Islamabad, March 24 – If the war in Iran does not end quickly, it could deliver the most devastating shock to Pakistan's economy in living memory, according to a report. Pakistan remains particularly vulnerable to the evolving fallout of the war, and its economy faces several challenges...

New Delhi, March 24 – The decision to enter another IMF funding arrangement has been a subject of ongoing debate in Pakistan, as the country has already turned to the multilateral lending institution as many as 24 times for bailout packages to address its macroeconomic vulnerabilities...

New Delhi, March 24 CPI(M) MP John Brittas on Tuesday cited the 2003 unanimous resolution of Parliament, under then Prime Minister Atal Bihari Vajpayee, condemning the Iraq war, to urge the government to move a similar motion on the Iran conflict.Speaking in the Rajya Sabha during zero hour...

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...

New Delhi, March 20 The LDF government in Kerala relies on remittances, lotteries, and liquor, a model that will no longer work, Congress leader Shashi Tharoor has said, asserting that the UDF has plenty of new ideas for Kerala 2.0.In an interview with

New Delhi, March 20 The LDF government in Kerala relies heavily on remittances, lotteries, and liquor, a model that will no longer work, Congress leader Shashi Tharoor has said, as he advocates for the UDF, which has been out of power in the state for a decade.In an interview with

New Delhi: The ongoing conflict in West Asia, particularly the rising escalation involving the US, Israel, and Iran, has drawn in the Gulf states and created one of the most volatile environments in recent decades. For India, whose economic and strategic interests are deeply tied to West Asia...

Chennai, March 12 South Indian Bank, a private sector bank in South India, has launched Employee Provident Fund payment services through its internet banking platform, SIBerNet, in collaboration with the EPFO, a top official said on Thursday.The integration with the Employees' Provident Fund...