remittances

Mumbai, March 10 An escalating conflict in West Asia could pose downside risks to India's economic growth outlook if the conflict persists, according to a report by ICRA.The rating agency said it expects India's real GDP growth to be around 7.1 per cent in FY2027, slightly lower than the 7.6...

New Delhi, March 9 Congress president Mallikarjun Kharge wrote to Rajya Sabha Chairman C P Radhakrishnan on Monday, reiterating his request for an immediate short-duration discussion on India's energy security amid the Israel-Iran war.In his letter, Kharge said, "I am grateful to you for...

Islamabad, March 9 According to a report on Monday, Pakistan has approached Saudi Arabia with a series of requests for long-term economic support, including converting existing short-term deposits of USD 5 billion into a 10-year long-term facility, as well as requests to enhance the deferred...

New Delhi, March 9 Fitch Ratings said on Monday that the Iran conflict could pose additional challenges for some emerging market sovereigns in areas such as energy imports, remittances, and exchange rates.On February 28, the US and Israel launched military strikes on Iran, who retaliated with...

Thiruvananthapuram, March 7 – Leader of the Opposition in the Lok Sabha, Rahul Gandhi, accused Prime Minister Narendra Modi on Saturday of "succumbing to pressure" from former US President Donald Trump, alleging that recent commitments made to the United States had compromised India's farmers...

New Delhi, March 5 Swift and global banks are launching a new system to make international payments faster and cheaper for small businesses and consumers, starting with major global markets.The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the world's leading provider...

Mumbai, March 4 The conflict in the Middle East poses some immediate challenges for the Indian economy, but it is unlikely to significantly impact long-term economic growth, according to an external member of the RBI's rate-setting panel.Moving forward, there is a need for coordinated fiscal...

Thiruvananthapuram, March 4 Amid rising tensions between Iran and Gulf nations, Kerala BJP President Rajeev Chandrasekhar accused the ruling Left and the Opposition Congress of ignoring the concerns of Keralite expatriates in GCC countries in order to pursue what he described as "appeasement...

Mumbai, March 2 India's current account deficit (CAD) rose to USD 13.2 billion, or 1.3 per cent of GDP, in the December quarter from USD 11.3 billion in the year-ago period, mainly due to a higher trade deficit caused by a decline in exports to the US, according to RBI data released on Monday...

Kathmandu, March 2 – The Embassy of Nepal in the United Arab Emirates (UAE) confirmed on Monday that a young man from Nepal’s western Gorkha district was killed during a drone interception operation at Zayed International Airport in Abu Dhabi amid the ongoing US-Iran conflict.The security...

Rising tensions in the Middle East, following attacks by the US and Israel on Iran, are expected to disrupt trade flows, increase freight and insurance costs, delay cargo shipments, and drive up global oil prices, thereby increasing India's import bill, according to experts.While India's trade...

New Delhi, February 23 – While the Pakistani government claims that the country's economy has been revived from the brink and is now stable, the harsh reality is that poverty has reached an 11-year high of 29 percent, and income inequality is at levels not seen in nearly three decades, according...

New Delhi, February 14 Congress leader Jairam Ramesh called for reducing the time and cost of domestic remittances on Saturday, stating that they help the economies of several eastern and northern states, including Uttar Pradesh.In a post on X, he noted that while remittances from abroad to...