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Since the outbreak of the Iran conflict, India’s forex reserves have declined by nearly $38 billion, marking the steepest drop among regional economies. India has among the world’s largest foreign exchange reserves, and they are still robust enough to defend the rupee from its free fall during the ongoing depreciation phase due to the Middle…
India may have enough fuel in its tanks for now but rising global crude prices combined with unchanged domestic rates are pointing towards a pressing question: How likely are petrol and diesel price hikes?The government has repeatedly assured citizens that there is no fuel shortage or rationing plan despite global energy market disruptions caused by…
MEA spokesperson Randhir Jaiswal during a press briefing, in New Delhi NEW DELHI: The Ministry of External Affairs (MEA) on Tuesday said China should reflect on whether its attempts to shield Pakistan’s terrorist infrastructure impact its “reputation and standing.”MEA spokesperson Randhir Jaiswal made the remarks during a weekly briefing in New Delhi, where he was…
India’s retail inflation rose to a more than one-year high of 3.48 per cent in April from 3.40 per cent in March, driven mainly by higher food prices, according to data released by ministry of statistics & programme implementation on Monday. Food inflation, measured by the Consumer Food Price Index (CFPI), also accelerated to 4.20…
India’s jewellery industry urges against curbing gold purchases, emphasizing its cultural significance as savings and tradition. Instead, they propose enhanced gold recycling and domestic mobilization to ease foreign exchange pressure. This approach aims to protect millions of livelihoods tied to the sector, from artisans to small businesses, by circulating existing gold rather than stifling demand….
Dr. Shrikant Jichkar is remembered as one of the most extraordinary educated figures in modern Indian history. He is widely described as the “most qualified person in India” and is also recognised for this by the Limca Book of Records for his exceptional academic range. His life was not defined by a single profession but…
As rupee continues to breach multiple record lows, pressure on India’s balance of payments is growing. To protect foreign exchange reserves and help stabilise trade balance, Prime Minister Narendra Modi has urged people to cut down on gold purchases.But if not buying new gold, could household gold be turned into working capital instead?PM Modi’s call…
Mysore Palace is a monument that represents heritage luxury, characterised by luxurious and sophisticated tastes associated with royal living. All aspects of the monument including arches, domes, courtyards, and interior designs contribute to creating an ambiance of elegant sophistication. The Mysore Palace is not only a monument but one that epitomises grandeur and artistry. The…
Ongoing turmoil in the Middle East has raised concerns about global economic growth. For India, however, the outlook appears optimistic, with SBI expecting a stable growth path through FY26 and FY27 despite a difficult global backdrop. The State Bank of India (SBI) Research report pegs real GDP growth at around 7.2% in the fourth quarter…
Prolonged tensions in the Middle East are expected to keep crude oil prices elevated well into the coming years, according to Asian Development Bank Chief Economist Albert Park, who warned that the fallout could weigh on India’s growth and push up inflation.“With a higher oil price expectation, we actually have it as USD 96 per…
