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New Delhi: The Airports Economic Regulatory Authority (AERA) of India has ordered a 25 per cent cut in landing and parking charges at major airports across the country to airlines to help them tide over the financial crisis arising out of the West Asia crisis. This move came after the government asked for temporary support to airlines hit by rising costs linked to the Iran conflict. IndiGo and Air India has raised the issue of reduced charges, Reuters reported. The reduced charges will only be ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A new report claims crypto tokenization is a structural overhaul of market plumbing, not just an efficiency tweak. The International Monetary Fund (IMF) released a new report with fresh warnings related to crypto tokenization. Shifting Wall Street's trading rails onto blockchain-based systems could speed up financial crises beyond regulators' capacity to react, even as the techno ...Read More >
New Delhi (ABC Live): Iran is using the Strait of Hormuz as a weapon of war because it is the narrow point where geography, oil, shipping, diplomacy, and inflation meet. As ABC Live noted in its earlier explainer on whether the Iran war could trigger a wider global conflict, this war is no longer just about missiles and military strikes. It is also about economic pressure, energy routes, and the costs that can be imposed on the wider world. The Strait of Hormuz remains one of the world's most i ...Read More >
Hyderabad: The Telangana Assembly adopted a unanimous resolution requesting the Union government to take initiative to end the West Asia crisis. The Iran-America war was creating an economic crisis by halting fuels and LPG supply, the resolution said. Introducing the resolution in the House, Deputy Chief Minister Bhatti Vikramarka Mallu said: "We all know that crude oil (petrol, diesel, gas) significantly influences the economic conditions of every country. Due to the impact of this war on crud ...Read More >
Shimla (Himachal Pradesh) [India], February 16 (ANI): In a development that underscored the widening rift between Raj Bhavan and the Himachal government, Governor Shiv Pratap Shukla on Monday declined to read the customary full Governor's Address on the opening day of the Budget Session of the HP Assembly. Addressing the House briefly, Governor Shukla said, "I don't think I should read it," while specifically pointing out that the prepared address contained "comments on constitutional instituti ...Read More >
New Delhi: Bankrupt Pakistan is currently facing a severe financial crisis, and on top of that, the country is now grappling with another challenge. Tomato prices in Pakistan have surged to unprecedented levels. According to the reports, in most major cities, including Lahore and Karachi, tomatoes are now selling at a record Rs 700 per kilogram. Just a few weeks ago, tomatoes were being sold at Rs 100 per kilogram. This major spike in the price of tomato has made life difficult for the common p ...Read More >
New Delhi, Oct 3 (SocialNews.XYZ) Despite global turbulence caused by trade friction and geopolitical shocks, India has been able to stand out as a rare anchor of stability in a volatile world, RBI Governor Sanjay Malhotra said on Friday. In his address at the fourth Kautilya Economic Conclave here, Malhotra said policy continuity, institutional resilience and reform momentum have enabled India to avoid major financial crises and remain among the fastest-growing large economies, with inflation ...Read More >
New Delhi, Sep 26 (PTI) The ties between India and Sri Lanka have reached a point of "unprecedented excellence" since President Anura Kumara Dissanayake's visit to India and Prime Minister Narendra Modi's visit to Sri Lanka, the island nation's envoy Mahishini Colonne said on Friday. Interacting with PTI Videos on the sidelines of an event here, she said Sri Lanka is on the "path of recovery", the economy has been stabilised, and necessary structural reforms have been brought in to sustain it. ...Read More >
Hyderabad: Around 2,000 private colleges across Telangana have announced an indefinite closure from Monday, coinciding with Engineer's Day, which they said will be observed as a "Black Day." This decision was revealed by the Federation of Associations of Telangana Higher Educational Institutions on Friday in protest against the state govt's failure to release Rs 1,200 crore in pending fee reimbursement dues, despite budgetary allocation and repeated requests.As many as 1,000 degree and PG colleg ...Read More >
Gita Gopinath believes dollar dominance will likely continue. She cites the strength of American institutions and financial markets. During her IMF tenure, dollar dominance was a key research area. She highlights the asymmetry in global currency usage. The dollar's role impacts how economies respond to shocks. Gopinath emphasizes the importance of strong institutions for maintaining the dollar's status. Gita Gopinath, former IMF Chief Economist and Deputy Managing Director, now back again at Ha ...Read More >
Sri Lankan MP Harish Silva urged lawmakers not to mock India over its trade dispute with the US, recalling that India had helped Sri Lanka in its time of need. Sri Lankan parliamentarian Harish Silva has urged fellow lawmakers to be respectful towards India amid its ongoing tensions with Washington over US tariff rates. Speaking during a debate on the impact of US tariffs, Silva said, "Let's not talk about the US tariffs here. Don't laugh at India. Don't mock them when they are down because wh ...Read More >
NEW DELHI: The Unique Identification Authority of India has urged parents to update the Aadhaar biometrics of children between five and seven years."Timely completion of mandatory biometric update is an essential requirement for maintaining the accuracy and reliability of biometric data of children. If the MBU is not completed even after seven years of age, the Aadhaar number may be deactivated, as per the existing rules," the agency said in a statement.This is required to ensure seamless access ...Read More >
New Delhi: Describing former prime minister PV Narasimha Rao as a remarkable intellectual and visionary with a reformist zeal, Andhra Pradesh Chief Minister Nara Chandrababu Naidu on Tuesday said that PV transformed India's future, and everyone today was enjoying fruits of his far-reaching economic reforms. Delivering the lecture on "The Life and Legacy of PV Narasimha Rao" at the Prime Minister's Museum and Library here, Naidu recalled his warm and respectful relationship with PV Narasimha Rao ...Read More >
Naidu made the comment while speaking at a lecture on "The Life and Legacy of former PM Shri PV Narasimha Rao" in Delhi. (Image: PTI) Amid renewed debates on Hindi promotion in non-Hindi-speaking states, Andhra Pradesh Chief Minister N Chandrababu Naidu has come out in defence of learning the language. Speaking at a lecture in New Delhi on "The Life and Legacy of former PM Shri PV Narasimha Rao," Naidu invoked Rao's multilingual prowess to emphasise the value of linguistic diversity and nationa ...Read More >
New Delhi, July 15 (SocialNews.XYZ) Himachal Pradesh Chief Minister Sukhvinder Sukhu on Tuesday met the 16th Finance Commission Chairperson Arvind Panagariya here and sought cooperation for strengthening the financial condition of the state. CM Sukhu said Himachal Pradesh has been following the path of fiscal prudence and is one of the best performing states in the country on various parameters, including Sustainable Development Goals. The Chief Minister urged the commission to support the sta ...Read More >
Kolkata: A day after DGCA ordered checks on fuel control switches of Boeing aircraft based on a Special Airworthiness Information Bulletin (SAIB) NM-18-33 issued by US regulator Federal Aviation Authority in Dec 17, 2018, an Airworthiness Directive (AD) issued by FAA on Sept 19, 2015, on fuel shutoff valves has come to light.This AD, which required mandatory compliance, was flagged again a month later by UK Civil Aviation Authority (CAA), which issued a safety notice requiring airlines to check ...Read More >
VIJAYAWADA: Chief Minister Nara Chandrababu Naidu has called upon the youth to enter politics, saying, "Politicians shape policy. Youth must participate in politics to shape the future of the nation." Naidu delivered a lecture on "The Life and Legacy of PV Narasimha Rao Garu" at the Prime Minister Museum and Library, Teen Murti Marg, New Delhi. He paid rich tributes to the former PM, praising his intellectual prowess, the reformist zeal, and his profound contributions to the nation's political ...Read More >
NEW DELHI: India's presidency of the Brics grouping next year will focus on building resilience and using innovation for sustainability while simultaneously giving priority to the issues of the Global South, Prime Minister Narendra Modi said at the Brics Summit in Rio de Janeiro on Monday. Addressing a session of the summit devoted to the environment and global health, Modi said India will adopt a people-centric approach to redefine Brics and widen the agenda of the grouping, just as it had don ...Read More >
Tamil Nadu: A young doctor pursuing a postgraduate medical degree was found dead inside his car near the hill town of Kodaikanal in Tamil Nadu. The officials stated that they have recovered a suicide note and suspicious fluids from his car, suggesting that the deceased had allegedly committed suicide. The officials further stated that while the exact reason behind Dr Joshua Samraj's death is not known yet, he was reportedly going through a financial crisis for the past few months. ...Read More >
Mumbai, June 03, 2025: DSP Mutual Fund announced the launch of two new index funds, DSP Nifty IT Index Fund and DSP Nifty Healthcare Index Fund. These funds aim to provide investors with a strategic way to participate in sectors known for their resilience compared to broader equity markets. Defensive sectors such as Information Technology (IT) and Healthcare have historically exhibited low beta relative to the broader equity market, meaning they are less affected by market downturns, economic c ...Read More >
New Delhi, Jan 31 (UNI) India today flagged its concerns over the Maldives-China FTA and added that New Delhi "would obviously need to take that into account" while framing its own policies. Ministry of External Affairs spokesperson Randhir Jaiswal said at a briefing: "We remain in close touch with Maldivian authorities on the situation facing them. "Recent agreements that are likely to result in revenue loss for the Maldives Government are, obviously, a matter of concern and do not bode well ...Read More >
Health Minister Dr. Shane Reti announced encouraging progress in Health New Zealand's (Health NZ) financial recovery, highlighting a significant reduction in its projected deficit for 2024/25. The improvement follows extensive efforts to address what Dr. Reti describes as a financial crisis inherited from the previous Labour-led government. Health NZ's revised budget for 2024/25 now forecasts a deficit of $1.1 billion, a significant reduction from the projected $1.76 billion deficit before the ...Read More >
The history of reform episodes, recently reviewed by the IMF, shows that the pace of reform efforts has more than halved since the global financial crisis of 2008-09 It is pertinent that structural reforms come into focus following economic crises, be they local or global. It is no different this time. With a series of crises in the backdrop, starting with a pandemic, then war and sanctions, more armed conflicts, and much else that continue, structural reforms have become critical for enhancing ...Read More >
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