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New Delhi: A protracted conflict in the Middle East could push Bangladesh's inflation higher, widen the current‑account deficit, weaker exports, lower remittances and reduce fiscal space as energy subsidies rise, a new report has said. The latest Bangladesh Development Update projects growth to slow to 3.9 per cent in FY26, World Bank said. Bangladesh's economy also faces rising poverty, persistent inflation, stressed banking sector, weak revenue mobilization, and subdued private investment, c ...Read More >
Countering the points raised by Vijayan's letter to him earlier in the day, Revanth Reddy dashed off a reply, raising questions over Kerala's claims on poverty eradication and governance. "You tweeted that by late 2025, Kerala is set to become the first state to completely eradicate extreme poverty. We are in April 2026. In your letter, you speak of 64,006 families still receiving micro-plans. I ask plainly: has extreme poverty been eradicated? Was the November 1, 2025 declaration independently ...Read More >
Srinagar, Apr 8: National Conference president and former Chief Minister, Dr Farooq Abdullah, today welcomed the ceasefire between the United States and Iran, saying that war is not a solution and warned that a prolonged conflict could have pushed the world towards a deeper global crisis. Click here to watch video Speaking to reporters here, the National Conference chief said dialogue remained the only viable path to peace, "war is not the solution to anything". "I would like to thank God tha ...Read More >
MUMBAI: Amid a fragile truce in West Asia, Reserve Bank of India Governor Sanjay Malhotra has said the central bank does not expect any immediate disruption to remittance flows due to the Iran war, and indicated that post-war reconstruction demand could, in fact, support inflows. "We are not anticipating a dent to remittances if the crisis is going to be resolved very soon," Malhotra said when asked about the potential impact of the conflict. West Asia, led by the six GCC countries, remains the ...Read More >
NEW DELHI, April 8 (Reuters) - South Asia's growth is expected to slow to 6.3% in 2026 from 7.0% in 2025 as the conflict in the Middle-East and disruptions in global energy markets weigh on the import-dependent region, the World Bank said on Wednesday. In its latest South Asia Economic Update, the bank said growth should recover to 6.9% in 2027, while the region would remain the fastest growing among emerging market and developing economies. The World Bank said the outlook was highly uncertain ...Read More >
India will lead South Asia's economic growth. The World Bank forecasts India's economy to expand by 7.6% in FY26. The region's overall growth is expected to slow initially but recover. However, global uncertainties and energy market disruptions pose risks. Countries need reforms to sustain growth and create jobs. Other South Asian nations show varied growth projections. World Bank expects India to remain the primary engine of growth in South Asia, projecting the economy to expand 7.6% in FY26, ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A viral footage from 2018 has resurfaced online, showing CEO Brad Garlinghouse boldly declaring that Ripple was taking over SWIFT (Society for Worldwide Interbank Financial Telecommunications). At the time, the crypto payments company was still in its early growth phase, aggressively positioning itself as a faster and more cost-effective alternative to SWIFT. Today, Ripple has evo ...Read More >
New Delhi, April 8 (UNI) The Reserve Bank of India (RBI) Governor, Sanjay Malhotra, announced on Wednesday that the Monetary Policy Committee (MPC) has unanimously decided to keep the repo rate unchanged at 5.25%. Speaking about GDP numbers, the Governor said, "As per the new GDP series comes into play, the real GDP growth for last year is estimated at 7.6%. In terms of quarterly GDP growth projection, the growth for Q1 is projected at 6.8%, Q2 at 6.7%, Q3 at 7% and Q4 at 7.2%." In terms of in ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said India's merchandise exports contracted by 0.2 per cent in the first two months of the year, while imports recorded a sharp growth of more than 22 per cent, largely driven by higher gold imports, resulting in a widening trade deficit. Speaking during the monetary policy announcement, the Governor highlighted that the decline in exports was due to a contraction in key global markets ...Read More >
The Reserve Bank of India forecasts a slowdown in India's GDP growth to 6.9% due to the West Asia crisis and global supply chain disruptions, impacting commodity prices and export routes. Photograph: Anushree Fadnavis/Reuters Key Points RBI projects India's GDP growth at 6.9% for the current financial year, lower than the previous estimate. Disruptions in key shipping routes due to the West Asia crisis are expected to adversely impact merchandise exports. Sustained momentum in the services sect ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said India's merchandise exports contracted by 0.2 per cent in the first two months of the year, while imports recorded a sharp growth of more than 22 per cent, largely driven by higher gold imports, resulting in a widening trade deficit. Speaking during the monetary policy announcement, the Governor highlighted that the decline in exports was due to a contraction in key global markets ...Read More >
New Delhi, April 8: The Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 5.25 per cent, and maintaining the status quo in its latest Monetary Policy Committee (MPC) meeting. The Standing Deposit Facility (SDF) rate has been kept unchanged at 5 per cent, while the Marginal Standing Facility (MSF) rate remains at 5.50 per cent, RBI Governor Sanjay Malhotra said while announcing the MPC decision. The RBI Governor described 2025 as a challenging year, but noted that inflatio ...Read More >
New Delhi, April 8 (SocialNews.XYZ) The Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 5.25 per cent, and maintaining the status quo in its latest Monetary Policy Committee (MPC) meeting. The Standing Deposit Facility (SDF) rate has been kept unchanged at 5 per cent, while the Marginal Standing Facility (MSF) rate remains at 5.50 per cent, RBI Governor Sanjay Malhotra said while announcing the MPC decision. The RBI Governor described 2025 as a challenging year, but no ...Read More >
New Delhi [India], April 7 (ANI): The Reserve Bank of India (RBI) is likely to maintain a status quo on interest rates in its upcoming policy, even as geopolitical risks rise, with GDP growth expected to face a potential impact of 0.5 to 1 per cent, said Ranen Banerjee, Partner and Economic Advisory Leader at PwC India. Also Read | Usman Khawaja Spots Lionel Messi Lookalike in Pakistan (Watch Video). Speaking to ANI ahead of the policy announcement, Banerjee said that monetary policy action ma ...Read More >
HYDERABAD: Chief Minister A Revanth Reddy has hit back at his Kerala counterpart Pinarayi Vijayan after the latter's criticism of the performance of the Congress government in Telangana. Revanth, in a statement on Monday, said: "Kerala is struggling with brain drain, industrial stagnation and a welfare model increasingly dependent on Gulf remittances. It deserves a better government than the one that held power for 10 years and has run out of new answers. The people of Kerala deserve the Congre ...Read More >
Hyderabad (Telangana) [India], April 7 (ANI): Telangana Chief Minister Revanth Reddy on Tuesday responded to Keralam Chief Minister Pinarayi Vijayan's remarks on his earlier "dark era" comment about Keralam, intensifying the political exchange between the two leaders. In a six-page letter, Reddy criticised Vijayan for relying on data from the 2023-24 NITI Aayog SDG Index, stating that the figures predate the current Congress government in Telangana and do not reflect its recent progress. "A qu ...Read More >
Hyderabad: Chief Minister A. Revanth Reddy on Monday strongly countered remarks made by his Kerala counterpart, Pinarayi Vijayan, challenging a direct, fact-based debate on the comparative performance of Telangana and Kerala. Responding to Vijayan's recent posts on X claiming Kerala's superior performance across several sectors, Revanth Reddy said he would be in Thiruvananthapuram on Tuesday and invited the veteran leader for an open discussion. The Chief Minister said Vijayan's assertions wer ...Read More >
Hyderabad, Apr 6 (PTI) The political standoff between Telangana Chief Minister A Revanth Reddy and his Kerala counterpart Pinarayi Vijayan escalated on Monday with the former rebutting Vijayan's criticism over development and welfare. In a "point-by-point" response to Vijayan's criticism against his remarks during the election campaign in Kerala, Reddy said virtually every statistic cited by the Kerala CM is from the NITI Aayog SDG Index 2023-24, which makes the data already outdated. "Owing t ...Read More >
New Delhi: Moody's Ratings has lowered India's GDP growth forecast for FY27 to 6 per cent from 6.8 per cent earlier, citing the economic fallout of the ongoing West Asia conflict. In its latest credit opinion, Moody's warned that prolonged disruptions, especially in liquefied petroleum gas (LPG) supplies, could trigger household shortages, raise fuel and transport costs, and spill over into food inflation due to India's dependence on imported fertilisers. The region accounts for nearly 55 per ...Read More >
From grounded 'vote flights' to a massive dip in returning NRIs, the 2026 election is becoming a battle of who can best manage a global crisis from a local seat As Kerala prepares for a high-stakes single-phase assembly election on April 9, the shadow of the West Asia conflict is looming large over the ballot box. For a state where the "Gulf connection" is the literal lifeblood of the economy, the current instability in the Gulf is doing more than just denting remittances -- it is actively resh ...Read More >
Former Union Minister and Congress leader Anand Sharma on Thursday (April 2, 2026) appreciated India's diplomatic and skilful handling of the West Asia crisis and urged it to be the leader of the Global South in de-escalating the hostilities in the region. In a statement, Mr. Sharma said the international community could not remain a "mute spectator" to the collapse of the rules-based multilateral order and global crisis-management mechanisms. "Indian diplomatic handling of the crisis has been ...Read More >
New Delhi, April 2: Senior Congress leader Anand Sharma on Thursday hailed India's diplomatic handling of the West Asia crisis as "mature and skilful", saying it has helped the country avoid "potential minefields". He also urged India to take the lead in mobilising the Global South and strategic-partner countries to collectively work towards the restoration of peace and order in the region. Lauding the efforts taken so far by New Delhi, Sharma said, "Indian diplomatic handling of the crisis ha ...Read More >
New Delhi: The new Income-tax Act and budgetary provisions, including higher STT on speculative F&O trades, lower TCS on overseas tour packages and liberalised remittance scheme for medical and education purposes, will get into force from April 1. A 20-year tax holiday for any foreign company that procures data centre services in India and new safe harbour provisions with a higher threshold for software firms will also be effective from Wednesday with the start of the 2026-27 fiscal. The Incom ...Read More >
Mumbai (PTI): Equity benchmark indices Sensex and Nifty declined 2 per cent in early trade on Thursday amid rising geopolitical tensions following US President Donald Trump's warning of intensified military actions against Iran, driving crude oil prices higher. Unabated foreign fund outflows also added to the weakness in domestic equities. The 30-share BSE Sensex plummeted by 1,433.72 points, or 1.96 per cent, to 71,700.60. The 50-share NSE Nifty dived 445.70 points, or 1.97 per cent, to 22,23 ...Read More >
Mumbai, Apr 2 (PTI) The rupee recovered 151 paise from its record low level to trade at 93.19 against the US dollar in early deals on Thursday, backed by the Reserve Bank's move to restrict banks' net open position in the onshore forward delivery market. The domestic unit, however, faced pressure due to unabated withdrawal of foreign capital, strengthening dollar and rising crude oil prices amid volatile geopolitical situation, forex analysts said. At the interbank foreign exchange, the rupee ...Read More >
Hyderabad: Chief Minister A. Revanth Reddy on Wednesday accused Kerala Chief Minister Pinarayi Vijayan and the ruling Left Democratic Front (LDF) of having a "secret understanding" with the BJP. He termed the relationship between the BJP and LDF as a "fevicol bond" and said voting for the LDF was "equivalent to voting for the BJP." Campaigning as a star campaigner for the Congress in multiple constituencies, including Nemom, Revanth Reddy said only the defeat of Vijayan would usher in better da ...Read More >
New Delhi [India], April 1 (ANI): The credit profile of Indian companies remained resilient in 2025-26 despite a challenging global environment marked by tariff-related disruptions and heightened geopolitical tensions, according to a report by ICRA. The report noted that timely policy interventions by the Government of India, aimed at supporting domestic consumption and sustaining infrastructure investment, helped anchor credit quality and mitigate external headwinds during the year. It stated ...Read More >
New Delhi, April 1 (SocialNews.XYZ) India's digital payments ecosystem saw a strong comeback in March 2026, with the Unified Payments Interface (UPI) registering its highest-ever monthly transaction volume since its launch in 2016, according to data released by the National Payments Corporation of India on Wednesday. UPI processed 22.64 billion transactions in March, marking a sharp rise from 20.39 billion transactions recorded in February. The March figure also surpassed the previous high of 2 ...Read More >
New Delhi: The new Income-tax Act and budgetary provisions, including higher STT on speculative F&O trades, lower TCS on overseas tour packages and liberalised remittance scheme for medical and education purposes, will get into force from April 1. A 20-year tax holiday for any foreign company that procures data centre services in India and new safe harbour provisions with a higher threshold for software firms will also be effective from Wednesday with the start of the 2026-27 fiscal. The Incom ...Read More >
NEW DELHI: India's tax landscape shifts gears on Tuesday. The Income-tax Act, 2025, which replaces the Income-tax Act, 1961, comes into force from April 1, 2026, alongside a clutch of budgetary measures that will be felt by traders, tourists, technology firms and ordinary taxpayers alike. The new Act is not a reinvention of tax policy so much as a tidying up of it. Gone is the unwieldy distinction between the assessment year and the previous year; in its place comes a single "tax year" framewor ...Read More >
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