NEW DELHI: Shaktikanta Das, principal secretary to PM, on Thursday said that the West Asia crisis highlighted the importance of energy security and self-reliance, while asserting that India is seen as a “safe anchor” as it offers stability, predictability and prospects of long-term growth amid global uncertainty. “Even with all the turbulence around the world,…
NEW DELHI: Indian companies should secure additional funding and strengthen supply chains, while govt should consider emergency financing for MSMEs and tax reforms to mitigate impact of the ongoing West Asia conflict, according to a Ficci report. “The ongoing disruption in West Asia carries far-reaching implications for import-dependent economies, such as India, with likely impact…
The commerce ministry on Thursday held consultations with exporters to address disruptions in shipping, port operations and packaging arising from the ongoing West Asia crisis, PTI reported.Commerce Secretary Rajesh Agrawal chaired two meetings attended by Shipping Secretary Vijay Kumar, export promotion councils (EPCs), commodity boards, shipping lines, ports and exporters.Officials said the discussions focused on…
IMF chief Kristalina Georgieva on Thursday urged central banks to prioritise tackling inflation even at the cost of growth, warning that the global fallout of the US-Israel war on Iran will inevitably bring economic “pain”, PTI reported.“A word of caution upfront: this being a classic negative supply shock, demand adjustment is unavoidable. We cannot go…
The US economy grew at a sluggish 0.5% annual pace in the October–December quarter, lower than earlier estimates, as a prolonged government shutdown weighed on activity, AP reported.The Commerce Department revised down its estimate of fourth-quarter GDP growth from 0.7% to 0.5%, marking a sharp slowdown from 4.4% growth in the July–September period and 3.8%…
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US stock markets opened muted on Thursday while crude oil prices surged toward $100 per barrel, as doubts over the durability of the US-Iran ceasefire dampened investor sentiment, AP reported.The S&P 500 slipped 0.1%, while the Dow Jones Industrial Average fell 40 points, or 0.1%, and the Nasdaq Composite declined 0.2% in early trade after…
Applications for unemployment benefits in the US rose last week but remained within a stable range, indicating resilience in the labour market despite global economic uncertainties, AP reported.Initial jobless claims increased by 16,000 to 2,19,000 for the week ending April 4, up from 2,03,000 in the previous week and higher than analysts’ expectations of 2,10,000,…
Individuals should effectively apply tie breaker rules in case of possible dual residency under applicable tax treaty provisions. (AI image) In today’s globalised world, the ability to live in one country and work in another country for an employer in the third country is becoming a norm rather than an exception. Professionals are increasingly building…