Mumbai: I wanted to run the 1,500 metres for India,” said Anil Kumar, after completing a test to ascertain his skills at building a scaffolding, a structure used in construction…
Category: Economy
After Chairman’s sudden exit, RBI backs HDFC Bank, says no governance concerns
A day after HDFC Bank’s Chairman Atanu Chakraborty resigned, the Reserve Bank of India on Thursday said it held no concerns on the “conduct or governance” at India’s largest private…
Explainer | Why India is pushing to cut remittance costs at WTO—and what it means
India joined several developing countries to advocate for a global framework to lower cross-border remittance costs ahead of the World Trade Organisation’s 14th ministerial conference (MC14), marking a focus on…
Oil surges 4% as Iran-Qatar energy hubs hit, fears of wider supply shock rise
Crude oil prices surged over 4% on Thursday morning after fresh attacks on key energy infrastructure in West Asia heightened fears of a broader supply shock. The conflict’s shift toward…
India’s net direct tax collections rise 7.2% to ₹22.80 trillion
The central government’s net direct tax collections so far this fiscal year stood at ₹22.80 trillion after accounting for refunds, up 7.19% from the previous year, data released by the…
What happens at the Fed if Kevin Warsh isn’t confirmed by May 15
The Federal Reserve has a chair, a nominee to replace him, and no clear path to a transition. Jerome Powell, who has led the world’s most powerful central bank since…
Fuel, fertilizer, and food: The long tail of Iran conflict for India
NEW DELHI: The West Asia conflict has disrupted India’s gas supplies, tightening a critical feedstock for fertilizers and exposing a deeper vulnerability in the country’s supply chain. The immediate risk…
Fed likely to hold rates steady as Iran war shocks policy debate
Federal Reserve officials, convening in a wartime setting that began less than three weeks ago, are expected to hold interest rates steady on Wednesday, but more significantly to outline in…
Oil prices down 1% as US crude inventories rise; supply concerns persist
International crude oil prices fell over 1% on Wednesday after a sharp rise in US inventories, though losses were limited by supply concerns amid the West Asia conflict. A Reuters…
India joins push to cut remittance costs ahead of WTO ministerial meet
New Delhi: India has joined a group of developing economies in pushing for a global framework to reduce the cost of cross-border remittances, positioning the issue as a key development…