New Delhi: BRICS is a vital platform for advancing inclusive multilateralism especially when global institutions are facing a crisis of legitimacy and representation, Finance Minister Nirmala Sitharaman has said. Speaking at BRICS Finance Minister and Central Bank Governors (FMCBG) meeting in Rio de Janeiro, Brazil, Sitharaman said India has demonstrated resilience through a combination of…
New Delhi: India needs an average nominal GDP growth rate of 10 per cent annually to achieve the government’s vision of Viksit Bharat by 2047, CII President Rajiv Memani said. Nominal GDP is the total value of goods and services produced in a country, measured using current market prices, without adjusting for inflation, unlike real…
Mumbai: Nearly half of MSMEs surveyed prefer UPI as a mode of transaction to grow their business, followed by Aadhaar-enabled banking, says a report. According to the MSME Digital Index Report by PayNearby, digital payments continue to gain strong acceptance among MSMEs, with UPI emerging as the most preferred mode of transaction at 48 per…
Port of Spain: India and Trinidad and Tobago on Friday inked six agreements to shore up their cooperation in several sectors, including infrastructure and pharmaceuticals, following talks between Prime Minister Narendra Modi and his counterpart Kamla Persad-Bissessar. The two leaders also explored potential collaboration in areas of defence, agriculture, healthcare and digital transformation, unified payments…
New Delhi: The Indian economy is expected to grow by 6.4-6.7 per cent during the current financial year driven by strong domestic demand, even as geopolitical uncertainty poses downside risks, CII President Rajiv Memani said on Thursday. Addressing his first press conference after taking over as the CII president, Memani observed that factors including a good…
In its never-ending obsession with bashing Prime Minister Narendra Modi’s government, the Indian National Congress has once again pounced on a non-issue and tried spinning it into a “diplomatic disaster.” The occasion? Pakistan is assuming the rotating presidency of the United Nations Security Council (UNSC) for a month. According to Congress, this signals a major…
Kathmandu: At least 31 people died and 151 others injured in monsoon-related disasters in Nepal within a month since the onset of the rainy season on May 28, officials said on Tuesday. Between May 28 and June 30, the country experienced 682 incidents linked to the monsoon, including floods, landslides, lightning strikes, and windstorms, National…
New Delhi: The Indian team, headed by special secretary in the Department of Commerce Rajesh Agrawal, will remain in Washington till Monday for negotiations on an interim trade agreement with the US, an official said. The stay of the Indian officials has been extended for three days until June 30. Initially, the delegation was scheduled…
New Delhi: Revisiting India’s T20 World Cup triumph under his captaincy, Rohit Sharma has revealed he was a bundle of nerves, didn’t sleep the whole night, and “couldn’t feel my legs” before the big final against South Africa. Sunday marked the first anniversary of the memorable win in Barbados that broke 13 years of World…
Mumbai: India’s forex reserves dropped by USD 1.01 billion to USD 697.93 billion for the week ended June 20, the Reserve Bank of India said on Friday. In the previous reporting week, the reserves had jumped by USD 2.29 billion to USD 698.95 billion. Forex reserves had touched an all-time high of USD 704.885 billion…
