File photo: Union finance minister Nirmala Sitharaman India has sharply increased its spending on climate action over the past six years, with allocations rising from around 3.7 per cent of GDP to nearly 5.6 per cent, Union finance minister Nirmala Sitharaman said on Saturday.Speaking at the ‘Degrees of Instability: Climate Security in a Warming World’…
File photo: US secretary of state Marco Rubio and EAM S Jaishankar (Picture credit: AP, ANI) US secretary of state Marco Rubio on Saturday said Washington has secured a commitment from India to stop buying additional Russian oil, even as the United States continues to tighten sanctions on Moscow over the Ukraine war.Speaking at the…
Gold continues to hold strong appeal among young Indians, even as access to modern financial products widens, with 62 per cent of respondents naming the precious metal as their preferred investment option, according to a survey.The findings suggest that despite the rise of mutual funds, equities and crypto assets, gold remains the go-to choice for…
NEW DELHI: Driven by structural reforms, entrepreneurial energy and a forward-looking approach to debt and development, India’s post-Covid expansion has been among the most consistent for any major economy, with expectations remaining strong for the medium term, Yann Le Pallec, president, S&P Global Ratings said on Saturday. “In our latest report, we explored how India…
NEW DELHI: In a rapidly reshaping global economy, strategic sovereignty has emerged as a guiding imperative, as nations navigate global supply chains while safeguarding critical capabilities in an increasingly fragmented world, global business leaders said. During a panel discussion, KPMG India CEO Yezdi Nagporewalla, global leaders across new age economy, technology and defence, financial inclusion,…
A new study by the Indian Council for Research on International Economic Relations (ICRIER), supported by OpenAI, has sought to ease concerns about large-scale job losses due to artificial intelligence.According to the report, generative AI is not triggering mass layoffs in India’s IT sector at present. Instead, it is reshaping how work is organised, improving…
NEW DELHI: Railways is seeking to address the biggest concern of long distance passengers— train toilets. It on Saturday rolled out reforms in on-board services with focus on regular cleaning of toilets, wash basins and garbage collection in trains on the move, including for millions of passenger travelling in general or unreserved coaches to have…
The Centre has given the green light to a series of highway projects worth over Rs 11,000 crore spanning Maharashtra, Gujarat and Telangana, according to official statements.The approvals were granted by the Cabinet Committee on Economic Affairs (CCEA) and cover road widening, rehabilitation and new four-lane stretches aimed at boosting freight movement and regional connectivity….
Representative image (AI) The economy of Pakistan is in a risky state due to its over-reliance on short-term foreign loans, according to business leaders and economists. Key figures are calling for urgent negotiations with friendly nations to extend loan repayment periods and implement structural reforms, as reported by Express Tribune.Vice chairman of the Pakistan industrial…
Union cabinet has approved construction of a 4-lane access-controlled greenfield corridor from Gohpur (NH-15) to Numaligarh (NH-715), including a 15.79-km road-cum-rail underwater tunnel under the Brahmaputra, at a total capital cost of Rs 18,662 crore, the government said.The total project length will be about 33.7 km, and will be implemented on an Engineering, Procurement and…
