Lowering barriers will benefit both India, EU: Banga

Bhubaneswar: Praising India and the European Union (EU) for signing the trade agreement, World Bank Group president Ajay Banga Thursday said emerging markets like India are extremely crucial to world trade. “I think all trade deals are important. In the last 20 years, global trade quadrupled, but the share of the emerging markets also doubled…

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Rupee nears 92/$, RBI helps cap fall

Mumbai: The rupee ended Thursday at 91.96 to the dollar, down 18 paise from its previous close of 91.78, after slipping to a record low near the 92 level before recovering marginally on dollar sales by public sector banks on behalf of RBI. The dollar index edged up about 0.12% to around 96.27, adding to…

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Brent tops $71/barrel, approaches Aug high

London: Brent oil futures prices jumped on Thursday, hitting a near six-month high on rising concerns about a possible US military attack on Iran, Opec‘s fourth-largest producer with output of 3.2 million barrels per day.“The immediate concern … is the collateral damage done if Iran takes a swing at its neighbours or possibly even more…

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Ease of doing biz calls for regulatory, process reforms

Against the backdrop of global challenges and heightened uncertainty, the Survey has backed reforms, including regulatory entities, and called for “creating a cadre of professionals”, who are adept in regulatory design and implementation, to improve the ease of doing business.“Policy reforms do matter. Process reforms arguably more so. Processes define the interaction between govt and…

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Red flags over sustainability of unconditional cash transfers

Make Up 50% Of Rural Monthly Consumption New Delhi: Unconditional cash transfers (UCT) by state govts now account for nearly half of the monthly per capita consumption expenditure among the rural population, raising concerns about fiscal sustainability and medium-term growth, especially when there is no complementary investment skilling and human capital, Economic Survey said.It said…

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IT sector faces AI-era uncertainties as global model power concentrates, says Economic Survey

The Economic Survey has cautioned that India’s entry into the artificial intelligence era comes with “looming uncertainties” and structural asymmetries that could reshape labour markets and pose fundamental questions for the future of the Indian IT sector, even as the country seeks to harness AI-driven productivity gains.The Survey flagged the growing concentration of market power…

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Microsoft stock plunges 12.3%, drags Wall Street lower-here’s what driving the fall

Microsoft led a pullback on Wall Street on Thursday, with US stocks retreating from record levels after the tech heavyweight logged its steepest single-day fall in years, weighing on broader market sentiment. While gold prices also reversed sharply after a blistering run, reflecting a broader cooling of risk appetite across global markets.Microsoft sank 12.3% despite…

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