All posts tagged: economic

Mising groups launch indefinite economic blockade against Arunachal Pradesh over border firing incident

Mising groups launch indefinite economic blockade against Arunachal Pradesh over border firing incident

Published by Webster

The Takam Mising Porin Kebang (TMPK), the apex student organisation of Assam’s Mising community, on Wednesday launched an indefinite economic blockade against Arunachal Pradesh in protest against the alleged firing in which 12 indigenous people were injured. As part of the agitation, protesters blocked key entry points along the inter-state border, including roads at Dwarmukh-Banderdewa, Ruksin in Dhemaji, Banderdewa in Lakhimpur, Solengi in Gohpur and Pabhoi in Biswanath, they said. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Why ‘free’ public services can cost more, as per chief economic advisor V Anantha Nageswaran

Why ‘free’ public services can cost more, as per chief economic advisor V Anantha Nageswaran

Published by Parlour News

Promises of free or heavily subsidised public services come at a hidden cost, chief economic advisor (CEA) V Anantha Nageswaran has said. The government official also said that building infrastructure while charging below-cost prices was unsustainable. CEA V Anantha Nageswaran explains why ‘free’ water and cheap utilities can do more harm than good (ANI) Addressing the CII Tamil Nadu Infrastructure Summit 2026, Nageswaran said political approaches to utility pricing, urban planning and infrastructure financing often weaken the country’s long-term economic health. “Free is the most expensive word in public policy,” he said, as per PTI. The CEA said pricing essential services such as water at zero makes people treat them as unlimited, leading to waste. “The thing we call free is the thing we destroy. This is not a paradox, it is a policy choice and it can be chosen differently.” READ MORE | India needs a new economic strategy Fair pricing attracts investment Nageswaran said low utility prices also make it difficult to attract long-term investment in infrastructure. He said capital is “not sentimental” …

Navy key protector of India’s economic interests: Rajnath Singh

Navy key protector of India’s economic interests: Rajnath Singh

Published by Parlour News

Defence minister Rajnath Singh on Saturday said the Indian Navy is not just a fighting force but also a key protector of the country’s economic interests, citing its key role during the West Asia conflict when it escorted 18 merchant vessels carrying cargo worth over ₹ 9,000 crore under Operation Urja Suraksha. The sixth of seven stealth frigates under the ₹45,000-crore Project 17A, the warship is named after the Mahendragiri mountain range in the Eastern Ghats (PTI) “Recent events have once again proven how essential a capable and responsive navy is for any nation…From maritime security to economic security, the Indian Navy is the trusted power of the entire Indo-Pacific region,” Singh said in Visakhapatnam. The comments came as the navy commissioned its latest stealth frigate, INS Mahendragiri, bolstering its presence in the Indian Ocean Region and the broader Indo-Pacific where China continues to expand its maritime reach. “INS Mahendragiri will enhance the strength of the eastern seaboard, extend India’s blue-water reach, and further consolidate its presence in the Indian Ocean Region,” he said. The …

India, Japan deepen defence, AI, energy ties; finalise economic roadmap

India, Japan deepen defence, AI, energy ties; finalise economic roadmap

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India and Japan on Thursday unveiled measures to expand cooperation in defence, energy security, rare earths and AI, and finalised a joint roadmap for economic security, as Prime Minister Narendra Modi and his Japanese counterpart Sanae Takaichi emphasised the importance of mutual trust underpinning bilateral ties in a world order facing growing uncertainty. Prime Minister Narendra Modi and his Japanese counterpart Sanae Takaichi emphasised the importance of mutual trust underpinning bilateral ties in a world order facing growing uncertainty. (RAJ K RAJ /HT PHOTO) Takaichi, on her first visit to India since becoming prime minister, arrived with a high-powered business delegation and joined Modi for the 16th annual India-Japan Summit. The leaders also participated in a joint economic forum focused on boosting Japanese investments in India. In addition to agreeing on a range of steps to deepen defence cooperation, including the joint development of military platforms, the two sides agreed to upgrade a trade deal concluded in 2011. Under Takaichi’s leadership, Japan has focused on strengthening ties with like-minded partners such as India, Australia and …

Finance Minister Nirmala Sitharaman begins official four-day visit to France to deepen strategic economic ties

Finance Minister Nirmala Sitharaman begins official four-day visit to France to deepen strategic economic ties

Published by Parlour News

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman embarked on an official 4-day visit to France on Wednesday to participate in a series of high-level bilateral engagements aimed at strengthening the India-France Strategic Partnership, enhancing economic cooperation and promoting investment, technology collaboration and innovation.. Union Finance Minister Nirmala Sitharaman (@nsitharamanoffc X) A key engagement during the visit will be the India-France Economic & Financial Dialogue (EFD), which will be co-chaired by Sitharaman and Roland Lescure, France Minister of Economy, Finance and Industrial and Energy Sovereignty, at Aix-en-Provence. As part of the EFD, both countries will discuss potential areas for greater bilateral cooperation in various sectors, and further enhance the economic relations between India and France. During the visit, the Union Finance Minister will hold one-to-one meetings with select global CEOs and also participate in a roundtable interaction with leading business executives to showcase India’s robust macroeconomic fundamentals, ongoing structural reforms, expanding investment opportunities and long-term growth prospects, an official release said. Also Read | Govt open to stakeholder views on reducing capital gains tax …

India-Bhutan: Strategic stability through economic synergy

India-Bhutan: Strategic stability through economic synergy

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Recently, India disbursed the fifth tranche of the India-Bhutan Economic Stimulus Programme (ESP) of ₹250 crore reaffirming its central role in catalysing Bhutan’s economic revitalisation, post-pandemic recovery, and generating employment. India has committed a total of ₹1,500 crore under ESP, out of which ₹1,250 crore has been disbursed to date. Another cheque of ₹250 crore was handed over under the National Fuel Price Smoothening Framework, to reduce the impact of rising fuel prices on Bhutanese economy. Bhutan India remains Bhutan’s primary development partner, with more than 30% of the capital expenditure in Bhutan’s 2026-27 budget supported directly through Indian grants. For the 13th Five-Year Plan (2024-2029), India has committed a total of ₹10,000 crore. To date, approximately ₹3,400 crore has been released, covering project assistance and high-impact community development initiatives such as Digital Drukyul, hospitality and tourism, start-ups and innovation as well as education. This cooperation is unique in South Asia. Hydropower is the cornerstone of the partnership, providing Bhutan with significant revenue and India with reliable clean energy. And this partnership has moved beyond …

Amid global uncertainties, parliamentary panel to study evolving economic conditions in India

Amid global uncertainties, parliamentary panel to study evolving economic conditions in India

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Image used for representational purposes. File | Photo Credit: Reuters As conflicts and geopolitical uncertainties around tariffs cloud domestic growth, a key parliamentary committee has decided to examine the evolving economic condition of the country. According to a Lok Sabha bulletin, the Standing Committee on Finance has chosen ‘Evolving Economic Conditions in the Country’ as an additional subject for detailed examination during the year 2025-26. Parliamentary panels select their subjects soon after they are constituted. But they are at liberty to select additional subjects, keeping in mind evolving circumstances. Indian economy is estimated to have grown at 7.7% in 2025-26 (April-March), with a robust 7.8% growth in the January-March quarter. India’s GDP had grown at 7.1% in the 2024-25 fiscal year. However, the RBI estimates GDP growth to slow to 6.6% in the current fiscal year as the ongoing conflict in West Asia pushes up cost of fertiliser and fuel globally. India is a net importer of both crude oil and fertiliser. The committee is likely to seek input from the finance ministry, the Reserve …

G7 Summit: Modi suggests global Skilled Mobility Partnership, Economic Corridor for Global South

G7 Summit: Modi suggests global Skilled Mobility Partnership, Economic Corridor for Global South

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n this screengrab from a video posted on June 17, 2026, Prime Minister Narendra Modi attends a working session at the G7 Summit, in Evian-les-Bains, France. Photo: @NarendraModi/YT via PTI Photo Prime Minister Narendra Modi has proposed a global skills mobility mechanism and a economic corridor — like the India Middle East Economic Corridor (IMEC), for the Global South. His proposal was made at the G7 Summit in Evian-les-Bains in France at a outreach session with G7 partners, titled ‘Reviving a Balanced, Shared and Sustainable Economic Growth for All.’ The Prime Minister wrote, on social media site X: “Like the vision of IMEC, can we work on connectivity projects with countries in Africa, Latin America and the Pacific Islands?” G7 Summit updates on June 17, 2026 The IMEC project has faced delays due to multiple conflicts in West Asia — starting with the Gaza-Israel conflict and more recently, the war between Iran and the U.S. and Israel.  The project was announced in September 2023 at the G20 Summit in New Delhi. Mr. Modi, who is …

India, France adopt Innovation Roadmap 2030, Economic Security Dialogue

India, France adopt Innovation Roadmap 2030, Economic Security Dialogue

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Prime Minister Narendra Modi meets French President Emmanuel Macron, in Nice on Sunday (June 14, 2026). Photo: X@narendramodi via ANI India and France adopted an ‘Innovation Roadmap 2030’ and established a Dialogue on Economic Security during bilateral talks between Prime Minister Narendra Modi and French President Emmanuel Macron held in Nice on Sunday (June 14, 2026) afternoon during Mr. Modi’s visit to the Bharat Innovates technology conference. A press release from the government outlined a number of themes – including calling for the fast adoption of the India-EU Free Trade Agreement (FTA). Earlier this year, the two countries had renamed their partnership a ‘Special Global Strategic Partnership’ to reflect an enhanced level of cooperation. No traditional ‘joint statement’ had emerged from the meeting as of this writing. “Recognising the key role of innovation and technology in the bilateral relationship, both sides adopted an ‘Innovation Roadmap 2030’ to give the partnership a long-term direction,” the press release said, with the two leaders agreeing to create a Joint India-France AI Working Group to expand cooperation in AI. …

Manoj Bajpayee Starrer Is A Riveting Look At India’s Darkest Economic Hour

Manoj Bajpayee Starrer Is A Riveting Look At India’s Darkest Economic Hour

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Governor Movie Review Rating: Star Cast: Manoj Bajpayee, Madhoo Shah, Noushad Mohamed Kunju, Adah Sharma, Paritosh Sand Director: Chinmay D. Mandlekar Governor Movie Review Out: The Story Behind The 1991 Financial Crisis ( Photo Credit – Instagram ) What’s Good: The crisp and concise narration and the superb performances What’s Bad: The first half is a bit dry, and there are no dramatic highs Loo Break: Preferably no Watch or Not?: If I were a governor, I would request all to watch! Language: Hindi Available On: Theatrical release Runtime: 122 Minutes User Rating: The film sheds light on the 1991 financial crisis that had pushed India to the brink of bankruptcy. This was a result of a balance of payments deficit due to excess reliance on imports and other external influences. Various factors, including a minority government, a caretaker prime minister later, and other challenges, forced India to seek help from the International Monetary Fund (IMF) to correct the massive imbalance. The Gulf War between the US and Iraq further exacerbated the issue, and after …