Page 2 - Economy

India's shrinking current account gap provides a reprieve for Rupee

Barclays Plc expects the gap in current account - the broadest measure of trade in goods and services - to be 1.8% of gross domestic product in the year starting April 1

Power challenge: Summer comes at a price for discoms as energy bills soar

Increase in cost has pushed states to seek tariff hike in the range of 15-30%

China foreign minister says nation's recovery to benefit US companies

Qin Gang, Foreign Minister, China, welcomed US firms to keep expanding investments in China and to set roots in the country

World may split into rival economic blocs, it'll make all poorer: IMF chief

The IMF predicted growth of 2.9 per cent this year, and will release new forecasts next month

Pakistan professionals struggle with higher costs as economy teeters

Like most people in the nation of 220 million, Ahsan and her husband, who owns a car servicing business, are struggling to cope with a surge in living costs triggered

RBI central board reviews economic situation, global developments

The meeting comes in the backdrop of banking crisis in US triggered by the SVB collapse and the Fed's adoption of a softer tone on future rate hikes in its latest policy statement

Western Australia to improve ties with India, focus on green tech: Minister

Australian state 'uniquely placed' to work with India for energy transition, says Stephen Dawson

India set to surpass China in need for oil as growth paths diverge

With daily crude consumption triple that of China, traders and producers looking to tap into diminishing global demand growth will be betting on India into the next decade

US not considering 'blanket' bank deposit insurance: Treasury Secy Yellen

Yellen has earlier said that the US is prepared to take further actions to protect depositors if smaller lenders are threatened

Our sourcing from India has grown from 11% to over 23%: Bayer's Santos

In a Q&A, the president of the firm's crop science division says digital farming will be a key driver of the company's growth in India in the years ahead

Lanka economic crisis: From protests to IMF's $3-billion rescue

The IMF has approved a nearly $3-billion bailout which could help the country unlock up to $7 billion more from other lenders

The perfect moment for innovation or 'anusandhan' is now: Six reasons

Innovation can be a sustainable wealth creator for nations

At a crossroads: India's per capita emission increases 36% since 2011

The latest figure is nearly 8 times the level of 1960

US bank crisis will have little impact on India: CEA V Anantha Nageswaran

Says lessons for India have not changed, banking sector should remain mindful of duration risk and credit risk, which then includes concentration risk

Roof mounted AC units for passenger coaches to have 28% GST: Punjab AAAR

Issue was product would come under which heading of harmonised system of nomenclature code

Taiwan's chip exports sputter on US-China tensions, falling demand

The total amount of semiconductors Taiwan shipped worldwide declined 17.3% last month from a year ago

Pak's effort to curb trade deficit leads to rising unemployment: Report

Curbing imports of raw materials to improve the trade balance is tantamount to cutting one's nose to spite one's face," according to the Dawn

Parikh panel's plan to link gas prices to global crude comes a cropper

When the suggestion was made, crude was at a huge discount to gas; but now, with the unpredictable course of fossil fuel prices playing spoilsport, govt may be forced to do a rethink

IMF wants friendly nations to give funds to cash-strapped Pak before deal

This has led to a delay in concluding talks with the IMF for the program, Pakistan Finance Minister Ishaq Dar told the upper house of parliament on Thursday

China's property market shows early signs of recovery after slump

The value of housing sales snapped more than a year of falls to post a small gain in the first two months of this year, while prices of second-hand homes and most new housing in major cities rose