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India is key growth engine for the world: IMF

Washington, Jan 16 (IANS) India is the key growth engine for the world, the International Monetary Fund (IMF) said on Thursday, noting that the country’s third-quarter growth came out stronger than expected. “What we have seen in India is that India is a key growth engine for the world,” Julie Kozack, Director of IMF’s Communications […]

India’s Union Budget likely to stay steady, focus on tech and jobs: Economist

Washington, Jan 16 (IANS) India’s upcoming Union Budget is expected to broadly stay the course, with the government maintaining its focus on fiscal consolidation, macroeconomic stability and stepped-up investment in high-technology sectors, according to Anit Mukherjee, Senior Fellow at ORF America, who has worked extensively on fiscal and development policy. “I’m expecting more of the […]

IMF to assess economic damage in Sri Lanka after Cyclone Ditwah

Washington, Jan 16 (IANS) The International Monetary Fund (IMF) said a fact-finding mission will visit Sri Lanka from January 22 to 28 to assess damage from Cyclone Ditwah and discuss the implications for the country’s ongoing Extended Fund Facility (EFF) programme. “A fact-finding mission will visit Sri Lanka from January 22nd to 28th,” Julie Kozack, […]

India’s AI summit to focus on people, planet, progress

Washington, Jan 16 (IANS) India’s upcoming AI Impact Summit in New Delhi will be anchored around three core themes — people, planet and progress — with the aim of shifting global artificial intelligence discussions from principles to practical outcomes, India’s Deputy Chief of Mission in Washington, Namgya Khampa, said. Khampa’s remarks came at “US-India Strategic […]

Over 4.7 million accounts deactivated under Australia’s social media ban for children

Canberra, Jan 16 (IANS) Over 4.7 million accounts belonging to children were deactivated in the first days of Australia’s world-first social media ban for under-16s, the federal government said on Friday. Data released by the government’s eSafety commissioner revealed that social media companies removed access to around 4.7 million accounts identified as belonging to children […]

At UNSC, US warns ‘all options’ open on Iran; Tehran rejects escalation

United Nations, Jan 16 (IANS) During their faceoff at the Security Council, the United States warned Iran that “all options are on the table” to stop the attacks on protesters, while Tehran said that it was seeking “neither escalation nor confrontation”. “President (Donald) Trump is a man of action”, US Permanent Representative Mike Walz said […]

German envoy hails Chancellor Merz’s first visit to India

New Delhi, Jan 16 (IANS) Germany’s Ambassador to India, Philipp Ackermann, on Friday welcomed German Chancellor Friedrich Merz’s first official visit to India, highlighting the breadth of discussions held during the trip, including key areas such as defence cooperation, trade, investment and migration. “What a unique visit we just had! Chancellor Merz on his first […]

Tropical storm Nokaen raises lahar risk near Philippines’ Mayon volcano

Manila, Jan 16 (IANS) The first tropical cyclone of this year, tropical storm Nokaen, locally named Ada, may trigger lahars and muddy streamflows around Mayon Volcano on Luzon island, authorities said on Friday. The state weather bureau, PAGASA, said Nokaen is packing maximum sustained winds of 65 kilometres per hour near the center, with gusts […]

US Ambassador Gor highlights bolstering India-US ties during first Mumbai visit

New Delhi, Jan 16 (IANS) Sergio Gor, the new American Ambassador to India, on Friday visited the US Consulate in Mumbai on his first visit to the Indian city. “Excited to kick off my first visit to Mumbai with a visit to our Consulate! Our dedicated team working hard to bolster the US-India partnership,” Gor […]