[ad_1] NEW DELHI: India is well placed to weather the current global energy shocks as risks are “cushioned by ample buffers” including high forex reserves, fiscal space and a well-capitalised banking system, World Bank said Thursday, while projecting average growth of 7.1% during FY28-FY29. The assessment comes a day after the multilateral lender raised its…

[ad_1] NEW DELHI: After a gap of nearly two months, India and the US will hold talks on trade issues, with a team led by chief negotiator due to visit Washington soon. While dates are being finalised, US ambassador to India Sergio Gor said: “The US and India have previously agreed to a trade deal,…

[ad_1] NEW DELHI: Shaktikanta Das, principal secretary to PM, on Thursday said that the West Asia crisis highlighted the importance of energy security and self-reliance, while asserting that India is seen as a “safe anchor” as it offers stability, predictability and prospects of long-term growth amid global uncertainty. “Even with all the turbulence around the…

[ad_1] MUMBAI: Some friction, long viewed as a flaw in digital payments, is now being seen as a feature. An RBI discussion paper proposes to introduce a short delay, or “lag”, for high-value transfers above Rs 10,000. This gives customers time to rethink a transaction and cancel it if they suspect fraud. Customers may also…

[ad_1] The US economy grew at a sluggish 0.5% annual pace in the October–December quarter, lower than earlier estimates, as a prolonged government shutdown weighed on activity, AP reported.The Commerce Department revised down its estimate of fourth-quarter GDP growth from 0.7% to 0.5%, marking a sharp slowdown from 4.4% growth in the July–September period and…