Sunday, October 25
It may be a subdued growth in the current financial year but the Indian economy is projected to grow by 6.8 per cent in the financial year 2025-26, supported by strong high-frequency indicators, according to a report by Bank of Baroda. The report expects nominal GDP growth to be around 10.5 per cent during the same period. It added that key indicators of this growth include robust air passenger traffic, a rise in services PMI, and increased GST collections. Additionally, higher rabi crop sowing is expected to boost agricultural growth, providing a stable foundation for the economy.It said ". For FY26, we expect the nominal GDP growth at 10.5 per cent and real GDP growth at 6.8 per cent.The report highlighted that the Indian economy has shown resilience, driven by strong festive demand and
President-elect Donald Trump declined on Monday to rule out military or economic action as part of his avowed desire to have the U.S. take back control of the Panama Canal and acquire Danish-controlled Greenland. Asked at a press conference whether he would avoid using military or economic coercion in Panama and Greenland, Trump said, "No, I can't assure you on either of those two. But I can say this, we need them for economic security." The extraordinary statement came as Trump further outlined an expansionist agenda, two weeks before he is sworn into office at the Jan. 20 inauguration in Washington. Trump also vowed to change the name of the Gulf of Mexico to the Gulf of America and repeated his promise to impose significant tariffs on Mexico and Canada. "It covers a lot of territory," h
The Israel Ministry of Tourism (IMOT) has introduced a digital e-Visa system for Indian travelers, effective January 1, 2025. This new system aims to simplify the visa application process, eliminating physical paperwork. This marks a pivotal step in Israel's commitment to enhancing tourism accessibility and strengthening ties with India.The e-Visa platform allows Indian nationals to apply for visas entirely online, providing a faster, more efficient process. Applicants can complete the procedure from anywhere, at any time, through Israel's official government portal. The system also features reduced documentation requirements, making it particularly convenient for individual tourists. However, group visa applications will continue to be processed through traditional methods.This e-Visa pla
