Feedback | Sunday, November 17, 2024

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November 13, 2024 11:22 AM

Pakistan’s persistent IMF reliance reflects structural economic struggles

In September, the International Monetary Fund (IMF) agreed to approve another loan to Pakistan. This time, the approved loan was worth US$7 billion, the second-largest IMF loan taken by the country. Why do countries go for IMF loans? The IMF is not a routine lender. It doesn’t provide any projec...

November 12, 2024 6:06 PM

India’s retail inflation rises to 6.21 pc in Oct as vegetables play spoilsport

India’s retail price inflation, based on the Consumer Price Index (CPI), rose to 6.21 per cent in October as higher prices of food items such as vegetables spiked during the month, figures released by the Ministry of Statistics on Tuesday showed.  The retail inflation has increased from 5.49 per...

November 12, 2024 4:58 PM

WTO may seek to reappoint chief ahead of Trump presidency

The World Trade Organization plans a special meeting of its top decision-making body later this month where a call could be made on the reappointment of its Director-General Ngozi Okonjo-Iweala, a document showed on Tuesday. Trade sources said such a meeting appeared to be a route that could fast-t...

November 12, 2024 4:53 PM

Israel fails to meet US aid demands to ease Gaza catastrophe, aid groups say

International aid groups said that Israel had failed to meet a series of U.S. demands intended to improve the humanitarian crisis in Gaza by a Tuesday deadline. The United States told its ally Israel in a letter on Oct. 13 that it must take steps to improve the aid situation in war-ravaged Gaza wit...

November 12, 2024 4:37 PM

Musk’s Starlink gets Chad go-ahead to improve internet access

Chad said on Tuesday it had approved the licensing of Elon Musk's satellite internet provider Starlink to improve access to internet services in the central African country. Starlink, the satellite unit of SpaceX, operates in several African countries but has faced regulatory challenges in others a...

November 12, 2024 4:20 PM

Markets close lower: Sensex drops 821 points, broad-based selling hits Nifty

Indian equity markets ended on a weak note on Tuesday, with the Nifty slipping below the 23,900 mark as broad-based selling hit various sectors. The Sensex closed down by 820.97 points, or 1.03%, at 78,675.18, while the Nifty dropped 257.80 points, or 1.07%, to settle at 23,883.50. The session saw ...

November 12, 2024 3:43 PM

Global leader PM Modi deserves Nobel Peace prize: Ace investor Mark Mobius

Prime Minister Narendra Modi is capable of having a dialogue with all sides of the political spectrum on a global stage and deserves a Nobel Peace prize for his efforts, veteran investor Mark Mobius said on Tuesday. In an exclusive interaction with IANS, 88-year-old Mobius said PM Modi could become...

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