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This is expected to significantly reduce the cost of remittances and checks currently imposed at various levels on cross-border transactions, making them economical, efficient and faster, sources said. He said this is particularly important for India, which sees massive remittance inflows, where costs can be reduced significantly. India is the leading recipient of inward remittances….
Jayati Ghosh, an economics professor at the University of Massachusetts Amherst, said India’s recent economic growth has not translated into meaningful job creation. He said the country’s development pattern has generated an unusual combination of high growth with weak job creation. “If you are growing at six to eight per cent in the long run,…
Kuwait’s economic outlook is increasingly being affected due to increasing tensions in the Gulf. In recent weeks, the broader conflict between Iran, the US and Israel has spread to the region, with drone strikes and other military incidents in Kuwait killing at least 10 people and tightening security around key infrastructure. Brent crude has also…
The much-awaited tunnel boring machines to build the country’s first undersea rail tunnel for the Mumbai-Ahmedabad high-speed bullet train project are on their way and will be delivered to the Jawaharlal Nehru Port Trust in Mumbai on Monday, sources said. The customized TBM was manufactured by German company Herrenknecht at its facility in China. Officials…
Highlighting growing tensions in sectors dependent on global trade flows, the Confederation of Indian Industry (CII) on Sunday said Indian companies are facing disruptions ranging from shipment delays to shortages of key raw materials due to the ongoing conflict in West Asia. In a statement, CII Director General Chandrajit Banerjee said companies are already seeing…
WHO has said more than 2,000 people have been killed in attacks on medical facilities since the war began. Photo: Bloomberg read 2 minutes Last update: 22 March 2026 | 11:52 am First At least 64 people, including at least 13 children, were killed in an attack on a hospital in Sudan’s West Darfur region…
Representative image from file. read 2 minutes Last update: 21 March 2026 | 11:33 pm First The government has lifted the temporary cap imposed on domestic airfares following widespread flight disruptions involving IndiGo in December last year, news agency PTI reported on Saturday, citing an order issued by the Civil Aviation Ministry. The ministry said…
Stay updated with free updates just sign up Airlines myFT Digest – delivered straight to your inbox. Private jet operators are being charged up to $50,000 in “war risk” insurance costs to land in the Middle East, a fee that can sometimes double the price of renting a plane in the region. In some cases,…
Israel’s response to Hezbollah’s rocket attacks in 2023 was to evacuate its northern border cities. This time the math has changed: It is keeping residents in their place and instead taking the fight deeper into Lebanon. Ravit Ben Ami, one of the thousands evacuated last fall, lives in a kibbutz so close to Lebanon that…
An impressive number of US Patriot air defense missiles have been transferred from Europe amid Iran war read 1 minute Last update: 21 March 2026 | 6:49 am First A large number of US Patriot air defense missiles have been moved from Europe to West Asia as Washington diverts resources to its war against Iran,…
