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The Resurgence Towards the New Normal Has Begun, Say Experts at the Economic Times Global Business Summit 2022

GBS 2022 concludes with global CEOs, opinion makers and government leaders offering insights and perspectives on a post-pandemic and rapidly evolving geo-political calculus, the disruption in economies and the path to the new normal, an accelerated move towards sustainability, better governance and tech-led innovations for the future. Mumbai, Maharashtra, India: The world is at the [...]

Jabalpur airport operations resume a day after plane overshot runway

Jabalpur, Mar 13 (PTI) Operations at Jabalpur airport in Madhya Pradesh resumed on Sunday night, a day after a plane with 55 passengers on board overshot the runway, an official said. The operations at the Dumna airport resumed around 8 pm, airport director Kusum Das told PTI. A DGCA (Directorate General of Civil Aviation) team [...]

Looking at creating a fund for agritech startups: Goyal

New Delhi, Mar 13 (PTI) The government is looking at creating a fund for agritech startups, Commerce and Industry Minister Piyush Goyal said on Sunday. The government is looking at significant participation of startups in defence R&D as huge opportunities are there in drones, defence and technical textile sectors for entrepreneurs, the minister said at [...]

India’s post-pandemic eco recovery progressing well; high oil prices pose risks: Ashima Goyal

New Delhi, Mar 13 (PTI) India's economic recovery from COVID-19 is progressing well, with better than expected growth rates, and the trajectory will continue but persistently high oil prices can play spoilsport, eminent economist Ashima Goyal said on Sunday. Goyal, who is also a member of the Monetary Policy Committee (MPC) of the RBI, further said [...]

From soaring gas prices to another world war, economic sanctions can lead to dire unintended consequences

Toronto, Mar 13 (The Conversation) Western governments have united to bring in a number of serious economic sanctions against Russia in retaliation for its violence in Ukraine, including the latest announcement that the US is revoking Russia’s “most favoured nation” status that will impose new trade tariffs.The moves were not a surprise.The US and its [...]

Sanctions against Russia are targeting the ‘elite’ – but did that work in Iran?

Ottawa, Mar 13 (The Conversation) The wave of sanctions that has followed Russia’s invasion of Ukraine has been described with adjectives such as “massive” and “severe.” Another word has also often been used to describe sanctions on Russia: “targeted.” Ursula von der Leyen, the head of the European Commission, has even used both words side [...]

MP power load dispatch centre gets additional cyber security

Jabalpur, Mar 13 (PTI) The MP Power Transmission Company Limited's (MPPTCL) load dispatch centre here has been provided additional cyber security, after the facility was recently recognised as a 'heritage critical and protected system' by the Union government, an official said on Sunday. The MPPTCL set up a cyber security system at the state load [...]

Russia-Ukraine issue, Fed rate decision crucial factors for markets: Analysts

New Delhi, Mar 13 (PTI) The Russia-Ukraine issue, the US Fed interest rate decision and release of domestic inflation data are some of the major factors that will drive the stock markets in a holiday-shortened week, analysts said. Market experts believe that stock markets are likely to stay volatile until the existing headwinds subside. "FOMC [...]