A London Based Digital Publication Covering Diplomatic & Business Activities Globally

Wednesday, October 4, 2023

India PM Warns of Inflation

India PM Warns of Inflation
India PM Warns of Inflation

(New Delhi) – India’s premier, Manmohan Singh has warned the nation to brace for higher prices because of the rupee’s plunge to record lows, but he forecast the economy would pick up in the second half of the year. Manmohan Singh, addressing parliament for the first time since the rupee went into a tailspin this month, called the currency’s worst slide against the dollar in nearly two decades “worrying” and a “concern”.
But he said actions taken by his government to reduce “the unsustainably large” current account deficit, which has undermined the currency, would bear fruit. “We are no doubt faced with important challenges but we have the capacity to address them — it is at times like these that a nation shows what is truly capable of,” he told.

Latest Posts

Latest Posts

Stay in touch

To be updated with all the latest news, offers and special announcements.


UK Economy Showing Positive Growth

LONDON, September 29 (Reuters) - Revised official data released...

King Welcomes Duke of Edinburgh

Manama, Sept. 28 (BNA): His Majesty King Hamad bin...

Khaled bin Mohamed bin Zayed’s Visit Represents UAE President in Albania

On September 29, 2023, H.H. Sheikh Khaled bin Mohamed...

UAE President Expresses Condolences to King of Bahrain for Fallen Heroes

ABU DHABI, 28th September, 2023 (WAM) -- President His...

The Deputy King of Bahrain accepts credentials from five newly appointed ambassadors to the Kingdom.

In Manama on September 24th, His Royal Highness Prince...

Mariam Almheiri calls for action on climate at COP28 during her UNGA 2023 meetings.

In New York on September 24th, 2023, Mariam bint...

UAE and Indonesia are currently assessing ways to enhance their economic collaboration.

In Jakarta on September 23rd, 2023, Suhail bin Mohammed...

UAE leaders congratulate the Custodian of the Two Holy Mosques on the Kingdom’s 93rd National Day

On September 23rd, 2023, President His Highness Sheikh Mohamed...

Hamdan bin Mohammed launches program to cultivate national talent for leadership in Dubai’s crucial sectors.

On September 24th, 2023, H.H. Sheikh Hamdan bin Mohammed...