India hands over Rs 290 crore to Bhutan for 13th Five Year Plan projects

IANS | October 13, 2026 11:30 AM

Thimphu, Oct 13 (IANS) India handed over cheques amounting to INR/Nu. 2.90 billion (290 crores) to Bhutan’s Ministry of Finance, towards the Government of India’s commitment under Bhutan’s 13th Five Year Plan for several projects, the Indian Embassy in Thimphu said on Tuesday.

Democratic House would test Trump’s India agenda

IANS | October 13, 2026 11:03 AM

Washington, Oct 13 (IANS) Democrats are heavy favourites to win control of the US House of Representatives in the November 3 midterm elections, according to the prediction markets and polling averages, raising the prospect of tougher congressional scrutiny of President Donald Trump's tariff, trade and visa policies that weigh heavily on India.

IMF sees Gulf economies shrink in 2026 as Hormuz closure bites

IANS | October 13, 2026 9:42 AM

Washington, Oct 13 (IANS) The war in the Middle East and the closure of the Strait of Hormuz will push the Middle East and Central Asia region into contraction this year, with several Gulf oil producers facing double-digit declines, the International Monetary Fund said on Tuesday.

IMF flags impact of US-China tariff war

IANS | October 13, 2026 9:12 AM

Washington, Oct 13 (IANS) The International Monetary Fund (IMF) has said that steep tariffs imposed by the United States and China have sharply reduced bilateral trade, but businesses in both countries have managed to cushion the impact by redirecting exports to alternative markets, particularly in Asia.

IMF sees US growth at 2.3 pc through 2027

IANS | October 13, 2026 9:02 AM

Washington, Oct 13 (IANS) The International Monetary Fund (IMF) has projected the United States economy to grow by 2.3 per cent in both 2026 and 2027, supported by strong consumer spending and investment in artificial intelligence, but warned that inflation, rising government borrowing costs and financial market risks could threaten the outlook.

AI boom splits world economy into winners, losers: IMF

IANS | October 13, 2026 9:01 AM

Washington, Oct 13 (IANS) The artificial intelligence investment boom is lifting a handful of chip-making economies while energy importers outside the technology supply chain are being squeezed by the Middle East war, producing what the International Monetary Fund called "a split global economy.”

US midterms: Indian-American candidates face pressure from GOP, Democrats

IANS | October 13, 2026 8:51 AM

Washington, Oct 13 (IANS) Indian-American candidates heading into the November 3 midterms are being squeezed from two directions, with Republicans in the community campaigning amid a party-wide backlash against H-1B visas and several Democrats already ousted this year by challengers from their party's left flank.