Global energy price hike to concern Indian economy: IMF

15 Mar 2022 CW Team

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), told the media that India has been excellent at managing its finances. However, the price hike in global energy will harm its economy.

Gita Gopinath, First Deputy Managing Director of the IMF, had observed that the war had posed a challenge to economies across the globe, including India.

India depends heavily on energy imports, and the price is rising, which has implications on the purchasing power of Indian households.

Gopinath said that the inflation in India is around 6%, which is the upper end of the inflation band for the Reserve Bank of India (RBI). It has implications on the monetary policy in India, and it is a challenge in many parts of the world, not just India.

She added that India is an importer, and the price hike in energy will have a negative impact on its economy.

Georgieva said that she advises the members that it is the first and foremost responsibility to ensure the protection of the most vulnerable populations from the increasing prices, and not only energy but also food prices for countries will be a significant factor.

She added that the members would also be looking into monetary policy responses as to how those could be calibrated appropriately to what is happening.

Image Source

Also read: Sri Lanka urges more Indian investments to strengthen economy

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..