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Indo-Pacific economic framework for prosperity to deepen development: India

A Commerce Ministry-led inter-ministerial delegation took part in the second Indo-Pacific economic framework for prosperity (IPEF) negotiations in Indonesia's Bali last week, where it reiterated that the framework will deepen the economic engagement and promote inclusive development through enhancement in trade and investment in the region.

US Fed, undaunted by recent banking problems, raises interest rate

The US Federal Reserve on Wednesday raised interest rate by 25 basis points, which is modest compared to previous hikes aimed at curbing inflation but came amidst uncertainty about the banking system that has taken a hit in the last few weeks triggering fears of a larger problem.