A new experimental vaccine formulation built using reverse vaccinology has shown in mouse trials that it can protect against Streptococcus pneumoniae serotypes existing vaccines don't cover, addressing a structural flaw - serotype replacement - that has limited every pneumococcal vaccine made so far.
A public dispute erupted over India's 7.8% Q1 GDP growth figure after a former finance secretary calculated a much lower 2.6% nominal growth rate by comparing GDP numbers from two different base-year series, prompting MoSPI to issue a formal rebuttal on the statistical validity of such comparisons. MoSPI strongly defended its 7.8% Q1 GDP growth figure against claims of data manipulation, clarifying that variations resulted…
A trade simulation using the GTAP model quantifies, for the first time in concrete dollar terms, what India's continued Russian crude purchases could cost if the US Senate-passed Lindsey O. Graham Act becomes law - and shows export diversification, not retreat from Russian energy ties, as the mathematically superior response.
Sustained Ukrainian strikes on Russia's oil refining infrastructure have created domestic fuel shortages severe enough to push Russia into importing refined petroleum products from India for the first time since the war began, even as India remains heavily dependent on Russian crude. Ukrainian attacks on Russian oil refineries have severely reduced Russia's domestic fuel production, forcing it to import refined petroleum…
The Japan Credit Rating Agency's upgrade of India's sovereign rating to 'A-' - its first return to the 'A' category since 1988 - reflects three and a half decades of structural reform, even as the agency itself flagged unresolved fiscal risks tied to Centre-State transfers and electoral-cycle spending.
The RBI's forex swap facility, introduced to counter rupee pressure from high oil prices and FPI outflows, has drawn nearly double the expected inflows at $136.377 billion, forcing the central bank into an active liquidity-sterilisation exercise even as it strengthens headline forex reserves. The RBI's special forex swap facility mobilized a record $136.377 billion, primarily driven by NRI FCNR(B) deposits, to stabilize the…