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Economy

  • Economy

    Sri Lanka’s economic mess will not be resolved soon, as civil society stands alienated

    by Mahua Venkatesh July 13, 2022
    by Mahua Venkatesh July 13, 2022

    <p> <strong>For bankrupt Sri Lanka, the process of revival will be painful, uncertain as well as long-drawn. People's patience has run out and the challenge for the new government, if …

  • Economy

    EU’s largest economy, Germany is likely to slip into recession

    by Mahua Venkatesh July 13, 2022
    by Mahua Venkatesh July 13, 2022

    <p> <strong>For many in Germany, a warm water bath could soon become a luxury. One of the country’s main port cities, Hamburg, has already warned its citizens that it may …

  • Economy

    IMF delays loan deal to Pakistan, embarrassing Sharif govt

    by Mahua Venkatesh July 12, 2022
    by Mahua Venkatesh July 12, 2022

    <p> <strong>The delay in International Monetary Fund’s (IMF) concretisation of the bailout package for Pakistan has caused much embarrassment for the Shehbaz Sharif government especially as it has been steadily …

  • Economy

    RBI move to allow global trade payments in rupees will bolster India’s exports to Russia, Sri Lanka, Iran

    by SPS Pannu July 12, 2022
    by SPS Pannu July 12, 2022

    <p> The Reserve Bank of India has allowed payments for exports and imports between India and other countries in rupees, a move that will facilitate trade with countries such as …

  • Economy

    Drunk passenger on Air India’s Delhi-London flight beats up flight attendant

    by IN Bureau July 12, 2022
    by IN Bureau July 12, 2022

    <p> A drunk passenger aboard an Air India flight from Delhi to London beat up a male cabin crew member, leaving him with a bloodied ear and head injury.</p> <p> …

  • Economy

    Rs 500 crore black money trail unearthed in tax raid on two top Bengaluru & Hyderabad real estate groups

    by IN Bureau July 11, 2022
    by IN Bureau July 11, 2022

    <p> THe Income Tax Department has detected a black money trail of over Rs 500 crore in search and seizure operations carried out on two leading real estate groups of …

  • Economy

    Euro, the EU currency is likely to keep losing sheen amid Ukraine war

    by Mahua Venkatesh July 11, 2022
    by Mahua Venkatesh July 11, 2022

    <p> <strong>Your travel to Europe for work or holiday could be cheaper now as the Euro continues to lose its sheen. But there’s a caveat. Be prepared to stay without …

  • Economy

    After the Ukraine war, is Europe now staring at a food crisis?

    by IN Bureau July 11, 2022
    by IN Bureau July 11, 2022

    <p> <strong>Amid the ongoing Russia-Ukraine war which has already pushed up food and fuel prices, Europe’s farmers have launched massive protests as several countries in the continent push for organic …

  • Economy

    Bankrupt Sri Lanka’s economic crisis to deepen further as IMF talks are delayed

    by IN Bureau July 10, 2022
    by IN Bureau July 10, 2022

    <p> <strong>The International Monetary Fund (IMF) which has been in talks with bankrupt Sri Lanka for a rescue package said it is closely monitoring the situation in the island nation …

  • Economy

    Pakistan’s forex reserves fall below the critical $10 billion mark as economy goes into free fall

    by IN Bureau July 10, 2022
    by IN Bureau July 10, 2022

    <p> <strong>Economic crisis in Pakistan is deepening. After its foreign exchange reserves got a boost with an amount of $2.3 billion from a consortium of Chinese banks flowing in, its …

  • Economy

    Will Bangladesh’s garment industry find new markets in Asia as West could restrict access?

    by Mahua Venkatesh July 10, 2022
    by Mahua Venkatesh July 10, 2022

    <p> <strong>Will Bangladesh aggressively scout for newer export markets for its readymade garment sector?  At present about 80 per cent of exports of RMGs are directed to the US and …

  • Economy

    Europe preparing for dark and cold days as Nord Stream 1 to shut down for maintenance

    by IN Bureau July 10, 2022
    by IN Bureau July 10, 2022

    <p> <strong>Come Monday, Europe’s key gas pipeline Nord Stream 1 will be shut down for 10 days for maintenance at a time when the continent is already reeling under shortage. …

  • Economy

    Tax raid on big pharma group in Delhi-NCR detects Rs 139 crore black money trail

    by IN Bureau July 8, 2022
    by IN Bureau July 8, 2022

    <p> The Income Tax Department has unearthed a black money trail to the tune Rs 139 crore in a search and seizure operation on a business group engaged in the …

  • Economy

    Pakistan could face mass hunger as land use for crops drops

    by Mahua Venkatesh July 8, 2022
    by Mahua Venkatesh July 8, 2022

    <p> <strong>Concerns over food security are deepening in Pakistan as its all-important agriculture sector is staring at several challenges including climatic changes, shrinking cultivable area, domestic shortage of water and …

  • Economy

    Rs 80 crore black money trail unearthed in tax raid on Odisha black stone mining and trading group

    by IN Bureau July 7, 2022
    by IN Bureau July 7, 2022

    <p> The Income Tax Department has unearthed black money to the tune of Rs 80 crore in a search and seizure operation on a business group engaged in the mining, …

  • Economy

    As an energy crisis rocks Bangladesh, will Russia become a saviour?

    by Mahua Venkatesh July 7, 2022
    by Mahua Venkatesh July 7, 2022

    <p> <strong>After Sri Lanka and Pakistan, a fuel crisis is now brewing in Bangladesh as global energy prices continue to remain at elevated levels despite a drop in the WTI …

  • Economy

    Sri Lanka reaches out to sanction-hit Russia for help

    by IN Bureau July 7, 2022
    by IN Bureau July 7, 2022

    <p> <strong>Sri Lanka has reached out to Russia for assistance notwithstanding the stringent sanctions thrashed out by the US and EU against the latter. Colombo is keen to resume flight …

  • Economy

    Govt red-flags SpiceJet as 8 planes develop technical snags in 18 days while flying

    by IN Bureau July 6, 2022
    by IN Bureau July 6, 2022

    <p> An unusually high number of technical snags in SpiceJet planes which put passengers at risk, has prompted the aviation regulator DGCA to seek an explanation from the airline.</p> <p> …

  • Economy

    Sri Lanka’s economic mess to continue till 2023, says Wickremesinghe

    by IN Bureau July 6, 2022
    by IN Bureau July 6, 2022

    <p> <strong>Sri Lanka, which is in the middle of an unprecedented economic crisis hit by food and fuel shortage, is unlikely to see its situation changing in the near future. …

  • Economy

    China competition and benign regional role will push India to growth: Business risk analyst Supriya Ravishankar

    by Rahul Kumar July 6, 2022
    by Rahul Kumar July 6, 2022

    <p> The Indian economy will eventually pick up despite inflation and challenges like domestic strife. On the other hand, there is a looming global unrest as public resentment against governments …

  • Economy

    People in Pakistan forced to live without electricity for more than 10 hours as power crisis intensifies

    by IN Bureau July 5, 2022
    by IN Bureau July 5, 2022

    <p> <strong>Driven by the global energy crisis in the wake of the Russia-Ukraine war, power outages are intensifying in cash starved Pakistan with many urban places having to live without …

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