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Economy

  • Economy

    Indian economy on the mend but policymakers need to be watchful amid high crude prices

    by IN Bureau June 2, 2022
    by IN Bureau June 2, 2022

    <p> <strong>India’s economy is on the mend in the post Covid phase.</strong></p> <p> <strong>According to data, credit growth in the first two months of the financial year has been robust, …

  • Economy

    Pakistan, Turkey promise to boost trade but will it help Islamabad steer out of the current economic crisis?

    by Mahua Venkatesh June 2, 2022
    by Mahua Venkatesh June 2, 2022

    <p> <strong>Cash starved Pakistan and its long term ally Turkey have recently renewed their pledge to deepen trade relations. Pakistan Prime Minister Shehbaz Sharif who is in Turkey set a …

  • Economy

    Pakistan is staring at a fuel crisis as supply chains blow up

    by IN Bureau June 1, 2022
    by IN Bureau June 1, 2022

    <p> <strong>Pakistan is staring at a fuel crisis driven by a massive disruption in the supply chain network. According to reports, international banks are unwilling to accept letters of credit …

  • Economy

    South Korea “respects” India’s decision to ban wheat exports–Ambassador

    by Mahua Venkatesh June 1, 2022
    by Mahua Venkatesh June 1, 2022

    <p> <strong>The recently inked Indo Pacific Economic Framework is expected to give a boost to the global economy and ease supply chain network, South Korea’s ambassador to India Chang Jae-bok …

  • Economy

    Centre releases Rs 86,912 crore to states for meeting shortfall in tax collection

    by IN Bureau June 1, 2022
    by IN Bureau June 1, 2022

    <p> The central government on Tuesday released Rs 86,912 crore from its coffers to clear the entire amount of GST compensation payable to states up to May 31, 2022, according …

  • Economy

    China’s economic crisis hits countryside after rural banks are told to freeze withdrawals

    by Mahua Venkatesh May 31, 2022
    by Mahua Venkatesh May 31, 2022

    <p> <strong>An unprecedented cash crisis is emerging in China’s hinterland.</strong></p> <p> <strong>Deposits of several rural banks have remained frozen for more than a month now. These banks are Yuzhou Xinminsheng …

  • Economy

    World Bank’s assistance to Sri Lanka will provide Wickremesinghe the much needed breather

    by IN Bureau May 31, 2022
    by IN Bureau May 31, 2022

    <p> <strong>The World Bank loan of $700 million to cash strapped Sri Lanka will provide the Ranil Wickremesinghe government the much-required breather till it finalises a bailout package with the …

  • Economy

    With an eye on inflation, govt bans exports of sugar, makes imports cheaper for crude soybean and sunflower oil

    by IN Bureau May 25, 2022
    by IN Bureau May 25, 2022

    <p> <strong>India has decided to focus on cooling inflation, driven in large measure by the Russia-Ukraine war. After imposing a ban on wheat exports, the government has now decided to …

  • Economy

    Chennai’s LooCafe – a hybrid model where a thriving restaurant funds clean toilets

    by IN Bureau May 25, 2022
    by IN Bureau May 25, 2022

    <p> <strong>Expenses involved in maintaining a clean toilet has always been vital factor in providing a hygienic utility for people. Now that is changing as for example, LooCafe in Chennai …

  • Economy

    Mantra of self reliance to remain at the core even as India joins the Indo-Pacific Economic Forum

    by Mahua Venkatesh May 24, 2022
    by Mahua Venkatesh May 24, 2022

    <p> <strong>The 13 member Indo Pacific Economic Framework (IPEF), kicked off at the QUAD summit in Tokyo, is an emphasis of the growing importance of regional blocs and their functioning …

  • Economy

    Petrol price in Sri Lanka shoots up to Rs 420 a litre as inflation skyrockets

    by IN Bureau May 24, 2022
    by IN Bureau May 24, 2022

    <p> Skyrocketing inflation in crisis-ridden Sri Lanka pushed up the price of petrol to an exorbitant Rs 420 per litre while that of diesel rose to Rs 400 on Tuesday.</p> …

  • Economy

    PM Modi spells ‘ Make in India for the world’ mantra to woo Japanese investors now wary of China

    by IN Bureau May 24, 2022
    by IN Bureau May 24, 2022

    <p> <strong>“Make in India for the World” – that was Prime Minister Narendra Modi’s message to the Japanese business community. Modi, during his two day visit to Tokyo to attend …

  • Economy

    Amid geopolitical shifts, India must be secure and self -reliant in international digital payments: SJM

    by IN Bureau May 24, 2022
    by IN Bureau May 24, 2022

    <p> <strong>Amid heightened geopolitical uncertainties, India’s Aatmanirbhar plank must go beyond manufacturing, the Swadeshi Jagran Manch (SJM) has said.</strong></p> <p> “Payment system is strategic now, given the current situation and …

  • Economy

    China will fail to provide jobs to 10 million fresh graduates due to zero Covid approach

    by IN Bureau May 23, 2022
    by IN Bureau May 23, 2022

    <p> <strong>China’s zero Covid approach could further push the unemployment rate in the coming months. Amid such stringent restrictions, it will be a tough task for Beijing to provide employment …

  • Economy

    Government cracks down on forced service charge at restaurants

    by IN Bureau May 23, 2022
    by IN Bureau May 23, 2022

    <p> <strong>The Department of Consumer Affairs (DoCA) has cautioned restaurants on forced 'Service Charges', saying it's the discretion of the consumer.</strong></p> <p> DoCA has scheduled a meeting on June 2 …

  • Economy

    Modi meets top business leaders in Japan

    by IN Bureau May 23, 2022
    by IN Bureau May 23, 2022

    <p> <strong>Prime Minister Narendra Modi, who is in Tokyo to participate at the QUAD summit at the invitation of his Japanese counterpart Fumio Kishida, is scheduled to hold a roundtable …

  • Economy

    After drop in petrol and diesel prices, will GST and direct tax collections be enough to make up for the loss to the exchequer?

    by Mahua Venkatesh May 23, 2022
    by Mahua Venkatesh May 23, 2022

    <p> <strong>The Centre, which finally drastically slashed domestic fuel prices, is hoping to make up a part of the losses by higher collection of goods and services tax along with …

  • Economy

    Karnataka becomes India’s top FDI destination, CM Bommai now heads to Davos to woo more investors

    by IN Bureau May 22, 2022
    by IN Bureau May 22, 2022

    <p> <strong>Karnataka has overtaken Maharashtra in attracting foreign investors. Karnataka Chief Minister Basavaraj Bommai just before leaving for Davos to participate in the World Economic Forum, said on Sunday that …

  • Economy

    China may reboot its BRI projects – focus more on domestic revival

    by Mahua Venkatesh May 22, 2022
    by Mahua Venkatesh May 22, 2022

    <p> <strong>Amid China’s slowing economy, its much-hyped Belt and Road Initiative is set to be further impacted. China, which is grappling with multiple domestic problems leading to an economic slowdown, …

  • Economy

    Unlike wheat, India’s rice exports are likely to be on course

    by Mahua Venkatesh May 22, 2022
    by Mahua Venkatesh May 22, 2022

    <p> <strong>The ban on Indian wheat exports is not likely to affect the outbound shipment of rice. India, the largest exporter of rice, supplied rice to more than 150 countries …

  • Economy

    Indian Ayurveda products are becoming a rage in China

    by IN Bureau May 20, 2022
    by IN Bureau May 20, 2022

    <p> <strong>Indian Ayurveda practices and Ayurveda products which are essentially organic and natural in nature without any use of chemicals are fast becoming a craze in China’s ever growing beauty …

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