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Economy

  • Economy

    Adamant Erdogan’s refusal to hike interest rates batters Turkey’s economy

    by Mahua Venkatesh February 21, 2022
    by Mahua Venkatesh February 21, 2022

    <p> <strong>Turkey which is battling high inflation and falling currency value has another challenge now: widening current account deficit– the difference between inflows and outflows of foreign exchange in the …

  • Economy

    Political turmoil in Thailand–Survey shows many citizens want change of guard

    by IN Bureau February 20, 2022
    by IN Bureau February 20, 2022

    <p> <strong>A survey in Thailand aimed at assessing the country’s mood and opinions on the impact of the current economic situation, has indicated that the crisis could possibly lead to …

  • Economy

    India-UAE trade agreement will create 10 lakh jobs: Goyal

    by IN Bureau February 20, 2022
    by IN Bureau February 20, 2022

    <p> <strong>After India and UAE signed the much-awaited Comprehensive Economic Partnership Agreement, Union Commerce and Industry Minister Piyush Goyal said that the trade pact will create a minimum of 10 …

  • Economy

    Want to make South Asia the next Asian Tiger? Seamless movement of vehicles between Bangladesh, Bhutan, Nepal and India would be a must

    by Mahua Venkatesh February 20, 2022
    by Mahua Venkatesh February 20, 2022

    <p> <strong>As India and its neighbouring countries now focus on speeding up economic recovery in the post Covid 19 pandemic phase, timely implementation of the much awaited Bangladesh-Bhutan-India Nepal (BBIN) …

  • Economy

    Former NSE chief Chitra Ramkrishna & Spirtual Guru’s Seychelles link under scanner

    by IN Bureau February 19, 2022
    by IN Bureau February 19, 2022

    <p> A mention of travel to Seychelles, which is both a low tax jurisdiction and tourist hotspot, in the emails sent by the purported Spiritual Guru to former National Stock …

  • Economy

    The top cities where India’s dollar-millionaires reside & how they spend their money

    by IN Bureau February 18, 2022
    by IN Bureau February 18, 2022

    <p> Mumbai has the highest number of dollar-millionaire households in the country, followed by Delhi and Kolkata, according to the latest Hurun Wealth Report released today.</p> <p> The report states …

  • Economy

    China’s stringent zero-Covid policy boomerangs–no sign that the economy is reviving

    by IN Bureau February 18, 2022
    by IN Bureau February 18, 2022

    <p> <strong>As the world is now opening up, China, which until now was following a zero covid policy with several stringent restrictions, could have relook at its measures. The stringent …

  • Economy

    Owners of Wagon R cards in Sri Lanka may have to drive without mirrors

    by IN Bureau February 18, 2022
    by IN Bureau February 18, 2022

    <p> <strong>Amid an acute financial crisis in Sri Lanka, demand for side mirrors of Suzuki’s Wagor R is on the rise. But as the cash strapped island nation imposed bans …

  • Economy

    Oil prices could cross $100 a barrel if Iran nuclear deal is not reached

    by Mahua Venkatesh February 18, 2022
    by Mahua Venkatesh February 18, 2022

    <p> <strong>Amid rising geopolitical tensions that have pushed up global oil prices, all eyes are now on Iran. Though in the last few days, global oil prices have somewhat eased …

  • Economy

    Sri Lanka’s industrial production shows some sign of an uptake in December

    by IN Bureau February 17, 2022
    by IN Bureau February 17, 2022

    <p> <strong>Sri Lanka’s industrial production in December has shown some signs of revival. Official data indicated that the country’s Index of Industrial Production (IIP)- an indicator of the manufacturing activities—stood …

  • Economy

    Is India’s gaming industry set to take off and create jobs for Gen-Z?

    by Mahua Venkatesh February 17, 2022
    by Mahua Venkatesh February 17, 2022

    <p> <strong>Worried Indian parents across all segments have typically asked their children to stay off video games—but that was until the Covid 19 pandemic broke out two years ago. It …

  • Economy

    Income Tax Dept. conducts search at former NSE chief Chitra Ramakrishna’s Mumbai residence

    by IN Bureau February 17, 2022
    by IN Bureau February 17, 2022

    <p> The Income Tax Department on Thursday carried out searches at the Mumbai residence of Chitra Ramkrishna who was earlier the managing director and chief executive officer of the National …

  • Economy

    Bangladesh envoy meets Power Minister, seeks India’s support to develop hydropower

    by IN Bureau February 16, 2022
    by IN Bureau February 16, 2022

    <p> <strong>Bangladesh is looking for India’s support to enhance trilateral cooperation between New Delhi, Thimpu and Dhaka in the area of hydropower.</strong></p> <p> Muhammad Imran, Bangladesh’s High Commissioner to India …

  • Economy

    PLI scheme is a masterstroke–it would reduce dependence on China and add billions to India’s GDP: SBI report

    by IN Bureau February 16, 2022
    by IN Bureau February 16, 2022

    <p> <strong>Adequately leveraging the Narendra Modi government’s production-linked incentive (PLI) scheme would help India add billions into its gross domestic product.</strong></p> <p> The State Bank of India’s (SBI) ecowrap—its economic …

  • Economy

    India rushes diesel to Colombo as cash-strapped Sri Lanka runs out of fuel

    by IN Bureau February 16, 2022
    by IN Bureau February 16, 2022

    <p> <strong>India has delivered 40,000 metric tonnes of fuel to cash strapped Sri Lanka to help it in preventing disruption of diesel supply.  The consignment was handed over by the …

  • Economy

    China’s new headache– creating jobs for about 10.76 million students graduating this year

    by Mahua Venkatesh February 15, 2022
    by Mahua Venkatesh February 15, 2022

    <p> <strong>Amid slowing economy and sporadic Covid 19 restrictions, about 10.76 million students graduating this year will enter China’s job market. For Beijing, employment generation will remain a crucial challenge …

  • Economy

    Vedanta-Foxconn JV may just be the beginning of India-Taiwan tech partnership

    by Mahua Venkatesh February 15, 2022
    by Mahua Venkatesh February 15, 2022

    <p> <strong>At a time when global shortage of semi conductors has hit production of electronic items including smartphones and vehicles, the newly inked joint venture between the Anil Agarwal-led Vedanta …

  • Economy

    Taiwan electronics giant Foxconn forms JV to make chips in India

    by IN Bureau February 15, 2022
    by IN Bureau February 15, 2022

    <p> Taiwan's electronics giant Foxconn has entered into partnership with Anil Agarwal-led Vedanta Ltd to make chips in India, as part of the new supply chains that are developing following …

  • Economy

    UK economy expands 7.5% in 2021 after a 9.4% contraction in 2020

    by IN Bureau February 14, 2022
    by IN Bureau February 14, 2022

    <p> <strong>The UK economy expanded 7.5 per cent in 2021 after contracting 9.4 per cent in 2020. This is the fastest expansion for the UK since World War II. Though …

  • Economy

    Chitra Ramkrishna as NSE chief was a puppet in hands of ‘Spiritual Guru,’ says SEBI report

    by IN Bureau February 14, 2022
    by IN Bureau February 14, 2022

    <p> In a case of "bizarre misconduct", Chitra Ramkrishna as the CEO of National Stock Exchange (NSE), shared confidential information including financial projections, business plans and board agenda with a …

  • Economy

    Indian tourists flock to Sri Lanka, as Colombo resumes visa on arrival facility

    by IN Bureau February 14, 2022
    by IN Bureau February 14, 2022

    <p> <strong>For cash strapped Sri Lanka, the start to this year has been promising with foreign tourists beginning to arrive. And India was the second largest source of tourist traffic …

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