ECONOMY

ECONOMY

India’s trade deficit with China up two-fold in adecade to 2016-17; can...


India’s trade deficit with China increased more than two-fold (219%) from $16 billion in 2007-08 to $51 billion in 2016-17, according to commerce ministry data. India’s imports ($61 billion) from China were six times its... More

Pakistan adds to cryptocurrency curbs


India’s central bank barred banks on Friday from having any links to virtual currency dealers, slashing the prices of bitcoin and other cryptocurrencies on local exchanges. Pakistan’s central bank said in a separate statement late... More

Pakistan seeks bailout from China and Saudis, rather than the IMF


Pakistan plans to seek financial assistance from China and Saudi Arabia to get out of the grave financial crisis it faces to bridge the country’s external account deficit ahead of budgetary proposals for the... More

Sri Lanka determined to agree free trade deal with China and India


Sri Lanka will “redouble” efforts to strike a free trade deal with China and conclude and expanded trade pact with India as part of the island nation’s strategy of becoming an Indian Ocean hub... More

Seven BD banks struggle to finance themselves with Tk 94bn capital deficits


Seven banks of Bangladesh are currently operating with capital deficits totalling over Tk 94 billion until September last year - a crisis that threatens to metastasise into a large-scale banking meltdown. The total amount of... More

Budget 2018: Why record harvests, Govt spending not enough for Indian farmers


 Indian farms produced record harvests in 2017, and the government’s agricultural budget rose 111% over four years to 2017-18. Yet, prices crashed, 8,007 farmers committed suicide in 2015, unpaid agricultural loans rose 20% between... More

GDP growth to slump to 4-year-low is bad news for Modi government


India's gross domestic product (GDP) is expected to grow at 6.5 per cent this fiscal (2017-18) from 7.1 per cent last fiscal - a four-year low - according to the first advance estimates of... More

An ominous new year for India


You’d think the Indian economy had returned to rosy health. It seems to have recovered from two enormous disruptions -- Prime Minister Narendra Modi’s decision just over a year ago to withdraw 86 percent... More

Indian IT companies establishing firm presence in China amid receding US demand


In a first, India's IT industry has joined hands with Chinese authorities to establish the business equivalent of a marriage portal. The matchmaking platform will help Indian companies to obtain contracts at a time... More

China tells India to calm down after Maldives trade deal


India will “do nothing but upset itself” if it tries to prevent closer trade ties between China and the Maldives, Beijing state media has said, days after the tiny island nation approved a deal... More

Saudi delegation to visit Pakistan to explore investment opportunities


A high-level Saudi Arabian delegation will visit Pakistan by the end of this month to explore investment opportunities in the China-Pakistan Economic Corridor (CPEC), Pakistani media reported. The state-run Associated Press of Pakistan quoted Nawaf... More

RBI says no to Islamic Banking in India


In a major move, the Reserve Bank of India (RBI) has decided not to pursue a proposal for introduction of Islamic banking in the country. Replying to an RTI query, the central bank said... More

Banking on a New Stimulus Plan in India


India’s central government is taking a bigger role in managing the country’s financial system through a new stimulus plan that will inject cash into banks and infrastructure. Because of a growing number of nonperforming loans,... More

India, Pakistan, Bangladesh to be 2nd, 15th & 23rd largest economies by...


IMF predicts that world economy will be centered on Asia by the year 2050, shifting from North America, Western Europe and Japan. And three large countries of South Asia- India, Pakistan and Bangladesh -... More

COLUMN

On India’s attempts to woo Russia-EEU into economic union

While the US has been cultivating India as its major ally in the region in what the US officials have tacitly called ‘containment’ of China, prospects of this cultivation have become brighter ever since the recent out-break of trade-war between the US and China. While Indian and US interests strongly... More

Comey’s book and Pakistan’s leaders

James Brien Comey Jr served as Director of the Federal Bureau of Investigation (FBI) for four years till fired by President Donald Trump on May 9, 2017. Trump initially claimed this was because of Comey's mishandling of the investigation into the private email of Hillary Clinton. The overriding perception... More

UN says Nasheed’s trial was flawed, but Maldivian govt maintains it...

The UN Human Rights Committee (UNHRC), which went into the trial of former Maldivian President Mohamed Nasheed had listed the flaws in it and asked the Maldivian government to release him to enable him to contest the September 2018 Presidential election. But the government on Sunday rejected the UNHRC’s observations and recommendations... More

Bangladesh election 2018: is there a Sino-Indian stake?

It’s pretty odd to think that Bangladesh elections should be of any interest to China and India given the complete lack of its strategic value. However, Bangladesh maybe becoming a reluctant pawn of sorts in a regional ‘great game’. China’s rising influence in the region and India’s relative decline in what... More

Tripura’s new pitch for Geo-Economics

Biplab Deb is a BJP chief minister with a difference. In a 40-minute interview with this writer last week, he did not mention even once any of the usual saffron agenda -- Ram Mandir, beef, illegal migration from Bangladesh. "My agenda is development, development, development all the way," he... More

EDITOR'S CHOICE

Iran to team up with China on nuke development if Trump...

As US President Donald Trump decides whether to reauthorize the 2015 Iran nuclear deal, which he has long wanted to exit or renegotiate, Iranian authorities have announced they will be getting help with their nuclear program from China. "Some negotiations have been held on mutual cooperation and building small nuclear... More

Pinarayi and Gadkari link up on development

The American think tank, Carnegie Endowment for International Peace, had featured a riveting ‘curtain-raiser’ to the 2014 poll in India entitled Does Good Economics Mean Good Politics In India? The essay appeared in December 2013 and I’d carefully stored it in my archives, as a fairly prescient analysis of... More

Mutual respect is the key

I will not reach any deal that would go against the national interest of Nepal,” K P Sharma Oli, the prime minister of Nepal, reportedly assured parliamentarians in Kathmandu earlier this week, before heading out to India. That such questions should be asked and answered is a definitive sign... More

Reviving Nepal’s independent foreign policy

The long political transition in Nepal has come to an end with the successful completion of local, provincial and federal elections. A new phase of history beckons Nepal as it has adopted federalism under the new constitution promulgated in 2015. The achievement of economic prosperity has now been prioritized... More

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READER'S VIEW

Gorkhaland, Mamata and the Chinese factor

Just a few days ago I warned two young student leaders in Darjeeling of West Bengal, against the violent movement which has started there for a separate Gorkhaland. I told them in no way should they support this demand. This has multifarious geo-political risks. If a Gorkhaland state is... More