ECONOMY

ECONOMY

India plans trade deal talks to boost exports to China


India is devising a plan to boost shipments of around 200 products to China and narrow the deficit with its biggest trading partner, a person with knowledge of the matter said. The plan includes seeking duty waiver on... More

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 exports ($10 billion)... 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 on Friday that... 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 2018-19 fiscal year.A... 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 for investors and... 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 capital deficit in... 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 2016 and 2017,... 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 the Central Statistics... 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 of the currency... 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 when they are... 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 with the world’s... 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 Saeed Al Malikiy,... 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 the decision was... 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, over the past... 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 - are primed to... More

COLUMN

Regulators and conflict of interest

A governmental body created by a legislature to implement and enforce specific laws, a "Regulatory Agency" or a "Regulator" would usually have quasi-legislative functions, executive functions, and judicial functions. Many laws govern social and economic matters, such as income tax, environmental laws, occupational health and safety laws, real estate law, employment laws, etc. A regulatory agency serves two primary functions in govt: implement the laws and enforce the same. Regulations... More

Is Bangladesh an online state?

Bangladesh is an online state with an incredibly high number of virtual citizens. Few can match them in enthusiasm, participation and enjoyment of what the online world offers, good or bad. Much great stuff happens on the net but so does nasty stuff. It’s also a great producer of cultural and otherwise, not to mention, political ones. The recent spate of actions against online content considered “harmful” have spiked, which,... More

How China might undo Saudi plans for Iran?

The recent Saudi bid to increase its economic and political influence in South Asia (Pakistan and India) is, as I pointed out in my previous stories for SAM, largely informed not just by the imperative of a Saudi economic expansion across Asia and avoid economic doom, but also by the objective of snatching Iran’s share of oil market in this part of the world. This is partly one reason... More

Pakistan receives warning from Iran not to join Saudi proxy war

Pakistan has received a stern warning from Iran's Major-General Qasem Soleimani, commander of the Islamic Revolutionary Guard Corps' Qods Force and other senior in the aftermath of the February 13, 2019 attack on their forces by Iranian Baluch militants in the country's restive Sistan and Baluchistan province bordering Pakistan. The new tone from Tehran is a response to Pakistan's recent tilt back toward Saudi Arabia since Pakistan's Prime Minister Imran... More

‘Syndrome 2020’ unleashes a new bid to change the constitution

Myanmar’spro-democracy forces have launched a new bid to change the country’s constitution. With some 18 months left before the 2020 elections, the ruling National League for Democracy (NLD) has initiated a process in parliament it hopes will amend the military-drafted constitution and give the party an important campaigning issue. It is the latest evidence that the country has been plunged into “Syndrome 2020” in the lead up to the... More

VIDEO-INTERVIEW

OUTCOME AND FUTURE OF BMISTEC? & WHAT’S ON THE BALANCE?


The fourth summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), held in Kathmandu on August 30 and 31, was “not fruitful” because of the inherent “weakness” of the regional inter-state institution,... More

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