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

Trump’s melodrama vis-à-vis Pakistan meets ground realities

The Trump administration's renewed push to seek Pakistan's help in bringing the Afghan Taliban to the negotiating table comes as a striking contrast to what the US president had only very recently said in one of his interviews about Pakistan not doing anything in Afghanistan to help the US win the war, or even get out of it. Coming from a president who is famous for his unpredictable habit of... More

Imran Khan needs better advisers

One of the central problems of Imran Khan’s government is the quality and commitment of his range of advisers, not only for day-to-day politics but for short and long-term decision-making processes. The PM has been more than once given the perception of taking off-the-cuff decisions through speeches and interviews. Even good advisers do not matter until there is a due process for diligence and analysis to not only sort... More

In Bangladesh, a poor politician is of no use to anyone

In Dhaka’s swirling political speculations and gossip, the latest is about who among the electoral candidates is wealthy and who is not. On paper, many have declared their wealth and almost none have been found credibility among the public. They know that to survive in politics you need to make and spend a lot of money which, going by wealth levels, would be impossible. Politics is not just about power... More

Hunt with the hound, swim with the crocodile

On the sidelines of the G20 conference in Argentina, there were two very important summits. One involved US President Donald Trump, Japanese Prime Minister Shinzo Abe and Indian Prime Minister Narendra Modi. This was the first trilateral that brought Modi and Trump together. “The relationships between our three countries is extremely good, extremely strong. I think, with India, maybe stronger than ever. And with Japan, I think, stronger than ever,” Trump said, as... More

India’s dead-end Afghan policy

While India has been investing in Afghanistan for several years, the changing dynamics of the Afghan war indicate that this economic, political and diplomatic investment may not yield the desired results after all. First and foremost, India’s Afghan-policy has been driven by the imperative of having a strong presence on Pakistan’s western border, which India has been able to pursue—and aims to continue—with the help of Kabul. But 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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