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

Is Modi making up for India’s shortage of diplomats?

Narendra Modi is India's most travelled Prime Minister. The opposition Congress recently wanted his name on the Guinness Book of World Records for the most travelled Prime Minister, mockingly writing," We are overwhelmed and”extremely happy to suggest the name of India’s Prime Minister Narendra Modi who has set the... More

India faces tough choices as the US sanctions Iran

For the Indian policy makers, one of the crucial questions today is of how to walk a balancing act between the US, their prime strategic ally, and Iran, their traditional regional ally and, of course, third biggest supplier of oil.  The question has become even more significant ever since... More

Writing on the Wall

Even a cursory analysis of the three Nawaz Sharif sackings as PM reveals one constant sordid fact, his incurring penchant to listen to a bunch of “unelectable advisors” who constantly feed his already inflated ego about his supposed omni-potency. The 1993 sacking did him wonders, turning an Establishment “puppet... More

Something is broken in Bangladesh: Will it heal?

There is something scared about the relationship between a University, its teachers and students. It is built on trust, obligation, mutual affection and much more. Its as if the teacher is the parent, the campus is the home. A relationship is inherently therefore written into this unwritten contract. It was... More

Myanmar minister’s mission impossible

Myanmar’s new finance minister, Soe Win is determined to revitalize the government’s economic policies and ensure their effective implementation, according to government insiders. Although he has only been in his post for less than two months, there are significant signs that with him at the helm, the government’s commitment... More

EDITOR'S CHOICE

India’s social-media ‘lynch mobs’ pose growing threat

Social-media platforms are often criticized for their susceptibility to toxic dialogue and vicious attacks. It is a problem that India knows well. Just ask External Affairs Minister Sushma Swaraj, whose recent vilification by members and supporters of her own ruling Bharatiya Janata Party (BJP) is a case in point. Swaraj... More

The new trade order

Since the start of the year, U.S. President Donald Trump has lashed out at allies and adversaries alike on trade. Often, as with India, the U.S. has pushed for enhanced security cooperation at the same time it declared trade relations a national security threat. The belligerence has left many... More

One day does not an election make

The much-awaited Gazipur city election is over, the “we-knew-it-from-before” polls results are upon us, the “impartiality” of the police and the “neutrality” of the civil administration have once again been demonstrated, the never-too-late-to-follow “certificate” of the Election Commission has been delivered and, of course, our democracy now stands “strengthened”. As... More

The PDP-BJP coalition was an unnatural and opportunistic alliance

The BJP pulled out of the coalition government and the other partner, the PDP, had no choice but to resign. The BJP pulled out of the coalition government and the other partner, the PDP, had no choice but to resign. Only a few weeks ago I had poured out my... 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