More on Economy/Business

India extends additional $15 mn grant for Greater Male Connectivity Project

India has extended an additional US$15 million for the construction of the Thila-Male Bridge, a 6.74 km-long bridge and causeway link between Male and nearby islands of Villingli, Gulhifalhu and Thilafushi

Tata Steel executes inaugural blockchain-enabled trade between India and Bangladesh

Tata Steel has executed a blockchain-enabled paperless export order with a metals major in Bangladesh

India, US to integrate economies, sort out trade irritants

India and the United States on Tuesday outlined a roadmap for integrating the two economies across sectors and move towards an ambitious future for trade relations

World Bank loan for India to improve quality of learning in Andhra Pradesh

India has signed a US$ 250 million loan agreement with the World Bank to improve the quality of learning for over five million students across Andhra Pradesh state in southern India

Indian firm CARS24 signs major property deal in Dubai

The Jebel Ali Free Zone in Dubai has seen one of the biggest deals signed for commercial property in recent times, with Indian firm CARS24 leasing one million square feet facility

IMF likely to revive $6 billion bailout package to Pakistan soon; relief for country's economy

The International Monetary Fund (IMF) and the Pakistan government have reached a staff-level agreement for the revival of the $6 billion Extended Fund Facility (EFF) which has been stalled due to the pending review since April this year, the global lender said on Monday

India could gain from VC investment flows in edtech, fintech as China investment slows: KPMG report

Shifting regulations targeting specific sectors like edtech and fintech in China could drive venture capital investments in other parts of Asia and India would have a lot to gain going forward in the October to December (Q4) quarter of 2021, as VC investment is likely to remain slow in a number of sectors in China, UNI news agency said

ADB approves USD 150 million to fund 30,000 small enterprises in Bangladesh, 20 percent to women-led microbusinesses

The Asian Development Bank (ADB) has approved USD 150 million in loans to Bangladesh to finance the cottage, micro, and small-sized enterprises (CMSEs) operated by youth, returning migrant workers, and rural entrepreneurs, particularly women, who have been hit hard by the COVID 19 pandemic

Indian yoga guru ventures into media, to launch TV channels in Nepal

Indian yoga guru Baba Ramdev's Rs 10,000-crore FMCG is making its foray into media and two channels are to be launched Friday in the presence of Nepal Prime Minister Sher Bahadur Deuba and Indian Transport and Highways Minister Nitin Gadkari in Kathmandu

Australia hopes to tap projected USD 1 trillion India's digital economy through Bengaluru consulate

Australia is geared to tap the projected USD 1 trillion Bengaluru-centric India's digital economy by establishing a new Consulate General in Bengaluru, known as India's tech capital

IMF seeks tax hike and reforms before reviving Pakistan's $6 billion package

The International Monetary Fund (IMF) has sought an increase in taxes and other reforms from the Pakistan government before reviving its $6 billion bailout package for the country

India-Bhutan buyer-seller meet to build on bilateral business and trade

India’s ‘Neighbourhood First’ foreign policy is finding resonance in industry efforts to ramp up trade and bilateral relations with countries in India’s close proximity

Pakistan's preferential trade access in peril as EU asks Islamabad to work on human rights

Pakistan needs to do more on the rapid implementation of international human rights conventions, said a senior European Union official, if Islamabad wanted the continuation of its Generalized Status of Preference (GSP) Plus status, a system under which most Pakistani goods enjoy duty-free access to the EU market

Drones may soon be delivering food orders in Pakistan’s capital

If everything goes right, customers in Pakistan’s capital Islamabad may soon be getting their food orders via drones

Mukesh Ambani's Reliance arm acquires Sri Lankan brand

RRVL, the retail arm of Indian billionaire Mukesh Ambani, has acquired a 100% stake in the Sri Lankan brand amanté from MAS Holdings