Image
India's Ministry of Electronics and Information Technology on Saturday shot a letter to Twitter and asked it to share compliance details with the new intermediary guidelines
Political stability must for economic recovery, says Pakistan PM; calls for ‘Charter of Economy’
The IMF’s refusal to revive the $6 billion bailout package over the government’s initial refusal to implement austerity measures made things worse for the government. In recent weeks, the Sharif government has reduced fuel subsidies drastically and increased electricity tariffs.
World Bank cuts India’s 2022-23 growth to 7.5%, but will keep top spot; South Asia growth to get affected
In South Asia as a whole, the report said, “The Russian Federation’s invasion of Ukraine has weighed on growth in the South Asia region (SAR) after a solid recovery in the second half of last year and amplified pre-existing vulnerabilities”
Pakistan plans IT park in Karachi to boost exports and create jobs
Significantly, the country’s IT exports are rising and has already crossed over $2 billion in the first eight months of the current financial year. In 2021, the Overseas Investor Chamber of Commerce and Industry (OICCI) said in its report that the country had the potential of $10 billion in annual IT exports.
Power-surplus Nepal hopes to earn $100 million from electricity exports to India
From Thursday this week, Nepal started selling electricity, around 37 MW to Indian buyers, Nepal Electricity Corporation spokesperson Suresh Bhattarai confirmed to The Kathmandu Post. More bids are invited to sell 200 MW in India’s power exchange market on a long-term basis.
More on Economy-Business
Serum Institute gets preliminary approval to make Sputnik V vaccine
Serum Institute of India (SII) has got preliminary permission from the country's drugs regulator to make the Russian COVID-19 vaccine Sputnik V, reports said
Sri Lanka: Your best post-vaccination rejuvenation destination
A mesmerising Indian Ocean sunset in Galle, snorkelling in the watersport coastal getaway Bentota, trekking to the palace ruins of Sigiriya rock or watching elephant herd shower in Pinnawala, Sri Lanka packs a world of experiences
Amul asks PM Modi to ban PETA, alleges conspiracy to malign Indian dairy sector
Amul vice-chairman Valamji Humbal has asked Indian Prime Minister Narendra Modi to ban People for the Ethical Treatment of Animals (PETA) after the NGO suggested to the Indian dairy giant Amul to capitalise on what it called India’s and the whole world’s readiness for vegan milk and food instead of animal-sourced products
Hyderabad based Biological E. inks deal with Canadian company to manufacture mRNA vaccines
Hyderabad's Biological E. Limited has inked an agreement with Canada-based Providence Therapeutics to manufacture in its units mRNA coronavirus disease (Covid-19) vaccine, and run a pivotal trial in India for the jab
GoAir signs MoU with Jammu & Kashmir government for transportation of perishable fruits
The Jammu and Kashmir Horticulture Department has signed Memorandum of Understanding (MoU) with airline carrier GoAir for transportation of perishable horticulture and agricultural produce to various destinations across the country
India’s Adani Group to get 51 percent stake in planned new terminal of Sri Lanka’s Colombo port
India’s Adani Group will get a 51 percent stake in a planned west container terminal at Sri Lanka’s Colombo port under a 35-year build-operate-transfer concession, a media report said
Indian American tech company admits to H1-B visa fraud involving Indians
An Indian-American technology company has admitted to committing fraud to bring Indians on the coveted H1-B visas to the US, according to a federal prosecutor
IFFCO introduces the 'world’s first' Nano Urea
What is claimed to be the world’s first Nano Urea Liquid was introduced for Indian farmers by the Indian Farmers Fertiliser Cooperative Limited (IFFCO) Monday
Indian corporates low on optimism, ask for fresh fiscal package
There is a sharp deterioration in the optimism level of corporate India, with companies feeling the need for another fiscal package, on the back of a sweeping second wave of the Coronavirus infection, says the country’s leading trade body, Federation of Indian Chambers of Commerce & Industry (FICCI)
SII to supply 90 to 100 million Covishield doses in June
The Serum Institute of India (SII) has said it will be able to manufacture and supply 90 to 100 million doses of Covishield in June, reports said
Concerned about freedom of speech, intimidation in India: Twitter
After its offices were raided in India, global social networking giant Twitter has expressed its concerns about its "employees" in the country, "freedom of speech" and "intimidation tactics by the police"
India-Bangladesh joint venture to set up garment accessories and bag manufacturing unit
India-Bangladesh joint venture company Khyaati Leather Innovations BD Limited has signed an agreement with Bangladesh Export Processing Zones Authority (BEPZA) to establish a garments accessories and bags manufacturing unit in Ishwardi EPZ, at Pakshay in Pabna district of Bangladesh, with an investment of USD 2.95 million, reports BSS
UAE seeks investment from Indian pharma companies
The United Arab Emirates has sought Indian investment in the pharmaceutical sector and promised to support any such venture
Indian-origin perfume maker charters flight to save his Dubai business
A Dubai-based Indian origin businessman, who got stranded on a trip to his village in Assam state after UAE banned flights from Covid 19 battered India, spent Dh 277,000 (USD 75,415.91) to charter a flight for his eight-member family to Dubai to save his business, his son has revealed
Newsletter Subscription
SAM Facebook