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.
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”
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.
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.
India’s hiring rate recovered moderately from 10 per cent in April to 35 per cent in May, but working women and young professionals still remain vulnerable to economic turbulence and burnout is a reality, according to LinkedIn, the global professional networking platform
Nine in 10 Indians strongly believe that digital wallets have made shopping easier and a vast majority (98 per cent) of those surveyed have shopped at an online-only retailer in the past 12 months, a new global report has revealed
Bangladesh said they were closely following the development of the Colombo Port City in Sri Lanka, and would facilitate Bangladesh business entities interested in investing in the project
In a step towards boosting horticultural crops exports, a first commercial shipment of Mishri cherries from Kashmir valley has been exported to Dubai from Srinagar
Representatives of e-tailers, including Amazon and Tata, have approached the Indian government over new e-commerce laws announced in June that were perceived to be detrimental to their business models
India has shipped the first consignment of about 4,000 tonnes of coal to Bangladesh for Rampal Power Plant in Khulna district
The Walt Disney Company, the US entertainment giant, has decided to take apparel from Bangladesh again after nearly a decade-long suspension following incidents of a deadly fire and building collapse
India's IT Minister Ravi Shankar Prasad, whose ministry has had a running war with a recalcitrant Google, has said removal of offensive posts by social media platforms like Facebook, Instagram and Google in pursuance of the new IT rules is a "big step towards transparency"
Bharat Biotech has said its COVID-19 vaccine COVAXIN has shown 77.8 per cent effectiveness against the virus.
The company made the claim citing the data from the third phase of clinical trials
Facebook took down over 30 million content pieces across 10 violation categories and Instagram took action against about two million pieces across nine categories during May 15-June 15 in the country, the social media giant said in its maiden monthly compliance report as mandated by the Indian IT rules
A total of 130 countries have reached a US-backed pathbreaking international framework for taxing multinationals at 15 per cent global minium tax and could end potential trade wars over the taxing of tech giants
UAE's second flag carrier Etihad Airways has extended its ‘Verified To Fly’ travel document initiative, enabling travelers to validate their Covid-19 travel documents before arriving at the airport, to routes across its global network
Brazil has announced the suspension of the $324 million contract to buy 20 million doses of Bharat Biotech's anti-COVID-19 vaccine, Covaxin, some media reports said
Abu Dhabi National Oil Company (ADNOC) Tuesday announced that India's Reliance Industries Limited (Reliance) has signed an agreement to venture into a new world-scale Chlor-alkali, ethylene dichloride, and polyvinyl chloride (PVC) production facility at TA’ZIZ in Ruwais, Abu Dhabi
Indian bicycle maker Hero Cycles has delivered its first batch of Made in India e-bikes of around 200 units to Germany
