An Indefinite Lock-down Is Announced In Bhutan Impacting the Economy
Bhutan announced a nationwide lockdown on Tuesday. The decision is a measure to contain the spread of COVID-19 in the country. This indefinite lockdown is put in place for the first time in the country since the pandemic. This would pause the transit movement between India and Bhutan. A senior police officer at one of […]
Bangladesh-Nepal\’s Transit Agreement is amended To Include a New Rail-Route in an Effort towards Trade Expansion
The government of Bangladesh has introduced a new rail-route in the pre-existing Bangladesh-Nepal\’s transit agreement. The decision will boost-bilateral trade. As the transit distance will reduce. Rohonpur in Chapainawabganj is added to the transit protocol as an additional passageway to and from Nepal. Cabinet Secretary Khandker Anwarul Islam, during a media briefing at the secretariat, […]
Pakistan gets a leg-up in trade with Italy, a 3.13% trade surplus is recorded for FY20
Pakistan has witnessed a trade surplus with Italy of 3.13 pc during the fiscal year 2019-2020 against the previous fiscal year.
India Struggles over Financially Inclusive Economy without Generating Fresh Bad Loans
Manish Sabharwal in his opinion piece has jotted down criticism of the conventional approach towards financial Inclusion. Additionally, being the co-founder of Team lease services, an India-based company providing human resource facilities to a range of industries, he believes that credit financing or moratoriums would not aid a strained economy. “A modern economy grows by […]
Negative Economic Growth Recorded for the First Quarter of FY 2020 for Sri Lanka
Sri Lanka’s economic growth has reduced by negative 1.6 percent in the first quarter of 2020. 3.7% increase was recorded for the first quarter in 2019, reveals the official data. The department of census and statistics (CDS) revealed the data on Wednesday, over the summary GDP indicators for the first quarter. The quarter began on […]
Exports and Remittance, Two Linchpins of The Bangladesh Economy Outperform the Target in July
Bangladesh has taken a reverse course in combating the pandemic in contrast to the developing countries in the region. The remittance and export data for July have climbed significantly rendering the fears obsolete. It was initially anticipated that the two linchpins of the economy, exports, and remittance, would experience a fall down in response to […]
India Ponders over Stopping Rerouted Chinese Goods from Entering the country
Chinese goods Two of the officials from the government have claimed to take measures over curbing the entrance of re-routed Chinese goods to India. The preventive measures are underway to ensure that the trading partners won’t bring the neighbours good to India. Moreover, both the countries have not been at good terms lately, the sour […]
Bangladesh Could Witness a 27.8% Decline in Remittances due to COVID-19 ADB
Asian Development Bank (ADB) Remittance could fall by 27.8% for Bangladesh in the worst-case scenario following a pandemic. Since a hike in job losses and trimmed payrolls says Asian Development Bank (ADB). Moreover, the average remittance decline was 19.3 % in the global financial crisis,2009. The decline was of 2.7% for the remittance inflows in […]
Royal Monetary Authority Bhutan Releases Monetary Policy Statement 2020
In a press release on Thursday, July 23, the Royal Monetary Authority of Bhutan issued a monetary policy statement for 2020.
India Set To Upscale Its GDP Growth via Artificial Intelligence
India’s GDP is likely to upscale by 2.5 % with a unit increase in artificial intelligence. According to a report launched by the National Association of Software and Services Companies in collaboration with Google and think tank ICRIER. AI Intensity measure The ratio of AI to total sales of the firm is what determines AI […]