Economy

Physical gold demand in India this week surged as local prices dropped to their lowest levels since June last year, with buying expected to pick up in other Asian centres after the Chinese Lunar New Year holiday week.

"We must promote the spirit of the ox in serving the people, driving innovative development and working tirelessly,” Chinese President Xi Jinping said in his message on Chinese New Year’s Day

This article is an excerpt from Bangladeshi economist and freedom fighter Prof. Rehman Sobhan’s speech at the “Bay Of Bengal Economic Dialogue 2021” organized by the South Asian Network. Courtesy: South Asian Monior/Foreign Policy

The Indian private sector requires stable and predictable regulatory and economic policies and an enabling business environment, says India’s Deputy High Commissioner, Vinod K.Jacob.

“In India, it’s not just a farmer protest any more. It’s infiltrated the lives of common people. When that happens, those in power have to bend. But I don’t know at what cost and I don’t know when,” says Sukhcharan Singh of Yuba City told The Guardian

Sri Lankan Prime Minister Mahinda Rajapaksa told Daily Mirror: “ We need the second tier of political representatives. People are used to the system,” though a section of the government is against the two-tier system

Further extension requires Sri Lanka to successfully negotiate a staff level agreement for an IMF program, which it does not have at present, Indian High Commission points out.

With a strong rebound expected in the second half of FY 2020-21 (October 2020 to March 2021), the Indian economy is well on course towards realizing this goal.

The U.S. economy likely contracted at its sharpest pace since World War Two in 2020 as COVID-19 ravaged services businesses like restaurants and airlines, throwing millions of Americans out of work and into poverty.

Two of India's richest men have landed in an unlikely controversy over farming laws, becoming targets of protesters who allege the tycoons have benefited from their close links to Prime Minister Narendra Modi