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Economy and Business

The slowdown in India’s GDP growth to 5.3 per cent in the last quarter of the current fiscal year is alarming because the country has come to be known globally as a fast-growing emerging economy. For the past five years it has experienced much higher growth rates of around 8 per cent

 

The State Bank of Pakistan has been busy denying rumours that its copper and aluminium coins contain gold. Apparently, some clever businessmen have been telling Pakistanis that their copper and aluminium coins are worth much more because the SBP has put gold in them, and that once enough people find this out and install hearths in their houses to melt the coins, they will disappear from circulation.

 
Under the production sharing contract, signed among state-run Myanmar Oil and Gas Enterprise, Singapore's Istech Energy EP-5 Pte Ltd and Myanmar private-owned Smart Technical Services Limited, exploration will be made onshore at block EP-5 in Inpin Tegyigon area, reported Xinhua. It is the sixth contract of its kind reached after Myanmar's energy ministry invited international tenders for exploration on 18 inland blocks nearly a year ago.

 

 

Senior officials from India and Bangladesh Saturday started a five-day joint study to examine facilities and infrastructure along the border and suggest measures to boost cross-border trade. "We will study the available facilities and infrastructure, and what more is needed to boost India-Bangladesh trade and business," Foreign Trade Director (South Asian, SAARC countries and Iran) Indira Murthy told reporters here.

 

Australia will double its aid to Myanmar to about $98 million by 2015, Australian Foreign Minister Bob Carr has said.

 

Senior officials from India and Bangladesh Saturday started a five-day joint study to examine facilities and infrastructure along the border and suggest measures to boost cross-border trade.

 

Myanmar has put off its annual special gem sale in August following the suspension of jade mining in Pha-Kant, an area in Kachin state, a media report said Saturday.

 

The Central Bank of Myanmar has announced it will put currency notes of 10,000 kyat denomination into circulation June 15. The new 10,000 kyat banknote is another larger-value currency note to be introduced nearly three years after notes of 5,000 kyat were put into circulation Oct 1, 2009.

 

Chinese President Hu Jintao told his Pakistani counterpart Asif Ali Zardari Thursday that Beijing encourages its enterprises to take part in energy and electricity projects in Pakistan.

 

Confederation of Indian Industry (CII) president Adi Godrej Tuesday said it was possible to very considerably increase trade and investment with Pakistan.

 


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Review
 
 
 
 
spotlight image Since Prime Minister Sheikh Hasina assumed office again in Bangladesh in 2009, bilateral relations between New Delhi and Dhaka have been on a steady upward trajectory.
 
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Desperate living conditions and waterborne diseases are threatening more than 320,000 Rohingya refugee children who have fled to southern Bangladesh since late August, including some 10,000 who crossed from Myanmar over the past few days, UNICEF said.
 
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A unique and passionate gathering of acrophiles, or mountain lovers, took place in neat and picturesque Aizawl, the capital of Mizoram state in north-eastern India in September.
 
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India’s foreign policy under Prime Minister Narendra Modi has attained a level of maturity which allows it to assert itself in an effective manner. This is aimed at protecting the country’s national interests in a sustained way.
 
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  Union Minister Jitendra Singh on October 14 said “militants are on the run” and that militancy in Jammu and Kashmir is in its “last phase”.
 
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China has entered a new era in building socialism with Chinese characteristics. The 19th National Congress of the Communist Party of China has mapped out plans for the new era.
 
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As political roller coasters go, there is none as steep and unpredictable as the one shared by the United States and Iran.
 
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In West Asia, the end of one war paves the way for the next. Raqqa, the Syrian capital of the self-styled Islamic State (IS), has fallen to a coalition of rebels, the Syrian Democratic Forces that is backed by the United States.
 
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On “Defining Our Relationship with India for the Next Century”
 
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Title: The People Next Door -The Curious History of India-Pakistan Relations; Author: T.C.A. Raghavan; Publisher: HarperCollins ; Pages: 361; Price: Rs 699

 
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Could the North Korean nuclear issue which is giving the world an anxious time due to presence of hotheads on each side, the invasion of Iraq and its toxic fallout, and above all, the arms race in the teeming but impoverished South Asian subcon...

 
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Title: A Bonsai Tree; Author: Narendra Luther; Publisher: Niyogi Books; Pages: 227 Many books have been written on India's partition but here is a firsthand account of the horror by a migrant from what is now Pakistan, who ...

 
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As talk of war and violence -- all that Mahatma Gandhi stood against -- gains prominence across the world, a Gandhian scholar has urged that the teachings of the apostle of non-violence be taken to the classroom.

 
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Interview with Hudson Institute’s Aparna Pande, whose book From Chanakya to Modi: Evolution of India’s Foreign Policy, was released on June 17.

 
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