Business & Partnership

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US ends waivers for India to buy Iranian oil

In a blow to India’s energy security and efforts to diversify its oil imports, the United States announced on Monday it is ending the waiver given to India to buy Iranian oil and has threatened sanctions if it did not comply with the embargo.

More on Economy and Business

India assures greater market access to SAARC countries

India has said it will take proactive measures to reduce barriers in trade and services to ensure greater economic integration in the South Asian region and would substantially reduce tariff barriers for the countries like Pakistan and Sri Lanka(as it has done for the least developed countries like Bangladesh, Nepal and Bhutan).

Exuberant Indian markets gloss over economic reality

Surging capital inflows, booming stock markets and a fast-appreciating currency suggest the India story is again shining after a dismal 2011.Dig a little deeper, and problems afflicting Asia's third-largest economy remain largely unabated and unaddressed.

SAARC moves ahead for economic union

The secretary-level meeting this time has recommended establishing a regional development bank and a fund where the members and donors will contribute. The finance secretaries also forwarded a proposal for promotion and protection of investment among the Saarc members.

South Asian trade potentials not fully exploited

About 55 per cent of the total potential for intra-regional trade in South Asia has not been fully exploited.Despite huge natural resources and mineral deposits, the state of intra region trade in South Asia was dismal.

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