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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

FDI inflow to South Asia rise by one-third


According to UNCTAD’s Global Investment Trends Monitor, South-East Asia continued to outperform East Asia in growth of FDI, while South Asia saw its inflow rise by one-third after a slide in 2010. 

'Time to form South Asian Economic Union with soft borders'


Veteran journalist and former diplomat Kuldip Nayar  backed the emerging idea for the formation of a South Asian Economic Union with “soft borders” among the nations and free movement of people to promote understanding and cooperation and unite the people across the boundaries.      

Bangladesh on economic freedom index

Bangladesh has been given the 130th place among the 184 countries rated as the freest to carry out business in.So far as South Asian nations are concerned, Bangladesh with its score point at 53.2 is trailing behind Sri Lanka (58.3), Bhutan (56.6), Pakistan (54.7), and India (54.6).

India to become world's 5th largest economy by 2020: Report

Moving past the global economic powerhouses like the UK, Germany and France, the Indian economy would become the world's fifth largest by 2020 – a major jump from its 10th rank currently, a report has said. As per the CEBR forecast, India would be followed by Brazil (6th), Germany (7th), UK (8th), France (9th) and Italy (10th) in the top-ten league.As per the report, CEBR's chief Douglas McWilliams told BBC Radio 4 that Brazil overtaking the UK was part of a growing trend.

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