Economy and Business

More on Economy and Business

Nepal economy to grow at 5.5%: ADB

Nepal’s economy is expected to grow at 5.5 percent in the current fiscal year 2018-19, down from 5.9 percent a year earlier, according to the Asian Development Bank (ADB) Nepal Macroeconomic Update. 

India’s trade with South Asia below potential: World Bank report

India can play a critical role in regional cooperation for mutual economic and welfare gains in South Asia, according to a recently released World Bank report. 

Fitch raises India's FY19 GDP growth forecast to 7.8%

US multinational Fitch Ratings on Friday raised India's GDP growth forecast for the current fiscal to 7.8 per cent, up from their earlier estimate of 7.4 per cent, indicating, however, that tightening of financial conditions, global oil prices and accumulated bad loans of banks continued as headwinds to the country's growth.

Maldives inks water deal with UAE company

The Maldives Environment Ministry has inked a US$8.6 million (Maldivian Rufiyaa MVR133 million) contract with the UAE-based Water Engineering Services FZE to establish drinking water facilities on 32 islands.

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Sikkim shines; receives FAO award for becoming world's first organic state

Sikkim Chief Minister Pawan Kumar Chamling received the UN Food and Agriculture Organisation's (FAO) prestigious Future Policy Gold Award from its Deputy Director Maria Helena Semedo, who commended the Himalayan state for setting an example to the world by becoming the first totally organic state.


China backs Pakistan's request for IMF assistance

China has endorsed Pakistan’s request to the IMF for a bailout package, but cautioned that it should not affect economic cooperation between Islamabad and Beijing.