The United Arab Emirates announced Sunday a major plan to stimulate its economy and liberalise stringent residency laws for expatriates, as the country seeks to overhaul its finances and attract foreign residents and capital. The country’s plan to lure foreign talent reflects a growing contrast with the other oil-rich economies of the Persian Gulf that … Read more
Southeast Asia has emerged as a key player in global supply chains over the past few decades, with countries like Vietnam, Thailand and Malaysia becoming major manufacturing hubs. The region now is a key production zone for cars, computers, electronics and garments, among other products. But the massive production disruptions wrought by the COVID pandemic … Read more
The June quarter GDP growth of 20.1% was lower than expected estimates — 21.3% was the Reserve Bank of India (RBI)’s forecast and 21%, that of economists in a Bloomberg poll. The latest GDP numbers are 16.9% and 9.2% less than the March quarter and June 2019 (pre-pandemic level) quarter, respectively. What do the latest … Read more
The forceful capture of power in Afghanistan by the Taliban has halted all reconstruction and development works undertaken by India in the country for almost two decades. India, as a close neighbour, had been assisting the reconstruction and development efforts of the government and people of Afghanistan as part of the endeavour to bring stability … Read more
India’s macro-economic prospects look far better now than they did just a few months ago. Daily new cases of Covid-19 continue to fall, despite a sharp rise in mobility and business resumption indices. International petroleum prices have fallen significantly during the course of this month. An Organisation of the Petroleum Exporting Countries (OPEC) deal to … Read more
Introduction: Economic bridges, despite their geographical proximity and bilateral free trade agreements and multilateral (FTA), South Asia is one of the most economically integrated regions in the world. Because of protectionist policies, high logistics costs, lack of political will and a wider deficit of trust, intra-regional trade in South Asia is far below its potential … Read more
Analysts from GNS Science in New Zealand have declared that they planned the shape and size of the Zealandia landmass in phenomenal detail. Background: Researchers affirmed the presence of an eighth landmass, called Zealandia, under New Zealand and the encompassing sea in 2017. Since 94% of Zealandia’s 2 million square miles are submerged, planning the … Read more
Current Indian Economic Scenario and Growth Potential is picking momentum on the back of improved output of8 core sector industries – coal, crude oil, refining, steel, cement, natural gas,fertilizers and electricity. Some of the important economic developments in thecountry are as follows: ● Indian companies have been signing much private equity (PE) deals, registeringa substantial … Read more
All we need to know about the Payments Infrastructure Development Fund (PIDF)? : Objective: This fund has been created to encourage acquirers to deploy point of sale (PoS) infrastructure, both physical and digital, in tier-3 to tier-6 centers and northeastern states. Contributions to the fund: The RBI has made an initial contribution of Rs 250 … Read more
Indian economy is one of the most agile growing economies in the world. There are manyfeatures that are inherent to the economy. The combination of all the features enablesdevelopment economists to classify the Indian economy as a developing one. Some salient features of the Indian economy are as follows Some salient features of the Indian … Read more