As Chinese and Japanese surveillance ships and aircrafts shadow each other around Senkaku/Diaoyu islands tension is rising. But both the powers are also engaged in smile diplomacy to woo India, creating diplomatic openings for the country. Preoccupied with territorial disputes with Japan and its Southeast Asian neighbours, and concerned about the US pivot China is showing unusual warmth towards India. Coinc ...Read more ›
Business & Politcal news from Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka, Afganistan, Myanmar and Iran.
Ambassador of United Arab Emirates Essa Abdullah Al Basha Al-Noaimi called on Federal Minister of Commerce Makhdoom Amin Fahim on Thursday and presented invitation letter of ‘3rd Global Entrepreneurship Conference and Exhibition’, which will be held in Dubai under the patronage of Sheikh Mohammad bin Rashid Al Maktoum, Vice President and Prime of the UAE and Ruler of Dubai, on December 11 and 12, 2012. The ...Read more ›
Indian stock market does not present attractive prospects for investors in the near term amid sluggish domestic and global economic growth outlook, according to Goldman Sachs. The global investment banking major in its report said that a sluggish domestic and global growth outlook would have a bearing on the Indian equities in the coming months. "We find that the Indian stock market does not present an attr ...Read more ›
The proposed increase of tax at source to 1.2 percent from the existing 0.6 percent on all export items would be a major obstacle to industry expansion, said garment makers yesterday. Given the current global and domestic business scenario, the profit margin in the garment sector had also come down, said Shafiul Islam Mohiuddin, president of Bangladesh Garments Manufacturers and Exporters Association, in hi ...Read more ›
Finance Minister AMA Muhith yesterday defended provisions for legalising undisclosed money in the proposed budget saying it would bring investment and prevent cash going out of the country. Muhith said the amount of undisclosed money in the economy is huge, something between 42 and 82 percent of the country's gross domestic product. "We have given scope to bring the undisclosed money to the market because w ...Read more ›