In a move to support local farmers and stabilise agricultural supply chains, the Farm Machinery Corporation of Bhutan Limited (FMCL) has purchased crops worth Nu 33.55 million through its aggregation programme, price guarantee scheme. Launched on November 7, 2024, the initiative, funded by the economic stimulus programme (ESP), offers market assurance to farmers. As of […]
Read MoreNepal’s soyabean oil exports to India have seen an astonishing 45-fold increase in the first half of the current fiscal year, even though Nepal produces very little soyabean itself. Experts say the dramatic rise is driven by traders cashing in on tariff loopholes in neighbouring India, a recurring pattern in Nepal’s trade. According to the […]
Read MoreThe country’s apparel exports grew by 12% year-on-year to $23.55 billion in the first seven months of fiscal 2024-25, according to government data. Overall exports exceeded $4 billion for four consecutive months from October to January. In January, shipments reached $4.44 billion, marking a 5.70% year-on-year growth, according to Export Promotion Bureau (EPB) data released […]
Read MoreJapan’s Economy Minister Ryosei Akazawa said on Monday the country’s underlying inflation was approaching 2%, a goal that is included in the government’s joint statement with the central bank aimed at coordinating policy to beat economic stagnation. Speaking in parliament, Akazawa also said households face even higher inflation that is driven more by cost-push factors, […]
Read MoreThe Indian rupee fell to a record low on Monday after U.S. President Donald Trump slapped tariffs on imports from the country’s three biggest trade partners, stoking fears of a trade war that rattled global financial markets. The rupee declined to 87.28 per U.S. dollar before closing at 87.1850, down by nearly 0.7%, its biggest […]
Read MoreIndia is reviewing its stance on cryptocurrencies due to shifting attitudes towards the virtual asset in other countries, a senior government official told Reuters on Sunday. The review, which follows crypto-friendly policy announcements by U.S. President Donald Trump, could further delay publication of a discussion paper on cryptocurrencies that was due for release in September […]
Read MoreIndia has increased its defense budget by 9.5% to $78 billion for 2025. The latest budget of the government led by Prime Minister Narendra Modi has increased defense spending to 8% of the country’s total GDP, establishing India as the fourth largest defense spender globally after the United States, Russia and China. According to analysts, […]
Read MoreDeputy Chairman of the Cabinet of Ministers — Minister of Water Resources, Agriculture and Processing Industry of Kyrgyzstan Bakyt Torobaev held a meeting on food prices. He noted that the republic has sufficient food reserves and warned of taking tough measures against those who unreasonably inflate their prices. The Ministry of Economy and Commerce, the Antimonopoly Regulation Service, the presidential plenipotentiary representatives in the regions, local […]
Read MoreSri Lanka is set to relax a ban on some vehicle imports in a sign the country is returning to normal after a severe economic crisis that toppled a president. From 1 February, imports of buses, trucks and utility vehicles will be allowed to resume, while restrictions on other vehicles are expected to be gradually […]
Read MoreIndia’s annual budget announcement was a bigger deal than usual this year: As the first full budget of Prime Minister Narendra Modi’s third term, it will set the tone for how the world’s fifth-largest economy confronts slowing growth and sagging markets. But the year’s top economic policy event opted mainly for short-term economic relief through […]
Read More
