India hopes Bangladesh will respect border agreement

New Delhi hopes that all existing agreements reached between India and Bangladesh on the border based on mutual consent will be respected. Indian Foreign Ministry Spokesperson Randhir Jaiswal said this in a regular briefing on Friday. The Indian Foreign Ministry Spokesperson highlighted the country’s position ahead of the Director General-level conference of Border Guard Bangladesh […]

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India raises alarm over Maldives’ recent trade pacts, without naming China and Turkey

India is concerned recent trade pacts signed by the Maldives will likely hurt the archipelago’s cash-strapped economy, the Indian foreign ministry said on Friday, in a reference to agreements between the Maldives and China, as well as Turkey. China and India both vie for influence in the strategically located Indian Ocean nation, whose $7.8 billion […]

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Sri Lanka records highest deflation in 65 years

Sri Lanka’s consumer prices fell by 4% in January, the highest deflation rate since July 1960, official data showed Friday, as the South Asian nation emerges from its worst economic meltdown. January was the fifth consecutive month of deflation, according to the Colombo Consumer Price Index. Inflation hit a record 69.8% in September 2022 at […]

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86% of economic units facing capital crisis, 34% denied loans: BBS census

Around 86% of the country’s economic units (establishments engaged in economic activities) are facing capital challenges, with 34% not getting easy loans, according to the latest Economic Census 2024, conducted by the Bangladesh Bureau of Statistics (BBS). Planning and Education Adviser Wahiduddin Mahmud termed the situation unfortunate, stating, “Thousands of crores of taka have been […]

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India faces warmer February, winter crops at risk

India is set to see above-average temperatures in February after a warmer than normal January, the weather office said on Friday, posing a risk to key winter-sown crops such as wheat, rapeseed and chickpeas. Maximum and minimum temperatures in most parts of the country will be above-average in the month, Mrutyunjay Mohapatra, director-general of the […]

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India’s Modi may tackle economic slowdown, impending trade turmoil in annual budget

Indian Prime Minister Narendra Modi may seek to shore up faltering economic growth, placate a middle class squeezed by high prices and low wage growth, and prepare for an uncertain year of global trade in the nation’s budget this week. Finance Minister Nirmala Sitharaman will present the budget for the next fiscal year on Feb. […]

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More Indians losing hope of improved quality of life under Modi, survey shows

More Indians are becoming less hopeful about their quality of life as stagnant wages and higher living costs cloud future prospects, a survey showed, in disappointing news for Prime Minister Narendra Modi ahead of this week’s annual budget. More than 37% of respondents in a pre-budget survey said they expect the overall quality of life […]

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India’s Adani Power posts smaller Q3 core profit as demand drops; to raise 50 bln rupees

India’s Adani Power (ADAN.NS), opens new tab posted a smaller quarterly core profit on Wednesday due to a sharp drop in power demand and the thermal power producer also said it would raise 50 billion rupees ($578 million) by selling shares to institutional investors. The company, part of billionaire Gautam Adani-led Adani Group, said besides […]

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