Economy - India Daily Digital

China’s biggest ‘bad bank’ lands in huge debt

Beijing has spent decades bailing out Chinese companies that got in over their heads, Huarong is now testing the limits of that resolve, reports Asian Lite News Once a sprawling Chinese financial

May 20, 2021

Asia News·China·Economy

2nd Covid wave derails economic rebound’

It said that base GDP growth forecast for fiscal 2022 at 11 per cent, with risk firmly tilted downwards….Reports Asian Lite News The second wave of novel coronavirus threatens the economic growth

May 11, 2021

Business·Economy

Pak trade deficit widens to $23.8 billion

The trade gap has been widening since December 2020…reports Asian Lite News Pakistan’s trade deficit widened to USD 23.8 billion, exceeding the annual target by USD 4.1 billion in 10 months of

May 7, 2021

Asia News·Economy

‘IMF’s tariff hike demand could worsen Pak inflation’

Pakistan has promised the IMF to increase taxes by 1.272 trillion PKR and raise electricity tariff by almost 5 PKR per unit…reports Asian Lite News Pakistan’s Finance Minister Shaukat Tarin said that

May 5, 2021

Asia News·Economy

Banks in TN to open only till 2 p.m

The timing will be reviewed after April 30, based on the Covid-19 situation in the state….reports Asian Lite News With sudden surge in Covid-19 cases in Tamil Nadu and to prevent further

April 26, 2021

Business·Economy·Finance

Amazon to allow direct seller-customer contact

The e-commerce giant is currently testing this new feature called “Manage Your Customer Engagement” that will help sellers contact Amazon users…reports Asian Lite News Amazon may soon allow sellers to directly connect

April 25, 2021

Business·Economy

RBI bans American Express, Diners Club

American Express Banking Corp and Diners Club International Ltd are payment system operators authorised to operate card networks in the country under the Payment and Settlement Systems Act, 2007…reports Asian Lite News

April 25, 2021

Business·Economy

Gloom for Pakistan’s maritime economy

In 2017 Pakistan Naval Chief announced the approval of a new shipyard at Gwadar, to be completed within three to five years. 12 years since the idea and three years since the

April 23, 2021

Asia News·Economy

Historic boom for India tech: 6 new unicorns in 4 days

Investment platform Groww, messaging bots startup Gupshup, digital pharmacy API Holdings Pvt., app developer Mohalla Tech and social commerce startup Meesho Inc are latest entrants, reports Asian Lite News. It was an

April 13, 2021

-Top News·Business·Economy

UN lauds IMF, World Bank measures to stave off debt crisis

The top UN official has proposed a “three-phased approach to address debt burdens: a debt standstill, targeted debt relief for the most vulnerable, and a reform of the international debt architecture.”..reports Asian

April 10, 2021

-Top News·COVID-19·Economy

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