Indian traders say farmer protest has caused 500 billion rupees business loss

The nearly two-month long farmers’ agitation in and around India’s national capital has caused business losses worth 500 billion rupees, dampening the post-covid economic recovery, according to the Confederation of All India Traders (CAIT). The government has proposed to suspend three controversial farm laws for one-and-a-half years and try to achieve a resolution with the farmers […]

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Expanding economies in Asia deliver 60% of global growth – ADB

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Growth is picking up in two-thirds of economies in developing Asia, supported by higher external demand, rebounding global commodity prices, and domestic reforms, making the region the largest single contributor to global growth at 60%, a new Asian Development Bank (ADB) report said. In its new Asian Development Outlook (ADO) 2017, ADB forecasts gross domestic product […]

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South Asian cooperation can increase GDP by $70 billion per year, create 20 million new jobs

The seven member countries of the South Asia Subregional Economic Cooperation (SASEC) today launched the SASEC Vision, a new strategic roadmap to guide the subregion’s development through 2025. The SASEC Vision was announced at the SASEC Finance Ministers’ Meeting in New Delhi, India,’s capital “South Asia was the fastest growing subregion in Asia in 2016, […]

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Australian workers say to take legal action to combat Chinese steel dumping – report

The Australian Workers Union will launch legal action to combat the dumping of cheap Chinese steel on to the Australian market, warning that the practice had put local manufacturing “on the brink of collapse”, a newspaper reported. Daniel Walton, the union’s newly elected national secretary, told The Australian that local companies appeared to have lost $200 million […]

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East Asia, Pacific growth to ease only modestly in 2016-18, World Bank says

Growth in developing East Asia and Pacific has remained resilient and is expected to ease only modestly during 2016-18, according to a new World Bank report. This outlook is subject to elevated risks and countries should continue to prioritize monetary and fiscal policies that reduce vulnerabilities and strengthen credibility, while deepening structural reforms. Growth in […]

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