Normal to above normal rainfall forecast for southwest monsoon season

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Normal to above normal rainfall is most likely during the 2021 southwest monsoon season (June – September) over most parts of South Asia, according to an authoritative seasonal forecast from the South Asian Climate Outlook Forum (SASCOF) released this week. Geographically, above-normal rainfall is most likely over some areas of the North West, along the foothills of […]

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India to make Chabahar Port in Iran operational by May 2021: US Congressional Research Service

India has accelerated the work on Chabahar Port early this year and the strategic Iranian port is expected to be operational by next month, a US Congressional report said. “In 2015, India agreed to help develop Iran’s Chabahar Port and an associated railway that would enable India to trade with Afghanistan unimpeded by Pakistan,” the […]

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South Asia must ramp up COVID-19 action to protect people, revive economies – World Bank

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Amid the mounting human toll and global economic fallout triggered by the COVID-19 pandemic, South Asian governments need to ramp up action to curb the health emergency, protect their people, especially the poorest and most vulnerable, and set the stage now for fast economic recovery, the World Bank said in its twice-a-year-regional update. Released today, […]

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Cheap vegetable oil import from neighbouring countries likely to hit India’s domestic refined oil price

Cheap imports of refined oils and vanaspati from South Asian Free Trade Area (SAFTA) member countries are resulting in distorted domestic refined oil prices, leading to pressure on crop prices and in turn hurting farmers’ income as well as government’s revenue. The rising share of vegetable oil imports from neighbouring countries, which are not known […]

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Edible oils imports to India continue regardless of duty hike; industry urges government to check imports from South Asian nations

India’s bid to protect farmers’ income by increasing the import duty on edible oils is turning out to be counter-productive and traders and bulk buyers in the country have spotted a duty-free route through South Asian nations for cheap imports. After the government hiked the import duty on edible oil in March, imports turned costlier, […]

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Asian growth steady despite rising trade tensions; India leads the way – ADB

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Growth in Asia and the Pacific’s developing economies for 2018 and 2019 will remain solid as growth continues apace across the region, despite rising tensions between the United States and its trading partners, says a new Asian Development Bank (ADB) report. In a supplement to its Asian Development Outlook (ADO) 2018 report released last April, ADB forecasts 2018 growth […]

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South Asia re-emerges as fastest growing region in the world, lifted by India – World Bank

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South Asia has regained its lead as the fastest growing region in the world, supported by recovery in India, the World bank said, adding that with the right mix of policies and reforms, growth is expected to accelerate to 6.9 percent in 2018 and 7.1 percent next year. The Bank’s twice-a-year South Asia Economic Focus (SAEF) finds […]

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Parboiled rice trade hits record on African and South Asian demand; India big player

Parboiled rice, which is processed by steaming rice in the husk thus retaining nutrients and resulting in more separated grains when cooked, has grown in prominence and now accounts for nearly 20 percent of global trade, according to the U.S. Department of Agriculture (USDA). It said in its latest World Agriculture Supply and Demand Estimate […]

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Trade lifting developing Asia’s growth as ADB upgrades GDP forecast; India’s forecast lowered

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Economic expansion in developing Asia will accelerate to 6% in 2017, as stronger than expected exports and domestic consumption fuel growth, the Asian Development Bank (ADB) has forecast. Excluding Asia’s newly industrialised economies, growth is now expected at 6.5% this year, it said in a new report. In a supplement to its Asian Development Outlook Update 2017 report, ADB […]

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South Asia slowdown result of temporary shocks, longer-term challenges in India, says World Bank

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After leading global growth for two years, South Asia has fallen to second place, after East Asia and the Pacific due to temporary shocks and longer-term challenges mostly in India, the World Bank said in a report. Regional economic growth is expected to slow to 6.9 percent in 2017 from 7.5 percent in 2016, but growth could […]

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