This week in South and Central Asia the article that drew my attention was about the unemployment rate in India. A national survey shows that India’s unemployment rate has rose to the highest level in 45 years. However, due to how the government interfered with these statistics and withheld the information from the public for a while, it is obvious… Read more »
MUMBAI (Reuters) – Walmart Inc-owned Flipkart and Amazon.com Inc’s Indian unit are rushing to rejig ownership structures and rework some key vendor relationships, as they seek to comply with new Indian e-commerce curbs without disrupting their businesses.The logo of India’s e-commerce firm Flipkart is seen in this illustration picture taken January 29, 2019. In late December, India modified rules around… Read more »
NEW DELHI (Reuters) – An official survey that has been withheld by the government shows India’s unemployment rate rose to its highest level in at least 45 years in 2017/18, the Business Standard newspaper reported on Thursday, delivering a blow to Prime Minister Narendra Modi months before a general election.FILE PHOTO: Tradespeople sit on the side of a road as… Read more »
PARIS/BERLIN (Reuters) – France, Germany and Britain have opened a new channel for non-dollar trade with Iran to avert U.S. sanctions, although diplomats say it is unlikely to allow for the big transactions that Tehran says it needs to keep a nuclear deal afloat. Washington’s major European allies opposed last year’s decision by U.S. President Donald Trump to abandon the… Read more »
NEW DELHI (Reuters) – India’s central bank on Thursday removed Bank of India and Bank of Maharashtra from its prompt corrective action plan (PCA) for state-owned banks with high levels of bad debt and inadequate capital, confirming a Reuters newsbreak.A security guard stands next to the logo of Reserve Bank of India (RBI) inside its headquarters in Mumbai, India, December… Read more »