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India says no to RCEP

India choose to protect its national interest in RCEP negotiations

India chooses to protect its national interest in RCEP negotiations India decides to opt-out of Regional Economic Comprehensive Partnership (RCEP) deal. PM Modi refused to join the 16- nation deal consists of China and the Association of South-East Asian Nations (ASEAN). It is important to note that this RCEP covers about a third of the world economy and half of the world population.

Budget Session 2019: Important Bills Lapse on Last Day

Bills lapse on the final day of a turbulent Budget Session

On the final day of this year’s budget session important bills, previously passed by the Lok Sabha, lapsed in the Upper House of the Indian Parliament. The lapsed bills included the controversial Citizenship (Amendment) Bill and the Triple Talaq Bill This year’s ten-day long budget session ended with the lapse of important bills like the Citizenship (Amendment) Bill and the Triple

Budget Session Updates: Lok Sabha Passes Finance Bill

On day-nine of the Parliamentary Budget Session, 2019, the Lok Sabha passed the Finance Bill, while the Upper House of Parliament was adjourned before the tabling of the controversial Citizenship Bill. Today’s session will witness the final verdict on the amendment bill (previously passed by the Lok Sabha) in the Rajya Sabha Amid sloganeering and protests in the Parliament regarding

France to Replace Post-Brexit Britain as World’s Sixth Largest Economy

Centre of Economic and Business Research report suggests, France will take over Britain as the 6th largest economy post Brexit

According to the Centre of Economic and Business Research, France is estimated to become the sixth largest economy, replacing Britain from the rank post Brexit According to a recent report by the Centre of Economic and Business Research (CEBR), the Brexit deal would lower Britain’s economic rank. The report suggests that France will become world’s sixth biggest economy with the fall

China Celebrates 40 Years of Reform and Opening Up

China celebrating 40 years of reform in Beijing, where President Xi Jinping gave the keynote address

Decades after the People’s Republic of China was established in 1949, and after the Mao Zedong personality-cult aftermath, Communist Party leader Deng Xiaoping opened up China to capitalist market reforms. President Xi Jinping gave key address to mark this occasion at the Great Hall of the People  in Beijing. The year 2018 marks the 40th anniversary of the market reforms that

Gas Will Replace Coal as the Second Largest Energy Source by 2030

The geography of energy consumption continues its historic shift to Asia The World Energy Outlook 2018 report states that “major transformations are underway for the global energy sector, from growing electrification to the expansion of renewables, upheavals in oil production and globalization of natural gas markets." Released by Paris-based International Energy Agency, it states that natural gas is expected to overtake coal as the

Russian media believes China flared artificial GDP growth

  The Russian media doubts the GDP growth of China which superseded Japan’s economy in 2010. It alleges China of manipulation in its GDP figures. Media Research company Chinascope published a report from Radio Free Asia, which cited a commentary that appeared in Russian daily Kommersant. The piece, titled "The Deception of the GDP," claimed that the GDP was doctored by 'powerful

The Upward Movement of Bangladesh’s Economy

This article was published in D&B’s monthly edition for June 2018. Bangladesh, once one of the poorest economies in India’s neighborhood, is on the way of changing its old narrative where it remained an economic basket case – dealing with poverty, famine, and unemployment. The condition in the country was so wretched that when Bangladesh registered faster growth than Pakistan in

Iran and India to Scale-Up Commercial Trade

Despite US pressure to cut trade with Iran, India, today gave a strong signal that it would rather scale up its commercial engagement with Tehran possibly through a bilateral preferential trade pact. India has conveyed its intention to step up economic ties with Iran, leader of a high-level visiting trade delegation from Tehran said the two countries should work together without

Indo–Israeli Agricultural Cooperation: The Way Forward

This article was published in D&B’s special edition: 70th Anniversary of Israel’s Independence Israel’s agricultural breakthrough is the world’s most renowned success story: a country with only 20% arable land and vast territory covered with desert that barely gets a drop of rain. Despite unfavorable climatic conditions and a similar topography, 95% of the country’s food requirement is met by Israel’s

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