Economy

Banks write off Rs 10L cr in last 5 financial years

by NewsdeskEconomyIndia NewsAugust 10, 2022August 10, 2022

Gitanjali Gems topped the list of 25 wilful defaulters followed by Era Infra Engineering, Concast Steel and Power, REI Agro Ltd and ABG Shipyard Ltd…reports Asian Lite News A recent…

Bangla Economy On Fast Track

by Newsdesk-Top NewsBangladeshEconomyAugust 2, 2022August 2, 2022

The Sri Lanka crisis won’t replicate in Bangladesh because the country is armed with a forex reserve of over $40 billion. To protect the poor, Prime Minister Sheikh Hasina has…

Britain will have slowest growth in G-7, says IMF

by Newsdesk-Top NewsEconomyUK NewsJuly 27, 2022July 27, 2022

The IMF has cut its 2022 global growth forecast to just 3.2% and warned the slowdown risks being even more severe…reports Asian Lite News The country is set for the…

Colombo Supermarkets running out of food

by Newsdesk-Top NewsEconomySri LankaJuly 16, 2022July 16, 2022

In the crisis-ridden island nation, people have been waiting in line for days for essentials such as cooking gas, kerosene, gasoline, sugar, milk powder, and medicines, reports Asian Lite News…

SPECIAL: Farm Sector Get A Fillip in Kashmir

by NewsdeskAsia NewsEconomyWorld NewsJuly 15, 2022July 16, 2022

Agriculture reformations have helped J&K UT to score in the top 5 states/UT in terms of monthly farming revenue. Due to market-trends-oriented farming, horticulture is now a sustainable economic activity….

Layoffs finally hit giants

by NewsdeskBusinessEconomyJuly 14, 2022July 14, 2022

Cloud major Oracle recently considered laying off thousands of workers to save up to $1 billion in cost-cutting measures…reports Asian Lite News The economic meltdown has reached Big Tech and…

Euro falls to parity with USD, hitting 20-year low

by Newsdesk-Top NewsEconomyEuropeJuly 13, 2022July 13, 2022

The euro continued to fall from Tuesday morning and traded at par with the U.S. dollar in a short-term in intraday trading…reports Asian Lite News For the first time in…

RBI sets up rupee settlement system for int’l trade

by NewsdeskBusinessEconomyIndia NewsJuly 12, 2022July 12, 2022

The central bank said the measure is taken to promote growth of global trade with emphasis on exports from India…reports Asian Lite News The Reserve Bank of India (RBI) on…

Sri Lankan PM Wickremesinghe resigns

by Newsdesk-Top NewsEconomySri LankaJuly 9, 2022July 9, 2022

Speaker Mahinda Yapa Abeywardena will take over as President until all-party govt is formed, reports Asian Lite News Sri Lanka Prime Minister Ranil Wickremesinghe has announced that he will resign…

US will narrowly avoid recession: IMF chief

by Newsdesk-Top NewsEconomyUSAJune 25, 2022June 25, 2022

IMF chief Kristalina Georgieva highlighted “significant downside risks” this year and especially in 2023, reports Asian Lite News International Monetary Fund (IMF) Managing Director Kristalina Georgieva said that there is…