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Why it’s time for India to rethink its inflation target regime

Is inflation targeting right for India, and does it focus on the right target?
The Economic Times

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Do not reduce liquor quota to 1 from 2: ACI to India

Airports Council International (ACI) Asia-Pacific has also requested India to not reduce the quota of liquor bottle that an international flier is allowed to buy at duty-free stores at airports.

Pak has 'limited options' to respond to India's decision on Jammu and Kashmir: CRS report

The Congressional Research Service (CRS) in its sec...

FATF meeting: China says Pakistan made 'visible progress' to curb terror financing

The Paris-based Financial Action Task Force (FATF) Asia Pa...

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  • India led the activity in Q4 2019 with 1,078 tenders and a share of 58.7%, up 4.2% over the previous quarter and up 12% when compared with the last four-quarter average, followed by the Philippines with 309 tenders and a share of 16.8% and Bangladesh with 184 tenders and a share of 10% during the quarter.

    Bank of America's (BofA's) Asia headcount expansion comes against the backdrop of a subdued recruitment outlook for the broader investment banking business as global lenders grapple with cost pressures and slowing M&A momentum.

    Spot gold edged up to $1,566.71 per ounce, and back toward a seven-year peak of $1,610.90 reached last week.

    Early turnover in Asian shares was light with US stock and bond markets closed for the Martin Luther King Jr. holiday.

    US Deputy National Security Adviser Matthew Pottinger, during a panel discussion at the Raisina Dialogue here, slammed Russian Foreign Minister Sergey Lavrov for saying that the Indo-Pacific initiative was aimed at disrupting the existing regional structures.

    Pulling up the US over its strategic concept of the Indo-Pacific, Russian Foreign Minister Sergey Lavrov said it was initiated to disrupt the existing structure and contain China but added that friend India has adopted a smart strategy on this.

    The new Indo-Pacific concept being pushed by the US, Japan and others is an attempt to reconfigure the existing structure, Russian Foreign Minister Sergey Lavrov said. "Why do you need to call Asian Pacific as Indo-Pacific? The answer is evident -- to exclude China. Terminology should be unifying, not divisive. Neither SCO nor BRICS is exclusionary," Lavrov said.

    Russian Ambassador said Moscow was "concerned and apprehensive" over the Indo-Pacific strategy of the US as it has completely ignored existence of Russia and China while pushing forward its agenda for the strategically key region. Russian Foreign Minister Sergei Lavrov had also criticised the US-led Indo-Pacific initiative , calling it a "divisive approach."

    In November 2017, India, the US, Australia and Japan gave shape to the long-pending "Quad" Coalition to develop a new strategy for keeping the critical sea routes in the Indo-Pacific free of any influence. China has been trying to expand its military presence in the Indo-Pacific, which is a biogeographic region, including the South China Sea.

    In terms of tenders by country, India led the activity in November with 371 tenders and a share of 60.1%, up 7.4% over the previous month and up 15% when compared with the last 12 month-average, followed by the Philippines with 105 tenders and a share of 17% and Bangladesh with 51 tenders and a share of 8.3% during the month.

    No fewer than 23 modern surface warships were launched by China in 2019, this total including nine destroyers (two Type 055s and seven Type 052Ds), twelve Type 056 corvettes, one Type 075 landing helicopter dock and one Type 071 landing platform dock. Notable was the absence of any Type 054A frigate construction with production having temporarily halted.

    China led the activity in November 2019 with 20 contracts and a share of 22%, up 13.3% over the previous month and up 186% when compared with the last 12 month-average, followed by India with 14 contracts and a share of 15.4% and Pakistan with 12 contracts and a share of 13.2% during the month.

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