India’s new cabinet on May 31 approved a scheme offering pension coverage to traders. All shopkeepers, retail traders and self-employed persons are assured a minimum monthly pension of ₹3,000 after turning 60. The scheme, expected to benefit more than 3 crore, is based on self-declaration as no...
The Skill for Employment Investment Programme (SEIP) project has imparted training to some 24,510 trainees in IT-related fields till April, 2019 with as much as 61 per cent placement in the country's job market. The government is implementing SEIP, one of the largest programmes in the field...
Reports in Bangladesh suggest the national government will take over responsibility for the running of the central effluent treatment plant (CETP) at the Savar tanning cluster. The government is believed to be preparing to register a company to do this, with tannery owners in the cluster being...
Only days after The Indian People’s Party (BJP) confirmed its victory in the 2019 general election in India, and its leader, Narendra Modi, began his second term as the country’s prime minister, reports have emerged from the north of the country questioning the ability of the tanning...
The World Bank yesterday maintained its growth forecast for China in 2019 at 6.2%, although it lowered the country’s 2020 growth figure to 6.1% and said domestic demand will be key to facing economic uncertainty. In a report, the institution said Chinese economic growth remained “resilient” with...
January-March growth falls to 5.8%, down from October-December's 6.6%; slowdown puts pressure for fiscal stimulus, rate cut; 2018/19 growth estimate cut to 6.8% from 7%; weaker consumer demand, global slowdown undermine growth. India's economy grew at a much-lower-than-expected 5.8% in the January-March period, its slowest pace in...
Investors fled stocks for safe-haven assets yesterday after being spooked by the latest salvos fired in the global trade war. With US President Donald Trump announcing tariffs on all Mexican imports and China warning it would create a list of “unreliable” foreign companies, investors piled into...
The National Union Alliance Chamber of Cambodia (NACC) has requested the European Union (EU) to change its plan to suspend the ‘Everything But Arms’ (EBA) trade agreement with the country as that will affect the livelihoods of three million workers, with 43 per cent of garment workers—nearly...