The United Arab Emirates (UAE) has announced a four-month ban of wheat and wheat products export and re-export from India, the world’s second largest producer of the grain. UAE’s ministry of economy cited disruptions in global trade flows as the reason for the decision. “The ban applies to all wheat varieties namely hard, ordinary and
A report published by Wood Mackenzie states that consumers can expect fuel prices to stay high until next year due to disruptions in Russian oil supplies and refineries struggling to satisfy demand after the pandemic. It also says that the pressure could ease in the second half of 2023, when many new major refineries, particularly
Few weeks ago, when I looked at my phone under the crisp spring sun, I was taken over by panic. The cryptocurrency market had crashed; all of my investments were down significantly. After few moments, I exhaled and said, “It’s a volatile market, it will recover soon.” But till day the slump in the market
Sri Lanka’s prime minister has warned of a food shortage as the island nation battles a devastating economic crisis and promises to buy enough fertiliser for the next planting season to boost harvests. Sri Lanka is appealing for food assistance from its neighbours as the country’s debt crisis spirals into a humanitarian emergency. The government
As the world enters a new millennium, it’s worth taking a look at which countries are the most powerful in the world. In this article, we’ll take a look at ten of the most powerful countries in the world, and why they’re standing out. List of Most Powerful Countries with their ranks: United States GDP:
South Asian countries should be thankful and grateful to India for various reasons. India is a friend in need to all South Asian countries. Despite having some internal problems, India always tries to help others. Even, India set examples by assisting Pakistan at different times. However, since the start of the Russia-Ukraine crisis, India’s ban
Sri Lanka and Pakistan must follow ‘Bangladesh Economic Miracle’ model to avert their economic crisis. As Sri Lanka and to some extent, Pakistan is going through an economic recession, their South Asian neighbor ‘Bangladesh’ has confirmed as a South Asian Economic Miracle’. As Bangladesh marks its 51th independence anniversary this year, its tremendous economic growth
The ongoing Sri Lankan economic crisis coupled with a $51 billion debt default has proven beneficial for Indian exporters. While the Sri Lankan crisis opens doors for Indian tea and textile exporters, India may face challenges filling global supply gaps. Furthermore, the pandemic severely hindered what has been Sri Lanka’s long-standing strength – tea and
In March 2022, retail inflation soared to 6.95%. The Consumer Price Index is way above the RBI’s inflation target of 4% (+-2%). However, Mint analyses the inflation impact on the salaried class, economy, and investors. Inflation numbers in 2022 Compared to a 6.07% inflation in February 2022, it soared to 6.95% in March 2022. The
The 2020 recession generated the highest inflation since the 1970s. However, the 2020 recession was the shortest. Furthermore, the recovery was the fastest since the 19080s. As the economy reopens amid disruptions caused by the pandemic, the next phase of the economy could slow down unexpectedly. What are the three reasons that could slow down
