India to host 'Heart of Asia' meet on Wednesday
Source: PTI India will host a major conference on Wednesday aimed at bringing peace and stability to war-ravaged Afghanistan and speeding up its reconstruction with a focus on boosting investment and enhancing connectivity to the country. The 'Heart of Asia' (HoA) conference, to be attended by officials of a number of countries including Pakistan Foreign Secretary Aizaz Ahmed Chaudhry, is likely to deliberate on a host of issues such a combating challenge of extremism and terrorism. The key elements of HoA process have been to devise a sustained, incremental approach to implementation of the confidence building measures (CBM) in Afghanistan and the officials are set to deliberate on them during the conference. Energy, infrastructure and investment deals to shore up economic growth of Afghanistan ...
SAARC countries must develop socially inclusive trade practices
The Dollar Business Bureau Trade among SAARC nations is way below the desired figures and currency turbulence caused in the region reinforces the need for developing regional synergy to keep the economies stable, Bangladeshi central bank chief said. Addressing a meeting on ‘SAARC Financial Integration: Progress and Prospects’ in Mumbai on Tuesday, Atiur Rahman, Governor of Bangladesh Bank, asked the SAARC (South Asian Association for Regional Cooperation) members to develop “socially inclusive, sustainable and environment-friendly trade practices” so as to ensure “financial integration” in the region. The meeting was part of the two-day banking conference FIBAC 2015 organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Banks' Association (IBA). About the bilateral trade between India and ...
Domestic reforms key to Indias economic stability: Finance Minister
The Dollar Business Bureau With the vast depth and size of its market, India's ability to absorb international shocks is far stronger and this was reflected in the relative stability shown by the Indian Rupee. This was stated by the Union Finance Minster Arun Jaitley, on Saturday in response to the US Federal Reserve’s move towards increase of rates this year, say the reports. “International factors obviously have an impact and considering the vast depth, size of the Indian market, our ability to absorb those shocks is far stronger,” said Jaitley, according to the reports. Referring to the similar cases in the past, the Union Finance Minister said the domestic markets helped the Indian economy in remaining relatively stable, in ...
