Farmers at a rice field on the outskirts of Ahmedabad, India. Reuters
India has raised its import duty on wheat to 40 per cent from 30 per cent, the government said late on Friday, as the world’s No.2 producer of the grain tries to support local farmers
A weak monsoon season will not only impact agricultural production, but also subdue consumption and consequently slowdown the country’s economic growth.
Prominent south Indian leaders have flayed Union Home Minister Amit Shah’s proposal for “one nation, one language” formula. Shah pitched the idea on Saturday on the occasion of Hindi Diwas.
General Motors Co said it would wind down its Australian and New Zealand operations and sell a Thailand plant in the latest restructuring of its global business, costing the US auto maker $1.1 billion.
Gold prices on Monday eased from a near two-week high, as a monetary policy intervention by China’s central bank to limit the economic impact from the coronavirus outbreak reassured investors and boosted demand for higher-risk assets.
Japan’s fourth quarter GDP shrinks much faster than expected and its economy shrank at the fastest pace in almost six years in the December quarter as a sales tax hike hit consumer and business spending,