Reserve Bank of India (RBI) has begun the practice of meeting the statutory auditors of banks at the start of every quarter to stop banks from under-reporting non-performing assets (NPAs).
When the PTI government took office, it inherited a huge current account deficit, and it was assumed that it would take strong measures to enhance exports to curtail this gap primarily between yawning imports and dwindling levels of exports, especially when it outrightly exhibited dissent towards seeking an IMF programme.
Global clothing brands including H&M, Primark and Tesco won a Bangladesh Supreme Court case Sunday, allowing international factory safety monitors to operate in the country which has had a string of industrial disasters.
Industrial police has identified 674 industrial units, including 435 apparel and textile units across the country as vulnerable to labour unrest over non-payment of wages and festival allowances to workers before the upcoming Eid-ul-Fitr festival.
KPR Mill, a fully-integrated garment manufacturing company in Coimbatore, has expanded to Ethiopia, setting up its first overseas production facility — KPR Export Plc — in Makelle at an initial investment of $5 million.
Lisbon, Portugal, is a scenic and hilly city which has preserved its old Christian traditions and has a hint of romance to it. It’s also rare to come across any South Asians there, unless it’s a Bangladeshi.