COVID-19 has sparked both a public health emergency and an economic shock in South Asia. As of 24 April, South Asia accounted for 1.5 per c...

Raghuram Rajan said sharp slowdown of the Chinese economy remains a significant risk for global economy and the SAARC region.

The agreement, which will be valid for three years, is expected to further economic co-operation between the two countries.

"The immediate concern for India is to reduce the current account deficit from its present high level," said Deepak Mohanty.

India had set up the Financial Stability and Development Council after recognising the need for stability, but it needs to establish conven...