Economy

6,000 Indian millionaires shifted overseas in 2016: Report

6,000 Indian millionaires shifted overseas in 2016: Report

India is among the top five countries globally which saw the maximum number of millionaire outflows with as many as 6,000 ultra-rich people shifting overseas in 2016, 50% more than the previous year. According to a report by New World Wealth, around 6,000 uber-rich Indians have changed their domicile in 2016, while in 2015 as […]

Who is Sarah al Suhaimi, the first woman to lead Saudi stock exchange?

Who is Sarah al Suhaimi, the first woman to lead Saudi stock exchange?

The appointment of the CEO of National Commercial Bank, Sarah al-Suhaimi, as the first Saudi woman to chair the Saudi Arabia stock exchange – Tadawul – the largest bourse in the Middle East, is a step that breaks the male-dominated upper echelons in the finance sector. According to Deloitte consultancy, the representation of women on […]

India Slips to 143 in Economic Freedom Index, Behind Pakistan: US Thinktank

India Slips to 143 in Economic Freedom Index, Behind Pakistan: US Thinktank

India ranked a dismal 143 in an annual index of economic freedom by a top American thinktank, behind its several South Asian neighbours including Pakistan, as progress on market-oriented reforms has been “uneven”. The Heritage Foundation in its Index of Economic Freedom report said despite India sustaining an average annual growth of about 7 per […]

To create a cashless economy, the government must first strengthen its cyber security system

To create a cashless economy, the government must first strengthen its cyber security system

What happened at Bangladesh’s central bank in February was straight out of a Hollywood heist movie. Hackers sitting in unknown corners of the world transferred $101 million from the bank’s account at the Federal Reserve Bank in New York to fraudulent accounts in the Philippines and Sri Lanka. If this could happen to Bangladesh’s premier […]

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