The government has drafted the Geographical Indication Act-2012 with an aim to ensure entitlement to the country’s traditional products and protect the reputation of these products against piracy.
The industries ministry, which has prepared the draft of the law, gathered... Full story
The Bangladesh Bank has directed all commercial banks to submit the foreign direct investment information through the central bank’s web portal on half-yearly basis starting from January-June 2012. Full story
With drought parching farms in the United States and near the Black Sea, weak monsoon rains in India and insidious hunger in Africa’s Sahel region, the world could be headed towards another food crisis.Full story
If you bought Facebook shares in the May IPO and held onto them, by Monday morning you would have lost more than half your investment — and not see any encouraging signs of making your money back.Full story
Bank transactions and some market operations were hit in India after about one million bank employees began a two-day strike on Wednesday to protest against reforms that will give investors more clout in the tightly controlled sector.Full story
Sagging export markets in Europe and Asia left Japan with a much worse-than-expected trade deficit, figures showed Wednesday, ringing alarm bells over the parlous state of the global economy.Full story
Russia on Wednesday crowned a tortuous 18-year journey from communist economic isolation by becoming the largest state outside the World Trade Organisation to join the preeminent free trade club.Full story
China’s currency is facing strong downward pressure this year as the country’s once surging growth rates slow amid a stalling global economy and signs of capital flight after years of inflows.Full story
The odds the United States will slip back into recession next year have risen, ratings agency Standard & Poor’s said, citing risks from the European debt crisis and budget tightening at year-end.Full story