Indian PM Modi: Best time to invest in India, multilateral institutions need reforms

New Delhi, Jan. 18: Citing various reform measures taken by the Government, such as the removal of retrospective taxation, reduction in compliance requirements and simplification of the corporate tax rate structure, Indian Prime Ministee Narendra Modi Monday made a strong pitch for India as an investment destination and said this is “the…

01/18/2022

Convert initiatives into fintech revolution: Indian PM toasts e-infra

New Delhi, Dec. 4: Terming financial inclusion as the driver of fintech revolution, Indian Prime Minister Narendra Modi on Friday said the fintech industry in the country is innovating to increase access to finance and the formal credit system to every person in the country and now is the time to…

12/04/2021

Singapore economy seen slowing next year after 7% expansion in 2021

Singapore, Nov. 24:  Singapore’s economy is expected to grow about 7% in 2021, at the top of the official forecast range, and will expand at a slower pace next year as an uneven recovery continues across sectors, the government said on Wednesday. Gross domestic product (GDP) grew 7.1% year-on-year in…

11/24/2021

Sri Lanka seeks USD 500 million loan from India for fuel purchase

Colombo, Oct. 17: Sri Lanka has sought a USD 500 million credit line from India to pay for its crude oil purchases amid a severe foreign exchange crisis in the island nation. The move came few days after energy minister Udaya Gammanpila warned that the current availability of fuel in…

10/17/2021

India announces $200 million line of credit for Kyrgyzstan

Bishkek, Oct. 11: India on Monday agreed to provide a USD 200-million line of credit support for development projects in Kyrgyzstan, as Indian External Affairs Minister S Jaishankar held "constructive" talks with the top Kyrgyz leadership to boost bilateral ties, including defence cooperation and discussed global issues like Afghanistan. Jaishankar,…

10/11/2021

Private Cargo Train arrives in Birgunj for the first time

Kathmandu, Sept. 15: A cargo train of the private sector has arrived in Nepal from India on Wednesday for the first time. The cargo train arrived in Birgunj this morning after 17 years of operations of the Nepal-India rail service. The one-rack cargo train of Hind Terminal Pvt Ltd arrived at…

09/15/2021

US trade body seeks to double H-1B quota

Washington, June 23: The powerful US Chambers of Commerce has launched a massive campaign to address the acute shortage of skilled and professional workforce in America, prominent among which includes urging the Biden administration and Congress to double the number of H-1B visas and eliminate per-country quota for the Green…

06/23/2021

Senior citizen allowance increased to Rs 4,000

Kathmandu, May 29: The government has hiked the monthly senior citizen allowance to Rs 4,000. Unveiling the annual budget for fiscal year 2021/22, Finance Minister Bishnu Poudel stated that the monthly senior citizen allowance has been increased to Rs 4,000. Prior to this, the monthly senior citizen allowance was Rs…

05/29/2021

India-Nepal 20th DG-level talks on customs cooperation begins

Kathmandu, Apr. 21: Officials of Nepal and India held dialogue at Director General (DG)-level virtually Monday. The dialogue is part of regular interaction between customs officials of the two neighbors. Today’s talks kicked off 20th discussion on customs cooperation. The talks are aimed at strengthening bilateral cooperation to facilitate cross…

04/21/2021

India’s Union Budget 2021: Sitharaman doubles health-care spending, imposes new agri cess

New Delhi, Feb. 1: Finance Minister of India Nirmala Sitharaman on Monday proposed more than doubling of healthcare spending while imposing a new agri cess on certain imported goods and raising customs duty on items ranging from cotton to electronics in a bid to pull the economy out of the…

02/01/2021

Global economy expected to expand by 4 per cent in 2021: World Bank

Washington, Jan. 6: As the COVID-19 vaccine started rolling out in many countries, the World Bank expects that the global economy will expand four per cent in 2021, but will still remain more than five per cent below its pre-pandemic trend. “The global economy appears to be emerging from one…

01/06/2021

UK plans to ban unhealthy ‘buy 1 get 1 free' food promos as part of anti-obesity drive

London, Dec. 29: The UK government has set out plans to ban unhealthy promotions on food and drinks high in fat, salt or sugar from April 2022 as part of a wider anti-obesity drive. The new rules, confirmed on Monday, will prohibit retailers from offering multibuy promotions such as “buy…

12/29/2020

Biden names Indian-American Bharat Ramamurti as National Economic Council member

Washington, Dec. 22: US President-elect Joe Biden on Monday named Indian American Bharat Ramamurti as the deputy director of the National Economic Council, which is the White House advisory agency to the President on domestic and global economic policymaking. Joelle Gamble, who is in the Biden-Harris Transition’s domestic economic policy…

12/22/2020

EU-UK trade talks slog on past another Brexit deadline

Brussels, Dec. 21: Problems increased on Monday in the bid to put a trade deal between the European Union and the United Kingdom on the rails before a Brexit transition period ends on New Year’s Day, with the EU legislature insisting ever more it will not have time to vet…

12/21/2020

Round-the-clock RTGS facility from midnight

New Delhi, Dec. 14: The Real Time Gross Settlement System (RTGS) for high-value transactions will become available round-the-clock from 00:30 hours Monday onwards, making India one of the few countries in the world to operate the system 24X7. In October, the RBI had announced that RTGS will be available round-the-clock…

12/14/2020

Meeting of India-Nepal Inter-Governmental Committee on Trade, Transit and Cooperation

Kathmandu, Dec. 7: The Commerce Secretaries of Nepal and India co-chaired the meeting of the Inter-Governmental Committee (IGC) on Trade, Transit and Cooperation to Control Unauthorized Trade that was held through video conferencing today. Anup Wadhawan, Commerce Secretary, Government of India was accompanied by the Ambassador of India to Nepal…

12/07/2020

UK car output plunges to lowest level since 1950s

London, July 31: British car production fell by more than an annual 40% in the first half of the year to the lowest level since 1954 as the coronavirus pandemic shut factories and dealerships, an industry body said on Thursday. Plants and retailers closed in March and only some gradually…

07/31/2020

India extends financial assistance of Rs 37.23 million for construction of Sanitation Facility at Pashupati

Kathmandu, June 16: Embassy of India, Ministry of Federal Affairs and General Administration and the Kathmandu Metropolitan City on Monday signed an Memorandum of Understanding (MoU) for the construction of Sanitation facility within the Pashupati Area Temple Complex, a UNESCO World Heritage Site since 1979. The project will be funded under Nepal-Bharat…

06/16/2020


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