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…

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…

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…

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…

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…

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…

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…

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…

Kathmandu, June 9: The Embassy of India and the Central Level Project Implementation Unit (CLPIU) of the Ministry of Education Nepal signed 7 Memorandum of Understandings (MoUs) for re-building 56 higher secondary schools located in Gorkha, Nuwakot, Dhading, Dolakha, Kavrepalanchowk, Ramechhap and Sindhupalchok districts of Nepal. These schools will be…