Keystone pipeline shut after 14,000-barrel oil spill in Kansas

Washington, Dec. 9: Canada's TC Energy shut its Keystone pipeline in the United States after more than 14,000 barrels of crude oil spilled into a creek in Kansas, making it one of the largest crude spills in the United States in nearly a decade. The cause of the leak, which…

12/09/2022

Trust credibility of Indian norms: RBI to foreign regulators

Mumbai, Dec. 8: Commenting publicly for the first time on the decision of certain European regulators to de-recognise domestic clearing houses, Reserve Bank of India Governor Shaktikanta Das said that it is necessary for overseas regulators to appreciate the credibility of Indian rules. “We comply with all international standards. Our market infrastructure is…

12/08/2022

India’s manufacturing PMI hits three-month high in November

New Delhi, Dec. 2: India’s manufacturing sector activity rose to a 3-month high in November as new orders and exports expanded markedly in the latest month, according to a monthly survey. According to the Indian Media, Posting 55.7 in November, up from 55.3 in October, the seasonally adjusted S&P Global…

12/02/2022

India to be third largest economy ‘well before’ 2030: Gautam Adani

New Delhi, Nov. 20: Indian Adani Group's Founder & Chairman on Saturday claimed that India will become the world's third-largest economy by the end of 2030. He added that the country will become 2nd largest economy by 2050. Adani was delivering a keynote address on "India's Path to an Economic…

11/20/2022

India overtakes UK as world’s fifth-largest economy: 5 charts to put this in perspective

New Delhi, Sept. 3: India has overtaken the United Kingdom to become the fifth largest economy in the world, according to Bloomberg, which has cited GDP figures from the International Monetary Fund. New Delhi pushed Britain to the sixth spot in the final three months of 2021 to become the…

09/03/2022

World Bank approves USD 562 million funding for 3 projects in India

New Delhi, June 24: The World Bank announced on Thursday (23-06-2022) that it had authorized three loans totaling USD 562 million (about Rs 4393.70 crore) to support projects for education in Gujarat, social protection in Tamil Nadu, and the rehabilitation of the fisheries industry after the epidemic.  According to the…

06/24/2022

Chief economic advisor Nageswaran: India has shown exemplary resilience in recovering from Covid crisis

New Delhi, June 11: India has shown exemplary resilience in recovery from the COVID-19 pandemic crisis, Chief Economic Advisor (CEA) of India Anantha Nageswaran said on Saturday. Nageswaran was addressing an “Indian Economy: Prospects, Challenges and Action Points” event at the Haryana Institute of Public Administration (HIPA) here. “India has…

06/11/2022

India's Industrial output grows 7.1% in April

New Delhi, June 10: Industrial output, measured through Index of Industrial Production (IIP), increased 7.1% during April, shows government data released on Friday. This comes after the meagre 1.9% industrial growth seen in March. The quick estimates for the index of industrial output stood at 135.1 for April 2022, compared…

06/10/2022

12 jobs that increased in demand due to the pandemic in Canada

Toronto, Apr. 15: Several occupations in Canada actually saw an increase in demand as a result of the outbreak. Many industries have been adversely affected by coronavirus-related shutdowns, but there are actually more job vacancies in some of those industries. According to federal research, each province and territory’s labor force…

04/15/2022

NRNA To Urge Non-Resident Nepalis To Send Dollars

Kathmandu, Apr. 12: The Non-Resident Nepalis Association (NRNA) is to hold interaction with the non-resident Nepalis regarding their support in easing the situation in the context of decreasing foreign currency reserve in the country. The interaction will also have participation of government officials.     The emergency meeting of the NRNA…

04/12/2022

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


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