The country’s merchandise exports grew by over 7% to $4.5 billion in January, compared to $4.2 billion in the same month a year ago, driven largely by an increase in shipments of ready-made garments. With this, export earnings surpassed $29 billion in the first seven months of the current fiscal year, reflecting growth of over […]
Read MoreWhen US President Donald Trump imposed a 25% tariff on imports from Canada and Mexico and a 10% tariff on Chinese goods, the shockwaves were felt far beyond these three economies. European nations and Japan are also on edge, bracing for the ripple effects of this aggressive trade manoeuvre. As expected, Canada on Saturday announced […]
Read MoreThis time India has announced a major income tax cut. The budget was presented for the eighth time in the country on Saturday. According to the new tax structure, the tax-free income limit has been increased to Rs 12 lakh. NDTV. Indian Finance Minister Nirmala Sitharaman has said that no income tax will be paid […]
Read MoreThe government’s external debt burden is rising at a pace far outstripping revenue growth, pushing the debt-to-revenue ratio dangerously close to the IMF’s 18% threshold by the end of fiscal 2023-24, according to a recent Economic Relations Division (ERD) report. The debt-to-revenue ratio surged to 16.53% in FY24, up from just 12% a year ago, […]
Read MoreTwo major clashes between the army and terrorists took place in Pakistan’s Balochistan province. At least 30 people were killed. Of these, 18 were soldiers and 12 were terrorists. The Anadolu Agency reported this news, citing the Pakistan Army. The Pakistani army’s media wing, the Inter-Services Public Relations (ISPR), said in a statement on Saturday […]
Read MoreThe watchdog for U.S. assistance to Afghanistan said the Taliban have no legal right to billions of dollars in funding set aside for the country because they are not recognized as its government and are under sanctions. In its latest report issued Friday, the office of the Special Inspector General for Afghanistan Reconstruction, or SIGAR, […]
Read MoreIndia is set to increase its financial aid to the Maldives for the upcoming year, with an allocation of MVR 1.06 billion in its 2025-2026 proposed budget. Indian Prime Minister Narendra Modi’s administration presented its 2025-2026 proposed budget to the Parliament on Saturday. According to the budget, which is published on the Indian Foreign Ministry’s […]
Read MoreMMBL-Money Transfer was responsible for bringing in a record US $ 350.8 million in foreign exchange into Sri Lanka in 2024. This represents 5 percent of the total worker remittances that came into the country last year. This also accounts for 77 percent of the overall Western Union remittances to the country. MMBL-Money Transfer is […]
Read MoreCommunities in two protected areas will soon benefit from targeted climate adaptation projects funded by the Climate Crowd Initiative, a global programme under the World Wildlife Fund (WWF). An incense processing unit will be established for communities living within Jigme Dorji National Park (JDNP), which includes Soe Gewog and Yaksa village. Draagchukha in Punakha will […]
Read MoreThe Budhi Gandaki Hydropower Project is a flagship National Pride Project of Nepal. It remains in limbo despite decades of planning and significant financial investment. With a planned capacity of 1,200 MW, the reservoir-type project is strategically located on the border of Gorkha and Dhading districts. While the government had spent over Rs 45 billion […]
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