Bhutan running out of non-renewable resources

The country’s non-renewable resources paint a mixed picture of stability and decline, with coal and talc known reserves fully exhausted and others showing worrying downward trends. Data from the Environmental Accounts Statistics 2024 reveals a decade of contrasting trajectories for key minerals, including dolomite, limestone, gypsum, and iron ore. Once a critical resource, Bhutan’s coal […]

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Nepal’s roadmap aims to generate 28,500 MW of electricity by 2035: PM Oli

Nepal Prime Minister K P Sharma Oli on Friday said the government has prepared a roadmap for generating 28,500 MW of electricity by 2035. Nepal currently generates around 2,500 MW of hydro power. Addressing a programme organised by Independent Power Producers’ Association Nepal (IPPAN) to commemorate its silver jubilee in Kathmandu, Oli said there was […]

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Kathmandu-Tarai expressway project achieves 37.6 percent physical progress

The Kathmandu-Tarai expressway project has achieved 37.6 percent physical progress and 39.56 percent financial progress, with a total expenditure of Rs72.41 billion, as reported by the Nepal Army during an on-site inspection by President Ramachandra Paudel on Friday. President Paudel visited the completed tunnels at Lendanda, Dhedre, and Mahadevtar in wards 11 and 12 of […]

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Islamic Emirate Announces Special Incentives to Boost Investment, Growth

Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, stated during the “Investment Call in Afghanistan” program that the Islamic Emirate has provided special privileges for industrialists and traders returning to the country. The Deputy Prime Minister for Economic Affairs added that the Islamic Emirate has taken effective measures to facilitate economic growth and […]

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Sri Lanka and China agree on early conclusion of comprehensive FTA

Sri Lanka and China have agreed to work towards the early conclusion of a comprehensive Free Trade Agreement (FTA) in “one package” in line with the principles of equality, mutual benefit and win-win outcomes. In a joint statement issued by both countries during Sri Lanka’s President Anura Kumara Dissanayake’s state visit to China, the two […]

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Nu 109 billion allocated for 2025-26 fiscal year

The finance ministry has estimated a budget outlay of Nu 109.35 billion for the fiscal year 2025-26, the second year of the ambitious 13th Plan. This is according to the ministry’s budget call notification for the fiscal year 2025-26.  The proposed outlay includes Nu 53.79 billion for capital expenditure and Nu 55.56 billion for recurrent […]

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World Bank makes 10-year plan with Pakistan for $20 billion in funding

Pakistan’s prime minister on Wednesday welcomed a first-of-its-kind agreement with the World Bank for a plan to focus $20 billion in lending to the cash-strapped nation over the coming decade on development issues like the impact of climate change as well as boosting private-sector growth. Prime Minister Shehbaz Sharif said in a post on social […]

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India achieves ‘historic’ space docking mission

India docked two satellites in space Thursday, a key milestone for the country’s dreams of a space station and manned Moon mission, the space agency said. The satellites, weighing 220-kilogrammes (485 pounds) each, blasted off in December on a single rocket from India’s Sriharikota launch site. Later they separated. On Thursday, the two satellites were […]

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Google signs deal to buy carbon removal credits from Indian farms

The deal – signed by Google and Indian supplier Varaha – is one of the biggest ever involving biochar, and is the tech giant’s first foray into India’s carbon dioxide removal (CDR) sector. Google will buy carbon credits from an Indian initiative that turns large amounts of agricultural waste into biochar – a form of […]

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Bangladesh’s economy to see weakest growth since pandemic: World Bank

Bangladesh’s economic growth is set to slow to 4.1% this fiscal year (FY25), the weakest pace since the pandemic, as political turmoil in mid-2024 weighed on activity and deteriorated investor confidence, the World Bank said on Thursday (16 January). In its latest edition of Global Economic Prospects report, the global lender warned amid heightened political […]

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