Calling the Maldives a “very concrete expression” of India’s neighbourhood first policy, External Affairs Minister S Jaishankar Friday said the two countries have finalised a framework to promote the use of local currencies for cross-border trade and signed a pact on high-impact community development projects. Jaishankar’s announcement came as he met the visiting Foreign Minister […]
Read MoreThe finance ministry has revised the credit growth projection for the fiscal year 2024-25 downward by 3.4 percent to Nu 10.48 billion, mainly due to delays in the disbursement of Economic Stimulus Programme (ESP) loans. The revision, based on the ministry’s September update, contrasts with its earlier projections in June, which anticipated robust loan disbursements […]
Read MoreThe Millennium Challenge Corporation (MCC) Board of Directors has approved $50 million in additional funding for the Nepal Compact. This Board action underscores the shared commitment between MCC and the government of Nepal to advancing Nepal’s development priorities through transformative, high-quality infrastructure projects, the MCC said in a statement. “The additional funding reaffirms our mutual […]
Read MoreThe United States has been hit by Chinese sanctions over alleged arms sales to Taiwan. Sanctions were imposed on 10 defense companies on Thursday. This is the second time in less than a week that Beijing has taken action against US companies over the same issue. China’s Ministry of Commerce announced that several companies under […]
Read MoreIndia and Pakistan exchanged information on nuclear installations on Wednesday on the first day of the new year. This information was exchanged under a 1988 agreement, the Indian Ministry of External Affairs said. This was reported by the Indian Express on Thursday (January 2). According to the more than three-decade-old agreement, the two countries will […]
Read MoreThe Chinese government is moving forward with its plan to build a grand dam upstream on the Brahmaputra River, ignoring the multifaceted concerns of the people of Bangladesh, India, and Tibet. According to experts, the construction of this world’s largest hydroelectric dam will severely disrupt the landscape and natural water supply systems of Bangladesh, India, […]
Read MoreIndia and Pakistan have been enemies since birth. From the Kashmir issue to militancy, there is no issue on which Delhi and Islamabad do not disagree. So far, the two nuclear-armed countries have been involved in four full-scale wars. Relations between the two countries have deteriorated further after Narendra Modi came to power in India. […]
Read MorePakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar said, ‘Bangladesh is our lost brother. Pakistan will cooperate with Bangladesh in every possible way.’ Ishaq Dar spoke about Bangladesh as well as global issues at a press conference in the capital Islamabad on Thursday (January 2). Dhaka-Islamabad relations have gained new momentum after the fall […]
Read MoreSingapore’s economy grew 4.0% in 2024, its fastest annual pace since exiting the pandemic, accelerating from an expansion of 1.1% in 2023 and 3.8% in 2022, preliminary government data showed on Thursday. Gross Domestic Product (GDP) rose 4.3% in the fourth quarter from a year earlier, according to advance estimates from the trade ministry, above […]
Read MoreThailand will continue to pursue free trade agreements (FTAs) this year as part of its strategy to accelerate economic recovery. The scheduled signing of the Thailand-Efta FTA this month represents Thailand’s first pact with European nations. The government is also working to finish negotiations with key partners such as the EU, South Korea, Asean-Canada and […]
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