Nepal power

The China factor in Nepal’s power exports to India

India will not buy Nepal’s surplus electricity produced by hydropower projects having Chinese components or built by Chinese contractors, Indian authorities have reportedly conveyed to Nepal, days after the industry players from the two nations signed a landmark agreement for power trading

India seeks to boost trade with Bangladesh as Dhaka’s exports to New Delhi set to cross $2 billion

Bangladesh's economic success - from a "basket case" to a "bull case" - and hailed around the world, is being recognised by neighbour India as Indian High Commissioner in Dhaka Vikram K Doraiswami met FBCCI President Mohammad Jashmin Uddin and sought the cooperation of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) to boost bilateral trade between the countries

India lends 'a helping hand'; extends $500 million line of credit to Sri Lanka as power plants run out of fuel

India on Tuesday extended a $500 million line of credit to Sri Lanka for the import of fuel as a couple of power plants in the island country ran out of fuel amid a severe foreign exchange crisis

Amid economic crisis, Sri Lanka seeking fuel from India to run power plants

Sri Lanka has been exploring the option of procuring fuel, required for the operations of power plants, from India as regular supplies are affected amid a severe foreign exchange crisis

More on Economy-Business

India to extend $1.5 billion lines of credit to Sri Lanka; Jaishankar dials Finance Minister Basit

India will extend $1.5 billion in additional lines of credit to Sri Lanka, Indian External Affairs Minister S Jaishankar confirmed on Saturday, assuring the island country of its continuous “support in all possible ways for overcoming economic and other challenges”

IMF Board approves $395 million credit assistance for Nepal to mitigate Covid-19 impact

The International Monetary Fund (IMF) Board has approved a $395.9 million extended credit facility (ECF) for Nepal to help it mitigate the pandemic’s impact on health and economic activity, supporting sustained growth and poverty reduction among others

India extends $900 million ‘facilities’ to ailing Sri Lankan economy

India has extended $900 million facilities to Sri Lanka, the Indian High Commission in Colombo said,  as the island country has been going through its worst economic crisis, with record low foreign exchange reserves and food shortages

Sri Lanka may see sovereign default, says S&P, downgrades rating to 'CCC' with negative outlook

After Fitch Ratings, Standard and Poor's has now downgraded Sri Lanka’s sovereign ratings to ‘CCC’ with a negative outlook from an earlier ‘CCC+’ as its currency continued to be under pressure, indicating the island country may see a sovereign default scenario this year, a prospect the country’s central bank denied

UK announces start of FTA negotiations with India; Johnson lists Scotch whisky on top of sectors to benefit

The UK government on Thursday announced the launch of free trade agreement (FTA) negotiations with India, describing it as a "golden opportunity" to put British businesses at the "front of the queue" of "India's booming economy" and its fast-growing segment of "250 million shoppers"

Nepal Telecom to begin delayed 5G trials in June

Nepal will begin its first 5G internet services trial in June, almost after a delay of over a year, which will cover both urban and rural areas, officials said

Rape, abduction derail tourism in Bangladesh’s beach town of Cox’s Bazar, local economy impacted

In any normal new year, hotels and guesthouses in the beach town Cox’s Bazar would be booming with tourists and visitors

Indians topped Sri Lanka’s tourist arrivals in 2021

Tourists from India dominated Sri Lanka’s tourism market last year, contributing almost 23 percent of the total 194,000 tourists who visited the island country in 2021

PM Imran Khan launches Pak-China Business investment forum to fast-track investments

Pakistan Prime Minister Imran Khan on Monday launched the Pakistan-China Business Investment Forum to fast-track project approvals and investment proposals from Chinese investors

Inflation wrecks havoc in Pakistan; touches 12 percent in December

The inflation rate in Pakistan reached a new level last month, recording 12.3 percent in December— the highest in the last two years, as experts warn of more trouble in the weeks ahead of the government’s mini-budget

Sri Lanka finalizes Trincomalee oil farm deal with India, agrees to extend lease of 14 oil tanks for 50 years

In a deal with considerable strategic significance for South Asian geopolitics, Sri Lanka will extend the lease of 14 oil tanks in Trincomalee oil farms to India for 50 years, Lankan Energy Minister Udaya Gammanpila said on Friday, adding the deal, which will also include the joint development of 61 other unused tanks, will be signed next week

India needs a precise startup policy for defence manufacturing

Prime Minister Narendra Modi has highlighted India's growing involvement of youth in defence-related startups

Sri Lanka’s forex increases to $3 billion; former PM urges government to approach IMF

Sri Lanka’s foreign reserve exchange reached $3.1 billion dollars in December, up from $1.5 billion recorded last month, the Central Bank of Sri Lanka informed on Wednesday

Pakistan Railways minister pushes for commercialization, blames ‘state enterprise mafia’ behind railways' destruction

State enterprise mafia has destroyed Pakistan Railways, Minister for Railways Azam Khan Swati said, as he pushes for the commercialization of stations as part of his bigger reforms to overhaul the sector

Bangladesh to Sri Lanka’s rescue; gives three months extensions on $200 million currency swap deal

In what comes as a significant relief to the embattled Sri Lankan economy, Bangladesh Bank (BB) has extended the validity of the $200 million credit facility it had extended to Sri Lanka by three months

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