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

Drones may soon be delivering food orders in Pakistan’s capital

If everything goes right, customers in Pakistan’s capital Islamabad may soon be getting their food orders via drones

Mukesh Ambani's Reliance arm acquires Sri Lankan brand

RRVL, the retail arm of Indian billionaire Mukesh Ambani, has acquired a 100% stake in the Sri Lankan brand amanté from MAS Holdings

Nepal allows the import of GM crops

Nepal has allowed the import of a few genetically modified crops, partially relaxing the complete ban put eight years ago, amid intense lobbying from the country’s poultry industry

India-US defence expo focuses on emerging domains, including space and artificial intelligence

Indian and US defence officials and business people have focused on partnering in space and artificial intelligence at a virtual expo as part of their diversified strategic defence cooperation

Higher GDP growth to hurt Pakistan's economy, says PM adviser

Gross domestic product growth of over six percent would hurt Pakistan’s economy, said Shaukat Tareen, a special adviser on finance to Pakistan’s Prime Minister Imran Khan

India comes to Nepal’s rescue, allows it to sell surplus power in Indian Energy Exchange

In what comes as a big relief to Nepal, India has permitted Nepal to sell its surplus electricity in the Indian Energy Exchange marketplace, a move that would help Nepal to avoid huge power wastage

Pakistan's exports record 17% growth in October amid yawning trade deficit

In what is the highest increase for a month, Pakistan’s exports in October registered a growth of 17 percent, touching $2.471 billion against $2.104 billion in the same month last year

Bangladesh looks for Russian investment in railway sector

Bangladesh is seeking Russian investment to develop the country’s railway infrastructure, said Railway Minister Nurul Islam Sujan amid a push for railway modernization in his country

India, Italy to collaborate on green hydrogen, renewable energy corridors

India and Italy have agreed to explore the development of green hydrogen, setting up renewable energy corridors, and joint projects in the natural gas sector as the two nations sought to strengthen partnership in energy transition

Power-surplus Nepal asks consumers to use more electricity to avoid wastage

It wasn’t long ago when Nepal used to be on the list of the countries with the highest power outages

Moody’s downgrades Sri Lanka’s sovereign rating; Central Bank calls it 'untimely'

Moody’s Investors Service has downgraded Sri Lanka’s sovereign rating, taking the country’s credit deeper into speculative-grade as foreign reserves continued to fall amid money printing and crippled forex markets

Crisis-hit Sri Lanka's budget expected to be one of the 'trickiest' in history

In an indication that Sri Lanka’s financial woes are far from over, a senior economist has said the country’s 2022 budget will not be able to provide relief to the public given the shaky nature of the budgetary management and lack of sources to finance it

Saudi Arabia announces USD 4.2 bn bailout for cash-strapped Pakistan

Saudi Arabia has agreed to revive its financial support to Pakistan, including about USD 3 billion in safe deposits and USD 1.2bn to USD 1.5bn worth of oil supplies on deferred payments, officials said

Maldives calls on international experts to promote its blue economy

The Maldives has a great scope for collaborating with international experts to promote its blue economy, President Ibrahim Mohammed Solih said on Tuesday as the country looks to promote other sectors to reduce its dependence on tourism

India’s Adani group considering investment in Sri Lanka’s renewable energy sector

India's Adani Group, which has recently been awarded the contract to develop and run Sri Lanka’s strategic Western Container Terminal of Colombo Port, is also exploring the possibility of investing in the country’s renewable energy and wind sector

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