More on Development

World Bank declares Pakistan's water project unsatisfactory

The World Bank has declared the $73 million Water Sector Capacity Building and Advisory Services project (WCAP) as “unsatisfactory” after losing its last hope to revive the scheme.

Unprecedented Indo-British collaboration in healthcare sector

British and the Indian institutions are collaborating in the field of healthcare at an unprecedented pace and 2020 is expected to witness an "inflection point" in India-UK Healthcare Collaboration, participants in a conference in Birmingham agreed.

India to open up protected dairy, poultry markets for US

In a major concession, India is likely to give the US access to its dairy and poultry markets in exchange for renegotiated terms for its pharmaceutical, textile and industrial exports under a new bilateral trade deal to be signed during President Donald Trump's visit to New Delhi later this month. Top sources told IANS that India is willing to partially open up its traditionally protected sectors -- dairy and poultry -- on the condition that the US grants India better terms for its pharmaceutical, textile and agro-machinery products.

Bhutan passes GST Bill despite legal issues

Bhutan's National Assembly passed the much touted Goods and Services Tax (GST) Bill 2020 despite legal questions surrounding the House’s decision to defer its implementation. Prime Minister Dr Lotay Tshering initially said that the government would implement the GST by July 1, 2022. He said that the two-year incubation period was required in view of the need to develop GST billing software and carry out sensitisation programmes, Kuensel reported.

Indian economy needs course corrections: Budget 2020-21 was a missed opportunity

In her marathon two hours and 46 minute-speech introducing India’s 2020 budget, Finance Minister Nirmala Sitharaman painted an optimistic picture of the Indian economy

IMF wants India to focus on medium-term fiscal consolidation

The International Monetary Fund (IMF) says that the recent Indian budget's “accommodative fiscal stance” is appropriate in the weaker economic scenario, but wants New Delhi to focus in the medium term on fiscal consolidation because of the growing debt levels.

Maldives passes resolution to declare climate emergency

The Maldives Parliament has unanimously passed a resolution to declare a climate emergency in the country.

Will light up every house by ‘Mujib Barsha’: Bangladesh PMWill light up every house by ‘Mujib Barsha’: Bangladesh PM

Bangladesh Prime Minister Sheikh Hasina has said the government will light up every house across the country within the 'Mujib Barsha' (Mujib Year) by bringing all people under the electricity coverage.