In a bid to expand affordable internet access for the public, Facebook India has announced new partnerships with internet service providers (ISPs) D-Vois and Netplus
Political stability must for economic recovery, says Pakistan PM; calls for ‘Charter of Economy’
The IMF’s refusal to revive the $6 billion bailout package over the government’s initial refusal to implement austerity measures made things worse for the government. In recent weeks, the Sharif government has reduced fuel subsidies drastically and increased electricity tariffs.
World Bank cuts India’s 2022-23 growth to 7.5%, but will keep top spot; South Asia growth to get affected
In South Asia as a whole, the report said, “The Russian Federation’s invasion of Ukraine has weighed on growth in the South Asia region (SAR) after a solid recovery in the second half of last year and amplified pre-existing vulnerabilities”
Pakistan plans IT park in Karachi to boost exports and create jobs
Significantly, the country’s IT exports are rising and has already crossed over $2 billion in the first eight months of the current financial year. In 2021, the Overseas Investor Chamber of Commerce and Industry (OICCI) said in its report that the country had the potential of $10 billion in annual IT exports.
Power-surplus Nepal hopes to earn $100 million from electricity exports to India
From Thursday this week, Nepal started selling electricity, around 37 MW to Indian buyers, Nepal Electricity Corporation spokesperson Suresh Bhattarai confirmed to The Kathmandu Post. More bids are invited to sell 200 MW in India’s power exchange market on a long-term basis.
More on Economy-Business
Khadi Village Industries Commission (KVIC) records highest-ever turnover, village industry boom
In a year marred by the Covid-19 pandemic, India's Khadi and Village Industries Commission (KVIC) has recorded its highest-ever turnover
Twitter in India loses legal shield from prosecution over users' posts
Micro-blogging site Twitter has lost its legal shield from prosecution over users' posts in India, amid a faceoff with the Modi government over new IT rules, media reports said
Flipkart Wholesale sees three-fold increase in digital adoption among India's neighborhood stores
Business initiatives by Flipkart Wholesale, the digital B2B marketplace of India’s home-grown Flipkart Group, has yielded significant results, according to the company
PepsiCo Foundation with SEEDS India provides oxygen concentrators in Bengal
PepsiCo Foundation has announced a series of community relief outreach programs for West Bengal in partnership with Sustainable Environment and Ecological Development Society (SEEDS) India
Bihar's famous Jardalu mangoes exported to UK
The first commercial consignment of Geographical Indications (GI) certified Jardalu mangoes from Bhagalpur, Bihar has been exported to the United Kingdom
IIT Ropar develops India's first power-free CPAP device
Aimed at saving lives in low-resource areas and during transit, Indian Institute of Technology, Ropar has developed a device, Jivan Vayu, which can be used as a substitute of a CPAP machine
Pakistan proposes new framework facilitating exports on e-market platforms
Weeks after Amazon added Pakistan to its sellers’ list, the country’s central bank has proposed a fresh framework for easing the exports of Pakistani goods on global digital market platforms
Bharat Biotech to conduct clinical trials for Covaxin in US, Canada
Bharat Biotech will conduct clinical trials for Covaxin in the United States and Canada as its US partner Ocugen has said that it will apply for a full license in the United States for the India-made vaccine
Nokia to boost Subisu’s network for high-speed broadband in Nepal
Nokia has announced that it had been selected by Subisu, a leading service provider in Nepal, to modernize the 1500 km long backbone network spread across East and West Nepal
3 in 4 Indian workers keen on hybrid work: Microsoft study
While more than 3 in 4 Indian workers (74 per cent) are keen on flexible remote work options, 57 per cent employees feel overworked as digital intensity increases in the country, a new Microsoft report showed, as the country slowly reopened after the lethal second Covid wave. At the same time, 73 per cent of those surveyed said they are craving more in-person time with their teams
Unilever Pakistan to sponsor repurposing plastic waste into park benches
Unilever Pakistan and Green Earth Recycling Pakistan have joined hands to announce an initiative through which they will collect and repurpose plastic waste into sustainable furniture like park benches
No emergency authorisation for Bharat Biotech's Covaxin yet in the US; more clinical trials sought
India's indigenously manufactured Covid vaccine Covaxin, developed by Hyderabad-based Bharat Biotech (BB), will be delayed in its launch in the US market as the US Food and Drug Administration (FDA) asked Ocugen Inc, the US partner of BB, to pursue a biological Applications (BLA) path that would require additional clinical trials for the vaccine
Facebook in trouble in Pakistan, may face legal action
Pakistan’s parliamentary committee on Kashmir chairman Shehryar Khan Afridi has directed the chief of Pakistan Telecommunications Authority (PTA) to take legal action against Facebook over its "selective steps" against Pakistani and Kashmiri social media activists
Three Indian enterprises selected for joint R&D and technology transfer with Russia
Three Indian S&T-led small-to-medium enterprises/ start-ups have been selected to undertake joint R&D and technology transfer projects under the India-Russia Joint Technology Assessment and Accelerated Commercialization Program
