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.
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”
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.
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.
British PM Boris Johnson has announced that Serum Institute of India (SII), the manufacturers of the Oxford-Astrazeneca vaccine Covishield, will be investing 240 million pounds in the United Kingdom through the opening of a new sales office, media reports said
The Indian government on Tuesday permitted telecom service providers to conduct trials for use and applications of 5G technology, an official release said
Serum Institute of India (SII) CEO Adar Poonawalla on Monday said his comments made last week to British newspaper The Times, in which he spoke about "aggressive" phone calls from influential people in India demanding an increased production of Covishield vaccine, have been "misinterpreted"
Money transfer companies in the UAE are trying to contribute in their own way to fight the COVID-19 pandemic situation in India by waiving charges to funds being transferred to India’s PM Cares Fund and Kerala Chief Minister’s Distress Relief Fund to help the South Asian country
Pfizer is discussing with the Indian government expedited approval of its vaccine, company CEO Alber Bourla has said while announcing a donation of medicines worth $70 million to fight the resurgent pandemic
Amid India's catastrophic Covid19 crisis and unprecedented demand for vaccines, Serum Institute of India (SII) CEO Adar Poonawalla on Saturday said he was under pressure and "aggression" over vaccines is "overwhelming"
As India grapples with an unprecedented new wave of the COVID-19 pandemic, the nation’s largest private sector company Reliance Industries has emerged as the country’s largest producer of medical oxygen from a single location
In a bid to help India battle the massive second COVID-19 wave, Reliance Foundation is setting up a 1000-bed Covid Care facility with oxygen supply in Jamnagar of Gujarat state
Australia, India and Japan have formally launched the Supply Chain Resilience initiative (SCRI), in what is being interpreted as a move to counter China's dominance in supply chain trade in the Indo-Pacific
Tesla is setting up its office in the Lower Parel-Worli area in Mumbai with its production base in Karnataka, an Economic Times report said
For the first time, nine Bangladeshis have made the Forbes 30 under 30 Asia list, The Daily Star reported
Notwithstanding the uncertainty triggered by the COVID-19 pandemic, Bangladesh will remain a principal source of apparels in the coming months, The Daily Star reported quoting a new study
Virtually declining India’s requests to lift the ban on export of raw materials to meet the country’s anticipated COVID-19 vaccine shortage, the US politely said that it has to first to take care of the requirements of its own people
Twenty-five selected women entrepreneurs came together in a hybrid-styled boot-camp in Kolkata as part of an ongoing 'Breaking the Glass Ceiling' project to support women entrepreneurs in eastern and northeastern India
Serum Institute of India (SII) has borrowed money from banks to ramp up the production of Covishield instead of waiting for the government's aid of Rs 3,000 crore to arrive
