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New India-Bangldesh waterway operational; enhances transit and connectivity

The first consignment of goods from Bangladesh arrived in Tripura by waterway on Saturday as part of a trial run for shipping of goods from other parts of India to the northeast region via Bangladesh formally making operational of new waterways between the two neighbours

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IIT-R develops low-cost portable ventilator

The Indian Institute of Technology-Roorkee(IIT-R) recently hit headlines after a team of researchers at the institute developed a low-cost portable ventilator that might prove useful for the survival of COVID-19 patients

India's DRDO develops critical equipment for fighting COVID-19

India's Defence Research and Development Organisation (DRDO), which has been tracking the spread of coronavirus (COVID-19) since the world media started reporting its devastating impact in China’s Wuhan Province, took a call in the first week of March 2020 to enhance efforts to create countermeasures to stop the spread of the disease in India

Moody’s sees Pakistan growth rates sliding to 2pc

Moody’s Investors Service on Thursday estimated Pakistan’s growth rate could further slide to two per cent during the current fiscal year owing to Covid-19 outbreak and believed recent steps by the State Bank of Pakistan (SBP) would soften the impact of the pandemic on the country’s banks

SriLankan Airlines to slash staff pay

State-run SriLankan Airlines said it will slash staff pay and negotiate deferred payments from suppliers with the fleet grounded and only cargo flight to be operated, due to Coroanvirus

Maldivian makes history, becomes first to be named in Forbes Asia top 30

A tech wiz, Mohamed Afzal, has made history by becoming the first Maldivian national to be named on the Forbes list of top 30 young entrepreneurs in Asia

Sri Lanka GDP grows 2.3-pct in 2019

Sri Lanka’s gross domestic product grew 2.3 percent in 2019, down from 3.3 percent a year earlier, the statistics office said as the country started to stabilize after a currency collapse triggered by money printed to keep rates down in 2018, ECONOMYNEXT reported

Bangladesh faces $6 billion hit as world retailers cancel orders

Bangladesh, the second-largest garment producer after China, may lose roughly $6 billion in export revenue this financial year amid cancellations from some of the world’s largest brands and retailers, two major industry bodies said

Bangladesh needs bigger relief package to revive growth

Bangladesh has announced one of the lowest stimulus packages among South Asian and Asian peers in terms of gross domestic product (GDP) to counteract the impact of the coronavirus pandemic that is on course to bringing about an economic recession

Bangladesh to make ventilators with Bangladeshi-headed Irish firm

Bangladesh will manufacture ventilators designed by Medtronic, an Ireland-based medical device firm with a Bangladeshi at the helm, as new coronavirus cases continue to emerge with the people almost under a lockdown

Indigenous tests kits likely to be available in India in two weeks

India's Institute of Genomics and Integrative Biology (IGIB) director Anurag Aggarwal has said that indigenous tests kits for diagnosis of COVID-19 are likely to be available in the next two weeks

Kuakata's red crabs return to the beach

With human activity at Bangladesh's beaches grinding to a halt, nature has found ways to flourish. TV reports have shown dolphins swimming around the Cox's Bazaar seashore, and in Patuakhali, a huge number of nomadic crabs can now be seen traversing Kuakata and Gangamati points on Kuakata beach

Sri Lanka budget almost in surplus

Sri Lanka’s budget deficit for the month of February 2020 was almost in surplus with a 24 billion rupee central bank profit transfer which came as a liquidity injection, official data shows shortly before the rupee came under severe pressure

Indian hotel chain offers free rooms to medical personnel in US

US Vice President Mike Pence has said that the Indian multinational hospitality company, Oyo Hotels and Homes, is pitching in to help medical personnel on the frontlines of war on coronavirus by offering them free rooms at its hotels in the US

Kerala development model under stress

‘Lockdown' is a word that has entered the Malayalam lexicon along with ‘social distancing’. COVID-19 is impacting Kerala society in an unprecedented way never seen before

21-day lockdown will come at heavy economic costs to India: Report

As the Indian economy eagerly awaits a financial stimulus to prevent the COVID-19 pandemic from causing major harm, a new report said on that the 21-day nationwide lockdown will result in a direct output loss of nearly 4.5 percent, with further indirect effects