New Delhi, April 14 (IANS) India is well-positioned to consider the India–Middle East–Europe Economic Corridor (IMEC), not merely as a “commercial connectivity initiative” but as “a potential national-security-cum-economic hedge”. The current phase of geopolitical instability offers a political window to press partner countries to expedite implementation of critical rail-link agreements, enhance customs-and-standards harmonisation, and codify shared rules for energy-and-digital-corridor gove…
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New Delhi, April 13 (IANS) State-owned BEML Ltd on Monday said it has secured an export order worth $36.38 million (about Rs 336 crore) from the Middle East for the supply of heavy earthmoving equipment.In a regulatory filing, the company said the equipment will be deployed for infrastructure development projects in the region.With this order, BEML’s international order book has expanded to $106.95 million (around Rs 996 crore), strengthening its global presence, the company added.On March 18,…
New Delhi, April 11 (IANS) China’s push to become a global supplier of renewable energy technology is drawing sharp criticism from Africa, South Asia and Latin America, alleging Chinese solar panels, wind turbines and batteries to be low‑quality and poorly suited to local conditions, a new report has said.The report from Nepal Aaja also argued that these projects are also tied to financing that creates long‑term dependencies.”China’s financing model typically ties loans to technology imp…
New Delhi, April 10 (IANS) Kenya has adopted India’s digital public infrastructure (DPI), including UPI‑style instant payments and DigiLocker‑style digital document storage, to supercharge its governance structure, a new report has said.Kenya’s administrative system, riddled with bureaucratic delays and fragmented IDs, is pioneering a game-changer with the Indian digital systems. To move will speed up public services and boost digital commerce of the booming African economy, says the repor…
Washington, April 10 (IANS) Rising geopolitical tensions are beginning to reshape economic expectations, with the World Bank’s president Ajay Banga warning that prolonged conflict could dampen growth, fuel inflation and strain vulnerable economies.Speaking at the Atlantic Council, World Bank President Ajay Banga said the ongoing conflict in the Middle East, combined with existing crises such as the war in Ukraine, is already exerting pressure on global economic conditions.“The emerging marke…
Kathmandu, April 7 (IANS) Nepal’s Foreign Minister Shishir Khanal is set to participate in the ninth Indian Ocean Conference, scheduled to be held from April 10 to 12 in Mauritius. India’s Ministry of External Affairs, the India Foundation, a New Delhi-based think tank, and the Government of Mauritius are jointly organising the conference — an annual flagship event held since 2016 that brings together global leaders and experts to deliberate on key regional and global challenges in the India…
St. Louis (Mauritius, April 6 (IANS) Karandeep Kochhar, fresh from a brilliant week in Japan, is excited about getting to Mauritius for the IGPL Invitational 2026 – Mauritius hosted by Leander Paes, which is the start of the 3-leg Africa segment of Indian Premier League (IGPL) 2026.The 27-year-old Kochhar, who is flying in straight from Japan, finished Tied-fifth in Japan for his second Top-5 finish in three starts on the Asian Tour this year. He is also keen to add to his tally of IGPL wins a…
New Delhi, April 6 (IANS) Financial protection gap for critical illnesses is widening even as employers and insurers ramp up preventive care and cost sharing mechanisms to shield workers and families from rising treatment costs, a report said on Monday on eve of World Health Day.The professional services firm Aon said that employers in India are increasingly investing in preventive care, outpatient benefits, and digital health and wellness solutions, reflecting a broader shift toward proactive h…
Addis Ababa, April 6 (IANS) The African Union (AU) and its partners have warned that the ongoing Middle East conflict poses a “serious risk” to African economies.In a joint policy brief, the AU, the United Nations (UN) Economic Commission for Africa, the African Development Bank, and the UN Development Program warned that the longer the conflict lasts and the more severe the disruption on shipping routes, energy, and fertilizer supplies, the greater the risk of a significant growth slowdown acro…
New Delhi, April 5 (IANS) India has emerged as an important supplier of food aid to shortage-hit African countries like Mozambique, Malawi and Burkina Faso as part of New Delhi’s humanitarian outreach and commitment to the development of the Global South, the Ministry of External affairs said on Sunday. India has sent 1,000 metric tonnes of rice to drought-hit Malawi, another 1,000 metric tonnes to Burkina Faso, and 500 metric tonnes to flood-affected Mozambique, along with relief supplies.India…