Kathmandu, June 12 (IANS) Just a week after returning from India, Nepal’s Foreign Minister Shishir Khanal is now set to pay an official visit to China from June 14 to 17, the two countries announced on Friday.The foreign ministries of both countries said in separate statements that Khanal will undertake the four-day visit to Beijing at the invitation of Chinese Foreign Minister Wang Yi, who is also a member of the Political Bureau of the Communist Party of China Central Committee.”Minister Khana…
Latest Foreign Direct Investment News & Updates
New Delhi, June 11 (IANS) Highlighting Maharashtra’s role as the nation’s economic powerhouse, contributing 14% to the national GDP, Chief Minister Devendra Fadnavis on Thursday unveiled the comprehensive “Viksit Maharashtra 2047” vision document at the 11th Governing Council meeting of NITI Aayog on Thursday. He emphasised that while physical infrastructure creates opportunities, it is the state’s human capital that will drive India toward its target of becoming a developed nation (“Viksit Bh…
New Delhi, June 10 (IANS) India has witnessed strong and broad-based economic transformation over the past 12 years, with major gains across growth, manufacturing, services, external sector performance and investment climate, ASSOCHAM President Nirmal K Minda said on Wednesday.Congratulating Prime Minister Narendra Modi on becoming the longest-serving Prime Minister of India, Minda said the country has achieved multiple milestones under his leadership.“Our economy’s growth fundamentals have …
Mumbai, June 5 (IANS) India’s foreign exchange reserves rose by $938 million to $682.321 billion in the week ended May 28, reversing the decline recorded in the previous week, according to data released by the Reserve Bank of India (RBI) on Friday.The country’s forex reserves had fallen by $7.511 billion to $681.384 billion in the preceding reporting week.Despite the recent volatility, India’s reserves remain among the highest globally, although they are below the record high of $728.494 billion…
Bhubaneswar, May 29 (IANS) The Odisha government has signed a Memorandum of Understanding (MoU) with Intel and 3D Glass Solutions (3DGS) of the US for the establishment of an Advanced Packaging Substrate Manufacturing Facility in the state — a first-of-its-kind project in India, government officials said on Friday. As per an official statement issued, the facility will leverage advanced glass-based substrate technologies and high-density interconnect packaging, essential for sectors such as AI,…
Mumbai, May 26 (IANS) The trailer of the upcoming film ‘Governor’ starring Manoj Bajpayee was unveiled on Tuesday. It showcases a pivotal chapter in India’s economic history, when the nation was standing on the verge of bankruptcy in 1990. The trailer thrives on building up constant tension around the economy, and highlights the massive public outrage caused by the failing economy. Amidst this crisis, the nation had to take a crucial step to save India from collapse.The film is inspired by…
New Delhi, May 26 (IANS) Insurance Regulatory and Development Authority of India (IRDAI) has tightened rules on top executive remuneration, linking their bonuses and incentives to measurable customer outcomes, financial health and transparency disclosures. IRDAI said remuneration of Key Management Personnel (KMPs) including chief executives must be aligned with defined performance parameters such as claims settlement speed, grievance redressal and product performance.Cost efficiency, policy rete…
Mumbai, May 25 (IANS) Maharashtra Chief Minister Devendra Fadnavis on Monday lauded Prime Minister Narendra Modi’s leadership and vision, stating that the last 12 years have been truly historic and transformative. He said the nation has shed its image of dependency and emerged as an ‘Atmanirbhar Bharat’ with enhanced global prestige and self-respect.He noted that these 12 years were marked by structural, economic and social reforms that broke decades of policy paralysis. He highlighted key…
New Delhi, May 23 (IANS) An employment drive initiated by Prime Minister Narendra Modi about three years ago has significantly contributed to youth empowerment through time, adding to India’s “Vikas Yatra” that has attracted global interest. While distributing more than 51,000 appointment letters to newly-appointed youth in various government departments and organisations at the 19th Rozgar Mela on Saturday, the Prime Minister said that the world is very excited about India’s youth and technolog…
New Delhi, May 23 (IANS) Pakistan is grappling with a mounting foreign exchange crisis driven by pressure to repay roughly $4.8 billion of external debt, weak investor confidence and falling foreign direct investment (FDI), a report has said.The report from Times of Oman said that foreign direct investment plunged 33 per cent in FY26 to $1.195 billion, continuing a declining trend of $1.92 billion in 2023–24 and $1.83 billion in 2024–25. As a share of GDP, FDI remained below 0.45 per cent.De…