Kathmandu, April 30 (IANS) The death toll from a jeep crash in Thawang Rural Municipality of western Rolpa district has reached 20, the District Administration Office, Rolpa, said. A jeep carrying 22 passengers plunged 700 metres off the road, killing most of those on board on the spot.“So far, 20 have been confirmed dead, while two are undergoing treatment at a local hospital,” Ganga Bahadur Kshetry, Chief District Officer of Rolpa, told IANS.The incident happened on Thursday evening after …
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New Delhi, April 29 (IANS) The Ministry of Heavy Industries held a high-level meeting on Wednesday to deliberate on financing mechanisms required to accelerate the adoption of electric buses and trucks in the private sector.Officials at the meeting, chaired by Heavy Industries Secretary Kamran Rizvi, discussed the financing challenges for the adoption of e-buses and e-trucks, the current status of financing these heavy vehicles, and potential solutions to address the challenges, as well as the g…
New Delhi, April 28 (IANS) In fresh trouble for financially-starving Pakistan, the International Monetary Fund (IMF) has added 11 new conditions to the ongoing $7 billion Extended Fund Facility (EFF) programme, according to a new report.A report in Business Recorder says that one condition is the enactment of an amendment to the Special Economic Zones (SEZ) Act and the Special Technology Zones Authority Act to phase out existing fiscal incentives and shift from profit-based to cost-based incenti…
Kathmandu, April 28 (IANS) Nepal’s prolonged sluggish economic growth is likely to continue in the current fiscal year 2025-26, with the National Statistics Office projecting growth at 3.85 per cent on Tuesday. Though this is slightly higher than the government’s revised projection of 3.5 per cent made in February, it reflects the continuing low-growth trajectory since Covid-19 struck the country in fiscal year 2019-20, when the economy contracted by 2.37 per cent.Nepal’s Finance Ministry stat…
New Delhi, April 26 (IANS) Nepal is facing an ever-widening trade deficit with China as it imports goods such as electronics, machinery, vehicles and textiles from the neighbouring country, while its exports, in return, are a small fraction of this amount, an article noted.The asymmetry is stark as in the first half of the financial year 2025-26, Nepal’s imports from China exceeded Rs 195 billion, while exports to China amounted to a small percentage, according to the article in Eurasia Review…
New Delhi, April 25 (IANS) Prime Minister Narendra Modi on Saturday said that NITI Aayog has emerged as a vital pillar in India’s policy-making architecture, fostering cooperative federalism, furthering reforms and boosting ‘Ease of Living.’It serves as a dynamic platform for innovation and long-term strategic thinking across sectors, said Prime Minister as he congratulated Ashok Kumar Lahiri on becoming the Vice Chairman and other full-time members.“The Government has reconstituted the …
New Delhi, April 25 (IANS) Newly appointed Niti Aayog’s Vice Chairman, Dr. Ashok Lahiri, on Saturday met with Prime Minister Narendra Modi in the national capital.This meeting took place a day after assuming charge, marking his first official engagement in the role.Following the meeting, Lahiri, who is also a BJP MLA from West Bengal and a renowned economist, shared the details on social media platform X.”Today, I met with the Prime Minister, Narendra Modi,” he wrote on X.Lahiri had succeeded …
Kolkata, April 25 (IANS) In a development with strong Bengal resonance, outgoing West Bengal Bharatiya Janata Party Member of Legislative Assembly and noted economist Ashok Kumar Lahiri has been selected to become the next vice-chairman of NITI Aayog, according to people familiar with the matter. His appointment, once formalised, will make him the effective head of the government’s premier policy think tank, as the chairpersonship is held by the Prime Minister by default. Lahiri will succeed S…
Washington, April 23 (IANS) India’s push to sustain high economic growth over the next two decades will hinge on investments in human capital and regulatory reforms, a senior policy expert said, flagging skills and workforce gaps as key challenges to the country’s long-term ambitions. Speaking at the New India Conference here, Hemang Jani, Public Policy & Governance expert at the World Bank and former OSD to the Prime Minister’s Office, said India remains well-positioned globally but m…
Washington, April 23 (IANS) India is emerging as a key player in a global shift in supply chains, driven by efforts to reduce dependence on China, former US official Nisha Biswal said. Biswal, Partner at The Asia Group and former US Assistant Secretary of State for South and Central Asian Affairs, said businesses are rethinking their strategies amid geopolitical and economic uncertainty.“There has been enormous progress,” she said, noting that US-India trade has grown “from 50 billion… t…