Report in The Kathmandu Post, June 6, 2023After the annual budget included the controversial Local Infrastructure Development Partnership Programme, popularly known as the Constituency Development Fund, the Rastriya Swatantra Party has vocally opposed the government’s move. Last Thursday, the party registered a resolution motion at the Parliament Secretariat demanding that the disputed fund be scrapped. Since the economy is in a poor shape, the state coffers will suffer further from such a disputed programme, which…
Posts tagged as “development”
report in The Island, May 31, 2023Chinese Vice Minister of Foreign Affairs Sun Weidong has assured Premier Dinesh Gunawardena that China will always stand by Sri Lanka’s sovereignty as well as for political independence and socioeconomic development. The meeting took place at Temple Trees. The Vice Minister assured that China will increase investments in several areas, such as agriculture, trade and commerce, ports, and infrastructure development in Sri Lanka. He also said China will continue…
development in Sri Lanka – Chinese Vice Minister of Foreign Affairsreport in The Island, May 31, 2023Chinese Vice Minister of Foreign Affairs, Sun Weidong who called on Prime Minister Dinesh Gunawardena at the Temple Trees on Tuesday (May 30) assured that China will increase investments in several areas such as agriculture, trade and commerce, ports and infrastructure development in Sri Lanka. He also said China will continue to provide economic assistance as well as support…
Report in TOLOnews Online, April 14, 2023 at 3:14 PMA joint statement of an informal meeting of the Foreign Ministers of China, Russian, Pakistan and Iran, said the NATO member countries should “bear primary responsibility for the predicament in Afghanistan, should create opportunities for economic development and prosperity in Afghanistan, should instantly lift unilateral sanctions against Afghanistan and return its overseas assets, for the benefits of Afghan people.” A two-day conference of the foreign ministers…
by Rejaul Karim Byron , Mohiuddin Alamgir in The Daily Star, Apr 13, 2023The poverty rate in Bangladesh has dropped significantly but income inequality is at an all-time high, according to the latest version of the Household Income and Expenditure survey — in a puzzling development that raises questions about the nature of economic growth seen in recent times. “If we take the HIES 2022 data highlights at their face value, there is both good…
by Hariram Upreti in The Kathmandu Post, Apr 2, 2023The road upgrade work of the 13km stretch from Barpak to Gupsipakha in Laprak is left in a limbo. The work remains incomplete due to the negligence of contractors, according to the Infrastructure Development Office. In May 2020, the office struck a deal with the construction company Sharma/Bikash JV, which agreed to complete the work within two years. After the company failed to abide by the…
by S Bashu Das in Dhaka Tribune, Mar 21, 2023Normalcy in the popular tourist destination, Bandarban, has been disrupted for the last few months due to the armed activities of the separatist group Kuki-Chin National Front (KNF) and operations by different security agencies to arrest its members. The tourism industry is the most affected sector due to the reckless activities of the KNF and its armed wing Kuki-Chin National Army (KNA) in the border areas…
by Rejaul Karim Byron in The Daily Star, Mar 3, 2023Bangladesh and India are in talks about doing away with the dollar as the official currency for payments between the two countries — a development that would bring down the cost of trade as well as the conversion rate losses for businesses and ordinary people. The talks took place on the sidelines of the G20 Finance Ministers and Central Bank Governors meeting held in the…
By Banafsha Binesh in ToloNews, Feb 24, 2023 at 8:31 PMThe International Crisis Group said in a new report that the latest restrictions imposed by the Islamic Emirate have dealt women’s freedoms a “grievous blow” in Afghanistan and that they are also impeding delivery of life-saving assistance, disrupting the world’s largest aid operation even as half the population suffers from acute hunger. “The unrecognized regime’s isolation undermines humanitarian and development efforts,” the report said. “It…
By Bibi Amina Hakimi in Tolo News, Feb 20, 2023 at 10:11 PMThe CASA 1000 project is reportedly facing a two-year delay due to the withdrawal of the World Bank and the United States Agency for International Development (USAID), Pakistani media reported, citing sources within the country’s economic ministry. According to the Business Recorder, a financial newspaper in Pakistan, the discussion regarding CASA-1000 project was held under the chairmanship of the Secretary of Economic Affairs…