Nepal Finance Minister Invites Non-residents to Open Dollar Accounts
The Nepal government has urged Nepalese residing in foreign countries to open dollar accounts in banks in the country and make investments amidst the economic crisis in the Himalayan nation. Nepal's foreign reserves have been hit by a slump in tourism during the pandemic, a problem that has also hit Sri Lanka which is going through a crippling economic crisis since gaining independence from the UK in 1948.
There will be no shortage of liquidity if 100,000 NRNs open bank accounts in Nepal at the rate of 10,000 dollars. As the price of petrol has increased, millions of dollars have to be spent on that. He also informed that the government has completed the proper policy process for the dollar account for the benefit of Nepalese living abroad.
Landslides and Flooding across the Central and Southern Philippines after Tropical Storm Megi
In the Philippines, the authorities said yesterday that at least 25 people died in landslides and floods caused by tropical storm Megi as it hit the eastern and southern coasts of the Southeast Asian country. Rescue crews are battling to retrieve people stranded on the eastern and southern coasts.
More than 13,000 people fled to higher-ground shelters as the storm lashed the east coast. Heavy rain and winds knocked out the power supply, flooded homes and fields and caused mudslides in villages.
Storm Megi, known locally as Agaton, hit the archipelago with winds of up to 65 kilometres per hour.
BlackRock-led Consortium to Invest Rs. 4,000 cr in Tata Power Renewables
Tata Power said that a BlackRock Real Assets-led consortium, including Mubadala Investment Company, would invest Rs 4,000 crore for a 10.53% stake in the company's renewable energy unit. This translates to a base equity valuation of Rs 34,000 crore for Tata Power Renewables, the company said in a stock exchange filing. The first round of investment is expected to be completed by June and the rest by the end of 2022. The final shareholding will range from 9.76% to 11.43% on final conversion.
The investment is expected to fund Tata Power Renewable Energy's aggressive growth plans in the rooftop and electric vehicle charging space in India.
Paytm Becomes Official Digital Payments Partner for PMs' Museum
Paytm become an official digital payments partner for the prime ministers' museum in the national capital. Prime Minister Narendra Modi inaugurated the 'Pradhanmantri Sangrahalaya' (prime ministers' museum), which is a tribute to every prime minister in the country since independence. At the inauguration, Modi was the first person to buy the ticket through Paytm electronic data capture machine.
As the official partner for the museum, Paytm is offering its payment gateway, EDC (Electronic Data Capture) machines and QR code payment options to make way for superfast, convenient and secure transactions.
Cabinet Approves Pact between SEBI, Canada's Manitoba Securities Commission
The Union Cabinet approved signing of a pact between the Securities and Exchange Board of India (SEBI) and Canada's Manitoba Securities Commission. The bilateral Memorandum of Understanding (MoU) seeks to have a formal basis for cross-border co-operation in the area of securities regulations.
It would facilitate mutual assistance, contribute towards efficient performance of supervisory functions, aid in imparting technical domain knowledge and enable effective enforcement of the laws and regulations governing securities markets. The MoU would also make investors from Manitoba eligible for registration as FPIs (Foreign Portfolio Investors) with SEBI.
India to Host Street Child Cricket World Cup in 2023
India is ready to host the Street Child Cricket World Cup in 2023. This World Cup is organized by Street Child United and Save the Children India, the Street Child Cricket World Cup 2023 will welcome 22 teams from 16 countries to India.
Countries that will participate are Bangladesh, Bolivia, Brazil, Burundi, England, Hungary, Mauritius, Mexico, Nepal, Rwanda, South Africa, Sri Lanka, Tanzania, Uganda and Zimbabwe. In addition to the partnership between Street Child United and Save the Children the SCCWC 2023 will also collaborate with World Bank, ICC and the British High Commission.
National Agriculture Market (e-NAM) Completes 6 years
National Agriculture Market (e-NAM), a pan-India electronic trading portal has completed six years. The flagship programme integrates physical wholesale mandis and markets of different States and Union Territories to facilitate online trading of agricultural commodities. Launched by Prime Minister Narendra Modi in 2016, e-NAM is completely funded by the Central Government and is being implemented by the Small Farmers Agribusiness Consortium.
e-nam platform promotes better marketing opportunities for the farmers to sell their produce through online competitive and transparent price discovery system. Farmers are free to register on e-nam portal and sell their produce. A total of 1000 mandis of 18 states and 3 union territories have been integrated with e-nam platform and more than one crore 72 lakh farmers have registered on this platform so far. The agricultural produce trade with a value of one lakh 82 thousand crore rupees was recorded so far on e-nam platform.
Shivpal Yadav Dissolves Party Units amid Speculation over BJP Bonhomie
Akhilesh Yadav's uncle Shivpal Yadav dissolved all his party's working committees in Uttar Pradesh, and national and state working cells. The Pragatisheel Samajwadi Party's move came amid speculation about the 67-year-old leader's growing bonhomie with the BJP.
As per Deepak Mishra, the party spokesperson, this is a routine exercise that most political parties do post assembly or Lok Sabha elections. And then reconstitute and reorganise the outfit for the next elections.
Trishakti Corps Conduct EX KRIPAN SHAKTI at Teesta Field Firing Ranges (TFFR)
The Trishakti Corps conducted Ex Kripan Shakti, an Integrated Fire Power exercise at Teesta Field Firing Ranges (TFFR) near Siliguri, West Bengal (WB). The exercise was aimed at orchestrating and synergizing the capabilities of the Indian Army and the Central Armed Police Forces to fight an integrated battle.
Units of the Trishakti Corps demonstrated their ability to hit hard and swiftly with precision during the exercise. The firing involved employment and firing of all arms and weapon systems including guns, mortars, infantry combat vehicles, helicopters and employment of Intelligence Surveillance and Reconnaissance platforms to execute the 'Sensor to Shooter' concept.
China Holds Military Drills as US Delegation visits Taiwan
China deployed fighter aircraft, bombers and warships around self-ruled Taiwan as a visiting US Congressional delegation signalled support for the island, a tour termed by Beijing as "provocative" and raising tension in the region.
China conducted the multi-forces drill in and over the area around Taiwan and the East China Sea.
According to the PLA, the large-scale drill was called a "joint patrol readiness combat" with emphasis on naval assault. This operation was conducted targeting the recent wrong signals the US sent on the Taiwan question.
April 17 2022, is World Hemophilia Day. The theme of the event for 2022 was "Access for All: Partnership. Policy. Progress. Engaging your government, integrating inherited bleeding disorders into national policy".
By raising awareness and bringing hemophilia and other inherited bleeding disorders to the attention of policymakers, we can increase sustainable and equitable access to care and treatment.
Government launched e-Sanjeevani Tele-consultation facility at one lakh centers on the occasion of 4th anniversary of Ayushman Bharat Health and Wellness. Health Minister Dr. Mansukh Mandaviya said, now the common citizens will also be able to take advice from the big doctors of the country. He said, government is strengthening the primary healthcare network with Ayushman Bharat Health and Wellness Centre.
More than one lakh 17 thousand Health and Wellness Centre have been operationalized in the country so far.
Karnataka: Belur Temple Continues Tradition of Kicking off Festival Rathotsava (Car Festival) with Quran Recitation
The historic Chennakeshava temple in Belur continued with its age-told tradition of kicking off the rathotsava (car festival) after reciting passages from the Quran, despite opposition from right-wing activists. According to the tradition, a maulvi reads out excerpts from the Quran to mark the beginning of the celebrations at the Chennakeshava temple.
Recently, as the spectre of communal tension loomed large over Karnataka, right-wing activists had urged the district administration and temple authorities to bar Muslim traders from taking part in the festival. However, the state endowment department had directed the temple administration not to bar any non-Hindu traders and allowed them to set up stalls and participate in the celebrations.
Saudi Arabia to Allow one Million Pilgrims to Perform Hajj this Year
Saudi Arabia announced that it will allow one million pilgrims to perform the Hajj pilgrimage this year. Muslims from within and outside the country will be able to perform the Hajj as long as they are fully vaccinated against COVID-19 and are under the age of 65.
Due to the COVID-19 pandemic, only a few thousand domestic pilgrims were permitted to perform the Hajj in 2021.
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