As I am writing this essay, the first day of the BRICS Summit chaired by Brazil in Rio de Janeiro has concluded. Some official statements have already been released, all centered on highlighting the importance of the Global South to emerge and thrive in a world so far dominated by developed nations from the West....
RIO DE JANEIRO, July 6: BRICS leaders meeting in Rio de Janeiro on Sunday are expected to decry US President Donald Trump’s “indiscriminate” trade tariffs, saying they are illegal and risk hurting the global economy. Emerging nations, which represent about half the world’s population and 40 percent of global economic output, have united over “serious...
The Americans play a pivotal role in Nepal’s geopolitical chessboard. For a country sandwiched between India and China, the US has over the decades given the landlocked Nepal an agency and option beyond its immediate neighbourhood. Most recently, this was evident during the 2015-16 Indian blockade when the American anti-blockade positioning helped Nepal spread the...
Prime Minister KP Sharma Oli has announced that the Karnali Corridor will be developed as a trade route connecting Nepal with both China and India. Speaking at the inauguration of a bailey bridge over the Chuwakhola River in Kharpunath Rural Municipality, Humla, on Sunday, the Prime Minister emphasized that the corridor holds strategic importance not...
India has surpassed Japan to become the world’s fourth-largest economy. It is also the fastest-growing major economy globally and the only South Asian nation projected to maintain over six percent annual growth. Earlier this month, the IMF’s World Economic Outlook confirmed that India remains the world’s fastest-growing economy, with its GDP now standing at $4.3trn....
The Millennium Challenge Corporation (MCC), an American bilateral foreign aid agency, has been mired in controversy in Nepal since the get-go. It signed a $500 million compact with Nepal in September 2017. Proposed projects aimed to maintain road quality, increase the availability and reliability of electricity, and facilitate cross-border electricity trade between Nepal and India,...
In the aftermath of the devastating flash flood in Rasuwa district, which borders China, Minister for Energy, Water Resources and Irrigation, Dipak Khadka, emphasized the urgent need for stronger coordination with the Chinese government to mitigate future disaster impacts.”Many rivers originate in China and flow into Nepal. Coordination and collaboration with our northern neighbor is...
Kathmandu, July 11: Chief of Army Staff Ashok Raj Sigdel has said that Nepal-China relations, founded on the principles of Panchasheel, are incomparable. He added that the ties between the Nepali Army and the Chinese People’s Liberation Army (PLA) are equally cordial. During his address to a reception held the Chinese Embassy on Friday to...
KATHMANDU, July 12: The Consulate General of Nepal in China’s Chengdu organized “Trade and Investment Promotion Dialogue’ in Chengdu on Thursday. The event saw the presence of Li Huaiqiang, Deputy Director General of Sichuan Foreign Affairs Office, Wu Ge, Deputy Director General from Sichuan Provincial Department of Commerce, representatives from SASAC Sichuan, CCPIT Sichuan, and...
NEW DELHI: In a blunt warning that has confirmed the worst f .. Read more at:http://timesofindia.indiatimes.com/articleshow/122397764.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst