Author: Priyanka Mishra

Opposition in Pakistan demands postponement of Balochistan LG poll

Pakistan Opposition party Pakistan Muslim League- Nawaz (PML-N) Leader Shehbaz Sharif asked the postponement of the local government election in Balochistan in view of the political position Shehbaz Sharif, the president of Pakistan’s opposition Pakistan Muslim League-Nawaz (PML-N), has urged that the local government elections in Balochistan be postponed due to the country’s political crisis, according to local reports. According to ARY News, Sharif has asked the Pakistani Election Commission to postpone the local government election in Balochistan because the province’s officials are engaged in Islamabad. In particular, the ECP has set May 29 as the date for local government…

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Sri Lanka to use up $500 million Indian fuel credit line by April end

About 270,000 MT of fuel has been delivered to Sri Lanka on Wednesday via the Indian credit line. After the delivery of another 120,000 tons of diesel and 35,000 tonnes of petrol to Sri Lanka in the remaining period of this month, India’s USD 500 million fuel credit line will be exhausted. On April 15, India would export the next stock of 40,000 tonnes of diesel, with another cargo coming on April 18. India would also provide petrol stock on April 22. According to the Daily Mirror reports, India is set to supply a similar amount of diesel on April…

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rajnath singh to release 3rd positive indigenization list of defense equipment today

Defense Minister Rajnath Singh will present the third positive indigenization list of defense equipment on Thursday, advancing Prime Minister Narendra Modi’s aim for ‘Atmanirbhar Bharat.’ The third positive indigenization list was released today by the Ministry of Defense, promoting Prime Minister Narendra Modi’s ambition for Atmanirbhar Bharat. The defense minister indicated in a tweet that this third list builds on the 101-item first list and the 108-item second list, both of which were released in 2020 and 2021. According to the Ministry of Defence, the third list builds on the first, which had 101 items, and the second, which had…

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Belt and Road Initiative obligations falling apart in Nepal

China’s illusory pledges to build infrastructure in Nepal under the ‘Belt and Road Initiatives (BRI)’ are unravelling. According to The Singapore Post, Nepal jeopardised its traditional links with India in exchange for Chinese aid in several spheres. Nepal joined China’s Belt and Road Initiative (BRI) in 2017, with the goal of becoming a middle-income country by 2030. After five years, though, the promises are crumbling one by one. Improving the Himalayan nation’s institutional ability to support its transformation from a land-locked to a ‘land-linked’ state was among the unnecessary promises. Because of ever-increasing Chinese preconditions for commencing various infrastructure projects,…

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Sri Lanka president revokes emergency order, govt in incoherence as economic crisis deepens

After dozens of MPs walked out of the ruling coalition, President Gotabaya Rajapaksa lifts the state of emergency. Sri Lankan President Gotabaya Rajapaksa has lifted the state of emergency. After hundreds of MPs walked out of the ruling coalition, which has been battling to control protests over the country’s economic downturn, Finance Minister Ali Sabry resigned a day after his appointment and ahead of important meetings with the International Monetary Fund for a loan program on Tuesday, in yet another blow for the administration. On Monday, Rajapaksa disbanded his Cabinet and sought to establish a unity government as public outrage…

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NTPC's Annual Coal Imports Likely to Hit 8-Year High

During the fiscal year ending March 2024, the state-run utility, which generates over a quarter of India’s electricity, NTPC will import 16 million tons of coal for blending with domestic coal, according to authorities. Despite near-record prices, NTPC Ltd.’s (NTPC.NS) coal imports this fiscal year would be the biggest in eight years, according to two senior company officials, as the business seeks to solve a domestic shortfall. “The Indian government has asked us to purchase 16 million tons, and we will do so to safeguard the country’s energy security,” one official explained. As India’s economy rebounds from the pandemic and…

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Sri Lanka: Resignation of Cabinet Ministers called as a ploy by Opposition leader

Opposition leader and Member of Parliament (MP) of Sri Lanka, Sajith Premadasa claims that the Cabinet Ministers’ resignation is a melodrama staged to deceive the country’s people. In an interview with ANI, the Opposition Leader stated, “The melodrama is being staged to deceive the country’s citizens. There is no serious effort to restore rationality and relief to our society and people. It’s a ruse to deceive the public.” Premadasa reiterated the demands of opposition parties, saying, “We are looking for quick help for the people. We want to ensure that people’s lives and rights are protected.” Sri Lanka is amid…

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HDFC shares price upturn after merger announcement

Share price of HDFC Bank on BSE has increased by almost 13% to Rs 1712.45. The share price of Housing Development Finance Corporation Ltd, or HDFC Ltd, on the BSE has increased by nearly 15% to Rs 2818.55. HDFC Bank’s share price leaped 10%, while Housing Development Finance Corporation Ltd or HDFC Ltd share price raised 13% in early morning trade on Monday. It resulted after both companies said India’s largest private lender, HDFC Bank, would converge with the country’s largest housing finance company, HDFC Ltd in order to create a financial services conglomerate, as per a report on Reuters.…

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Sri Lankan President Rajapaksa declares state of emergency after violent protests over economic crisis

A day after hundreds of people attempted to attack his resident amid an unprecedented economic crisis, Sri Lankan President Gotabaya Rajapaksa proclaimed a state of emergency, giving security personnel broad powers. Sri Lanka has imposed a state of emergency due to rising protests over the country’s economic crisis, which has sparked widespread public outrage. President Gotabaya Rajapaksa declared an emergency a day after hundreds of people gathered outside his house and demanded his resignation. According to reports, several people were arrested and some were injured as a result of police use of force. The crisis in South Asia comes at…

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Afghanistan: Around 12 people killed in Bomb blasts at playing field in Heart

Several children were killed in two different attacks in Afghanistan on Friday, one in the city of Herat and the other in the southern Helmand province. A bomb blast at a playing field in Afghanistan’s western province of Herat killed over 12 people and injured at least 25 on Friday. According to TOLOnews, the death rate due to the explosion in Herat city’s PD 12 risen to 12, with 25 wounded, as per regional health officials. They said, the explosives were hidden in a sports field and inflamed while young people were playing. Two bombs went off in quick succession…

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