The existing SAARC Development Fund could be merged into the bank.
The highlights of the Declaration adopted at the 14th SAARC Summit.
Finance Ministers of the eight-nation regional bloc South Asian Association for Regional Cooperation in their second meeting here agreed to expedite early operationalisation of the Saarc Development Fund.
In a phased and planned manner the countries will go for Free Trade Areas, a Customs Union, a Common Market, and a Common Economic and Monetary Union.
Bangladesh has demanded a public apology and compensation from Pakistan for the 1971 atrocities, raising "historically unresolved issues" during the first foreign secretary-level talks between the two countries in 15 years. Dhaka also asked Islamabad to pay USD 4.3 billion as its share from the combined assets at the time of East Pakistan's split from West Pakistan in 1971 to form an independent Bangladesh.
The Union Cabinet today approved the release of an additional instalment of Dearness Allowance at 6 per cent to central government employees and dearness relief to pensioners. The allowance will be released with effect from January 1, 2008. The DA rate now stands at 47 per cent.
India will provide immediate medical visa for patient and an attendant coming for treatment as well as business visa for 3-5 years for SAARC nations.
'We operate in 16 countries already, and therefore adding the UK to it, and beginning a chapter in the European continent is the next step.'
'Wherever the government has provided incentives for the purchase of two-wheelers, three-wheelers, cars, buses, and trucks, it gets a push for most of these alternate fuels. '
The meeting between Jaishankar and Zameer in the Ugandan capital city of Kampala came amid an unease in the Maldives' bilateral ties with India.
India on Wednesday announced setting up of a fund that would help South Asia effectively meet urgent adaptation and capacity building needs posed by climate change and also proposed establishment of innovation centres in the region to develop sustainable energy technologies.
Upbeat on the rapidly evolving entrepreneurial environment in the country, Cisco has created a $40 million (over Rs 240 crore) fund, a first by the networking solutions giant in any of its present geographies.
New Delhi has reached out to neighbours like seldom before while singling Islamabad for criticism at international forums.
Foreign direct investment in India has increased by about 35 per cent to $13.6 billion during the first half of 2013 with merger and acquisitions accounting for the bulk of inflows, says an UNCTAD report.
Referring to the COVID-19 pandemic, Modi said India has always prided itself as the first responder in the region - a friend in need.
India's GDP growth for the current fiscal is expected to slow down to 4.8 per cent, a UN report has said, warning that the Covid-19 pandemic is expected to result in significant adverse economic impacts globally. The UN 'Economic and Social Survey of Asia and the Pacific (ESCAP) 2020: Towards sustainable economies' said that Covid-19 is having far-reaching economic and social consequences for the region, with strong cross-border spillover effects through trade, tourism and financial linkages.
India's soft power diplomacy came into play during this cataclysm affecting the world as the pandemic defies barriers and borders, notes Rup Narayan Das.
Meet the trailblazers on Forbes 2018 list.
As its factories resumed operations after over two-month of grim battle against coronavirus, China is busy tapping into the vast business opportunities of export of key medical goods, specially ventilators and personal protection equipment (PPE), across the world, including India, where both private and government bodies are placing orders for the import of these products.
To tap into the growing demand for offices, several global and Indian co-working entities are creating stock in the top cities.
Details were not immediately available ahead of a planned government briefing.
'New Delhi showed itself willing -- at least for a period -- to tolerate the risk of conflict and to withstand Beijing's implicit and explicit threats.' 'But it also continued to try to cut some kind of deal with China to reduce tensions.'
India has moved up 16 positions to rank 55th on a global index of the world's most competitive economies, where Switzerland remains on top.
For the CBI, crimes are likely to become more innovative, complex, driven increasingly by technology and transcending geographical boundaries, says Anil Kumar Sinha.
Thirty-four years after he traveled to space, Wing Commander Rakesh Sharma tells Rediff.com's Archana Masih that he looks forward to Gaganyan, India's first manned space mission in 2022.
10 takeaways from the prime minister's UN speech.
'At the very end of his speech, he dealt with the 'small problems' of Indian workers. But these measures did not seem to satisfy those who had expected the prime minister to find solutions for their problems. That the prime minister generally focused on broad policy issues and not on matters of detail left them bewildered,' says Ambassador T P Sreenivasan.
Rajapaksa has blamed India, the United States and European countries for his humiliating defeat.
'The Opposition has no option but to make it an 'All versus One' fight to even think about winning.'
'Well begun is half done, today there are more hits than misses by the Modi government in its support towards science in India,' says Pallava Bagla.
Prime Minister Narendra Modi on Friday addressed the nation on the 68th Independence Day from the ramparts of the historic Red Fort for the first time.
In the near term, two key factors are the outcome of the monsoon season in respect to cropping yields; and the correction in the crude oil price.
'Those who have seen the functioning of the Modi government in Gujarat know that the issues related to Hindutva and issues of economy and growth function simultaneously.' 'Modi's politics are based on the understanding of the middle-class consumer society which is in pursuit of material aspirations.' Sheela Bhatt/Rediff.com reveals the Modi government's economic and political plans for the year ahead.
The Security Council as it is today is unable to bring peace and security in the world and so there is reason for countries like India to become members of the Council, Ambassador Asoke Kumar Mukerji tells Sheela Bhatt/Rediff.com.
'The path to a resolution of the ethnic conflict is likely to be complicated and controversial with the majority Sinhalese community, and will become less likely if delayed.' 'It will certainly give Rajapaksa fresh political oxygen with which to revive himself and rally the opposition.'
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