Author: Okyanus Barelvi

AHMEDABAD, India – India wants to make its financial hub in the western state of Gujarat a centre for global sustainable finance to help fund the $10 trillion investment needed to achieve its 2070 net zero emissions goal, Prime Minister Narendra Modi said on Saturday. “GIFT IFSC is an efficient channel to make India a low-carbon economy and get the required green capital flow. Issuance of financial instruments such as green bonds, sustainable bonds, sustainability-linked bonds will help the world,” Modi said in a speech. He said India wants to expand the role of GIFT City to make it a new…

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ISLAMABAD — Pakistani officials said Tuesday that the United States did not object to Islamabad’s deportation of Afghan nationals who are illegally residing in the country but requested the process be slowed down during winter. The crackdown on undocumented foreigners, including 1.7 million Afghans, came under discussion at a meeting with a visiting U.S. delegation led by Julieta Valls Noyes, the U.S. assistant secretary of state for the Bureau of Population, Refugees and Migration. A Pakistani official privy to the talks said that the U.S. side sought to prevent the deportation of around 25,000 “vulnerable” individuals who fled the Taliban’s August…

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The coming election to choose the World Health Organization’s next chief of the South-East Asia Regional Office, or SEARO, has become contentious as the person who takes up that post could influence the health of billions of people. The daughter of Bangladeshi Prime Minister Sheikh Hasina is one of two candidates for the SEARO position. Saima Wazed’s nomination has sparked controversy with many health experts calling it “nepotism,” and expressing concern over the election process to fill senior roles at the U.N. health body. A candidate for the SEARO post should have a “strong technical and public health background and…

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If there was an award for the most popular snack, not chef, the samosa would emerge a worthy winner. Its Indian popularity aside, it is one of the most globalised snacks existing in not just South Africa and the Arab world, where it originated, but in Africa and South America too. Different fillings, different shapes, different coverings, and even different techniques of cooking (fried or baked, you take a pick) and yet it is a dish that is instantly recognisable and instantly loved. The samosa is a tea time snack in northern India, but even in the subcontinent, its variations…

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US State Department spokesperson Matthew Miller has said the United States does not want to influence the outcome of the upcoming Bangladesh election through its visa policy. “I’ll just say the United States does not support any particular party and does not want to influence the outcome of the election, only to ensure that the people of Bangladesh may freely choose their leaders,” he said while replying to a question at a regular press briefing on Monday. He was particularly asked about a statement by Ambassador Peter Haas in Bangladesh on possible visa curbs on media personnel, which opposition leaders…

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NEW DELHI: AIFF President Mr Kalyan Chaubey and Secretary General Dr Shaji Prabhakaran’s meeting with legendary coach and FIFA Chief of Global Football Development, Mr Arsène Wenger, in Australia last month to finalise the setting-up of a central academy in India was the beginning of what is set to be a significant association between FIFA and the AIFF. Mr Wenger, who is expected to visit India in October, opened up on the inspiration for working with the AIFF on such a talent development project. “I would say that football is the most popular sport in the world and it looks logical…

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Coming off what has been considered a successful G20 summit, India is building on its position as a neutral partner to countries with competing interests. At the G20 summit in New Delhi last week, India persuaded the US and Europe to soften wording of the joint communique on Russia’s invasion of Ukraine so that the summit could provide consensus on addressing the concerns of poorer countries, including global debt, food security and financing for climate issues. Without a dissenting note, the world’s 20 biggest economies formally adopted a joint declaration. The language used in the Delhi document was markedly softer on Russia than the wording in the Bali…

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Foreign minister AK Abdul Momen on Friday said that Bangladesh is getting more importance to foreigners due to its geological position and development. ‘That’s why, Bangladesh is remained under surveillance of the foreigners. We have fallen into the global game,’ he said. Momen came up with the claim responding to reporters after addressing as chief guest at an inaugural programme of twelve development projects, implemented in Sylhet sadar upazila by the local government engineering department. The inauguration ceremony was held in the auditorium of the sadar upazila council at noon. ‘A party and their expatriate associates are engaged in spreading…

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Sri Lanka “has taken steps” to renegotiate free trade agreements with “key bilateral partners”, the country’s State Minister of Finance, Shehan Semasinghe has said. To begin with, Sri Lanka will focus on discussions with India, China and Thailand, to conclude the ongoing negotiations, “following which Sri Lanka intends to join the Regional Comprehensive Economic Partnership (RCEP),” a regional trade and economic co-operation agreement of 16 Asian countries. Speaking at an Investor Forum, a Sri Lankan road-show organised by the Confederation of Indian Industry (CII) on Wednesday, Semasinghe stressed that the economic troubles the country faced in 2022 were practically over…

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Early last month, Bangladesh and India rolled out bilateral trade in Indian rupees, which was billed by the two countries’ governments as a “landmark” settlement. They said it would not only boost their trade volume with each other, but also help them skirt the global dominance of the US dollar. With a bilateral trade volume worth $16bn, India is Bangladesh’s second-largest trading partner after China. Through this deal, Bangladesh will be able to perform rupee transactions to the tune of $2bn — the amount it gets from its exports to India each year. The country imports $14bn worth of goods…

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