logo
India to build agricultural promotion center in Bajura district of Nepal

India to build agricultural promotion center in Bajura district of Nepal

India Gazette29-05-2025
Kathmandu [Nepal], May 29 (ANI): The Foundation stone for the construction of the Agriculture Promotion Centre for Food Grains Collection and Distribution Centre was laid on Wednesday at Muktikot of Bajura.
As per a release from the Indian Embassy in Kathmandu, the foundation stone was laid jointly by Bharat Bhadur Rokaya, Swamikartik Khapar Rural Municipality, Bajura and Avinash Kumar Singh, Counsellor, Embassy of India, Kathmandu.
'Building of the Agriculture Promotion Centre is being built with the Government of India's financial assistance at a project cost of NRs. 31.41 million under 'Nepal-India Development Cooperation',' the Indian Embassy stated.
The Government of India's grant under 'Nepal-India Development Cooperation' is being utilised for the construction of a building for storage and distribution of grains, comprising a distribution desk, record room, and other allied facilities.
'The project is being taken up as a High Impact Community Development Project (HICDP) and is being implemented through Swamikartik Khapar Rural Municipality, Bajura,' the release stated further.
Chairman, Swamikartik Khapar Rural Municipality, Bajura; Political representatives and other stakeholders appreciated the developmental support being provided by the Government of India to the people of Nepal.
They expressed confidence that the infrastructure being created would help ensure proper collection and storage of agricultural products in the mountainous region, where transportation and communication infrastructure are limited.
Further, the new infrastructure would enable storage of food items for an extended period of time, thereby contributing to the food security of the region.
Since 2003, the Government of India has taken up over 573 HICDPs in Nepal in various sectors and has completed 495 projects. Amongst these, 43 projects are in Sudurpashchim Province, including 2 projects in Bajura.
In addition to these, the Government of India has gifted 1009 ambulances and 300 school buses to various hospitals, health posts and educational institutions in Nepal. Amongst these, 70 ambulances and 27 school buses have been gifted in Sudurpashchim Province. Out of these, three ambulances and one school bus were gifted in Bajura.
'As close neighbours, India and Nepal are engaged in wide-ranging and multi-sectoral cooperation. The implementation of HICDPs reflects the continued support of the Government of India in bolstering the efforts of the Government of Nepal in growth and development of its people by augmenting infrastructure in priority sectors,' the release stated.
Political representatives, government officials, social workers and community members were also present on the occasion. (ANI)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump Rules Out Trade Talks With India Until Tariff Dispute Over Russian Oil Purchases Resolved
Trump Rules Out Trade Talks With India Until Tariff Dispute Over Russian Oil Purchases Resolved

Hans India

time25 minutes ago

  • Hans India

Trump Rules Out Trade Talks With India Until Tariff Dispute Over Russian Oil Purchases Resolved

US President Donald Trump has categorically rejected the possibility of resuming trade discussions with India following his decision to impose comprehensive 50% tariffs on Indian imports, marking a significant deterioration in bilateral economic relations between the two nations. When questioned by reporters in the Oval Office about potential future negotiations, Trump firmly stated that talks would not proceed until the current trade dispute is resolved. His comments underscore the administration's hardline approach toward countries maintaining economic ties with Russia amid ongoing geopolitical tensions. The escalation began when Trump signed an executive order on Wednesday implementing an additional 25% tariff on Indian goods, bringing the total levy to 50% effective August 27. The punitive measures specifically target India's continued petroleum purchases from Russia, with the US administration arguing that such transactions undermine Western sanctions against Moscow. Trump's decision comes alongside threats of secondary sanctions against nations conducting business with Russia, as Washington intensifies pressure on countries to sever economic links with Moscow over the Ukraine conflict. The US president has demanded that countries choose between maintaining Russian trade relationships or facing economic penalties. India has responded with strong criticism, characterizing the American tariff measures as fundamentally unjust and economically unreasonable. The Ministry of External Affairs emphasized that India's energy imports are determined by market dynamics and the imperative of ensuring energy security for 1.4 billion citizens, rejecting any external interference in sovereign decision-making. Prime Minister Narendra Modi delivered a defiant response during his address at the MS Swaminathan Centenary International Conference on Thursday, declaring India's readiness to accept significant economic costs to protect national interests. Modi specifically emphasized his government's commitment to safeguarding farmers, fishermen, and dairy producers from external pressure. The Prime Minister's remarks highlighted India's determination to maintain policy independence regardless of international economic coercion. Modi stated that protecting agricultural communities remains the government's highest priority, even if such stance results in personal or national economic sacrifice. India has highlighted what it perceives as inconsistent American policy implementation, noting that other major Russian oil importers like China and Turkey have not faced similar punitive measures. This selective enforcement has raised questions about the fairness and strategic motivations behind the US tariff policy. The situation reveals complex geopolitical dynamics, as China and Turkey continue purchasing Russian energy without equivalent American retaliation. India, China, and Turkey represent the three largest importers of Russian petroleum, yet only India faces the new tariff regime, suggesting potential diplomatic or strategic considerations influencing US policy decisions. Interestingly, Washington maintains a temporary suspension of 145% tariffs on Chinese goods under a negotiated truce set to expire on August 12. This arrangement, designed to facilitate ongoing superpower negotiations, contrasts sharply with the immediate penalties imposed on India, further highlighting perceived inconsistencies in American trade policy. The trade dispute represents a significant test of US-India relations, which have generally strengthened over recent decades through strategic partnerships in defense, technology, and regional security cooperation. The current tensions threaten to undermine broader diplomatic coordination between the world's largest democracies at a time when both nations face common challenges in the Indo-Pacific region.

GoI appoints Bhaskar Reddy Vemireddy as judicial member of GST Appellate Tribunal
GoI appoints Bhaskar Reddy Vemireddy as judicial member of GST Appellate Tribunal

Hans India

time25 minutes ago

  • Hans India

GoI appoints Bhaskar Reddy Vemireddy as judicial member of GST Appellate Tribunal

Hyderabad: The Government of India has officially appointed Bhaskar Reddy Vemireddy, Senior Advocate at the Telangana High Court, as a Judicial Member of the Goods and Services Tax Appellate Tribunal (GSTAT). This appointment is part of a broader move by the government to make the GST Appellate Tribunal fully operational. A total of 53 Judicial Members have been approved for appointment, marking a significant milestone in strengthening the dispute resolution framework under the GST regime. Vemireddy Bhaskar Reddy is a designated Senior Advocate at Telangana High Court. He was enrolled as an Advocate in 1987 and he has been practicing since then before the High Court at Hyderabad. He specialized in tax laws. He was appointed as Spl Assistant Govt pleader for taxes before the High Court for taxes in 1993 and worked till June 1994. He has been designated as Senior Advocate by Telangana High Court in 2022. The establishment of a robust and efficient GST appellate system is expected to reduce litigation timelines and enhance trust in the indirect tax system.

Stocks to Watch today, Aug 8: Titan, BSE, Biocon, LIC, Godrej Consumer
Stocks to Watch today, Aug 8: Titan, BSE, Biocon, LIC, Godrej Consumer

Business Standard

time25 minutes ago

  • Business Standard

Stocks to Watch today, Aug 8: Titan, BSE, Biocon, LIC, Godrej Consumer

Stocks to watch today, Friday, August 8, 2025: Indian equity markets are likely to witness a muted start on Friday as investors watch developments around US-Russia peace talks, India's response to US trade tariffs and the last batch of Q1 earnings. At 7:15 AM, Gift Nifty Futures were trading at 24,646 points, down 49 points or 0.2 per cent. Asian markets were trading mixed on Friday, following US markets. Last checked, Japan's Nikkei 225 was up 1.93 per cent, South Korea's KOSPI was down 0.31 per cent, and China's CSI 300 index was also trading 0.2 per cent lower. Australia's ASX 200 index was down 0.14 per cent. On Thursday, US markets pared early gains amid profit booking. The S&P 500 index was almost flat with a negative bias, and the Dow Jones Industrial Average settled 0.51 per cent lower. Here are the key stocks to watch today: Titan Company: The fashion accessories manufacturer reported consolidated operating revenue of ₹14,673 crore in the first quarter of fiscal 2025 (Q1FY26), up 20.4 per cent from ₹12,188 crore in the year-ago period. The company's profit after tax (PAT) grew 52.5 per cent to ₹1,091 crore compared to ₹715 crore in Q1FY25. Life Insurance Corporation of India (LIC): The life insurance giant reported a standalone PAT of ₹10,986 crore in Q1FY26, up 5.02 per cent from ₹10,461 crore in the year-ago period. The Total Premium Income for the quarter stood at ₹1,19,200 crore as compared to ₹1,13,770 crore in Q1FY25, registering a growth of 4.77 per cent. Biocon: The pharmaceutical major reported consolidated revenue from operations of ₹3,942 crore in the June 2025 quarter, up 15 per cent from ₹3,433 crore in the year-ago period. The company's net profit plunged 95.2 per cent to ₹31.4 crore against ₹659.7 crore in the year-ago quarter. BSE: The stock exchange reported consolidated revenue from operations of ₹958.4 crore in Q1FY26, up 59.2 per cent from ₹601.9 crore in the year-ago quarter. Its profit before tax (PBT) grew 103.5 per cent to ₹539.4 crore from ₹265 crore in the Q1FY25. Hindustan Petroleum Corporation (HPCL): The oil marketing company reported a consolidated revenue of ₹1.1 trillion in Q1FY26, down 2.7 per cent from ₹1.14 trillion in the same quarter of the previous fiscal. Profit after tax grew 548.5 per cent year-on-year (Y-o-Y) to ₹4,110.9 crore against ₹633.9 crore. Godrej Consumer Products: The company posted consolidated revenue from operations of ₹3,661.9 crore, 10% compared to ₹3,331.6 crore in the year-ago period. The company's profit remained flat at ₹452.5 crore against ₹450.7 crore in Q1FY25. AU Small Finance Bank: The small finance bank on Thursday received a regulatory nod from the Reserve Bank of India for its transition to a universal bank. It is the first small finance bank to receive an in-principle approval to become a universal bank. Eternal: Alibaba-backed Antfin Singapore Holdings has offloaded 141.3 million shares or a 1.46 per cent stake in Eternal, the parent company of Zomato, at ₹289.91 per share. The total transaction value amounts to ₹4,096.7 crore. National Aluminium Company (NALCO): The state-run metal company posted a net revenue of ₹1,064 crore, up 77 per cent from ₹601 crore in the year-ago period. It reported revenue from operations of ₹3,807 crore during the June 2025 quarter. The Board has recommended a final dividend of ₹2.50 per equity share (50 per cent on the face value of ₹5 each), amounting to ₹459.16 crore for the FY25, subject to approval of shareholders. Q1 reslts today: Grasim Industries, State Bank of India, Siemens, Tata Motors, Afcons Infrastructure, Ceigall India, Cholamandalam Financial Holdings, Concord Biotech, Equitas Small Finance Bank, Fine Organic Industries, Gandhar Oil Refinery, Garden Reach Shipbuilders, Hindustan Foods, Infibeam Avenues, JK Tyre & Industries, Lemon Tree Hotels, Manappuram Finance, Info Edge, Apeejay Surrendra Park Hotels, PTC Industries, Shipping Corporation of India, TVS Supply Chain Solutions, Voltas, Wockhardt, and Yatra Online, among others, will release their Q1 earnings today.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store