Home – Page 94 – South Asia Time

Home

India to take over a decade to overcome Covid-19 pandemic losses

Mumbai: India will take over a decade to overcome the losses incurred during the Covid-19 pandemic, according to the currency and finance report of the central bank of India.

The report, however, does not reflect the opinions of the central bank itself but of the contributors. The contributors are part of the RBI’s Department of Economic and Policy Research.

“Taking the actual growth rate of -6.6 percent for 2020-21, 8.9 percent for 2021-22, and assuming a growth rate of 7.2 percent for 2022-23, and 7.5 percent beyond that, India is expected to overcome COVID-19 losses in 2034-35,” the report stated.

The monetary losses estimated by the Reserve Bank of India (RBI) totals 250 billion U.S. dollars, 223 billion U.S. dollars, and 214 billion U.S. dollars for the 2020-21 (April-March), 2021-22, and 2022-23 fiscal year, according to the report.

 

A human found in Nepal with a 70 centimetres long hairy tail

Kathmandu — A teenager is found in Nepal with a  hairy tail that is 70 centimeters long.
Deshant Adhikari who is  16 years old used to be shy of the long hairy appendage.

According to a media report, his parents took him to several hospitals in Nepal and even abroad to find treatment for the appendage extending from his coccyx.
They recently saw a local priest who claimed that Deshant was the reincarnation of Lord Hanuman.

In fact, Deshant has even gone viral on TikTok for his unusual condition.
The teen is now comfortable showing it to the world.
“A video of me went viral on TikTok and now a lot of people know me as the boy with a tail, and I feel good about it,” Deshant was quoted as saying by Mirror.

Eid in the Square celebrations return to Trafalgar Square

London — The Mayor of London, Sadiq Khan, has announced that Eid in the Square returns to the capital on Saturday 7 May.

The celebration that follows the end of Ramadan returns for its 17th year to showcase the very best Islamic inspired art, culture and comedy with contemporary and traditional performances on the main stage alongside a feast of food stalls from across the world lining the square.

The family-friendly event will run from noon until 6pm and will be hosted by award-winning actor and BBC Asian Network presenter Mistah Islah and broadcaster and author Mehreen Baig.

Londoners and visitors to the Square can enjoy an afternoon of live performances on stage from Baha Yetkin Sufi Ensemble, Nafees Ifran & Qalandar Qawwali Band, Dur Dur Band, Star Children’s Choir and spoken word poet Hussain Manawer.

Award-winning music producer Naughty Boy will present his Naughty Boy Kitchen pop-up serving signature dishes fusing his British upbringing and Pakistani heritage. Comedy sketch show favourites, ‘The Halalians’ will be live on stage and Alif New Beginnings will be bringing colourful Eid carnival costumes to the Square.

There will be a range of family-friendly activities including calligraphy, storytelling, mehndi, face painting, and drama and poetry workshops, as well as a variety of sports activities including Muslim Girls Fencing and Sisterhood FC.

Ahead of the celebrations, and in partnership with Eid in the Square, for the first time ever the Lastminute.com London Eye will be illuminated to mark Eid ul Fitr. It will be lit up with a special crescent moon light display on Monday from 7.25pm.

Due to the impact of the COVID-19 restrictions, it will be the first time that Eid in the Square celebrations have taken place in Trafalgar Square since 2019.

The Mayor of London, Sadiq Khan, said: “I’m so excited to be bringing Eid in the Square back to London after two years away. Celebrating the end of Ramadan with Londoners and visitors from all backgrounds demonstrates again how diversity is London’s greatest strength.

“We’ve got a fantastic line-up of entertainment for all the family to enjoy, showcasing the hugely positive cultural impact that Muslim communities have on our city and beyond. In London, we don’t just tolerate our diversity, we celebrate it.”

Tufail Hussain, Director of Islamic Relief UK said: “Islamic Relief UK are delighted to be the proud partner of this year’s Eid in the Square. We look forward to seeing all communities in London coming together to celebrate this special occasion, which marks the end of the holy month of Ramadan.

“Families will gather together to enjoy food stalls, entertainment and fun activities and will also be able to support Islamic Relief UK with its life saving work across the world.

“We would especially like to thank the Mayor of London, Sadiq Khan and his office for organising what will be a very special and memorable event for all communities to enjoy.”

Asad Mahmood, Manager, Strategy & Operations at Wahed Invest, said: “We’re really excited to celebrate Eid in the Square with everyone. It’s great to celebrate this Eid after a month of fasting and being grateful for what we have.’

Raj Baddhan, CEO of Lyca Media said: “Lyca Radio & Lyca Gold are thrilled to be a part of this year’s Eid In Trafalgar Square event, which is expected to be a huge celebration after a two-year hiatus. We’re delighted to be collaborating with the Mayor of London to celebrate Eid.”

Santosh Shah announced Nepal Tourism Global Goodwill Ambassador

Kathmandu: Santosh Shah, a London-based chef, has been announced Nepal Tourism Global Goodwill Ambassador amid a program organized at the Ministry of Culture, Tourism and Civil Aviation on Friday.

He was honored in the presence of Tourism Minister Prem Ale.

“The feedback following the recent visit by a team including master chefs is inspiring. I hope for your love and support in similar campaigns, and the opportunity to serve Nepal from my sector to promote Nepal’s food, culture, and tourism,” Chef Shah said at the program.

On April 7, a team of master chefs including Shah arrived in Nepal to promote Nepal’s originality, culture, and destination.

He was earlier crowned the winner of BBC One’s MasterChef: The Professionals Rematch held in 2021.

Source: Nepal Live Today

Biden proposes USD 33bn to help Ukraine in war

BBC/London: President Biden is asking Congress for $33bn (£27bn) in military, economic and humanitarian assistance to support Ukraine – although he insisted that the US was not “attacking Russia”. Mr Biden said it was “critical” for US lawmakers to approve the deal, which he said would help Ukraine defend itself. The proposal includes more than $20bn in military aid, $8.5bn in economic aid and $3bn in humanitarian aid. “It’s not cheap,” Mr Biden said on Thursday. “But caving to aggression is going to be more costly if we allow it to happen.” Although the US has already announced help for Ukraine, the proposals are a significant ramping up of aid.

President Biden said US military support to Ukraine has so far amounted to 10 anti-tank weapons for every tank that Russia has deployed to Ukraine. But despite his strong rhetoric, he said the US was not attacking Russia. “We are helping Ukraine defend itself against Russian aggression,” he insisted. On Thursday, a spokesperson for Russia’s Foreign Ministry said Western military support for Ukraine threatens “the security of the continent”.

President Biden is asking Congress to authorise an enormous sum of money for Ukraine – more than twice as much as the US has already spent on providing military equipment and humanitarian aid. The US president wants to show he is undeterred by vague threats about the possible use of nuclear weapons, and a warning from Vladimir Putin that there could be retaliatory strikes against countries that intervene in Ukraine. He shrugged off those comments – saying they show the desperation Russia is feeling about their abject failure to do what they set out to do. Explaining to Americans why this money is needed – at a time when many are suffering from rising living costs – he said it was not cheap, but doing nothing was more costly. An additional plan to allow US authorities to not just freeze but liquidate the assets of Russian oligarchs is bold – and it has raised concerns among civil liberties groups in America. But it is likely to gain bipartisan support in Congress. Yet it will not begin to cover cost of the additional sums of money the White House wants to spend supporting Ukraine’s war efforts.

In his speech on Thursday, Mr Biden also addressed concerns over a nuclear confrontation. On Wednesday, Russian Foreign Minister Sergei Lavrov warned of a “serious” risk of nuclear war over Ukraine which “can’t be underestimated”. “No one should be making idle comments about the use of nuclear weapons,” Mr Biden said. Additionally, Mr Biden took aim at what he termed Russian “gas blackmail” to threaten European energy supplies. This week, Russia cut off gas supplies to Poland and Bulgaria. “We will not let Russia intimidate or blackmail their way out of these sanctions,” he said. “We will not allow them to use their oil and gas to avoid consequences for their aggression.” The announcement of the new Ukraine package comes at a difficult time for the US economy. Data released by the Bureau of Economic Analysis on Thursday shows that the US economy shrank in the first quarter of 2022, with gross domestic product declining 1.4% between January and March. Read more at BBC

Nepal has seen incredible changes in governance, economic development and international engagements: US Secretary of State Antony Blinken

Kathmandu: US Secretary of State Antony Blinken has remarked that Nepal has seen incredible changes in its governance, economic development, and international engagements.

In a tweet to mark the 75 years of establishment of US-Nepal diplomatic relations, Blinken said that the US looks forward to many more decades of friendship. 

“Today we mark 75 years of US-Nepal diplomatic relations. Nepal has seen incredible changes in its governance, economic development, and international engagements. We are proud of our accomplishments as partners, and look forward to many more decades of friendship,” Blinken said in the tweet. 

Nepal and the US established diplomatic relations on April 25, 1947. The US is the second country, only after the UK, with which Nepal established diplomatic relations. Source: Nepal Live Today 

Gov’t agency expects Nepal’s economy to grow by 5.84 pct

KATHMANDU — Nepal’s economy is projected to grow 5.84 percent in the current 2021-22 fiscal year ending in mid-July, the country’s Central Bureau of Statistics (CBS) said Thursday.

Officials from the agency said that the vaccination rate against COVID-19 has motivated the general public to operate as normally as possible in the first three quarters of the fiscal 2021-22.

According to the country’s Ministry of Health and Population, 66.9 percent of the total population have been fully vaccinated by Thursday.

Amid the pandemic, Nepal’s economy contracted by 2.37 percent in 2019-20, and grew by 4.25 percent in 2020-21, according to official figures. (Xinhua)

Premier League launched the South Asian Action Plan to address the under-representation of British South Asian footballers

London — Kick It Out, alongside the Premier League, have launched the South Asian Action Plan to help address the underrepresentation of British South Asian players within the Academy system.

The new initiative will support one of the key commitments of the Premier League’s ongoing No Room For Racism Action Plan, to enhance player pathways and help diversify the workforce within the professional game.

The South Asian Action Plan (SAAP) will have an initial focus on players entering the Academy system in the Under-9 to Under-11 age groups, when most boys join a club. This will include analysis and research to better understand what the current barriers to entry are for South Asian players.

Alongside this, increasing South Asian representation within the Academy workforce will be a key component of the action taken, as well as providing equality, diversity and inclusion education sessions for existing Talent ID and recruitment professionals.

Neil Saunders, Director of Football at the Premier League, said: “The South Asian Action Plan is a long-term project which will enable us to look at and improve the diversity of everyone within the Academy system, both on and off the pitch.

“The partnership with Kick It Out will provide us with independent diversity and inclusion expertise and enable us to further enhance connections between the Premier League and South Asian communities.”

The launch of the SAAP took place yesterday with a talent identification event at Aston Villa’s stadium, Villa Park. More than 80 Academy staff, including Academy managers, recruitment leads and heads of equality, diversity and inclusion, joined a day of workshops and panel sessions.

South Asian Emerging Talent football festivals will take place in London and at Leicester City’s training ground in May to continue action in this space. These events will provide boys aged between eight and 12 from grassroots clubs the opportunity to showcase their talents and participate in matches in front of Academy staff in a Premier League environment.

Sanjay Bhandari, Kick It Out Chair, said: “The South Asian Action Plan is a crucial step forward to build on recent successes and develop sustainable pathways into the game for South Asian players.

“Representation of South Asians on the pitch in elite football is a statistical anomaly. Currently, it reflects neither the population nor the popularity of football amongst the British South Asian community. We love the game as fans and want to be seen more on the pitch.

“This is a generational opportunity to create change and inspire the next generation. We look forward to working with the Premier League and our other partners across the game to deliver it.”

Kick It Out and the Premier League will also continue to support and amplify other football stakeholders’ work in this space, including the PFA’s Asian Inclusion Mentoring Scheme, which provides mentoring and help to players in Academies at both Premier League and EFL clubs.

Sri Lankan President says he’s ready to establish all-party govt

COLOMBO —  Sri Lankan President Gotabaya Rajapaksa on Wednesday said that he in principle is willing to form an all-party government with the political parties represented in Parliament.

He conveyed this message to the leaders of political parties aligned with the Sri Lankan government.

Gotabaya Rajapaksa said that the structure, the tenure, and the portfolios of this all-party government have to be agreed upon after discussions, Xinhua News Agency reported.

Rajapaksa said the proposed all-party government is to be established after the resignation of the Prime Minister and the Cabinet. He has invited the leaders of political parties of the ruling coalition for a meeting on Friday.

Sri Lanka has been gripped by an economic crisis with foreign debt estimated at USD 51 billion.

The country appears to be on the edge of a “humanitarian crisis”, according to the United Nations Development Program, as its financial troubles grow, with rising food prices, and the country’s coffers have run dry.

Several political parties of the ruling coalition and religious leaders have urged the Sri Lankan president to establish an all-party government to find a way out of the economic and political crisis. (ANI)

UN chief reaches Kyiv for talks with Zelenskyy

London: The United Nations Secretary-General Antonio Guterres has reached in the Ukrainian capital to meet Ukrainian President Volodymyr Zelenskyy.

The UN head is also set to meet Foreign Minister Dmytro Kuleba at Kyiv in the warn-torn Ukraine, and visit an undisclosed location outside the capital.

Earlier in the week, Guterres met Russian President Vladimir Putin in Moscow, where the two were said to have discussed the possible evacuation of the besieged Azovstal steel complex in the city of Mariupol.

In the meantime, a series of explosions were reported late Wednesday near a television tower in the southern Russian city of Kherson. Both Ukrainian and Russian news organisations reported that the series of explosions temporarily knocked Russian channels off the air.

Russian state news agency RIA Novosti said the broadcasts had resumed. It also said the Russian channels had begun broadcasting from Kherson last week.

From Agencies

Nepal Live Today marks its first anniversary

Kathmandu: Amid a program organized in Kathmandu, Nepal Live Today marked its first anniversary this week. 

Nepal-based news portal started its publication on April 24, 2021. Based in Kathmandu, this digital publication covers the news of Nepal and beyond. 

The portal presents reports, analyses, and commentaries on Nepal’s politics, business, culture, economy, traditions, science, international relations, Sustainable Development Goals (SDGs), political contestations, issues of women, Madhesis and marginalized communities and many more, according to NLT.

In a program organized to mark the first anniversary, publisher Anil Nyaupane said: “As Nepali society remains largely polarized and divided along with various types of political ideologies and affiliations, the need for impartial and independent journalism has become even starker. And we remain committed on this front as well.”

Nepal Live Today is committed to the principle of journalism. We are committed to upholding the values of journalism through quality journalism, said Bhagirath Yogi, Consulting Editor of Nepal Live Group. 

Democracy, freedom of the press, liberal economy and political and civil liberties are our uncompromising ethos, said Siromani Dhungana, Founding Editor of the portal. “Nepal Live Today does not compromise on fundamental democratic principles.” 

In the anniversary program, Nepal’s Minister for Industry, Commerce and Supplies Dilendra Prasad Badu praised the way Nepal Live Today is doing journalism. “Nepal Live Today has emerged as a brand known for quality and ethical journalism,” he said. “Among hundreds of online portals, NLT stands out because of its unique presentation and trustworthy content.”

Shekhar Golchha, President of Federation of Nepalese Chamber of Commerce & Industries (FNCCI), said that the portal has gained impressive trust in Nepal’s private sector due to its commitment to ethical journalism. “Nepal Live Today emerged as a trusted source of news and information because it has always valued basic principles of journalism including accuracy, balance and credibility.”

Representatives from Nepal’s civil society, development sector, private sector organizations and noted scholars extended their wishes on the occasion.

South Asia Times and Nepal Live Today have established a partnership. Nepal Live Today offers insightful content and analyses for the SAT from Nepal. 

Nepal bans imports of 10 goods as foreign currency reserves slide

Kathmandu: In a wake of dwindling foreign exchange reserves, the government has banned imports of 10 goods.

Publishing a notice in Nepal Gazette on Wednesday, the Ministry of Industry, Commerce and Supplies said the ban will be effective till mid-July.

The banned items include mobile phones, televisions, vehicles, ready-made food, alcohol and tobacco. The ministry said the government tightened imports as foreign exchange reserves began to decline due to high trade deficits. The ministry said that the diplomatic missions will be allowed to import for their own purposes.

Earlier the government had curtailed fuel expenditures for government offices by 20 percent considering a decline in foreign exchange reserves.

Nepal is running low on foreign reserves. Import of petroleum products, vehicles and luxury items has put the country’s foreign exchange reserve under stress.

According to the central bank, Nepal’s foreign exchange reserve is just enough to finance imports of goods and services for just six months. The gross foreign exchange reserves decreased by 18.5 percent to 9.58 billion in mid-March 2022 from 11.75 billion in mid-July 2021.

Imports of these goods have been banned:

Kurkure, Kurmure, Lays and similar type of products

All types of alcohol

Cigarette and tobacco products (except raw materials)

Diamond (except for industrial use)

Mobile sets

Televisions (more than 32 inches)

Jeep, car and van (except ambulance and hearse)

Motorcycle with engine capacity of more than 250cc

Toys

Playing cards

Source: Nepal Live Today

Climate change putting 10-18 pecent of South Asian nations’ GDP at risk

London: According to the latest study by rating agency S&P Global, climate change might cost South Asian nations 10-18 percent of their GDP by 2050.

S&P Global–a credit rating agency that assigns credit ratings to countries as per their economic health–released a research report on Tuesday that explained the potential impact of rising sea levels, as well as frequent heatwaves, droughts, and storms.

According to a report by Reuters, Central Asia, the Middle East, North Africa, and Sub-Saharan Africa are anticipated to suffer significant losses. East Asia and the Pacific are also vulnerable in the same way as Sub-Saharan Africa is, primarily due to storms and floods rather than heatwaves and drought.

Climate change is already raising concerns in most nations.

According to the World Meteorological Organization (WMO), weather, climate, or water-related calamity has occurred in some places in the world every day for the past 50 years, resulting in 115 daily fatalities and daily loss of over $202 million.

After Imran Khan cries foreign conspiracy, Shehbaz Sharif says Pakistan ‘cannot afford enmity with US’

Islamabad —  Noting that Islamabad needs to develop good ties with Washington, Prime Minister Shehbaz Sharif on Tuesday said that Pakistan “cannot afford enmity” with the United States, reported local media.
The premier’s remarks came in the backdrop of the former Imran Khan government’s claims of a foreign-funded conspiracy behind its ouster, reported Geo News.
Stressing that the National Security Committee‘s statement clearly dismisses any foreign conspiracy, Sharif said he will however consider forming a judicial commission on the cable controversy.

Notably, Pakistan Tehreek-i-Insaf (PTI) has staged several protests across the country against the United States for an alleged “foreign conspiracy” to oust the country’s former Prime Minister Imran Khanfrom power who has been unseated after the no-confidence vote initiated by the Opposition was carried in the National Assembly.
Explaining the alleged conspiracy against him, Imran Khan had said that he learned three to four months ago that US officials had started meeting the leaders of the then Opposition along with PTI’s dissident MPs and journalists at the US embassy.
Imran Khan said that after those meetings, when US State Department official Donald Lu met the Pakistani ambassador, he knew that the no-confidence motion was being tabled against his government.
Meanwhile, speaking on the sit-in announced by the PTI calling for general elections, the premier said that though his government did not believe in politics of revenge, he would not tolerate anarchy in the country, reported the media outlet.
This comes after the PTI chairman Imran Khan on Monday said that he, along with his party workers, would stage a sit-in in Islamabad until the announcement of the next general elections. (ANI)

UN chief calls for cease-fire as Lavrov rejects talks in Mariupol

Agencies — United Nations Secretary-General Antonio Guterres on Tuesday called for a cease-fire in Ukraine during a meeting with Russian Foreign Minister Sergey Lavrov as the top Russian diplomat dismissed Kyiv’s proposal to hold peace talks in Mariupol.

Guterres is visiting Moscow and is then scheduled to visit the Ukrainian capital, Kyiv, later this week.

“We are extremely interested in finding ways in order to create the conditions for effective dialogue, create the conditions for a cease-fire as soon as possible, create the conditions for a peaceful solution,” Guterres said at a meeting with Lavrov.

Guterres said he wanted to reduce the impact of fighting in Ukraine on food security in other parts of the world. Lavrov said they would discuss “the situation around Ukraine that acts as a catalyst for a great number of problems which had piled up over recent decades in the Euro-Atlantic region.”

Guterres also told the Russian foreign minister that he is ready to fully mobilize the organization’s resources to save lives and evacuate people from the besieged Ukrainian city of Mariupol.

“Thousands of civilians are in dire need of lifesaving humanitarian assistance, and many have evacuated,” Guterres told a news conference with Lavrov.

“The U.N. is ready to fully mobilise its human and logistical resources to help save lives in Mariupol”, he said, proposing coordinated work with the Red Cross to allow those holed up inside the Azovstal steel plant in Mariupol to leave.

Speaking about reports of possible war crimes in Ukraine, Guterres said he was concerned, and that they required an independent investigation.

He was later due to meet Russian President Vladimir Putin.

Lavrov, for his part, said Russia was committed to a diplomatic solution via talks on Ukraine. Dismissing Kyiv’s proposal to hold peace talks in the Ukrainian port city of Mariupol, Lavrov said it was too early to talk about who would mediate any negotiations.

Moscow is ready to cooperate with the United Nations to help civilians in Ukraine, where Russia has been conducting a military operation for over two months, Lavrov said.

“Our goals are primarily to protect the civilian population and here we are ready to cooperate with our colleagues from the U.N. to alleviate the plight of the civilian population,” Lavrov added.

Ukraine’ Foreign Minister Dmytro Kuleba said while a diplomatic breakthrough was unlikely, there was hope Guterres could help the humanitarian situation, esepecially around Mariupol, where Ukraine says hundreds of civilians are trapped with the city’s last defenders inside a blockaded steel works.

“I don’t think (the) Secretary General will be able to end the war. But there is one crucially important path that he can implement: It’s to arrange a green corridor for defenders and civilians blocked by Russia in Mariupol.”

Kyiv and its allies played down Lavrov’s remarks about nuclear war. Russia had lost its “last hope to scare the world off supporting Ukraine,” Kuleba tweeted after Lavrov’s interview. “This only means Moscow senses defeat.”

U.N. projects 8.3M refugees

The U.N. refugee agency is launching a new appeal for funds for the crisis sparked by the war in Ukraine that projects up to 8.3 million people will have to flee the country by year-end.

The projection was announced Tuesday as part of a new $1.85 billion regional response plan from the United Nations High Commissioner for Refugees (UNHCR) aimed at supporting refugees from Ukraine after Russia’s war began on Feb. 24. It far outstrips the agency’s previous refugee estimates, which now stand at just over 5.2 million.

The exodus has exceeded the worst-case predictions of the Geneva-based agency, which it has called the largest refugee crisis in Europe since World War II.

The response plan would help refugees who have fled to neighboring countries including Hungary, Moldova, Poland, Romania and Slovakia, but also other countries in the region, including Belarus, Bulgaria and the Czech Republic.

The U.N. estimates that nearly 8 million people are displaced within Ukraine, and another 13 million people are believed to be trapped in war-affected areas of Ukraine. The country had a pre-war population of about 44 million.

IMF projects Nepal’s economic growth rate at 4.1 percent in 2022

Kathmandu —  The International Monetary Fund (IMF) has projected Nepal’s economy to grow by 4.1 percent in 2022.

In a report ‘World Economic Outlook’, the IMF stated Nepal achieved a growth rate of 2.1 percent in 2021. The economy is projected to grow by 6.1 percent in 2023.

Earlier, the World Bank had projected Nepal’s economy to grow by 3.7 percent in the current fiscal year and 4.1 percent in the Fiscal Year 2022/23.

Economic growth in Asia and the Pacific is poised to slow more than previously estimated this year amid headwinds from the war in Ukraine, a resurgent pandemic, and tightening global financial conditions, according to IMF.

Regional gross domestic product will expand by 4.9 percent, 0.5 percentage points less than we forecast in January and slower than last year’s 6.5 percent growth rate, according to the latest projections. IMF also estimates that inflation will rise faster in many countries, though from relatively low levels.

Slower growth and rising prices, coupled with the challenges of war, infection and tightening financial conditions, will exacerbate the difficult policy trade-off between supporting recovery and containing inflation and debt, reads the report.(NLT)