Sunday February 24, 2019
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Nepal PM apprises Modi of politics in the country

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New Delhi: Nepal Prime Minister KP Sharma Oli apprised Prime Minister Narendra Modi of the political developments in the Himalayan nation, on a telephonic conversation held between them on Thursday.

“Modi emphasised the importance of finding a durable solution to the political problems facing Nepal based on consensus or ‘sahmati’,” an external affairs ministry statement said.

“Modi extended his good wishes to the friendly people of Nepal for the New Year 2016”.

Over 50 people have lost their lives in four months of violent protests after the adoption of a new constitution by the Himalayan republic with agitating Madhesi political parties and ethnic groups of the Nepal Terai demanding amendments in the statute that they deem discriminatory and ignoring their rights.

A new bill introduced in the Nepalese parliament on December 15, that aims to amend the constitution, ensures the constitutional guarantee of inclusive proportional representation of various ethnic minorities in various state entities apart from the Nepal Army and redrawing the electoral constituencies based on population.

The southern plains comprise of over 50 percent of the population of Nepal and if this bill is passed, the plains will have majority representation in parliament after the next general elections.

Due to the ongoing agitation, thousands of Nepal-bound cargo vehicles have not been able to enter the country from India since the last four months.

As a result, Nepal is facing a serious shortage of essential supplies like food, medicines, fuel and other items.(IANS)

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Prime Minister Narendra Modi Stern On Intensifying India-Korea Economic Relations

India features among the top 10 trade partners of South Korea and is the sixth largest export destination for S Korean goods with the trade volume reaching $21.5 billion in 2018. 

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Noting that this was his third interaction with the Korean business leaders in 12 months, Modi said: "Negotiations to upgrade the comprehensive economic partnership agreement (CEPA) have been fast-tracked to achieve the bilateral trade target of $50 billion." Pixabay

Making a call to intensify the India-Korea economic relations, Prime Minister Narendra Modi here on Thursday urged more Korean businesses to turn their attention towards India.

“I wish to see more and more Korean businesses turning their attention to India,” Modi said.

Addressing the India-Korea Business Symposium, Modi who is on a two-day official visit to South Korea, said India has become one of the most open countries for foreign direct investment (FDI), recording $250 billion inflow in the past four years.

India
Highlighting the sound fundamentals and that the Indian economy is on its way to become a $5 trillion economy soon, Modi said no other large economy in the world has grown at 7 per cent year after year.
Pixabay

Noting that this was his third interaction with the Korean business leaders in 12 months, Modi said: “Negotiations to upgrade the comprehensive economic partnership agreement (CEPA) have been fast-tracked to achieve the bilateral trade target of $50 billion.”

India features among the top 10 trade partners of South Korea and is the sixth largest export destination for S Korean goods with the trade volume reaching $21.5 billion in 2018.

Money
Trade Groups Claim, American’s Detention Is A Potential Moment For Russia. Pixabay

“Not just trade, in terms of investment also we are seeing a positive turn. Korean investments into India have reached a cumulative figure of almost $6 billion,” the Prime Minister said.

Noting that the South Korean National IT Industry Promotion Agency (NIPA) has opened its India office in Bengaluru to facilitate Korean startups in India, the Prime Minister said both the countries have decided to set up a future strategy group (FSG) and a centre for research and innovation cooperation.
Also Read: Trade Groups Claim, American’s Detention Is A Potential Moment For Russia
Highlighting the sound fundamentals and that the Indian economy is on its way to become a $5 trillion economy soon, Modi said no other large economy in the world has grown at 7 per cent year after year.

India, he said, has jumped to the 77th spot on the World Bank’s “ease of doing business” rankings on the back of reforms and is determined to break into the top 50 next year. (IANS)