PM Oli to discuss trade issues with India during upcoming visit: Nepalese Minister
K P Sharma Oli
's upcoming visit to New Delhi, Minister for Industry, Commerce and Supplies Damodar Bhandari said on Tuesday.
Various issues, including trade promotion, would be discussed, Bhandari said while speaking as chief guest at a programme organised by
Nepal Freight Forwarders Association
to mark the 31st Cargo Day in Kathmandu.
Explore courses from Top Institutes in
Please select course:
Select a Course Category
Data Science
Product Management
PGDM
Project Management
Leadership
Artificial Intelligence
Design Thinking
Digital Marketing
Data Science
MCA
Degree
Healthcare
others
Public Policy
Others
Operations Management
MBA
Management
Cybersecurity
Technology
Data Analytics
CXO
healthcare
Finance
Skills you'll gain:
Duration:
11 Months
E&ICT Academy, Indian Institute of Technology Guwahati
CERT-IITG Postgraduate Cert in AI and ML India
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
11 Months
IIT Madras
CERT-IITM Advanced Cert Prog in AI and ML India
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
30 Weeks
IIM Kozhikode
SEPO - IIMK-AI for Senior Executives India
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
10 Months
E&ICT Academy, Indian Institute of Technology Guwahati
CERT-IITG Prof Cert in DS & BA with GenAI India
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
10 Months
IIM Kozhikode
CERT-IIMK DABS India
Starts on
undefined
Get Details
The Ministry has been taking initiatives to upgrade trade and business between the two countries, he added.
The government is committed to resolving the trade-related issues with the two neighbouring countries, India and China, as they are Nepal's first market, Bhandari said.
Foreign Ministry
spokesperson Lok Bahadur Chhetri last week said Prime Minister Oli will visit India in mid-September. However, the date and the detailed schedules of the visit are yet to be finalised.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
India's services sector logs 11-month high: Export orders, sales drive July growth; job creation slows
India's services grows (Representative image) India's services sector expanded at its fastest pace in 11 months in July, supported by a sharp rise in export orders and solid sales growth, according to the HSBC India Services PMI released Tuesday. The Services Purchasing Managers' Index (PMI) rose marginally to 60.5 in July from 60.4 in June, marking the highest level since August 2024. A reading above 50 indicates expansion, while one below 50 signals contraction. Pranjul Bhandari, Chief India Economist at HSBC, said the index reflected strong growth momentum, driven by a pick-up in new export orders, as quoted by PTI. "At 60.5, the services PMI indicated a strong growth momentum, led by a pick-up in new export orders," he said. The report noted that Indian service providers received new business from Asia, Canada, Europe, the UAE and the US. This growth in new international work was cited as the key reason for output expansion. Firms in the sector remained optimistic about output over the next year. Respondents attributed their confidence to improved efficiency, greater digital adoption, marketing efforts and technological upgrades. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Biggest Real Estate Discounts Ever at M3M India. Enquire Now! M3M India Book Now Undo However, the report also flagged an increase in input and output prices compared to June. The rise in charges was attributed to higher operating costs and strong demand. "On the price front, both input and output prices rose a tad faster than in June but this could change going forward as indicated by the recent CPI and WPI prints," Bhandari further said. Retail inflation based on the Consumer Price Index remained below 4 per cent for the fifth consecutive month, falling to 2.1 per cent in June. Wholesale inflation turned negative in June, declining by 0.13 per cent after staying positive for 19 months. Despite the strong activity, job creation slowed in July. The report recorded the lowest employment growth in 15 months, with fewer than 2 per cent of companies hiring additional staff. The release comes as the Reserve Bank of India 's Monetary Policy Committee, led by Governor Sanjay Malhotra, began its three-day policy meeting on Monday. The outcome, expected on Wednesday (August 6), is likely to see the central bank hold interest rates steady, with economists citing the need for more macroeconomic clarity following the US decision to impose a 25 per cent tariff on Indian goods from August 7. The HSBC India Composite PMI Output Index, which tracks both manufacturing and services activity, rose slightly to 61.1 in July from 61.0 in June. This marks the strongest expansion in overall private sector output since April 2024. The survey, compiled by S&P Global, gathers responses from around 400 services companies across India. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
Hindustan Times
an hour ago
- Hindustan Times
Section 144 in Pakistan's Rawalpindi as PTI plans protest over Imran Khan's arrest
The Rawalpindi district administration has imposed Section 144 of the Code of Criminal Procedure (CrPC) in anticipation of nationwide protests planned by the Pakistan Tehreek-e-Insaf (PTI) on Tuesday, Geo News reported. Senior Superintendent of Adiala Jail Abdul Ghafoor Anjum sent a letter, seeking additional security to prevent a possible protest by PTI supporters outside the prison.(Reuters File) The country is bracing for a fresh round of protests as the former ruling party has announced it will take to the streets across Pakistan on August 5, marking two years of Khan's incarceration, demanding his release and relief for the inflation-hit masses. The ban, effective from August 4 to August 10, prohibits all types of rallies, sit-ins, demonstrations, protests, and gatherings of more than four people within the district limits, as per Geo News. Senior Superintendent of Adiala Jail Abdul Ghafoor Anjum sent a letter to City Police Officer (CPO), seeking additional security to prevent a possible protest by PTI supporters outside the prison. In his letter, the jail superintendent noted that there are currently 7,700 inmates in the prison, while its capacity is only 2,174. "PTI has planned a protest outside the jail on August 5," the officer said, stressing the need for urgent measures to ensure foolproof security at the facility, where the PTI founder is serving jail terms in multiple cases ranging from treason to terrorism. Additional police personnel, barriers, and surveillance should be deployed outside Rawalpindi jail to avoid any untoward incident, the letter stated. According to Geo News, separate requests were also sent to the Home Department, IG Prisons, and RPO for security, it added. The officer further said that Rawalpindi jail was "very sensitive" due to the presence of political prisoners and terrorists. Additional security should be deployed from Dahgal Checkpost to Gate No. 5 of Adiala Jail, the letter said. PTI has repeatedly called for Khan's release, who has been behind bars for over a year. The deposed prime minister was arrested in Lahore on August 5, 2023, after being sentenced to three years in prison for illegally selling state gifts. The protest call was made by PTI stalwart Asad Qaiser during a press conference on Sunday, jointly addressed by the party's Secretary General Omar Ayub Khan and other leaders in Islamabad. "August 5 marks the day of the PTI founder's arrest; we will stage protests on that day," Qaiser said, referring to the Toshakhana case.
Hans India
3 hours ago
- Hans India
Indian services sector growth hits 11-month high in July on sharp rise in exports, overall sales
The Indian services sector growth touched an 11 month high in July, supported by a pickup in new exports orders and sharp rise in overall sales, a monthly survey said on Tuesday. The seasonally adjusted HSBC India Services PMI Business Activity Index was at 60.5 in July, little-changed from 60.4 in June, and the rate of expansion was the best seen since August 2024. In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction. "At 60.5, the services PMI indicated a strong growth momentum, led by a pick-up in new export orders," said Pranjul Bhandari, Chief India Economist at HSBC. Sustained increases in new business intakes were the main aspect behind output growth, the survey said, adding that Indian service providers also welcomed a stronger improvement in international demand for their services. "They reportedly secured new work from Asia, Canada, Europe, the UAE and the US," it said. Going ahead, service providers were on average optimistic about their expectations for output in the year ahead. Among the factors supporting business confidence were efficiency gains, marketing, tech innovation and a growing online presence, they said. On the price front, input costs and output charges rose at faster rates than in June. "The solid rise in output prices reflected greater cost burdens and demand strength," the survey said. "On the price front, both input and output prices rose a tad faster than in June but this could change going forward as indicated by the recent CPI and WPI prints," Bhandari said. The Consumer Price Index (CPI) based retail inflation has remained below 4 per cent since February. It was at 2.1 per cent in June. The wholesale price inflation (WPI) turned negative after a gap of 19 months, declining 0.13 per cent in June. Meanwhile, RBI Governor Sanjay Malhotra-headed rate-setting panel on Monday started the three-day deliberations to decide the next bi-monthly monetary policy amid expectations of a pause in the rate easing cycle. Governor Malhotra-headed six-member rate-setting panel -- the Monetary Policy Committee (MPC) -- is scheduled to announce the next bi-monthly policy rate on Wednesday (August 6). Experts were of the opinion that the Reserve Bank may go in for a status quo this time and wait for more macro data after the announcement by the US to impose a 25 per cent tariff on Indian imports beginning August 7. On the jobs front, Although the upturn added pressure on firms' capacity, hiring moderated. July's increase in employment was the slowest in 15 months. "The rate of job creation was only slight, broadly converging to its long-run average. Fewer than 2 per cent of companies took on additional staff, with the vast majority indicating no change from June," the survey said. Meanwhile, the HSBC India Composite PMI Output Index was up fractionally from 61.0 in June to 61.1 in July, indicating a sharp rate of expansion that was the quickest since April 2024. Composite PMI indices are weighted averages of comparable manufacturing and services PMI indices. Weights reflect the relative size of the manufacturing and service sectors, according to official GDP data. The PMI results for July revealed mixed signs regarding the performance of the Indian private sector. "New orders and output expanded at quicker rates, while job creation receded and business optimism faded. Meanwhile, inflationary pressures gathered pace," the survey said. The HSBC India Services PMI is compiled by S&P Global from responses to questionnaires sent to a panel of around 400 service sector companies.
