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India puts up new hurdle to importing electricity from Nepal

India is subjecting the approval process for importing Nepali electricity to more bureaucratic hurdles despite its earlier announcement to buy 10,000MW from Nepal over the next 10 years. The southern neighbor, which has been refusing to grant export approval to hydropower projects involving China, has long been investigating whether there …

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Failing on money laundering

A high-level delegation consisting of about two dozen government officials and headed by Nepal Rastra Bank Governor Maha Prasad Adhikari has returned from Canada after attending the Asia Pacific Group (APG) on Money Laundering Annual Meeting held in Vancouver from July 9-14. The APG on Money Laundering is a Financial …

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Canadian pension funds keen to invest in India, says govt

Canadian pension funds would be keen to explore investing in infrastructure funds in India as the country offers a stable investment climate, Finance Minister Chrystia Freeland said on Sunday, according to an Indian government statement. Union Finance Minister Nirmala Sitharaman meets Canadian Deputy Prime Minister and Minister of Finance Chrystia …

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Finance minister suggests AIIB to use innovative financing ways to address infra needs – The New Indian Express

Town PTI GANDHINAGAR: Finance minister Nirmala Sitharaman on Sunday suggested the Asian Infrastructure Investment Bank (AIIB) to use innovative financing ways to better address the infrastructure needs of member countries. “Sitharaman met Jin Liqun, President, AIIB, in Gandhinagar on the sidelines of the 3rd G20 Finance Ministers and Central Bank …

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