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Nepal’s new Gen-Z inspired government places bets on China, India

BEIJING, June 16 (Reuters) – Nepal’s new government must ​tap China’s technological know-how and convince investors that the Himalayan country is open for business and will deliver on the ‌campaign promises that swept it to power, Foreign Minister Shishir Khanal told Reuters on Tuesday. The three-year-old Rastriya Swatantra Party won 182 of 275 parliamentary seats in March, campaigning to restore political stability, boost the economy and crack down on corruption, in an election triggered by Gen Z-led protests against the previous government in ​September that left 76 people dead. “Our priority is to see Nepal’s economy grow fast,” Khanal said

TMC rebels’ plan to merge with NCPI bears resemblance to Khandu’s 2016 Congress split

New Delhi, Jun 16 (PTI) The plan of 20 rebel Trinamool Congress Lok Sabha MPs to merge with a lesser-known unrecognised party has “striking similarities” with a split in the Congress’ Arunachal Pradesh unit led by Pema Khandu in 2016, former Election Commission officials have said. In 2016, Arunachal saw one of the biggest political realignments in the Northeast. In September that year, Khandu and 42 Congress MLAs joined the People’s Party of Arunachal (PPA), while former chief minister Nabam Tuki stayed with the Congress. The PPA, then a constituent of the BJP-led North East Democratic Alliance (NEDA), formed the

Stock markets extend winning run to 3rd day on US-Iran peace deal; Sensex up 544 pts

Mumbai, Jun 16 (PTI) Benchmark stock indices Sensex and Nifty rose for the third consecutive day on Tuesday, propelled by a positive trend in global markets and softening crude oil prices following a peace deal between the US and Iran. The 30-share BSE Sensex jumped 544.15 points, or 0.71 per cent, to settle at 76,808.48. Intraday, it surged 582.41 points, or 0.76 per cent, to 76,846.74. The 50-share NSE Nifty climbed 135.25 points, or 0.57 per cent, to end at 23,989.15. During the day, it jumped 148.7 points, or 0.62 per cent, to 24,002.60.. Foreign investors turning net buyers in

Rupee rises 5 paise to close at 94.53 against US dollar

Mumbai, Jun 16 (PTI) The rupee appreciated for the third straight session on Tuesday to close 5 paise higher at 94.53 (provisional) against the US dollar, supported by easing West Asia tensions and extended fall in crude oil prices. Forex traders said that with the reported de-escalation of the US-Iran conflict and diplomatic agreements regarding the Strait of Hormuz, the immediate threat to global energy supplies has significantly reduced. Moreover, softening of the US dollar and a decline in US treasury yields also supported the USD/INR pair, they said. At the interbank foreign exchange, the rupee opened at 94.69 against

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