INDIA NEPAL RELIEF OPERATIONS
Nepal seeks better BRI terms as ruling party MPs visit China
Nepal is dispatching a group of MPs to China to negotiate potential advantages from the Belt and Road Initiative. Prime Minister Balen Shah emphasized negotiating with assurance and encouraged the MPs to meticulously examine how Nepal can benefit from Chinese projects. The talks are anticipated to cover concerns regarding financing and implementation, as the government remains vigilant about risks associated with BRI involvement.
Indian Railways approves weekly train service connecting Nepal's Janakpur Dham with Ayodhya
Indian Railways has approved a new weekly train service connecting Janakpur Dham and Ayodhya, enhancing cross-border travel. The service will operate once a week, facilitating pilgrimages and tourism associated with the Ramayana tradition. It covers approximately 604 kilometres and will include stops at significant towns in Bihar and Uttar Pradesh. Officials from both India and Nepal are coordinating on customs and passenger security measures for this service.
Big polluters may muddy the waters again at COP
The report by Kick the Big Polluters Out, a global coalition of more than 450 environmental and civil society organisations, said representatives of major fossil fuel companies, Big Tech, industrial agriculture and food industries have accessed the climate talks through various routes.
SCO meet: Russia, China, Iran to attend; minister Gajendra Singh Shekhawat 'hopeful' of Pakistan's participation
From November 20-22, New Delhi will be the venue for the first-ever Shanghai Cooperation Organisation (SCO) Civilisational Dialogue Forum, bringing together delegates from 15 nations. This forum is designed to foster cultural exchange, focusing on the interconnectedness of art, architecture, and language among the member countries, ultimately celebrating their rich shared heritage.
China, Iran confirm participation in SCO Civilisational Forum; Shekhawat 'hopeful' Pak will attend
Fifteen countries have confirmed their participation in the upcoming SCO Civilisational Dialogue Forum in New Delhi. China, Kazakhstan, and Iran are among the confirmed participants, with hopes for Pakistan's attendance. The event will take place from November 20 to 22 at Purana Quila, with Prime Minister Narendra Modi attending the opening ceremony. Discussions will focus on reinforcing cultural relations and promoting dialogue among participating countries.
Crystal Crop Protection IPO GMP signals 18% potential listing gains. Key things to know before issue opens on Nov 18
Crystal Crop Protection's unlisted shares are commanding a 16-18% grey market premium ahead of its Rs 455.5 crore IPO. The public issue opens on November 18, with a price band of Rs 259-272 per share.
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Crystal Crop Protection sets price band for Rs 455.49 crore IPO, issue opens on November 18
Crystal Crop Protection has fixed a price band of Rs 259–272 per share for its Rs 455.49 crore IPO, which opens on November 18. The agrochemical company plans to use part of the proceeds to repay debt and fund strategic growth initiatives.
"Very salient": UN climate chief backs PM Modi's remarks on clean energy cushioning India against oil price shock
UN climate chief Simon Stiell has endorsed Prime Minister Narendra Modi's remarks that clean energy investments helped India withstand the oil price shock, calling them "very salient". Stiell also welcomed India's Green Energy Corridor, emphasising the role of renewable energy, stronger electricity grids and battery storage in protecting economies.
Power transmission developers seek relief for projects hit by interconnection delays
Power transmission developers have called on the Ministry of Power to implement key changes to enhance project completion efficiency. They highlighted the necessity for automatic financial and contractual relief when delays stem from interconnected infrastructure. The Electric Power Transmission Association suggested that the Central Transmission Utility of India Ltd assume a larger role in coordination efforts.
CBDT MAPs out rules for foreign taxpayers
Indian tax authorities cannot alter a BAR decision on the merits of a case through international negotiations. Instead, they will seek corresponding tax relief from the other country, where applicable. The revised Mutual Agreement Procedure (MAP) guidelines also introduce a one-month deadline for taxpayers to accept settlements and withdraw pending appeals. Assessing officers must implement the settlements within a similar timeframe.
Private power firms demand shield against project delays
In a representation to Power Secretary Pankaj Agarwal, the Electric Power Transmission Association (EPTA) has sought changes to the tariff-based competitive bidding (TBCB) framework governing inter-state transmission projects, including deemed commercial operation date, full tariff recovery and protection against penalties where a project's commissioning is held up by delays in separately awarded interconnected facilities.
Civil aviation minister announces technical trilateral committee involving India, Oman, UAE
Union Civil Aviation Minister K Rammohan Naidu announced a trilateral committee involving India, Oman, and the UAE. This committee aims to tackle operational challenges related to regional airspace. A recent meeting included discussions on these topics amid evolving geopolitical circumstances. Upcoming technical discussions are scheduled with the International Civil Aviation Organisation’s regions this month. These collaborations seek to foster coordinated solutions for airspace operations in the region.
For a greener future, bring back coal cess
Electricity demand is expected to grow 6.4% annually till 2030, making a rapid coal exit near-impossible. A coal cess will signal India is pricing its carbon dependence. It could also reduce carbon costs exporters face at the border. Britain has recognised India's Carbon Credit Trading Scheme (CCTS) for carbon-price relief under its CBAM. The EU is yet to do so. A cess could strengthen India's case for similar relief, while retaining more carbon revenue at home to fund the energy transition.
4.9-magnitude moderate earthquake hits West Sikkim, mild tremors felt in Gangtok
A 4.9-magnitude earthquake occurred early Thursday morning in the Sikkim-Nepal region, affecting various areas. The tremors were felt in West Sikkim, including the state capital Gangtok and parts of East Sikkim. According to the National Centre for Seismology, the earthquake's epicentre was about 40 km northwest of Yuksom.
Nepal earthquake: 4.9 magnitude tremor recorded at a depth of 73 km
An earthquake of magnitude 4.9 struck Nepal at approximately 4:30 am on Thursday, according to the National Center for Seismology (NCS).
Air India makes tangible progress in transformation, but turnaround will take time: Singapore Airlines
Air India is making progress in its multi-year transformation, focusing on customer experience and operational improvements. Singapore Airlines reported lower losses from associated companies, primarily Air India, aiding financial performance. The airline group faced challenges due to elevated jet fuel prices impacting profitability during the first half. Despite this, Singapore Airlines reported improved performance in the second quarter amid record revenues.
UP BJP chief says upcoming election about "defeating those who want to destabilise India"
Pankaj Chaudhary condemned the opposition's recent protests, stating they aim to destabilize the country. He emphasized that the upcoming 2027 Uttar Pradesh assembly election is critical for national stability. Chaudhary accused the opposition of seeking to mimic political movements seen in Bangladesh, Nepal, and Sri Lanka. He noted the support from the youth and citizens in rejecting the opposition's efforts.
Disaster warning systems race to keep pace with galloping climate risks
Twice a day during the rainy season, Raquel Izarra climbs to the roof of her home in the eastern Lima suburb of Santa Ines Bajo and measures how much rain has fallen using a homemade gauge, before
India drawing up list of export snags in South Asia
India is identifying regulatory and market-access barriers in seven South Asian countries to expand exports and reach its $1-trillion target. Merchandise exports to these markets fell 1.3% to $25.7 billion in FY26. The government is examining certification delays, tariffs and product standards while exploring opportunities in chemicals, pharmaceuticals and textiles.
Honda to invest $3 billion in Ohio plant to make hybrid vehicles, create 2,000 jobs
Honda Motor will invest $3 billion to build a new hybrid vehicle plant in Ohio, creating 2,000 jobs and adding annual production capacity of 240,000 vehicles from 2029. The Japanese automaker also announced fresh investments in Canada, Ohio, Georgia and Alabama as it expands hybrid production and adjusts its electric vehicle strategy amid US tariffs.
Soaring fares fail to ground year-end international travel plans
Despite a 25% increase in international airfares, bookings for year-end overseas holidays among Indians have risen by one-third. Many travelers are opting for more affordable destinations, especially in Southeast Asia and Japan. Airlines are reporting full flights, indicating high demand for international travel from India. Some international carriers are increasing their flight capacities in response to this demand.
India's investment outlook strengthens as credit, exports rebound; inflation relief likely: HSBC
India's investment outlook is improving as credit growth and corporate revenue increase, pointing towards stronger private capital spending. The report from HSBC highlights that funds to the commercial sector have risen significantly compared to previous years. Additionally, rising services exports have helped maintain a steady current account deficit in the economy. However, challenges such as weak rural demand and inflation continue to impact households and corporate margins.
Nepal PM seeks $2B package ahead of visit
Nepal is preparing to request a $2 billion economic package from India during Prime Minister Balen Shah's upcoming visit. The package includes $1 billion in credit for infrastructure projects and $1 billion in grants for highway upgrades and post-flood reconstruction. Additionally, Nepal will advocate for new air routes between the two countries during the visit.
Govt eases passport, visa rules for foreign nationals residing in India
The Union home ministry has announced relaxed passport and visa requirements for certain foreign nationals. These amendments apply to individuals including Pakistani citizens and minority refugees. Exemptions also cover members of religious communities from Afghanistan, Bangladesh, and Pakistan on humanitarian grounds. Registered Sri Lankan Tamils and Tibetans who entered India under specific permits are included in the amendments.
India ready to help Nepal rebuild flood-hit infra, deepen energy ties
India's foreign secretary Vikram Misri communicated support for Nepal's infrastructure rebuilding after the recent floods. During meetings in Kathmandu, Nepal's PM Balen Shah thanked India for its disaster response assistance. Discussions also focused on expanding energy cooperation, with Nepal seeking new investments in various sectors. Several India-funded projects are set to be inaugurated during Shah's upcoming visit to India. This visit marks Shah's first bilateral overseas engagement as Prime Minister.
India, Nepal reaffirm commitment to all-round enhancement of partnership as FS Misri meets PM Shah
India and Nepal have reaffirmed their commitment to strengthening bilateral ties as Foreign Secretary Vikram Misri met Prime Minister Balendra Shah in Kathmandu ahead of his expected visit to Delhi later this month. Discussions covered trade, energy, connectivity, sports and new areas of cooperation, including AI and digital connectivity.
Centre relaxes passport, visa rules for select foreign nationals; revises Nepal, Bhutan travel norms
The Centre has announced amendments to immigration rules for several categories of foreign nationals residing in India. Pakistani citizens who entered India before December 31, 2009, may be exempt from renewing their passports. Additionally, certain refugees from Afghanistan, Bangladesh, and Pakistan fleeing persecution are included in these exemptions. Registered Sri Lankan Tamil nationals and Tibetans with specific entry permits also benefit from relaxed requirements.
SJVN holds talks with Nepal government to expedite 1,569-MW hydropower projects
SJVN Ltd chairman Bhupender Gupta met various Nepal government officials to expedite hydropower projects. The discussions focused on the Arun-3 project and the challenges it faces, including land issues. Necessary approvals were also discussed for the pre-construction activities of the Lower Arun project. SJVN aims to strengthen energy security and promote sustainable power generation in Nepal.
Watch: Two helicopters collide mid-air during landing near Everest Base Camp in Nepal, Indian traveller killed, another injured
On the morning of Tuesday, a tragic incident occurred near Everest Base Camp in Pheriche, Nepal, where two helicopters collided during landing. The unfortunate crash resulted in the death of one foreign national, while another person was injured. The helicopters were operated by Air Dynasty and Fishtail Air, and authorities have launched an investigation into the matter without yet revealing the identity of the victim.
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