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DroneAcharya has secured a contract worth INR 46 lakh as part of the World Bank's drone initiative in Nepal. This partnership aims to enhance the use of drone technology for various applications in the region, showcasing the growing importance of innovative solutions in development projects.
Huawei is set to construct a NPR 484 million ($3.5 million) data center for Nepal Telecom, which includes a primary facility in Kathmandu and a disaster recovery center in Bhairahawa, 265 km away. This initiative aims to modernize Nepal Telecom's data handling and enhance service efficiency, potentially generating income for the company amid declining revenues.
On his final day as the Reserve Bank of India governor, Shaktikanta Das emphasized the transformative potential of a home-grown central bank digital currency (CBDC), the digital rupee. He highlighted India's pioneering role in CBDC development, contrasting it with the slow progress of other central banks globally. Das advised a cautious approach to implementing a system-wide CBDC, advocating for gradual introduction based on user data from pilot projects, while expressing confidence in its future role in domestic and cross-border payment systems.
China and Nepal signed a framework agreement on December 4 to enhance cooperation under the Belt and Road Initiative, facilitating major investments in infrastructure projects like roads, airports, and rail lines. This agreement follows Nepal's earlier commitment to the BRI in 2017, which had stalled due to political disagreements. Critics of the initiative express concerns over potential debt traps and China's geopolitical ambitions through its financing strategies.
Farmers in Punjab, Pakistan, face challenges with new Super Seeders aimed at reducing crop stubble burning, which contributes to severe air pollution. While some, like Dilawar Khan Rath, see long-term benefits from the machines, high costs and limited availability hinder widespread adoption. The Punjab government plans to increase the number of Super Seeders and implement a leasing program to enhance accessibility and combat smog effectively.
K.P. Sharma Oli, Nepal's veteran communist politician, has returned as prime minister for the fourth time and is set to visit China. His goal is to encourage Beijing to revitalize planned infrastructure projects during this days-long trip.
India is expanding its mobile-payment linkages with several countries, according to a senior official from the Reserve Bank of India. Current arrangements include partnerships with Sri Lanka, Bhutan, and Nepal, with ongoing discussions for collaborations with the UAE and other neighboring nations.
Thailand's same-sex marriage legislation, effective January 22, 2025, is projected to attract an additional 4 million tourists annually, generating $2 billion in tourism revenue and creating 76,000 jobs. The law will also grant same-sex couples rights related to adoption, healthcare, and inheritance, positioning Thailand as a leading destination for LGBTQIA+ travelers in Asia.
Nepal has successfully exported 40 megawatts of electricity to Bangladesh for the first time, utilizing an Indian transmission line. This milestone, celebrated during a virtual event with officials from Nepal, India, and Bangladesh, marks the beginning of a five-year agreement to export power during the rainy season, starting June 15, 2025.
NIO has partnered with Green Car to enter Azerbaijan, planning to begin deliveries in Q2 2025 while establishing a charging and battery swap network. Meanwhile, XPENG has launched in Nepal with CG Motors, opening its first showroom in Kathmandu and delivering 25 G6 electric cars, aiming to expand its sales and service centers significantly.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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