Thursday, Mar 4 2021 | Time 12:05 Hrs(IST)
image
  • Kejriwal, parents receive first dose of COVID-19 vaccine at LNJP Hospital
  • Two Tripura farmers trapped outside wire fencing, now land into Bangladesh jail
  • India confirms 17,407 new COVID-19 cases
  • Maoist execute IED blast in Chaibasa, 2 jawans martyred, 3 others injured
  • Rupee falls 3 paise against USD
  • K'taka: 9,903 senior citizens vaccinated on Day 3 of inoculation
  • Sensex down 600 pts
  • Easter Sunday: Christian forum seeks alteration of Tripura poll date
  • Easter Sunday: Christian forum seeks alteration of Tripura poll date
  • Sikkim reports 3 new Corona cases, 29 active
  • Sasikala decides to keep away from politics
  • Ahmedabad Test: England win the toss, elect to bat first
  • Ahmedabad Test: England win the toss, elect to bat first
  • Battle of attrition in Bengal in coming Assy election
Business Economy


SAARC Development Fund to organise partnership conclave on July 2

New Delhi, July 1 (UNI) To augment its financial resources, the SAARC Development Fund (SDF) has organised a two day-event here beginning July 2, wherein it will engage with top multilateral institutions including the World Bank, the Asian Development Bank (ADB) and the Asian Infrastructure and Investment Bank (AIIB).
SDF, which has just given in-principle approval for two infrastructure projects with a cumulative funding of USD 30 million aims to strengthen its financial resources for more such key infrastructure, economic and social projects in SAARC Member States through this partnership conclave.
The conclave will be inaugurated by NITI Aayog CEO Amitabh Kant.
SAARC Member States commitment to the development of the SAARC region is clearly visible by the participation of its top officials at the partnership conclave for soliciting the maximum of support from the multilateral funding organisations for the region.

''Considering a huge funding requirement of the region; it is important for us to raise finances through different mechanisms for lending to projects which are vital for building infrastructure and poverty alleviation through faster economic development in the SAARC region,'' SDF Chief Executive Officer Sunil Motiwal said.
SDF is currently implementing 12 regional projects with more than 70 implementing and lead implementing agencies covering all the eight Member States under the Social Window funding.
''We have already committed USD 73.74 million for social window projects as of the date of which USD 46.26 million has already been disbursed to the Member States. Recently, we have in-principle approved two energy infrastructure projects in the region with a loan commitment of USD 30 million under our Infrastructure Window. Other potential regional connectivity projects are under our active consideration to co-finance in SAARC Member States,'' he said.
SDF has already signed MoUs with Asian Development Bank, World Bank, UNICEF, UNDP, Small Industries Development Bank of India (SIDBI), South Asian University, SAARC Arbitration Council and SAARC Chamber of Commerce & Industry. All these MoUs capture the broad framework of collaboration and partnership for the development of the region.
The SDF, established by eight SAARC Member States in April, 2010, is the umbrella financial institution of SAARC projects and programs. SDF also works closely with most of the Multilateral Development Banks and International Financial Institutions within and outside the region.
UNI JPG SV 0846
More News

OTT APPs are the future of Personal Entertainment, Says OTT Forum Convener Flynn Remedios

04 Mar 2021 | 11:57 AM

Mumbai, Mar 04, 2021 (UNI/GM): Speaking at a meeting of OTT App producers, directors and artistes held in Mumbai last week, senior journalist and techno-legal consultant Flynn Remedios said the OTT Apps are the future of Personal Entertainment, as viewers can individually choose what content they wish to view on their high-end mobile phones, which can also be synced with laptops and internet Tv sets. The viewer has complete control over the content and can be viewed on demand as per convenience in complete privacy.

see more..
Rupee falls 3 paise against USD

Rupee falls 3 paise against USD

04 Mar 2021 | 11:31 AM

Mumbai, Mar 4 (UNI) The Rupee on Thursday fell marginally by three paise at 72.74 against the US Dollar in the opening trade on rising demand for US Dollar by banks and importers, dealers at the Forex Market said.

see more..
Sensex down 600 pts

Sensex down 600 pts

04 Mar 2021 | 11:27 AM

Mumbai, Mar 4 (UNI) The BSE Sensex on Thursday dropped by 600 pts to 50,844.12 on profit-booking by local operators.

see more..
Fuel prices constant for 5th consecutive day

Fuel prices constant for 5th consecutive day

04 Mar 2021 | 10:59 AM

New Delhi, Mar 4 (UNI) Despite the rise in crude oil in the international market, petrol and diesel prices remained stable for the fifth consecutive day in the domestic market on Thursday, According to Indian Oil Corporation (IOC).

see more..

CII TN Council gets new Chairman, Vice-Chairman

04 Mar 2021 | 10:16 AM

Chennai, Mar 4 (UNI) Dr S Chandrakumar, Founder and Executive
Chairman, Sri Kauvery Medical Care India Limited, Trichy, has
been elected as Chairman, while Satyakam Arya of Daimler India
as Vice-Chairman of Confederation of Indian Industry (CII) Tamil
Nadu State Council for the year 2021-22.

see more..
image