India rejects World Bank’s Human Capital Index report which placed it below Nepal, Lanka, Bangladesh and Myanmar

India rejects World Bank’s Human Capital Index report which placed it below Nepal, Lanka, Bangladesh and Myanmar

"The qualitative aspects of improved governance that have a strong correlation with human capital development cannot be and have not been captured by the way the HCI has been constructed," the Indian government said. The gap in data and methodology overlook the initiatives taken by a country and, in turn, portray an incomplete and predetermined picture, it said, adding this,...

BIMSTEC Foreign Ministers approve 167 connectivity projects costing US$ 50 billion

BIMSTEC Foreign Ministers approve 167 connectivity projects costing US$ 50 billion

The Foreign Ministers of countries which are part of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) have approved, in principle, 167 connectivity projects costing US$ 50 billion based on an Asian Development Bank (ADB) study, The Kathmandu Post reported. The member states are developing a BIMSTEC Transport Connectivity Master Plan, with a goal to complete...

BIMSTEC enters new era with Kathmandu summit

BIMSTEC enters new era with Kathmandu summit

The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), which held its fourth Summit in Kathmandu on August 30 and 31, appears to have entered a new era, awakening from years of somnolence. The first signs of an awakening appeared in 2014, when a Permanent Secretariat was established and a Secretary General was appointed, the first since...

India-China detente could make moribund BIMSTEC come alive

India-China detente could make moribund BIMSTEC come alive

A moribund Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is likely to come alive with the two Asian giants – India and China – coming closer to realize their ambitions through the execution of massive connectivity projects across Asia. There was enough evidence of it at the Fourth BIMSTEC summit held in Kathmandu on Aug 30-31,...

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