The central bank of Nepal on Friday banned the citizens from making investments in foreign nations, issuing a warning that strict punishment would be given in such a case.

The central bank, Nepal Rastra Bank, issued a notice saying that Nepalese nationals cannot purchase houses, debenture, land and property in a foreign land and cannot deposit money in financial institutions and foreign banks abroad.

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The notice specified that no one can make any kind of payment in a foreign nation except if the bank specifically mentions it under the provision.

The citizens were appealed by the central bank to not get themselves assigned any work which may require payment from abroad, except according to the prescribed rules.

The notice added that if rules are violated by anyone, the authorities will take strict action under the prevailing laws.

WATCH|&nbsp;WION Dispatch: Nepal President wants new PM by Christmas

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Last year in April, the central bank of Nepal banned the import of luxury items and vehicles citing receding foreign exchange reserves and liquidity crunch, despite the assurance of the government that the economy will not witness a crisis similar to Sri Lanka.

The total foreign exchange reserves of Nepal increased marginally in mid-December by around 3 per cent to reach USD 9.82 billion, which can be used to manage imports for 8.7 months, as per the central bank data.&nbsp;

(With inputs from agencies) 
&nbsp;

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The central bank of Nepal on Friday banned the citizens from making investments in foreign nations, issuing a warning that strict punishment would be given in such a case.

The central bank of Nepal on Friday banned the citizens from making investments in foreign nations, issuing a warning that strict punishment would be given in such a case. The central bank, Nepal Rastra Bank, issued a notice saying that Nepalese nationals cannot purchase houses, debenture, land and property in a foreign land and cannot deposit money in financial institutions and foreign banks abroad. ALSO READ| Nepal president grants one-week time to parties for forming new government The notice specified that no one can make any kind of payment in a foreign nation except if the bank specifically mentions it under the provision. The citizens were appealed by the central bank to not get themselves assigned any work which may require payment from abroad, except according to the prescribed rules. The notice added that if rules are violated by anyone, the authorities will take strict action under the prevailing laws. WATCH| WION Dispatch: Nepal President wants new PM by Christmas Last year in April, the central bank of Nepal banned the import of luxury items and vehicles citing receding foreign exchange reserves and liquidity crunch, despite the assurance of the government that the economy will not witness a crisis similar to Sri Lanka. The total foreign exchange reserves of Nepal increased marginally in mid-December by around 3 per cent to reach USD 9.82 billion, which can be used to manage imports for 8.7 months, as per the central bank data. (With inputs from agencies)

Central bank bars Nepalese nationals from investing in foreign nations

Five Indian states are delivering COVID-19 vaccines at a faster rate than international countries, according to a graph supplied by the government.

In September, the single-day average in Uttar Pradesh was 11.73 lakh doses, compared to 8.07 lakh in the United States, according to the report.

Gujarat's pace is faster than Mexico's, Karnataka's than Russia's, MP's than France's, and Haryana's than Canada's, according to the report.&nbsp;

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With the aim of vaccinating all eligible citizens by the end of 2021, India is leading the world with its high vaccination pace! 
 
You too can strengthen the country's endeavour in this fight against <a href="https://twitter.com/hashtag/COVID19?src=hash&amp;ref_src=twsrc%5Etfw">#COVID19</a> by getting vaccinated! <a href="https://twitter.com/hashtag/IndiaFightsCorona?src=hash&amp;ref_src=twsrc%5Etfw">#IndiaFightsCorona</a> <a href="https://twitter.com/MoHFW_INDIA?ref_src=twsrc%5Etfw">@MoHFW_INDIA</a> <a href="https://t.co/7zuTFOK8tB">pic.twitter.com/7zuTFOK8tB</a>
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According to Dr. Soumya Swaminathan, chief scientist at the World Health Organization, India is now better prepared to prevent further Covid-19 epidemics from causing havoc on the country.

Between February and early May, the South Asian nation experienced a terrible second wave, during which daily infection cases and death rates increased at an alarming rate, putting the health-care system on the verge of collapse.

A third wave of illnesses is expected to hit India this year. However, many public health experts believe it will have a less severe impact than the previous two waves.&nbsp;

(With inputs from agencies)

Five Indian states are delivering COVID-19 vaccines at a faster rate than international countries, according to a graph supplied by the government. In September, the single-day average in Uttar Pradesh was 11.

Five Indian states are delivering COVID-19 vaccines at a faster rate than international countries, according to a graph supplied by the government. In September, the single-day average in Uttar Pradesh was 11.73 lakh doses, compared to 8.07 lakh in the United States, according to the report. Gujarat's pace is faster than Mexico's, Karnataka's than Russia's, MP's than France's, and Haryana's than Canada's, according to the report. With the aim of vaccinating all eligible citizens by the end of 2021, India is leading the world with its high vaccination pace! You too can strengthen the country's endeavour in this fight against #COVID19 by getting vaccinated! #IndiaFightsCorona @MoHFW_INDIA pic.twitter.com/7zuTFOK8tB — MyGovIndia (@mygovindia) September 10, 2021 × According to Dr. Soumya Swaminathan, chief scientist at the World Health Organization, India is now better prepared to prevent further Covid-19 epidemics from causing havoc on the country. Between February and early May, the South Asian nation experienced a terrible second wave, during which daily infection cases and death rates increased at an alarming rate, putting the health-care system on the verge of collapse. A third wave of illnesses is expected to hit India this year. However, many public health experts believe it will have a less severe impact than the previous two waves. (With inputs from agencies)

Five Indian states administering COVID-19 vaccines at faster pace than foreign nations

Australia has approved a law which gives federal government power to veto any agreement stuck between Australian state and foreign nations.

Australia approves new veto power for stuck pacts with foreign nations

Several countries have evinced interest in procuring the indigenously developed Akash missile, a top Defence Research and Development Organisation (DRDO) official said here on Saturday.

There is a growing demand for the Akash, an all-weather medium-range surface-to-air missile, and many nations have shown interest in it, DRDO chairman S Christopher told reporters here.

Developed by the DRDO, the Akash missile system has the capability to neutralise aerial targets such as fighter jets, cruise missiles and air-to-surface missiles as well as ballistic missiles.

Talks were underway with the countries and "it (orders for the missile) will come", Christopher said without divulging further details.

To a query on the allocation for research and development, he said this year the organisation has a budgetary allocation of Rs 2,000 crore.

Christopher, who was here to participate in a function, also said there were export inquiries for the BrahMos missile.&nbsp

BrahMos is a joint venture between the DRDO of India and the NPO Mashinostroyenia (NPOM) of Russia.&nbsp

PSU Bharat Dynamics Ltd Chairman and Managing Director, V Udaya Bhaskar said the Akash missile is going to be in good demand for another three to four years as both the Indian Air Force and the Indian Army need them in good numbers.&nbsp

L&T Board whole-time Director (Defence) Jayant Patil said a new aerospace facility in the district will become operational in another 10 months and it will manufacture rocket motors for Isro.

The defence arm of the L&T, which has so far invested Rs 500 crore in the unit here, is also supplying airframe to BrahMos missile and will expand the product range in the near future.&nbsp

Many nations have shown interest in the medium-range surface-to-air missile, DRDO chairman said

Several countries have evinced interest in procuring the indigenously developed Akash missile, a top Defence Research and Development Organisation (DRDO) official said here on Saturday. There is a growing demand for the Akash, an all-weather medium-range surface-to-air missile, and many nations have shown interest in it, DRDO chairman S Christopher told reporters here. Developed by the DRDO, the Akash missile system has the capability to neutralise aerial targets such as fighter jets, cruise missiles and air-to-surface missiles as well as ballistic missiles. Talks were underway with the countries and "it (orders for the missile) will come", Christopher said without divulging further details. To a query on the allocation for research and development, he said this year the organisation has a budgetary allocation of Rs 2,000 crore. Christopher, who was here to participate in a function, also said there were export inquiries for the BrahMos missile. BrahMos is a joint venture between the DRDO of India and the NPO Mashinostroyenia (NPOM) of Russia. PSU Bharat Dynamics Ltd Chairman and Managing Director, V Udaya Bhaskar said the Akash missile is going to be in good demand for another three to four years as both the Indian Air Force and the Indian Army need them in good numbers. L&T Board whole-time Director (Defence) Jayant Patil said a new aerospace facility in the district will become operational in another 10 months and it will manufacture rocket motors for Isro. The defence arm of the L&T, which has so far invested Rs 500 crore in the unit here, is also supplying airframe to BrahMos missile and will expand the product range in the near future.

Foreign nations have shown interest in Akash missile: DRDO

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