Fishery project in Rasuwa

RASUWA: A fishery project has been initiated in Rasuwa. The agricultural development office with the financial support of Rs 55,000 from Tourism for Rural Poverty Alleviation Programme has started is at Dhunche. — RSS

B’desh forex reserves dip

DHAKA: Bangladesh’s foreign exchange reserves have fallen below the $3 billion mark for the first time in seven months, which is less than sufficient to meet three months payment for imports. — HNS

Australia, China FTA talks

CANBERRA: Australia is likely to begin negotiating a FTA with China after a preliminary study last week. Negotiations are expected to begin if the preliminary study convinces both countries that such a trade pact would be in their interests. — AP

ECB inflation pressures

FRANKFURT: The ECB appears to be getting increasingly hot under the collar over potential inflationary pressures in the eurozone economy. Nevertheless, below-par economic growth in the single currency region looks set to stay the bank’s hands on rates, at least for the time

being. — AFP

Air-India commission cut

MUMBAI: Air-India has decided to stick to its decision to reduce the commission paid to travel agents despite threats of them boycotting the airline’s tickets. It has decided to cut the travel agent’s commission from seven per cent to five per cent from May 1.— HNS

Largest shipbuilder

BEIJING: Growing demand from the international market will soon turn China into the world’s largest shipbuilding nation. China, which has been the world’s third largest shipbuilder for years, is ‘very likely’ to rank first in the near future. — HNS

VAT deadline row in India

NEW DELHI: With a fortnight to go for the April 1 deadline to introduce a nation-wide VAT regime, India’s most ambitious indirect tax reform in 50 years has run into rough weather with some states. — HNS