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  • Japan has announced plans of investing $42 billion in India over the next five years to boost trade and cooperation between the two Asian nations
  • Prime Minister Fumio Kishida said the investment would be spread across several industries, including green energy and urban infrastructure
  • The two countries also committed to strengthening securities ties across the Indo-Pacific region during the visit

Japan will invest $42 billion in India over the next five years to boost trade and cooperation between the two Asian nations.

Japan’s Prime Minister Fumio Kishida said the investment would be spread across several industries, including green energy and urban infrastructure.

He announced the investment deal during his first state visit to India since taking up office.

The two countries also committed to strengthening securities ties across the Indo-Pacific region during the visit.

They also discussed the ongoing crisis in Ukraine.

“The Russian attack is a serious matter as …

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The returned items include the Shiva and his Disciples, Worshipping Shakti and Lord Vishnu and his Forms.

The news portal noted that the artefacts date from as early as the ninth to the tenth century.

The artefacts are primarily made of sandstone, marble, bronze and brass.

According to the publication, the antiques are from various places In India, including Rajasthan, Gujarat, and West Bengal.…

COVID-19 could cost $28trn in output losses over next 5 years-IMF

The covid-19crisis could cost the world an estimated $28trn in output losses over the next five years according to the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva.

She gave her remarks during the IMF and World Bank Group annual meeting which was held virtually.

“Nine months into the pandemic, we are still struggling with the darkness of a crisis that has taken more than a million lives, and driven the economy into reverse, causing sharply higher unemployment, rising poverty and the risk of “a lost generation” in low-income countries,” Georgieva said.

She added that over the last few months the picture has become less dire although IMF continues to foresee a worst global recession since the 1930 Great Depression. She also notes that in 2020 growth is expected to fall to -4.4 per cent.

She also added that despite there being tremendous uncertainty around IMF’s forecast, they …