✅ Why in News: the seventh Lancang-Mekong Cooperation (LMC) Foreign Ministers’ Meeting was held in Bagan, Myanmar.
âś…The LMC consists of six countries: China, Cambodia, Myanmar, Laos, Thailand, and Vietnam. âś…Multilateral format: Lancang-Mekong Cooperation is a multilateral format established in 2016 for cooperation between the riparian states of the Lancang River and Mekong River. âś…The Lancang River originates on the Qinghai-Tibet Plateau in southwestern China. It is called the Mekong River as it flows through the other five countries before emptying into the sea. âś…Purpose: The central purpose of the format is for China to manage water flow from its hydropower dams with the other riparian states. âś…LMC Special Fund: A fund was created in 2016 to aid in small and medium-sized projects by the Lancang-Mekong countries.
✅ Why in News: the seventh Lancang-Mekong Cooperation (LMC) Foreign Ministers’ Meeting was held in Bagan, Myanmar.
âś…The LMC consists of six countries: China, Cambodia, Myanmar, Laos, Thailand, and Vietnam. âś…Multilateral format: Lancang-Mekong Cooperation is a multilateral format established in 2016 for cooperation between the riparian states of the Lancang River and Mekong River. âś…The Lancang River originates on the Qinghai-Tibet Plateau in southwestern China. It is called the Mekong River as it flows through the other five countries before emptying into the sea. âś…Purpose: The central purpose of the format is for China to manage water flow from its hydropower dams with the other riparian states. âś…LMC Special Fund: A fund was created in 2016 to aid in small and medium-sized projects by the Lancang-Mekong countries.
Tata Power whose core business is to generate, transmit and distribute electricity has made no money to investors in the last one decade. That is a big blunder considering it is one of the largest power generation companies in the country. One of the reasons is the company's huge debt levels which stood at ₹43,559 crore at the end of March 2021 compared to the company’s market capitalisation of ₹44,447 crore.
The global forecast for the Asian markets is murky following recent volatility, with crude oil prices providing support in what has been an otherwise tough month. The European markets were down and the U.S. bourses were mixed and flat and the Asian markets figure to split the difference.The TSE finished modestly lower on Friday following losses from the financial shares and property stocks.For the day, the index sank 15.09 points or 0.49 percent to finish at 3,061.35 after trading between 3,057.84 and 3,089.78. Volume was 1.39 billion shares worth 1.30 billion Singapore dollars. There were 285 decliners and 184 gainers.
