SAARC Chamber Of Commerce
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SAARC Chamber Of Commerce
The South Asian Association for Regional Cooperation (SAARC) is the regional intergovernmental organization and geopolitical union of states in South Asia. Its member states are Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. SAARC comprises 3% of the world's land area, 21% of the world's population and 5.21% (USD 4.47 trillion) of the global economy, as of 2021. SAARC was founded in Dhaka on 8 December 1985. Its secretariat is based in Kathmandu, Nepal. The organization promotes economic development and regional integration. It launched the South Asian Free Trade Area in 2006. SAARC maintains permanent diplomatic relations at the United Nations as an observer and has developed links with multilateral entities, including the European Union. Historical background The idea of co-operation among South Asian Countries was discussed in three conferences: the Asian Relations Conference held in New Delhi in April 1947; the Baguio Conference in the P ...
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Bengali Language
Bengali ( ), generally known by its endonym Bangla (, ), is an Indo-Aryan languages, Indo-Aryan language native to the Bengal region of South Asia. It is the official, national, and most widely spoken language of Bangladesh and the second most widely spoken of the 22 scheduled languages of India. With approximately 300 million native speakers and another 37 million as second language speakers, Bengali is the List of languages by number of native speakers, fifth most-spoken native language and the List of languages by total number of speakers, seventh most spoken language by total number of speakers in the world. Bengali is the fifth most spoken Indo-European language. Bengali is the official language, official and national language of Bangladesh, with 98% of Bangladeshis using Bengali as their first language. Within India, Bengali is the official language of the states of West Bengal, Tripura and the Barak Valley region of the state of Assam. It is also a second official lan ...
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ISO 4217
ISO 4217 is a standard published by the International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies and provides information about the relationships between individual currencies and their minor units. This data is published in three tables: * Table A.1 – ''Current currency & funds code list'' * Table A.2 – ''Current funds codes'' * Table A.3 – ''List of codes for historic denominations of currencies & funds'' The first edition of ISO 4217 was published in 1978. The tables, history and ongoing discussion are maintained by SIX Group on behalf of ISO and the Swiss Association for Standardization. The ISO 4217 code list is used in banking and business globally. In many countries, the ISO 4217 alpha codes for the more common currencies are so well known publicly that exchange rates published in newspapers or posted in banks use only these to delineate the currencies, instead of translated c ...
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Nepal Standard Time
Nepal Standard Time (NPT) is the time zone for Nepal. With a time offset from Coordinated Universal Time (UTC) of UTC+05:45 all over Nepal, it is one of only three time zones with a 45-minute offset from UTC.The others are Chatham Island Standard Time, with an offset of UTC+12:45, and the unofficial Australian Central Western Time, with an offset of UTC+08:45. NPT is an approximation of Kathmandu mean time, which is 5:41:16 ahead of UTC. The standard meridian passes through the peak of Gaurishankar mountain about east of Kathmandu. Nepal used local solar time until 1920, in Kathmandu UTC+05:41:16. In 1920, Nepal adopted Indian Standard Time, UTC+05:30. In 1986 Nepal advanced their clocks by 15 minutes, giving them a time zone of UTC+05:45. See also *Date and time notation in Nepal Nepal uses both the DMY and YMD format when writing dates, and uses 12-hour format for time. Date YYYY-MM-DD is official date format for the Bikram Sambat calendar used in Nep ...
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Sri Lanka Standard Time
Sri Lanka Standard Time (SLST) ( si, ශ්‍රී ලංකාවේ සම්මත වේලාව , Shri Lankavay Sammatha Velava, ta, இலங்கை நியம நேரம்) is the time zone for Sri Lanka. It is 5 hours and 30 minutes ahead of GMT/ UTC ( UTC+05:30). On 15 April 2006, Sri Lanka Time reverted to match Indian Standard Time calculated from the Allahabad Observatory in India 82.5 ° longitude East of Greenwich, the reference point for GMT. This time zone applies to the entirety of Sri Lanka. Since 1880, the time zone in Sri Lanka (or formerly, Ceylon) has varied from UTC+05:30 to UTC+06:30. In 1880, Ceylon observed UTC+05:30. During World War II, in January 1942, when the Japanese were on the verge of invading Ceylon, the official time shifted to UTC+06:00. In September 1942, the official time further advanced to UTC+06:30. When the war ended in 1945, Ceylon reverted to UTC+05:30 to be in the same time zone as India. However, in May 199 ...
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Indian Standard Time
Indian Standard Time (IST), sometimes also called India Standard Time, is the time zone observed throughout India, with a time offset of UTC+05:30. India does not observe daylight saving time or other seasonal adjustments. In military and aviation time, IST is designated E* ("Echo-Star"). It is indicated as Asia/Kolkata in the IANA time zone database. History After Independence in 1947, the Union government established IST as the official time for the whole country, although Kolkata and Mumbai retained their own local time (known as Calcutta Time and Bombay Time) until 1948 and 1955, respectively. The Central observatory was moved from Chennai to a location at Shankargarh Fort in Allahabad district, so that it would be as close to UTC+05:30 as possible. Daylight Saving Time (DST) was used briefly during the China–India War of 1962 and the Indo-Pakistani Wars of 1965 and 1971. Calculation Indian Standard Time is calculated from the clock tower in Mirzapur nearly exa ...
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Time In The Maldives
Time in Maldives is given by Maldives Time (MVT) ( UTC+05:00). However, some island resorts operate their own time zone, known as Maldives Island Time, up to 2 hours ahead of the official Maldives Time. The Maldives does not currently observe daylight saving time. References Maldives Maldives (, ; dv, ދިވެހިރާއްޖެ, translit=Dhivehi Raajje, ), officially the Republic of Maldives ( dv, ދިވެހިރާއްޖޭގެ ޖުމްހޫރިއްޔާ, translit=Dhivehi Raajjeyge Jumhooriyyaa, label=none, ), is an archipelag ...
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Pakistan Standard Time
Pakistan Standard Time ( ur, , abbreviated as PKT) is UTC+05:00 hours ahead of Coordinated Universal Time. The time zone is in use during standard time in Asia. History Pakistan had been following UTC+05:30 since 1907 (during the British Raj) and continued using it after independence in 1947. On 15 September 1951, following the findings of mathematician Mahmood Anwar, two time zones were introduced. ''Karachi Time (KART)'' was introduced in West Pakistan by adjusting 30 minutes off UTC+05:30 to UTC+05:00, while ''Dacca Time'' (DACT) was introduced in East Pakistan by subtracting 30 minutes off UTC+06:30 to UTC+06:00. The changes were made effective on 30, September 1951. PKT is measured in Gilgit, near the village of Naltar. In 1971, Karachi Time was renamed to Pakistan Standard Time. Daylight saving time Daylight saving time is no longer observed in Pakistan.
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Time In Afghanistan
Time in Afghanistan is officially UTC+04:30, called Afghanistan Time or AFT. Afghanistan does not observe daylight saving time. IANA time zone database Afghanistan has the IANA time zone database The tz database is a collaborative compilation of information about the world's time zones, primarily intended for use with computer programs and operating systems. Paul Eggert is its current editor and maintainer, with the organizational backi ... time zone "Asia/Kabul". References {{afghanistan-stub ru:Афганистан#Время в Афганистане ...
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Sri Lankan Rupee
The Sri Lankan Rupee ( si, රුපියල්, ta, ரூபாய்; Currency symbol, symbol: Re and Rs (plural) in English, රු in Sinhala, ௹ in Tamil; ISO 4217, ISO code: LKR) is the currency of Sri Lanka. It is subdivided into 100 cent (currency), cents, but cents are rarely seen in circulation due to its low value. It is issued by the Central Bank of Sri Lanka. The abbreviation ''Re'' (singular) and ''Rs'' (plural) is generally used, the World Bank suggests SL Rs as a fully disambiguating abbreviation for distinction from other currencies named "rupee". History pound sterling, Sterling became Ceylon's official currency in 1825, replacing the Ceylonese rixdollar at a rate of £1Pound sterling,  stg = rixdollars, and British silver coin was made legal tender. Treasury notes denominated in sterling were issued in 1827, replacing the earlier rixdollar notes. Rixdollar notes not presented for exchange were demonetized in June 1831. The Indian rupee was made ...
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Pakistani Rupee
The Pakistani rupee ( ur, / ALA-LC: ; sign: Re (singular) and Rs (plural); ISO code: PKR) is the official currency of Pakistan since 1948. The coins and notes are issued and controlled by the central bank, namely State Bank of Pakistan. In Pakistani English, large values of rupees are counted in thousands; lakh (100,000); crore (ten-millions); Arab (billions); kharab (100 billion). Numbers are still grouped in thousands (123,456,789 rather than 12,34,56,789 as written in India) History The word ''rūpiya'' is derived from the Sanskrit word ''rūpya'', which means "wrought silver, a coin of silver", in origin an adjective meaning "shapely", with a more specific meaning of "stamped, impressed", whence "coin". It is` derived from the noun ''rūpa'' "shape, likeness, image". ''Rūpaya'' was used to denote the coin introduced by Sher Shah Suri during his reign from 1540 to 1545 CE. The Pakistani rupee was put into circulation in Pakistan after the dissolution of the ...
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Nepalese Rupee
The Nepalese rupee ( ne, रुपैयाँ; symbol: रु; code: NPR) is the official currency of the Federal Democratic Republic of Nepal. The Nepalese rupee is subdivided into 100 ''paisa''. The issuance of the currency is controlled by the Nepal Rastra Bank, the central bank of Nepal. The Nepalese rupee was introduced in 1932 when it replaced the Nepalese mohar at the rate 2:1. The Nepalese rupee (रु) has been pegged to the Indian rupee (₹) at the rate रु1.60 = ₹1 since 1994; prior to this, it had been pegged at the rate रु1.45 = ₹1. History The rupee was introduced in 1932, replacing the silver mohar at a rate of 2 mohar = 1 rupee. At first, the rupee was called the ''Mohru'' in Nepali. The "Bullet paisa" In 1955, 4 Paisa coins were minted, made from rifle cartridge cases from World War II that were used by the Gurkha soldiers who fought against the Imperial Japanese in the Pacific. The coins were produced by removing the primer from the cases an ...
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Maldivian Rufiyaa
The Maldivian rufiyaa ( dv, ދިވެހި ރުފިޔާ; sign: Rf or ; code: MVR) is the currency of the Maldives. The issuance of the currency is controlled by the Maldives Monetary Authority (MMA). The most commonly used symbols for the rufiyaa are MVR and Rf. The ISO 4217 code for Maldivian rufiyaa is MVR. The rufiyaa is subdivided into 100 '' laari''. The name "rufiyaa" is derived from the Sanskrit रूप्य (''rūpya'', wrought silver). The midpoint of exchange rate is Rf. 12/85 per US dollar and the rate is permitted to fluctuate within a ±20% band, i.e. between Rf. 10/28 and Rf. 15/42 as of 10 April 2017. History The earliest form of currency used in the Maldives was cowry shells (''Cypraea moneta'') and historical accounts of travellers indicate that they were traded in this manner even during the 13th century. As late as 1344, Ibn Batuta observed that more than 40 ships loaded with cowry shells were exported each year. A single gold dinar was worth ...
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