Migration Agreement Signed Between India and Taiwan
India and Taiwan have signed a migration and mobility agreement that will enable Indian workers to find employment opportunities in various sectors in Taiwan. The agreement is a reflection of the growing cooperation and mutual interest between the two sides. Why Taiwan Needs Migrant Workers Taiwan is facing a shortage of workers in industries such […]
Walmart Targets MSMEs for $10B India Export Goal
Walmart, the global retail giant, has announced its ambitious plan to triple its exports of goods from India to $10 billion annually by 2027. The company said that it has already sourced more than $30 billion in products across categories from India in the last two decades. Vriddhi Programme One of the key initiatives that […]
Norden and C-DAC Partner for Thermal Cameras in India
UK-based Norden Communication has partnered with the Centre for Development and Advanced Computing (C-DAC) to develop AI-based general purpose thermal cameras for security and industrial applications in India. The collaboration supports the Make-in-India initiative and enhances surveillance technology. What are thermal cameras? Thermal cameras are devices that capture infrared radiation emitted by objects and convert […]
Dr. Reddy’s Aims to Acquire Novartis India
Dr. Reddy’s Laboratories, one of India’s leading pharma companies, is reportedly interested in acquiring a majority stake in Novartis India, the listed subsidiary of Swiss multinational Novartis AG. This comes after Novartis AG announced a strategic review of its 70.68% shareholding in Novartis India on February 16, 2024. Why Dr. Reddy’s wants Novartis India Dr. […]
India Advocates for Cheaper Cross-Border Payments at WTO
India has proposed a work programme at the World Trade Organization (WTO) to lower the Cross-Border Payments for promoting international trade. In a submission made on Tuesday, New Delhi said one of the means to achieve cheaper, faster and more transparent and accessible cross-border payments including remittances is “promoting interoperability and interlinkages of digital payment […]
Japan Now World’s Fourth-Largest Economy
Japan has lost its spot as the world’s third-largest economy to Germany, after slipping into recession in 2023. The country’s GDP in dollar terms fell to $4.2 trillion, compared with $4.5 trillion for Germany, according to data released on Thursday. Japan’s economy contracted by 0.1% in the fourth quarter of 2023, following a revised 0.8% […]
India Denies EU’s ‘Data Exclusivity’ for Drug Firms
India has refused to accept the demand of four European countries to include a data exclusivity provision in the proposed free trade agreements (FTA). The government said it will protect the interests of the domestic generic drug industry, which contributes to India’s exports and provides affordable medicines. What is data exclusivity? It is a form […]
RBI, NRB Merge UPI, NPI for Global Money Transfers
The Reserve Bank of India (RBI) and Nepal Rastra Bank (NRB) have taken a major step towards enhancing financial connectivity between the two neighbouring countries. On February 15, 2024, the central banks of India and Nepal signed and exchanged the Terms of Reference for the integration of their fast payment systems, namely, the Unified Payments […]
Banks, Fintechs Offer Zero Forex Cards to Young Indian Tourists
The problem of forex markup fees Traveling abroad is no longer a luxury for young Indian professionals, who are increasingly exploring new destinations and cultures. However, one of the biggest challenges they face is the high cost of foreign exchange transactions, which can eat into their travel budget. Typically, when you use a credit or […]
ZF Group EV Component Factory in Tamil Nadu
ZF Group, a leading supplier of automotive systems for automobiles, has inaugurated its new manufacturing facility near Chennai, Tamil Nadu, to produce auto-components and systems for electric vehicles. The plant is the company’s 19th production unit in the country and its 10th in Tamil Nadu . The plant will see an investment of Rs 1,800 […]