PM Modi UAE Visit: UPI, CBSE, and BAPS Highlights
PM Modi concluded his two-day official visit to the United Arab Emirates (UAE) on Wednesday, where he met with the top leadership of the country, addressed the World Government Summit in Dubai, inaugurated the first Hindu temple in Abu Dhabi and launched several initiatives to boost cooperation in various fields. Here are some of the […]
BIT & IGA on IMEC: Highlights of India-UAE Pacts
India and the UAE have signed seven agreements, including a Bilateral Investment Treaty (BIT) and an Intergovernmental Framework Agreement on the India-Middle East-Europe Economic Corridor (IMEC). These pacts will enhance trade, investment, energy and digital cooperation between the two countries and beyond. What is IMEC? The IMEC is a visionary initiative that aims to connect […]
RITES, AD Ports Group Join Hands for Infrastructure
RITES Limited, a leading transport infrastructure consultancy and engineering firm in India, and AD Ports Group, a leading facilitator of global trade, logistics and industry in UAE, have signed a strategic Memorandum of Understanding (MoU) to explore joint ventures and collaborations in key areas of trade and logistics. The MoU covers cooperation in the upcoming […]
Adani-Hindenburg Case: SC Review Plea Filed
A review petition has been filed in the Supreme Court seeking a review of its January 3 verdict that dismissed the plea for a SIT or CBI probe into the allegations in Adani-Hindenburg Case. The petition claimed that there were errors and oversights in the judgment and that SEBI had failed to regulate the Adani […]
UPI and AANI Interlinked through India-UAE MoU
India and UAE have signed a memorandum of understanding (MoU) to interlink their instant payment platforms – UPI and AANI. This will enable seamless cross-border transactions between the two countries. What are UPI and AANI? UPI, or Unified Payments Interface, is a real-time payment system developed by the National Payments Corporation of India (NPCI) that […]
BIT Signed to Enhance India-UAE Investments
India and the United Arab Emirates (UAE) have signed a Bilateral Investment Treaty (BIT) on February 13, 2024, to further promote and protect investments between the two countries. The treaty was witnessed by Prime Minister Narendra Modi and UAE’s President Sheikh Mohamed bin Zayed Al Nahyan. What is a BIT? A BIT is an agreement […]
Paytm Under Lens: India Probes Chinese FDI Flow
Paytm, India’s leading digital payments platform, is facing scrutiny from the government over its foreign direct investment (FDI) from China. According to sources, the government is examining the FDI from China in Paytm Payments Services Ltd (PPSL), the payment aggregator subsidiary of One97 Communications Ltd (OCL), which owns Paytm . Paytm and Press Note 3 […]
UPI Goes Global! Sri Lanka & Mauritius Join Digital Payment Wave
India’s Unified Payment Interface (UPI) services will be launched in Sri Lanka and Mauritius on Monday, February 12, 2024, in a virtual ceremony that will be attended by Prime Minister Narendra Modi, Sri Lankan President Ranil Wickremesinghe and Mauritian Prime Minister Pravind Jugnauth. The event will also mark the launch of RuPay card services in […]
ADB, India Ink $200M Loan for Brahmaputra Project
The Asian Development Bank (ADB) and the Government of India have signed a $200 million loan agreement to strengthen flood and riverbank erosion risk management along the 650 km long main stem of the Brahmaputra river in Assam . The loan will support the Climate Resilient Brahmaputra Integrated Flood and Riverbank Erosion Risk Management Project […]
UAE’s ADIA’s $4-5B Investment Plan in India’s GIFT City
Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the United Arab Emirates (UAE), is setting up a $4-5 billion fund to invest in India’s GIFT City through a tax-neutral finance hub in Prime Minister Narendra Modi’s home state of Gujarat, according to two sources with direct knowledge of the matter. Approval from […]