India-UAE Forge New Path with Local Currency Settlement System India and the United Arab Emirates (UAE) have embarked on a significant collaboration by establishing a local currency settlement system, marking a pivotal moment in their economic relations. This innovative system allows businesses and traders from both nations to bypass the US dollar and directly trade…
India Exim Bank Opens Nairobi Office to Boost East Africa Trade In a strategic move aimed at enhancing economic ties between India and East Africa, the Export-Import Bank of India (Exim Bank) has inaugurated its representative office in Nairobi, Kenya. This significant step underscores India’s commitment to bolstering trade and investment relations with countries in…
India and Britain Reaffirm Commitment to FTA at Annual Strategic Dialogue Key Discussions and Progress During the annual UK-India Strategic Dialogue in London, India and the UK reiterated their commitment to a Free Trade Agreement (FTA), aiming to enhance economic cooperation. This dialogue marks the 14th round of talks since the initial discussions began, with…
Former Revenue Secretary Tarun Bajaj to Head US-India Tax Forum In a significant development in the realm of bilateral economic relations, former Revenue Secretary Tarun Bajaj has been appointed as the head of the US-India Tax Forum. This appointment comes at a crucial juncture, as both countries seek to enhance cooperation in tax matters amid…
RBI and Bank Indonesia Sign MOU to Promote Local Currency Use In a significant development for the financial landscape, the Reserve Bank of India (RBI) and Bank Indonesia recently inked a Memorandum of Understanding (MOU) to promote the use of local currencies in bilateral trade and investment between the two nations. This strategic move holds…
Exploring the Significance of the 19th NAM Summit in Kampala, Uganda The 19th Non-Aligned Movement (NAM) Summit recently concluded in Kampala, Uganda, marking a crucial moment in international relations. The summit brought together leaders from various countries, addressing key global issues. Here, we delve into the importance of this summit for aspirants preparing for government…
India and Switzerland Celebrated 75 Years of Friendship India and Switzerland celebrated a significant milestone recently, marking 75 years of diplomatic relations and friendly ties. This enduring partnership between the two nations has witnessed numerous collaborations in various domains, including trade, education, and cultural exchange. As students preparing for government exams, it’s crucial to understand…
Nepal and China Sign 12 Agreements: A Closer Look at the Visit’s Outcome Nepal and China, two neighboring nations with a history of cordial relations, recently made headlines as they inked a series of agreements during a significant diplomatic visit. These agreements have implications that resonate beyond their borders and are of particular importance to…
India to Open Embassy in Timor-Leste: Strengthening Diplomatic Ties In a significant development, India is set to open its embassy in Timor-Leste, further enhancing its diplomatic footprint in the Southeast Asian region. This move underscores India’s commitment to bolstering its relations with neighboring nations and holds great relevance for aspirants preparing for various government exams,…
India and Malaysia Can Now Trade in Indian Rupee: Boosting Economic Relations India and Malaysia have recently taken a significant step towards strengthening their economic ties by allowing trade to be conducted in Indian Rupee (INR). This move is expected to enhance bilateral trade and foster closer cooperation between the two nations. The decision marks…
