India discussed early launch of UPI payment system with Sri Lanka and supports its debt restructuring process. In October, Modi announced that the governments of both India and Sri Lanka are working together on fintech sector connectivity by linking the Unified Payments Interface (UPI) and Lanka Pay.
India & Sri Lanka discuss early launch of UPI payment system
India and the UK launched the talks for an FTA in January 2022 with a view to boost economic ties between the two nations. There are 26 chapters in the agreement, which include goods, services, investments and intellectual property rights.
Indian Oil Corp and Bharat Petroleum Corp are considering lifting an additional 1 million barrels of oil each from Saudi Aramco in February. The move comes after the kingdom cut the official selling price of its key export grade for February to the lowest in 27 months. The Indian Oil Corp is also seeking more […]
India’s total imports and exports between January and November 2023 declined 8% and 5%, respectively, from a year earlier. December data has not been released.
India- famous as a tea producer – is also the world’s eighth-largest coffee grower, mainly churning out the robusta beans used to make instant coffee. It also produces some of the more expensive arabica variety.
An investment of Rs 45,000 crore for the development of river cruise tourism in the country has been promised by the Inland Waterways Development Council (IWDC). The centre aims to develop 26 more waterways which will be fit for River Cruise tourism. Present operational strength is of eight waterways. The number of cruise circuits with […]
Officials said the present perception-based methodology captures India’s reforms such as Logistics Data Bank and Unified Logistics Interface Platform in a limited manner and that information on sample size and sub-indices is not available in the public domain.
Praising India’s diverse food industry and the burgeoning demand for Indian foods globally, the minister emphasised on the need for large-scale food processing, product branding and export focus to provide better value to farmers, generate employment and enhance the country’s earnings.
Commerce Minister Piyush Goyal has confirmed that only a ‘few ticklist issues’ are left needs to be sorted out in the India-UK free-trade agreement (FTA). According to the government, India-UK free trade agreement talks completed 13 rounds of negotiations that took place from 18 September to 15 December. The fourteenth round of negotiations are expected […]
Non-basmati prices high on low supply
2 years ago
The offtake of rice in September and October 2023 was 2.838 mt and 3.098 mt,respectively, while in September and October 2022, the monthly offtake was 5.848 mt and 5.386 mt , respectively. The offtake of rice in November 2023 was 3.126 mt against 7.083 mt in year-ago month.