The free trade agreement between India and Australia will come into force from December 29, a move which will help in almost doubling the bilateral commerce to USD 45-50 billion in around five years.
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The central banks of India and UAE are discussing a concept paper on promoting bilateral trade in rupee and dirham with a view to reduce transaction cost, a top official said on Friday.
India and Sri Lanka have agreed to expedite projects, including promoting Buddhist ties, under a special Indian grant of $15 million.
India and Saudi Arabia have held discussions on the feasibility of institutionalising Rupee-Riyal trade, and introduction of UPI and Rupay cards in the kingdom, the commerce ministry said on Monday.
The navies of India and Japan are carrying out a mega military exercise in the Bay of Bengal to enhance operational understanding.
Defending champions India went perilously close to elimination after a six-wicket defeat against Sri Lanka in their super four stage match of the Asia Cup here on Tuesday.
As the Ukraine conflict impacts the global GDP, India is projected to grow by 6.4 per cent in 2022, slower than the last year’s 8.8 per cent but still the fastest-growing major economy, with higher inflationary pressures and uneven recovery of the labour market curbing private consumption and investment, according to a UN report.