New trade pact between India and Bhutan begins from July 29
The Dollar Business Bureau A new trade agreement between India and Bhutan has come into force from July 29. This was signed between the two countries on November 12, 2016. The move will further strengthen the bilateral trade ties between India and Bhutan an official communique read. ‘The agreement provides for a free trade regime between the countries and it also gives duty free transit of Bhutanese goods for trade with third countries,’ the Indian commerce ministry said in a statement. The bilateral trade relations are governed by this agreement. Renewal of this agreement was done on July 29, 2006 for ten years with its validity gaining an extension of a year on July 29, 2016, or till the new agreement comes into force. Bilateral ...
Modi the first PM to meet 16 governors of Russian provinces
The Dollar Business Bureau Prime Minister, Narendra Modi, met and interacted with sixteen Governors of various provinces of Russia on May 2 and reiterated his vision that relationships between regions and provinces of two countries are a vital part of nurturing the bilateral relationship. He recalled warmly his visit to Astrakhan province of Russia in 2001, as Chief Minister of Gujarat. The Governors explained opportunities for increasing interaction, people to people, and business links between their provinces, and India. Several matters and issues common to India and the Russian states were discussed at the meeting. The Governors who attended the interaction included Governors of Arkhangelsk Oblast, Astrakhan Oblast, Irkutsk region, Moscow region, Primorye Territory, Republic of Kalmykia, Tatarstan, St. Petersburg, Sakhalin Oblast, Sverdlovsk ...
India, UK to sign an MoU in transport sector
The Dollar Business Bureau India and the UK on Friday decided to sign a memorandum of understanding (MoU) in urban transport sector to cooperate in policy planning, institutional organisation and technology transfer. India’s Road Transport, Highways and Shipping Minister Nitin Gadkari, who is on a 3-day visit to the UK, concluded the bilateral cooperation agreement between the Transport for London (TfL) and India’s Road Transport and Highways Ministry, which would cover a broad range of solutions in transport mobility and related activities in urban settings. “The signing of the MoU will be completed through diplomatic channels shortly,” Gadkari said. During his visit to the TfL headquarters in London, a presentation was given to Gadkari on strategy & policy reforms, experience of customers and data analysis ...
Chinese envoy proposes action plan to resolve Sino-India differences
The Dollar Business Bureau Extending an olive branch to India, Chinese envoy Luo Zhaohui proposed a four-pronged plan to resolve disputes, and further a friendly Sino-Indian bilateral cooperation. “Firstly, start negotiation on a China-India Treaty of Good Neighbourliness and Friendly Cooperation. Secondly, restart negotiation of China-India Free Trade Agreement. Thirdly, strive for an early harvest on the border issue. Fourthly, actively explore the feasibility of aligning China’s ‘One Belt One Road Initiative, and India's 'Act East Policy',” Luo said, in his address to the United Service Institution on May 5, 2017. While many sensitive issues, including China’s opposition to India’s Nuclear Suppliers Group (NSG) membership, have put daylight between the two nations, this move showcases China’s willingness to meet India half-way through. Speaking ...
India, Oman agree to enhance defence cooperation
The Dollar Business BureauIndia and Oman on Wednesday explored potential areas to enhance bilateral cooperation, as the navies from the two countries held meetings to discuss strategically important regional issues. Indian Navy Chief Admiral Sunil Lamba met Oman's Defence Minister Bader al Busaidi, Commander of Royal Navy of Oman and Rear Admiral Abdullah bin Khamis Al Raisi on the second-leg of his two-day visit to Oman. The two nations deliberated on bolstering engagement between their navies, amid the evolving security situations in the region. Lamba also met Chief of Royal Air Force of Oman Mattar Al Obaidani to jointly discuss the issues of strategic importance to both the countries. The Indian navy chief is will also visit the Sultan Qaboos Naval Academy and ...
Abu Dhabi Global Market & GIFT City IFSC take Bilateral Cooperation to next level
Sheela Mamidenna Abu Dhabi Global Market (ADGM) and Gujarat International Financial Tec-City Special Economic Zone (GIFT SEZ IFSC) are pleased to further their partnership through closer collaboration on efforts and initiatives that foster the developments of each respective financial markets. This new partnership was established in the signing of Memorandum of Understanding (MoU) by Mr. Ajay Pandey, Director and Group Chief Executive Officer of GIFT SEZ and Mr. Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority of ADGM. The United Arab Emirates and India have established decades of mutually beneficial cultural and economic bonds and continue to welcome developments in all aspects of this bilateral relationship. This partnership reinforces Abu Dhabi’s long-term positive relationship with India; it also underscores ...
India, UAE look to enhance bilateral ties in hydrocarbon
Petroleum Minister Dharmendra Pradhan met Suhail Mohammed Al Mazrouei, Minister for Energy of UAE and discussed areas of mutual interest to further strengthen bilateral cooperation in the hydrocarbon sector The Dollar Business Bureau Indian public sector enterprises are interested in taking part in the production process or exploration of hydrocarbon in the UAE, Petroleum Minister Dharmendra Pradhan said Seeking “favourable terms” for Indian oil companies for import of crude oil and LPG from the UAE, Petroleum Minister Dharmendra Pradhan said that the bilateral linkages between the two counties will grow further as a lot of potential in the field of hydrocarbon is still untapped. Pradhan met Suhail Mohammed Al Mazrouei, Minister for Energy of UAE, in New Delhi on Wednesday, ...
India, Lithuania agree to intensify agricultural cooperation
Source: PIB, Government of India Minister of State for Agriculture Mohanbhai Kundaria held bilateral talks in Vilnius with Lithuanian vice Minister for Agriculture Vilius Martuseviius. In delegation level talks on October 01, both sides agreed that there was significant potential for intensifying bilateral cooperation in agriculture, particularly in sectors like food and dairy processing. Kundaria was accompanied by Ambassador Ajay Bisaria, First Secretary Meena, Honorary Consul, Wing Commander Rajinder Chaudhary and senior officers of India’s Ministry of Agriculture. Heads of Departments of the Agriculture Ministry of Lithuania attended the meeting from Lithuanian side. Kundaria briefed the Lithuanian side on the latest agricultural initiatives in India including soil health cards to be given to 140 million farmers and special irrigation schemes. The two ...