Showing posts with label UPI. Show all posts
Showing posts with label UPI. Show all posts

Monday, June 15, 2026

India And France Set Five-Year Target To Double Trade To $32 Billion


Prime Minister Narendra Modi’s meeting with French President Emmanuel Macron in Nice has set a bold trajectory for India–France relations, with both sides agreeing to double bilateral trade to $32 billion within five years.

The talks produced 13 significant outcomes, underscoring the strategic depth and multidimensional nature of the partnership.

The leaders unveiled the India–France Innovation Roadmap 2030 and a joint artificial intelligence framework, designed to expand cooperation in critical and emerging technologies. This includes start-up ecosystems, incubators, academic mobility, and industry–academia linkages. A high-level mechanism has been established to oversee the trade target, alongside a new dialogue on economic security.

Defence cooperation featured prominently, with discussions on India’s plan to procure 114 Rafale fighter jets from Dassault Aviation. Foreign Secretary Vikram Misri emphasised that the underlying principle is “maximum local content” in joint defence projects, aligning with the Make-in-India initiative and the framework of co-development, co-design, and co-production. Talks on the Rafale programme have advanced, reflecting India’s push for indigenous manufacturing and technology integration.

Civil nuclear energy was another major focus. The Jaitapur project, involving EDF and the Nuclear Power Corporation of India Limited, was discussed in detail, covering both technical and financial aspects.

PM Modi highlighted India’s recent enactment of the Shanti legislation, which opens the door for French companies to participate directly in India’s nuclear sector, including advanced modular reactors and small modular reactors. This marks a new phase in nuclear cooperation, with opportunities for collaboration between French firms and Indian private sector players.

Technology and innovation were central to the discussions, with Modi stressing a human-centric approach to scientific advancement. The conclusion of negotiations earlier this year on the India–EU free trade agreement adds further relevance to these efforts, as both sides seek to diversify and strengthen economic and technological ties.

Digital cooperation took a tangible step forward with the expansion of India’s UPI payment network to France. UPI will soon be available at Charles de Gaulle Airport in Paris and Nice Airport, enhancing convenience for Indian tourists, students, diaspora, and business travellers. This move strengthens India’s digital public infrastructure footprint in Europe.

Education and talent mobility were also addressed. Modi invited French universities to establish campuses in India under the new education policy, while Macron committed to expanding mutual recognition of educational qualifications. Both leaders discussed enhancing student exchanges and talent mobility, reinforcing people-to-people ties.

A National Centre of Excellence for Skilling in Aeronautics and Allied Sectors will be established in Kanpur. This institution will support skilling, institutional linkages, and research in aviation and aerospace, strengthening the workforce for manufacturing and MRO sectors. Nineteen agreements were signed between institutions in the innovation ecosystem of both countries, further embedding collaboration in research and development.

The 13 outcomes included a high-speed railway cooperation declaration, a security pact for classified data, and measures to boost innovation and digital cooperation. Together, these initiatives reflect the breadth of the partnership, spanning defence, nuclear energy, technology, trade, education, and digital infrastructure.

The Modi–Macron meeting in Nice has reaffirmed the Special Global Strategic Partnership between India and France, setting ambitious goals and concrete mechanisms to achieve them. With trade, defence, nuclear energy, and innovation at the forefront, the relationship is poised to enter a new phase of depth and resilience.

ANI


Sunday, June 7, 2026

EAM Jaishankar And His Nepali Counterpart Strengthen India-Nepal Partnership With New Agreements And Initiatives


Nepal’s Foreign Minister Shisir Khanal, who arrived in India on 5 June at the invitation of External Affairs Minister S Jaishankar, held wide-ranging bilateral talks in New Delhi on Saturday.

The discussions comprehensively reviewed the full spectrum of India-Nepal relations, covering development cooperation, connectivity, trade and transit, energy, and people-to-people ties.

Both ministers also exchanged views on regional and multilateral issues of mutual interest, underscoring the depth of the partnership.

The talks reflected satisfaction with the progress achieved across diverse sectors and welcomed new initiatives to enhance cooperation in innovation, start-ups, digital and financial technology, and training and capacity building. Both sides agreed to intensify efforts to elevate the multifaceted India-Nepal partnership to new heights, reinforcing the shared commitment to strengthening ties.

A significant outcome of the meeting was the announcement that internal processes for the entry into force of the India-Nepal Mutual Legal Assistance Agreement in Criminal Matters (MLAA) had been completed.

This agreement provides a robust institutional legal framework to improve investigation, prosecution, and judicial proceedings in relation to cross-border crimes, directly benefiting citizens of both countries.

EAM Jaishankar also handed over 72 health facilities and 12 cultural heritage projects to Nepal, completed under India’s post-2015 Earthquake Reconstruction Assistance programme. These projects highlight India’s long-standing support for Nepal’s recovery and development, while also strengthening cultural and social bonds.

The ministers jointly launched the Peer-to-Peer (P2P) linkage between India’s Unified Payments Interface (UPI) and Nepal’s National Payments Interface (NPI). This initiative will facilitate cross-border personal remittances, making financial transactions between the two countries more seamless and accessible.

Additionally, they witnessed the signing of a Memorandum of Understanding between Digital India Bhashini and Kathmandu University to co-create the National Digital Infrastructure for the “Voice First” Language Translation platform, a step towards enhancing digital cooperation and linguistic inclusivity.

The discussions were conducted in a warm, friendly, and constructive atmosphere, reflecting the unique and special ties between India and Nepal. During his visit, Foreign Minister Khanal also met India’s National Security Advisor Ajit Doval, further reinforcing the strategic dimension of the bilateral relationship.

This visit marked the first engagement at the level of Foreign Minister since the new government assumed office in Nepal in March 2026. It reaffirmed Nepal’s status as a priority partner under India’s ‘Neighbourhood First’ policy and reinforced the tradition of regular high-level exchanges.

The visit provided an opportunity to exchange views on enhancing the bilateral partnership to fulfil the aspirations of people from both countries and imparted fresh vigour to ongoing efforts to strengthen ties.

ANI



Wednesday, April 29, 2026

India Charts DPI 2.0–3.0 Roadmap To Power $30 Trillion Economy By 2047


NITI Aayog has unveiled a comprehensive two-phased roadmap for India’s Digital Public Infrastructure (DPI), designed to propel the nation toward its ambitious target of becoming a USD 30 trillion economy by 2047.

The report, titled DPI@2047: The Roadmap to Prosperity, was prepared by the NITI Frontier Tech Hub and sets out a vision that shifts the focus from basic digital identity and payments to mass livelihood empowerment and sustained innovation. It also aims to raise per capita income to $18,000, ensuring inclusive growth and removing structural bottlenecks for lower and middle-income groups.

The strategy builds upon the foundational achievements of DPI 1.0, which provided digital identity to over a billion people and enabled seamless transactions through UPI and interoperable banking platforms.

DPI 2.0, spanning 2025 to 2035, will focus on building a broad base of capable citizens, laying the groundwork for DPI 3.0, which runs from 2035 to 2047. The latter phase is intended to drive prosperity through grassroots innovation and high-value local economic growth, creating a society where innovation is democratised and productivity-driven.

MeitY Secretary S Krishnan emphasised that India’s aspiration of becoming a Viksit Bharat by 2047 requires new approaches that deliver growth at scale and speed while ensuring inclusion. He highlighted the success of Aadhaar, UPI, and interoperable digital platforms as proof of the power of open, shared digital building blocks.

The report identifies eight sectoral transformations to drive mass inclusion, including empowering small and medium enterprises with digital intelligence and low-cost job fulfilment systems, and raising incomes for smallholder farmers through digital advisory services and market linkages. These measures aim to address poverty, unemployment, and food security by integrating local trades into global value chains.

The roadmap also focuses on strengthening human capabilities by ensuring equitable access to learner-centric education in local languages and expanding universal health coverage.

It recommends bolstering the Ayushman Bharat Digital Mission to protect families from financial instability during health crises. Systemic enablers such as decentralised energy markets and democratised credit access are also proposed, allowing households to generate renewable power and access microcredits with minimal paperwork.

Krishnan stressed that success will require coordinated execution across government, industry, academia, and civil society, supported by robust institutional frameworks prioritising trust, security, privacy, and interoperability. He noted that India’s DPI approach provides a proven foundation for inclusive, resilient, and sustainable growth as the country marches toward the centenary of independence in 2047.

ANI


Sunday, February 22, 2026

Brazil Eyes UPI Integration And AI-Enhanced DPI In Deepening India Ties


India and Brazil are deepening their strategic partnership, with Brazil expressing keen interest in adopting elements of India's Digital Public Infrastructure (DPI) platforms. This development emerged during Brazilian President Luiz Inacio Lula da Silva's state visit to India, which concluded on 22 February 2026.

Secretary (East) in the Ministry of External Affairs (MEA), P Kumaran, highlighted these discussions during a special briefing in New Delhi. He noted that President Lula, in talks with Prime Minister Narendra Modi, specifically praised India's Unified Payments Interface (UPI) system.

Brazil seeks to adapt UPI-like frameworks for key sectors including agriculture, education, and healthcare. Kumaran revealed that Indian DPI-related entities are collaborating with Brazilian counterparts to develop tailored solutions.

Pharmaceuticals and vaccines represent another major area of cooperation. Artificial intelligence (AI) integration into DPI systems was a focal point, with President Lula proposing its use to optimise platform utilisation and inform policy decisions through effective data analysis.

A significant step forward involves linking India's UPI with Brazil's Pix payment system to enable seamless cross-border transactions. To bolster this, a new Centre of Excellence for DPI is being established in Brazil, drawing on India's expertise in digital governance.

President Lula's participation in the India AI Impact Summit 2026 underscored Brazil's commitment to sovereign AI models and responsible AI development. These talks align with broader technological exchanges between the two nations.

Defence cooperation also featured prominently. An MoU was signed with Embraer, Brazil's aerospace giant, paving the way for an assembly or production line for regional jets in India. Prime Minister Modi requested Embraer to establish a maintenance, repair, and overhaul (MRO) facility as well.

Both sides emphasised critical minerals and mining opportunities. Enhancing market access for agricultural products was discussed, with suggestions for tariff adjustments on specific crops, though negotiations remain at an early stage.

Kumaran advised awaiting details from the Ministry of Commerce on trade liberalisation. These efforts aim to mutually open markets and foster balanced economic ties.

President Lula arrived in India on 18 February 2026, accompanied by 11 ministers. He participated in the AI summit on 19-20 February and received a traditional welcome at Rashtrapati Bhavan on 22 February. The leaders met at Hyderabad House.

This marks President Lula's fifth visit to India as president. It follows Prime Minister Modi's state visit to Brasilia on 8 July 2025, signalling a robust bilateral momentum.

ANI


Friday, February 20, 2026

Norwegian Digitalisation Minister Praises India's 1.4 Billion-Strong Digital Revolution At AI Summit


Norway's Minister of Digitalisation and Public Governance, Karianne Oldernes Tung, has praised India's remarkable achievements in digital scaling during her address at the AI Impact Summit in New Delhi.

Speaking on the sidelines of the event on 19 February 2026, she highlighted how even a small nation like Norway, with its advanced digital infrastructure, could draw valuable lessons from India's efforts to digitise a population of 1.4 billion.

Tung expressed deep admiration for the scale and speed of India's digital public infrastructure rollout. She specifically commended initiatives such as digital identity systems, digital wallets, seamless payment mechanisms, and widespread financial inclusion programs that have brought banking services to nearly everyone.

'The work that India has done on digitalisation over the last couple of years—digital ID, wallets, payments, bank accounts for everyone—I'm really impressed by the scaling that you have done here in India with 1.4 billion people,' Tung told ANI. 'Even a small country like Norway can learn a lot from India on this.'

Her visit to India underscores a commitment to bolstering bilateral ties, particularly in emerging technologies and innovative governance models. Tung stressed the need for sustained collaboration between the two countries in the coming years to harness these opportunities.

Congratulating India on organising the AI Impact Summit, Tung lauded the host nation's emphasis on democratic and inclusive artificial intelligence. She noted that Norway, despite being one of the world's most digitised nations, remains committed to global digital equity.

'I want to congratulate India on hosting the AI Impact Summit. They've done a great job, and Norway really supports the priority from India on focusing on democratic AI and inclusive AI,' she remarked. 'Norway is one of the most digitised countries in the world, but we are not satisfied until every country is digitised. That means no country left behind, and that is also a priority of this summit. This has been a good summit so far.'

Tung also referenced the trade agreement signed two years ago between India and the European Free Trade Association (EFTA), which includes Norway. This pact lays a robust foundation for enhanced cooperation across key sectors including maritime industries, healthcare, cybersecurity, and digital technologies.

She anticipated that artificial intelligence would permeate these areas, driving transformative advancements. 'The agreement focuses on maritime industries, healthcare, cybersecurity, and, of course, digital technologies. Artificial intelligence will go through all these areas and be important in the coming years. I think here is a good time for Indian and Norwegian collaborations in the years to come,' Tung added.

The AI Impact Summit 2026, hosted by India from 16 to 20 February, is anchored in three foundational pillars known as 'Sutras': People, Planet, and Progress. Prime Minister Narendra Modi inaugurated the accompanying AI Impact Expo at Bharat Mandapam in New Delhi on 16 February.

As the first major global AI gathering in the Global South, the summit has attracted unprecedented attendance, featuring over 20 Heads of State, 60 Ministers, and 500 leading AI experts from around the world. It brings together policymakers, technology firms, innovators, academics, and industry leaders.

The event aligns closely with India's AI Mission and Digital India initiative, aiming to convert international AI discussions into tangible developmental outcomes. Tung's remarks signal growing international recognition of India's digital prowess and its potential as a model for scalable, inclusive technology deployment.

ANI


Sunday, February 8, 2026

India And Malaysia Accelerate Comprehensive Strategic Ties In Trade, Defence, Tech, And Beyond


India and Malaysia have committed to invigorating their strategic partnership, with a focus on expanding defence, security, technology, and trade relations. On 8 February 2026, Prime Minister Narendra Modi, during his first overseas visit of the year to Kuala Lumpur, joined Malaysian Prime Minister Anwar Ibrahim in announcing measures to inject "new speed and depth" into bilateral ties.

The leaders highlighted progress in energy, infrastructure, manufacturing, and technology sectors. PM Modi praised Anwar Ibrahim for infusing fresh energy into the relationship in recent years, building on the upgrade to a Comprehensive Strategic Partnership in August 2024.

Defence and security emerged as key priorities. Both nations agreed to bolster cooperation in counter-terrorism, intelligence sharing, and maritime security, addressing shared Indo-Pacific concerns. PM Modi stressed that defence ties would become more comprehensive to enhance regional stability.

Economic collaboration will extend to high-priority areas like semiconductors, artificial intelligence, digital payments, health, and food security. A CEO Forum on the sidelines unlocked new trade and investment opportunities, aiming to drive economic transformation through strategic trust.

Bilateral trade has grown steadily, supported by investments in the digital economy, biotechnology, IT, tourism, and people-to-people links. PM Modi emphasised the role of Malaysia's nearly three-million-strong Indian diaspora as a "living bridge," with welfare measures providing a humane foundation.

Practical initiatives include a Social Security Agreement for Indian workers, gratis e-visas for tourism, and the rollout of India's UPI system in Malaysia. These steps ensure partnership benefits reach ordinary citizens directly.

Cultural bonds, particularly the shared affinity for the Tamil language in Malaysia's education, media, and culture, were underscored. A new audio-visual agreement will promote unity through films and music, especially Tamil cinema.

Youth engagement will expand via university exchanges, start-up collaborations, and skill development. To facilitate this, India announced a new consulate in Malaysia.

Regionally, PM Modi reaffirmed India's commitment to ASEAN centrality, congratulating Malaysia on its successful chairmanship. Both sides will hasten the review of the ASEAN-India Trade in Goods Agreement (AITIGA), viewing the Indo-Pacific as a global growth engine.

The talks addressed global challenges, including the need for international institutional reforms. PM Modi reiterated India's firm stance against terrorism, insisting on no double standards or compromise.

Delegation-level discussions preceded the press conference, yielding agreements, notably in semiconductors. PM Modi invited Anwar Ibrahim to India, expressing optimism for a prosperous Malaysia and a developed India.

Based On ANI Report


PM Modi Prioritizes ASEAN Centrality In Indo-Pacific Strategy With Malaysia


Prime Minister Narendra Modi affirmed India's steadfast commitment to ASEAN centrality during a visit to Kuala Lumpur on 8 February 2026. Speaking at a joint press conference with Malaysian Prime Minister Anwar Ibrahim, he described the Indo-Pacific as the world's emerging growth engine. PM Modi emphasised deepening cooperation in emerging technologies following extensive bilateral talks.

He reiterated India's dedication, alongside ASEAN, to fostering development, peace, and stability across the region. "India prioritises ASEAN centrality," Modi stated, while congratulating Malaysia on its ASEAN chairmanship. The leaders agreed to expedite the review of the ASEAN-India Trade in Goods Agreement (AITIGA).

Collaboration in key areas saw significant advancements. Modi announced strengthened ties in counter-terrorism, intelligence sharing, maritime security, and defence. Partnerships will expand into AI, digital technologies, semiconductors, health, and food security, building on a CEO Forum that opened new trade and investment avenues.

Modi adopted a firm stance on terrorism: "No double standards. No compromise." He highlighted the Indian diaspora's role, noting that around three million people of Indian origin in Malaysia act as a "live-in bridge" between the nations. Initiatives like a social security agreement for Indian workers, free e-visas for tourism, and UPI rollout in Malaysia will directly benefit citizens.

Cultural affinities, particularly the shared affection for the Tamil language thriving in Malaysia's education, media, and culture, were underscored. An audio-visual agreement covering films and music, including Tamil cinema, alongside university exchanges, start-up collaborations, and skill development programmes, aims to connect the youth. Modi also announced a new Indian consulate in Malaysia.

Anwar Ibrahim praised India's global economic progress under Modi's leadership. He committed to deepening ties in trade, investment, semiconductors, digital economy, local currency trade, connectivity, energy, agriculture, food security, defence, and education. Both leaders expressed confidence in swift execution of decisions.

Earlier delegation-level talks reinforced defence and security cooperation while expanding economic and innovation partnerships. Several agreements were signed, notably in semiconductors. This builds on India and Malaysia elevating ties to a Comprehensive Strategic Partnership in August 2024.

Based On ANI Report



PM Modi's Malaysia Trip Seals Comprehensive Pacts A Decade After Strategic Leap


Prime Minister Narendra Modi's visit to Malaysia marks a pivotal moment in bilateral relations, coming nearly a decade after his 2015 official trip, during which ties were elevated to an Enhanced Strategic Partnership.

Ministry of External Affairs Secretary (East) Periasamy Kumaran highlighted this continuity, noting the steady expansion of cooperation between the two nations.

The relationship received fresh impetus in 2024 with Malaysian Prime Minister Anwar Ibrahim's visit to India, upgrading the partnership to a Comprehensive Strategic Partnership. PM Modi received a warm welcome in Kuala Lumpur on 7 February, featuring vibrant cultural performances at the airport and his place of stay.

Both leaders jointly addressed a large gathering of the Indian diaspora at the MINES International Exhibition and Convention Centre. The event showcased an exhibition on the history of the Indian community in Malaysia and performances by about 800 local artists, with the scale of Indian dance displays entering the Malaysian Book of Records.

Following a ceremonial welcome at Perdana Putra, PM Modi emphasised the deep historical, cultural, and maritime bonds between India and Malaysia. He noted Malaysia as the world's second-largest nation with a population of Indian origin, underscoring shared civilisations, heritage, and democratic values.

During wide-ranging discussions and an official luncheon hosted by PM Ibrahim, the leaders oversaw the exchange of multiple bilateral documents. PM Modi placed the partnership in the Indo-Pacific context, affirming India's commitment to regional growth, peace, and stability alongside ASEAN.

Key areas of deepened cooperation include counter-terrorism, intelligence sharing, maritime security, and comprehensive defence ties. Partnerships will also advance in AI, digital technologies, semiconductors, health, and food security.

Significant initiatives announced include establishing an Indian Consulate General in Malaysia to enhance consular services, diaspora outreach, and commercial engagement. Cross-border payments cooperation between NPCI International Payments Ltd and PAYNET SDN BHD will enable UPI transactions, benefiting tourists and the diaspora while bolstering Indian fintech.

An audio-visual co-production agreement aims to foster joint film production and cultural promotion. Further MoUs cover disaster management, anti-corruption efforts between the Central Bureau of Investigation and Malaysia's Anti-Corruption Commission, UN peacekeeping, semiconductors, and the International Big Cats Alliance.

Additional pacts address social security for Indian workers in Malaysia, vocational education and training, national security cooperation, health and medicine collaboration, and the 10th Malaysia-India CEO Forum report to boost trade and investment.

Cultural milestones feature a dedicated Thiruvalluvar Centre at Universiti Malaya for research in arts, culture, and leadership, alongside Thiruvalluvar Scholarships for Malaysian students in India. An MoU between the University of Cyberjaya and India's Institute of Training and Research in Ayurveda promotes traditional medicine collaboration.

These outcomes underscore the burgeoning momentum in India-Malaysia relations across strategic, economic, and cultural spheres, building on diplomatic ties established in 1957.

Based On ANI Report


Saturday, February 7, 2026

PM Modi Hails 'TRUST' As India's Top Trade Asset In Kuala Lumpur Address


India's Prime Minister Narendra Modi has declared that trust has emerged as the nation's strongest currency amid its expanding global trade partnerships.

Speaking to the Indian diaspora in Kuala Lumpur during a two-day visit to Malaysia, he emphasised how recent agreements with key partners have elevated New Delhi's status as a reliable hub for investment and trade.

PM Modi noted that India has transitioned from being perceived merely as a vast market to a trusted partner for growth. He cited ongoing or concluded trade deals with the United Kingdom, European Union, United States, United Arab Emirates, Australia, New Zealand, and Oman as evidence of this shift. The audience responded enthusiastically, chanting his name in approval.

In January, India finalised a trade agreement with the European Union during a state visit by European Council President Antonio Costa and European Commission President Ursula von der Leyen. Earlier on the same day, India and the US unveiled a framework for an Interim Agreement on reciprocal trade, building on Bilateral Trade Agreement negotiations launched in February 2025 by President Donald Trump and PM Modi.

The US-India joint statement outlined a reciprocal tariff of 18 per cent on select Indian goods, including textiles, apparel, leather, footwear, plastics, rubber, organic chemicals, home decor, artisanal products, and certain machinery. This framework aims to enhance market access and bolster resilient supply chains.

Addressing the diaspora, PM Modi highlighted people-centric initiatives, such as extending Overseas Citizen of India (OCI) card eligibility to Malaysian citizens of Indian origin up to the sixth generation. 

He also announced Thiruvalluvar Scholarships for Malaysian students to study in India and the forthcoming opening of a new Indian Consulate in Malaysia to foster closer ties.

Reflecting on India's progress over the past decade, PM Modi contrasted the 2015 outlook with current achievements. He recalled promising India's potential then, but now showcasing its performance: from the 11th largest economy to nearing the top three, while remaining the world's fastest-growing major economy.

Key milestones include India becoming the second-largest mobile manufacturer globally, a surge in defence exports, and its position as the third-largest start-up hub. The nation has also built the world's largest Digital Public Infrastructure and fintech ecosystem, processing nearly half of global real-time digital transactions via the Unified Payments Interface (UPI).

PM Modi further underscored India's clean energy push, with solar capacity expanding fortyfold in the last decade. His visit to Malaysia seeks to deepen the Comprehensive Strategic Partnership through cooperation in economic, digital, cultural, and people-to-people domains.

Based On ANI Report


Tuesday, January 20, 2026

India, UAE Unite On FATF To Thwart Terror Funds And Money Laundering


India and the United Arab Emirates have pledged to deepen their collaboration under the auspices of the Financial Action Task Force (FATF) to combat terrorist financing and enhance anti-money laundering measures.

This commitment emerged from a high-level meeting in New Delhi between Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan.

The leaders issued a joint statement unequivocally condemning terrorism in all its forms, including cross-border variants. They stressed that no nation should offer safe haven to individuals who finance, plan, support, or perpetrate terrorist acts.

Both sides agreed to sustain their cooperation within the FATF framework, the global watchdog dedicated to curbing money laundering and terror financing. This partnership underscores a shared resolve to tackle these transnational threats effectively.

Foreign Secretary Vikram Misri highlighted the discussions, noting the strong mutual condemnation of cross-border terrorism. He emphasised the need to hold accountable all those involved in planning, supporting, or funding such acts.

The UAE President extended support for India's forthcoming BRICS Chairmanship later in 2026. Misri described the brief three-to-three-and-a-half-hour visit as exceptionally substantive, yielding significant outcomes.

India reciprocated by backing the UAE's co-hosting of the 2026 UN Water Conference. This event aims to accelerate progress on Sustainable Development Goal 6, promoting sustainable water and sanitation management worldwide.

The leaders also exchanged perspectives on regional and global matters of common concern. Their dialogue reinforced a joint commitment to fostering peace, security, and stability across the region.

The joint statement praised the robust cooperation and mutual backing between the two nations in multilateral and plurilateral forums. This alignment bolsters their influence on the international stage.

Discussions touched on pressing regional issues, including Yemen, Gaza, and Iran. Misri confirmed that both leaders shared detailed views, reflecting the depth of their strategic consultations.

Trade featured prominently, with focus on bilateral commerce and the benefits of the India-UAE Comprehensive Economic Partnership Agreement (CEPA). Officials aim to expand trade volumes in the years ahead.

Misri noted the CEPA's positive impact on bilateral trade dynamics. Both nations envision further growth, leveraging this framework to drive economic ties.

Sheikh Mohamed's visit marked his third official trip to India as UAE President and his fifth in the past decade. This frequency highlights the intensifying high-level engagements between New Delhi and Abu Dhabi.

The Ministry of External Affairs shared an update on X, detailing the wide-ranging talks on bilateral, regional, and global issues. The discussions prioritised strengthening cooperation in trade, investment, defence, technology, and people-to-people links.

The meeting exemplified the close personal rapport between Modi and Sheikh Mohamed. It also spotlighted the remarkable evolution of the India-UAE partnership, poised for even greater heights.

This development aligns with broader India-UAE strategic convergence, particularly in countering terror financing amid regional volatilities. Enhanced FATF collaboration promises more resilient financial safeguards against illicit networks.

Based On ANI Report


UAE Leader's Swift New Delhi Trip Yields Key Pacts Says Foreign Secretary Vikram Misri


India's Foreign Secretary Vikram Misri has described the recent official visit by UAE President Sheikh Mohamed bin Zayed Al Nahyan to New Delhi as a "short, but extremely substantive" engagement.

The visit concluded on 19 January 2026, underscoring the robust diplomatic ties between the two nations. Despite its brevity—lasting less than two hours—it featured high-level discussions that highlighted the depth of their strategic partnership.

Prime Minister Narendra Modi personally received the UAE President at the airport, a gesture that Misri emphasised as reflective of the "extremely warm and close relationship" shared by the two leaders. This personal touch set the tone for the itinerary, which proceeded directly to the Prime Minister's residence. Such receptions are rare and signal the premium placed on India-UAE relations.

At the residence, talks unfolded in a restricted format initially, allowing the leaders to deliberate on key issues privately. This was followed by an expanded format, incorporating delegation members from both sides. The structure ensured comprehensive coverage of bilateral matters, blending intimacy with broader stakeholder input.

A notable highlight was the exchange of several documents in the presence of the two leaders. Misri confirmed this ceremonial yet significant act, though specifics remain undisclosed.

Such exchanges often formalise agreements on trade, investment, defence, or technology cooperation, reinforcing ongoing commitments.

The UAE delegation's composition further amplified the visit's importance. It included members of the royal families from Abu Dhabi and Dubai, alongside senior ministers and officials. This high-calibre representation from the UAE side mirrors the stature of the discussions and the priority accorded to India.

Sheikh Mohamed's trip marks his third official visit to India since becoming President, and his fifth overall in the past decade. This frequency attests to the sustained momentum in high-level interactions. Previous visits have catalysed advancements in economic and strategic domains.

The timing of the visit is particularly noteworthy amid a volatile regional landscape. Tensions between Iran and the United States have sharpened, while Saudi Arabia-UAE frictions over Yemen persist. The unsettled situation in Gaza adds further complexity to Middle Eastern dynamics, positioning India-UAE engagements as stabilising influences.

India and the UAE have seen bilateral trade surge since signing the Comprehensive Economic Partnership Agreement (CEPA) in 2022. This pact has boosted commerce, with non-oil trade exceeding expectations and diversifying into sectors like technology, renewables, and logistics. People-to-people ties have also flourished, supported by a large Indian expatriate community in the UAE.

Defence and security cooperation forms another pillar, with joint exercises, intelligence sharing, and potential arms deals under discussion. The UAE's interest in India's indigenous defence production aligns with New Delhi's push for self-reliance via 'Make in India'. Space and aerospace collaborations, including satellite technology, further bind the partnership.

Energy security remains central, with the UAE as a key supplier of oil and emerging partner in green hydrogen. Infrastructure investments, such as UAE stakes in Indian ports and railways, exemplify economic interdependence. Fintech and digital payments initiatives, like RuPay-UPI integration in the UAE, enhance financial linkages.

This visit reinforces India's multi-alignment strategy in the Gulf, balancing ties with the UAE against broader regional engagements. For the UAE, it diversifies partnerships beyond traditional allies amid shifting OPEC dynamics. As both nations navigate global uncertainties, such interactions promise accelerated cooperation across strategic fronts.

Based On ANI Report


Friday, September 26, 2025

India Strengthens Ties With Central American Integration System Countries, Focuses On Trade And Digital Payments: EAM Jaishankar


India is intensifying its diplomatic and economic engagement with Central American Integration System (SICA) member countries, with a pronounced focus on trade and digital payments, according to recent statements by External Affairs Minister S Jaishankar at the India-SICA Foreign Minister's Meeting in New York.

Jaishankar emphasized the growing interest of Indian companies in SICA economies, spotlighting investment prospects in sectors such as agriculture, renewable energy, pharmaceuticals, and information technology. He highlighted that India is committed to fostering closer economic ties with SICA, noting that these key sectors are crucial for sustainable development and mutual growth.

A major highlight was India's offer to extend its Unified Payments Interface (UPI) system to SICA countries. Jaishankar described UPI as a transformative, low-cost technology for cashless transactions, noting that more than half of global cashless payments are processed in India due to the system’s efficiency. He expressed readiness to collaborate with SICA partners to adapt UPI for their economies, potentially enhancing financial inclusion and payment system robustness in the region.

India’s engagement with SICA has increased notably over the past decade. Jaishankar acknowledged a series of high-level visits, both his own and those by his deputy Pabitra Margherita, to SICA member nations such as the Dominican Republic, Guatemala, El Salvador, Panama, and Nicaragua, demonstrating the commitment to deepening ties. He outlined intentions for future visits, although recent trade concerns have temporarily shifted attention.

Jaishankar reiterated India's view of SICA as a vital partner under the South-South Cooperation framework. He stressed that India and SICA countries share challenges in development, poverty alleviation, and climate change, and these issues can be better addressed through collaborative efforts. The meeting was described as a valuable forum for exchanging perspectives and strategies on development and global trends.

India and SICA maintain structured dialogue mechanisms to bolster cooperation. The Mechanism for Political Dialogue and Cooperation, established in 2023 with meetings such as the one in Panama City, reinforced the collective desire to strengthen ties and expand cooperative efforts.

On the sidelines of the meeting, Jaishankar held discussions with Panama’s Foreign Minister Javier Martinez-Acha and other officials from Guatemala, Costa Rica, Australia, Egypt, the UK, and Malaysia. These interactions, reflective of India’s multilateral approach, focused on advancing shared interests in global fora and reinforcing bilateral connections.

Jaishankar also contributed to the G20 Foreign Ministers' Meeting and the UN General Assembly session. He called on G20 members to prioritize global stability through dialogue, diplomacy, and robust measures against terrorism, with special attention to energy and economic security in times of geopolitical and economic volatility.

India’s collaboration with SICA countries is set to further advance in domains including digital transformation, renewable energy, food and health security, and climate action. The overarching objective is to leverage shared opportunities and address common challenges, positioning SICA as a cornerstone for India's engagement in the Latin American and Caribbean region.

Based On ANI Report


Tuesday, August 12, 2025

Singapore FM Vivian Balakrishnan To Visit Delhi For 3rd India-Singapore Ministerial Roundtable, Presidential Meeting


Singapore's Foreign Minister Vivian Balakrishnan is scheduled to visit Delhi on the evening of August 12, 2025, as part of an official visit to India. His visit coincides with the 3rd India-Singapore Ministerial Roundtable (ISMR), which will take place on August 13, 2025, at Hyderabad House, starting at 9:50 am.

Following the roundtable, he will participate in an official photo session and later call on the President of India at Rashtrapati Bhavan, where another official photo opportunity is planned. The visit will conclude with Balakrishnan's departure from Delhi on the night of August 13.

The 3rd ISMR represents a significant ministerial-level platform aimed at strengthening cooperation between India and Singapore in new and emerging areas. This roundtable will review the progress made since the 2nd roundtable held in Singapore in August 2024 and identify fresh growth opportunities to deepen bilateral collaboration. The 3rd ISMR comes amid the 60th anniversary of diplomatic relations between India and Singapore in 2025, underscoring the deep and strategic ties both countries share.

The Singapore delegation is led by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong and includes Coordinating Minister for National Security and Minister for Home Affairs K Shanmugam, Foreign Minister Vivian Balakrishnan, Minister for Digital Development and Information Josephine Teo, Minister for Manpower and Minister-in-charge of Energy and Science and Technology Tan See Leng, and Acting Minister for Transport and Senior Minister of State for Finance Jeffrey Siow.

On the Indian side, the delegation includes Minister of Finance and Corporate Affairs Nirmala Sitharaman, Minister of External Affairs S. Jaishankar, Minister of Commerce and Industry Piyush Goyal, and Minister of Electronics and Information Technology, Railways, and Information and Broadcasting Ashwini Vaishnaw.

The ISMR, envisaged by Indian Prime Minister Narendra Modi, serves as a unique mechanism for setting a forward-looking agenda for India-Singapore cooperation. It follows the inaugural meeting in New Delhi in September 2022 and the second in Singapore in August 2024. The roundtable is designed to broaden and deepen bilateral relations and explore new avenues for cooperation in areas including investments, industrial parks, semiconductors, infrastructure, skill development, and connectivity.

This visit also reflects the high level of ongoing diplomatic and economic exchanges between the two countries. Recent interactions, such as External Affairs Minister S. Jaishankar's visit to Singapore in July 2025, have emphasized the importance India places on its relationship with Singapore. These exchanges have included dialogues on ASEAN, Indo-Pacific strategies, and global developments, alongside efforts to boost investments and strategic partnerships, with an eye to mutual benefit and growth.

The visit of Singapore's Foreign Minister Vivian Balakrishnan and the ministerial roundtable signify a continuation and strengthening of the comprehensive strategic partnership India and Singapore elevated to during Prime Minister Modi’s visit to Singapore in 2024. These efforts aim to expand collaboration through new initiatives and emerging sectors, thereby reinforcing the strong, multifaceted cooperation that India and Singapore enjoy.

Based On ANI Report


India, Singapore To 'Review Progress' And 'Deepen Cooperation' At 3rd Ministerial Roundtable In New Delhi


The third India-Singapore Ministerial Roundtable (ISMR) is scheduled to be held in New Delhi on August 13, 2025. This ministerial-level platform plays a critical role in driving cooperation between India and Singapore in new and emerging areas.

The Roundtable will review the progress made since the second meeting held in Singapore in August 2024 and identify fresh growth opportunities to deepen bilateral collaboration.

The Singapore delegation is led by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong, and includes senior ministers responsible for national security, home affairs, foreign affairs, digital development, manpower, energy, science and technology, and transport.

The Indian delegation comprises Minister of Finance and Corporate Affairs Nirmala Sitharaman, Minister of External Affairs S Jaishankar, Minister of Commerce and Industry Piyush Goyal, and Minister of Electronics and Information Technology, Railways, and Information and Broadcasting Ashwini Vaishnaw.

The roundtable reflects the strong and mature bilateral relationship, coinciding with the 60th anniversary of India-Singapore diplomatic relations in 2025 and the 10th anniversary of their Strategic Partnership. Earlier this year, the relationship was elevated to a Comprehensive Strategic Partnership, underlining increasing engagement.

Economic cooperation is a key pillar, supported by the Comprehensive Economic Cooperation Agreement (CECA) since 2005, with bilateral trade growing from S$20 billion in 2005 to S$52.2 billion in 2023. Singapore is India's top foreign investor, contributing 24% of India's FDI equity inflows since 2000, while Indian investments in Singapore have grown significantly as well.

Both countries are collaborating extensively in areas such as manufacturing, sustainability, digitalization, skills development, advanced manufacturing including semiconductors, and connectivity. Initiatives include real-time digital payments linkage between Singapore’s PayNow and India’s Unified Payments Interface (UPI), cybersecurity cooperation, joint development of low-carbon industrial parks, and skills training centers in India supported by Singapore.

Singapore companies actively invest in India's manufacturing, technology innovation, and sustainability sectors, while India-based startups use Singapore as a regional hub, especially in fintech and healthtech.

Additionally, strong connectivity is maintained with Singapore's ports operating terminals in India for over 25 years, Singapore Airlines owning a significant stake in Air India, and plans underway for Green and Digital Shipping Corridors promoting sustainable shipping and green fuels trade.

The third ISMR will reinforce this comprehensive strategic partnership and enhance cooperation across diverse sectors to further strengthen mutual growth and prosperity between India and Singapore.

This roundtable also sets a positive stage for Singapore Prime Minister Lawrence Wong's upcoming visit to India in early September 2025. The wide-ranging collaboration underscores both nations' commitment to expanding their bilateral ties for mutual benefit.

Based On ANI Report


India, Singapore To 'Strengthen Strategic Partnership' At Third Ministerial Roundtable Marking '60 Years of Diplomatic Relations'


The third India-Singapore Ministerial Round Table (ISMR) is scheduled to be held in New Delhi on August 13, 2025, marking a significant milestone of 60 years of diplomatic relations between the two countries.

This high-level platform, envisioned by Prime Minister Narendra Modi, aims to deepen bilateral cooperation and explore mutually beneficial collaboration in emerging areas while addressing geopolitical and macroeconomic challenges.

The event will review progress made since the last round table held in Singapore in August 2024 and focus on six key pillars: sustainability, digitalisation, skills development, healthcare and medicine, advanced manufacturing, and connectivity.

Representing Singapore will be Deputy Prime Minister and Minister for Trade & Industry Gan Kim Yong, Coordinating Minister for National Security K Shanmugam, Ministers for Foreign Affairs, Digital Development, Manpower, and Transport.

India's delegation will include Minister of Finance Nirmala Sitharaman, Minister of External Affairs S Jaishankar, Minister of Commerce and Industry Piyush Goyal, and Minister Ashwini Vaishnaw, who oversees Electronics and IT, Railways, and Information and Broadcasting.

The meeting follows the upgrade of India-Singapore relations to a Comprehensive Strategic Partnership during Prime Minister Modi’s visit to Singapore in September 2024 and marks the 10th anniversary of their Strategic Partnership.

It comes after high-level visits earlier in 2025, including Singapore President Tharman Shanmugaratnam’s State Visit to India. Bilateral trade has grown impressively to S$52.2 billion in 2023, over 2.5 times the value in 2005, supported by the Comprehensive Economic Cooperation Agreement signed in 2005.

Singapore is India’s top foreign investor, accounting for about 24% of foreign direct investment inflows since 2000, while Indian investment in Singapore rose significantly to approximately S$31.6 billion in 2023.

Key topics to be discussed at the round table include deepening cooperation in semiconductor manufacturing through the India-Singapore Semiconductor Ecosystem Partnership MOU, furthering digitalisation such as payment linkage between Singapore’s PayNow and India’s UPI, advancing skills training through joint flagship programs focusing on sectors like AI and aerospace, and expanding connectivity initiatives.

These include Singapore’s operation of maritime terminals in India, its stake in Air India, cooperation on maintenance facilities for aircraft, and plans for a Green and Digital Shipping Corridor to promote sustainable shipping and green fuel trade.

The ISMR continues to be a unique and evolving forum for addressing challenges while fostering mutual trust and understanding, building on decades of close diplomatic and economic relations. This third round table is expected to reinforce the strategic partnership and set a forward-looking agenda for broadening collaboration for mutual growth and prosperity.

Based On ANI Report


Friday, July 11, 2025

Namibia To Roll Out Digital Payments System Based On India’s UPI


Namibia is set to become the first African country to roll out a digital payments system based on India’s Unified Payments Interface (UPI), following a landmark agreement between the National Payments Corporation of India (NPCI) and the Bank of Namibia.

This initiative was publicly confirmed during Prime Minister Narendra Modi’s state visit to Namibia in July 2025, which was the final stop on his five-nation tour that also included the BRICS Summit in Brazil.

The licensing agreement, signed in April 2024, allows Namibia to adopt UPI’s real-time digital payment infrastructure. The system is scheduled to go live in September 2025, enabling Namibians to make instant payments using their mobile phones, significantly reducing reliance on cash and traditional payment methods.

The move is expected to enhance financial inclusion, empower small businesses, and extend secure, efficient payment options to underserved and remote communities.

This collaboration is part of a broader effort to deepen bilateral cooperation between India and Namibia across sectors such as digital technology, defence, trade, agriculture, healthcare, education, energy, and critical minerals.

The leaders also discussed expediting a preferential trade agreement between India and the Southern African Customs Union (SACU) to further boost economic ties.

Beyond digital payments, the visit saw the finalisation of two memoranda of understanding (MoUs) on health and entrepreneurship development, and Namibia’s announcement of joining the Coalition for Disaster Resilient Infrastructure and the Global Biofuels Alliance. Modi also thanked Namibia for its support of India’s cheetah conservation project and invited the country to join the International Big Cat Alliance.

The adoption of UPI in Namibia marks a significant milestone in the globalisation of India’s fintech expertise, positioning UPI as a model for digital transformation in developing economies and potentially inspiring similar initiatives across Africa.

Based On ANI Report


Tuesday, May 6, 2025

Finance Minister Sitharaman Meets ADB President, Italian Counterpart; Praise India's For UPI Success


Union Finance and Corporate Affairs Minister Nirmala Sitharaman led the Indian delegation at the 58th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) in Milan, Italy, from May 4 to 7, 2025. Her delegation included officials from the Department of Economic Affairs, Ministry of Finance, and participated in key sessions such as the Governors’ Business Session, Plenary Session, and the ADB Governors’ Seminar on “Cross-Border Collaboration for Future Resilience”.

During the meeting with ADB President Masato Kanda, Sitharaman reiterated India’s commitment to private sector-led economic growth, highlighting the country’s ongoing efforts to create a favorable policy and regulatory environment.

She emphasised major government initiatives such as the Insolvency and Bankruptcy Code (IBC), corporate tax rate reductions, Goods and Services Tax (GST) implementation, Production-Linked Incentives (PLI), the National Infrastructure Pipeline (NIP), Gati Shakti National Master Plan, and Start-Up India. These measures, she noted, have significantly improved the ease of doing business in India.

Sitharaman also invited ADB to pilot innovative financing products and models in India, positioning the country as a hub for new development finance approaches. President Kanda expressed ADB’s full support for India’s development agenda, aligning with Prime Minister Narendra Modi’s vision of “Viksit Bharat 2047”.

In her bilateral meeting with Italian Finance Minister Giancarlo Giorgetti, Sitharaman discussed ways to deepen India-Italy economic ties and enhance cooperation on global and multilateral platforms. The talks highlighted the implementation of the Joint Strategic Action Plan 2025-2029, announced by Prime Ministers Modi and Meloni in November 2024, aimed at expanding cooperation in priority sectors. With bilateral trade reaching $14.56 billion in FY2023-24, Sitharaman identified significant opportunities in renewable energy, digital technologies, agri-food processing, and high-end manufacturing. She encouraged Italian companies to invest in India through the government’s PLI schemes.

A key focus of Sitharaman’s engagements was India’s success with Digital Public Infrastructure (DPI) platforms such as Aadhaar, UPI, and DigiLocker. She proposed collaboration on innovative fintech solutions and highlighted India and Italy’s joint efforts as G20 GPFI co-chairs to advance global financial inclusion. Both finance ministers also discussed the need for reforms in Multilateral Development Banks (MDBs) to better serve developing countries and align with Sustainable Development Goals (SDGs).

Climate and sustainability were also on the agenda, with Sitharaman proposing co-financing models and partnerships in green hydrogen, carbon capture, energy efficiency, and the circular economy. She emphasized that India and Italy could leverage their strengths to co-develop solutions for global markets, supporting climate commitments.

Finance Ministry officials clarified that there was no discussion on issues related to Pakistan during the meetings with the ADB President or the Italian Finance Minister, despite heightened tensions following the Pahalgam terror attack.

Beyond these high-level meetings, Sitharaman’s schedule included bilateral talks with finance ministers from Japan and Bhutan, meetings with heads of international financial institutions such as the International Fund for Agricultural Development (IFAD) and the Japan Bank for International Cooperation (JBIC), interactions with the Indian diaspora, and participation in the NEXT Milan Forum at Bocconi University on “Balancing Economic and Climate Resilience”.

ANI


Friday, November 22, 2024

Jaideep Mazumdar Highlights Strong India-Guyana Relations And Key Agreements In PM Modi's Visit


Prime Minister Narendra Modi's recent visit to Guyana marks a significant milestone in India-Guyana relations, being the first visit by an Indian Prime Minister in 56 years. During this historic trip, which took place on November 20-21, 2024, Modi engaged in extensive discussions with Guyanese President Mohamed Irfaan Ali, resulting in the signing of ten key agreements aimed at strengthening cooperation across various sectors.

Modi's visit is seen as a pivotal step in enhancing bilateral relations, particularly in areas such as defence, energy, agriculture, and pharmaceuticals. The Prime Minister emphasized Guyana's crucial role in India's energy security and outlined plans for a long-term partnership in the hydrocarbons sector.

Signed Agreements: The two nations signed ten Memoranda of Understanding (MoUs) covering diverse areas:

Hydrocarbons: Cooperation on crude sourcing and natural gas.

Agriculture: Initiatives to boost agricultural development and food security.

Healthcare: Agreements to enhance the supply of affordable medicines and establish a Jan Aushadhi Kendra in Guyana.

Digital Payments: Deployment of India's Unified Payments Interface (UPI) to facilitate digital transactions.

Defence Cooperation: Continued collaboration in military training and capacity building.

Cultural Exchange: The visit included discussions on cultural cooperation, with plans for exchanges in arts and education, reflecting the deep-rooted historical ties between the two nations, especially considering the large Indian diaspora in Guyana.

Recognition and Awards: In a gesture of goodwill, PM Modi was conferred with Guyana's highest national award, "The Order of Excellence," becoming only the fourth foreign leader to receive this honor.

Regional Engagement: Modi also co-chaired the second India-CARICOM Summit during his visit, focusing on enhancing ties with Caribbean nations and addressing regional challenges such as climate change and economic cooperation.

Modi's visit to Guyana not only reinforces India's commitment to strengthening ties with Caribbean nations but also highlights the strategic importance of Guyana in India's broader geopolitical framework. The agreements signed during this visit are expected to facilitate significant advancements in mutual trade, energy security, and cultural exchange, thereby laying a strong foundation for future collaboration between India and Guyana.


Thursday, November 21, 2024

India And Guyana Ink 10 MoUs Covering Agriculture, Hydrocarbons, UPI, And Defence


India and Guyana have recently strengthened their bilateral relations by signing 10 Memorandums of Understanding (MoUs) during Prime Minister Narendra Modi's state visit to Guyana, marking the first visit by an Indian Prime Minister in 56 years. This significant event took place on November 20, 2024, and involved agreements across various sectors, including agriculture, hydrocarbons, digital payments, and defence.

Hydrocarbons

An MoU was established to enhance cooperation in the hydrocarbons sector, focusing on joint efforts in crude sourcing, natural gas collaboration, infrastructure development, and capacity building across the hydrocarbon value chain.

Agriculture

The agreement on Bilateral Cooperation in Agriculture aims to promote joint activities and facilitate the exchange of scientific materials and expertise to advance agricultural development.

Digital Payments

A significant aspect of the agreements includes the deployment of a UPI-like real-time payment system in Guyana, aimed at transforming digital transactions within the region. On the digital front, the INDIA STACK MoU lays the groundwork for collaboration in digital transformation through capacity building, training programmes, and pilot projects. Furthermore, an agreement between NPCI International Payments Ltd and Guyana's Ministry of Foreign Affairs aims to deploy a UPI-like real-time payment system, transforming digital transactions in the region.

Health Sector

MoUs were signed to improve medicine regulation through the recognition of Indian Pharmacopoeia Regulation and to implement the Janaushadhi Scheme for providing affordable medicines to CARICOM countries.

Cultural Exchange

A Cultural Exchange Programme covering 2024-2027 was also signed, emphasizing cooperation in various cultural fields such as theatre, music, fine arts, literature, libraries, and museums.

Defence Cooperation

An MoU between Guyana’s National Defence Institute and India’s Rashtriya Raksha University aims to enhance education, research, and training in national security and defence studies.

During a joint press conference with Guyanese President Mohamed Irfaan Ali, PM Modi highlighted the importance of this visit as a milestone in enhancing bilateral ties. He expressed gratitude for the warm welcome he received and emphasized India's commitment to supporting Guyana's development across various sectors including education, human capital development, and technology transfer. President Ali also acknowledged Modi's impactful leadership and expressed optimism about future collaborations between the two nations.

These agreements signify a robust partnership between India and Guyana aimed at fostering economic growth and cooperation across multiple sectors.


Monday, October 21, 2024

Maldives President Muizzu Decides To Introduce UPI In Maldives


Male: The President of Maldives, Mohamed Muizzu, decided to take the necessary steps to introduce the Unified Payment Interface (UPI) in the island nation, following the recommendation of the Cabinet on Sunday.

This move came following India agreeing to share its expertise in the implementation of digital and financial services and to work in the development of the Digital Public Infrastructure (DPI) through the launch of India's Unified Payments Interface (UPI), Unique Digital Identity, during Muizzu's State Visit earlier this month.

The decision by the Maldivian President is expected to bring significant benefits to the Maldivian economy, including increased financial inclusion, improved efficiency in financial transactions, and enhanced digital infrastructure, as per a statement released by his office.

The statement further added that the decision was made after the Cabinet thoroughly discussed a report submitted by the Minister of Economic Development and Trade at a cabinet meeting.

President Muizzu also decided to set up a consortium to introduce UPI in the Maldives and further suggested that banks, telecom companies, state-owned companies and fintech companies operating in the country should be included in the consortium.

Muizzu further appointed TradeNet Maldives Corporation Limited, a leading agency with proven expertise, as the consortium's leading agency, the statement stated.

He also decided to constitute an interagency coordination team comprising the Ministry of Finance, the Ministry of Homeland Security and Technology and the Maldives Monetary Authority to lead the Ministry of Economic Development and Trade to oversee the establishment of the UPI in the Maldives.

During his state visit to India earlier this month, India also launched the RuPay cards in the Maldives to enhance the ease of payments for Indian tourists visiting the island nation as well as for Maldivian nationals visiting India, in an attempt to foster digital and financial cooperation between the two countries.

(With Inputs From Agencies)