Page-24 of India-International Relations

NDMA in place of MFN between India and Pakistan

January 20, 2014

In order to boost bilateral trade, Commerce Ministers of India and Pakistan have agreed on a Non-Discriminatory Market Access (NDMA) on reciprocal basis to each other, in place of the Most-Favoured-Nation (MFN). India’s Commerce and Industry Minister Anand Sharma accepted ..

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US scientists ‘re-engineering’ Tulsi

January 20, 2014

At the Western Kentucky University, an Indian-American scientist Chandrakanth Emani along with his team is genetically engineering tulsi or basil to raise its pharmaceutical value. They have genetically engineered tulsi to produce eugenol, a compound in tulsi that has a ..

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India and South Korea signed nine pacts to boost trade and investments

January 19, 2014

To boost bilateral ties, India and South Korea signed nine agreements to deepen economic cooperation and strengthen defense engagements. The agreements were signed after delegation level talks between Prime Minister Dr. Manmohan Singh and visiting South Korean President Park Geun-hye ..

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UK govt ordered urgent probe into Thatcher link to Operation Bluestar (1984)

January 18, 2014

British Prime Minister David Cameron ordered his cabinet secretary to inquire into newly-released documents suggesting Margaret Thatcher government facilitated the Indian government in 1984 to plan Operation Blue Star against separatists hiding inside the Golden Temple in Amritsar. The investigation will ..

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RBI nod needed for Hong Kong and Macau citizens to set up business in India

January 18, 2014

The Reserve Bank of India (RBI) included Hong Kong and Macau in the sensitive list of countries, along with Pakistan and China that will require its prior approval to set up business or related activities in India. This was done ..

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Iran seeks permission to open multiple bank accounts in India

January 18, 2014

Iran has requested the Ministry of Finance and the Reserve Bank of India (RBI) to allow it to open accounts in multiple banks to facilitate better non-oil trade between the two nations. As per Iran’s Ambassador Gholam Reza Ansari, Iran ..

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‘Sahayog – Kaijin 2014’: India and Japan joint Coast Guard exercise

January 17, 2014

The 13th edition of joint exercise by the Indian Coast Guard and its Japanese counterpart held approximately at 20 nautical miles off Kochi. The bilateral exercise titled ‘Sahayog-Kaijin 2014’ was successfully conducted by both the countries.  Highlights:  Japan Coast Guard ..

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RBI inks a pact with Bank of Japan for raising BSA to $ 50 billion

January 15, 2014

The Reserve Bank of India (RBI) and Bank of Japan (BOJ) signed an agreement to enhance the maximum amount of the Bilateral Swap Arrangement (BSA) between the two countries to $50 billion. The agreement signed by RBI Governor Raghuram Rajan ..

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POSCO's steel plant gets environmental clearance

January 13, 2014

India’s Ministry of Environment and Forests (MoEF) has given environmental clearance to South Korean steel manufacturer POSCO for its Rs 52,000 crore steel plant in Odisha. The company who made the largest FDI investment in India has got the clearance after a long wait ..

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Trade Deficit of India with China soars to $ 31.42 bn

January 13, 2014

India’s trade deficit with its largest trading partner China reached a humongous $ 31.42 billion as the bilateral trade fell by 1.5% in 2013, recording a declining trend for the second consecutive year. Compared to 2012, India’s trade deficit surged by $ ..

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