Welcome to the 20 October, 2022
edition of INDIA BULLETIN, presented by the Consulate General of India, Sydney
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PM Modi meets Australian counterpart Anthony Albanese, leaders take stock of bilateral ties
India’s Comprehensive Strategic Partnership with Australia is robust and benefits not only the people of our nations but also the world,” Modi tweeted after his maiden meeting with Albanese. “Was delighted to meet PM @AlboMP and take stock of bilateral ties. We discussed ways to add even greater momentum across key sectors.
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The Blinken-Jaishankar presser revealed the maturity in India-US ties
At their joint press appearance in Washington DC on Tuesday, Secretary of State Antony Blinken and external affairs minister S Jaishankar spoke about both the substance of ties at the moment and the potential that lies in the future
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FM Sitharaman asks industry to form joint ventures with UAE firms, tap FTA with Australia
Stressing that India’s trade pacts with the UAE and Australia will boost the country’s economic growth, Union finance minister Nirmala Sitharaman on Tuesday urged exporters to tap these new-age agreements to improve their market access in these countries.
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Global branding push for 400 items to boost exports
Around 400 products, including Banarasi Zardozi, Gir Kesar Mango, Firozabad Glass, Kancheepuram Silk, Kangra Paintings and Araku Valley Arabica Coffee, are set to get a global branding push as India seeks to promote them globally to boost their exports.
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India will achieve USD 2 trillion export target by 2030: Piyush Goyal
Goyal emphasised on sustaining the export momentum and said that he is confident that Indian exports will be able to wither the global headwinds and will surpass growth in exports by a "big" margin.
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India, Saudi Arabia discuss Rupee-Riyal trade, UPI payment system
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. These issues, among others, were discussed during the visit of Commerce and Industry
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Government extends Foreign Trade Policy by 6 months
The Commerce Ministry announced the extension of the existing foreign trade policy by six months. The reason behind the development is currency volatility and global uncertainty. The ministry said, the geo-political situation is not suitable for long-term foreign trade policy..
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Landmark Partnership for education between India and Australia
The newly formed partnership between UNSW and Manipal Academy of Higher Education is a significant milestone for the University. This alliance will deliver world-class degrees through articulation pathways and transnational education, incubate mutually beneficial joint research and knowledge exchange
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Australian companies delegation visiting India for better trade tie-ups
The delegation is visiting India as a part of Australia India Business Exchange (AIBX) programme. The delegation of companies will be led by the Australian Trade and Investment Commission (Austrade).
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RBI Pushes For Adoption Of Rupee For International Transactions
The Reserve Bank of India (RBI) has unveiled a mechanism to settle cross-border trade transactions in Indian Rupees (INR).
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Zee shareholders on Sony merger; India wheat flour export
India has allowed export-oriented units and the firms set up in Special Economic Zones to export flour made from imported wheat, a government order said
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India's 5G spread, Prosus-BillDesk M&A deal,
Global telecom gearmaker Ericsson's senior vice-president Nunzio Mirtillo believes that India will see one of the fastest 5G adoptions in the world. The biggest M&A deal in the Indian fintech space has been called off. Naspers-owned Prosus has terminated the $4.7-billion deal to acquire India’s leading payments aggregator BillDesk
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Egyptian President urges to increase trade turnover with India: Jaishankar
Talking about the wheat agreement between India and Egypt, the External Affairs Minister said, “This year, is the 1st year after a gap or perhaps 1st year ever that Egypt has bought wheat from India".
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