✈INTERNATIONAL NEWS
India, UAE sign pact to trade in local currencies
With Prime Minister Narendra Modi visiting Abu Dhabi, India and the United Arab Emirates (UAE) on Saturday inked agreements to start trade settlement in their respective national currencies – Rupee and Dirham – as well as to link their fast payment simpler.
1. The 4-day 3rd G20 Sherpa meeting has begun in the city of Hampi, Karnataka, under the Ministry of Cultural and External Affairs, during India’s G20 Presidency.
2. At G20 conference on cyber security, India presses for responsible use of Artificial Intelligence (AI) technology.
3. European Investment Bank (EIB) has announced its support for India’s National Green Hydrogen Mission by offering a loan facility of up to €1 billion.
4. India and the United Arab Emirates have signed a historic Memorandum of Understanding on the Local Currency Settlement (LCS) system.
Also in banking and education sectors, during PM Modi’s visit to the UAE.
5. PM Narendra Modi returns to Delhi after successful visits to France and UAE.
6. Adani group chairman, Gautam Adani handover 1600 Megawatt Godda Power Plant to Bangladesh Prime Minister Sheikh Hasina during a brief visit of Dhaka, Bangladesh.
🌎WORLD NEWS🌍
1. Former Pakistan Prime Minister Imran Khan has said in the event that his party is banned, he will form a new political party to contest the upcoming general elections.
2. At least 22 people have been killed by deadly flooding in South Korea, as torrential rainfall continues to batter central regions.
3. A heatwave continues to sweep across parts of Europe, with potential record-breaking temperatures in the next few days. A Red alert has been issued for 15 cities across Italy.
4. In the last seven decades, 62 lunar missions have been successful, 41 failed and eight achieved partial success, shows NASA’s database.
5. Turkish President Recep Tayyip Erdogan said on Friday that Russian President Vladimir Putin has agreed to extend the Black Sea grain deal. The deal is going to expire this week.
6. Nigeria’s President Bola Tinubu has declared a state of emergency to tackle rising food prices and shortages.
7. North Korea’s firing of an intercontinental ballistic missile (ICBM) this week violates multiple UN resolutions and threatens peace and stability in the region, said the United States, South Korea, and Japan.
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