Remittances have long played a quiet but crucial role in India’s external sector balance, but in terms of policy attention, they have often been overshadowed by indicators such as foreign direct investment (FDI) and trade flows. Yet the latest data from the Reserve Bank of India (RBI)’s Sixth Round of India’s Remittances Survey, released in […]
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Image for representation | Photo Credit: Reuters Private sector bank HDFC Bank and UAE-based Lulu Exchange have signed an MoU to strengthen cross-border payments between India and the Gulf Cooperation Council (GCC) region. In the first phase of the partnership, Lulu Exchange’s expertise and regulatory framework would be utilised to launch a digital inward remittance […]
Continue ReadingRepresentational image only. India and the Gulf Cooperation Council (GCC) will announce the launch of negotiations for a free trade agreement on November 24, which aims at promoting two-way commerce and investments between the regions, an official said. GCC is a union of six countries in the Gulf region — Saudi Arabia, the UAE, Qatar, […]
Continue ReadingIndia has signed a trade pact with the UAE in a “record” time and “now our talks with the U. K. is moving at a faster pace”, Piyush Goyal said. India has signed a trade pact with the UAE in a “record” time and “now our talks with the U. K. is moving at a […]
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In the Red Sea port city of Jeddah, President Joe Biden will meet with heads of state from six Arab Gulf countries, plus Egypt, Jordan and Iraq for a regional summit. In the Red Sea port city of Jeddah, President Joe Biden will meet with heads of state from six Arab Gulf countries, plus Egypt, […]
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