During a recent meeting in New Delhi between Canadian Prime Minister Mark Carney, and his counterpart Narendra Modi, Carney announced that both nations plan to sign the Comprehensive Economic Partnership Agreement (CEPA) before the end of this year.

The ambition of both nations is to double bilateral trade to $50 billion by the end of the decade. Regarding this, Carney stated: “We are moving towards an ambitious agreement that will reduce barriers, increase certainty, and unlock opportunities for exporters, investors, and workers in both countries.”

Meanwhile, the Prime Minister of India described the treaty as “the absolute priority to realize the economic potential of both nations.”

Modi declared that his country has endorsed the signing of the CEPA soon in order to “create new investment and job opportunities.”

Efforts will focus, until 2030, on strategic sectors such as technology, artificial intelligence, and critical minerals.

M.Pino

Source: swissinfo

(Reference image: Paul Teysen on Unsplash)          

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Brazilian President Luiz Inácio Lula da Silva and Indian Prime Minister Narendra Modi sealed a crucial cooperation and investment agreement for the exploration of critical minerals.

The agreement aligns with New Delhi’s “Critical Minerals Mission,” which exempts the import of 25 essential minerals from tariffs and aims to guarantee the supply of raw materials such as rare earth elements, lithium, and niobium.

During his meeting with Modi in New Delhi, Lula stated: “Increasing investment in cooperation on renewable energy and critical minerals is at the heart of the pioneering agreement we have signed today. Our countries are securing the rightful place for these technologies on the global climate and energy agenda.”

For their part, Indian companies will have access to various mining assets in Brazil and will be able to import raw materials free of charge.

In addition to this agreement, the two nations signed nine other related pacts and memoranda in strategic areas such as digital cooperation and equitable access to medicines.

M.Pino

Source: notitarde

(Reference image source: Shane McLendon on Unsplash)

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This Sunday, the ceremony took place in India for the third term of nationalist leader Narendra Modi, at the presidential residence. He will govern for the first time in a coalition after his party did not obtain a majority in the elections.

Prime Minister Modi came to power in India in 2014 and was re-elected in 2019. During the two terms he had a government alone thanks to the majority that his party, the Bharatiya Janata Party (BJP), achieved in the Lower House of Parliament or Lok Sabha.

Details are awaited about the ministers who will occupy each portfolio in the new cabinet, although well-known names such as the former Minister of the Interior, Amit Shah, the last Minister of Foreign Affairs, Subrahmanyam Jaishankar, or the former Minister of Finance, Nirmala Sitharaman, will be some of them, according to DW.

I am grateful to all the foreign dignitaries who joined the swearing in ceremony. India will always work closely with our valued partners in pursuit of human progress. pic.twitter.com/JneIM2OFjE

— Narendra Modi (@narendramodi) June 9, 2024

M.Pino

With information from international media and social networks

(Reference image source: @narendramodi, X)

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With an estimated investment of USD 30 billion, India will launch 5G technology. The launch is scheduled for next October 1st during the Mobile Congress of India, the largest of its kind in Asia.

According to direct statements by the Indian Minister, Narendra Modi, the country seeks a greater participation in the competitive market for this technology, with which they intend to provide assistance to 80 % of the population in the short term.

The Indian authorities have invested millions of dollars to achieve the deployment of 4G and 5G technology, with spectrum expansion to the most remote populations. It is important to point out that in August the Department of Telecommunications completed the spectrum auction for 19,000 million dollars, with the participation of the companies Reliance Jio, Bharti Airtel and Vodafone.

The local company Raliance Jio is the standard-bearer of the local market, ranking as the second-largest mobile phone company. The firm has developed an independent architecture to bring the service to users with superior benefits.

M.Pino

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Source: bancaynegocios

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India will propose a law that prohibits the transit of cryptocurrencies in the financial market of the Asian country, sanctioning the possession, issuance, mining, trade and transfer of crypto assets, while building a legal framework for an official digital currency, as announced by a senior official to Reuters.

According to the publication, the measure is in line with the government’s agenda issued in January where the prohibition of private virtual currencies such as bitcoin was specified, while a legal framework for an official digital currency is being built.

For last February, the Reserve Bank of India (RBI) assured that cryptocurrencies could affect the country’s financial system, which makes digital currencies an “important” concern, as RBI governor Shaktikanta Das has announced.

The decision of the Asian country to prohibit the circulation of crypto assets had already been made clear since the end of last year, when it considered applying a tax rate to crypto transactions. In February this year, the Indian administration proposed a ban on all cryptocurrencies until establishing a legal framework for an official digital currency.

The bill is expected to pass without problem, as Prime Minister Narendra Modi’s government has a big majority in parliament.

K. Villarroel

Source: diariobitcoin

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