MoU inked for investments in decarbonising technologies | Latest News India
India and Japan have signed a memorandum of cooperation under the Joint Crediting Mechanism (JCM) framework of the Paris Agreement,...
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India and Mauritius Ink Deal for Local Currency Trade Boost
In a significant move towards enhancing economic ties, India and Mauritius announced an agreement to enable trade using local currencies. A Memorandum of Understanding (MoU) was struck between the two nations' central banks to promote trade in the Indian Rupee (INR) and the Mauritian Rupee (MUR).The MoU, formalized on March 12, 2025, in the presence of Prime Minister Narendra Modi and his Mauritian counterpart Navinchandra Ramgoolam, will establish the INR-MUR Local Currency Settlement (LCS) System. This system aims to minimize dependence on hard currencies in cross-border transactions, as confirmed...