archiveNarendra Modi

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UPI, energy links, trade in local currency: PM Modi’s BIMSTEC initiatives | India News

Underlining that BIMSTEC is a model for inclusive development and collective security and not merely a regional organisation, Prime Minister Narendra Modi Friday announced more than 20 initiatives — from the mechanism of Home Ministers on security to UPI connecting payment mechanisms, an energy centre to a chamber of commerce.Speaking at the 6th BIMSTEC Summit in Bangkok, Modi said, “BIMSTEC serves as a vital bridge between South and Southeast Asia, and is emerging as a powerful platform for advancing regional connectivity, cooperation and shared prosperity.” “It is a matter of great...
Currencies

India, Mauritius join hands to trade in local currencies

ANI | Updated: Mar 18, 2025 17:35 IST New Delhi , March 18 (ANI): Central banks of India and Mauritius have signed an MoU to enable the use of local currencies for trade.The agreement was to establish a framework to promote trade in the local currencies of both countries.The MoU documents were exchanged in the presence of Prime Minister Narendra Modi and Mauritius counterpart Navinchandra Ramgoolam on March 12, 2025. PM Modi was on a state visit to the island nation, RBI confirmed on Tuesday in a post on X.The...
Currencies

India, Mauritius join hands to trade in local currencies

ANI | Updated: Mar 18, 2025 17:35 IST New Delhi , March 18 (ANI): Central banks of India and Mauritius have signed an MoU to enable the use of local currencies for trade.The agreement was to establish a framework to promote trade in the local currencies of both countries.The MoU documents were exchanged in the presence of Prime Minister Narendra Modi and Mauritius counterpart Navinchandra Ramgoolam on March 12, 2025. PM Modi was on a state visit to the island nation, RBI confirmed on Tuesday in a post on X.The...
Currencies

RBI and BOM Seal Historic Pact for Cross-Border Currency Transactions

The Reserve Bank of India (RBI) and the Bank of Mauritius (BOM) have inked a groundbreaking agreement to establish a framework fostering the use of the Indian Rupee and the Mauritian Rupee in cross-border transactions.The Memorandum of Understanding (MoU), signed by RBI Governor Sanjay Malhotra and BOM Governor Rama Krishna Sithanen G C S K, was exchanged in a ceremony attended by Indian Prime Minister Narendra Modi and Mauritian Prime Minister Navinchandra Ramgoolam in Port Louis on March 12, 2025.The MoU aims to facilitate invoicing and payment in domestic...
Currencies

India and Mauritius Forge Enhanced Strategic Partnership

India and Mauritius have strengthened their diplomatic ties by establishing an 'enhanced strategic partnership.' On Wednesday, Prime Minister Narendra Modi and Mauritian Prime Minister Navinchandra Ramgoolam signed eight agreements aimed at fortifying cooperation across multiple sectors, including maritime security and local currency trade.Introducing the ambitious 'MAHASAGAR' vision, Modi outlined India's dedication to the Global South's growth and security, particularly in the Indian Ocean region. This vision, building on the SAGAR initiative, underscores the cooperative spirit between India and Mauritius, focusing on areas like trade, technology, and mutual defense.In their...
Currencies

THIS Prime Minister decided to print Indian currency in foreign country, the decision was taken in…

Home NewsTHIS Prime Minister decided to print Indian currency in foreign country, the decision was taken in…, he was not Rajiv Gandhi, Vajpayee, Manmohan Singh In 1997, the Indian government realized that not only was the country’s population growing, but economic activities were also increasing. New Delhi: It was during the late 1990s when the Indian government, under the then prime minister H.D Deva, decided to print currency notes aboard. The decision was taken in such a discreet manner that the country remained unaware of it for a long time....
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