New Delhi (TIP)-India and the UAE signed a free trade agreement (FTA) coinciding with a virtual summit between Prime Minister Narendra Modi and Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan on Friday, Feb 18. The first FTA — a Comprehensive Economic Partnership Agreement — in 10 years and the first by the Modi government was signed by Commerce Minister Piyush Goel and UAE Minister of Economy Abdulla bin Touq Al Marri at a ceremony here. Earlier, the PM and Sheikh Mohammed issued a Joint Vision Statement in which they agreed to enhance maritime cooperation, jointly fight against extremism and terrorism, including cross-border terrorism, increase bilateral trade from $60 billion to $100 billion in five years and promote energy cooperation. Two MoUs signed between Indian and UAE entities were also announced. One MoU between APEDA and DP World and Al Dahra was for a “food security corridor initiative’ while another was between Gift City and Abu Dhabi Global Market on cooperation in financial projects and services. Source: TNS
Business & Economics
Amazon to cut over 18,000 jobs
Seattle (TIP)- Amazon plans to cut more than 18,000 jobs, the largest number in the firm’s history, as it battles to save costs. The online giant, which employs 1.5 million people globally, did not say […]
India
Aaftab threatened to kill me, cut me into pieces: Shraddha told cops in 2020
New Delhi (TIP)- Shraddha Walkar in 2020 filed a complaint with the police against her live-in partner Aaftab Ameen Poonawala, that he had threatened to kill her and cut her into pieces, India Today has […]
Coronavirus
Daily cases hit 3-month high in India
India on Thursday, March 11, logged 22,854 new Covid-19 cases, the highest in nearly three months as well as this year, as Maharashtra, Kerala, Punjab, Karnataka, Gujarat and Tamil Nadu continued to fuel the pandemic […]
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