CROSS BORDER TRADE WITH PAKISTAN
Canada's Trudeau says he had an "excellent conversation" with Trump in Florida after tariffs threat
Canadian Prime Minister Justin Trudeau and US President-elect Donald Trump held a productive conversation at Mar-a-Lago amidst Trump's threats to impose significant tariffs on Canadian and Mexican products. The topics covered in their three-hour dinner meeting included trade, border security, and the G7 meeting in Canada next year.
Canada's ambassador says Trudeau told Trump the Canadian border can't be compared to Mexico's
Canadian Prime Minister Justin Trudeau successfully communicated to President-elect Donald Trump that comparing the Canada-U.S. border with the Mexico-U.S. border is unfair. Trudeau emphasized that drug and migrant flows from Canada are minimal, aiming to prevent Trump's threatened tariffs on Canadian products. The meeting included discussions on trade and border security.
BSF deploys 2 more battalions in Jammu to check infiltration from Pakistan
The Border Security Force has deployed two fresh battalions with over 2,000 personnel in Jammu to strengthen defenses against infiltration from Pakistan and address increased terrorist activities. The new troops are stationed in strategic areas around Samba and the Jammu-Punjab border, supported by CCTV surveillance, following a recent series of deadly attacks.
Destination Odisha for 3-day conference: Police heads to discuss key security issues
Prime Minister Narendra Modi and Union Home Minister Amit Shah attended the All India DGP/IGP Conference in Odisha, focusing on internal security. Senior police officers will discuss counter-terrorism, coastal security, and new criminal laws. Additional features include yoga, business sessions, and thematic dining tables.
Pakistan's benchmark share index crosses 1,00,000 mark for the first time
Pakistan's stock market soared past 100,000 points for the first time, fueled by a $7 billion IMF bailout and improved economic stability. Inflation and interest rates have dropped faster than anticipated, boosting liquidity. Despite a recent 60% surge this year, the market's price-to-earnings ratio remains below its historical average, suggesting potential for further growth.
Donald Trump pledges 25% tariffs on Canada and Mexico, deeper tariffs on China
President-elect Donald Trump announced plans to impose a 25% tariff on all Mexican and Canadian imports, and an additional 10% tariff on Chinese goods starting January 20th. He cited concerns over illegal immigration, drug trafficking, particularly fentanyl, and accused China of insufficient action in curbing the flow of illicit drugs across the US-Mexico border.
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RBI, Maldives Monetary Authority sign pact to promote use of local currencies
The Reserve Bank of India and the Maldives Monetary Authority have signed an agreement to allow cross-border transactions using the Indian Rupee and the Maldivian Rufiyaa. This framework aims to reduce transaction costs, promote bilateral trade, and strengthen economic ties between the two nations.
China announces new policy measures to protect its exports from Trump's new tariff threat
China is bolstering its export sector to counter potential tariff hikes by the incoming Trump administration. The nine-point plan includes expanded export credit insurance, increased financing for international trade, and support for cross-border e-commerce. These measures aim to mitigate the impact of anticipated US trade restrictions and maintain a favorable environment for Chinese exports.
Opening of Jammu-Sialkot and Chamb cross border roads with Pakistan will boost tourism, business: J&K Minister Satish Sharma
Jammu and Kashmir Minister Satish Sharma announced plans to request increased cross-border connectivity with Pakistan. He believes opening roads in Chamb and R S Pora will boost tourism and trade. Sharma expressed optimism about the upcoming train link to Kashmir, predicting a surge in tourism and economic growth.
First issue in engaging with Pakistan is cessation of terrorism: India's Ambassador at UN
India's envoy to the UN, Ambassador Parvathaneni Harish, emphasized that the cessation of terrorism is paramount for engagement with Pakistan. Speaking at Columbia University, he highlighted India's long struggle with cross-border terrorism and its zero-tolerance policy towards this global threat. He called for international collaboration to combat terrorism, particularly focusing on preventing terrorists from acquiring weapons of mass destruction.
Amazon expands cross-border logistics programme; launches export navigator for sellers
E-commerce giant Amazon expands its cross-border logistics program, SEND, adding new carriers and integrating with Amazon warehousing. The program helps Indian exporters ship goods internationally through competitive pricing and streamlined logistics. Amazon also launched Export Navigator, a dashboard guiding exporters on compliance and providing access to support services, aiming to boost exports from India.
Historic electricity transmission from Nepal to Bangladesh inaugurated: A step towards regional connectivity
India has facilitated the first trilateral power transaction, enabling Nepal to export up to 40 MW of electricity to Bangladesh through the Indian grid. This landmark agreement, signed despite political instability in Bangladesh, underscores the commitment of all three nations to foster sub-regional cooperation in the energy sector.
Mika Singh gets Rolex, white-gold chain and diamond rings from Pakistani fan in US. Viral video
During a recent concert in Biloxi, Mississippi, singer Mika Singh was stunned by a Pakistani fan¡¯s extraordinary gesture. The fan, as a tribute to Mika¡¯s music, gifted him luxury items including a white-gold chain, diamond rings, and a Rolex watch valued at Rs 3 crore. Captured on video and widely shared online, the moment sparked admiration from fans across social media, celebrating the bond that music creates across borders.
Why addressing the challenges on E-Commerce Export Hubs is crucial to its success
This initiative was introduced in response to the various challenges faced by Indian MSMEs, including intense competition from other Asian nations.
Assam governor inaugurates 'Integrated Check Post Darranga' to boost India-Bhutan trade
The Governor of Assam, alongside Bhutan's Prime Minister, inaugurated the Integrated Check Post (ICP) Darranga, bolstering cross-border trade and connectivity. The new infrastructure, situated near the Bhutan border, is equipped with modern facilities to streamline trade and travel, strengthening economic and cultural ties between the two nations.
New payment systems could weaken dollar dominance and spike De-dollarization: JP Morgan
The signs of De-dollarization are evident in the commodities space, where energy transactions are increasingly priced in non-USD currencies, highlighted a report by JP Morgan.
Biggest potential for CBDC will be cross-border money transfer
He has also outlined the possible risks - CDBC can create a situation of faster transmission of shocks across countries, can be used for currency substitution and can create capital flow volatility because of faster flow of money across countries; and has stressed on the need for finding technological and systematic solutions for these risks. Das has dismissed the apprehension on whether CBDC and the fast payment system like UPI can work together.
Cross-border smuggling racket unearthed; 105 kg heroin seized, 2 held: Punjab Police
Punjab Police has dismantled a major cross-border drug smuggling ring, arresting two associates of Turkey-based trafficker Navpreet Singh and seizing 105 kg of heroin, other substances, and six weapons. The operation revealed the use of water routes and multiplying agents to expand heroin quantities.
Peace can be established in Bengal only when cross-border infiltration stops: Amit Shah
Union Home Minister Amit Shah said peace in West Bengal can be achieved by stopping cross-border infiltration. He stated the BJP will address illegal immigration if it comes to power in 2026. While inaugurating new facilities at Petrapole land port, he criticized the TMC government for corruption and advocated for political change in 2026.
SBI and India Exim Bank filling trade financing gap in Africa
In a bid to fill trade finance gaps in African countries, the State Bank of India and India Exim Bank are supporting businesses by providing credit lines and trade loans. These initiatives, which complement rather than compete with each other, aim to aid smaller corporates and enhance cross-border trade post-COVID-19.
India, ASEAN can work on regional policy framework for green energy transition: CERC member
Singapore, India, and ASEAN can develop a regional policy for green energy using small modular nuclear reactors. This initiative aims to diversify energy sources and reduce carbon emissions. Harish Dudani of the Central Electricity Regulatory Commission emphasizes the importance of cooperation, regulatory frameworks, and international support for safe and secure nuclear energy development.
EAM Jaishankar departs for Delhi, thanks Pak PM, Dy PM for 'hospitality'
S Jaishankar left Islamabad after participating in the SCO Summit. He thanked Pakistani leaders for their hospitality and highlighted the need for introspection on bilateral relations. In his address, Jaishankar condemned cross-border terrorism, extremism, and separatism, stating these issues hinder trade and connectivity. He emphasized the importance of cooperation and adherence to the SCO Charter.
'India symbolizes pluralism, democracy while Pakistan reminds world of terrorism'
India responded strongly to Pakistan at a UN debate, highlighting its values of democracy and diversity. India accused Pakistan of spreading falsehoods and reminded the world of Pakistani terrorism and persecution. Pakistan raised the issue of Jammu and Kashmir, but India stood firm, reiterating that these regions are integral parts of India.
Pakistan's practice of cross-border terrorism stalls SAARC progress: EAM Jaishankar
External Affairs Minister S. Jaishankar criticises Pakistan for promoting cross-border terrorism, hindering SAARC progress. He emphasizes regional integration under India's Neighbourhood First policy. Additionally, highlights rising Middle East tensions affecting global trade, with increased shipping and insurance rates due to conflicts in Ukraine and the Middle East.
EAM S Jaishankar to visit Pakistan on Oct 15-16 for SCO Summit
External affairs minister S Jaishankar will visit Pakistan on October 15-16 for an SCO meeting, marking the first Indian ministerial visit since 2016. Jaishankar has highlighted India's stance against Pakistan's terrorism policy. Additionally, Maldives President Muizzu will visit India from October 6 to 10 for bilateral talks.
EAM S Jaishankar at UNGA urges action on Ukraine, Gaza conflict; says ¡®world can¡¯t be fatalistic¡¯
In his address to the UN General Assembly, India¡¯s External Affairs Minister S. Jaishankar called for immediate solutions to ongoing global conflicts, particularly in Ukraine and Gaza. He condemned Pakistan's cross-border terrorism as "karma" for its actions and criticized unviable development projects, implicitly referencing China¡¯s Belt and Road Initiative. Jaishankar emphasized the necessity of international cooperation to restore trust and address the interconnected challenges facing the world.
India's special package for J&K more than IMF's bailout for Pakistan: Rajnath Singh
Defence Minister Rajnath Singh criticized Pakistan for using international financial aid to support terrorism in Jammu and Kashmir. Speaking at an election rally, he highlighted that India's development package for J&K is significantly larger than the IMF's recent bailout for Pakistan. Singh emphasized India's focus on development while accusing Pakistan of funding terror activities.
Pakistan must realise cross-border terrorism against India will invite consequences: Delhi's strong Right of Reply in UNGA
India strongly rebuked Pakistan at the UN General Assembly, accusing it of cross-border terrorism and highlighting its involvement in global terrorist incidents. This response came after Pakistan's Prime Minister Shehbaz Sharif raised the Kashmir issue. India emphasized that any cross-border terrorism will have consequences and criticized Pakistan's history of violence and election rigging.
Borders peaceful as Pakistan fears PM Modi, Amit Shah says in Jammu and Kashmir
Union Home Minister Amit Shah stated that there is peace along the Jammu and Kashmir borders as Pakistan fears Prime Minister Narendra Modi. Addressing an election rally in Poonch, he praised the BJP-led Centre for reducing terrorism and promised more bunkers for border safety. Assembly polls are ongoing in the region.
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