India-UAE: Current Affairs, GK & News - 2020-2021

India-UAE High Level Joint Task Force on Investments

Published: November 4, 2020

On November 3, 2020, India and UAE held the High-Level Joint Task Force on Investments. The task force was created in 2012. Highlights The task force discussed upon the following The positive outcomes achieved by the Joint Task Force were discussed The India and UAE sectors with potential for economic growth were identified The existing ..

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CBDT exempts Sovereign Wealth Fund: Key Facts, Benefits, Types, Sources of Sovereign Wealth Fund

Published: November 4, 2020

The Central Board of Direct Taxes recently exempted the interest, dividend and long term capital gains made by the Sovereign Fund MIC Redwood 1 RSC Limited of Abu Dhabi, UAE (United Arab Emirates). Highlights The exemption has been provided under clause 23 FE of Section 10 of the Income Tax Act. This will allow sovereign ..

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India-UAE Defence Cooperation enhanced through Joint Production

Published: October 29, 2020

India and United Arab Emirates recently held a webinar to boost defence production and exports between the countries. Highlights The Webinar was organised by the Department of Defence Production operating under the Ministry of Defence through Society of Indian Defence Manufacturers (SIDM). The webinar was organised to help India achieve its target of reaching 5 ..

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First Ship load of Crude Oil reaches India

Published: April 14, 2020

On April 13, 2020, the first crude oil of 1 million barrels from UAE have reached India. The oil prices have declined by 60% since January, 2020. The prices are expected to rise with OPEC and Russia have come to terms to cut their production by 10%. Hence, this is the right time to fill ..

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New Natural Gas Reserves discovered in UAE

Published: February 4, 2020

On February 2, 2020, the United Arab Emirates discovered shallow natural gas reserves of about 80 trillion cubic feet. The reserve was discovered between the Emirates of Abu Dhabi and Dubai. Highlights In November 2019, UAE announced the discovery of 7 billion barrels of oil. This raised the crude reserves of the country to 105 ..

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