India-UAE Current Affairs, GK & News

India is Dubai’s second biggest trade partner

India has emerged as the second biggest trading partner of Dubai, after China. India’s overall volume, in the first half of 2021, is touching 38.5 billion dirhams. Key Points As per a statement of Dubai government, Dubai had a trade volume of 86.7 billion dirham with China in H1 (first half) of 2021. It is ..

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India-UAE negotiations for Comprehensive Economic Partnership Agreement

India and United Arab Emirates (UAE) have launched the negotiations for a mutually beneficial comprehensive economic partnership agreement on September 22, 2021. Highlights First round of CEPA negotiations will be held on September 23 and 24. Both the countries aim to conclude the negotiations by December 2021. Once the negotiations are concluded, they will sign ..

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India-UAE MoU for Scientific and Technical Cooperation

The Union Cabinet recently approved India-UAE Memorandum of Understanding for Scientific and Technical Cooperation. What are the Key Features of India-UAE MoU? The MoU provides sharing of knowledge between the countries It will also allow to share information of data from satellites, radar, tide gauges, meteorological stations. MoU also allows the countries to share knowledge ..

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India-UAE High Level Joint Task Force on Investments

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

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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