India set to become full member of SCO at summit this week

India plans to become a full time member of the Shanghai Cooperation Organisation (SCO), a Eurasian political, economic and security grouping led by China and Russia, which will provide India closer ties with energy resource rich countries in Central Asia.

Prime Minister Narendra Modi's Jan Dhan Yojna finds an echo in Kazakhstan

Kazakhstan’s Prime Minister, Mr. Karim Massimov, has asked for India's assistance in helping the Kazakh central bank implement financial inclusion besides inviting India for investments in economic development, mining and agriculture development.

Russia wants to make India a global hub for submarine upgrade, maintenance and repair

Russia wants to make India an international hub for upgrade, maintenance and repair of conventional submarines and its leading shipyard and a Memorandum of Understanding could be signed within the next month as they are in final talks with an Indian partner for the project.

Government of India to invest 6 lakh crore in highway and shipping sectors creating five million jobs

Mr. Nitin Gadkari, Union Minister of Road Transport & Highways and Shipping, conveyed Government of India’s commitment to invest Rs 600,000 crore (US$ 94.5 billion) in highways and shipping sector, providing job opportunities to five million people.

IMF: India to grow faster in 2015, China's growth to dip

According to World Economic Outlook report released by International Monetary Fund (IMF) on June 9, 2015 India is estimated to grow by 7.5 per cent in FY 2015 and maintain the same pace in FY 2016, outpacing China's expected growth rate of 6.8 per cent in FY 2015.

India and United States sign Inter-Governmental Agreement (IGA) to implement the Foreign Account Tax Compliance Act (FATCA) to promote transparency on tax matters

Mr. Shaktikanta Das, Revenue Secretary of India and Mr. Richard Verma, US Ambassador to India signed an Inter-Governmental Agreement (IGA) to implement the Foreign Account Tax Compliance Act (FATCA) underscoring the growing international cooperation between countries to eliminate tax evasion.