Kautilya

India Improves Upon its Pension Provision

The eleventh annual Melbourne Mercer Global Pension Index, comparing 37 retirement systems, expanded to cover almost two-thirds of world population. The Netherlands and Denmark retain first and second place, respectively. India inched up in the overall index as compared to 2017 and 2018 because of efforts taken by the government to introduce New Pension System.

India Signs MoU with Saudi Arabia to Launch RuPay card in Gulf Kingdom

RuPay Card is the first-of-its-kind Indian Domestic Debit and Credit Card payment network and also accepted at ATMs, POS device and on e-commerce websites.
RuPay Card is introduced in 2012 to achieve the vision of Reserve Bank of India i.e. to have a domestic, open and multilateral system of payments.
As India has already launched RuPay Card in UAE, Bahrain, Singapore and Bhutan.

China’s Early Harvest Plan on Sikkim Border has no Takers in India

According to the officials, the only place where China has proposed an early resolution is Sikkim – where the Indian Army dominates the Chumbi Valley with the Bhutanese Army on the other side. India and China have a 3,488-km long unresolved border with 13 mutually agreed disputed points and other sensitive points. China is strengthening its border defences, and India finally replaced mule trains with truck convoys to replenish Indian Army positions at Daulet Beg Oldi near the Karakoram pass.

‘Bangladesh-India Friendship Dialogue’ at Cox’s Bazar from November 1

The ninth edition of Bangladesh-India Friendship Dialogue will be held at Cox Bazar in Bangladesh from November 1. The two-day dialogue will cover a wide range of issues like trade and investment, connectivity, technology, energy, regional security, extremism and sustainable development among others. The dialogue aims to draw from learning and experiences in these sectors between India and Bangladesh.

Government Offers to Set Up Enclave for Swedish Companies

The issue was discussed during the India-Sweden joint economic commission meeting last week, with commerce and industry minister Piyush Goyal suggesting the government was willing to offer land for setting up an “Investment Enclave” with plug-and-play infrastructure. The choice of location has been left to the Swedish government and companies, although there were suggestions that the Bengaluru-Chennai industrial corridor may be a preferred destination, if the proposal is accepted.