India, UAE sign MoUs for promoting local currencies in cross-border trade
The Reserve Bank of India and the Central Bank of UAE (CBUAE) have signed two Memorandum of Understanding (MoU) to boost local currency use for cross-border transactions and to link their payment and messaging systems. A Local Currency Settlement System (LCSS) is aimed to be put in place to develop an INR-AED forex market. India's UPI and UAE's IPP will be linked to facilitate fast, convenient, safe, and cost-effective cross-border funds transfers. Key Points
Economic TimesPocket HRMS launches Digital Bharat 2.0 Mission for SMEs
Digital Bharat 2.0 will enable SMEs in India to digitalize their complete HRMS, payroll system and related compliances with intuitive and easy-to-use HR software over WhatsApp messaging platform in regional Indian languages. Key Points
mintAIIMS to equip itself with 5G network by June 30
The Indian Institute of Medical Sciences (IIMS) has decided to equip itself with a 5G network by June 30, in order to maximize the benefits of modern communication technology for patient care, teaching, research, and good governance. A five-member committee has been constituted to expedite the process, and the network will be beneficial for both the Institute's patients and staff. Key Points
Economic TimesAdani's Ambuja Cements places order for capacity expansion
The capacity expansion projects will enable production of Blended Green Cement of 14 million tonnes, post all requisite approvals. These projects are also expected to generate substantial value to the existing business and enable more employment and growth opportunities, beneficial for all stakeholders. Key Points
Economic TimesDFS Secretary meets officials from 10 departments to boost enrolments under PMJJBY, PMSBY
As a step towards amassing scale, Secretary, Department of Financial Services (DFS), will also be taking a meeting with the heads of all public sector banks on April 13, 2023 to ensure that the campaign reaches maximum eligible beneficiaries, it said. PMJJBY offers life insurance cover of Rs 2 lakh in case of death due to any reason to people in the age group of 18-50 years having a bank or post office account, who give their consent to join or enable auto-debit of premium. Key Points
Economic Times