India-Russia Business Dialogue 2023: External Affairs Minister S Jaishankar and Russian Deputy Prime Minister Denis Manturov attended the inaugural session of the “India-Russia Business Dialogue” 2023 on April 17th in New Delhi.
April 2023 Current Affairs Quiz
India-Russia Business Dialogue 2023: Key Points To Note:
- Representatives from Russian and Indian enterprises met in New Delhi for the India-Russia Business Dialogue 2023.
- The forum discussed enhancing practical cooperation between Russia and India, including the Inter-Governmental Commission (IGC).
- India’s External Affairs Minister, S Jaishankar, revealed that India and Russia had already surpassed their $30 billion bilateral trade target before the target year of 2025.
- Connectivity initiatives such as the International North-South Transport Corridor and the Eastern Maritime Corridor (Chennai-Vladivostok Corridor) were discussed.
- Payment issues need to be worked out clearly, and the expansion of the network under the settlement of international trade in Indian Rupees through the Special Rupee Vostro Account System was mentioned.
- Mutual access of products to the markets of both countries is being given special attention.
- Russia and the Eurasian Economic Commission are attempting to speed up negotiations on a free trade agreement with India.
Russia: Important Facts:
- Capital of Russia: Moscow
- Prime Minister: Mikhail Mishustin
- Currency: Russian ruble
- President: Vladimir Putin
- Official Language: Russian.