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  US-India Jet Engine Agreement: A Boost for Both Countries The United States and India are close to finalizing an agreement to jointly manufacture fighter jet engines in India. The deal, which would involve General Electric (GE) partnering with state-owned Hindustan Aeronautics Limited (HAL), is seen as a significant step forward in India’s efforts to develop a domestic defence industrial base. Currently, India relies on imports for most of its fighter jet engines. The deal would allow India to produce advanced jet engines, which would give it greater self-reliance in the defence sector. It would also strengthen India’s strategic partnership with the US. The deal is still in the early stages of negotiations, but if it is successful, it would be a major boost for both countries. For the US, the deal would help to secure a long-term customer for its advanced jet engine technology. For India, the deal would help to meet its growing demand for fighter jets and would give it a more sec...

India and Malaysia can now use the Indian rupee to settle trade  addition to other currencies, the Ministry of External Affairs said on Saturday. The move follows the decision by the Reserve Bank of India in July last year to allow settlement of international trade in Indian currency. The MEA said the  RBI's initiative is aimed at facilitating the growth of trade an supporting the interests of the global trading community in the Indian rupee. "India International Bank of Malaysia (IIBM), based in Kuala Lumpur , ahs operationalized this mechanism by opening a special Rupee Vostro account through its corresponding bank in India that is Union Bank of India." What is a Vostro Account? Vostro accounts are used to make payments in domestic currency. The opening of this account will allow Malaysia to use the Indian Rupee to settle trade payments. This move is expected to benefit both India and Malaysia. It will eliminate the need for foreign exchange conversion and will reduce ...

 Building export market takes effort. Overseas buyers need to be convinced about the price competitiveness, product quality, and the reliability of supplies from the exporting country. March 31, 2023, India's sugar export can cross5.5 billion i.e. which is about 45,000 crore. For this sugar season(October 2022 to September 2023), the According to data of 2021  government has issued a quota of 61 lakh tonnes of sugar exports. Out of this, about 55 lakh tonnes have been already exported and the remaining quantity will also be exported soon.  Types of Grades of sugar Raw Sugar: it is what mills produce after the first crystallization of juice obtained from crushing the cane. This sugar is rough and brownish in color, with a ICUMSA (International Commission for Uniform Methods of Sugar Analysis) value of 600-1200 of higher, ICUMSA is the measure of the purity of sugar based on color. The lower the value, the more the whiteness. Much of the world's sugar trade is in 'raw' a...

 On March 5, China announced a 7.2% increase in its defense budget for the coming year, up slightly from last year 7.1% rate of increase. This is the eighth consecutive year of single-digit percentage point increase. The 2023 figure was given as 1.55 trillion Yuan($224 billion), which roughly doubles from 2013. In his report, Premier Li Keqiang said that over the past year, "We remained committed to the party's absolute leadership over the people's armed forces". "The people's armed forces intensified efforts to enhance their political loyalty, to strengthen themselves through reform, scientific and technological advances, and personnel training, and to practice law-based governance", Li said. As China is aiming to achieve the centenary goals of basically realize the modernization of national defense and the armed forces by 2035 and fully build the armed   forces into world-class forces by the mid-21st century on the 100th anniversary of the founding of...