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India and Israel fta: India, Israel Agreed To Start Free Trade Talks Starting Next Month

India and Israel on Monday agreed to begin free trade agreement (FTA) negotiations starting next month, with both sides relying on a long-awaited agreement in June next year.

“Our officials have actually agreed to restart free trade talks between India and Israel in November. They are very confident that we can end the talks next June,” Foreign Minister S Jaishankar said after meeting the Vice President. Minister and Minister of Foreign Affairs Yair Lapid.

Negotiations on a free trade agreement have been going on between the two parties for more than a decade, but this is the first time a specific deadline has been set that gives seriousness to the process.

Several notifications about the case have been sent from both sides over the years, but the deal is incomprehensible.

For his part, Lapid also stressed that the free trade agreement would be “concluded as soon as possible” in the interests of both the country and the economy.

“I hope to strengthen our national friendship more deeply,” he said, describing India as “one of our great partners, not only a strategic partner but also a partner.

“We have seen India as an important ally for many years,” Lapid said. “India also offers new opportunities for cooperation.”

The two ministers also discussed further cooperation in the fields of water and agriculture.

India and Israel fta: Israel has also joined the International Solar Alliance (ISA), an international initiative spearheaded by India, signed by Jaishankar and Israeli Energy Minister Karine Elharrar.

“First of all, let me say how great it is to see Israel join the International Sun Alliance. I think you bring a lot of value and as we approach COP 26, it is very important in our agenda of a growing and green., Green economy,” Jaishankar said.

“We understand that only international action will address the climate problem, guarantee the future of our children and loved ones,” Elharrar said after signing the agreement.

“Joining the ISA, along with more than 80 countries blessed with sunshine and sunshine, will enable Israel to contribute and benefit from the global struggle against climate change and work together for a greener future,” he said. Elharrar.

Former Israeli Prime Minister Benjamin Netanyahu in November last year said his country was India’s partner in finding less carbon and less pollution while attending an ISA digital conference at the personal invitation of Prime Minister Narendra Modi.

The ISA, which seeks to harness the power of the sun to control pollution and reduce its carbon footprint, is Prime Minister Modi’s initiative and is said to have included around 80 countries in its group.

To facilitate travel between countries in the COVID outbreak, India and Israel have also agreed to recognize joint vaccination certificates.

Also Read : Bitcoin prices: Bitcoin hovered near the 6-month high in ETF expectations, inflation worried

India and Israel  helped each other during the COVID-19 pandemic, Lapid said. “This is the behavior of friends and acquaintances.”

Jaishankar, who arrived here on Sunday during his inaugural visit to the country, will also call on President Isaac Herzog and Prime Minister Naftali Bennett.

He will also hold talks with leading scholars from across Israel, business leaders and interact with the Indian Jewish community.

Jaishankar will also visit historical places with India and show his long presence in the region and his constructive role in shaping the history of the region.

India and Israel enhanced bilateral ties in strategic cooperation during Prime Minister Narendra Modi’s historic visit to Israel in July 2017.

Since then, relations between the two countries have focused on enhancing knowledge-based cooperation, which includes cooperation in innovation and research, including strengthening the “Make in India” initiative, the Foreign Ministry said in a statement before leaving.

Bitcoin: Millennials Pull Crypto Out Of The Shadows In India

In hundreds of small towns and cities in India, a generation that has almost no experience with stocks and bonds is moving directly to bitcoin, ethereum, cardano and solana. The average age of 11 million users of CoinSwitch Kuber, a cryptocurrency trading application that didn’t exist 18 months ago, is 25 years old, and 55% of them are from major cities like New Delhi or Mumbai.

The widespread acceptance of digital tokens by Millennials and Generation Z is helping to lift the industry out of the shadows since 2018, when the founder of the crypto stock exchange was briefly in police custody for daring to set up a kiosk in a Bangalore mall, Where people could trade their bitcoins for money. Now business is very public and very visible. CoinSwitch Kuber has joined the popular Bollywood youth icon for an ad campaign titled “Kuch Toh Badlega” – Kuch Toh Badlega.

For CoinSwitch, which began as an aggregator of the best real-time prices for digital assets around the world, something already exists. In 2018, the newly launched venture could not run on its turf as the Monetary Authority of India directed banks not to entertain customers dealing in virtual currency. It was not until March last year that the Supreme Court lifted the ban. CoinSwitch, whose application was released in June, bought 11 million customers in 16 months. Investors eye the startup: It recently became the first in the country to raise $1.9 billion in Silicon Valley venture capitalist Andreessen Horowitz.

After becoming mainstream in such a short period of time, the industry is looking to regulate itself. “We have decided to show our face,” said Ashish Singhal, one of the three co-founders of CoinSwitch. “Even if regulation hurts our business in the short term, it is better than being forced to operate in a gray area with less security and without much room for growth.”

The fear of being banned has increased since last year’s court order gave new life to a dying industry. But now this danger is decreasing. While Beijing announced last month in the clearest terms that it was determined to root out all virtual currency transactions, the general consensus is that New Delhi would be reluctant to take such an extreme step. This is partly because the relationship between private business and the state is different in India, where politicians need corporate donations to contest expensive elections, and citizens do not like being told by the government whether tuition, online games – or owning cryptocurrencies – is bad. for them.

But part of the industry’s confidence stems from the belief that policymakers are confident about the benefits of a blockchain-based innovation economy. iSPIRT, an influential Bangalore-based think tank, advises India to embrace the growing sector of decentralized finance to close the $250 billion financing gap for small and medium-sized enterprises and all like Balaji Srinivasan, former chief technology Online Wall Street builds for. This is described by executives from the largest US cryptocurrency exchange Coinbase Global Inc.

“We, as a country, have missed Internet 1.0,” Singhal said. “We gave Google and Microsoft world-class talent, including their current CEOs, but we didn’t create those titans. With blockchain, we can build some global giants.”

However, the widespread adoption of crypto trading is making authorities – especially central banks – uneasy. CoinSwitch isn’t the only company that uses celebrity endorsements to promote trading ahead of Diwali, the traditional gold buying season. According to Bloomberg News, executives recently met Amitabh Bachchan and informed the Bollywood superstar about their concerns regarding his deal with another Indian crypto-exchange CoinDCX as the brand ambassador.

The current speculative enthusiasm could use some tension, although it is too late to try something more drastic. “It would not be fair for Generation Z investors to defer the entire asset class beyond sanctions,” said Sharan Nair, chief business officer at CoinSwitch. I want to solve the problems in the world. What can they do as a shareholder of a bank whose website they do not like? ”

According to a survey by data analytics firm Kantar, around 83% of urban Indians are aware of digital currencies, while 16% actually have them. They want more – cryptocurrency extraction is now half as strong as mutual funds, a product with which older generations have a very close relationship. It offers a glimpse into the future of investors’ portfolios: a mix of digital assets and traditional financial products. Even without the reflected light of Bollywood stars, the crypto industry in India is not going dark again.