Monday, 18 December 2023 (The Economic Times) Bhutan King Unveils Plans for Economic Linkages with Assam
Bhutan's King unveils Gelephu Special Administration Region (SAR), a mega city project near the Indian border spanning 1,000 sq km. Positioned as a South Asian economic hub, it aims to foster regional integration, leveraging connectivity with Southeast Asia. The SAR will have its laws, attract foreign investment, and offer economic opportunities. During the King's visit to India, the project was discussed with PM Modi. Plans include a 58-km rail link between Gelephu and Kokrajhar in Assam, enhancing trade infrastructure and connectivity. India supports the initiative, facilitating the transport of Bhutanese products to Bangladesh.
Tuesday, 19 December 2023 (mint) 26 coal mines to go under hammer in 9th round of commercial auction
The government is to auction 26 coal mines across four states in the 9th commercial auction round, starting Wednesday. There are no restrictions on coal sale/utilization; eligibility criteria for bidders were removed to enhance inclusivity and competition, per the coal ministry statement.
Wednesday, 20 December 2023 (Financial Express) Bill to give immediate effect to customs, excise duty proposals gets nod
On Tuesday, the Lok Sabha passed the Provisional Collection of Taxes Bill 2023, aiming to promptly implement changes in customs and excise duties as outlined in the Budget. Following a brief discussion, the House approved the bill via a voice vote.
Thursday, 21 December 2023 (Financial Express) India to raise global rice trade share when favourable
Minister of State of Commerce and Industry Anupriya Patel on Friday said in the Lok Sabha that the government is monitoring the rice supply situation every week and would increase the percentage share in global rice trade when favourable conditions arise. "India has been the largest rice exporting country in the world from 2018-2022 followed by Thailand and Vietnam," Patel said.
Friday, 22 December 2023 (mint) India, South Korea push their ties, with a wary eye on China
New Delhi and Seoul are discussing closer ties, with South Korea considering joining the India-led Indo-Pacific Oceans Initiative (IPOI). The IPOI, focusing on maritime security and trade connectivity, has seen participation from major powers, including the United States.
India has urged South Korea to join the International Solar Alliance. This collaboration follows a new trilateral initiative with the U.S. on critical technologies, reflecting shared concerns about China. The growing closeness between India and South Korea includes trade, investment, defence, and technology discussions.
