23 FEBRUARY 2023View in Browser
 
 

Weekly business and foreign investment news roundup in Asia

by Asia Briefing and Dezan Shira & Associates.

 
 

INDIA EDITION

 
 
 

TOP STORIES THIS WEEK:

 
 
 
India’s UPI Interface to Become Accessible to More Users
 
India’s digital payment systems like the Unified Payments Interface (UPI) is steadily becoming globally attractive amid measures to enable seamless cross-border transactions. This is lowering cost of fund transfers and remittance payments. For example, residents in Singapore and India will now be able to transfer money instantly to each other via UPI and PayNow as the peer-to-peer payment...
 
 
India’s Central Bank Grants ‘In-Principle’ License to 50 Payment Aggregators: Key Details
 
India’s central bank, the Reserve Bank of India (RBI), recently granted “in-principle” approval to over 50 online payment aggregators. We provide a list of all the entities whose applications have been approved, are in process, or have been returned.
 
 
Dealmaking at Uttar Pradesh Global Investor’s Summit 2023: Major Investments
 
Around 1333 MoUs were reportedly signed between various domestic and international firms for investments worth INR 7.85 trillion. Overall, the summit received investment proposals worth INR 32.92 trillion and potential to create 9.2 million jobs.
 
 
Delhi-Mumbai Expressway: Delhi-Dausa-Lalsot Section of India’s Longest Expressway Opens
 
The 246-kilometer section, inaugurated by Prime Minister Narendra Modi on February 12, connects the capital Delhi to Lalsot, in Rajasthan. Travel time between Delhi and Jaipur, the capital of Rajasthan and a major tourist and manufacturing MSME hub, will now significantly reduce.
 
 
Google Loses Bid to Block Indian Android Antitrust Ruling, Assures Cooperation with CCI
 
The Supreme Court of India has refused to block an antitrust ruling against Google, which alleges its abuse of its dominance in the Android operating system. India’s antitrust regulator CCI has ordered Google to lift restrictions imposed on device manufacturers, including the pre-installation of Google apps.
 
 

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NEWS FROM AROUND ASIA:

 
 
An Introduction to Doing Business in India 2023 (Complimentary Report)
 
 
An Introduction to Doing Business in India 2023 (Complimentary Report)
 
This publication is designed to introduce the fundamentals of investing in the Indian market and includes a guide to corporate establishment, merger and acquisition, tax advisory, HR and payroll...
 
 
 
Singapore Budget 2023: Impact for Businesses
 
The government of Singapore unveiled the 2023 national budget with the theme focused on building the capabilities of Singaporeans and seizing new...
 
 
China To Become Afghanistan’s Second Largest Trade Partner in 2023
 
China’s trade with Afghanistan has been growing fast and it may become the second largest trading nation with Afghanistan in 2023 after Pakistan, a...
 
 
Iran Increasing Use Of China’s RMB Yuan In International Trade
 
Ehsan Khandouzi, the Iranian Minister of Economic Affairs and Finance, has stated that “a certain part of exchanges in Iran’s trade with China has...
 
 

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UPCOMING EVENTS FOR ASIA:

 
 
 
India’s Massive Consumer Market – Opportunities for Foreign Companies
 
Webinar | Wednesday, March 15, 2023 | 2:30 PM India Time / 4:00 PM Vietnam Time / 5:00 PM China Time
 
 
 
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