NATIONAL
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India, UK reaffirm FTA commitment at Strategic Dialogue
- India and Britain reaffirmed their commitment to conclude a mutually beneficial free trade agreement at the annual UK-India Strategic Dialogue, as the two sides reflected on the "good progress" made on the 2030 Roadmap.
- They have worked together in collaborating on the world's first malaria vaccine. This year's dialogue included ongoing commitment to negotiate a mutually beneficial free trade agreement and enhance defense cooperation.
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FDI norms in some sectors may be eased
- India has recently relaxed Foreign Direct Investment norms in the space sector and there is a possibility of further FDI liberalization in certain other areas when the new government will come to power.
- India has one of the most liberal FDI policies in the world and in fact, more liberal than many Southeast Asian countries, that the country is often compared with.
INTERNATIONAL
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South African govt. for speedy issuance of visas for Indian tourists
- The South African government is evolving mechanisms for the speedy clearance of visa applications from India and working on a proposal for introducing e-visa for Indian tourists to the country.
- The South African tourism ministry has taken up a proposal for a visa waiver for up to 90 days for passengers from both China and India with the president.
- The facility shall be extended to passengers from both India and China who are also members of the BRICS alliance, Patricia de Lille (The Minister for Tourism) said.
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Russia orders seizure of Deutsche Bank, UniCredit assets
- A Russian court had ruled that Deutsche Bank and UniCredit's assets in the country are to be seized, documents showed.
- European banks have largely exited Russia after Moscow launched its offensive on Ukraine in 2022.
- The decision was issued in answer to a request from RusKhimAlians, which was planning to build a major gas processing plant in cooperation with German company Linde, which pulled out of the project due to Russia's military campaign.
- RusKhimAlians sued UniCredit and Deutsche bank- both guarantors of the project.
SPORTS
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Elorda Cup boxing campaign
- Nikhat Zareen and Minakshi clinched a gold each as the Indian team concluded its Elorda Cup boxing campaign with a best tally of 12 medals.
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Satwik-Chirag combination moves into the final
- R.Satwiksairaj and Chirag Shetty entered the final of the Thailand Open badminton.
