IFFCO rolls out portal for farmers

Fertiliser major IFFCO has partnered with Singapore-based technology firm iMandi to start an e-commerce platform for farmers, with an investment of about ?80 crore. An e-commerce app, ‘IFFCO iMandi’, has been introduced and would cater to 5.5 crore farmers already associated with the cooperative. A web portal has also been developed. IFFCO’s managing director is U.S. Awasthi.

Vistara orders jets from Airbus & Boeing

Vistara, a joint venture between Singapore Airlines and Tata Sons, on Wednesday said that it has placed a firm order with both US planemaker Boeing and European aircraft manufacturer Airbus worth $3.1 billion. The move is taken as an expansion of its domestic network and to mount medium to long-haul flights on international routes. The current CEO of Vistara is Leslie Thng.

Cabinet approves MoU between India & Singapore

Union Cabinet has given its nod to a Memorandum of Understanding between India & Singapore for cooperation in urban planning and development. The agreement will facilitate government agencies to tap into expertise offered by Singaporean agencies in urban development and management. MoU aims is to facilitate government bodies like municipal corporations to help in rejuvenation of urban areas.

Mumbai costlier than Washington and Melbourne

According to a Mercer survey, Mumbai is the most expensive city in India to live in for expatriates as compared to Washington and Melbourne. Hong Kong is ranked as the world’s costliest city to live in for expatriates, followed by Tokyo, Zurich, Singapore, and Seoul. Bengaluru, which has a high population of expatriates is getting more reasonable on cost of living.

DBS Bank to launch subsidiary in India

DBS Bank of Singapore will launch its subsidiary in India in Oct 2018, the 2nd foreign bank in the country to convert its local operations. The bank has invested another ` 500 Cr in March 2018 to take the total capital in India to Rs 5000 Cr and plans to expand to 50 branches. State Bank of Mauritius was the 1st to open a local subsidiary after RBI came out with the regulations in 2013.

Sejwal won gold at Singapore Championships

Indian swimmer Sandeep Sejwal put up an impressive performance to clinch the gold medal in men’s 50m breaststroke event at the Singapore National Swimming Championships in Singapore. Sandeep broke the Singapore meet record with a timing of 27:59 sec to win the gold. He bettered his own time of 27.68 seconds in the semi-final by 0.09 sec. The SCNS was organized between 20 to 23rd June 2018.

US and South Korea suspend training exercises

The United States and South Korea have agreed to indefinitely suspend two exchange program training exercises. The announcement comes on the heels of the summit in Singapore between President Trump and North Korean leader Kim Jong Un. Freedom Guardian along with two Korean Marine Exchange Program training exercises have been suspended.

Flower named after Modi

An orchid at National Orchid Garden in Singapore was named ‘Dendrobium Narendra Modi’. Now three flowers are named after PM Narendra Modi. Last year, a fast-growing Israeli Chrysanthemum was named ‘MODI’ during the PM Modi’s visit to the nation. An orchid grown in Sikkim was named ‘Cymbidium Namo’ in 2016 by the state CM Pawan Chamling.

PM Modi’s three Nations visit concluded – II

Singapore: Modi launched three Indian digital payment systems – RuPay, BHIM app and UPI by SBI at the ‘Business, Innovation and Community Event’ in Singapore. PM Modi held wide-ranging talks with his Singaporean counterpart Lee Hsien Loong and delivered a keynote address at the Shangri-La Dialogue. He is the first Indian Prime Minister to address the Shangri-La Dialogue.

India, Singapore announce 14 agreements

India and Singapore announced 14 business-to-business and business-to-government agreements. The agreements include on supporting India’s innovation and entrepreneurship ecosystem and promoting Indian innovation abroad, to set up Indian institutes of skills on waste water management and recycling. It also included the promotion of ‘Make-in-India’ in Singapore and ASEAN.

Singapore-Kuala Lumpur is busiest air route

The trip between Singapore and the Malaysian capital Kuala Lumpur is the world’s busiest international air route according to the study by air travel intelligence firm OAG. Asia dominated the list of the world’s 20 busiest international air routes. The world’s second busiest air route is between Hong Kong and the Taiwanese capital Taipei & followed by the Jakarta to Singapore air route.

Singapore to impose carbon tax from 2019

Singapore would impose a carbon tax from next year to cut its greenhouse gas emissions.The tax would be levied on all facilities producing 25,000 tonnes or more of greenhouse gas emissions a year. Singapore ranks 26th out of 142 countries in terms of emissions per capita. Singapore expects to collect carbon tax revenues of nearly Sg$1.0 billion in the first five years

Cartoon Network ship to be launched

Cartoon Network has announced the launch of a new colourful cruise ship liner named Cartoon Network Wave, which will sail from Singapore in late 2018.The newly announced ship will draw inspiration from shows like The Powerpuff Girls and Ben 10. The 2,000-capacity ship will feature 800 cabins and suites, a Johnny Bravo-themed burger bar and a rope adventure park.

MoU for Petrochemical park in Kochi

A MoU for setting up a? 1,800-crore petrochemical park in Kochi was inked by the Kerala government and ‘FACT’.It will come up in 481 acres of land owned by the Fertilisers and Chemicals Travancore. The park was aimed at making Kochi, a hub in petrochemical production chain on par with Jurong in Singapore and industrial complexes in South Korea.

Futures trading in Indian stocks

The Singapore Stock Exchange will soon launch trading in Indian single-stock futures on its platform.The Singapore bourse currently offers trading in Nifty index contracts, which are very popular among overseas investors.The move has been triggered by Sebi’s decision to ban participatory notes from investing in Indian single-stock futures except for the purpose of hedging.

India, Singapore ink pact

India and Singapore inked a major pact on marine security in New Delhi.The pact was signed during Singaporean Defence Minister Ng Eng Hen’s visit to India.Union Defence Minister Nirmala Sitharaman and Singaporean Defence Minister, Ng Eng Hen held wide-ranging talks, during which India and Singapore declared an intent to ensure freedom of navigation in critical sea lanes.

Federal Bank gets RBI nod to open office

Federal Bank has obtained RBI approval to open representative offices at Kuwait and Singapore. With the opening of these offices, the Bank will be able to widen its services to NRI diaspora and also enhance the international visibility of the Bank. The bank has been the preferred banker for NRIs and the NRI friendly measures have resulted in increasing inflow of foreign remittances.

Odisha Signs MoU with ITEES

Odisha Skill Development Authority (OSDA) and Singapore-based ITE Education Services (ITEES) signed a memorandum of understanding (MoU) for skill development in the State. ITEES is a subsidiary of Singapore’s prestigious Institute of Technical Education (ITE). 100 ITI teachers will be trained at Singapore at the ITE in 2018 as per the provision of the MoU.

Assam signs MoUs with Singapore

Assam signed MoU and ToR with Singapore for skilling youth of the state. The MoU and ToR for North East Skills Centre were signed between Skill, Employment and Entrepreneurship Department, of Assam and ITE Education Service, Singapore, in Guwahati, Assam. A MoU for Guwahati City Greening was signed between the Guwahati Metropolitan Development Authority and Singapore Corporation Enterprise.

JSA Becomes First Law Firm in GIFT City

Jyoti Sagar Associates (JSA) is the first law firm to have opened an office at Gujarat International Finance Tec-City (GIFT), which is being promoted like Singapore of India. Setting up this office would help JSA consolidate their practise in Financial, according to the firm release. The office was inaugurated by Sudhir Mankad – Chairman of GIFT IFSC.

Singapore to set up Skill Center

The Government of Singapore will set up a Skill Center at Guwahati which will cater to the entire North-Eastern region. The Skill Center is proposed to be set up at Guwahati by the year 2019 and the Ministry of DoNER will coordinate in this initiative. An MoU for the same has already been formalized between Singapore and the State Government of Assam.

Hamilton wins Singapore Grand Prix

Mercedes-AMG F1’s Lewis Hamilton claimed a stunning victory at the Singapore Grand Prix after pole-sitter Sebastian Vettel crashed out following huge early drama. With his 60th race victory and seventh this season, Hamilton now stands 28 points ahead of Vettel with six Grand Prix left this year. Ricciardo finished second while Hamilton’s team-mate Valtteri Bottas was third.

First female President of Singapore

Halimah Yacob, a former speaker of parliament from the Muslim Malay minority, did not have to face an election after authorities decided her rivals did not meet strict eligibility criteria. She meets the criteria set out for those in the public sector, having held office for at least 3 years as Speaker. She will be Singapore’s 1st female President & the first Malay head of state in 47 years.

Singapore’s Acting President

JY Pillay, an Indian-origin veteran civil servant, was appointed as Singapore’s acting president until a new head of state is sworn in later in September. He took over from Tony Tan Keng Yam who completed a six-year term. This is the first time the office has fallen vacant since the elected presidency was introduced in 1991.

India Gets Past $300-b FDI Mark

India crossed the $300-billion foreign direct investment (FDI) milestone between April 2000 & Sept 2016. Around 33% of the FDI came through the Mauritius route, apparently because the investors wanted to take advantage of double taxation avoidance treaty. India received $101.76 billion from Mauritius between April 2000 & Sept 2016. The other big investors have been from Singapore & the US.

Singapore Tops Global Education Rankings

Singapore has the highest-achieving primary & secondary pupils in international education tests in Maths & Science. Primary school pupils in Northern Ireland were ranked sixth at Maths,the highest of any in Europe. The top places in these rankings are dominated by East Asian countries. These international rankings,Trends in International Mathematics & Science Study,are published every 4yrs.