India-Singapore

In a Q&A, the CEO of Mecklai Financial Services dwells on issues such as rupee internationisation, stronger FDI flows and RBI's role in keeping the Indian currency stable

India-Singapore link is an encouraging first step

India, Singapore cross-border retail payments & remittances amount to over $1 billion annually

Chief Justice of Singapore Sundaresh Menon on Friday sat on the Supreme Court of India bench headed by CJI D Y Chandrachud. Justice Menon, who has been serving as the fourth chief justice of Singapore since 2012, is in India to take part as the chief guest of a function to be held on Saturday to commemorate the 73rd anniversary of the establishment of the Supreme Court. The Singapore chief justice will deliver a lecture on the "Role of judiciary in a changing world" at the event which will feature a welcome address by Justice SK Kaul and an address by the chief justice of India as well. The Supreme Court of India came into existence on January 28, 1950, two days after India became Republic.

Singapore is looking at collaborating with India in the area of digital public infrastructure on the lines of a national identity system like Aadhaar, an official of the island country's central bank said. Another potential opportunity could be the integration of Singapore's 'Proxtera' (global digital hub of MSME ecosystems) with India's Open Network for Digital Commerce (ONDC), he said. "India is a technology superpower in advanced digital public infrastructure (DPI), making it an ideal partner for us to collaborate. We look forward to associations with regard to our national identification infrastructure similar to Aadhaar in India," Monetary Authority of Singapore (MAS) Chief Fintech Officer Sopnendu Mohanty told PTI. "Connecting Proxtera with India's ONDC could be another possibility, enabling cross-border opportunities and greater financial empowerment for small businesses of both countries," Mohanty said. India's Commerce Minister Piyush Goyal had earlier said ONDC can transf

The Monetary Authority of Singapore on Monday said integration of India's Unified Payment Interface (UPI) and equivalent network in Singapore, known as PayNow, will begin anytime soon, which in turn will reduce the remittance cost by 10 per cent. There will be interoperability of the two digital payment networks, allowing seamless remittances between the two countries at a highly competitive rate. "Integration of UPI and Singapore's PayNow with India is ready and waiting for launch," Singapore central bank's chief fintech officer Sopnendu Mohanty said at the G20 meeting on financial inclusion at Kolkata. "As of now, remittance to India is at least 1 billion Singapore Dollars and India to Singapore will be 200-300 million Singapore Dollars," Mohanty said. Pramod Verma, chief architect of Aadhaar & India Stack said similar interoperability will also happen with Dubai and a few other countries soon. He said this integration will also help Indian tourists pay in Singapore using ...

Amid growing global demand for nurses, Singapore has a competitive edge owing to its proximity to source countries such as the Philippines and India as well as relatively painless application process, according to healthcare workers and experts. Singapore is also attempting to replace nurses lost to other nations during the pandemic, including by dangling bigger pay packets, but retention is an issue with some of these nurses eyeing a move to other countries due to difficulties settling down here, Channel News Asia reported on Wednesday. According to the Singapore Nursing Board, foreign-trained nurses who wish to work in Singapore must sit for a licensure examination and undergo a competency assessment. This is unlike other countries such as the United States or the United Kingdom, where foreigners seeking employment may also need to take extra steps such as an English language test. The cost of each test typically ranges between USD180 to USD325, depending on where they sit for it

Commerce and industry minister Piyush Goyal on Saturday met Singapore's Senior Minister Tharman Shanmugaratnam and discussed strengthening bilateral cooperation across several areas of mutual interest. Goel also had an interaction with CEOs & Investors at the Business Roundtable in Singapore and invited them to participate in India's growth story and benefit from the multitude of opportunities. "Met @Tharman_S, Singapore Senior Minister & Coordinating Minister for Social Policies. Discussed strengthening bilateral cooperation across several areas of mutual interest," Goel tweeted. "Held an engaging interaction with CEOs & Investors at the Business Roundtable in Singapore. (Prime Minister Narendra) Modi Govt. has brought about a sea change in India's investment ecosystem. Invited them to participate in India's growth story and benefit from the multitude of opportunities. Goel also met and addressed the Indian community in Singapore. He thanked them for holding India's flag .

Singapore Foreign Minister Vivian Balakrishnan has praised India for its digital identity and payment systems and said that it is a "clear opportunity" for the country.In Saturday's statement after his meeting with External Affairs Minister S Jaishankar in Cambodia, Balakrishnan noted two basic areas including certain strengths which India has and economic integration."India has certain strengths - FinTech, digital finance, digital inclusion, and what they have done with digital identity and payment systems, is a clear opportunity for us," the Singapore Foreign Minister said."In Singapore, of course, we have all those systems as well, but for the rest of Southeast Asia, to explore how we can interconnect our payment systems, our financial systems, in order to facilitate payments and expand opportunities for small businesses across the subcontinent and across into Southeast Asia," he added.Furthermore, Balakrishnan stated: "We are reviewing the ASEAN-India Trade in Goods Agreement to ..

According to India's tourism statistics, Singapore was among the top 10 destination country for Indian Nationals' Departures (IND) during 2020

The proposed fund comes on the back of deploying two funds totalling $106 million

Notwithstanding the Covid-19 pandemic, trade between India and Singapore is likely to touch $21 billion in financial year 2020-21, India's High Commissioner to Singapore P Kumaran has said

Covering limited items of exports between the two nations, the deal could nevertheless help New Delhi enter not both Africa and Europe, without having to sign an FTA with either

The two sides also identified new areas of cooperation in the already strong and diversified defence partnership

India and Singapore have a robust defence cooperation

Singapore govt says closure based on mutual consent between AP govt and Singapore Consortium, as former had "other priorities for the state"

Speaking at the 70th Republic Day reception on Thursday night, Health Minister Gan Kim Yong recaptured the strong ties between India and Singapore

As per the pact, both countries will improve their regulatory connect to exchange best practices by sharing experience on policies and regulations related to fintech, an official statement said

MoUs were signed in the field of industrial property cooperation and skill development

In 2015-16, India's trade with Singapore was $15.02 billion, with Indian exports contributing $7.71 billion