Russia’s Direct Investment Fund In a significant step in economic cooperation, Russia’s Direct Investment Fund (RDIF) signed an MoU with India’s Infrastructure Development Finance Company (IDFC) for funding of hydro-generation projects. RDIF Director General Kirill Dmitriev told the BRICS Business Council meeting that his company signed an MoU with

Indigenously-built guided missile stealth frigate INS Satpura and anti-submarine corvette INS Kamrota are participating in SIMBEX-15, a bilateral naval exercise with Singapore, a statement said on Saturday. SIMBEX-15 will end on 26th May 2015. The frigate and corvette is on operational deployment in the South China Sea and south

India is home to the highest number of hungry people in the world, at 194 million, surpassing China, said the United Nations annual hunger report. At the global level, the corresponding figure dropped to 795 million in 2014-15, from 1 billion in 1990-92, with East Asia led by China

India has confirmed it will sign a free trade agreement with the Eurasian Economic Union (EAEU) on June 18 at the St. Petersburg International Economic Forum (SPIEF-2015). The EAEU is an international organisation for regional economic integration. The member states of the union, which started operating from January 1,

Forum for India-Pacific Islands Cooperation On August 21, India will host the heads of 14 island nations at the(FIPIC), in what is seen as a first step towards greater engagement with the region, which is important from an economic and geostrategic standpoint. The upcoming summit in Jaipur is expected

India to buy 36 Rafale warplanes from France. The Defence minister said the previous government�s proposed $25-billion deal for 126 Rafales was economically unviable. About Rafale Deal: New Delhi had in April scrapped the Rafale deal , billed as one of biggest in the country , more than three