All posts tagged: U.A.E

CAG of India signs MoU with U.A.E. Accountability Authority

Published by Parlour News

Comptroller and Auditor General of India. File | Photo Credit: The Hindu The Comptroller and Auditor General of India (CAG) has signed a Memorandum of Understanding (MoU) with the Accountability Authority of the United Arab Emirates (UAE) during a bilateral meeting with its President in Abu Dhabi. “The objective of this MoU is to promote and develop cooperation between the two SAIs (Supreme Audit Institutions) in order to strengthen the respective institution’s professional capacity and improve methodologies in the field of public sector audit. Other areas of cooperation committed through this MoU include the exchange of knowledge and experiences in the area of public auditing and conducting capacity development programmes at SAI India or SAI U.A.E on need basis,” said the CAG. CAG Girish Chandra Murmu said the agreement signed on Monday (September 2, 2024) was a reaffirmation of the values and goals that both institutions shared over a long period and a cementing of the ties that already existed between the two nations. He said: “The MoU will yield many opportunities for greater exchange …

Cabinet approves bilateral investment treaty with U.A.E.

Published by Parlour News

Union Minister Anurag Thakur briefs the media on Cabinet decisions at National Media Centre, in New Delhi. File | Photo Credit: PTI The Union Cabinet on February 1 approved an investment treaty with the United Arab Emirates (U.A.E.) that is likely to significantly boost bilateral economic engagement in a range of areas, including manufacturing and foreign direct investment (FDI). The Union Government also approved the signing and ratification of a Bilateral Investment Treaty (BIT) between India and the United Arab Emirates (U.A.E.). The treaty is expected to improve the confidence of investors, especially large investors, resulting in an increase in foreign investments and overseas direct investment opportunities, the government said. The pact may have a positive impact on employment generation, it said in a statement. The pact would help promote investments between the two countries. “The Union Cabinet chaired by Prime Minister Narendra Modi today has given its approval for signing and ratification of the bilateral investment treaty between the government of India and the government of the United Arab Emirates,” it said. “The approval …