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1.India and Japan are set to advance plans for a local-currency settlement framework...

 1.India and Japan are set to advance plans for a local-currency settlement framework that would allow direct yen-rupee transactions for bilateral trade and reduce reliance on the US dollar, according to a Nikkei Asia report ahead of Japanese Prime Minister Sanae Takaichi’s visit to New Delhi today. The proposal might as well be included in the Joint Statement to be issued after Prime Minister Narendra Modi and his Japanese counterpart Takaichi meet for the 16th India-Japan Annual Summit during the official trip, Nikkei reported.

https://www.livemint.com/news/india/india-japan-eye-direct-yen-rupee-trade-settlement-to-cut-us-dollar-reliance-sanae-takaichi-in-new-delhi-11782871956090.html

2.The Embassy of India in Abu Dhabi and the Consulate General of India, Dubai, have reportedly confirmed an increase in passport fees for UAE-based applicants and said the new pricing structure will take effect from July 1 onwards.The revised rates for passport issuance and related services will apply uniformly across the Consulate, Embassy, and Indian Consular Application Centres (ICACs), Gulf News reported on Tuesday.

https://indianexpress.com/article/world/uae-indian-passport-fee-hike-july-1-revised-rates-explained-10765295/

3.India emphasised the need for continued efforts to ensure peace and stability in West Asia and for safeguarding freedom of navigation and commerce during a phone call between Prime Minister Narendra Modi and Iranian President Masoud Pezeshkian on Tuesday. The two leaders spoke on the phone against the backdrop of concerns about the ceasefire in West Asia following fresh attacks by the US and Iran over the past few days. The conversation also came days after Pezeshkian invited Modi for the funeral programme of former Supreme Leader Ali Khamenei beginning this week.

https://www.hindustantimes.com/india-news/pm-modi-speaks-with-iran-president-pezeshkian-india-backs-lasting-peace-in-west-asia-101782835791463.html

4.The next great Indian journey may begin with a search bar instead of a suitcase. The Ministry of Tourism has signed a Memorandum of Understanding (MoU) with Google India to strengthen India’s digital tourism ecosystem, marking the Ministry’s first comprehensive partnership with a global technology company.The collaboration aims to combine the Ministry’s tourism development agenda with Google’s expertise in technology, data insights and digital engagement, helping improve how travellers discover, plan and experience destinations across the country.

https://indiantelevision.com/mam/tourism-ministry-partners-google-to-boost-indias-digital-travel-ecosystem/

5.India’s hospitality sector is undergoing a structural transformation, with hotels emerging as a mainstream investment asset rather than merely an operating business, according to NOESIS’ latest report, The Art & Science of Buying and Selling Hotels. The study highlights a transaction database of approximately 125 hotel deals, covering 37,847 room keys and ₹36,564 crore in disclosed transaction value, translating into an average ₹0.97 crore per key.

https://hospitalitybizindia.com/news-track/inr-36564-crore-deal-pipeline-signals-investor-confidence-report/

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