PM Modi arrives in Cyprus on first leg of three-nation tour
Modi, who was on his way to a summit of the G7 group of nations in Canada, and Cypriot President Nikos Christodoulides were scheduled to address business leaders on Sunday and hold formal talks on Monday.
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PM Modi Announces Talks to Include Cyprus in UPI, Hails India's Digital Payment Revolution In a landmark announcement at the India-Cyprus CEO Forum in Limassol, Prime Minister Narendra Modi revealed that talks are underway to bring Cyprus into the Unified Payments Interface (UPI) network. Highlighting India's digital transformation, PM Modi stated that 50% of global digital transactions now occur in India through UPI. He welcomed Cyprus' potential inclusion, pointing to the growing global footprint of India's real-time payment system, already adopted by countries like France. Modi also emphasized India's innovation-driven growth, noting over 1 lakh startups are powering solutions worldwide. From massive infrastructure investments to new policies in shipbuilding and aviation, the address showcased India's rising global economic influence and strong fintech leadership. The collaboration with Cyprus marks a bold step in expanding India's financial and technological diplomacy.#PMModi #ModiInCyprus #UPIExpansion #DigitalIndia #FintechDiplomacy #IndiaCyprusRelations #NarendraModi #IndiaUPI #GlobalUPI #UPIGoesGlobal #IndianEconomy #toi #toibharat #bharat #breakingnews #indianews 161 views | 2 hours ago
The Print
13 minutes ago
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'The Prime Minister is in Cyprus on his way to Canada. Of course, he would have us believe that it is a pure coincidence that a key figure in the Modani scam has Cypriot citizenship,' Congress general secretary in-charge communications Jairam Ramesh said. The Cyprus-based fund New Leaina has reportedly about USD 420 million in Adani companies, he claimed. The opposition party's assertions come amid the ongoing visit of Prime Minister Narendra Modi to Cyprus. New Delhi, Jun 16 (PTI) The Congress on Monday claimed that a key figure in the Adani 'scam' has Cypriot citizenship, and said the ongoing SEBI investigations into transactions involving the conglomerate have been hampered by lack of sharing of financial information by tax-haven countries and 'lack of pressure' by India. 'The 'ultimate beneficial owners' of this fund are linked to Amicorp, which is believed to have set up at least seven Adani promoter entities, seventeen offshore shell companies linked to Mr. Vinod Adani, and three Mauritius-based offshore investors in Adani Group stock,' Ramesh said in his post on X. All these transactions are part of the ongoing SEBI investigations which have been hampered by lack of sharing of financial information by these and other tax-haven countries and lack of pressure by India, Ramesh alleged. There was no immediate reaction from the Adani Group on the claims but it has denied all such allegations made by the Congress and other entities. The Congress has been persistent in its attack on the government since the Adani Group stocks took a beating on the bourses in the wake of US-based short-selling firm Hindenburg Research making a litany of allegations, including fraudulent transactions and share-price manipulation, on the conglomerate headed by industrialist Gautam Adani. The Adani Group has dismissed all the charges made by the Congress and others as lies, saying it complies with all laws and disclosure requirements. Noting that Cyprus gained independence from British rule on August 16, 1960, Ramesh also said that in the 1950s, India spearheaded the international campaign for the full decolonisation of the island. In the context of today's geopolitics it is worthwhile to recall that India's championing of the independence of Cyprus in the 1950s and thereafter became a sore point in our bilateral relations with Turkey, he said. Terming Cyprus a 'reliable partner' for India, Prime Minister Modi on Sunday called for strengthening bilateral cooperation, which has 'immense potential for growth'. Modi, who arrived in Nicosia on the first leg of his three-nation tour, made the remarks while attending a business roundtable along with Cypriot President Nikos Christodoulides. PTI ASK DV DV This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Deccan Herald
14 minutes ago
- Deccan Herald
Congress claims SEBI's Adani probe hampered by lack of sharing of information by tax-haven countries
The Prime Minister is in Cyprus on his way to Canada. Of course, He would have us believe that it is a pure coincidence that a key figure in the Modani scam has Cypriot citizenship. The Cyprus-based fund New Leaina has reportedly about $420 million in Adani companies. The…
