News LIVE: Modi and Deuba launch RuPay payment system in Nepal, rail services

Live updates: Prime Minister Narendra Modi and his Nepali counterpart Sher Bahadur Deuba on Saturday jointly inaugurated cross-border passenger train services, RuPay payment system in Nepal and signed several memorandums of understanding. Rail services between Jainagar in India and Kurtha in Nepal were inaugurated on Saturday after a delegate-level meeting between the two leaders. The passenger train services were built under India’s Grant Assistance.

Europe has pledged to stand united against Russia’s demand to pay for its gas in rubles as the threat of an imminent supply cut eased on Friday. European capitals are bracing for a cut in gas imports as Russian President Vladimir Putin seeks revenge against Western sanctions for the February 24 invasion of Ukraine.

India and Australia on Saturday signed an economic and trade cooperation agreement under which Canberra would provide duty-free access to its market for more than 95% of Indian goods such as textiles, leather, jewelery and sporting goods. The India-Australia Economic and Trade Cooperation Agreement was signed by Minister for Trade and Industry Piyush Goyal and Australian Minister for Trade, Tourism and Investment Dan Tehan during a virtual ceremony, in the presence of Prime Minister Narendra Modi and his Australian counterpart Scott Morrison.

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