New Delhi, March 20 (IANS) India said on Friday that it is hoping for improved economic ties with Cuba in the wake of the US deciding to establish diplomatic ties with the Caribbean country whose Vice President Miguel Diaz-Canel is coming here March 23-25.
Diaz-Canel is on his maiden visit to India, during which he would meet Vice President Hamid Ansari, and also call on President Pranab Mukherjee and Prime Minister Narendra Modi.
It would be the first high level contact between Cuba and the Modi government.
With the Barack Obama administration working on establishing diplomatic ties with the Communist nation after more than 50 years, the move is expected to help "enhance" India's economic ties with Cuba as well, said external affairs ministry spokesperson Syed Akbaruddin here Friday.
"One of the barriers that we have faced in terms of economic interactions with Cuba - apart from distance, is issues relating to foreign exchange and availability of foreign currency for trading purposes. Anything that helps in that is going to enhance trade," he said.
"Any change will certainly enhance. We hope to have improved economic ties with Cuba," he added.
The US slapped economic sanctions on Cuba in 1962, which have been eased in some sectors.
During the visit of the Cuban vice president, both sides are expected to ink agreements of a consular nature and in healthcare and biotechnology, he added.
Cuba gets 50 to 55 Indian Technical Economic Cooperation (ITEC) seats every year. The Indian boxing team as well as Indian sports institutions utilize the services of Cuban coaches in volleyball, in diving, as well as in athletics, said the spokesperson.
Indian Railway: Booking rail tickets is now easier, IRCTC made this big change
Indian Railways has made a big change in the matter of ticket booking. Under this new change, now passengers will not have to enter their address while booking tickets. The Railway Board has issued an
Vindicated by CAG report, but continue to suffer: Khemka
Chandigarh, March 26 (IANS) Senior IAS officer of Haryana cadre Ashok Khemka on Thursday said his action of cancelling a multi-million-rupee land deal between Robert Vadra, son-in-law of Congress
Work-life balance deteriorated in Corona: one-third of people worked more than 48 hours every week, 20% worked less than 35 hours
9 in the morning to 5 in the evening ie 8 hours of work is considered normal, but it is not so for about a third of the world's working population. This information has come out from a report by the
UPI Charges : Will UPI payments be costlier from April; NPCI clarified the situation, and know the answer to every question
The National Payments Corporation of India (NPCI), in a recent circular, has advised that charges be levied on prepaid payment instruments (PPIs) transacted on the Unified Payments Interface (UPI).
Jaishankar's admired UAE minister: Said in front of 37 countries - India's foreign policy is wonderful, it does not join anyone's group
A minister of the United Arab Emirates (UAE) has become convinced of the ability of India's External Affairs Minister S Jaishankar. Omar Sultan Al Olma, Minister of State for Artificial Intelligence,
Russia Ukraine War: The uproar over the bodies of 410 civilians found near Kyiv, strongly condemned by America, France, and Germany
The Russian military's actions in Ukraine have triggered intense condemnation after 410 bodies of civilians were found in Bucha and some other towns and villages near the capital Kyiv. The United
Medicine From The Sky: Now medicines will be supplied from the 'sky', this state started drone-based healthcare
Arunachal Pradesh on Monday successfully launched the first flight of drone service 'Medicine From The Sky' from Seppa in East Kameng district to Chaoyang Tajo. Chief Minister Pema Khandu gave this
Withdrawing from IPL may cost players, BCCI preparing to rein in
The number of foreign cricketers who pulled out of the tournament after being sold for big bucks in the Indian Premier League (IPL) auctions has steadily increased over the years. In such a situation,
Announcement of punishment in Ahmedabad blast case: 38 convicts were hanged and 11 were sentenced to life imprisonment, 56 people lost their lives in the 2008 blasts
In the serial blasts case that took place in Ahmedabad on July 26, 2008, the death sentence has been announced for 38. On February 8, the City Civil Court had convicted 49 of the 78 accused under the
IRDAI directs insurance companies to decide on Covid-19 claim in one hour
Insurance regulator IRDAI has directed insurance companies to decide on a cashless claim for treatment of Covid-19 within 60 minutes of receipt of the final bill. This will enable the waiting
