PM Modi holds bilateral with Cuban President, discusses boosting economic ties, healthcare, ayurveda
The PM said in a post on X after their meeting in Rio de Janeiro on Sunday:
'It was wonderful to meet President Miguel Díaz-Canel Bermúdez of Cuba. In our talks, we covered a wide range of subjects. Economic relations between our nations have a lot of potential to grow in the coming times.
'Equally promising are sectors like technology, healthcare and energy. The growing acceptance of Ayurveda in Cuba is surely a great thing. We even discussed ways to strengthen disaster management apparatus.'
The Cuban President said in a post on X that it was a fruitful meeting with the Indian PM.
'In fruitful meeting with the Prime Minister @narendramodi, we analyze the areas of special economic-commercial interest, cooperation and investments that currently exist between the #India and #Cuba.
'We agree on the excellent state of bilateral relations.'
The MEA spokesperson said in a post on X:
'PM @narendramodimet with President Miguel Diaz-Canel Bermudez of Cuba on the sidelines of the 17th BRICS Summit in Rio de Janeiro, Brazil. Both leaders exchanged views on various facets of relationship including in the areas of economic cooperation, biotechnology, pharma, Ayurveda and traditional medicine, Digital Public Infrastructure & UPI, disaster management, and capacity building.'
The Cuban Foreign Minister Bruno Rodriguez P, in a post said the two leaders highlighted the potential in areas such as biotechnology, energy, agriculture, communications, and tourism.
'In a meeting with the Prime Minister of #India, @narendramodi, President @DiazCanelB highlighted the existing potential in economic-commercial and cooperation areas, mainly in fields such as biotechnology, energy, agriculture, communications, and tourism.'
According to a readout:
Prime Minister Modi had earlier met President Diaz-Canel at the BRICS Summit in Johannesburg in 2023, where Cuba was a special invitee.
"The two leaders reviewed bilateral ties in the areas of economic cooperation, development partnership, fintech, capacity building, science and technology, disaster management and healthcare.
"Acknowledging India's expertise in the digital domain, President Diaz-Canel expressed interest in India's Digital Public Infrastructure and UPI. Prime Minister conveyed appreciation for Cuba's recognition of Ayurveda and extended support for integrating Ayurveda into Cuba's public health system.
"Prime Minister proposed Cuba's recognition of Indian pharmacopoeia, which will lead to access to Indian generic medicines.
"The two leaders agreed to work on issues of concern to the global South, including in the areas of health, pandemics and climate change. They appreciated the cooperation between the two countries in the multilateral arena."
UNI RN
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
23 minutes ago
- Hans India
Nifty eyes record highs as late rally sparks optimism; All eyes on US trade deal
After a sluggish start on July 9, the Nifty 50 rebounded impressively, closing near the day's high and gaining 61 points to end at 25,522. A late-session rally—fueled by renewed interest in largecap financials—helped the index break out of a narrow trading range, with analysts now eyeing a potential push towards record highs. Financial giants like Kotak Mahindra Bank, which surged over 3% following a strong Q1 update, were instrumental in lifting market sentiment. Other top gainers included Eternal and Asian Paints, while Titan, Dr. Reddy's, and Bajaj Auto dragged the index, with Titan tumbling nearly 6% on weak jewellery segment performance. The broader markets mirrored the recovery. Despite early losses, the Nifty Midcap 100 slipped only 0.17%, while the Smallcap 100 fell by just 0.29%, signaling a broad-based bounce-back. Sectoral performance was mixed. Nifty Realty, Financial Services, and Private Banks led the gainers, while Consumer Durables, Pharma, and Healthcare saw profit booking. In thematic plays, textile stocks gained sharply after the US imposed a 35% tariff on Bangladesh, raising hopes for increased Indian exports. AMC stocks also saw action following SEBI's proposal to ease mutual fund norms under tighter regulations. Foreign institutional investors (FIIs) continued to sell in the cash market, while domestic institutional investors (DIIs) stepped in as net buyers, cushioning the fall. Market experts remain bullish. Siddhartha Khemka of Motilal Oswal highlighted improving sentiment driven by trade deal hopes and the upcoming earnings season. Technically, analysts see key resistance levels ahead. HDFC Securities' Nandish Shah noted that Nifty has been forming higher highs and lows, with resistance at 25,669. A breakout could target the 26,000 mark, while 25,331 is the support. LKP Securities' Rupak De pointed to a bullish setup on the charts, citing a green candle forming after a hammer and doji pattern—often a signal of further upside. He placed resistance at 25,600–25,800 and support around 25,400. Angel One's Rajesh Bhosale added that a move above 25,700 could trigger fresh highs, with 25,300–25,450 acting as a buffer zone on the downside. Nagaraj Shetti of HDFC Securities echoed the positive trend, saying a breakout above 25,700 may push Nifty towards the 26,000–26,200 zone. Immediate support lies at 25,425. As global cues, especially the US trade negotiations, remain pivotal, traders are advised to watch key levels for the next leg of market movement.
&w=3840&q=100)
First Post
27 minutes ago
- First Post
How much is Brics worth for India? A look at business, trade links
India's total trade with Brics nations touched $399 billion in 2024, growing at an annual rate of 20 per cent since 2020. The platform gives India access to vast markets, although trade deficits need to be addressed read more India's trade ties with the Brics bloc are expanding rapidly, as the country deepens its economic engagement with a group that now represents nearly half the world's population and about 40 per cent of global GDP. However, the surge in trade volumes has come with widening deficits, particularly with China and Russia, raising questions about the sustainability and strategic value of these partnerships, according to a report by Rubix Data Sciences. The Brics grouping, originally comprising Brazil, Russia, India, China, and South Africa, now includes Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the United Arab Emirates. Together, the 11-member bloc accounted for $10.5 trillion in trade in 2024, with Brics nations emerging as net exporters in global merchandise flows. STORY CONTINUES BELOW THIS AD India's growing trade with Brics India's total trade with Brics nations touched $399 billion in 2024, growing at an annual rate of 20 per cent since 2020. However, the country's trade deficit with Brics widened nearly threefold over the same period, from $68 billion to $209 billion. Imports from Brics countries reached $304 billion last year, up 24 per cent annually since 2020. That now accounts for 43 per cent of India's total imports, a significant rise from 35 per cent just four years earlier. A major driver of this surge is Russia, which has become India's top crude oil supplier. India imported an average of 1.76 million barrels per day from Russia in FY2025, making up 35 per cent of its total oil imports. Imports from the UAE, Indonesia, and China have also risen sharply. A lopsided equation? India exported $95 billion worth of goods to Brics countries in 2024, reflecting a slower growth rate of 11 per cent per year since 2020. These exports make up about 22 per cent of India's total export basket. While exports to South Africa, the UAE, Saudi Arabia, and Brazil have grown at healthy rates, the overall trade balance remains skewed. China alone accounted for a $94 billion trade deficit in 2024. Bilateral trade with China grew to $124 billion, but Indian exports to the country have fallen 6 per cent since 2020, while imports from China rose 17 per cent, driven largely by high-value electronics and industrial inputs, according to the Rubix report. Russia is another key concern. India's trade deficit with Moscow ballooned to $59 billion, up eighteenfold since 2020, mainly due to rising oil imports following the Ukraine war. Some bright spots Among the more balanced relationships is Brazil, with which India has no trade deficit. India's exports to Brazil, dominated by agrochemicals and petroleum products, have grown 16 per cent annually. Imports, largely sugar and agricultural products, grew at 13 per cent annually. India is also a major refiner and exporter of petroleum products within the bloc. With over 250 million metric tonnes of refining capacity, India ranks seventh globally in refined product exports, which feature prominently in its trade with at least six Brics partners. STORY CONTINUES BELOW THIS AD
News18
27 minutes ago
- News18
Smriti Irani Calls Kyunki 2 A ‘Side Project', Says She's A Full-Time Politician, Part-Time Actor
Last Updated: Smriti Irani's comeback is one of the most talked-about moments in Indian television this year. Smriti Irani is set to return to television with the much-awaited second season of Kyunki Saas Bhi Kabhi Bahu Thi. While fans are thrilled to see her reprise her iconic role, the actor-turned-politician has made it clear that politics remains her top priority. In a recent interview with NDTV, Smriti Irani candidly spoke about juggling two high-profile careers. Calling the revival of Kyunki Saas Bhi Kabhi Bahu Thi a 'side project," she clarified her stance on acting versus politics. 'Kyunki Saas Bhi Kabhi Bahu Thi is a side project. For most consumers, the project is not one individual, it's always a group of actors coming together, a group of writers coming together. I am, very humbly so, the most recognisable face out of that mix of people, but I am a full-time politician and a part-time actor," she said. Drawing a parallel with other politicians who have dual careers, she added, 'Just like many politicians who are part-time lawyers, part-time teachers, part-time journalists. I just happen to be doing it simultaneously, which is difficult to grasp. I am just the one in the spotlight." When asked how she felt about her return to the small screen, Smriti reflected on her career journey. 'For a 49-year-old to have a 25-year run, not only in media, but also politics… That is a blessed run," she said. 'Because in our country's history, never has somebody managed to, with God's blessings, be successful in both these very competitive fields. And more so, if you're a woman to be at the top of the game continuously for two and a half decades in media and politics is no mean feat. But that is also somewhere where destiny and luck has had a role to play." The return of Kyunki 2 has already sparked nostalgia and buzz among TV lovers. While details around the storyline and cast are still under wraps, Smriti's comeback is one of the most talked-about moments in Indian television this year. First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
