Why is it in the news?
The Prime Minister of India paid an official visit to Malaysia.
The visit reaffirmed and operationalised the India–Malaysia Comprehensive Strategic Partnership (CSP).
Category: International Relations
Important Points:
● Formalisation of Malaysia–India Digital Council (MIDC) for fintech, AI, cybersecurity, DPI
● NPCI International Limited (NIPL)–PayNet partnership for cross-border digital payments
● Agreement to advance INR–MYR local currency trade settlement (RBI–Bank Negara Malaysia)
● Cooperation in renewable energy, green hydrogen and semiconductor value chain
● MoU between CBI and Malaysian Anti-Corruption Commission (MACC)
● MoU on Disaster Management between National Disaster Management Authorities
● Expansion of exchanges under MTCP and ITEC; invitation to Study in India programme
● MoU between ESIC and Malaysia’s Social Security Organisation
● Malaysia acceded to International Big Cat Alliance (IBCA)
● Reaffirmed ASEAN centrality and cooperation under AOIP and IPOI