Uzbekistan Financial News

Uzbekistan’s National Agency for Advanced Projects (NAPP) has cleared up doubts about Hamster Kombat’s legal status. In a June 25 notice, Uzbekistan’s agency clarified that the Telegram-based game was not a play-to-earn (P2E) game. As a result, citizens were free to play the game, as it met national regulations and was legal.

Subscribe to enjoy similar stories.India's apex drugs regulator has directed state governments to enforce uniform medicine standards to eliminate regional variability in regulatory compliance.In its February directive, reviewed by Mint, the Central Drugs Standard Control Organization (CDSCO), chaired by the Drugs Controller General of India, Rajeev Singh Raghuvanshi, wrote that concerns have been raised regarding inconsistencies in the enforcement of drug standards across the country, low conviction rates in cases of drug adulteration, and the need for stringent scrutiny of adulteration in imported pharmaceutical products."All states are advised to take proactive measures to effectively address the issues. You are also requested to strengthen the necessary infrastructure, including the provision of adequate manpower under the State Health Regulatory Excellence Index (SHRESTH),” the letter said.The development assumes significance for India’s $50 billion pharmaceutical market, which is facing a quality crisis after Indian-manufactured cough syrups were linked to over 140 deaths globally, including in Gambia, Uzbekistan, and Cameroon, due to ethylene glycol poisoning.Mint's emailed queries to the health ministry spokesperson and the DCGI office on 15 April remained unanswered.

In a first, India plans to publicly disclose findings from inspections of drug manufacturing units, marking a shift towards greater transparency and quality monitoring, according to two government officials and documents reviewed by Mint.According to the proposal being discussed, the country’s apex drugs regulator, Central Drugs Standard Control Organization (CDSCO), will publish details of inspected firms and audit recommendations on its website, as India's pharmaceuticals sector faces heightened scrutiny over quality.The plan assumes significance for the country's $50 billion pharmaceutical market in the backdrop of Indian-manufactured cough syrups being linked to over 140 deaths in countries, including Gambia, Uzbekistan and Cameroon, due to ethylene glycol poisoning.The office of Drugs Controller General of India (DCGI), headed by Rajeev Raghuvanshi, conducts these risk-based inspections (RBI) to ensure compliance with regulatory requirements under the Drugs and Cosmetics Act and Rules.“It has been desired that CDSCO may examine the feasibility of displaying brief details of firms inspected under RBI along with the recommendations of the inspection team, after due consideration of legal implications," according to the documents reviewed by Mint. "During such inspections, inspection teams make observations and recommendations based on risk assessment.

Mint.The proposed change aims to build a comprehensive database of bulk drug traders, improve traceability of imported raw materials, over 70% of which come from China, and allow regulators to quickly identify and hold accountable specific dealers involved in the supply of substandard inputs in India’s $50-billion pharmaceutical market.The new mechanism would dismantle the umbrella approach in the current common licensing system for raw materials and finished medicines, give the Drugs Controller General of India (DCGI) a long-missing registry of nearly 1.2 million bulk drug traders, and significantly strengthen traceability and accountability in the country's pharmaceutical market.The government move comes in the backdrop of India’s reputation as the ‘Pharmacy of the World’ taking a hit due to deaths of children in Uzbekistan, Gambia, Cameroon and India linked to cough syrups manufactured by Indian firms.As per the officials, a draft notification is in the works for this separate licensing regime for active pharmaceutical ingredients (APIs), including bulk drugs and advanced intermediates, which were valued at approximately $3.5 billion in FY25.While the total value for India's total pharmaceutical-related imports—including finished products—for FY24 was approximately $8.2 billion, bulk drugs remain the dominant share of this inflow data from the Directorate General of Commercial Intelligence and Statistics and commerce ministry shows.India’s API market is projected to reach $38.13 billion by 2034, growing at a CAGR of 8.50% from 2025 to 2034, according to reports by research firms like Market Research Future.“The lack of transparency in the raw material supply chain was highlighted by recent reports of cough syrups

Asad Lalljee, CEO of arts and culture platform Avid Learning, and his wife, holidays aren’t about ticking off Instagram-worthy hotspots — it’s about curating unforgettable experiences. Whether it’s staying in a madrasa-turned-hotel in Uzbekistan, attending a sushimaking workshop in Tokyo or doing a conscious safari at Bagh Villas in Madhya Pradesh, their family holiday is designed to be a rich and unique journey. And he’s not alone. Lalljee has noticed a shift among family and friends increasingly favouring “meaningful and immersive travel, where unique experiences take precedence over traditional tourist attractions”, he says. While private jets to Maldives, Switzerland and London are still popular, for many discerning highend travellers, the new definition of luxury travel is about seeking journeys that leave an imprint beyond social media feeds.

Subscribe to enjoy similar stories. The Indian budget announcement of a revamped model Bilateral Investment Treaty (BIT) to make it more investor-friendly is a delayed acknowledgement of the framework having failed to achieve its core objectives. Since its adoption in 2015, India has signed agreements with only five countries—Belarus (2018), Kyrgyzstan (2019), Brazil (2020), the UAE (2024) and Uzbekistan (2024), highlighting challenges in securing BITs with key trade partners and attracting foreign direct investment (FDI) flows.

visa appointment slots at high prices. This move aims to ensure that only genuine applicants can secure appointments without the need for middlemen.

Subscribe to enjoy similar stories. To fix accountability, the government is working on a plan to include the name of the person responsible for releasing a batch of medicines under the Drugs Rules, 1945, according to an official familiar with the matter. This comes against the backdrop of growing complaints about counterfeit and substandard drugs circulating in the market.

Eikhoigi Imphal International Film Festival (EIIFF)-2025' from February 6 to promote the art of cinema and position the state as a strategic hub for independent filmmaking.

Lal Bahadur Shastri, India's second Prime Minister, died in Tashkent, Uzbekistan, on January 11, 1966 after he signed the Tashkent Declaration, ending the 1965 India-Pakistan War. The official cause of death was a heart attack. However, the circumstances surrounding his death remain a mystery, with persistent rumors of poisoning.

US Immigration and Customs Enforcement deported more than 270,000 people to 192 countries, including India, over a recent 12-month period, the highest annual tally in a decade, according to a report released Thursday that illustrates some of the financial and operational challenges that President-elect Donald Trump will face to carry out his pledge of mass deportations. ICE, the main government agency responsible for removing people in the country illegally, had 271,484 deportations in its fiscal year ended Sept 30, nearly double from 142,580 in the same period a year earlier. It was ICE's highest deportation count since 2014, when it removed 315,943 people. The highest it reached during Trump's first term in the White House was 267,258 in 2019. Increased deportation flights, including on weekends, and streamlined travel procedures for people sent to Guatemala, Honduras and El Salvador fuelled the increase, ICE said. The agency had its first large flight to China in six years and also had planes stop in Albania, Angola, Egypt, Georgia, Ghana, Guinea, India, Mauritania, Romania, Senegal, Tajikistan and Uzbekistan.

Subscribe to enjoy similar stories. Just after 6 a.m. Tuesday, an explosion shattered the morning quiet on a residential street in Russia’s capital.

gold smuggling attempt involving three passengers on a flight from Almaty, Uzbekistan to Delhi after their suspicious behaviour during the journey raised alarms. The eagle-eyed staff onboard the flight alerted the captain who contacted customs officers at Delhi's IGI airport to intercept the passengers. The incident occurred aboard a flight en route to India, a three-and-a-half-hour late-night journey. While most passengers accepted meal services, three individuals repeatedly refused offerings from the air hostess, including water and tea. Their unusual stillness and abrupt refusals drew the air hostess’s attention, prompting her to inform the flight captain. Acting on her concerns, the captain alerted customs officials via air traffic control.

Lombard Odier — one of Switzerland's oldest private banks — was indicted by Swiss prosecutors for «aggravated money laundering.»

TORONTO — The trillion-dollar question these days is where the huge sums of money needed to address climate change are going to come from, especially for developing countries.

Kia India on Monday said it is eyeing markets in the Middle East and Africa as it aims to double the export of completely knocked down (CKD) units by 2030. To date, the automaker has exported one lakh units of CKD vehicles since it began shipments in June 2020 from its manufacturing facility at Anantapur in Andhra Pradesh. Kia India is one of the key export hubs for the South Korea-based Kia corporation, accounting for 50 per cent of the its CKD exports worldwide. In a statement, Kia India Chief Sales Officer Joonsu Cho said the automaker is grateful for the government's export-friendly policies, which have played a crucial role in strengthening country's position within the global automotive value chain.

The trillion-dollar question these days is where the huge sums of money needed to address climate change are going to come from, especially for developing countries.

Uzbekistan & Turkmenistan express interest to join International North South Transport Corridor (INSTC) to trade with India as the viable route to the Indian Ocean Region ahead of the BRICS Summit in Kazan that would among other matters lay emphasis on inclusive connectivity corridors. Uzbekistan in particular is keen to harness the full potential of INSTC as well as the Chabahar Port in the backdrop of the Bilateral Investment Treaty (BIT) signed in Tashkent on Friday during the visit of Finance Minister Nirmala Sitharaman. Uzbekistan has sent its first cargo to India via INSTC recently. “The BIT between India and Uzbekistan assures appropriate protection to Uzbekistan investors in India and Indian investors in Uzbekistan, in light of relevant international precedents and practices. It will increase the comfort level and boost the confidence of investors by assuring a minimum standard of treatment and non-discrimination, while providing for an independent forum for dispute settlement through arbitration,” according to a statement issued by the Indian government.

improvised explosive device, targeting a convoy of foreign diplomats, killed a policeman and injured three others in Pakistan's restive northwestern Khyber Pakhtunkhwa province on Sunday. The blast triggered through a remote hit the convoy that was travelling to the scenic mountainous Malam Jabba in Swat district from Islamabad. A senior police officer said that all the diplomats were safe. The convoy included diplomats from Russia, Vietnam, Bosnia and Herzegovina, Ethiopia, Rwanda, Zimbabwe, Indonesia, Uzbekistan, Turkmenistan, Kazakhstan and Portugal.

Comptroller and Auditor General (CAG) of India has signed a Memorandum of Understanding (MoU) with the supreme audit institution of Uzbekistan in Tashkent, it said in a statement. The agreement with the Chamber of Accounts of Uzbekistan aims to enhance collaboration and exchange expertise in auditing. Girish Chandra Murmu, the CAG of India, said investing in capacity building ensures that supreme audit institutions are well equipped to audit complex government programmes effectively, thereby “contributing to the development of more resilient and sustainable governance frameworks.”

Uzbekistan's beloved head boxing coach was revived from apparent cardiac arrest by two members of Britain's training staff after celebrating his team's first gold medal of the Paris Olympics, his fighters confirmed. The Uzbek team went on to win five golds — more than any Olympic team in the last 20 years — in tribute to Tulkin Kilichev, who is recovering in a Paris hospital. "(Kilichev) is more than a coach or a father, in fact," Bakhodir Jalolov said after winning his second super heavyweight gold medal. «He has raised us. He educated us. He has transmitted the sports spirit to us. He has been with me in my heart, and tomorrow we will be going to visit him in the hospital.» Kilichev fell ill backstage after flyweight Hasanboy Dusmatov won Uzbekistan's first gold medal Thursday. According to GB Boxing, team doctor Harj Singh and physical therapist Robbie Lillis found Kilichev in life-threatening distress. They performed CPR on the coach, and Lillis also used a defibrillator, the team said.

Jaishankar on Wednesday met UN chief Antonio Guterres and discussed global hotspots and their larger implications apart from the reform of the UNSC. Jaishankar, who is here to represent India at the annual summit of the Shanghai Cooperation Organisation and carrying out various bilateral meetings on the sidelines, also met his Belarusian and Tajikistan counterparts Maksim Ryzhenkov and Sirojiddin Muhriddin respectively. «Always a pleasure to meet UNSG @antonioguterres. Appreciate his insights on the state of the world. Discussed global hotspots and their larger implications,» Jaishankar posted on the social media platform X. He further said that he spoke about the reform of the United Nations Security Council (UNSC), preparations for the upcoming 'Summit of the Future' in September, and future prospects for meaningful India-UN partnership.