3. • Welfare fund, e-migrant portal for expats
I. Indian expats in trouble can now get financial help, including for
fighting legal cases, under a new scheme announced by Prime
Minister Narendra Modi as part of various measures for the welfare of
diaspora.
• UAE to help India develop strategic petroleum reserves
I. A joint statement by the two governments said the UAE would help
India develop strategic petroleum reserves in addition to its upstream
and downstream petroleum sectors.
4. • Trade between India and the UAE reached $60 billion last year.
I. India is the UAE's second-largest trading partner and the UAE is
India's third largest, behind the US and China, according to the
Indian Embassy.
• UAE backs India for a permanent seat for the UN Security Council
I. 'The UAE said that they will support India in our bid for a
permanent seat for the UN Security Council,' PM Narendra said.
5. • 'MADAD'
I. PM Narendra Modi noted that Indian mission in UAE has set up an e-
migrant portal to help Indian migrant workers and an online platform
'MADAD' to assist the diaspora.
• UAE's $75 billion investment
I. PM Narendra Modi gave a rousing speech to tens of thousands of
Indian expatriates in Dubai, telling them leaders in the United Arab
Emirates have promised to invest $75 billion in India.
The money would be distributed through the establishment of the
UAE-India Infrastructure Investment Fund, which will support the
building of railways, ports, roads, airports and industrial corridors,
according to a joint statement released by the crown prince and Modi.