India, Singapore to set up body to strengthen trade
India and Singapore on Tuesday decided to set up a Finance Dialogue to strengthen the bilateral trade and economic ties. The body will be co-chaired by Finance Minister Arun Jaitley and Deputy Prime Minister of Singapore Tharman Shanmugaratnam. Notably, the trade between the two countries had declined to $15.02 billion in 2015-16 from $16.93 billion in the previous financial year.