Lagatar24.com
Language : HINDI
  • Home
  • Jharkhand
  • Bihar
  • National & World
  • Business
  • Health & Lifestyle
  • Sports
  • Entertainment
  • Career
  • Tech – Gyan
  • Opinion
Tuesday, 8 July, 2025
Lagatar24.com
  • Home
  • Jharkhand
  • Bihar
  • National & World
  • Business
  • Health & Lifestyle
  • Sports
  • Entertainment
  • Career
  • Tech – Gyan
  • Opinion
Lagatar24.com
No Result
View All Result
  • Home
  • Jharkhand
  • Bihar
  • National & World
  • Business
  • Health & Lifestyle
  • Sports
  • Entertainment
  • Career
  • Tech – Gyan
  • Opinion
Home National & International

How Important Is Cyprus: Understanding Its Global Significance

Lagatar News by Lagatar News
June 17, 2025
in National & International
Share on FacebookShare on Twitter

Lagatar24 Desk

New Delhi: Prime Minister Narendra Modi is currently on a foreign tour visiting three nations, with Cyprus being his first stop. During this visit, Cyprus honored PM Modi with its highest civilian award, which has sparked excitement within the BJP ranks. Social media is abuzz, with BJP leaders highlighting how many nations have bestowed such honors on Modi, while Congress leaders counter by citing how many countries issued stamps in Jawaharlal Nehru’s name. Amidst these political debates, it’s worth understanding how significant Cyprus is for India.

A Small European Nation With Limited Scale

Cyprus is a small European country with a population of just 1.34 million, ranking 161st globally. In comparison, over 100 cities in India have larger populations. Gaining independence on August 16, 1960, Cyprus has its capital in Nicosia. Greek and Turkish are the primary languages spoken there.

Currently, Cyprus has a GDP of $22.703 billion, with a per capita income of $29,830, placing it 29th globally in income rankings.

Limited Economic Ties With India

Veteran journalist Sheetal P Singh points out that bilateral trade between India and Cyprus stands at approximately ₹1,200 crore annually. To put it in perspective, this amount is even lower than the BJP’s reported annual operating expenditure and falls short of the Uttar Pradesh government’s state advertisement budget.

A Hub For Controversial Financial Activities

Cyprus has long been a preferred destination for financial dealings due to its tax-friendly regime. Until a few years ago, it did not levy any capital gains tax, making it a popular haven for Indian officials and businessmen looking to park unaccounted wealth abroad. Even today, Cyprus is linked to numerous individuals accused of illegally channeling money out of India and legalizing it through complex financial structures.

Connections To The Adani Controversy

Interestingly, Gautam Adani’s elder brother, Vinod Adani, has significant business interests in Cyprus. Vinod Adani was named by the Hindenburg report as a key figure in alleged money laundering activities involving the Adani Group.

Share76Tweet47
Previous Post

Middle East Tensions: Trump Urges Evacuation Of Tehran, Global Markets React With Rising Oil Prices

Next Post

PM Modi, Trump Hold 35-Minute Call, Discuss Operation Sindoor, Reject Mediation and Trade Deal Speculation

Related Posts

Texas Floods: Death Toll Rises to 52; Desperate Search for 27 Missing Girls

Texas Floods: Death Toll Rises to 52; Desperate Search for 27 Missing Girls

July 6, 2025
India Feels ‘Blessed by His Presence’: Rijiju Attends Dalai Lama’s 90th Birthday

India Feels ‘Blessed by His Presence’: Rijiju Attends Dalai Lama’s 90th Birthday

July 6, 2025
Elon Musk Launches ‘America Party’, Hints at Election Plans Despite Ineligibility

Elon Musk Launches ‘America Party’, Hints at Election Plans Despite Ineligibility

July 6, 2025
SC Admin Writes to Centre Over Ex-CJI Chandrachud Overstaying in Official Bungalow

SC Admin Writes to Centre Over Ex-CJI Chandrachud Overstaying in Official Bungalow

July 6, 2025
Congress Recalls Manmohan Singh’s BRICS Legacy as PM Modi Attends Rio Summit

Congress Recalls Manmohan Singh’s BRICS Legacy as PM Modi Attends Rio Summit

July 6, 2025
PM Modi Hails T&T Counterpart as ‘Bihar ki Beti’, Celebrates Ancestral Ties

PM Modi Hails T&T Counterpart as ‘Bihar ki Beti’, Celebrates Ancestral Ties

July 4, 2025
Load More
  • About Editor
  • Advertise with us
  • Privacy Policy
  • Contact Us

© 2024 Lagatar News (Lagatar24.com)

No Result
View All Result
  • Home
  • Jharkhand
  • Bihar
  • National & World
  • Business
  • Health & Lifestyle
  • Sports
  • Entertainment
  • Career
  • Tech – Gyan
  • Opinion

© 2024 Lagatar News (Lagatar24.com)