Which of the following statements with regard to the outcomes of the talks between the Prime Minister of India and the President of UAE held in February, 2024 is/are correct?

1. Both countries signed an agreement on inter-linking of domestic debit/credit cards.
2. An MoU was signed on cooperation in digital infrastructure projects.
3. Both countries agreed that a Bilateral Investment Treaty shall be signed in the next meeting at the ministerial level.

Select the correct answer using the code given below:

• (A) 1 and 2 only
• (B) 2 and 3 only
• (C) 1 only
• (D) 1, 2 and 3

During the visit of Prime Minister Narendra Modi to the UAE in February 2024, the following developments occurred:

• Card Interlinking: An agreement was signed to interlink India's RuPay and UAE's JAYWAN cards, based on the UPI/RuPay technology stack.
• Digital Infrastructure: A Memorandum of Understanding (MoU) was signed to promote cooperation and investment in digital infrastructure projects.
• Bilateral Investment Treaty (BIT): The BIT was formally signed during this visit (on February 13, 2024) to replace the older treaty and boost investor confidence. It was not deferred to a later meeting.

Thus, statements 1 and 2 are correct, making (A) the right option.