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New Delhi, Oct 17 (SocialNews.XYZ) Commerce and Industry Minister Piyush Goyal said on Friday that India has undergone a significant shift in recent years and that it now negotiates from a position of strength, reflecting the country's growing economic confidence and global stature in terms of India's approach to Free Trade Agreements (FTAs) and other trading arrangements. Addressing the annual conference and 105th annual general meeting of Assocham in New Delhi, Goyal said the country is now e ...Read More >
New Delhi: India and Brazil on Thursday agreed to deepen their economic engagement by expanding the scope of their Preferential Trade Agreement (PTA) under the Mercosur framework. As a part of this effort, the two countries have set a new bilateral trade target of $20 billion by 2030, up from $12 billion in 2024. At the India-Brazil Business Dialogue in New Delhi, Brazil's Vice President and Minister for Development, Industry, Trade & Services, Geraldo Alckmin, said the two nations were "comple ...Read More >
Mumbai: The rupee appreciated 21 paise to 87.75 against the US dollar in early trade on Friday, supported by a softer American currency against major currencies and likely intervention by the Reserve Bank of India.Forex traders said renewed foreign fund inflows and lower crude oil prices boosted investor sentiment further. At the interbank foreign exchange market, the rupee opened at 87.91 and then gained ground and touched an early high of 87.75 against the US dollar, registering a gain of 21 ...Read More >
He added: "Indian companies source energy supplies from around the world while taking overall market conditions into account. We would stress that there should be no double standards, especially when it comes to energy trade." Nayara Energy has come under the lens of Western governments given that 49.13 percent of the Indian company is owned by Russia's petroleum giant Rosneft. Nayara, formerly Essar Oil Ltd, operates a refinery at Vadinar in Gujarat, which was hit with sanctions by the Europea ...Read More >
New Delhi: A team of senior officials from India will visit the US this week for trade talks, and negotiations on the proposed bilateral trade agreement are progressing well, a top official said Monday. In February this year, leaders of the two countries directed officials to negotiate a proposed Bilateral Trade Agreement (BTA). It was planned to conclude the first tranche of the pact by the fall (October-November) of 2025. So far, five rounds of negotiations have been completed. "The Indian ...Read More >
Martin Saladin, Head of Promotion Activities Directorate at State Secretariat for Economic Affairs Martin Saladin, Head of the Promotion Activities Directorate at the State Secretariat for Economic Affairs, SECO, the Swiss government, on Wednesday said that Switzerland is shifting its focus towards India as a strategic economic partner amid the US trade tariffs. On US tariffs, Saladin said, "This is a concern. Obviously, Switzerland has also very high tariffs at the moment with 39 per cent. Th ...Read More >
New Delhi, Oct 16 (PTI) India has implemented a number of free trade agreements with developed nations and is in active dialogue for such pacts with nations including the US, Oman, and the EU, Commerce and Industry Minister Piyush Goyal said. India has implemented trade pacts with Australia, the UAE and EFTA bloc. It has also signed an agreement with the UK. "We have done free trade agreements (FTAs) with many developed countries in the last three years...We are in active dialogue with the US, ...Read More >
New Delhi, Oct 16 (PTI) BJP president and Union minister J P Nadda on Thursday met former UK prime minister Rishi Sunak and shared insights into the party's organisational strength and its people-centric approach to governance and political engagement. Welcoming Sunak to India, Nadda said his tenure as prime minister infused new warmth and momentum into India-UK relations. During the meeting, which was part of the ruling party's 'Know BJP' initiative, Nadda also appreciated Sunak's leadership ...Read More >
"India is a significant importer of oil and gas. It has been our consistent priority to safeguard the interests of the Indian consumer in a volatile energy scenario. Our import policies are guided entirely by this objective. Ensuring stable energy prices and secure supplies have been the twin goals of our energy policy. This includes broad-basing our energy sourcing and diversifying as appropriate to meet market conditions," the statement read. On Wednesday night, Trump told reporters at an Ova ...Read More >
The chartered accountants' apex body is set to propose financial and regulatory measures to help Indian Multi-Disciplinary Partnership (MDP) firms scale globally, leveraging government support and free trade agreements. How will it enable funding for MDPs? What regulatory reforms are needed to support growth? Which global opportunities can Indian MDPs tap through trade agreements? Here is what ICAI said. The Institute of Chartered Accountants of India (ICAI) is preparing a report to guide the f ...Read More >
A team from India is currently in the U.S. to discuss issues relating to tariffs, according to Commerce Secretary Rajesh Agrawal. However, due to the ongoing shutdown in the U.S. government, it is not "the right time" to hold the next official round of negotiations on a Bilateral Trade Agreement (BTA), he said. Mr. Agrawal, currently still the Chief Negotiator for India on the BTA, further said that India would be "very happy" to increase its energy imports from the U.S. The U.S. government is ...Read More >
New Delhi [India] October 15 (ANI): After the 14th round of Free Trade Agreement (FTA) negotiations, India-EU FTA negotiations have entered an advanced stage, as both sides intensify discussions to resolve key issues and accelerate the agreement's conclusion.According to the Commerce Ministry, India's trade diplomacy is gaining momentum, with other countries also following suit. India is negotiating multiple bilateral trade deals, including those with the UK, Australia, the US, Korea, and others ...Read More >
But he said there were no plans to open up more visa routes to Indian workers or students. "The issue is not about visas," Sir Keir said. "It's about business to business engagement and investment and jobs and prosperity coming into the United Kingdom." The UK's trade deal with India was signed in July after years of negotiation. It will mean UK cars and whisky will be cheaper to export to India, and Indian textiles and jewellery cheaper to export to the UK as part of the multi-billion pound ...Read More >
Vodafone Idea share price: Vodafone Idea has approached the Supreme Court to quash the DoT's Rs 9,450 crore AGR demand, citing inconsistencies with earlier guidelines. The telco also seeks reassessment of dues up to FY17. Vodafone Idea shares will be in focus on Monday, October 6, as the Supreme Court is scheduled to hear the telecom operator's plea seeking quashing of the Department of Telecommunications' (DoT) additional adjusted gross revenue (AGR) demand amounting to Rs 9,450 crore. The te ...Read More >
Mumbai (Maharashtra) [India] October 9 (ANI): United Kingdom Prime Minister Keir Starmer on Thursday called for a "hands-on" approach in implementing trade and investment deals between the UK and India, emphasising that his government aims to work closely with industry leaders to ensure tangible outcomes from the Free Trade Agreement (FTA) and other bilateral partnerships. Addressing a high-profile business forum attended by Prime Minister Narendra Modi and top CEOs from both countries, Starmer ...Read More >
Keir Starmer, who has just embarked on a keenly-watched India visit, has been accompanied by more than 100 business leaders from Britain. According to some reports, this is the largest-ever trade mission from the UK to India. The stated aim of the delegation is to boost the 2025 Free Trade Deal between India and UK, with a target taking bilateral trade to $100 billion by 2030. The UK Prime Minister arrived in Mumbai on Wednesday ahead of his scheduled meeting with Prime Minister Narendra Modi. ...Read More >
NEW DELHI: British Prime Minister Keir Starmer, on a two-day visit to India, has termed the recently signed India-UK Free Trade Agreement the "best secured trade deal in British history" -- a landmark pact he described as a turning point in bilateral relations. Positioning the deal as a catalyst for a new era of economic and strategic ties, Starmer vowed to fast-track its implementation "as soon as humanly possible," a day ahead of his bilateral talks with Prime Minister Narendra Modi in Mumbai ...Read More >
British Prime Minister Keir Starmer will visit India on 8-9 October, the Ministry of External Affairs said in a statement on Saturday. This will be Prime Minister Starmer's first official visit to India. According to MEA's statement, PM Modi and Starmer will take stock of progress in diverse aspects of the India-UK Comprehensive Strategic Partnership in line with 'Vision 2035'. "At the invitation of Hon'ble Prime Minister Shri Narendra Modi, Prime Minister of the United Kingdom the Rt Honourab ...Read More >
New Delhi, Oct 6 (Prensa Latina) Indian Minister of Commerce and Industry Piyush Goyal traveled to Doha to co-chair the meeting with Sheikh Faisal bin Thani bin Faisal Al Thani, his Qatari counterpart, on trade and to discuss new actions to boost bilateral trade. Goyal's visit underscores the importance India places on its trade and investment ties with Qatar, one of the most important trading partners in the Gulf Cooperation Council (GCC), with bilateral trade estimated at more than US$14 bill ...Read More >
Indian and EU officials will commence their 14th round of free trade agreement talks in Brussels on Monday, aiming to resolve differences and conclude negotiations by December. Commerce Minister Piyush Goyal is hopeful for an early agreement, which seeks to boost bilateral commerce and investments. Senior officials of India and the 27-nation European Union (EU) will commence the next round of talks for a proposed free trade agreement on Monday in Brussels to iron out differences on issues for e ...Read More >
NEW DELHI, Sept 30 (Reuters) - India's trade pact with four European nations, including Switzerland and Norway, will take effect from Wednesday, boosting exports of textiles, leather and food products while attracting investments, a government statement said. Under the Trade and Economic Partnership Agreement, opens new tab, signed last March after nearly 16 years of negotiations, the European Free Trade Association - comprising Switzerland, Norway, Iceland and Liechtenstein - will cut tariffs ...Read More >
New Delhi, Oct 1 (PTI) India will not only attract USD 100 billion committed investments from the four-nation EFTA bloc under a trade agreement, but also look at an additional USD 150 billion, Commerce and Industry Minister Piyush Goyal said on Wednesday. He said that huge opportunities are there for companies from these four countries to invest in India. Under the India-EFTA trade and economic partnership agreement (TEPA), New Delhi has received a commitment of USD 100 billion FDI from EFTA o ...Read More >
Lucknow: Senior Samajwadi Party leader and former minister Gayatri Prajapati was attacked by a fellow inmate inside Lucknow Jail on Tuesday. The scuffle took place within the jail premises, after which prison authorities launched an internal inquiry. According to a statement issued by Dr Ramdhani, DIG Prisons, Lucknow Range, the incident occurred after Prajapati allegedly used abusive language towards another inmate, Vishwas Rajput. In response, Vishwas attacked Prajapati using a sharp object i ...Read More >
New Delhi, Oct 1 (PTI) Swiss State Secretary for Economic Affairs Helene Budliger Artieda on Wednesday pitched for a bilateral investment treaty with India, following the USD 100 billion investment commitment by EFTA nations under a new trade pact. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. The free trade agreement between India and the four-nation European bloc EFTA came into force on Wednesday, under which the country has received ...Read More >
New Delhi, Oct 1 (PTI) Swiss State Secretary for Economic Affairs Helene Budliger Artieda on Wednesday pitched for a bilateral investment treaty with India, following the USD 100 billion investment commitment by EFTA nations under a new trade pact. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. The free trade agreement between India and the four-nation European bloc EFTA came into force on Wednesday, under which the country has received ...Read More >
New Delhi, Oct 1 (PTI) The free trade agreement between India and the four-nation European bloc EFTA came into force on Wednesday, under which the country has received an investment commitment of USD 100 billion over 15 years, while lowering or removing duties on products like Swiss watches and chocolates. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. It was signed on March 10, 2024. Commerce and Industry Minister Piyush Goyal said the ...Read More >
Rajesh Agrawal assumed charge as Secretary, Department of Commerce, on Wednesday. He succeeded Sunil Barthwal, who retired September 30. Agrawal has three decades of experience in governance. He previously oversaw India's trade negotiations with various countries. He was chief negotiator for the India-US Bilateral Trade Agreement. He also managed export promotion for agriculture and allied sectors. Senior IAS officer Rajesh Agrawal on Wednesday assumed charge as Secretary, Department of Commerc ...Read More >
New Delhi, Oct 1 (IANS) Rajesh Agrawal, a 1994-batch IAS officer, has taken over as the new Secretary of the Department of Commerce, Ministry of Commerce and Industry, it said on Wednesday. Agrawal is a seasoned administrator with nearly three decades of experience in governance, policy making and implementation across several sectors, including skilling, human resource development, apprenticeship, power, fertiliser, agriculture, and MSMEs. He played a key role in shaping India's skill develop ...Read More >
New Delhi, Oct 1 (PTI) The free trade agreement between India and the four European nations bloc EFTA has come into force, Commerce and Industry Minister Piyush Goyal said on Wednesday. He said the pact will unlock new opportunities for trade, investment and job creation, benefiting people and businesses. "Truly a historic day, as the India-EFTA Trade and Economic Partnership Agreement (TEPA) comes into force," he said in a post on X. Head of the Swiss Federal Department of Economic Affairs, ...Read More >
New Delhi: With export diversification at the top of India's trade agenda, commerce and industry minister Piyush Goyal is set to embark on a three-nation tour in October -- Singapore, Qatar and South Africa -- to push Indian goods into new markets and also advance talks on the long-pending India-European Union (EU) free trade agreement on the sidelines, two senior government officials said. Goyal will travel to Singapore in the first week of the month, followed by Qatar, and then South Africa f ...Read More >
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