Fta

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Union Budget 2021: Centre may address inverted duty structure for steel products to boost manufacturing, say sources
India

Union Budget 2021: Centre may address inverted duty structure for steel products to boost manufacturing, say sources

Inverted duty structure impacts the domestic industry as manufacturers have to pay more for raw material in terms of duty, while the finished product lands at lower duty and cost

S Jaishankar suggests free trade talks with EU stuck due to bloc's reluctance
India

S Jaishankar suggests free trade talks with EU stuck due to bloc's reluctance

The talks for the FTA have been stalled since May 2013 when both sides failed to bridge substantial gaps on crucial issues, including on data security status for the IT sector

India should heed appeal by RCEP members to return to negotiating table; then battle hard for equitable deal
India

India should heed appeal by RCEP members to return to negotiating table; then battle hard for equitable deal

On Wednesday, representatives from ASEAN, along with Japan, New Zealand, South Korea, Australia and China participated virtually in the 10th RCEP inter-sessional ministerial meeting

Budget 2020: Indirect tax proposals may take Make in India theme forward; customs electronic duty credit ledger a milestone
Business

Budget 2020: Indirect tax proposals may take Make in India theme forward; customs electronic duty credit ledger a milestone

The GST rule is sought to be amended to trigger imposition of penalties against persons ‘causing and benefitting’ fraudulent input tax credit.

Piyush Goyal says commerce ministry will review free trade agreements to protect interests of industry and traders
India

Piyush Goyal says commerce ministry will review free trade agreements to protect interests of industry and traders

Addressing domestic traders, Piyush Goyal said India also decided to walk out from the Regional Comprehensive Economic Partnership agreement keeping in view the interest of small traders and dairy industry.

India well-poised to attract investments that move out of China; tax reforms to ensure foreign fund inflows: Piyush Goyal
Business

India well-poised to attract investments that move out of China; tax reforms to ensure foreign fund inflows: Piyush Goyal

Speaking at the India Economic Conclave 2019, he said the tax reforms introduced by the government recently will ensure investments come back to India.

Samsung to restart manufacturing TVs in India early next year after govt rolls back custom duty on display panels
Business

Samsung to restart manufacturing TVs in India early next year after govt rolls back custom duty on display panels

Samsung is also in discussions with other contract manufacturers to meet the demand in the Indian market as the company is the largest player in the segment

After India opts out of China-led RCEP, Piyush Goyal says India supports FTA with European Union
India

After India opts out of China-led RCEP, Piyush Goyal says India supports FTA with European Union

India should hold talks with the European Union for a free trade agreement, Piyush Goyal said, a day after it refused to join a China-backed regional trade pact for fear of a flood of cheap Chinese imports.

India decided not to join RCEP in national interest, reviewing other FTAs: Piyush Goyal
Business

India decided not to join RCEP in national interest, reviewing other FTAs: Piyush Goyal

India stood its ground at RCEP negotiations and in the national interest decided not to join the China-led mega-trade pact, said Commerce and Industry Minister Piyush Goyal on Tuesday

From mocking Sonia Gandhi to praising Narendra Modi, Piyush Goyal's views on RCEP membership mark quite the U-turn
India

From mocking Sonia Gandhi to praising Narendra Modi, Piyush Goyal's views on RCEP membership mark quite the U-turn

However, Goyal's tweets stand out because his position was a virtual volte-face merely from two days ago when he mocked Congress president Sonia Gandhi on the issue and had also supported India joining RCEP, a proposed alternative to the western hegemony on world trade

Narendra Modi meets Shinzo Abe on sidelines of 35th ASEAN Summit in Bangkok for delegation-level meeting
India

Narendra Modi meets Shinzo Abe on sidelines of 35th ASEAN Summit in Bangkok for delegation-level meeting

Along with PM, EAM S Jaishankar, Commerce and Industry minister Piyush Goyal and other dignitaries attended the meeting

Black money issue: Switzerland steps up process to share information on bank accounts; 11 Indians get notices in a day
Business

Black money issue: Switzerland steps up process to share information on bank accounts; 11 Indians get notices in a day

Switzerland was widely known as an alleged safe haven for black money before it bowed down before the global pressure and agreed to bring down the famed secrecy walls

About 200 US companies seek to move manufacturing base from China to India, says US advocacy group
Business

About 200 US companies seek to move manufacturing base from China to India, says US advocacy group

The US-India Strategic and Partnership Forum's president said the companies are talking to them about how to set up an alternative to China

India hopes to sign free trade pact with European Union in 'foreseeable future'; exports likely to reach peak level this year
Business

India hopes to sign free trade pact with European Union in 'foreseeable future'; exports likely to reach peak level this year

In 2013-14, the country's merchandise exports touched $314.4 billion level. After that, exports came under immense pressure again due to global slowdown.

Black money: Swiss government agrees to share details of two Indian firms, 3 individuals facing multiple probes
Business

Black money: Swiss government agrees to share details of two Indian firms, 3 individuals facing multiple probes

As per separate gazette notifications of the Swiss government, the country's federal tax department has agreed to provide 'administrative assistance' to India on requests made about Geodesic Ltd and Aadhi Enterprises Private Ltd.

E-commerce policy soon, says Suresh Prabhu; expresses optimism on Ease of Doing Business rankings next fiscal
Business

E-commerce policy soon, says Suresh Prabhu; expresses optimism on Ease of Doing Business rankings next fiscal

Suresh Prabhu said that the policy which was initially drafted by industry stakeholders was currently awaiting for clearance from the Department of Industrial Policy and Promotion.

India should build ties and rescue Maldives from China’s debt trap, challenge Beijing's might in the Indian Ocean
World

India should build ties and rescue Maldives from China’s debt trap, challenge Beijing's might in the Indian Ocean

Beijing would again try to re-establish its clout in Maldives through the debt-trap diplomacy. The Modi government should, therefore, come out with a long-term plan for infrastructure development in Maldives.

United States to evaluate Pakistan's bailout request from IMF on merit, says state department
World

United States to evaluate Pakistan's bailout request from IMF on merit, says state department

The US will evaluate on merit a bailout package sought by Pakistan from the International Monetary Fund, the state department said Thursday.

Pakistan's proposed bailout by IMF offers India, US strategic opportunity to reign in ISI and army
World

Pakistan's proposed bailout by IMF offers India, US strategic opportunity to reign in ISI and army

This is an opportunity to read the riot act to the Pakistan Army and the delinquent intelligence service ISI

Pakistan government plans to renegotiate agreements reached under China's Belt and Road Initiative: Report
World

Pakistan government plans to renegotiate agreements reached under China's Belt and Road Initiative: Report

Imran, who was elected on a platform of anti-corruption and transparency, in the past had criticised jailed former prime minister Nawaz Sharif for the lack of transparency and corruption in the CPEC projects