India and the UK are set to relaunch free trade agreement talks next month under Keir Starmer's Labour Party, facing critical challenges including unresolved issues and shifting political priorities
FTAs need to take a holistic view of the commercial significance they hold for the country and emphasise the importance of looking at goods, services, and investment together
The government is closely assessing Trump's election speeches and actions during his previous tenure, the official told Business Standard
The Union minister's comments come amid apprehensions that the new US administration may impose some tariffs on Indian goods
He called for a greater collaboration with France in the defence sector and also underlined that India's robust patent-protected regime does not insist on technology transfer
Issues like labour, environment remain tricky as talks may begin in Jan
The Indian currency has held its position as one of the least volatile among major currencies, and the forex reserves stand at about $675 billion-among the five largest in the world, the minister said
Calls on industry leaders to partner government in easing compliance and decriminalising biz laws
Thakur noted that the plan aligns with the government's Ease of Doing Business (EoDB) agenda and India's goal of achieving carbon Net Zero by 2070
Announcement follows first meeting between Prime Minister Modi and his British counterpart during G-20 summit in Brazil
The government has disbursed close to Rs 4,000 crore or around a fourth of its annual subsidy payment estimate to the eligible beneficiaries under the 14 PLI schemes
The caveat assumes significance in context of the govt's announcement of its plan in Aug 2023 to issue licences for import of select IT hardware products to reduce the country's dependence on China
Government officials said that the negotiations were completed earlier in March and revising India's offer would mean restarting inter-ministerial consultations to firm up India's revised stance
Out of India's top 10 import partners, inbound shipments from the United Arab Emirates (UAE) grew at the fastest pace in October
Since 2001, the US has shown a steady and growing demand for goods from India, with imports rising significantly
Trade deficit widens to $27 bn as imports hit a high
The government is seeking to revive a decade-old proposal to streamline FTA negotiations, especially in the backdrop of imbalanced deals with a couple of trade partners
According to Sitharaman, she has the responsibility to protect existing domestic companies producing goods locally, while balancing the needs of those dependent on imports
Forum director emphasises 'big potential' of rupee-rouble trade between both nations
The government's policy decision aims to avoid hurting the local industry by imposing higher import duty on key raw materials or intermediate goods from the trade bloc