Page 193 - Economy

FTA with UK to help double garment exports to Britain in 3 years: AEPC

India is the fourth largest supplier of garments with a 6.1 per cent share of the total RMG import of the UK

UK access to India's procurement may hurt MSMEs, Make in India, warns GTRI

After the UAE, India has opened its central government procurement (GP) for British companies under the free trade agreement (FTA) announced on Tuesday, subject to certain conditions

India opens central govt procurement to UK firms under new trade pact

The official said British firms would be allowed to participate in the procurement of goods and services of the non-sensitive central-level entities only

UK dismisses idea that British workers being 'sold out' in India trade deal

British opposition parties accused the government of signing up to a deal that would unfairly benefit India

No duty cuts by India on diamond, smartphones, fibres in UK trade pact

India seals FTA with UK but keeps duty shield on EVs, smartphones, diamonds, and other key goods to protect domestic industry and manufacturing base

India's exports to US hit record high in March amid 90-day tariff pause

The US trade deficit soared to a record $140.5 billion in March, up from $123.2 billion in February as firms rush to stockpile imports before new tariff hikes take effect

India reserves right to retaliate if UK carbon tax hits exports: Official

UK government in December 2023 decided to implement its Carbon Border Adjustment Mechanism (CBAM) starting 2027

India, UK seal free trade deal; PM Modi calls it 'historic milestone'

Duplication of social security contributions to be nixed too

India-UK FTA: Double contribution convention pact to help Indian IT firms

IT industry body Nasscom said securing the DCC within the India-UK FTA is a crucial step and a big win for the Indian IT industry

India-UK FTA: From auto to textiles, India Inc hopes to reap benefits

Medical-device makers apprehensive due to the China factor

Rupee weakens 18 paise as foreign banks buy dollars, Asian currencies slip

The rupee fell to 84.44 against the dollar as foreign banks stocked up on greenbacks and Asian currencies weakened, with losses capped by a dip in the dollar index

ITAT body raises concern over high pendency of cases at Delhi Benches

The Bar association claimed that Delhi has the "highest pendency" of cases among ITAT Benches, many involving complex legal issues and high revenue stakes

Longer call money trading hours likely to address liquidity mismatch

The RBI has proposed extending call money trading hours to 7 PM from 5 PM to better align liquidity with 24x7 payment systems and address mismatches in fund flows

Sustainable business practices: Navigating India's ESG, energy transition

Mandatory ESG norms mark a shift towards stakeholder capitalism, reflecting global trends in climate governance and moving beyond shareholder- and state-driven business models

India-EU FTA our priority, possible by December-end: FM Nirmala Sitharaman

India has taken a long-term approach towards building its supply chains keeping in mind its strategic strengths and capacities are leveraged, says FM

Services sector growth improves in April, helped by new orders: PMI

Companies report 'faster expansion' in employment to meet increased demand

India's services PMI hits 58.7 in April, export orders drive modest growth

India April 2025 Services PMI: Composite PMI, which combines manufacturing and services PMI, improves to 59.7, up from 59.5 in March

Moody's cuts India's GDP forecast to 6.3% in 2025 on US trade uncertainty

Stating that policy uncertainty is further slowing growth in 2025, Moody's said it is likely to take a toll on consumer, business, and financial activity

No Pakistan-related issues discussed: ADB on meeting with FM Sitharaman

Finance Ministry officials also said that there was no discussion on issues related to Pakistan with ADB President and the Italian Finance Minister

Datanomics: India's investment treaties progress in bits and pieces

Objectives of these agreements are to promote and protect investments through a stable legal environment for investors from both countries