Page 14 - India Uk

Diwali an auspicious date to sign India-UK FTA: British High Commissioner

Currently, both countries are at the last leg of negotiations towards a trade deal that kick-started in January

'Signing India-UK free trade pact will be best way to celebrate Diwali'

The best way to celebrate Diwali will be to have a good free trade agreement between India and the United Kingdom, British High Commissioner to India Alex Ellis said on Tuesday. He observed that the free trade agreement (FTA) will lead to creation of more jobs, growth and opportunities for both India and the UK. Speaking on the sidelines of an event, he asserted that there was "high ambition" to complete the India-UK FTA by Diwali -- a deadline set earlier by both nations -- and added "that would be an auspicious date". Asked if one could expect a 'Diwali Dhamaka' for India in relation to the FTA, the British High Commissioner quipped, "I hope so." Earlier addressing an Assocham conference, Ellis said: "We have the aim to finish the FTA by Diwali." Speaking at the conference, Joint Secretary in the Commerce and Industry Ministry Rajendra Ratnoo said leaders from the countries "are very very committed towards this FTA and have set a very, very ambitious goal of gifting to the peopl

Indian industry welcomes UK's timely Scale-up Visa to attract professionals

Indian industry on Thursday welcomed the UK's new Scale-up Visa, which is aimed at attracting more skilled professionals from around the world, including India. The Federation of Indian Chambers of Commerce and Industry (FICCI) said the UK Home Office announcement directed at high-growth businesses to access a worldwide talent pool to boost their scale-up ambitions are well timed and likely to benefit many Indian businesses and also help UK companies tap into the vast Indian talent pool. Companies, including small businesses and those in the tech and financial services sectors that have achieved growth of 20 per cent or more in either employment or turnover year-on-year for at least three years and employed a minimum of 10 people at the start of those three years are eligible to sponsor workers under the new route. In the last few years, India has seen a large number of rapidly growing businesses from tech and financial services expand into the UK, said FICCI Director General Arun .

UPI expands; Indian flyers to UK to enjoy hassle-free digital transactions

Expanding further outside India, the indigenously developed real-time payments solution UPI will foray into the UK market starting with QR code-based transactions. The NPCI International Payments Ltd (NIPL) has forged a partnership with payments solutions provider PayXpert to internationalise the acceptance of its payment solutions in the UK. NIPL is the wholly-owned subsidiary of National Payments Corporation of India (NPCI) which developed the world's largest real-time payment solution the Unified Payments Interface (UPI) and the RuPay card scheme. "This collaboration will make the Indian payment solutions available in the UK on all PayXpert's android point-of-sale (POS) devices for in-store payments, starting with UPI-based QR code payments and later integrating the possibility for RuPay card payments," NPCI said in a release on Thursday. Counted as one of the most successful Real-Time Payments (RTP) systems globally, UPI clocked a volume of USD 940 billion (39 billion ...

Huge opportunity for business in India's fintech space, says UKIBC

Negotiations for a trade deal between both nations started in January this year, and the deal is expected to be signed by Diwali

India-UK trade likely to double by 2030: Grant Thornton-CII report

The UK is likely to look at reducing tariffs on products such as apples, UK-manufactured medical devices and machinery

India, UK NSAs discuss regional security, cooperation in defence sector

National Security Adviser Ajit Doval met his United Kingdom counterpart Stephen Lovegrove and discussed a wide range of subjects of bilateral and global significance, government sources said

India-UK ink agreement for mutual recognition of educational degrees

Professional degrees not covered, India to negotiate for inclusion

India-UK trade pact negotiations to be concluded by Aug-end: Commerce Secy

Negotiations for the India-UK free trade agreement will be concluded by August 31 and ready for signing by Diwali in October, Commerce Secretary BVR Subrahmanyam said on Thursday.

No indication about Johnson resignation's impact on India-UK FTA talks

There are no immediate indications about the impact of the recent political developments in Britain on the advanced India-UK negotiations for a free trade agreement, an official said

UK politics likely to push back FTA talks with India beyond Diwali

Keen to set its own economic course after Brexit, the UK was eager to quickly finalise a trade deal with India

ICICI Bank, UK's Santander sign MoU to ease corporate banking at both ends

The partnership is aimed at serving the banking needs of the corporate ecosystem in the growing UK-India corridor, the banking executive noted.

India, UK bodies set up a new joint commission to push the trade deal

In a recent visit to India, UK Prime Minister Boris Johnson announced that the FTA was likely to be completed in October

A favourable moment

India should close trade deal with UK by targeted date

Amid UK PM's visit, China hopes India will maintain distance with the West

Even as it is almost certain that India will not give up its independent foreign policy, the visits and their outcomes are being scrutinised with a fine toothcomb

India and UK set Diwali deadline for concluding free trade pact

No pressure from UK over India's stand on Russia, says Shringla

PM Modi holds talks with Boris Johnson on defence, trade and clean energy

UK said it will offer India the best of British know-how on building battle-winning aircraft and support the country's requirements for new technology

Boris Johnson visit gives momentum to India-UK ties: British industry chief

Lord Karan Bilimoria, the Indian-origin president of the Confederation of British Industry, is in New Delhi for the business-level interactions scheduled as part of the prime ministerial visit

Ashok Leyland arm lines up £300-million electric vehicle investment

"We are delighted that the Prime Minister has commended the investment Switch is making to become a leader in electric transportation as an example of the benefits of UK-India collaboration

UK PM Johnson facing new 'partygate' claims ahead of India visit

British Prime Minister Boris Johnson is facing new allegations around partygate, and will be hoping to escape some of the heat when he leaves for India on Thursday