India, US talk restoration of GSP, withdrawal of tariffs

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India, US talk restoration of GSP, withdrawal of tariffs

India is in talks with the US for restoration of Generalised System of Preferences (GSP), mutual withdrawal of their disputes at the World Trade Organization and removal of higher tariffs on steel and aluminium by Washington, as the two sides work to resolve their bilateral trade differences. We have been discussing various issues with the […]

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President Ram Nath Kovind holds bilateral talks with Iceland president

President Ram Nath Kovind on Tuesday thanked the Iceland government for understanding India’s core concerns as he held talks with the country’s president on strengthening bilateral political ties and economic partnership. In a press statement after holding talks with Iceland President Guoni Johannesson, Kovind said the two sides took stock of their global partnership and […]

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India, ASEAN agree to review decade-old free trade pact

The Association of Southeast Asian Nations (Asean) has agreed to India’s long-pending demand to review the free trade agreement (FTA) between the two sides. The exercise could help address India’s concerns that it has not benefitted from the agreement and its goods trade deficit with the 10-member grouping has widened. The trade gap was $22 […]

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Jaishankar meets Singapore Deputy Prime Minister, Defence Minister

External Affairs Minister S. Jaishankar on September met Singapore Deputy Prime Minister Heng Swee Keat and the two leaders discussed new avenues of relationship through the opportunities provided by New India. Mr. Jaishankar, who is on a visit to Singapore, was accompanied by Minister of State for Civil Aviation Hardeep S. Puri during his meeting […]

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States to be key drivers of growth for making India $5 trillion economy: Amitabh Kant

States will have to become key agents of growth to help achieve India’s target of becoming a USD 5 trillion economy, Niti Aayog Chief Executive Officer Amitabh Kant said on September 7. Speaking at an event organised here by industry chamber PHDCCI, Kant said states have to work together and learn from each other to […]

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Two export schemes may shift out of Commerce Dept to ease process

The government is contemplating a revamp of the Department of Commerce and certain incentive schemes that fall under it, as it aims at administrative easing to boost exports and domestic manufacturing. The commerce and industry ministry and finance ministry are discussing the idea of bringing the new exports incentives scheme — Rebate of State and […]

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Consultation process on, govt to come out with more measures to boost economy: FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman promised more measures from the government to revive growth and support to sectors facing stress. We are taking a considered view on the sectoral challenges, Sitharaman said in Kolkata late on Friday after her meeting with tax administrators and local business bodies. We are looking at the challenges which the sectors […]

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India backs new sub-regional economic bloc, excluding Pak

India is backing the revival of a new regional economic bloc, excluding Pakistan, as New Delhi presses ahead to deepen ties and push regional integration under the South Asia sub-regional Economic Cooperation (Sasec). Given the hostilities between the two nuclear-armed neighbours and the frustration with the slow progress over the South Asian Association for Regional […]

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India business summit in Singapore 9-10 Sept

The High Commission of India in Singapore is organising a two-day business summit in Singapore from Monday. The objective of the business summit India-Singapore: The Next Phase, being organised on Monday and Tuesday at the Marina Bay Sands Expo and Convention Centre in Singapore is aimed at setting the agenda and momentum for the next […]

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India needs new markets for rice exports, says industry

With China emerging as an export giant and countries like Pakistan, Thailand and Vietnam hampering the market for Indian rice in Asia & Africa, countries like Egypt, China, Mexico, Malaysia, Indonesia and the Philippines could be potential new markets for Indian rice exports, according to a market update by Cogoport, an online logistics marketplace. Before […]

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