BUSINESS
Trump hints at 20-25% US tariffs on India sans trade deal by August
India and the US have been working towards finalising a first tranche of a Bilateral Trade Agreement (BTA) by September or October.
BUSINESS
India-UK trade deal to give UPI a bigger play in Britain, ease remittances
It will allow Indians to make payments in UK shops by scanning QR codes and also send money to children studying in the that country using UPI once the FTA is operational
BUSINESS
India will respond appropriately if UK levies carbon tax, says Piyush Goyal
While, the UK has agreed that India can take appropriate counter-balancing measures if it implements CBAM, this understanding isn't part of the Comprehensive Economic and Trade Agreement (CETA) signed on July 24
BUSINESS
India's modern FTAs to tap into new areas while balancing sensitivities, says commerce secretary
India has been able to exclude sensitive items such as dairy and apples from the trade deal with the UK, however this may not serve as a template for future FTAs.
BUSINESS
India can take counter-balancing steps if UK's CBAM plans erode FTA concessions, sources say
While, the UK has agreed that India can take appropriate counter balancing measures if it implements CBAM, it isn't part of the FTA signed on July 24.
BUSINESS
India-UK trade deal opens up government procurement for Indian medicines, software services, but British firms may struggle to gain ground, say experts
Indian companies may access $122 billion UK procurement market, including NHS
BUSINESS
Only 24.5% of UK's export value will get immediate duty-free market access to India via FTA
Commerce Secretary Sunil Barthwal said talks are ongoing with the European Union and the United States as well for FTAs.
BUSINESS
India-UK trade deal offers British firms a major stake in Atmanirbhar Bharat
Once the FTA is operational, UK companies will be treated as a class 2 supplier if at least 20 percent of their product or service is from Britain – granting them the same status that only Indian firms currently enjoy
INDIA
India-UK FTA: Indian electronics, textiles, pharma, chemicals to get zero duty access
In labour-intensive sectors, tariffs on Indian exports to the UK have been slashed to nil from up to 20 percent on marine products, 12 percent on textiles and apparels, 8 percent on chemicals, and 10 percent on baseline metals, the Indian government said
BUSINESS
India-UK FTA: 75,000 Indian workers to gain from Britain’s insurance break
New Delhi has also secured a quota of 1,800 a year for qualified, professional Indian traditional chefs, yoga instructors and classical musicians entering as contractual service suppliers
BUSINESS
India-UK FTA: No tariff concessions for British EVs, hybrid cars priced below £40,000 on CIF basis
Britain has not offered any tariff concessions for Indian electric, hybrid and hydrogen cars with a CIF of above £80,000.
BUSINESS
India-UK FTA: Indian EVs get limited concession, engineering exports may double by 2030
Shipments of key engineering products like electric machinery, auto parts, industrial equipment, and construction machinery are projected to grow at 12–20 percent CAGR.
BUSINESS
FTA: India to lower average tariff on British goods to 3% from 15%
Prime Minister Narendra Modi, who is on a two-day visit to the UK, will meet his British counterpart Keir Starmer for the signing of the deal
BUSINESS
India-UK trade deal nears signing: Tariff breaks from gin to gems, social security win for New Delhi
Indian exports are set to benefit from duty elimination on about 99 percent of the tariff lines, covering almost 100 percent of the trade value, especially aiding labour-intensive shipments of textiles, marine products, leather, footwear, sports goods and toys, gems and jewellery.
BUSINESS
Foreign firms reluctant as EV policy runs into local sourcing, investment credit norm hurdles
The portal for the EV manufacturing scheme, which was launched on June 24, is yet to receive applications
BUSINESS
Wider stakeholder consultation underway before finalising rare earth magnet scheme
More consultations are warranted since the contours of the scheme won’t mirror any existing subsidy programmes such as the production-linked incentive plan
BUSINESS
Govt scouts new arenas for capex; bets on urban sanitation, shipping to fuel public investment in FY26
The Centre also aims to continue increasing the allocation for capex in the upcoming year given that private investment is yet to rebound significantly.
BUSINESS
Piyush Goyal urges India’s youth to actively contribute to building a Viksit Bharat by 2047
The finance ministry’s Economic Survey for 2024-25 has said that India needs to grow around 8 percent on an average for the next decade or two to achieve the goal of Viksit Bharat or developed India by 2047.
BUSINESS
Tax breaks may bring back urban consumption but not without better wages
Economists caution, that for a sustained recovery, structural constraints, related to low income and job creation, must be addressed.
BUSINESS
India, EU reached 'some kind of understanding' on certain divergent issues; next round of FTA talks in September
The tenth round of talks with ASEAN to review the existing pact is likely to be in August in New Delhi, with another expected in October in Malaysia, Agarwal added.
BUSINESS
Sourcing critical minerals part of FTA talks with Peru, Chile: Official
The official added that India is also looking at those countries that do not manufacture but have processing technologies for critical minerals like Japan and South Korea.
BUSINESS
Goods trade deficit narrows to a four-month low of $18.78 billion in June
Merchandise exports fell marginally on-year to $35.14 billion in June, while imports dropped to $53.92 billion
BUSINESS
India should pursue services-oriented trade deal with US, says NITI report
The report by NITI Aayog also recommended fast-tracking talks for free trade agreements, particularly with the European Union, with a clear, time-bound negotiation roadmap.
BUSINESS
NITI report recommends expanding PLI scheme to leather, footwear, furniture
NITI Aayog has batted for establishing a Quality Upgradation Fund to incentivise MSMEs in meeting international quality benchmarks, certifications, and sustainability requirements.
