If the rupee depreciates about 10% and the import content in the product being exported is 20%, the net gain to exports would be 8%, said industry experts. “One can also get the benefit while negotiating contracts. If an exporter hasn’t hedged, then they would get windfall gains during the period of depreciation, but most […]
Rupee depreciation may push up garment, handicraft exports
The ‘rules of origin’ provision prescribes minimal processing that should happen in the FTA country so that the final manufactured product may be called originating goods in that country. Under this provision, a country that has inked an FTA with India cannot dump goods from some third country in the Indian market by just putting […]
For the UK, the simple fact is that, outside the European Union, it is no longer an economy of such size and potential that it can expect massive concessions. Brexiteers might have promised that a liberated Britain could negotiate without one hand tied behind its back by Brussels.
Goyal, who is currently on a four-day visit to the US to attend the Indo-Pacific Economic Framework (IPEF) Ministerial Meeting and the Asia-Pacific Economic Cooperation (APEC) Summit, was, however, unable to meet Tesla chief Elon Musk during his visit to the plant.
“We are focusing on what is officially called an enhanced trade partnership. In common sense, it’s called FTA and that is today very much the focus of what the Indian and British systems are negotiating and where we hope that we will find a landing point which will work for both of us,” Jaishankar said […]
Issues which need resolution include rules of origin; intellectual property rights (IPRs); social security agreement; duty concessions on electric vehicles, scotch whiskey, lamb meat, chocolates and certain confectionary items; liberalisation of norms in services sectors like banking and insurance.
At a special Diwali Reception organised by the High Commission of India at Westminster Central Hall near the Houses of Parliament here on Monday evening, Jaishankar addressed a large diaspora gathering during which he described the bilateral relationship with the UK as a “positive force” for the world.
India’s leading gas firm, GAIL, has conducted the world’s first ship-to-ship liquefied natural gas (LNG) transfer to reduce shipping costs and cut emissions. GAIL, which has contracted 5.8 million tonnes per annum of LNG from the US, implemented an innovative contractual arrangement to optimize vessel paths, resulting in a significant reduction in CO2 emissions.
A second Chinese vessel carrying a ship-to-shore crane for the Vizhinjam international deep-sea facility in Kerala has docked at the port. The ship, Zhen Hua 29, received clearance from the Ministry of Home Affairs (MHA) to berth, arriving on November 9.
FinMin asks ministries/departments to follow guidelines on issuance of mobiles, laptops to officers
3 years ago
The finance ministry has directed various departments to follow guidelines for issuing mobiles, laptops, and similar devices to eligible officers of the Government of India for official work. The Department of Expenditure issued guidelines in July, allowing central government officers to receive devices costing up to Rs 1.3 lakh, which can be retained for personal […]