India, UK expected to find FTA landing point, says Jaishankar

“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.

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 […]

The commerce ministry plans to soft-launch the revamped electronic Bank Realisation Certificate (eBRC) on November 15. The eBRC is an essential document for exporters, confirming that they have received payment from a foreign buyer. The upgraded system will rely on electronic inward remittance messages transmitted directly by banks to the Directorate General of Foreign Trade […]

The government has provided a one-time exemption from the export ban to Patanjali Ayurved Limited to ship 20 tonnes of non-basmati white rice as a donation to Nepal for earthquake victims. India, had in July, banned the export of non-basmati white rice to boost domestic supply but allowed exports on the basis of permission granted […]

India’s palm oil and sunflower oil imports reached record highs in 2022/23 due to a rebound in consumption and a steep discount compared to rival soyoil. The country’s largest importer of vegetable oils, India, bought palm oil mainly from Indonesia, Malaysia, and Thailand, while soyoil imports fell 12% to 3.68 million tons.

The Indian government has granted a one-time exemption from the export ban to Patanjali Ayurved for shipping 20 tonnes of non-basmati white rice as a donation to Nepal for earthquake victims. Exports of non-basmati white rice were banned in July to boost domestic supply, but are allowed on request and based on permission granted by […]

The Indian Pulses and Grains Association (IPGA) said that one influential exporter in Mozambique has not been allowing other exporters to ship tur to India, thereby driving up the prices.

Earlier this year, Russian officials said that Moscow had accumulated billions of rupees in Indian banks that couldn’t be used. Industry estimates peg this amount at $7-8 billion. Until July 2, the RBI had approved 34 applications from different Russian banks for opening SRVAs in 14 Indian commercial lenders.