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Good market access offered on both sides, says UK on India FTA talks

Thu, 04/18/2024 - 14:46
There has been good market access offered on both sides but not enough to secure a free trade agreement (FTA), the UK government has said as Indian negotiators are in London this week to continue discussions with their British counterparts. During a debate in the House of Lords this week, UK Foreign Secretary David Cameron was addressing questions from British peers on the current state of freedom of religion or belief in India. The recent restructuring of the BBC to create a new Indian-owned entity in order to comply with the country's foreign direct investment (FDI) rules was flagged by Liberal Democrat peer Lord Jeremy Purvis, who questioned the level of market access being offered to India in the field of media, data and telecoms as part of the FTA negotiations. My understanding of where we are with the trade deal is that good market access has been offered on both sides, but not quite enough yet to secure a deal. It is important with such trade deals, as you only really get one

Elon Musk's Tesla initiates formal dialogue with govt on new EV policy

Thu, 04/18/2024 - 11:13
Meeting attended by other global and Indian OEMs sought to offer clarity on EV manufacturing scheme

Global warming of 3 degrees Celsius may result in 10% GDP loss: ETH study

Thu, 04/18/2024 - 10:24
Warming of the planet by 3 degrees Celsius may cost the world up to 10 per cent of its GDP, a new research has found. It also found that poorer, tropical countries could see the worst effects -- up to 17 per cent GDP loss. The study -- led by ETH Zurich, Switzerland, and published in the Nature Climate Change journal -- suggested that roughly half of the predicted global economic damage could be related to extreme heat, with heat waves being the most impactful among the extreme events analysed. "Impacts are more severe in the Global South and highest in Africa and the Middle East, where higher initial temperatures make countries particularly vulnerable to additional warming," the authors wrote. The researchers further found that the cost of climate change increased around the world after accounting for changes in rainfall and temperatures occurring within a short span at a location. "If we take into account that warmer years also come with changes in rainfall and temperature ...

New BOT terms may revive pvt capex in highways: India Ratings and Research

Thu, 04/18/2024 - 10:17
Most Concerns Attended to, but Toll Estimation and Traffic Diversion from Competing Roads Pose Risk

FPIs pull out of debt, selling pressure may continue until bond inclusion

Thu, 04/18/2024 - 09:28
"There might be selling for some time by the active investors who had come in," said Vikas Goel, managing director and chief executive officer, PNB Gilts

India's FY24 pulses imports hit 6-year high as red lentil purchases jump

Thu, 04/18/2024 - 08:09
India imported 4.65 million metric tons of pulses in the year ended March 31, 2024, the highest since fiscal 2018, and up from 2.53 million tons imported a year ago

In the economic transformation of Southeast Asia, a tale of two FTAs

Thu, 04/18/2024 - 06:27
Advantages of India's FTA with ASEAN appear unclear and appear to make the country dependent on Chinese imports

NHAI identifies 33 highway stretches of 2,741 km for monetisation in FY25

Thu, 04/18/2024 - 06:20
State-owned National Highways Authority of India (NHAI) has identified 33 highway stretches cumulatively spanning 2,741 kilometres to monetise during the current financial year through toll operate transfer (TOT) and infrastructure investment trust (InvIT) modes. The identified stretches include Lucknow-Aligarh, Kanpur-Ayodhya-Gorakhpur, and Bareilly-Sitapur in Uttar Pradesh, Gurugram-Kotputli-Jaipur bypass and Jaipur-Kishangarh in Rajasthan, Panikoili-Rimuli in Odisha, Chennai bypass in Tamil Nadu, and Muzaffarpur-Darbhanga-Purnia highway in Bihar. "The asset would be monetized through ToT/InvIT modes. "NHAI will have discretion to review and change the above list and modes of monetization," the agency said. NHAI has raised Rs 40,314 crore through various modes of asset monetisation in 2023-24 against the target of Rs 28,868 crore. NHAI's asset monetisation has crossed Rs 1 lakh crore till date. The Ministry of Road, Transport and Highways (MoRTH) had raised Rs 32,855 crore in .

Ashmore Group counters consensus with big bet on China over India

Wed, 04/17/2024 - 14:58
China's economic growth is expected to trail India's for at least the next two years, according to economists' forecasts on Bloomberg

India will be $34.7 trn economy by 2047; per capita to be $21k: PHDCCI

Wed, 04/17/2024 - 14:04
The report said that the share of agriculture in total GDP would come down to 12% in FY47

Powered by iPhone exports, electronics become India's fifth largest export

Wed, 04/17/2024 - 13:52
Apple's iPhone exports alone now constitute 35% India's entire electronics export goods basket

Govt might look at reforming agri inputs administration in next tenure

Wed, 04/17/2024 - 13:44
The industry wants reforms in the Central Insecticides Laboratory (CIL) as well to cut down on pending lists and time taken for clearance of new applications

Wider social security net on cards for unorganised sector workers

Wed, 04/17/2024 - 11:47
Meetings have already begun with the relevant ministries and government depts

Indian economy likely to register 8-8.3% growth in current fiscal: PHDCCI

Wed, 04/17/2024 - 10:50
India's economy is estimated to grow at 8-8.3 per cent in the current fiscal, industry body PHDCCI said on Wednesday. The country's GDP will grow at an average of 6.7 per cent over the next 23 years to become a USD 34.7 trillion economy by 2047, with a per capita income of USD 21,000, it added. "We are projecting a growth rate of 8 to 8.3 per cent for India's economy for the current financial year," PHDCCI Chief Economist SP Sharma said. Addressing a press conference, he said India's economy has robust growth fundamentals. "Gradually after 2035, the growth rate will start decelerating from the peak, and on an average, our growth rate, the real GDP (gross domestic product), will be 6.7 per cent overall in the next 23 years," Sharma noted. India's economy will attain the size of USD 34.7 trillion by 2047 with a per capita income of USD 21,000, the industry body said. The chamber has suggested 10 key enablers for the country to become a developed economy by 2047 in a report. It has

NaBFID eyes Rs 1 trillion sanctions for new infra projects in FY25

Wed, 04/17/2024 - 10:42
Mat to tap overseas market for fund raise in H2 FY25

Russian discounts shrank India's crude oil import bill by 15.9% in FY24

Wed, 04/17/2024 - 10:35
Import volumes remained stable at 232 mmt in FY24 as dependency increase

Fed Chair Powell's US rates warning means headache for rest of the world

Wed, 04/17/2024 - 10:33
China doesn't have such inflation worries, but rise in the premium of US 10-year government bond yields over their Chinese equivalents to a record high has sparked concerns over depreciation of yuan

NHAI to monetise 2741 km through toll operate transfer, InvIT in FY25

Wed, 04/17/2024 - 10:10
33 stretches identified by NHAI had revenue of Rs 5000 crore in FY24

Women self-help groups weaving success stories, thread by thread

Wed, 04/17/2024 - 09:18
Out of 1.2 crore self-help groups (SHGs) in the country, 88 per cent are women groups, according to the Economic Survey 2022-23

Raghuram Rajan flags employment concerns amid India's growth momentum

Wed, 04/17/2024 - 02:19
Raghuram Rajan's remarks come at a time when unemployment remains a major issue in India, with a survey by Lokniti-CSDS revealing that 27% of voters consider it their top concern