News from India & International by Niaz2.0 Media
India’s efforts to strengthen its global trade ties, including the upcoming free trade agreement (FTA) with the UK, present a timely strategic opportunity amid rising global uncertainties, the Reserve Bank of India (RBI) has said. In its July bulletin released on Wednesday, the central bank noted that building resilient trade partnerships could help India deepen…
This is an AI-generated image, used for representational purposes only. India and the UK are set to sign a wide-ranging free trade agreement on Thursday during Prime Minister Narendra Modi’s London visit, unlocking major tariff cuts and service sector benefits after three years of negotiations. The pact promises gains for exporters, professionals and businesses on…
One thing is becoming clear – 10% base tariffs are the ‘new zero’ with which countries will have to contend in terms of negotiations. (AI image) India-US trade deal: As US President Donald Trump announces trade deals in quick succession ahead of his August 1 deadline for reciprocal tariffs, one thing is becoming clear –…
Trump said that the US will always focus on having zero tariffs on its products. (AI image) US President Donald Trump on Wednesday said that he is willing to lower tariff rates for countries that will open their markets to America. Trump’s comments come at a time when countries are fast-tracking trade deal negotiations with…
BENGALURU: The Enforcement Directorate has filed a formal complaint against Myntra Designs Pvt Ltd and its related entities for allegedly violating India’s foreign direct investment (FDI) norms under the guise of wholesale operations.The complaint, filed under Section 16(3) of the Foreign Exchange Management Act (Fema), 1999, alleged contraventions to the tune of Rs 1,654.35 crore…
NEW DELHI: The Enforcement Directorate (ED) has filed a complaint under the Foreign Exchange Management Act (Fema), 1999 against Myntra Designs Private Limited (Myntra), its related entities, and directors for alleged FDI violations worth Rs 1,654.35 crore, the agency announced Wednesday.The action was initiated by the ED’s Bengaluru Zonal Office based on credible inputs that…
This is an Ai-generated image, used for representational purposes only. The Indian Railways has issued a new circular revising its emergency quota (EQ) guidelines, requiring all requests to be submitted at least a day before travel.The move, aimed at ensuring timely chart preparation and avoiding operational delays, follows recent changes in reservation chart timings and…
GTRI emphasised that the US-Indonesia agreement should serve as a cautionary example for India. (AI image) India-US trade deal: America’s trade agreement with Indonesia is ‘one-sided’ and India should look to avoid falling into the same trap, the Global Trade Research Initiative (GTRI) has warned. Even as the two countries continue discussions amid US President…
Shipbrokers, vessel operators have become hesitant to engage with Nayara this week. (AI image) European Union’s latest round of sanctions on Russian oil have already begun to hit a refinery in India. Oil companies and vessel operators are distancing themselves from India’s Nayara Energy Ltd., following the European Union’s recent sanctions that specifically targeted the…
Due to Pakistan’s poor credit rating at junk level, the nation remains excluded from global capital markets. (AI image) Pakistan’s economy is deeply troubled, and its drowning in debt – its dependency on external support increasing every year. Pakistan got a record $26.7 billion in foreign loans in the previous fiscal year – a fact…
