exports

Four-nation bloc EFTA is looking at significant reduction in trade barriers on sectors such as machine tools, advanced chemicals, pharma, chocolates, Norwegian and Icelandic fish in the proposed free trade agreement with India, a Swiss minister said.
Swiss State Secretary for Economic Affairs Helene Budliger Artieda also said that with India, the EFTA grouping is aiming for an ambitious and comprehensive agreement in trade in goods, services and protection of intellectual property rights (IPRs).
India and European Free Trade Association (EFTA) states  Iceland, Liechtenstein, Norway, and Switzerland - are negotiating a Trade and Economic Partnership Agreement (TEPA) with a view to boosting economic ties between the two regions.
Negotiations on the agreement were officially launched in January 2008. 13 rounds of negotiations were held until autumn 2013 before the talks were put on hold. After talks were resumed in October 2016, a number of rounds have taken place.
Regarding trade in

exports, imports, trade

India and the four-nation bloc EFTA have agreed for early conclusion of negotiations for a free trade agreement, which aims at increasing economic ties between the countries, the commerce ministry said on Wednesday.
India and European Free Trade Association (EFTA) states -- Iceland, Liechtenstein, Norway, and Switzerland -- are negotiating the Trade and Economic Partnership Agreement (TEPA).
Commerce and Industry Minister Piyush Goyal held discussions on the progress of the agreement with a delegation from the European Free Trade Association, led by the Swiss State Secretary for Economic Affairs, Helene Budliger Artieda, in London on July 11 and 12.
Helene Budliger Artieda was also accompanied with the industry stakeholders from pharmaceutical, machinery and electronics of EFTA states.
"The deliberations between the minister Piyush Goyal and state secretary Helene Budliger Artieda were fruitful and detailed discussions on crucial issues, with the shared goal of swiftly concluding t

Swiss State Secretary for Economic Affairs Helene Budliger Artieda

EFTA received this proposal from India with an open and positive mind, says Swiss State Secretary for Economic Affairs Helene Budliger Artieda

trade, trade deals

India and the four-nation bloc EFTA on Wednesday discussed ways to resume negotiations for a free trade agreement with a view to strengthening economic ties between the two regions.
The subject came up for discussion during a meeting of high-level representatives from India and the European Free Trade Association (EFTA) states (Iceland, Liechtenstein, Norway, and Switzerland) here.
Both sides "discuss the prospects of resuming their negotiations towards a Trade and Economic Partnership Agreement (TEPA)," the commerce ministry said in a statement.
Free trade agreements between the two regions are officially dubbed TEPA. Under such pacts, two trading partners significantly reduce or eliminate customs duties on the maximum number of goods traded between them, besides easing norms to promote trade in services and investments.
The high-level delegations were composed of Commerce and Industry Minister Piyush Goyal; Jan Christian Vestre, Minister of Trade and Industry of Norway; Helene ..

trade, import, export

The development comes in the backdrop of a meeting between high-level delegations from India and EFTA to boost bilateral trade and economic partnership

Piyush Goyal

"We aim to use technology in every sphere to serve the people of India in a big way. Today, we are showcasing our developmental model to the rest of the world," Goyal said

Asserts that India's self reliance drive isn't about closing doors but opening them wider, with the aim of letting competitive and comparative advantages determine international trade

During the April-September period of 2016-17, the deficit is at USD 25.22 billion. Photo: Reuters

Four EFTA members are - Switzerland, Iceland, Norway and Liechtenstein

India's addition to a major global gauge will give global investors greater access to the world's fastest-growing large economy that offers some of the highest returns in the region

JPMorgan Chase & Co

Given the relatively small weight in the Bloomberg Global Aggregate Index, analysts expect India's inclusion could take place in one shot

bonds market, currencies, currency, RBI, yield

The rally in PSBs, analysts feel, was more a knee-jerk reaction to the development, and the actual benefits will start to accrue once the addition takes place in 2024

Banks

Closing Bell on Friday, September 22: The Nifty PSU Bank jumped the most, rising 3.5 per cent

BSE, NSE, Sensex, Nifty, stock markets

Stocks to Watch today, September 22, 2023: Glenmark Pharmaceuticals Board has approved the divestment of a 75 per cent stake in its subsidiary Glenmark Life Sciences to Nirma for Rs 5,651 crore

Markets, market valuation, stocks, Sensex, Adani Group

The devastating storm that dumped torrential rains along the Libyan coast this month was up to 50 times more likely to occur and 50% more intense because of human-caused climate change, according to an analysis released on Tuesday.
Before crossing the Mediterranean, the storm raged for four days and caused extensive damage in central Greece and parts of Bulgaria and Turkey, a region where such extreme storms are up to 10 times more likely and up to 40% more intense because of climate change, scientists said.
Heavy one-day rains from Mediterranean storm Daniel caused massive flooding across eastern Libya that overwhelmed two dams, sending a wall of water through the coastal city of Derna that destroyed entire neighborhoods and swept bridges, cars and people out to sea. The death toll has varied, with government officials and aid agencies giving tallies ranging from about 4,000 to 11,000 dead.
The analysis was conducted by the World Weather Attribution group, which aims to quickly ...

climate change

In a regulatory filing, Signature Global informed that under Anchor Investors (AIs) portion in the public issue, 82,72,700 equity shares have been subscribed at Rs 385 per equity share

Crude imports fell 3.9% month-on-month to 18.73 million metric tons in August, Petroleum Planning and Analysis Cell (PPAC) data showed

Russian Oil, crude oil, oil, oil prices

The new members appointed are Anil Agrawal, a former police official who recently worked at India's commerce ministry and worked on various startup initiatives

apps, digital, unfair trade practices, antitrust law, competition, online, tinder, shazam, spotify, itunes, apple, google

Overseas institutions are also a better bet for Adani. Tapping Indian banks, especially state-run lenders, would be a tad cheaper, but might invite greater political scrutiny ahead of general election

Adani, Adani Group

India's ambitions for green hydrogen are riding the coat-tails of Chinese equipment, with Beijing's global stranglehold on the green hydrogen business now extending to New Delhi

green energy targets in mind, but is India technology-ready?

green energy

While posing a complex challenge, slums also offer a unique opportunity for morally and economically imperative urban development

Dharavi

As part of the partnership, Infosys will have access to NVIDIA's full-stack gen AI program and will set up a NVIDIA Centre of Excellence

NVIDIA Founder & CEO, Jensen Huang with Infosys Co-founder & Chairman, Nandan Nilekani (Photo: Infosys)

NVIDIA Founder & CEO, Jensen Huang with Infosys Co-founder & Chairman, Nandan Nilekani

The board of the private sector lender is scheduled to meet on Friday, September 22, 2023 to consider the raising of funds by issue of equity shares / any other equity linked securities.

Karnataka Bank

A mutually beneficial relationship between Trump and Fox News broke down after the 2020 election in the wake of the network's coverage of the election

Fox Corp Chairman Rupert Murdoch

In a meeting with officials of the DHI, the company has said the period for which the government is demanding a refund of subsidies of Rs 130 crore does not apply to it

Hero Electric to raise capacity at Ludhiana plant to 500k units in 6 months

Hero Electric

Latest model can log 40-50% higher sales in India than iPhone 14, say retailers

Apple Store Saket

Prime Minister Narendra Modi on Friday said the G20 Summit's success has given the nation the confidence to organise such global events and urged those involved in the planning and execution of the summit to document their experiences.
The G20 Summit, under India's presidency, was held here from September 9 to 10.
Addressing those involved in organising of the summit at the event's venue, Bharat Mandapam, Modi also credited ground-level functionaries for the success.
Drawing parallels between the organising of the G20 Summit and the Commonwealth Games, he said the sporting event in the national capital in 2010 got mired into things that brought disrepute to the country and infused a sense of despondency in the governing system.
"On the other hand, the cumulative effect of the G20 Summit has been that of success in showcasing the strength of the country to the world. I am not concerned with the praise in editorials. For me, the real happiness lies in the fact that my country is now 

PM Modi addresses media on the first day of the special session of Parliament, in New Delhi, Monday, Sept. 18, 2023. (PTI Photo/Manvender Vashist Lav)

Bike and auto-rickshaw aggregator Rapido has drawn up plans bring on board 200 women drivers over the next three months, the company said on Friday.
Currently, Rapido Auto has engaged 50 female 'captains' hailing from diverse backgrounds in the city for its ride-hailing service, and it aims add more than 200 active captains in the next three months through collaborations with various Coimbatore-based non-governmental organisations, the company said in a release.
Rapido will equip the women captains with essential safety and driving skills through the comprehensive training programme in collaboration with the NGOs. It also plans to launch micro-loans and family health insurance for women auto captains in Coimbatore, the release added.
This initiative would enable women to earn between Rs 800 and Rs 1,000 a day, translating to a monthly income of Rs 25,000 to Rs 30,000, it added.
"Rapido Auto, as a company, is deeply committed to fostering gender empowerment and inclusivity. Our jour

Bike taxi startup Rapido plans to ramp up hiring of women captains

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EFTA

EFTA looking at reduction in trade barriers on pharma in pact with India

India, EFTA agree for early conclusion of talks for free trade agreement

EFTA, India aim at building on existing work: Helene Budliger Artieda

India, EFTA member countries discuss resumption of talks for trade pact

India, EFTA nations discuss prospects of resuming FTA negotiations

India remains a bright spot among global economies: Piyush Goyal

Goods and services exports to cross $760 bn in FY23: Piyush Goyal

India-EFTA trade deal talks to be held in January