The European Union (EU), which wants India to reduce high import duties on wines, is facing a glut of the beverage at home and is taking steps to protect local producers from new rivals like Australia and the US.
The European Union has expressed regret over the hanging of the Parliament attack convict Afzal Guru and asked India to put a moratorium on executions.
The European Union on Friday made it clear that India will have to take a 'few steps' like associating with NPT and CTBT before the 25-nation body can decide on cooperating with it in civil nuclear energy.
Ministry of External Affairs spokesperson Raveesh Kumar said India has noted European Commission's clarification that the EU Parliament's views don't reflect the official position of the grouping.
The MEPs said they stand by India in its fight against terrorism.
The World Trade Organisation agreed on Monday to an Indian demand for a probe into special trade deals granted by the European Union to countries fighting drug trafficking.
In a move that could improve the weakening sentiment in the Indian textile industry, the government is set to sign a free trade agreement (FTA) with the European Union (EU) by the end of the current calendar year.
Officials said the EU wanted to consolidate its multi-faceted relationship with India.
Several round of talks are expected to be held this year before the finale at Cancun in Mexico in December.
Leading British-Indian MP Keith Vaz on Tuesday took his fight against the European Union's impending ban on the import of Indian mangoes to the Prime Minister's office in London.
Even as the bilateral relationship between the two neighbouring countries remains hostile, there is growing coordination between India and Pakistan on one multilateral forum - the World Trade Organization (WTO). Both countries have made two joint submissions at the WTO as co-sponsors in the past two months. In June, Pakistan joined India, Cuba, and 44 African countries, seeking sufficient flexibility in intellectual property rights for developing countries to fight the Covid-19 pandemic.
US, EU have flexibility to shield 65 sensitive textile products from immediate formula cuts.
After dipping by as much as 17 per cent in April, readymade garment (RMG) exports of all textile categories in India are showing signs of recovery in May. Exporters in Tiruppur are indicating a rise in rupee terms during the month, while it may take at least a month for volumes to be back in positive terrain. Among the global majors that are placing orders in the textile hub include Walmart, H&M (Hennes & Mauritz AB), Tommy Hilfiger and Target.
Geopolitical headwinds leading to lower demand from export markets, coupled with lower domestic buying, have dragged the auction average of Darjeeling tea to its lowest level since 2015. Data from Calcutta Tea Traders Association (CTTA) shows that the average price of Darjeeling tea at Kolkata auctions for January-December 2023 was Rs 319.74 per kg. The last time it dipped below this level was in 2015 at Rs 285.71 per kg.
In reflection of their growing congruence in areas of defence and security, the two sides, following the Modi-Mitsotakis talks, agreed to set up an institutional dialogue at the level of national security advisors, and boost defence industrial cooperation.
The European Commission will propose scrapping tariffs on jet fuel imports starting January 1, an official said on Friday.
American intelligence service used bugs, phone taps and cybermonitoring to obtain information from European Union embassies and offices in Washington, New York and Brussels, a German weekly reported on Sunday.
Google CEO Sundar Pichai and his Microsoft counterpart Satya Nadella have assured help to India as the country grapples with a ravaging coronavirus crisis that has put enormous pressure on its hospitals due to a shortage of beds, oxygen and medical supplies.
The decision was taken along with six partner countries backing the so-called International Thermonuclear Experimental Reactor project.
After Yoga got a strong leg up on the world stage following Prime Minister Narendra Modi's call for observing an International Yoga Day, the European Union has backed the initiative.
After a stellar run on the bourses that saw tractor stocks rise up to 52 per cent, analysts are turning cautious on the sector as muted demand trends may weigh in the near-term. Total volumes in the tractor segment for the last three quarters of the current financial year (9MFY24) have remained weak with VST Tillers, Escorts Kubota, and M&M seeing declines of 21 per cent, 5 per cent, and 3 per cent year-on-year (Y-o-Y), respectively, during the period, amid patchy rainfall, delayed crop harvest, and lower reservoir level. Across industry, total domestic sales volume so far in the current financial year (April '23 to January '24) has declined 5 per cent Y-o-Y, as per Tractor Manufacturers Association (TMA).
Liberal Democrat Member of the European Parliament Chris Davies said the decision showed the Indian government was trying to hide the "reality of its actions" and blocking absolute freedom of the press.
Exporters in India are hopeful that the EU would soon lift the ban, which was imposed last month.
Even though Bharat Forge's performance in the July-September quarter broadly met Street estimates and defence orders are on the rise, the subdued outlook for its global business has prompted some brokerages to adopt a cautious stance on the company. Analysts have reduced the company's earnings per share (EPS) estimates to account for the slow recovery of its overseas subsidiaries. Valuations are also trading at long-term averages, which could limit potential upsides.
'Shortage occupation list' is a list of jobs that Britain allows non-EU professionals to come to the UK and take up employment.
Days ahead of India-EU annual summit, Commerce and Industry Minister Anand Sharma on Wednesday said a few ends are yet to be stitched for concluding the proposed Free Trade Agreement (FTA) between the two sides.
The 28-member European Union has temporarily banned the import of Alphonso mangoes, the king of fruits, and four vegetables from India from May 1, sparking protests from the Indian community, lawmakers and traders.
India is struggling with the second wave of coronavirus infection and hospitals in several states are reeling under a shortage of medical oxygen and beds in view of a rising number of COVID-19 cases.
The LTTE are already banned in India, the US and Britain.
India's unabated tryst with Russian crude oil is slowly coming to an end. The time has come for Indian refiners to navigate, creatively, the choppy waters of the post-honeymoon period, and for Indian policymakers to take cognisance of the broader impact on India from the spillover of the Russian crisis - after Washington's warning to transgressors last week. Shipments from Russia to India have averaged over 1.8 million barrels a day since February, according to data from Paris-based market analytics firm Kpler. But much of the crude shipped to India was non-sanctioned because it traded below a price cap set by the US led G-7 nations in December.
The silver lining for India's presidency is likely to be the support by almost all G20 countries to its proposal to include the African Union as a permanent member of the bloc that has emerged as perhaps the most influential multilateral forum after the United Nations.
EU shares its view that a new direction has to be given in energy cooperation for development of alternate sources of energy.
Exports from Ranbaxy plants at Toansa and Dewas to Europe will remain suspended as probes are continuing even as Indian authorities have withdrawn the certification of manufacturing standards from one of the units, European health regulator EMA said today.
India's upcoming presidency of the G20 grouping is a matter of pride and a great opportunity for the country in its 75th year of Independence, Prime Minister Narendra Modi said on Tuesday. Modi made the remarks after unveiling the logo, theme and website of India's G20 presidency during an online event. India will assume the presidency of the powerful grouping from the current chair Indonesia on December 1.
The Oxford University and Stanford MBA graduate co-founded a 1-billion-pound global investment firm and specialised in investing in small British businesses
The talks between the two leaders covered the entire gamut of bilateral ties as well as key regional and global issues, including the Ukraine conflict.
'India, Pakistan and people of Kashmir' should resolve it, the EU said.
India will be able to bag extra orders worth $three billion for garment exports from the European Union, if the country enters into a Free Trade Agreement with the EU, apparel exports body said on Monday.
India's plan to sell the Advanced Light Helicopter to Myanmar threatens a European Union arms embargo to that country, Amnesty International claimed on Monday.
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