The European Union on Wednesday got the go-ahead to hit the United States with a record $4.04 billion in trade sanctions in a long-running row over tax breaks for major exporting firms, trade officials said.
Polyphonic and pluralistic, as the world's two most populous democracies, India and the European Union are beasts of similar temperament. Yet of all the countries that the EU has a strategic partnership with (there are six in total: the United States, Canada, Japan, China, Russia and India), its relationship with India is by far the least developed.Europe's eyes remain for the main part firmly trained on China.
The European Union said on Friday that it would abide by the World Trade Organisation ruling that has favoured India in the bed linen dispute.\n\n\n\n
United States President Joe Biden is all set to visit India and is 'very excited' about the important initiatives he will be championing at the G20 Summit in New Delhi, according to senior White House officials.
Khan said that India, which is a part of Quad, has imported oil from Russia despite American sanctions.
"The EU economy will emerge from recession in the second half of this year, although for 2009 as a whole, GDP is still set to fall by some four per cent."
The EU's assistance comes as part of its 'strategic partnership' with India and will be made available by the European Investment Bank to ICICI Bank in the first-ever cooperation between the two financial institutions.
Jammu and Kashmir chief minister, Omar Abdullah has urged the European Union Commission to use its influence for withdrawing the adverse travel advisories issued against visiting Kashmir.
Kremlin spokesman Dmitry Peskov briefly admitted that Russia had suffered a 'significant' loss of its troops in Ukraine, calling the casualties 'a huge tragedy' for the country in an interview with Sky News.
It was August 2007. Tata Steel was turning 100. Jamshedpur, its hometown, had an air of celebration. The line-up for the special event included the launch of Air Deccan's commercial flight connecting Kolkata and Jamshedpur, and release of Russi Lala's new book, Romance of Tata Steel. There was also the screening of The Spirit of Steel, a 20-minute documentary directed by Zafar Hai showcasing Tata Steel's legacy, and a corporate anthem penned by Javed Akhtar and composed by Shankar, Ehsaan and Loy.
EU authorities made a last-minute offer to salvage a bailout deal that could keep Greece in the euro as the clock ticked down on Tuesday, with Germany warning that time had run out to extend vital credit lines to Athens.
The EU blacklist was drawn up late in 2001, following the September 11 attacks in New York and Washington and is revised regularly.
Serie A clubs will be allowed to sign two non-European Union players per season instead of the current one, the Italian soccer federation (FIGC) said on Tuesday.
Even as the Group of Seven (G7) price cap on Russian crude oil enters into force as of December 5, India has been assured it will continue to receive the existing deep discounts on Russian oil, for the time being, informed officials. "We have been assured by our Russian partners of uninterrupted crude supplies at the existing rates for the time being. "There were a lot of reports of changes in (India's) buying patterns after the global price cap took hold.
The African Union on Saturday joined the G20 after all member countries accepted Prime Minister Narendra Modi's proposal to bring the key bloc of the Global South to the high table of the world's top economies, a major diplomatic achievement of India's presidency.
The tightening of stock exchange laws in the European Union may affect Indian companies going for overseas listing of their equity and debt issues, as they have to mandatorily stick to one country for all future fund raising activities.
Agreeing to resist protectionism in global trade, India and the European Union announced reaching the final stage of a trade and investment opening pact, billed as one of the largest bilateral agreements.
It said it looked forward to the consolidation of the ties through the ongoing composite dialogue 'in an atmosphere free from the menace of terrorism and violence'.
It is high time the Indian government signalled discomfort with the UK providing refuge to those accused of financial crimes in India, states Jaimini Bhagwati.
Pakistani teenage activist Malala Yousafzai, who survived a Taliban assassination attempt last year, on Wednesday received the EU's Sakharov human rights prize at a ceremony in Strasbourg.
The proposed India-European Union free trade agreement (FTA), which seeks to liberalise trade in goods and services, could be materialised by this year, EU Ambassador to India Joao Cravinho has said.
The biggest question looming over the summit is whether there will be a joint leaders' declaration in view of the sharp differences between the West and the Russia-China combine on the text to describe the Ukraine conflict in the document.
Negotiators from the two sides will meet in July either at Brussels or Geneva, additional secretary in the commerce ministry D K Mittal told PTI.
UK and Sweden have asked the European Union to set up bigger and "more political" embassies in India, China and Pakistan to strengthen its relationships with these Asian countries.
In a major blow to China's exports, the European Union has announced that it is cancelling some of the advantages enjoyed by Chinese commodities under the generalised system of preferences (GSP) so that other developing countries can also benefit.
.jpg)
Trade ministers and diplomats from around 130 countries are participating in the four-day meeting that started on Tuesday.
The government will set up expert groups to explore the adoption of common chargers for mobile and all portable electronic devices, and submit a detailed report in two months, Consumer Affairs secretary Rohit Kumar Singh said. The department of consumer affairs on Wednesday called a meeting with industry stakeholders. After the meeting, Singh said India can initially think of exploring shifting to two types of chargers, including a C-Type port.
Demanding immediate withdrawal of the permission given to a diplomatic delegation from European Union to visit Orissa's riot-hit Kandhamal, the Vishwa Hindu Parishad on Sunday said the trip could trigger fresh tension in the district."The proposed visit of the EU delegation should be cancelled forthwith and the Orissa government must withdraw the permission granted for the purpose," said VHP state secretary Gouri Kumar Rath.
A senior European Union representative said here on Tuesday that the body would soon change its Customs laws to address the issue of seizures of Indian generic drug shipments while en route for export to other countries.
While keeping their options open, the United States and European Union have signaled that talks with Iran over its nuclear programme could resume, for the first time in more than a year, after Tehran dropped its pre-conditions to a dialogue.
Noting India's need to raise power generation capacity to four lakh MW by 2030, President A P J Abdul Kalam on Wednesday sought 'intensive cooperation' with the European Union in the field of energy, including nuclear, to help achieve the goal.
The Blue Card plan, if passed, would allow suitably qualified people and their families to live and work within the EU. The EU says it needs 20 million skilled workers over the next two decades and is very short of expertise in engineering and computer technology.
India was on Friday guarded in its reaction to European Union farm ministers' 'historic' accord to reform its disputed Common Agricultural Policy.
The European Parliament in Brussels witnessed acrimonious exchanges between some of the pro-Pakistani members and the rapporteur of the report on Kashmir during the debate on the compromise amendments to the draft report.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances