India on Thursday raised the contentious issue of higher GSP concessions to Pakistan with the visiting EU Trade Commissioner Pascal Lamy.\n\n\n\n
Within a week of a British court striking down the interim cap on professionals from India and other non-EU countries, the Home Office made necessary changes to the measure and announced that the cap until April 2011 was 'legal and up and running'.
Deadline to submit convincing reform plans is this week.
The G20 leaders will deliberate on pressing global issues at the grouping's annual summit here on September 9 and 10. India is hosting the summit in its capacity as the current G20 chair.
European Union leaders are expected to clear the way for releasing 31.5 billion euro ($41 billion) in urgently-needed financial assistance for debt-stricken Greece at their two-day summit which opens in Brussels today.
But the EU would like New Delhi to first fulfil certain 'necessary preconditions.'
President Xi is also skipping the ASEAN (Association of Southeast Asian Nations) and East Asia summits in Jakarta this week.
Bangladeshis say it is easier in Portugal to get Residency papers, which give them access to all EU countries, reports Sunanda K Datta-Ray.
In 2007, India slashed the additional customs duty it charged on imported (which were up to 150 per cent of value of imports depending on the spirits), but simultaneously hiked the basic customs duties to 150 per cent from 100 per cent.
The long-pending issue of seizure of Indian generic drugs by European Union countries has been resolved, with the EU accepting India's position and agreeing to amend the rules to plug the loopholes that led to the seizure of shipments.
A new rule by the European Union on duty-free purchases has raised strong protests from India's duty-free retail owners.
Grabbing the opportunity, companies are lining up with investment in Uttar Pradesh, Punjab and Haryana for processing plants to milk the export market. Global giants such as Group Danone and Fonterra are firmly in India.
India is negotiating for a comprehensive economic partnership agreement with Malaysia and Japan and a broad based trade and investment agreement with the EU.
Last week's panic in financial markets finally forced European policy-makers into taking decisive action.
Tough intellectual property rights sought by the EU in its free trade agreement with India have set off global protests
Describing the India-EU relations as "exceptionally good," Nicholson said the EU would not get involved in Kashmir unless both parties invited it.
Commerce secretary Sunil Barthwal is set to attend a two-day meeting from October 23 at the World Trade Organization (WTO) headquarters in Geneva, that would focus on finding solutions and giving the 'necessary political push' for at least some crucial global trade issues. Next week's meeting comes ahead of the WTO's 13th ministerial conference (MC13), scheduled in Abu Dhabi in February 2024. It will see participation of senior government officials from all WTO member nations.
Foreign ministers of G20 major economies will meet in the national capital on March 1 and 2 to deliberate on pressing global challenges amid escalating confrontation between Russia and the West over the Ukraine conflict that entered the second year this week.
European governments have stepped up diplomatic efforts to de-escalate the crisis in Ukraine, encouraged by Russian President Vladimir Putin's assurance that his country has no intention to annexe the Crimean peninsula or to wage a war against its neighbour.
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.
Labour MP Jo Cox was holding a meeting with constituents, in her local constituency when an altercation reportedly led to the attack.
Most of India's oil supplies are expected to stay safe because of the country's good relations with both Russia and Iran. That would take care of over a third of India's supplies.
The team originally comprised 27 parliamentarians, mostly from extreme right or right wing parties, but four did not travel to Kashmir and have reportedly returned to their respective countries, officials said.
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
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.
A third of the global economy will be in recession this year, the IMF chief has said, and warned that 2023 will be "tougher" than last year as the US, EU and China will see their economies slow down. Kristalina Georgieva, the chief of the International Monetary Fund (IMF) made these grim assertions on Sunday during a CBS news programme "Face the Nation." It comes at a time when the ongoing conflict in Ukraine shows no signs of abating after more than 10 months, with spiralling inflation, higher interest rates and the surge in coronavirus infections in China fuelled by the Omicron variant.
"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."
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.
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.
The EU blacklist was drawn up late in 2001, following the September 11 attacks in New York and Washington and is revised regularly.
Come December, India may have to re-evaluate purchases of Russian oil if a price cap on crude oil proposed by the US and the European Union (EU) comes into effect. That impacts nearly a quarter of India's oil purchases that come at a discount, helping limit marketing losses for India's state refiners and enabling New Delhi to manage inflation by freezing pump prices of motor fuels. In September, India imported 1 million barrels a day or 24 per cent of its overall imports from Russia, which became the biggest supplier of oil to India.
On March 15, France imposed financial sanctions on Azhar.
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.
Underlining the contribution of non-resident Indians, Union Finance Minister Nirmala Sitharaman on Tuesday said remittances sent to the country by overseas Indians were about $100 billion for the year 2022, an increase of 12 per cent in one year. Speaking at a session during the Pravasi Bharatiya Divas (PBD) convention in Madhya Pradesh's Indore city, she described NRIs as the "real ambassadors of India" and appealed to them to use made in India products and services as far as possible so that the country's individual brand can be promoted across the globe. Sitharaman also said that after the "China plus one" policy, the world is now talking about the "European Union (EU) plus one" policy.
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.
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.
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'.
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