It's time for Indian generic companies to rethink their strategies.
In a significant development, India is believed to have placed a funding request of around $55 million in its first call with the Pandemic Fund of the World Bank, sources said. The fund has been set up to finance critical investments in a bid to strengthen pandemic prevention, preparedness, and response capacities at national, regional, and global levels, with a focus on low- and middle-income countries. It was created in the aftermath of the Covid-19 global pandemic.
India would have to put at least 10 percent of scientific, managerial and industrial inputs in the project.
The talks are being held in Brussels between high-level delegations from India and EU, led by Commerce Secretary G K Pillai and Director General of European Commission Davis O'Sullivan.
It sets the clock for a two-year negotiation process for Britain's relationship with the EU as a non-member.
The government is targeting export of goods and services worth $2 trillion by 2030.
The European Union on Tuesday agreed with New Delhi that there needs to be in place some sort of livelihood security for farmers in agriculture negotiations at the World Trade Organisation
Amid the raging controversy over Mittal Steel's takeover bid for rival Arcelor, the European Union on Tuesday said it was against racial discrimination
Freer movement of Indian professionals in 25 European Union member countries is likely to be a reality in the near future, as this will be a key point of negotiations in the proposed Free Trade Agreement with EU.
As casualty figures rose from the devastating quake the European Commission, the EU's executive arm, said up to three million euros could be approved within a day if requested by agencies working on the ground.
EU shares its view that a new direction has to be given in energy cooperation for development of alternate sources of energy.
Second-tier Formula One teams Sauber and Force India lodged official complaints with the EU's competition regulator, alleging that the sport's governing body mismanages prize money.
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.
Says it is ready to show flexibility on all major issues
European Union trade commissioner Pascal Lamy will visit India next month to discuss issues involved in Indo-EU trade relations.
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.
Calling India one of the most attractive investment destinations globally, vice president of European Commission Jyrki Katainen also complimented the government for its resolve to roll out the GST.
May has already announced that she will make a statement to the House of Commons shortly after invoking Article 50 of the Lisbon Treaty.
The bill will now go to the House of Lords on Monday for voting before royal assent from Queen Elizabeth II to become law.
'India has to think about modulating its position on Iran,' says US Congressman and India ally Gary Ackerman.
China on Friday announced a voluntary but drastic hike on export tariffs on 74 categories of textile products to douse a raging dispute with the United States and the European Union
Responding to questions on Pakistan Prime Minister Imran Khan quoting a European Union disinformation lab report to accuse India of subversive activities through fake media organisations and similar allegations by Pakistan Foreign Minister Shah Mehmood Qureshi, Ministry of External Affairs Spokesperson Anurag Srivastava said that as a responsible democracy, India does not practice disinformation campaigns.
India imported goods worth $4.23 billion in June from sanctions-hit Russia, up 6.8 times as compared to last year, as demand for shipments of crude oil grew at the fastest pace during the month. Crude oil worth $3.02 billion was imported in June, which translates into a share of 71 per cent of the total imports from Russia, commerce and industry ministry data showed. Similarly, during the April-June quarter, India's imports from Russia were valued at $9.27 billion, up 369 per cent on year.
The bank remains on high alert to intervene if markets freeze.
Hit by the growing non-tariff barriers imposed by the European Union, India is likely to raise the issue at the day-long India-EU summit at The Hague on Monday.
India has expressed concerns at the loss of over $250 million annually in its textile trade due to the discriminatory concessions extended by the European Union to Pakistan under the revised GSP regime.
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.
The European Commission will begin disciplinary action against seven Spanish clubs including Real Madrid and Barcelona over possible illegal state aid, Spanish foreign minister Jose Manuel Garcia Margallo said on Monday.
May now faces the final and biggest hurdle of getting the deal approved by the UK Parliament where many MPs from her own party remain vehemently opposed to it.
The latest extension until October 31 makes it more likely that the UK would have to contest the European elections next month, something none of the British political parties were looking forward to in light of the June 2016 referendum in favour of Brexit.
