India will not be signing the ambitious Free Trade Agreement with the 10-nation economic bloc, Association of Southeast Asian Nations, at the 4th East Asia summit to be held in Thailand on April 11 and 12. Commerce Minister Kamal Nath will be attending the summit, where the seventh India-Asean meeting is also scheduled at the same venue.
At least 35 per cent, or $400 billion worth of goods, that are sourced from China could shift to countries such as India, Thailand, Vietnam among others over the next 10 years, according to a study by US-based retail and supply chain solutions firm DCB and Company. India is expected to take the lion's share of volume shift compared to its counterparts in the region, the study says, due to its IT prowess, infrastructure and agents network.
Jet Airways chairman Naresh Goyal said his airlines, if given permission, would start off by flying to Southeast Asian countries.
Korean electronics major Samsung expects its new foldable devices Galaxy Fold 5 and Galaxy Flip 5 will enable it to capture half of the super premium smartphone segment in India, currently dominated by iPhone maker Apple.
China will honour its Free Trade Area agreements with its trading partners, levy negotiated tariffs on some Indian goods
The Association of Southeast Asian Nations is expected to sign a free trade agreement with India next week, Malaysian International Trade and Industry Minister Rafidah Aziz has said.
"The decision has nothing to do with warnings from the United States, Britain and Australia earlier this week that terrorists were planning to bomb the gathering."
By hosting the 10 ASEAN leaders on Republic Day, India amply demonstrated that ASEAN is a central pillar of its Act East policy. But is India 'central' for ASEAN, asks Dr Rahul Mishra.
Sotheby's auction will be followed on Thursday by Christie's.
Vroom! Indonesia president a hit on social media after motorbike stunt
Those in the soccer competition that started ahead of the main event beginning on Saturday have borne the brunt of the disruption.
Close on the heels of proposing an 'open sky' agreement with 10 Southeast Asian countries, the government said on Wednesday that it is working on a similar move for other countries
The second match to raise funds for victims of the tsunami disaster will be moved from India unless it is granted tax exempt status, the ICC said.
Having initiated Regional Trade Agreements and done away with quantitative restrictions on imports, India said on Friday it was now looking at free trade agreement with ASEAN in the next 10 years.
Japanese auto major Nissan on Wednesday said it is discontinuing Datsun brand in India, nine years after the company kicked off the marque's global relaunch in the country. Having failed in its ambitious global relaunch of Datsun, Nissan had in 2020 discontinued the brand in Russia and Indonesia, the other two countries along with South Africa and India which were marked as key markets targeting the entry level car segment. Confirming the move to discontinue the Datsun brand, Nissan India in a statement said, "Production of Datsun redi-GO has ceased at the Chennai plant (Renault Nissan Automotive India Private Ltd). "Sales of the model still continue (till the stock lasts)."
State-run Air-India will lease 14 Boeing aircraft to launch a no-frills airline that will slash passengers' fares by 25 per cent, an airline official said.\n\n\n\n
Lou also spoke about China's tensions with neighbouring countries without directly mentioning the eastern Ladakh border standoff with India since May 2020 which resulted in the Galwan Valley clash in June of that year.
This includes over $15 billion of proposed investment in the infrastructure sector in the Indo-Pacific and $9 billion for shoring up American defence in the region.
Researchers found that India, along with China and Japan, were the three leading countries in Asia in terms of number of new cases and deaths, where they say cancer has become a more significant public health threat with 94 lakh new cases and 56 lakh deaths in 2019.
Sources said China was forcefully pushing for inking the deal during the RCEP summit later in the day, which was seen as an attempt to counter-balance the impact of its lingering trade war with the US as well as to project the region's economic might to the West.
An array of Olympians and stars of sports niche and new arrive in the South Korean city of Incheon for the 17th Asian Games this month, bringing together some 10,000 athletes for a 16-day multi-sport spectacular second only in scale to the Summer Olympics.
In a statement ahead of his visit to the Indonesian city for the G20 leaders' summit, Modi said he will also highlight India's achievements and its 'unwavering commitment' to collectively address key global issues.
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