The David Cameron government has accepted the recommendation of the Migration Advisory Committee to specialist jobs such as pharmacists, veterinary surgeons, and speech and language therapists.
India's merchandise exports dipped marginally in March to $41.69 billion, and by 3.11 per cent during the last fiscal year to $437.06 billion mainly due to continued geopolitical turmoil, and depressed global trade. Imports, too, declined in March as well during the entire 2023-24. Trade deficit, or the gap between imports and exports, narrowed 17.74 per cent in March to $15.6 billion and came down 9.33 per cent to $240.17 billion in FY24.
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.
India, Russia, the US, China and several other countries would meet in Moscow later this month to decide on whether to take retaliatory measures against the EU on its 'unilateral' decision to impose carbon tax on air travel.
Gunmen launched an attack on the European Union military mission's headquarters in the Malian capital, Bamako, the apparent latest in a string of attacks on Western interests in the region.
"We expect to host the India-EU summit under the UK presidency in New Delhi and welcome the British Prime Minister to our country later this year," External Affairs Minister Natwar Singh said.
The European Union has recently introduced a condition on exporters to give a certificate with dispatches that they contain traditional Basmati rice to avail a rebate of 250 Euro per tonne, Lok Sabha was informed on Friday.
The European Union, which will soon kick-off an energy dialogue with India, has said it is not opposed to a $4.16 billion pipeline project to pump gas from Iran to India through Pakistan.
The EU should eliminate tariffs on 95 per cent of the goods under the Free Trade Agreement instead of the 90 per cent being targeted by the India-EU High Level Trade Group, the industry body said.
European Union presents India with a huge opportunity to tap the services sector there including the information and communication technology, but Indians need to overcome the language barrier, said a senior official on Thursday.
John Clancy, spokesperson for the European Commission's trade directorate, told Business Standard this week's talks would focus on 'tariffs and services'.
Genset manufacturer Cummins India has seen its share price rise by 45 per cent in the past three months. The management has reaffirmed that growth would be in double digits over the coming two fiscal years. Growth is expected to be driven by a pickup in domestic infrastructure spending.
Citing the latest statistics from Eurostat, the ministrysaid trade between China and the European Union totalled Euro35.6 billion ($49.4 billion) in July, allowing the countryto overtake the US.
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'.
But the EU would like New Delhi to first fulfil certain 'necessary preconditions.'
Deadline to submit convincing reform plans is this week.
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.
A new rule by the European Union on duty-free purchases has raised strong protests from India's duty-free retail owners.
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.
Bangladeshis say it is easier in Portugal to get Residency papers, which give them access to all EU countries, reports Sunanda K Datta-Ray.
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.
Describing the India-EU relations as "exceptionally good," Nicholson said the EU would not get involved in Kashmir unless both parties invited it.
Tough intellectual property rights sought by the EU in its free trade agreement with India have set off global protests
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.
The Indian government is keen to woo major semiconductor players, but a global race to attract them to countries where there is already an ecosystem is making it difficult for India to attract the biggies in the business. On Wednesday the government decided to throw open the doors to more players to participate in its semiconductor scheme. It is now looking at not only 28 nanometre (nm) chips and below, but higher nodes like 40 nm.
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 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.
Labour MP Jo Cox was holding a meeting with constituents, in her local constituency when an altercation reportedly led to the attack.
Air India has ordered 470 aircraft to serve the Indian economy and is set to receive a new aircraft every six days over the next 18 months, CEO and MD Campbell Wilson said on Friday. He was speaking at the 67th Assembly of Presidents of the Association of Asia Pacific Airlines here. "We have new aircraft, we are recruiting many, many new crew and staff, improving the training regime and there is more work to do and we are making good progress," he said.
Certain changes in the past two or three years could have a long-term structural impact on the IT services market.
