The Indian government has imposed import restrictions on all forms of gold, silver, and platinum articles to prevent misuse of free trade agreements (FTAs). The restrictions apply immediately, regardless of prior contracts or commitments.
Canadian Prime Minister Mark Carney on Tuesday warned that the world is witnessing a fundamental 'rupture' in the global order rather than a gradual transition, cautioning against weaponising trade, finance, and supply chains.
Singapore police clarify that musician Zubeen Garg died after swimming off Singapore Island, not scuba diving. An autopsy report has been shared with the Indian High Commission, and foul play has been ruled out.
The 15th India-Vietnam Defence Dialogue signalled a move from routine talks to deeper cooperation, with new deals on submarine rescue and defence industry to support stability in the Indo-Pacific, notes Dr Rajaram Panda.
Between April and August this financial year, passenger car exports rose 8.5 per cent year-on-year (Y-o-Y), while domestic sales fell by 8.5 per cent.
'Zubeen Garg had come on his own free will.'
More Indians start car shopping online, pushing automakers and dealers to respond quickly, train staff, and use AI to turn clicks into showroom visits.
India-ASEAN Summit, scheduled for December 17 in Thailand, has been postponed as crisis-ridden South-East Asian country is unable to host the meet.
Hectic parleys through out the year led to finalisation of the long-awaited India-ASEAN Free Trade Agreement on services and investment during the 20th India-ASEAN Commemorative Summit held in New Delhi at the end of the year.
Observing that India-ASEAN ties were at an 'exciting stage', Singh said the two sides had framed a new paradigm by elevating the relationship to a strategic partnership and by concluding negotiations on free trade agreement in services and investment.
The prime minister also welcomed convergence of views between India and ASEAN for cooperation in the Indo-Pacific region.
From the outcome of the general elections and then Union Budget to tepid corporate earnings in the September 2024 quarter (Q2-FY25), sticky inflation and Reserve Bank of India's stance on interest rates, extreme weather conditions, Indian stock markets have braved it all in calendar year 2024.
The inaugural India-ASEAN Car Rally on Tuesday kicked off from the historic Judges field in Guwahati.
India-ASEAN Free Trade Agreement talks are in troubled waters with Asean insisting on New Delhi to eliminate its big list of negative items, contrary to the stand taken by the former.
The India-Asean free trade agreement (FTA) in merchandise goods has failed to realise its full potential, even as the deal was implemented in January 2010 to facilitate greater trade in the region. As a result, reduction of duties on several products might get delayed.
Talks on the ambitious India-Asean Free Trade Agreement have received another setback due to the violent protests at the Asean summit venue in Thailand last Sunday.
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.
Officials from India and the Association of Southeast Asian Nations would resume their talks to widen of the scope of a Free Trade Agreement with the 10-nation trading bloc to cover services and investment.
As India seeks to deepen its engagement with the 10-nation bloc of small and medium economies, Modi said both India and the Association of Southeast Asian Nations are keen to enhance their cooperation in advancing balance, peace and stability in the region.
"We hope to reach a solution by July 2007," the minister said after the ASEAN-India economic minister's meeting held in Cebu, Philippines.
Taking India's Look East policy a step further, Prime Minister Manmohan Singh on Saturday announced visa-on-arrival facility for citizens of Cambodia, Vietnam, Philippines and Laos; and emphasised the need to speed up the finalisation of a free trade agreement in services and investment between India and South East Asian nations.
Trade ministers of India and ASEAN countries are likely to meet in Singapore next month to work out a common ground so that the much-awaited India-ASEAN free trade agreement takes off next year.
The prime minister said he would hold bilateral meetings, among others, with Philippines President Gloria Macpagal Arroyo, Chinese Premier Wen Jiabao and Vietnam's Prime Minister Nguyen Tan Dung.
Commerce Minister Kamal Nath will attend an informal ASEAN Economic Ministers-India Consultation in Kuala Lumpur
India's leading steel companies hope the Modi 3.0 Budget will continue the massive capital expenditure currently underway, focusing on infrastructure development, manufacturing, and fair trade. The infrastructure segment is the largest steel user, and the government's focus has fuelled steel consumption even as international markets have underperformed. According to provisional statistics, steel consumption grew 13.6 per cent in FY24, reaching 136 million tonnes (mt), according to a CRISIL report.
The Central Board of Indirect Taxes and Customs (CBIC) has stepped up its watch on the import of unbranded gold jewellery amid a spurt in seizures on international borders and from importers. During FY24, the CBIC and Directorate of Revenue Intelligence (DRI) jointly seized about 5 tonnes of gold, 30 per cent more than what they did in FY23. In FY23, 3.5 tonnes of gold was confiscated.
Aiming to give fillip to India's Look East policy, Prime Minister Manmohan Singh is expected to announce new initiatives to take forward ties with the ASEAN by setting up a mission and appointing an ambassador for the 10-member grouping.
Thailand, Indonesia want unconditional access to India's multi-brand retail space.
In a strong message to China, India and ASEAN on Thursday called for a "full and effective" implementation of the understanding between the parties involved in the South China Sea dispute, while stressing on maritime security and freedom of navigation in the critical sea lanes.
Currently, the trade between India and Association of South East Asian Nations stood at $80 billion.
The two sides are engaged in negotiations to expand the ambit of FTA in goods to include trade in services and investments.
According to a senior commerce department official, talks between India and the Association of South East Asian Nations (Asean) - the 10-country trading bloc - have hit a roadblock, with some of the advanced developing countries demanding greater flexibilities from India.
India and ASEAN are working on a list of items on which the two sides will bring down tariffs faster and implement it by January next year.
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