New Delhi: India and UAE on Friday signed Mutual Recognition Arrangement (MRA) for authorised economic operators (AEOs) of both countries, the CBIC said. The AEO programme enables Customs administration to identify safe and compliant exporters and importers and to provide them better facilitation. Under MRA, Customs authorities recognise AEOs of both countries, which in turn helps…
New Delhi: India and the US have agreed to discuss New Delhi’s demand for restoration of GSP benefits to domestic exporters and now both sides will commence discussions to find a solution, Commerce and Industry Minister Piyush Goyal said on Friday. The previous Trump administration in the US revoked the Generalized System of Preferences (GSP) from…
New Delhi: The decision of India and the US to end their six trade disputes at the World Trade Organisation (WTO) will help boost two-way commerce and strengthen economic ties, experts said. They also said that both the countries should put in place a proper and strong mechanism to resolve trade related issues bilaterally so…
Bengaluru: A 4-0 hammering of Pakistan giving them the perfect start, India will have a wonderful opportunity to move closer to the semifinals of the SAFF Championship when they face Nepal here on Saturday. On paper, the hosts hold all the aces, evidenced by an overwhelming 16-2 overall head-to-head record in 23 matches played between them,…
Washington: The societies and institutions of both the US and India are based on democratic values and both countries take pride in their diversity, Prime Minister Narendra Modi said at the ceremonial welcome at the White House ahead of his official talks with US President Joe Biden. The constitution of both countries begins with the…
New Delhi: Computer storage chip maker Micron will set up its semiconductor assembly and test plant in Gujarat entailing a total investment of USD 2.75 billion (around Rs 22,540 crore), the company said on Thursday. The total cost of the plant comprises USD 825 million (around Rs 6,760 crore) from Micron and the rest from the…
New Delhi: Manipal Technologies Limited on Thursday said it has partnered with state-owned Indian Bank to drive financial inclusion by offering customised banking products. The partnership aims to build a sustainable network of corporate business correspondents (CBCs) that will enhance the availability, affordability, and accessibility of financial services, particularly in underserved markets and rural areas,…
New Delhi: Mumbai Metropolitan Region (MMR) has witnessed a 33 per cent annual increase in unsold homes, priced Rs 40-80 lakh each, to 53,550 units at the end of March this year, according to property consultant Anarock. “Overrall unsold housing stock across all budget categories in MMR saw a yearly rise of 13 per cent —…
New Delhi: The government has called for co-development and co-production of advanced technologies by Indian and American startups as the India-United States Defence Acceleration Ecosystem (INDUS-X) was launched at an event in Washington, the defence ministry said on Thursday. At the launch of INDUS-X, Joint Secretary (Defence Industries Promotion) Anurag Bajpai asked the participants to develop…
London: British Prime Minister Rishi Sunak has welcomed India’s budget carrier IndiGo’s multi-billion-dollar order of 500 Airbus aircraft as a major win for the UK aerospace sector, which will support thousands of jobs and economic growth of the country. IndiGo, India’s largest airline by market share, and Airbus, one of the largest commercial aerospace companies…
