Washington, Feb 3 (IANS) India’s External Affairs Minister S. Jaishankar on welcomed the US–India trade deal announced after talks between Prime Minister Narendra Modi and President Donald Trump, calling it a boost for jobs, growth, and innovation in both economies.The minister arrived in New York on Monday on a three-day official trip to attend the Critical Minerals Ministerial being hosted by his American counterpart, Secretary of State Marco Rubio.“This will create more jobs, spur growt…
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New Delhi, Feb 2 (IANS) Union Budget 2026‑27 marked a “pragmatic approach” with “no fireworks,” laying the groundwork for a stable medium‑term growth environment, without focusing on immediate catalysts for equity markets, a report has said.Global Brokerage Jefferies India in the report lauded the renewed emphasis on capital expenditure, particularly in defence, which was enabled by slower fiscal consolidation.The brokerage also welcomed support for data centres and electronics compo…
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman rolled out a range of customs duty cuts across sectors such as marine products, textiles, leather, and defence and aviation sectors to boost manufacturing and increase exports in the Union Budget 2026-27 presented in the Lok Sabha on Sunday.As part of sector-specific measures to promote exports of marine products, the Finance Minister proposed to raise the limit for duty-free imports of specified inputs used for processing seafood for e…
New Delhi, Feb 1 (IANS) Presenting the Budget for 2026-27 on Sunday, Union Finance Minister Nirmala Sitharaman proposed a dedicated freight corridor connecting Surat in Gujarat and Dankuni in West Bengal. The new freight corridor will establish a direct link between the two states, setting up new corridors for logistics and freight movement.The Finance Minister also proposed to operationalise 20 new national waterways over the next five years, to promote an environmentally sustainable route for …
New Delhi, Jan 30 (IANS) Prime Minister Narendra Modi on Friday highlighted that the historic India-EU free trade agreement fully aligns with the vision of making India a developed country.The Prime Minister referred to an article written by Commerce Minister Piyush Goyal stating that “the government has delivered a transformative agreement that expands markets, creates jobs and protects India’s core interests”.In the article, Goyal has stated that the India–EU free trade agreement is a hist…
New Delhi, Jan 28 (IANS) The India-EU FTA benefits could eventually go beyond goods trade, including larger FDI flows, more services trade and strategic diversification, HSBC Global Investment Research said on Wednesday.The FTA is described as the “mother of all deals” – which is balanced, yet ambitious and mutually beneficial for both parties. In FY25, India-EU goods trade was almost $140 billion.Details show that the India-EU trade is built on complementary value chains. The EU sells capital…
New Delhi, Jan 27 (IANS) European Commission President Ursula von der Leyen announced on Tuesday the successful conclusion of the India-EU free trade agreement, referring to the pact “as the mother of all deals”.“Europe and India are making history today. We have concluded the mother of all deals. We have created a free trade zone of two billion people, with both sides set to benefit,” the EC President wrote on X.“This is only the beginning. We will grow our strategic relationship to b…
Washington, Jan 26 (IANS) The United States stressed the depth of its relationship with India, extending greetings to the country on Republic Day and highlighting expanding cooperation across strategic sectors and sustained engagement in the Indo-Pacific.“The United States and India share a historic bond,” US Secretary of State Marco Rubio said as Washington congratulated the people of India on their national occasion.“On behalf of the people of the United States, I extend my heartfelt con…
New Delhi, Jan 25 (IANS) External Affairs Minister S. Jaishankar on Sunday met European Council President Antonio Costa and European Commission President Ursula von der Leyen, who are the Chief Guests for the Republic Day ceremony, and expressed confidence that their upcoming discussions with Prime Minister Narendra Modi will herald a new chapter in India-EU ties. “Delighted to welcome President European Council President Antonio Costa and President European Commission Ursula von der Leyen to In…
Seoul, Jan 25 (IANS) Foreign ownership of South Korean stocks as a share of total market capitalisation reached its highest level in five years and nine months in January, driven by net purchases in the shipbuilding, defence and nuclear power industries, the main bourse operator said on Sunday.Foreigners’ stock holdings rose to 37.18 per cent of total market capitalisation on January 7, the highest level since April 9, 2020, when the rate was at 37.34 percent, according to data from the Korea Ex…