Washington, April 23 (IANS) India’s transformation is being powered by a “primary and core impulse” of economic growth, prosperity, and national security, India’s Ambassador to the United States Vinay Mohan Kwatra said, outlining sweeping changes in governance, infrastructure, and technology.Speaking at The New India Conference in Washington, Kwatra said: “The primary impulse remains economic growth and prosperity… and the other challenges that we face to our national security, including c…
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New Delhi, April 23 (IANS) Commerce and Industry Minister Piyush Goyal said on Thursday that the India–South Korea free trade agreement (FTA), signed in 2009 and brought into effect in 2010 during the Congress-led UPA II government, is the result of a poorly negotiated, imbalanced agreement tilted against India.“Since then, bilateral merchandise trade between the two countries has increased by 92.7 per cent, with India’s imports rising by 103.7 per cent, clearly not favouring India. Thus, …
New Delhi, April 23 (IANS) Private sector activity in India accelerated in April, supported by capacity expansion, better demand conditions, rising intakes of new work and tech investment, the HSBC ‘Flash India PMI Composite Output Index’ showed on Thursday.The seasonally-adjusted index, that measures the month-on-month change in the combined output of India’s manufacturing and service sectors – was up from a final reading of 57.0 in March to 58.3 in April.New orders rose at a quicker pace t…
Washington, April 23 (IANS) US Trade Representative Jamieson Greer mounted a strong defence of the Trump administration’s trade policy, telling lawmakers that tariffs and aggressive negotiations were beginning to deliver tangible gains for American workers and industry.Appearing before the House Ways and Means Committee, Greer said the administration’s approach marked a decisive break from past policies that, in his view, encouraged offshoring and weakened domestic manufacturing.“We’re exp…
Bhubaneswar, April 21 (IANS) Odisha government’s State Level Single Window Clearance Authority (SLSWCA) on Tuesday approved as many as 18 industrial projects with a total investment of Rs 3,877.14 crore. According to an official statement, these industrial projects, approved during the 146th meeting of the SLSWCA, Odisha, chaired by Chief Secretary Anu Garg, are expected to generate 7,565 employment opportunities. The industries are proposed to be established across 11 districts, including Bal…
New Delhi, April 21 (IANS) In a bid to deepen business partnerships between the UK and India across innovation, manufacturing and technology-led sectors, the UK India Business Council (UKIBC) and T-Works Foundation signed a memorandum of understanding (MoU) on Tuesday.The MoU was signed in Hyderabad in the presence of Gareth Wynn Owen, British Deputy High Commissioner to Telangana, aimed at creating a streamlined pathway for UK companies to ideate, prototype and scale products within India’s f…
New Delhi, April 17 (IANS) India’s logistics sector is projected to touch $362 billion by FY30 from $246 billion in FY25, growing at a CAGR of 8 per cent over rising consumption, expanding trade, as well as cost optimisation and efficiency gains from key government schemes, a report said on Friday.The report from Brickwork Ratings projected freight volume to exceed 7,100 million tonnes by FY30 from roughly 5,000 tonnes in FY24, at a CAGR of 6.1 per cent.“Manufacturing, construction, e-commer…
New Delhi, April 16 (IANS) India’s role in Nepal’s progress will become increasingly crucial as the Himalayan nation prepares to graduate from least developed country (LDC) status in November 2026, a new report has said.Completion of connectivity projects and the full realisation of the Agreement for Long Term Power Trade will reduce Nepal’s trade deficit with India, the report from East Asia Forum said.While Nepal aims to strengthen manufacturing capacity and boost exports to ensure a “smoo…
New Delhi, April 16 (IANS) US tech giant Apple announced on Thursday that a record 30 per cent of material across all its shipped products in 2025 came from recycled content.The company has removed plastic from packaging and now uses 100 per cent recycled cobalt in Apple‑designed batteries, it said in a statement.The Cupertino-based company also uses 100 per cent recycled rare earth elements in all magnets. It also removed plastic from packaging, with Apple products now shipping in fibre-based…
Washington, April 16 (IANS) Tax exemptions on overtime and targeted relief for small businesses have emerged as key drivers behind the uptake of President Donald Trump’s tax cuts, according to the White House. US Treasury Secretary Scott Bessent told reporters at a news conference that the most widely used provision in the new tax framework was the exemption on overtime income, with more than 25 million filers claiming the benefit.He said the policy was designed to reward additional work. “I…