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Mumbai: India has concluded nine free trade agreements (FTAs), covering 38 nations, enabling the country's shipments to get preferential access to nearly two-thirds of global markets, Commerce and Industry Minister Piyush Goyal said on Wednesday. Addressing the EY Entrepreneur Of The Year Awards ceremony here, Goyal said that these pacts will help Indian goods, services, agricultural and fisheries products, and labour-intensive sectors reach new markets, integrate into global value chains and enhance talent mobility. He said that every country wants to enter into a trade deal with India and added that "I have had an engagement with Chile, which wants to conclude the FTA this week. We are launching (FTA talks with) Canada, hopefully when the prime minister (Mark Carney) is here on Monday." He said that India should be able to finalise the Terms of Reference and launch FTA negotiations with Canada. Goyal underscored that India's youth and human capital are at the heart ...

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Outstanding credit to the commercial sector crossed Rs 300 lakh crore at end-January, up 14.7% year on year, signalling a pickup in loan demand in response to the 125-basis-point cut in the policy rate by the Reserve Bank of India (RBI) over the past year to spur growth. One basis point is a hundredth of a percentage point. Incremental credit growth in the first 10 months of this fiscal year was Rs 34.5 lakh crore, up 35% over the corresponding period, data published by the RBI in its latest monthly bulletin showed.128727621 The gap between bank credit and non-banking sources of credit widened in January over the corresponding period. "This shows banks have regained the ground in providing credit," said Madan Sabnavis, chief economist, Bank of Baroda. The gap between bank and non-bank sources widened to Rs 9 lakh crore for the 10 months ending January 2026. The gap was as narrow as Rs 2.5 lakh crore in 10-months ending January 2025. "The pickup in credit offtake reflects...

Former British ambassador to the U.S. Peter Mandelson has been arrested by London police on suspicion ‌of misconduct ⁠in ⁠public office. Mandelson, 72, was fired from the most prestigious posting in Britain's diplomatic service in September, when the depth of ⁠his friendship ‌with Jeffrey Epstein started to become ⁠clear. Police earlier this month began a criminal investigation into Mandelson after Prime Minister Keir Starmer's government passed on communications between the former ambassador ‌and Epstein. "Officers have arrested a 72-year-old man on suspicion ⁠of misconduct in public office," London's Metropolitan Police said in a statement relating to an investigation into a former government minister. from Economic Times https://ift.tt/4u0qUyn

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