Naukariadda

The India-UK Comprehensive Economic and Trade Agreement, which comes into force on July 15, almost a year after it was signed, will give immense opportunity to Indian exports to garner higher market share.Kirtika Suneja takes a look at the bilateral trade landscape, gains and the hurdles overcome to achieve the historic deal:Bilateral goods trade between India and the UK has steadily expanded over the past five years. India's exports rose from $10.4 billion in FY22 to $13.4 billion in FY26, while imports increased from $7.1 billion to $11.7 billion during the same period.132351512The FTA resolves key trade barriers by excluding India's steel exports from the UK's proposed safeguard measures and addressing concerns around the UK's Carbon Border Adjustment Mechanism (CBAM). Around 85% of India's steel exports remain outside these measures, with iron and steel exports to the UK valued at $893 million in FY26.Also read: Want a Rolls-Royce or Land Rover? Premium cars to ...

Mumbai: Corporates will have to spell out the anti-money laundering and due diligence measures undertaken on overseas business partners and co-investors in foreign joint ventures and subsidiaries, and describe the processes followed in carrying out these checks.Such information, rarely, if ever, sought earlier, will be gathered by banks from corporate clients with overseas direct investments (ODIs) and shared with the Reserve Bank of India (RBI).Amid concerns that some overseas investments may not flow into bona fide businesses, questions on credential and know-your-customer (KYC) checks of foreign partners feature in a long list of probing queries from the regulator.132351222Besides key financial data since 2021-22, corporates have been asked to disclose energy consumption, R&D expenditure, headcount and employee costs of every foreign entity, and clarify whether these entities have physical offices and take independent business decisions.ET has reviewed RBI's questionnaire se...

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Dubai: Mysterious, unclaimed airstrikes that hit Iran after the U.S. said it finished its attacks have again raised questions of who else may be targeting the Islamic Republic.The strikes Thursday, just as Iran prepared to bury the late Supreme Leader Ayatollah Ali Khamenei, hit areas across southern Iran. The country's theocracy hasn't directly blamed anyone, though one lawmaker warned the United Arab Emirates about allegedly providing support to the U.S. campaign against Iran.Gulf Arab states, which Iran has targeted repeatedly since the war began Feb. 28, did not immediately respond to requests for comment Friday over the strikes. The attacks come as those Gulf nations and the U.S. insist that the Strait of Hormuz, a vital waterway for world energy markets, must be open and free to ships to transit.Iran says the strait must now be under its sole control and that vessels should begin to pay fees to Tehran - even though the world for decades has considered it an international ...

New Delhi: The government is considering launching a nationwide retail consumption survey to generate granular data on consumer spending patterns, people aware of the development said.The proposed survey, to be conducted by the ministry of statistics and programme implementation (MoSPI), will cover businesses across all National Industrial Classification (NIC) codes, from utensil and machinery stores to pharmacies and apparel outlets. It is expected to track retail sales of consumer durables and non-durables.The survey is likely to capture the value and volume of goods sold through retail establishments across states. "The government is considering the survey; no timeline has been decided yet," a government official saidAlso Read: Ecommerce isn't adding much to Retail Inc's cart132319005MoSPI is examining the time period of the survey, the official added.Unlike the Household Consumption Expenditure Survey (HCES), which records household consumption during a reference ...