The India-UK free trade agreement begins implementation, boosting Indian exports to the UK. Indian service providers and professionals will gain greater access to the United Kingdom market. Many Indian products will enter the UK duty-free, enhancing export competitiveness significantly. Digital service delivery is fully opened, benefiting global capability centers in India. A double contribution convention
India is inserting a new clause into its foreign trade policy. This clause will allow blocking imports produced using forced labour. The government will use the International Labour Organisation’s definition of forced labour. This move strengthens India’s legal framework for trade negotiations. The notification becomes effective after thirty days from its issuance.
US senators unveiled a revised Russia sanctions bill targeting major energy buyers. This legislation seeks to pressure Moscow and its key oil and gas importers. The updated bill reduces previously proposed tariffs on top purchasers like China and India. It also targets Russia’s shadow fleet and financial institutions involved in its war. This measure aims
India Post achieved its highest-ever first-quarter revenue of Rs 4,008 crore. This revenue marks a significant 22.2 percent increase from the previous year. The parcel and mail segments showed substantial revenue growth during this period. Citizen-centric services also experienced an impressive 86 percent jump in revenue. Several postal circles demonstrated strong performance across various business
The move comes against the backdrop of a US investigation into forced labour practices across 60 economies, including India. The notification said the new provisions will take effect after the completion of 30 days from the date of their publication in the Official Gazette.
IBM share price crash: The softer outlook comes as businesses increasingly direct their technology spending towards artificial intelligence infrastructure, including servers, storage and memory, resulting in lower expenditure on conventional software offerings.
India’s government has launched a new Index of Services Production. Fourteen of nineteen formal services sub-sectors showed double-digit growth in April. Accommodation and food services expanded significantly, leading the growth figures. Air and railway transport were the only sub-sectors to record declines. This index will now be released monthly to track economic activity.
The market drew support from declining bond yields after data showed US consumer prices rose 3.5 per cent in June compared with a year earlier, reflecting higher costs for gasoline, food and other everyday items.
Unlike man-made canals such as the Suez and Panama, which are sovereign infrastructure and levy substantial transit tolls, most natural international waterways – including the Strait of Hormuz, Strait of Malacca, Taiwan Strait, Strait of Gibraltar and Cape of Good Hope—generally do not charge transit fees.
Indian Railways introduced reforms for freight and logistics operations. Specialized containers will transport fly ash, reducing environmental pollution significantly. A unified license regime for container train operators aims for nationwide operations. Industries can now develop new freight wagon designs for improved efficiency. These initiatives aim to modernize logistics and enhance overall railway performance.
