BILATERAL MECHANISMS
How China's clean-tech machine is reshaping the global climate fight
In 2024, China took the lead as the top investor in global clean technology, directing $132 billion to developing nations to aid carbon reduction efforts. This unprecedented infusion of resources could potentially reshape the landscape of international climate finance.
India, Nepal reaffirm commitment to all-round enhancement of partnership as FS Misri meets PM Shah
India and Nepal have reaffirmed their commitment to strengthening bilateral ties as Foreign Secretary Vikram Misri met Prime Minister Balendra Shah in Kathmandu ahead of his expected visit to Delhi later this month. Discussions covered trade, energy, connectivity, sports and new areas of cooperation, including AI and digital connectivity.
Trump set for midterm test: What's in store for India, Iran, Ukraine after November 4?
US midterm election 2026: American voters' sentiments about rising prices could affect Trump's standing in trade discussions. Congressional control will determine the scrutiny over Trump's actions regarding Iran and Ukraine. India will, however, continue navigating uncertainties in trade relations regardless of the election results.
Targeting H-1B holders poses severe economic risks to US: Indiaspora
Indiaspora has raised concerns about rising anti-Indian sentiments and potential immigration regulations that could threaten economic stability. The organization highlighted the significant contributions of Indian H-1B visa holders to key sectors in the US. Proposed measures could disadvantage early-career professionals and jeopardize critical workforce positions in healthcare and technology. Indiaspora called for political leaders to avoid scapegoating foreign workers for temporary political advantages.
Iran-US draft proposes uranium transfer, Hormuz reopening within 7 days: Report
A preliminary draft framework for negotiations between the US and Iran proposes transferring Iran's uranium stockpile. This draft also suggests reopening the Strait of Hormuz within seven days of an agreement. Proposed measures include reducing enrichment levels and easing sanctions by the US. An independent verification mechanism and dispute-resolution process are also outlined in the draft. The negotiations will take place in Doha, moving away from previous Istanbul meetings.
Value of audit lies in its contribution to improved governance: CAG Sanjay Murthy
CAG K Sanjay Murthy highlighted the value of audit in governance and public financial management during a conference in Viet Nam. He discussed the role of Supreme Audit Institutions in adapting to changing governance environments, which included modernising audit methodologies. Murthy presented on digital transformation in public audit, sharing India's experience with technology in enhancing audit practices.
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NSIC presents Rs 47.76 crore dividend for FY 2025-26; highlights strong financial performance
NSIC Chairman-cum-Managing Director Subhransu Sekhar Acharya presented a dividend of ₹47.76 crore to Union Ministers. Acharya highlighted NSIC's strong financial performance, including a revenue of ₹3,767 crore and Profit After Tax of ₹159 crore. The Union Minister of MSME praised NSIC's role in empowering MSMEs and supporting government initiatives. Discussions on improving MSME partnerships with the Netherlands were also mentioned by Union Commerce Minister Piyush Goyal.
JAI - Japan, Australia, India: Rajnath Singh reaffirms close ties with Japan, Australia at meeting with counterparts
Defence Minister Rajnath Singh shared a picture with his Japanese and Australian counterparts, Shinjirō Koizumi and Richard Marles, with the caption “JAI: Japan, Australia, India”, underscoring cooperation among the three Indo-Pacific partners. On the sidelines of the 13th ASEAN Defence Ministers’ Meeting-Plus in Cebu, Singh held bilateral talks with both leaders to strengthen defence cooperation and coordination. He also invited Marles to attend Aero India 2027 in Bengaluru.
Jordan, Syria form joint probe after Jordanian strikes targeting IS kill civilians in Syria
Jordan conducted airstrikes in Syria that resulted in civilian casualties, prompting outrage from Syrian authorities. Both countries have agreed to form a joint committee to investigate the attacks and coordinate on security matters. Discussions between Jordanian and Syrian foreign ministers emphasized the need to protect civilians and maintain sovereignty. The airstrikes were reportedly in response to a terrorist attack in Jordan.
"Explore new avenues to strengthen strategic partnerships": Rajnath Singh leaves for ASEAN Defence Ministers' Meeting-Plus in Philippines
Defence Minister Rajnath Singh has departed for Cebu, Philippines, to attend the 13th ASEAN Defence Ministers' Meeting-Plus. He will address regional and international security topics during the event on October 28 and 29. Singh plans to hold bilateral discussions with defence ministers from various countries to enhance strategic partnerships. India remains committed to ASEAN centrality and security in the Indo-Pacific region under the Act East Policy.
Mumbai, Marketplace, Moscow: Three 'M's for Russian exports to India
Russian exporters are increasingly tapping into the Indian market, utilizing platforms like the permanent pavilion in Navi Mumbai. Additionally, e-commerce giants such as Amazon India and niche platforms are playing a vital role in this process. An upcoming international export forum in Moscow aims to strengthen these ties through collaboration and technological discussions.
China says its troops conducted ‘normal patrols’ along border with India, abided by agreements
Chinese foreign ministry responded to India's remarks on military disturbance at border, saying Beijing always 'strictly abide' by relevant agreement.
Is India a “shadow transshipment” hub? The data says otherwise
Between 2014 and 2024, India’s goods exports to the US grew 1.86 times, while US exports to India grew 1.94 times. A rising two-way relationship, with India’s global exports also up 1.36-fold, is hard to square with a “mere pass-through” story tailored to one market.
FICCI seeks Dutch investment in mfg, tech; calls for project-level follow-up
FICCI has called for enhanced Dutch investments in India’s manufacturing and technology sectors during Piyush Goyal's visit. The discussions may lead to manufacturing partnerships and technology collaborations which would strengthen bilateral trade. Greater emphasis is placed on supply chain integration to meet Dutch quality and sustainability standards. The upcoming India-EU free trade agreement is expected to facilitate deeper commercial ties.
German businesses now see India as manufacturing, R&D and innovation hub: Piyush Goyal
German companies are increasingly viewing India as a strategic manufacturing and innovation hub for the future. During a recent visit, Commerce and Industry Minister Piyush Goyal engaged with major firms about expanding cooperation. The India-EU free trade agreement is set to strengthen trade ties significantly later this year. Indian capabilities in research and development are attracting substantial German investment and workforce expansion.
India-China border frictions recur as Chinese forces stray from patrol routes, MEA clarifies stand
Indo-Tibetan Border Police Director General Shatrujeet Kapur addressed recent border tensions with Chinese forces in Arunachal Pradesh. These tensions arose from Chinese forces straying from established patrolling routes along the Line of Actual Control. External Affairs Ministry spokesperson Randhir Jaiswal emphasized the need for maintaining peace and tranquillity in border areas. Both nations are utilizing diplomatic and military channels to resolve ongoing issues effectively.
MEA says Chinese patrol deviations disturb border peace, hinder ties
India's External Affairs Ministry spokesperson highlighted ongoing disturbances at the Line of Actual Control with China. Both nations are using diplomatic and military channels to resolve border tensions effectively. The Indo-Tibetan Border Police director general remarked on continuous confrontations in Arunachal Pradesh. Recent agreements aimed at improving bilateral relations followed the severe strain caused by the Galwan Valley clashes.
India’s $100 billion European Free Trade Association cheque is slow to clear as Vietnam joins the club
Vietnam recently signed a free trade agreement with the European Free Trade Association, expanding its trade network. This agreement comes as India's interaction with EFTA continues to evolve, with potential impacts on competition. Both countries aim to enhance exports to these markets despite different timelines of agreement enactment.
European Donald on a mission to mould ties with India
Poland's Prime Minister Donald Tusk is visiting India to enhance strategic partnerships in trade and technology. The visit includes talks with Prime Minister Narendra Modi regarding security and economic collaborations. Business programs in New Delhi and Bengaluru are planned to stimulate investment and innovation. Both countries aim to develop a trade roadmap targeting $10 billion and address market barriers.
Rajnath Singh holds 'productive discussion' with Tajikistan counterpart on sidelines of SCO meeting
Defence Minister Rajnath Singh is on a two-day official visit to Tajikistan for the SCO meeting. Singh had a productive discussion with Tajikistan's Defence Minister Emomali Sobirzoda on enhancing defence cooperation. The meeting aims to bolster multilateral cooperation in trade, economy, and connectivity among SCO member states. India actively participates in various SCO initiatives focusing on startups and digital public infrastructure.
500%, 100%, then a waiver: How India escaped Trump's Russia tariff threat
In the beginning it was 500%, then it came down to 100% and then, a waiver. This is how the tariff threat has evolved from an ambitious proposal into a more flexible instrument of policy for Trump and US. For India, the immediate danger has receded. But with US retaining the power to reinstate the measures, the waiver offers relief rather than a lasting resolution.
IGX gets PNGRB nod for LNG terminal capacity booking platform
Indian Gas Exchange has received regulatory approval to develop a capacity booking platform for LNG terminals. This platform aims to facilitate easier and more transparent access to terminal capacity for users. The regulator noted that many terminals experience poor capacity utilization currently. By using the platform, market participants can identify and book available regasification capacity efficiently. Contractual negotiations and settlements will still be managed directly between buyers and sellers involved.
Beyond Oil: How bioenergy investments can rebalance India-Russia trade
Russia now exports more than $60 billion worth of goods annually to India, primarily crude oil, petroleum products, coal, and fertilisers.
India wants to promote rupee trade settlement to help partner facing hard currency shortage: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman said India is promoting rupee and local-currency trade settlements to help countries facing hard-currency shortages continue importing essential goods. She said geopolitical tensions and economic downturns have pushed several nations into debt and balance-of-payments crises.
India expanding trade footprint to strengthen global ties and empower MSMEs: Piyush Goyal
India is increasing its network of free trade agreements (FTAs) to integrate deeply with global economies. Nine trade pacts covering 38 developed economies have been concluded in the past four and a half years. The trade pacts are not merely confined to bureacratic corridors but also include discussions with stakeholders. India is wrapping up deals with Canada and UK alongside energy deals with GCC and trade relations in West Asia and Americas.
Will EU press the ‘kill switch’ on China? Trade war looms over talks
EU officials are raising alarms over the escalating trade deficits with China, exceeding one billion euros on a daily basis. The spike in Chinese hybrid-car exports underscores possible gaps in EU tariff policies. Although talks are underway, China shows little willingness to engage in voluntary export restrictions for select products. EU leaders are now considering a 'kill switch' mechanism.
India, Canada agree to boost security ties, extradition cooperation
India and Canada have committed to enhance collaboration in combating transnational organised crime and terrorism. The discussions took place between National Security Adviser Ajit Doval and Canadian advisor David Morrison in New Delhi. Both sides recognised the importance of ongoing bilateral security dialogues to maintain stability.
'Great achievements already made': Swiss President Parmelin on India-EFTA trade pact's first year
The India-European Free Trade Association Trade and Economic Partnership Agreement has been effective since its implementation a year ago. Swiss President Guy Parmelin stated that strong interest from companies has been evident in various sectors. This agreement is expected to significantly enhance bilateral trade and attract long-term investment. Additionally, Switzerland seeks to strengthen cooperation in business and technology during the President's current visit.
India, Jordan eye deeper textile ties
India and Jordan are embarking on an exciting journey to enhance collaboration in the textiles and apparel industry. A recent high-level delegation from Jordan engaged with Indian officials, discussing opportunities for partnerships across multiple sectors, including fabrics and technical textiles. They are also exploring joint ventures and student exchange programs to bolster trade and deepen mutual ties.
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