EGYPT INDIA TRADE RELATIONS
Piyush Goyal urges Indian diaspora in Cairo to keep 'motherland' close to heart, invokes 'Karmabhoomi' spirit
Piyush Goyal addressed the Indian community in Cairo, urging them to prioritize responsibilities to Egypt. He emphasized the significance of their emotional and cultural connection to India. Goyal highlighted the positive contributions of Indians to enhancing India-Egypt relations. He also interacted with the Bohra community, appreciating their role in fostering economic ties. Goyal's visit aims to discuss trade and investment opportunities between the two nations.
At India Inc, laissez-affaire too often gets laissez passer
The controversy surrounding Nvidia founder Jensen Huang’s extramarital affairs has brought this question into sharper focus: when does a CEO’s private life stop being private and become an organisational concern? For India Inc, this is hardly unfamiliar territory. Corporate affairs, including relationships involving senior executives, are among the industry’s most closely guarded open secrets.
US must respect India's right to defend itself: Former US Secretary Blinken
Antony Blinken outlined the importance of US recognition of India's right to self-defense against terrorism. He highlighted the fundamentally different nature of US relationships with India and Pakistan. Blinken emphasized the necessity of a zero-tolerance policy towards terrorism and support for India's defense mechanisms. He discussed the historical depth of India's ties with Russia, advocating for ongoing collaboration.
India, US have resolved bulk of trade deal issues, pact could be sealed soon: Jaishankar
India and the US have nearly resolved issues regarding the proposed trade deal. External Affairs Minister S Jaishankar expressed hope that the agreement could soon be finalized. Negotiations have focused primarily on changes needed from the American side. The upcoming meeting between Prime Minister Narendra Modi and President Trump may further progress the deal. Securing this trade pact would significantly benefit India’s economy in the large context.
Goyal in Egypt: Both sides to discuss increasing cooperation in infra, mnfg, logistics
Commerce and Industry Minister Piyush Goyal will visit Egypt for two days to enhance trade relations. He will engage in discussions to facilitate business participation in each other's markets and review the progress of bilateral trade. Over 140 Indian business leaders will accompany him to explore opportunities in various sectors. Meetings with Egyptian officials and business representatives are scheduled to reinforce economic cooperation.
FICCI calls for comprehensive India-Africa trade framework
India and Africa are encouraged to develop a comprehensive trade arrangement to enhance economic cooperation. Ficci emphasizes the importance of a predictable framework to address trade barriers and promote investment. With the upcoming visit of Commerce Minister Piyush Goyal to Egypt, both regions aim to strengthen ties. Egypt's strategic location provides opportunities for Indian companies in various sectors.
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Ex-Dabur global CEO to lead Dubai's group SNS
Mohit Malhotra recently stepped down as CEO of Dabur after over three decades with the company. He confirmed his new role at Group SNS in Dubai, commencing on November 16. Malhotra shared his excitement about this new opportunity in a LinkedIn post. He encouraged young professionals to embrace challenging assignments and learn from their experiences. His transition marks a significant step in his career as he moves to the UAE.
US assures India of tariff edge over competitors in trade pact
India and the US are working to finalize an interim trade deal by the end of this financial year. Ongoing negotiations focus on tariff advantages and customs issues as outlined in the agreement. New Delhi will uphold concessions on Scotch whiskey in its trade relationship with London. Concerns have been raised over high import duties on bulk Scotch at Indian ports despite reductions proposed in the trade pact.
China, Iran confirm participation in SCO Civilisational Forum; Shekhawat 'hopeful' Pak will attend
Fifteen countries have confirmed their participation in the upcoming SCO Civilisational Dialogue Forum in New Delhi. China, Kazakhstan, and Iran are among the confirmed participants, with hopes for Pakistan's attendance. The event will take place from November 20 to 22 at Purana Quila, with Prime Minister Narendra Modi attending the opening ceremony. Discussions will focus on reinforcing cultural relations and promoting dialogue among participating countries.
"Legal matter, will be dealt with accordingly: MEA on Sheikh Hasina's extradition
Addressing the broader trajectory of India-Bangladesh relations, particularly after the fifth round of the India-Bangladesh Consular Dialogue scheduled in Dhaka for November 17-18 was postponed, Jaiswal emphasised that New Delhi continues to engage with Dhaka across multiple institutional frameworks.
US assures India lower tariffs than peers in trade deal
The US has assured India of lower tariffs than those imposed on its trading partners under the proposed trade deal. The first phase of the agreement will cover goods, with services to be negotiated separately in the next phase.
India’s October merchandise trade deficit widens to one-year high of $39.88 billion as imports surge
India's merchandise trade deficit widened to $39.88 billion in October, surpassing economists' forecasts. Exports rose to $49.47 billion from $44.40 billion, while imports increased to $89.35 billion. The trade figures reflect pressures from high import costs, particularly in energy markets amid global uncertainty. India imports nearly 85% of its crude oil, impacting the overall trade balance significantly.
Desire within US, India to conclude trade deal by G20: ex-US diplomat
Negotiations for a phase one trade agreement between the US and India are ongoing and complex. Both countries express a desire to conclude the deal by the upcoming G20 Summit in Florida. Former diplomat Nisha Biswal indicated that significant issues remain, particularly concerning India's comparative advantages. India's Commerce Minister Piyush Goyal stated that the country expects one of the best trade deals with the US.
UAE: 14 killed, 30 injured after truck crashes into vehicles in Fujairah; Indians among hurt
At least 14 people were killed and 30 injured, including Indian nationals, after a truck rammed into several vehicles on a road in the UAE's Fujairah emirate, triggering a fire. Fujairah Police said 15 injured people had been discharged from hospitals, while the remaining victims continued to receive treatment.
India will have one of the 'best' trade deals with the US: Comerce Minister Piyush Goyal
Commerce and Industry Minister Piyush Goyal stated that India is close to finalizing a strong trade deal with the US. The framework for the initial phase of the bilateral agreement has been completed. However, recent changes in US tariffs have necessitated further discussions between the two countries. Goyal emphasized that the outcomes of the negotiations will be beneficial for India.
Kattappa stabbed Baahubali, but India won't: Piyush Goyal's message to a world full of betrayals
Piyush Goyal Katappa video: Piyush Goyal has invoked the famous Kattappa-Baahubali question from SS Rajamouli's blockbuster to highlight India's position as a reliable global trade partner. He says countries seeking trustworthy business partners can count on India, which stands by its commitments and never betrays its partners.
India-US hold bilateral talks in New Delhi on Customs and trade facilitation: Govt sources
A US delegation engaged with Indian Commerce Ministry officials to enhance bilateral trade and customs procedures. The discussions took place on November 2-3 and focused on trade facilitation frameworks. Ongoing negotiations are related to the proposed Bilateral Trade Agreement aimed at improving market access. Both nations are close to finalizing an interim trade agreement, with few issues left to resolve.
China's trade surplus surpasses USD 1 trillion for 2nd straight year, as exports surge 35 per cent
China's trade surplus has surpassed USD 1 trillion for the second consecutive year as exports continue to rise significantly. Imports increased sharply in October, contributing to a narrowing of the monthly surplus. The trade situation presents challenges as domestic demand remains sluggish while foreign competition intensifies. Trade discussions are anticipated between the leaders of the US and China amid ongoing global trade tensions.
India extends Halal certification for meat exports to Egypt
The government has extended the implementation of the mandatory i-CAS-Halal for meat exports to Egypt by three months. This extension aims to facilitate the accreditation process of Egyptian Halal certification bodies. Additionally, the government specified that the Certificate of Inspection for rice exports is limited to certain European countries. Exemption from this requirement will continue until April 2027 for other European nations.
Why does Pakistan keep getting IMF bailouts despite terrorism allegations? Gita Gopinath explains
Why does the IMF continue to bail out Pakistan despite its repeated borrowing history and terrorism-related allegations? Former IMF deputy managing director Gita Gopinath explains who decides lending approvals, why economic distress matters and how member countries exercise voting power. Here's a look at Pakistan's 25 IMF arrangements and the world's biggest borrowers.
Collision between 2 trains in Egypt kills 4 and injures 88
Two trains crashed near Cairo on Sunday, leading to four fatalities and approximately 88 injuries. The collision occurred in the al-Ayyat district of Giza province, causing one train to derail. The injured individuals were promptly taken to local hospitals for treatment after the incident. President Abdel-Fattah el-Sissi has ordered an investigation to identify the responsible parties. Emergency teams were dispatched to clear the wreckage and restore normal train services.
Piyush Goyal to visit Egypt with big business delegation; India eyes trade, investment partnerships
Commerce Minister Piyush Goyal will visit Egypt next week with a large business delegation to explore investment and collaboration in sectors including startups, fintech, pharmaceuticals and automobile components. The visit comes as India seeks to deepen its strategic engagement with West Asia and position Egypt as a gateway to African, Arab and European markets.
Reset will keep India busy as Trump’s midterm loss redraws US politics
The recent US midterm elections have significant implications for international relations and the economy. Incoming policies may impact trade agreements between India and the US, affecting both countries' economies. Additionally, potential conflicts involving Iran could influence energy prices in India, creating economic uncertainty. The evolving political landscape in Washington will require India to adjust its diplomatic strategies.
Pakistan suffered $40 billion in economic losses due to suspension of trade with India: PIBC chief
Lahore has faced an estimated USD 40 billion in economic losses since trade with India paused in 2019. Business leaders emphasize the need for restoring these commercial ties to stimulate mutual benefits. The suspension has escalated costs for essential goods that are typically imported from India. Industries, particularly textiles and pharmaceuticals, have struggled to cope with rising transportation and sourcing expenses.
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