To counter potential U.S. trade actions, India is exploring options like lowering import tariffs and boosting purchases of American goods, aiming to reduce its trade surplus and strengthen economic relations.
Union Minister for Electronics and Information Technology, Ashwini Vaishnaw, has announced that India’s inaugural ‘Made in India’ semiconductor chip is slated for release in 2025. This update was shared during the World Economic Forum in Davos, where Vaishnaw highlighted the robust confidence industry stakeholders have in India’s semiconductor
In a significant development, the National Company Law Appellate Tribunal (NCLAT) has temporarily suspended the Competition Commission of India’s (CCI) directive that prohibited WhatsApp from sharing user data with its parent company, Meta Platforms. This suspension offers substantial relief to Meta, which had expressed concerns that the ban could adversely affect
India and the European Union have agreed to collaborate on developing advanced technologies and securing critical raw material supply chains to strengthen economic ties and support sustainable development.
India and South Korea are partnering to strengthen their positions in the global shipbuilding market, aiming to counter China's dominance through technology transfer and joint ventures.
The Indian government is exploring the implementation of monthly and yearly toll passes for passenger vehicles traveling on national highways. This initiative aims to streamline toll collection and provide greater convenience for regular commuters. Union Minister for Road Transport and Highways, Nitin Gadkari, announced that the government is considering a system where
Bangladesh has decided to proceed with its diesel imports from India, reaffirming energy trade ties despite recent border tensions. The Bangladesh Petroleum Corporation (BPC) announced that 130,000 metric tonnes of diesel will be imported from India’s Numaligarh Refinery Ltd (NRL) throughout 2025. The import arrangement, approved in a recent BPC board meeting, will cost
In a significant shift, India has initiated diplomatic engagement with the Taliban, signaling a pragmatic approach to addressing evolving regional challenges. This outreach comes amid growing concerns over Afghanistan’s security, trade opportunities, and geopolitical stability. India’s outreach focuses on safeguarding its strategic interests in Afghanistan, which has
The Indian government is engaging with stakeholders to streamline compliance procedures and enhance financing avenues for Micro, Small, and Medium Enterprises (MSMEs).
Indian oil refiners are accelerating payments for Russian crude oil imports to ensure transactions are finalized before the enforcement of new U.S. sanctions. These sanctions, set to take effect shortly, target Russian oil producers and a fleet of vessels involved in transporting Russian crude, aiming to curtail Moscow’s revenue streams. The U.S. sanctions focus on
