Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
RelevanceDefaultDate
    Central Bureau of Narcotics (CBN) India thwarts illegal trafficking of 12 crore Tramadol Hydrochloride, a.k.a. “fighter drug” tablets under “Ope...
    Trump imposes 50 per cent tariffs on Canadian goods, citing disputes over autos, alcohol and cheese
    Rupee falls 6 paise to close 96.36 against US dollar
    India gets USD 20.72 bn forex inflows under swap facility since Jun: RBI
    J'khand aiming to increase GI-tagged products to 25, Atthe Mutton among those in pipeline: official
    Sensex declines by 443 pts on heavy selling in HDFC Bank, Axis Bank
    Strengthening Customer Grievance Redress: The Role of the Internal Ombudsman - Keynote address by Shri Swaminathan J, Deputy Governor at the Internal ...
    Nearly 55.49 Crore Users Onboarded on UPI as in June 2026
    Government and RBI Strengthen Fintech Ecosystem with Enhanced Regulatory Frameworks & Consumer Protection Actions
    SC gives Parsvnath Developers one week to deposit dues to homebuyers, warns next step is jail
    Rupee fell 14 paise to close 96.44 against US dollar
    SC to direct CBSE to implement Orissa HC verdict on APAAR consent forms across country
    APEDA Facilitates First Export of 24 MT Frozen French Fries from Uttarakhand to Iraq
    Fourth Edition of National Conference on Responsible Business Conduct (NCRBC) 2026 Concludes in New Delhi
    DRI seizes 15 kg methamphetamine, 4 kg pseudoephedrine, 85 lakh smuggled cigarettes, and 2 drone-dropped Pakistan-made pistols in nationwide operation...
    DRI intensifies crackdown on precious metals smuggling; seizes 15 kg smuggled gold, 20 kg silver and ₹2 crore cash in nationwide operations; 13 ...
    Union Minister of Commerce and Industry Shri Piyush Goyal concludes successful visit to Spain, Belgium, Finland and Estonia; strengthens India's econo...
    Trump wants Iran added to Russia sanctions bill
    HDFC Bank profit rises 5 pc to Rs 19,060 cr in Q1
    Indian-origin woman sentenced to 2 years jail over Covid business loan fraud in UK
❯❯
MaximizeMaximizeMaximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

    +

    Are you sure you want to delete "My most important" ?

    NOTE:

    News
    Showing Results for :
    Reset Filters
    Results Found:
    Show All SummariesHide All Summaries
    July 21, 2026
    Show AI Summary
    Risk-based export controls exposed alleged pharmaceutical diversion, prompting NDPS enforcement against transnational illicit opioid trafficking networks.
    Risk-based export controls and intelligence-led enforcement under the NDPS Act, 1985 addressed an alleged attempt to divert an export consignment of high-strength Tramadol Hydrochloride tablets into illicit international channels. Enquiries with the International Narcotics Control Board and competent authorities indicated that the declared destination had been misrepresented. The action involved seizure of the consignment and arrests of persons alleged to be connected with the export arrangement and conspiracy. The operation emphasises risk-based profiling, export-control scrutiny, intelligence sharing, and international coordination against pharmaceutical diversion and transnational drug trafficking.
    July 21, 2026
    Show AI Summary
    Trade tariffs on Canadian goods target alleged discrimination against American automobiles, alcohol and dairy products under trade law.
    United States trade action imposes tariffs on most Canadian goods, citing alleged discriminatory treatment of American automobiles, alcoholic beverages and dairy products. The measures apply to goods previously protected under the United States-Mexico-Canada Agreement, subject to exclusions for energy products, potash, fish and critical minerals. The stated grounds include Canadian retaliatory tariffs, restrictions on American alcohol sales, treatment of dairy imports, and tariffs on certain United States motor vehicles outside preferential trade treatment.
    July 20, 2026
    Show AI Summary
    Foreign exchange market movement saw rupee depreciation amid geopolitical risk, higher crude prices, stronger dollar conditions and equity outflows.
    Foreign exchange market movement saw the rupee depreciate by 6 paise to close at 96.36 against the US dollar, amid global risk aversion, higher crude oil prices, escalating US-Iran tensions and rising US Treasury yields. Market commentary indicated that anticipated Reserve Bank of India intervention could limit further downside. The report also noted a stronger dollar index, domestic equity-market declines, foreign institutional equity outflows, and an increase in India's foreign exchange reserves.
    July 20, 2026
    Show AI Summary
    Concessional foreign-exchange swaps incentivise fresh FCNR(B) deposits and foreign borrowings to strengthen balance-of-payments liquidity.
    The concessional foreign-exchange swap facility incentivises fresh FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings to strengthen the balance of payments and support foreign-exchange liquidity. Its availability is time-limited, with FCNR(B) deposits eligible until September 2026 and OFCB and ECB inflows eligible until December 2026. Reported inflows were primarily mobilised through FCNR(B) deposits.
    July 20, 2026
    Show AI Summary
    Geographical indication recognition protects traditional product identity while supporting rural entrepreneurship, quality maintenance, digital access and artisan market opportunities.
    Geographical Indication recognition is being pursued for additional traditional products from Jharkhand to protect product identity and expand protected regional products. GI recognition supports cultural heritage, rural entrepreneurship and market access for artisans and primary producers. Post-registration measures emphasise product-quality maintenance and digital e-commerce access, alongside skill development, marketing initiatives, rural haats and support for non-farm sectors.
    July 20, 2026
    Show AI Summary
    Banking sector earnings concerns and geopolitical tensions pressured benchmark equities, while broader markets and selected defensive sectors gained.
    Indian benchmark equity indices declined following heavy selling in major private-sector banking shares amid concerns over weaker net interest margins and quarterly earnings. Banking and financial sector indices were the principal laggards. Renewed United States-Iran tensions, crude-oil concerns, global market weakness and reported foreign institutional investor equity sales added to investor caution. Broader domestic market indices nevertheless closed higher, with selected defensive and infrastructure-linked sectors recording gains.
    July 20, 2026
    Show AI Summary
    Internal Ombudsman independence strengthens fair customer grievance resolution, prevents escalation, and drives institutional learning from recurring complaint patterns.
    Internal Ombudsmen should independently review qualifying customer grievances to ensure fair, reasonable and timely internal resolution rather than mechanically affirming earlier decisions. Regulated entities should prevent eligible complaints from bypassing Internal Ombudsman review and should assess redress by the quality, transparency and fairness of outcomes, not merely complaint closure. Complaint patterns should be used for root cause analysis and institutional improvements, with Boards and senior management empowering Internal Ombudsmen and treating complaint trends as early-warning information. Technology may support analytics and faster processes but cannot replace judgment, empathy and impartiality.
    July 20, 2026
    Show AI Summary
    UPI security framework mandates advanced controls, alongside risk-based limits and authentication safeguards to strengthen payment ecosystem resilience.
    Unified Payments Interface is an NPCI-operated payment system authorised under the Payment and Settlement Systems Act, 2007. Cross-border UPI arrangements facilitate person-to-person remittances and person-to-merchant payments through partner institutions in multiple countries. Security measures include risk-based transaction limits, safeguards against unauthorised mobile-number changes and misuse of SMS-based authentication, and enhanced application-security requirements. The Comprehensive UPI Information Security Framework 2025 and Mobile Application Security Framework mandate advanced controls to strengthen UPI ecosystem safety and resilience.
    July 20, 2026
    Show AI Summary
    Fintech consumer protection strengthens payment security, data safeguards, innovation testing, fraud monitoring, cybercrime reporting, and public awareness mechanisms.
    Fintech regulation and consumer protection are being strengthened through self-regulatory standards, digital payment security controls, personal-data safeguards, regulatory sandbox testing, and cyber-fraud reporting mechanisms. The FinTech self-regulatory organisation framework promotes ethical conduct, market integrity, dispute resolution, transparency, and accountability. Banks must maintain minimum security controls for payment channels, supported by AI and machine-learning fraud monitoring for UPI transactions. Citizens may report cyber incidents and illegal loan apps through designated reporting channels, alongside awareness initiatives on fraud prevention and risk mitigation.
    July 20, 2026
    Show AI Summary
    Homebuyer order enforcement requires developer to deposit recoverable dues with interest, with imprisonment warned for continued non-compliance.
    Final homebuyer compensation and possession-related directions were enforced by requiring the developer and its officials to deposit the entire recoverable amount with annual interest in the court registry within one week. Existing asset freezes were to continue, and continued non-compliance could lead to imprisonment. The purchasers had obtained final regulatory compensation directions, but execution proceedings, notices and warrants had not resulted in payment or possession. Third-party rights and transfer of possession were restrained pending compliance.
    July 20, 2026
    Show AI Summary
    Foreign-exchange market pressure weakened the rupee as crude prices, geopolitical risk and dollar strength increased, with intervention offering support.
    Foreign-exchange market movement saw the rupee depreciate against the US dollar amid global risk aversion, higher crude oil prices, geopolitical tensions, and rising US Treasury yields. Reserve Bank of India intervention was identified as a potential support mechanism capable of limiting downside pressure. Higher dollar-index levels, domestic equity-market movements, foreign institutional equity outflows, and an increase in India's foreign-exchange reserves were also noted as relevant market conditions.
    July 20, 2026
    Show AI Summary
    Parental consent in APAAR enrolment requires a genuine opt-out option and compliance with personal data protection safeguards.
    APAAR consent procedures were questioned because a scheme described as voluntary may effectively require Aadhaar enrolment and condition educational access on an academic identifier. The Orissa High Court direction required the model consent form to give parents an express option to refuse consent or opt out before enrolment. Concerns included informed parental consent, withdrawal of consent, long-term storage of children's educational records and privacy protections. Educational circulars remain subject to the Digital Personal Data Protection Act, and any data-processing framework must comply with applicable consent requirements.
    July 20, 2026
    Show AI Summary
    Agricultural export facilitation supports frozen potato product market access through trade promotion and state logistics assistance for exporters.
    Agricultural export facilitation supported the first export of frozen French fries from Uttarakhand to Iraq, promoting value-added agricultural exports and processed food market access. APEDA assisted the exporter through international trade exhibitions for buyer engagement and market outreach. Logistics costs affecting landlocked-state exports are being addressed through work on a State Agri Export Policy, including transport assistance provisions to improve competitiveness, strengthen export infrastructure and support participation in export-oriented agricultural supply chains.
    July 20, 2026
    Show AI Summary
    Responsible business conduct requires credible ESG disclosures, sector-specific reporting, supply-chain due diligence and inclusive MSME participation for sustainable development.
    Responsible business conduct and ESG integration were presented as constitutional and legal obligations connected with environmental protection, social equity, human dignity and sustainable development. ESG was discussed as extending beyond compliance to support resilience, risk management and sustainable innovation. Key priorities included credible, comparable and reliable disclosures; sector-specific reporting responsive to materiality and data gaps; responsible value-chain due diligence; MSME capacity-building; technology-enabled traceability; credible assurance; and rigorous, comparable environmental metrics. Capacity-building, policy research and partnerships were identified as important to advancing inclusive ESG adoption.
    July 20, 2026
    Show AI Summary
    Intelligence-led anti-smuggling enforcement disrupts narcotics, illicit tobacco and cross-border arms trafficking through coordinated seizures and arrests.
    Intelligence-led operations addressed narcotics smuggling, illicit tobacco trade and cross-border arms trafficking. Methamphetamine allegedly smuggled from Myanmar and pseudoephedrine intended for illegal export were seized, with arrests made under the NDPS Act, 1985. An import container falsely declared as carrying plastic storage boxes contained smuggled foreign-made cigarettes. Drone-dropped parcels containing Pakistan-made pistols were recovered near the international border and handed to jurisdictional police for action under the Arms Act, 1959.
    July 20, 2026
    Show AI Summary
    Precious-metals smuggling enforcement targets concealed gold transport, illicit sale proceeds and airport insider facilitation networks.
    Organised precious-metals smuggling was targeted through intelligence-led operations involving seizures of foreign-origin gold, silver and cash believed to represent sale proceeds, with arrests of persons allegedly connected with possession, transport and facilitation of smuggled goods. The operations addressed concealment in luggage-frame rods, undergarments and specially fabricated vehicle cavities, and included alleged airport-staff assistance in clandestinely removing smuggled gold during passenger transit.
    July 20, 2026
    Show AI Summary
    India-EU economic cooperation advances through FTA implementation, investment facilitation, digital partnerships, manufacturing collaboration and market-access discussions across Europe.
    India advanced economic engagement with European partners through discussions on trade, investment, technology cooperation, manufacturing, digital infrastructure and market access. The engagements emphasised early signing and implementation of the India-EU Free Trade Agreement, investment protection, geographical indications, regulatory cooperation and professional mobility. Cooperation initiatives included digital payments interoperability, artificial intelligence, advanced manufacturing, clean energy, cybersecurity, fintech, telecom, research and supply-chain resilience. European businesses were encouraged to establish India as a manufacturing, innovation and export hub, including through opportunities for MSMEs, startups and future-oriented sectors.
    July 19, 2026
    Show AI Summary
    Russian oil purchase tariffs would target major buyers and sanctions-evasion facilitators, with specified energy, nuclear and cooperation exemptions.
    Proposed United States legislation on Russian sanctions would impose tariffs on imports from countries identified as major purchasers of Russian crude oil or natural gas or leading facilitators of Russian oil-sanctions evasion. It provides for periodic reassessment and tariff adjustment based on purchasing behaviour, while exempting specified reduced natural-gas imports, United States uranium purchases for nuclear and medical needs, and certain nuclear and space cooperation. The revised proposal also addresses sanctions-evasion fleets and Chinese support for Russia's defence industrial base.
    July 18, 2026
    Show AI Summary
    Corporate governance and asset quality improvements accompany stronger banking profitability amid continuing leadership reappointment considerations.
    Banking-sector performance reporting records higher profitability, improved asset quality and lower provisions for bad loans, although operating profit declined and capital adequacy moderated. Corporate governance developments include appointment of a part-time chairman following the former chairman's resignation and concerns about internal practices. The chairman's prior financial-services role was associated with actions against shell companies and ponzi schemes targeting black-money structures. Reappointment of the managing director and chief executive officer remains subject to committee consideration.
    July 18, 2026
    Show AI Summary
    Covid business loan fraud involved inflated turnover, duplicate applications, personal diversion, and criminal sentencing with recovery action.
    Covid business loan fraud involved false Bounce Back Loan applications based on inflated turnover, duplicate claims, and false declarations that funds would be used solely for business purposes. The loan proceeds were diverted to personal accounts for personal debts, personal finance, stocks and shares, and transfers between company accounts. The borrower pleaded guilty to fraud offences, received a custodial sentence, and faces recovery proceedings for the fraudulently obtained funds under the Proceeds of Crime Act 2002.

    News

    Back

    All News

    Showing Results for :
    Reset Filters
      No Records Found

      News

      Back

      All News

      whatsappJoin Channel
      Showing Results for : Reset Filters
      Customs, DGFT & SEZ

      India-UK CETA and Agreement on Social Security Enter into Force

      July 16, 2026

      Contents
      Summary
      Note

      Note

      -

      Bookmark

      Print

      Print

      India–UK CETA Provides Zero-Duty Access for Nearly 99% of India’s Exports

      Over 50 Export Consignments Flagged Off From Over 20 Ports, Airports, ICDs, SEZs and Factories Across India Under the Preferential Tariff Regime

      Over USD 140 Million Worth of Export Consignments Flagged Off on Day One

      The Day Marks a Defining Milestone in India–UK relations: Union Minister of Commerce and Industry Shri Piyush Goyal

      India–UK CETA to Drive Trade in Goods and Services Between Two Complementary Economies: Commerce Secretary

      India–UK CETA a Historic Milestone: British High Commissioner

      First Certificates of Origin Under India–UK CETA Issued Through the eCoO 2.0 Platform on a Self-Certification Basis

      The India–United Kingdom Comprehensive Economic and Trade Agreement (CETA), along with the Agreement on Social Security, also known as the Double Contribution Convention (DCC), formally entered into force today, marking a major milestone in the economic partnership between the two countries.

      A formal inauguration event to mark the entry into force of CETA was held at Vanijya Bhawan, New Delhi. The function was attended by Her Excellency Ms. Lindy Cameron, British High Commissioner to India, Commerce Secretary Shri Rajesh Agrawal, Director General of Foreign Trade, representatives of Industry Export Promotion Councils, industry associations and several exporters.

      In a post on X, Union Minister of Commerce and Industry Shri Piyush Goyal said that the entry into force of the India–UK Comprehensive Economic and Trade Agreement (CETA) and the Agreement on Social Security marks a defining milestone in India–UK relations. Under the leadership of Prime Minister Shri Narendra Modi, the Agreements have come into force, providing zero-duty market access for nearly 99 per cent of India’s exports and covering almost 100 per cent of trade value.

      The Minister noted that the Agreement creates unprecedented opportunities for sectors including textiles, leather, gems and jewellery, engineering goods, marine products, chemicals and processed foods, while benefiting MSMEs, farmers and manufacturers. He further observed that the Agreement opens new opportunities for India’s IT, professional, financial, education and business services sectors and expands mobility for Indian talent.

      Shri Goyal underscored that the Agreement on Social Security strengthens the partnership by exempting Indian professionals on temporary assignments in the United Kingdom from double social security contributions for up to five years, thereby enhancing the global competitiveness of India’s workforce. He also expressed appreciation to his UK counterpart and both negotiating teams for their commitment in bringing the transformational agreement to fruition and reaffirmed the shared commitment of both countries to building a resilient, innovation-driven partnership that promotes growth, investment and shared prosperity.

      Addressing the gathering, Commerce Secretary Shri Rajesh Agrawal described the entry into force of CETA as a pivotal milestone in the deepening India–UK relationship and one of the most significant achievements in the journey of the Department of Commerce. He stated that the Agreement is fully aligned with the vision of Prime Minister Shri Narendra Modi for strengthening the India–UK partnership and acknowledged the leadership of Union Commerce and Industry Minister Shri Piyush Goyal in steering the negotiations to a successful conclusion.

      The Commerce Secretary highlighted the scale and complexity of the negotiations, noting that more than 800 technical sessions were conducted across 14 formal rounds of negotiations before the Agreement was finalised. He commended the negotiating teams on both sides for their sustained efforts over several years in achieving the outcome.

      Shri Agrawal observed that the Agreement is between two major and complementary economies and goes beyond India’s previous free trade agreement precedents in terms of both width and depth of coverage. He stated that while the Agreement creates substantial market access opportunities in goods trade, it also provides significant gains in services trade. Given that services account for more than 50 per cent of India’s GDP and over 70 per cent of the United Kingdom’s GDP, he noted that the commitments and predictability offered through the Agreement would provide a strong impetus to bilateral services trade in the years ahead.

      Emphasising the importance of implementation, Shri Agrawal stated that the real success of the Agreement would be measured by its impact on the lives of people in both countries through the creation of jobs, livelihoods and economic opportunities. He called upon industry stakeholders to convert the opportunities created by the Agreement into tangible outcomes and assured that the Department of Commerce would work closely with Export Promotion Councils and industry clusters across the country to communicate the benefits of the Agreement at the sectoral, product and cluster levels.

      The Commerce Secretary informed that the decision to operationalise the Agreement on 15 July 2026 was taken by the leaders of both countries during their meeting on the sidelines of the G7 Summit in France thirty days earlier. He stated that all pending issues had been resolved within the stipulated timeline and that all requisite notifications had been issued by both sides. Necessary trade facilitation measures, including arrangements relating to Rules of Origin certification and customs preparedness, had also been put in place to ensure that stakeholders could begin availing the benefits of the Agreement from the very first day.

      He noted that more than USD 140 million worth of goods were being exported to the United Kingdom on the first day of implementation under the India–UK CETA. He expressed confidence that sustained utilisation of the Agreement would strengthen India–UK trade and encourage the pursuit of other trade initiatives currently under consideration.

      To commemorate the entry into force of the Agreement, events were held across the country to flag off the first export consignments under the India–UK CETA preferential tariff regime. During the day, over 50 export consignments valued at more than USD 140 million were flagged off from more than 20 ports, airports, Inland Container Depots (ICDs), Special Economic Zones (SEZs) and factories across India. The consignments covered a wide range of products including electronics, pharmaceuticals and gems and jewellery, and were dispatched from locations including the seaports of Mundra, Nhava Sheva and Chennai, as well as air cargo complexes at Mumbai (Sahar), Kolkata and Hyderabad.

      Speaking on the occasion, Her Excellency Ms. Lindy Cameron, British High Commissioner to India, described the entry into force of the Agreement as a historic milestone and a testament to the elevated UK–India bilateral relationship.

      Highlighting the strength of bilateral ties, she noted that India was the United Kingdom’s eleventh-largest trading partner in 2025, with bilateral trade approaching £48 billion annually. She also observed that the investment relationship between the two countries supports more than 700,000 jobs.

      Ms. Cameron stated that the Agreement provides a framework that will enable businesses in both countries to trade more, invest more, innovate more and grow together. She described it as a decisive step towards a broader, more ambitious and future-focused partnership.

      Referring to its long-term economic impact, she noted that the Agreement is expected to increase bilateral trade by over £25 billion annually over the long term and contribute nearly £5 billion annually to both UK GDP and Indian GDP. She stated that the Agreement would make trade simpler, quicker and more cost-effective for businesses in both countries.

      She further observed that the Agreement would provide Indian businesses duty-free access on around 99 per cent of tariff lines covering nearly all Indian exports to the UK, while UK businesses would benefit from tariff reductions or eliminations on 90 per cent of tariff lines covering 92 per cent of current UK exports to India.

      The High Commissioner highlighted that the Agreement extends beyond goods trade and strengthens cooperation in customs, digital trade, financial services, telecommunications, intellectual property, professional services, transparency and regulation. She noted that the Agreement would create significant opportunities across sectors including advanced manufacturing, food and drink, life sciences, energy, consumer goods, textiles, apparel, engineering goods, marine products and chemicals.

      She also emphasised the benefits for small and medium enterprises and consumers, stating that the Agreement would help SMEs expand their reach while offering consumers greater choice, stronger competition and better value.

      Noting that the Agreement had now moved from negotiation and signature to implementation, Ms. Cameron observed that goods were already moving between the two countries under the new framework and stressed that successful implementation would be critical in ensuring that businesses, workers and consumers realise its full benefits.

      As part of the entry into force of CETA, the first Certificates of Origin under the Agreement were distributed to exporters. The certificates were issued through the eCoO 2.0 platform on a self-certification basis. The digital, self-certified issuance of Certificates of Origin on Day One marks a significant step towards reducing compliance burdens and transaction costs, particularly for MSMEs.

      Representatives of industry associations, Export Promotion Councils and exporters welcomed the entry into force of the Agreement and noted that duty-free access, coupled with simplified certification procedures and business-friendly Rules of Origin, would significantly enhance the competitiveness of Indian products in the UK market.

      Industry representatives expressed confidence that the Agreement would contribute meaningfully to the vision of Viksit Bharat by providing Indian goods with enhanced access to one of the world’s most advanced markets. They noted that the Agreement would place Indian exporters on a level playing field vis-à-vis competitors from other countries and elevate the economic partnership between India and the United Kingdom.

      Industry leaders further highlighted that by boosting labour-intensive sectors, the Agreement would create new opportunities for women entrepreneurs, MSMEs, youth and students, thereby generating quality employment and supporting inclusive growth.

      In Mumbai, the Government of Maharashtra organised a ceremonial inauguration of the India–UK CETA in the presence of Chief Minister of Maharashtra Shri Devendra Fadnavis. To mark the commencement of preferential trade under the Agreement, the Chief Minister of Maharashtra and the Deputy High Commissioner of the United Kingdom ceremonially exchanged cargo placed on trolleys containing curated boxes of products representing bilateral trade between India and the United Kingdom.

      Topics

      ActsIncome Tax