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Saudi Arabia lifts alcohol ban for wealthy foreigners? Here’s what we know so far In a striking policy turn that illustrates Saudi Arabia’s evolving approach to social and economic reform, the kingdom has quietly begun allowing wealthy foreign residents to legally purchase alcohol, a practice previously prohibited for more than 70 years. The shift reflects…
Benchmarking its market access strategy to product sensitivity, India will grant quota-based duty concessions in the automobile sector while offering market access to alcoholic beverages under tariff reduction and minimum import price-based formulations under the trade pact with the United States, the government said on Monday, PTI reported. Under the agreement, tariffs on $30.94 billion…
NEW DELHI: Ending months of uncertainty, India and US announced the finalisation of the first tranche of the trade deal early Saturday that will see Washington lower “reciprocal tariffs” on Indian exports to 18% over the next few days and New Delhi slash levies on several American imports.The India-US joint statement came with US President…
NEW DELHI: Keen for a bigger pie of the world’s fastest growing aviation market, the biggest sectoral original equipment manufacturers’ legal teams are poring over the fine print of the landmark Indo-US trade deal.A zero-duty access to components exported from India to the US will give India parity with other aerospace supply chains such as…
India and the United States released a joint statement on Saturday, announcing the framework for an interim trade agreement. Under the newly announced trade pact, tariffs on Indian goods will drop from 50% to 18%. “The US and India are pleased to announce that they have reached a framework for an Interim Agreement regarding reciprocal…
PATNA: Dalit villagers in Bihar’s Vaishali lit the pyre of a 91-year-old woman in the middle of a public road after allegedly being prevented from accessing the local cremation ground, sparking tensions and an inquiry.According to villagers and police, the funeral procession of Jhapsi Devi, a resident of Sondho-Vashudeo village in Goraul area, was on…
BENGALURU: After controversy erupted over shifting private and individual airport taxi operators to the P4 parking area of Terminal 1 of Kempegowda International Airport (KIA), the operator of the KIA, Bengaluru International Airport Limited (BIAL) is now exploring a new system to allow these vehicles access to the KSTDC airport taxi pick-up zone, which is…
NEW DELHI: Ahead of the India-European Union free trade agreement – which is all set to be announced on Tuesday – all eyes are on several crucial sectors, where domestic industry has pitched for zero duty concessions to be able to compete more effectively with competitors, such as Bangladesh and Vietnam.Among the top asks is…
NEW DELHI: Ahead of the India-European Union free trade agreement – which is all set to be announced on Tuesday – all eyes are on several crucial sectors, where domestic industry has pitched for zero duty concessions to be able to compete more effectively with competitors, such as Bangladesh and Vietnam.Among the top asks is…
NEW DELHI: SC Thursday refused to restrain ED from accessing information from the mobile phone of I-PAC functionary Jitendra Mehta, which was seized during a search on Jan 8 at the political consultancy firm’s Delhi office. Mehta has been summoned for questioning at the ED headquarters on Friday.Appearing before a bench headed by CJI Surya…
