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India opposes China-led IFD pact’s inclusion; flags risks to WTO framework and core principles

India on Saturday said it has strongly opposed the China-led Investment Facilitation for Development (IFD) Agreement being incorporated into the World Trade Organisation (WTO) framework, flagging concerns over its systemic implications, PTI reported.The issue was raised at the ongoing 14th ministerial conference (MC14) of the WTO in Yaounde, Cameroon, where Commerce and Industry Minister Piyush…

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WTO talks: Sharp divide over e-commerce duty moratorium as India opposes permanent extension

A sharp divide has emerged at the ongoing World Trade Organisation (WTO) ministerial conference in Cameroon over the continuation of the e-commerce moratorium on customs duties, think tank Global Trade Research Initiative (GTRI) said on Saturday, reported PTI.It noted that while the US is pushing for a permanent extension of the moratorium, India and several…

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‘He’s hale & hearty’: Govt opposes Sonam Wangchuk’s release on health grounds | India News

Sonam Wangchuk (File photo) NEW DELHI: The central government on Wednesday opposed Sonam Wangchuk‘s release on medical grounds, saying the climate activist was “hale and hearty and just suffering from a minor infection.”The government said it was not desirable to review Wangchuk’s detention as suggested by the court. The Ladakh-based climate activist is detained by…

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‘Not a religious person’: China firmly opposes Grammy award to Dalai Lama

China on Monday criticised the Grammy Award conferred on the Dalai Lama, stating that it “firmly opposes” the Tibetan spiritual leader using the international recognition to carry out what it described as “anti-China activities.”The reaction came after the Dalai Lama (also known as Tenzin Gyatso) won his first Grammy Award in the Best Audio Book,…

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US-Taiwan trade deal: China ‘resolutely opposes any agreement’; urges Washington to adhere to one-China principle

China on Friday strongly opposed the recently signed trade agreement between Washington and Taipei, aimed at cutting tariffs on Taiwanese products and boosting the island’s investment in the United States. “China consistently and resolutely opposes any agreement… signed between countries with which it has diplomatic relations and the Taiwan region of China,” ministry spokesman Guo…

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I-T department flags crypto risks, opposes entry | India News

NEW DELHI: The income tax department on Wednesday flagged major risks associated with virtual digital assets (VDA), such as cryptocurrency, joining the Reserve Bank of India in opposing the entry of these instruments.In a presentation to the parliamentary standing committee of finance, the tax authorities flagged as to how anonymous, borderless and near-instant value transfer…

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‘Neither free nor fair’: New Zealand’s foreign minister Winston Peters opposes FTA with India; cites tariffs on dairy

As India and New Zealand finalised a historic free trade agreement (FTA), not everyone was onboard. New Zealand’s foreign affairs minister Winston Peters voiced his opposition claiming the deal was “neither free nor fair”.“New Zealand First is regrettably opposed to the India Free Trade Agreement announced today. We consider the India-New Zealand Free Trade Agreement…

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Fuel efficiency norms: Tata Motors opposes exemption for small petrol cars under CAFE; flags impact on EV push, safety

Tata Motors has opposed proposals to exempt small petrol vehicles from the Corporate Average Fuel Efficiency (CAFE) norms, arguing that such relaxations could dilute the focus on sustainable technologies and undermine the country’s push towards electric mobility, PTI reported.In a letter to the Prime Minister’s Office, the Mumbai-based automaker said granting exemptions to petrol vehicles…

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