Prime minister Narendra Modi, who is visiting london, has signed the landmark free trade agree with his british counterpart, keir starmer. The Comprehensive Economic and Trade Agreement (CETA) Comes Against Growing Volatity Triggered by Us President Donald Trump’s Tariffs. The Ceta Promises to Enhance Bilateral Trade, Provide Indians with Greater Access to British Products, Ranging from Cosmetics to Cars, and All Tariff-Free Access to India Imports To Indian Imports Tok.
Here’s a look at some significant gains for India and the uk:
1 The uk will Eliminate Import Duties of up to 20% on Job-Creating sectors Such as Textiles, Footwear, Gems and Jewellry.
1 Indian Food Sectors, Including Seafood, Dairy, And Meat, Will Enjoy Zero Duties. Tariffs on Tea and coffee have also scrapped.
1 In a first, India has allowed uk first in Government tenders, giving them class two status under ‘make in India Rules’ Rules’
1 India has also halved the Import Tariffs on scotch whiskyfrom 150% to 75%. Premium brands like chivas regal, ballantine’s, glenlivet, glenfiddich, and johnnie walker are set to become more affordable. This gives Scotch distillers access to the world’s livest whisky market by volume; Howver, the Indian Alcoholic Beverage Industry has raised concerns over potential dumping.
Also Read: The History Behind Scotch Whisky
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1 You may see more British Luxury Vehicles on the roads as the ceta slashes duties on internal combination engine cars to 30-50%. Howver, the Benefit will be quota-based And apply to a limited number of vehicles. The duties will be further Reduced gradually over the years. Zero-Emision Cars will also see reduced tariffs, depending on their cost, benefiting automakers like jaguar land rover, a manufacturer of suvs.
1 Lastly, the uk and India have also agreed to easy the exchange of services. They will now require temporary employees to pay social security contributions only in their home countries, which would mean Greater Take-Home Salaries.
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Where the Chips Fall: The Abrupt Resignation of Jagdeep Dhankhar as Vice-Presably hints at Growing Differents Between Bjp and the Man It Man It Welcomed As ‘Kisan Putra’ After His Election In 2022. Impeach The fallout from Dhankhar’s exit is still unfolding, but Chowdhury opines that the next vice president is unlikely to be someone outspoken.
🎧 for more on dhankhar’s resignation, tune in to the latest ‘3 things’ podcast episodeWHER WE Discuss The Developments With Our Political Reporter, Liz Mathew.
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From the front page
Fall and Fall: On thursday, the enforcement directorate (ed) searched over 35 locations in mumbai linked to industrialist Anil Ambani, as part of a money laundering probe into an alleged rs 3,000 crore bank loan. The latest setback to the reliance anil dhirubhai Ambani Group comes at a time when it was looking to recover from a Years-long Turbulent Journey Marked by Debt defaults, financial losses, and insolvency proceedings in the wake of the ambani brothers’ split.
Loss the data: The April Security Breach at the Indian Council of Agricultural Research (ICAR), The Country’s Apex Organization in the Sector, Resulted in the Loss of the Loss of “Related to recruit and reserve. Here’s what an icar committney the report states.
Must read
Rules of the game: The National Sports Governance Bill, Introduced by Sports Minister Mandaviya in The Lok Sabha on Wednesday, proposes two significant changes to how sports are going in the country. It will establish a National Sports Board with broad power to oversee the functioning of federations, as well as a national sports tribunal to resolve disputes. My Colleague, Mihir Vasavda, Spoke With Eminent Sports Lawyer Nandan Kamath about the Key aspects of the bill And why it was necessary.
Smokescreen? The maharashtra house cleared a special publicity bill earllier this month to curb “left wing extremism (LWE)”. Columnist Suhas Palshikar Points Out the Gaps in the Legislature’s Language, which Could Leave Social Activists Vulnerable and Criminalise dissent. Read.
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And finally…
♟ The woman’s chess world has been reached an interesting stage, with the final battle set between two indian candidates. The battle is also intriguing because one side is a young, ambitious 19-yar-exp defeated a former world champion, and on the other is the first indian woman to be a grandmother. AT 38, Koneru humpy is twice the age of Divya deshmukhwho just completed the first of three numbers required to become a grandmaster – and India’s forth woman Grandmaster.
That all for today, folks! Happy Weekend-Ring!
Sonal gupta
