The US Federal Reserve, in its latest policy meeting held on January 27-28, decided to keep its key benchmark interest rates unchanged at 3.5 to 3.75 per cent, citing low job gains, signs of stabilisation in the labour market, and inflation that remains somewhat elevated.
The provisions -- a Rapid Response Mechanism and a Non-Violation Complaints (NVCs) clause -- are aimed at addressing the risks posed by the EU's expanding regulatory framework, which Indian exporters and service providers have increasingly flagged as a source of uncertainty and compliance
The conclusion of the India-European Union Free Trade Agreement (FTA) marked a significant boost for India's labour-intensive export sectors, with tariffs on most Indian goods entering the EU reduced or cut to zero.
United States Trade Representative Jamieson Greer has said that India stands to benefit the most from the recently concluded Free Trade Agreement (FTA) with the European Union, citing greater market access, labour advantages, and potential mobility opportunities for Indian workers.
Indian textile industry is set to benefit from the India-EU FTA with exports and has potential to grow from USD 7 billion to USD 30-40 billion very quickly, Union Minister of Commerce and Industry Piyush Goyal said on Tuesday, noting that this could generate 6-7 million jobs in the labour
Highlighting the scale of trade between India and the EU, he said, "The total trade between India and EU -- all countries put together -- is $220 billion in goods and services put together, out of which $135 billion on goods and the remaining are in services. Both areas are covered very well
Prime Minister Narendra Modi has said that the India-EU Free Trade Agreement finalized on Tuesday will provide easy access to the European Union market for India's labour-intensive products, including textiles, gems and jewellery, auto parts, and engineering goods.
Designed as modern, rules-based trade partnership, the FTA responds to contemporary global challenges while enabling deeper market integration between the world's 4th and 2nd largest economies.
Artificial Intelligence (AI) is set to profoundly reshape global labour markets by the end of the decade, with outcomes ranging from productivity booms to widespread job displacement, according to a new World Economic Forum (WEF) white paper released this month.
Gandhinagar (Gujarat) [India], January 24: Not many may be aware that before Surat rose to prominence as a global diamond hub, Navsari held that prestigious position. For decades, Navsari was renowned for its skilled gem artists whose craftsmanship added brilliance and value to diamonds trad