Looking forward to the COP26 in Glasgow towards the end of the year, the Lord Mayor of the City of London shares how the UK can be a natural partner for India in the green finance sector. Highlights: The Indian government’s sustainable agenda offers immense opportunities for investments in renewable energy and urban sustainability sectors. The City of London, being at the frontline of green finance and efforts to accurately price climate-related risks and opportunities can be a natural partner [...]
The Indian External Affairs Minister’s recent visit to Tunisia highlights India’s commitment to engaging with both larger and smaller economies of Africa alike. Highlights: In the last five years, Indian leaders have paid 29 visits to African countries to expand Indian presence and counter China’s dominance in the continent. Indian Foreign Minister Jaishankar’s visit to Tunisia shows that India recognises the latter’s repeated support. India wants to present itself as a more empathetic soft power and an ally on whom [...]
The African nation invites Indian investors to partake in its growth journey with a wide array of financial advantages and tax incentives. Highlights: Tunisia has signed 54 bilateral agreements for the promotion and protection of investments as part of its policy to promote and diversify trade. Tunisia reduced its income tax rate to 10 per cent for totally exporting companies, and total exemption from VAT and customs duties on inputs of products to be re-exported. The country also introduced the [...]
Indian Foreign Minister S Jaishankar has said India is exploring air corridors between India and five ‘Stans’ of Central Asia to enhance and deepen economic engagement and facilitate trade in perishable goods such as food products and farm produce and position India as a medical tourism destination in the region. Highlights: Central Asia is crucial to India as a source of raw materials such as oil and gas as well as uranium. Bilateral trade, however, remains below potential due to [...]
Anit Chandarana is the Chief of Staff at Network Rail, the owner and developer of Britain’s rail infrastructure. In this interview,..
The Tata Group owned Jaguar Land Rover (JLR) made a return to profit amid an overall gloomy outlook for the automotive sector following Britain’s exit from the European Union (EU). Highlights: Tata owned Jaguar Land Rover bucked an overall industry trend which saw UK car production drop by marking a 2.8 per cent rise year-on-year. JLR has attributed the turnaround to its Project Charge, which reduced operating costs by £154 million and delivered cost and cash flow improvements totalling £2.9 billion. [...]
A first-of-its-kind research into the Indian diaspora’s influence on UK-India relations throws up not only some solid tax and revenue data but also reflects upon the intangible inputs of this 1.5-million-strong resource. Highlights: ‘India in the UK: The Diaspora Effect’ attempts to measure the Indian diaspora’s multi-billion-pound contribution to the British economy. 654 diaspora-owned companies in the UK – excluding partnerships or sole traders – have combined revenues of £36.84 billion, employing over 174,000 people. As a result of the [...]
India’s national carrier, which failed to find a buyer when it was put on the block two years ago, is once again in play. And this time, the Modi government has sweetened the deal by removing more than $4-billion debt from its books and offering to sell a 100 per cent stake. The last time the Maharajah, aka Air India, was up for sale, it found no takers. When the Narendra Modi government tried to sell a 76 per cent [...]