Page 2 - Uk-india

India trade deal offers biggest hope for UK economy heading for a crisis

It has been anything but a smooth ride for the Rishi Sunak led UK government, with the latest official data released this week reflecting a shrinking economy and a looming two-year-long recession. The British Indian former finance minister, who took charge at 10 Downing Street last month with the promise to fix the fiscal errors of predecessor Liz Truss' disastrous mini-budget, has pledged to get a grip on the soaring inflation as a priority and warned of tough tax and spending decisions ahead. Economic experts agree on the massive scale of the challenge, even as they hold out the prospect of a free trade agreement (FTA) with India as a potential generator of much-needed economic growth. The economic crisis in the UK is caused by some new and some longstanding factors, explains Dr Anna Valero, Senior Policy Fellow at the London School of Economics (LSE) Centre for Economic Performance. High inflation, high interest rates and tightening fiscal policy occurs against the backdrop of .

UK completed majority of sections of free trade agreement with India

Despite economic and political turmoil, the UK has completed most of the sections of the much-awaited free trade agreement with India.Trade Department Minister Greg Hands on Wednesday said that - Britain has completed the majority of sections of a free trade agreement with India but will only sign off on the deal once happy that it is fair and reciprocal."We have already closed the majority of chapters and look forward to the next round of talks shortly. We are working towards the best deal for both sides and won't sign until we have a deal that is fair, reciprocal and ultimately in the best interests of the British people and the UK economy," Hands told parliament.He further questioned Labour Party whether they will ever support any UK trade deal as the party earlier had blocked such deals in past."Good to be back at the dispatch box today answering a Labour Urgent Question on a trade deal with India. Now a question to Labour: when will they ever support any UK trade deal? They ...

Yogi, UK-India business council chairperson discuss investment plans in UP

Chairperson of UK-India Business Council Richard Heald met Uttar Pradesh Chief Minister Yogi Adityanath on Thursday, during which the two discussed avenues for British investment in the state. During the meeting at the chief minister's official residence, Adityanath highlighted that the state provided ample opportunities for British companies to invest in any sector, including defence, electronics, information technology, and dairy. He said the government was planning to organise "Uttar Pradesh Global Investors' Summit" next year, and investment-oriented policies were being prepared for various sectors. "Uttar Pradesh is fast emerging as an attractive investment destination for the world," he said. Heald assured the United Kingdom's participation in the investors' summit as a country partner, according to an official release. The UKIBC chairperson invited Adityanath to London and requested him to meet representatives of various British companies, the release said. Heald said a be

UK's Labour Party aims to strengthen connections with Indian diaspora

The Labour Convention of Indian Organisations (LCIO) is aiming to close the gap between British Indians and the Labour Party by boosting the Indian diaspora connection

Have already raised Ukraine issue with Modi at diplomatic level: Johnson

British Prime Minister Boris Johnson on Thursday said his country has already raised the Ukraine war issue with Prime Minister Narendra Modi at a diplomatic level

Third round of UK free trade talks to be held in India in April

The third round of talks as part of the ongoing India-UK free trade agreement (FTA) negotiations will be hosted by India next month, Britain's Department for International Trade (DIT) said.

British PM Boris Johnson says UK and India are natural partners

British Prime Minister Boris Johnson on Tuesday said that the UK and India are natural partners who are working together on many fantastic projects from partnership on 5G and telecom to startups. Addressing the Global Technology Summit via video link, Johnson said that over the coming decade, India and the UK will continue to deepen their bonds on technology and other areas as they have set out in the 2030 India-UK roadmap. With our shared culture of innovation and our entrepreneurial spirit, the UK and India are natural partners. We're working together on many fantastic projects, from the UK-India partnership on 5G and telecom to the UK startups who are working with India giants, the prime minister said. Working side-by-side, we will not only make breakthroughs that will transform people's lives, but we'll help shape a new technology based on the principles of freedom, openness and peace, Johnson added.

UK-India joint research and innovation funding led to 258 projects: Report

The UK-India research and innovation relationship has resulted in 258 projects with a joint investment of around 330 million pounds, UK Research and Innovation (UKRI) India said in a new report

Piyush Goyal, Liz Truss agree next steps to launch UK-India trade talks

Increasing UK-India trade has been dubbed a huge opportunity by the UK

FS Shringla meets British counterpart, reviews 2030 roadmap to India-UK FTA

Foreign Secretary Harsh Vardhan Shringla has met his British counterpart Lord Tariq Ahmad and held a comprehensive review of the UK-India cooperation in multilateral fora and on global issues and the implementation of Roadmap 2030, a 10-year plan that was unveiled in May for bilateral partnership on the road to a free trade agreement (FTA). Shringla arrived in London on Friday on a two-day visit. He held meetings with his counterpart Ahmad, Minister of South Asia in the Foreign Office, and Philip Barton, the Permanent Under-Secretary of the Foreign, Commonwealth and Development Office (FCDO) on Friday. "Cordial meetings at FCDO of HE Foreign Secretary @HarshShringla with HE Minister of State Lord Tariq Ahmad & HE Permanent Under-Secretary @PhilipRBarton: a comprehensive review of India-UK agenda, co-op in multilateral fora & on global issues, implementation of RoadMap2030," the Indian High Commission in the UK tweeted. The Roadmap 2030 was adopted at a virtual summit between ..

UK-India summit: Serum Institute set to invest 240 million pound in Britain

The Serum Institute of India will invest 240 million pound in the UK to expand its vaccine business and set up a new sales office creating a large number of jobs

Four passengers on Air India's London-Delhi flight test positive for Covid

Four passengers travelling on Air India's London-Delhi flight tested positive for Covid-19 on arrival, a top official of Genestrings Diagnostic Centre said on Monday

UK launches £3 mn innovation challenge in India to tackle Covid-19 pandemic

Applicants are required to submit bids as an academia-industry consortium, ideally with an international member

UK exploring AI, fintech partnerships with India: High Commissioner Asquith

UK was creating tech clusters in India to build these technologies and bring their applications to the market, British High Commissioner to India Dominic Asquith told Peerzada Abrar in an interview

UK Defence Minister accused of snubbing Nirmala Sitharaman: Report

From the Indian side, Niti Aayog Vice-Chairman Rajiv Kumar was joined by finance and railways minister Piyush Goyal via live video link from New Delhi

UK will stand with India, support its emergence as a world power: Minister

India's 70th year of independence is being marked across the UK with a series of events

UK-India to hold talks on bilateral trade, investment

The ninth UK-India Economic and Financial Dialogue will be hosted by Arun Jaitley