NEW DELHI: India's trade with BRICS countries may be poised for a take-off as officials work to extend customs-related privileges to trusted merchants from these nations, which would also fetch similar benefits to Indian exporters to those markets, two persons familiar with the matter said.
While such a mutual recognition agreement (MRA) is already in place with Russia, the next one will be signed with South Africa, one of the two people said. "This is expected by the end of January 2025. Work has already started to sign a similar deal with Brazil," the person said on the condition of anonymity.
This may be followed by negotiations for a similar pact with China, India's immediate neighbour and biggest trading partner.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Rain revelry no more; deluge ravaged 24 UP primary schools
In the context of the Indian subcontinent, two things bring unadulterated joy - rain and children.
Govt presents 2nd supplementary budget of Rs 17865.72 crore
The UP government on Tuesday presented its second supplementary budget of Rs 17865.72 crore for 2024-2025, including additional provisions for sprucing up the energy sector, making Prayagraj Mahakumbh secure and magnificent, creating development infrastructure, providing additional funds for maintenance of cows and ensuring the sanctity of examinations.
EDUCATION MIN ANNOUNCES OVERHAUL, NTA TO ONLY CONDUCT ENTRANCES
The National Testing Agency (NTA) will not conduct any recruitment exams starting 2025 and will focus on only higher education entrance exams, Union education minister Dharmendra Pradhan said on Tuesday.
Rahul, Jadeja, tailenders help India avoid follow-on at Gabba
BRISBANE: KL Rahul and Ravindra Jadeja were determination personified as their fighting fifties helped India avoid the follow-on on the fourth day of the weather-hit third Test against a menacing Australia that seems meandering towards a draw.
New Zealand crush England to send Southee out on high
HAMILTON: New Zealand tore through England's batting Tuesday to crush the visitors by 423 runs in the third Test and send Tim Southee into retirement on a triumphant note.
INJURED JOSH HAZLEWOOD TO MISS REST OF INDIA SERIES
Australia pace spearhead Josh Hazlewood is likely to miss the rest of the Test series against India after injuring his right calf during his warm-up before play in Brisbane on Tuesday.
Security concerns hinder AI adoption in India: Report
NEW DELHI: As many as 92% of Indian executives view security vulnerabilities as the foremost challenge to responsible artificial intelligence (AI) adoption, highlighting a pressing need for robust governance frameworks to foster trust and mitigate risks in an increasingly AI-driven landscape, according to a recent report by Deloitte.
Jaitley beats Azad to be re-elected as DDCA president
Incumbent Rohan Jaitley comfortably defeated former India cricketer and Lok Sabha MP Kirti Azad to be elected as the President of the Delhi and Districts Cricket Association (DDCA) for a third successive term.
Banking liquidity deficit hits highest in six months
The liquidity deficit in the Indian banking system hit the highest in nearly six months on advance tax payments by companies and likely dollar sales by the central bank to curb rupee volatility.
Sebi mulls new platform to trace unclaimed MF folios
THE PLATFORM WOULD ALLOW INVESTORS TO SEARCH FOR FORGOTTEN MF INVESTMENTS, UPDATE KYC
