Setting an ambitious trajectory of growth in trade and economic relations with a Trade and Economic Partnership Agreement (TEPA) with the European Free Trade Association on Sunday, India has achieved a binding commitment of USD 100 FDI, a window to Indian exporters to access large European and global markets and an impetus to 'Make in India' by encouraging domestic manufacturing in sectors such as infrastructure and connectivity, manufacturing, machinery, pharmaceuticals, chemicals, food processing, transport and logistics, banking and financial services and insurance.
The deal with EFTA --comprising Switzerland, Iceland, Norway & Liechtenstein - an an inter-governmental organization set up in 1960 for the promotion of free trade and economic integration for the benefit of its four member states, follows approval by the Union Cabinet chaired by Prime Minister Narendra Modi and marks the most substantial gains ever by India in the history of its free trade agreements. As per the deal, the EFTA will promote investments with the aim to increase the stock of foreign direct investments by USD 100 billion in India in the next 15 years. The investments do not cover foreign portfolio investment.
For the first ever time in the history of FTAs, a legal commitment is being made about promoting target-oriented investment and creation of jobs.
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Why Jiribam in Manipur is burning, again
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Air Sahara (1993-2007)
Air Sahara was founded in 1991 and made its inaugural flights in late 1993. The airline was a subsidiary of the Sahara Group conglomerate.
Hockey: Manipur, Haryana enter Men's National Championship quarter-finals
Manipur and Haryana qualified for the quarter-finals of the Hockey India Senior Men National Championship after convincing victories in their respective matches on the final day of the pool stage here on Monday.
La Liga leaders Barca stumble in controversial defeat at Sociedad
La Liga leaders Barcelona fell to a 1-0 defeat at Real Sociedad on Sunday as they had a Robert Lewandowski goal controversially disallowed.
Napoli hold Inter, keep lead in crowded Serie A title race
Napoli held Inter Milan to a 1-1 draw on Sunday and maintained their lead at the top of Serie A as a host of teams now line up to contend for top spot.
Wrestler Sikandar Shaikh crowned Rustam-E-Hind
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New Zealand stun Sri Lanka, defend 108 on tricky Dambulla pitch
In an extraordinary display of bowling prowess, the New Zealand (NZ) cricket team successfully defended a modest total of 108 runs against Sri Lanka (SL) in Dambulla on Sunday.
Buttler powers England to victory in 2nd T20 against West Indies
England captain Jos Buttler's knock of 83 runs led England to a comfortable victory against West Indies (WI), winning by seven wickets while chasing a modest total in the 2nd T20I in Bridgetown on Sunday.
Arsenal draw 1-1 with Chelsea, Man United beat Leicester 3-0
Arsenal's Premier League title challenge took another hit on Sunday after a 1-1 draw with Chelsea.
Sindhu, Lakshya hope to regain form at Kumamoto Masters
Star shuttlers PV Sindhu and Lakshya Sen will be eager to regain form when they lead the Indian challenge at the Kumamoto Masters Japan Super 500 tournament beginning here on Tuesday.
