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Amitabh Kant pitches for FTAs, asks Indian companies to be globally competitive

Amitabh Kant pitches for FTAs, asks Indian companies to be globally competitive Twitter India will lose huge opportunities if it keeps out of free trade agreements (FTAs) and Indian companies should aim to become globally competitive instead of adopting a protectionist stance, Niti Aayog CEO Amitabh Kant said on Wednesday. Addressing a virtual event organised by the Broadband India Forum, Kant said the fear of being flooded by imports from FTA countries is not the correct approach. "You first ...
New Zealand United Kingdom South Korea Amitabh Kant Anup Wadhawan Association Of Southeast Asian Nations

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FTA talks resumption with EU, fresh negotiations with UK soon: Commerce secretary

FTA talks resumption with EU, fresh negotiations with UK soon: Commerce secretary SECTIONS Share Synopsis โ€œThey (the USTR) have notified and kept in abeyance (the tariffs). This is a part of the global effort to reach a broader understanding on taxation in the face of recent developments in e-commerce and is moving in a conducive manner... I am sure the world will reach some understanding on these issues,โ€ he said while addressing the media. Agencies With the EU, Wadhawan said that at the h...
United States United Kingdom New Delhi Aatmanirbhar Bharat European Union Anup Wadhawan

Accellion's failure to warn RBNZ of exploited bug led to hack

By Juha Saarinen on Jun 1, 2021 12:55PM RBNZ governor Adrian Orr. /Supplied Bank made things worse by not adhering to own usage guidelines. The Reserve Bank of New Zealand was hacked after Accellion failed to send out a warning that its File Transfer Appliance (FTA) contained an actively exploited vulnerability with patches available. While Accellion had patches for its FTA product available in December 2020, and was made awa...
New Zealand Adrian Orr Reserve Bank File Transfer Appliance Christmas Day File Transfer Application

UAE reduces penalties for violating tax laws

UAE reduces penalties for violating tax laws (KT file) FTA to amend administrative penalties in support of businesses fulfilment of their tax obligations and enhancement of the States competitiveness. The Federal Tax Authority (FTA) has confirmed that Cabinet Decision No. 49 of 2021 on amending some provisions of the Administrative Penalties for Violation of Tax Laws in the UAE, is designed to support tax registrants and help them fulfil their tax obligations, thereby enhancing the states compe...
Khaleej Times United Arab Emirates Muzaffar Rizvi Al Bustani Khalid Ali Al Bustani Tax Authority

Formal negotiations on India-UK FTA to start after domestic consultations conclude

Formal negotiations on India-UK FTA to start after domestic consultations conclude May 25, 2021 UK begins 14-week stakeholder talks, India too engaged in internal consultations Formal negotiations between the UK and India on the proposed Free Trade Agreement (FTA) will not begin immediately as both countries will spend the next few months to gather inputs from all stakeholders including businesses, consumers and concerned Ministries and Departments, sources have said. UK International Trade Se...
United Kingdom New Delhi Richard Heald Narendra Modi Boris Johnson Commerce Industry Ministry

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