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GVK Reddy shares his thoughts on the India-UAE trade agreement
India and the United Arab Emirates have committed to increase bilateral trade to $100 billion by 2030, resulting in the creation of millions of new jobs. The two countries’ complete free trade agreement is expected to benefit around USD 26 billion in domestic products such as diamonds and jewellery, which are currently subject to a 5 per cent import fee by the Gulf country. GVK Reddy agrees with the broad contours of the agreement and fervently elaborates how it will fulfil the aim of increasing bilateral merchandise trade in the coming years.
On February 18th, 2022, India and the United Arab Emirates signed the Comprehensive Economic Partnership Pact, or CEPA, marking the Indian government’s first free trade pact since 2014. GVK Reddy informs,
“The deal was completed in a record-breaking 88 days, and it will go into effect in May, 2022. Between the two countries, non-oil trade will more than double in five years from $45 billion in 2021 to $100 billion.”
The CEPA between India and the United Arab Emirates is the nation’s first major trade deal in more than a decade. Before that, India signed a landmark free trade agreement with Japan. “It is the first in a series of free trade agreements that India is negotiating in order to increase its goods and services exports to $1 trillion by 2030. Free trade agreements with the United Kingdom, the European Union, Israel, Australia, and Canada are also being pursued by India,” notes GVK Reddy.
Elaborating on the agreement, GVK Reddy informs that the UAE will lower rates on 80 per cent of its tariff lines, which account for 90 per cent of India’s value-added exports to the UAE, under the conditions of the agreement. This is particularly important for exports in highly competitive categories such as textiles and clothing, where India’s exporters have hitherto been at a competitive disadvantage due to import obstacles. Also, GVK Reddy points out that Indian textile and leather exports to the UAE now face a 5 per cent levy, whilst competitors’ products from Vietnam and Bangladesh are duty-free. Over the next 5-10 years, India’s zero-tariff access to the UAE will expand to 97 per cent of UAE tariff lines, corresponding to 99 per cent of India’s exports by value.
Additionally, footwear, sports goods, engineering goods, automobiles, and pharmaceuticals, are all predicted to gain ground. The pact, which is due to go into force in the first week of May 2022, is expected to generate an additional one million jobs in India.
Notably, India has left several commodities out of the agreement, citing a sensitive list of products that account for 10 per cent of tariff lines that are completely exempt.
“Dairy, fruits, vegetables, cereals, tea, coffee, sugar, culinary preparations, cigarettes, toys, plastics, scrap aluminium, and copper are among the items that are excluded from the agreement. Other areas which were left out of the agreement are those where domestic production has increased fast or where the government is rewarding manufacturing through production-linked incentive schemes,”
-cites GVK Reddy.
For the first time, India included a chapter on digital trade in the India-UAE CEPA, signalling the nation’s willingness to pursue this area in bilateral agreements. India has consistently refused to engage in WTO e-commerce discussions, citing concerns that WTO-proposed e-commerce standards would stifle domestic trade. In order to harmonise regulatory requirements for managing digital trade between India and the UAE, constant communication between regulatory organisations on both sides will be maintained.
Overall, the India–UAE CEPA appears to support the present government’s efforts to promote exports. If properly implemented, it will be a valuable tool in the hands of Indian industry, which is familiar with the UAE and, by extension, the Gulf. It also demonstrates a level of consistency in India’s attitude on trade issues such as intellectual property rights and digital trade, which might create roadblocks in India’s ongoing negotiations with the EU and the UK. Meanwhile, the India–UAE CEPA aims to reduce political risk and uncertainty between two significant trading partners.
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Supreme Court AOR firm Vedic Legal settles the debate: Can ancestral property be sold without the consent of successors?
New Delhi (India), June 24: Ancestral property is a valuable asset that is passed
down from one generation to another. It is a symbol of family heritage and pride
that holds significant sentimental value for many families. However, the question
that has been long debated is whether ancestral property can be sold without the
consent of all successors.
According to Indian law, ancestral property is considered to be the collective
property of all successors of the original owner. As a result, the sale of ancestral
property without the consent of all successors is generally not allowed. The
reasoning behind this is that ancestral property is seen as a collective asset, and
all successors have an equal right to it.
However, in certain cases, the sale of ancestral property without the consent of all
successors may be allowed by law. For instance, in cases where the owner of the
property has died intestate and there is no will or agreement in place, legal heirs
may be able to sell off the ancestral property without seeking consent from all
other successors.
It is important to note that the rules regarding the sale of ancestral property
without consent may vary from state to state. Therefore, it is essential to consult a
lawyer before making any decision regarding the sale of ancestral property.
Supreme Court Advocate on record firm with Vedic Legal, a renowned law firm
specializing in property and succession law, recently settled a landmark case in
the Supreme Court. The case involved the sale of ancestral property without the
consent of all successors, and Supreme Court AOR firm Vedic Legal argued that
such a sale was not permissible under Indian law.
The verdict of the Supreme Court, based on Supreme Court AOR firm Vedic Legal
arguments, confirmed that ancestral property could not be sold without the
consent of all successors. This ruling has set a precedent for future cases and has
provided clarity on a contentious issue that has long been debated.
The complexity of the issue of selling ancestral property without the consent of
successors is not lost on legal experts. It is crucial to consider the legal and
ethical implications of such a sale, as it can have significant consequences for all
parties involved.
In some cases, however, selling the ancestral property without the consent of all
successors may be the best option. For example, in cases where there are
disputes between heirs or when some heirs are not reachable, selling ancestral
property without the consent of all successors may be allowed by law.
Additionally, in certain circumstances, selling the ancestral property without
consent may be the only way to resolve financial difficulties faced by the owners of
the property. This may include situations where the owners require funds for
medical treatment or other urgent needs.
However, any decision to sell the ancestral property without the consent of all
successors should be made after careful consideration and consultation with legal
experts. It is essential to ensure that all legal requirements are met and that the
rights of all parties involved are protected.
The sale of ancestral property without consent is a complex issue that requires
careful consideration and legal guidance. While it may be possible in some cases,
it is generally accepted that ancestral property is a collective asset that cannot be
sold without the consent of all successors.
The recent landmark case settled by Supreme Court AOR firm Vedic Legal in the
Supreme Court has provided clarity on the legal aspect of selling ancestral
property without the consent of successors. It has set a precedent for future cases
and has highlighted the importance of seeking legal guidance before making any
decision regarding the sale of ancestral property.
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Who are top 5 most influential astrologers in India?
Various astrologers in India have brought major reforms that have shaped the astrology community progressively and found a path which brings significance.
A huge percentage of our population believes and likes to take decision-based on astrological predictions. They often search for the Best Astrologer in India. This article will help you to choose the same.
Vedic astrology is becoming more and more popular in India since it is thought to be very precise and accurate. Various astrologers in India have brought major reforms that have shaped the astrology community progressively and found a path which brings significance. Its spiritual underpinnings also ensure that it is less about fortune-telling and more about the evolution of the human soul as it strives to unite with the Divine.
Let us take a look at the top 5 most influential astrologers in India.
K. N. Rao
Shri K. N. RAO is an Indian Vedic astrologer. He was an English language lecturer. At the mere age of 12, he was introduced to the world of Vedic Astrology by his mother and can be considered the best Vedic astrologer in the world by his peers and clients. His astrological lectures on Vedic astrology in many countries influenced people to connect with him and Vedic astrology. He was the chief guest at the second conference of the American Council of Vedic Astrology. His book, “Yogis, Destiny and the Wheel of Time” can be referred to as one of the main tools in the world of astrology. His insightful guidance about life has helped people find the path to success.
https://www.journalofastrology.com
Dr Sohini Sastri
The most accomplished Astrologer, Philanthropist and Life Coach, renowned for her expertise in Vedic Astrology, Gemology, Palmistry, Numerology, Vastu Shastra, and Colour Therapy is none other than Dr Sohini Sastri. Over the last few decades, Dr Sastri, one of the Best Astrologers in India, has helped thousands of her followers with astrological predictions and cosmic energy. She is famous for her accurate prediction and effective remedy selection. She is also felicitated by the 2 consecutive Presidents of India. She has been felicitated by several universities and honoured with degrees like a doctorate & D.Litt as well by National American University, USA for her exceptional journey and contribution to society. She is a KP Astrologer with 15+ years of experience. Dr Sastri is popular as the first choice of Bollywood celebrities. She has achieved a great height of astrology and was awarded various honours like ‘Champion of Change 2018, 2019, 2021’, ‘Pride of Nation 2019, 2022’, ‘Indian Achievers Award 2020, 2023’, ‘Femina Brand Award 2021’ and many more. She is a regular columnist for many popular magazines and a renowned writer of 3 popular books on Astrology. She is also a very popular face in different TV Shows. Her contribution as a social reformer and activist also is very much significant.
Pandit Ajai Bhambi
Internationally renowned astrologer and Vastu Shastra specialist Pandit Ajai Bhambi is a well-known figure in the astrology community who is well-known for his in-depth knowledge and accurate forecasts. He applies his astrological expertise to assist people in identifying and achieving their life goals. He has authored a number of books and has contributed to several regional, national, and international newspapers and periodicals. He anticipates challenges in people’s lives and exhorts them to look for chances and learn how to handle them. Also, he has made appearances on a number of national as well as international TV programmes.
Anupam V Kapil
India’s most diversely qualified celebrity astro-numerologist and body language expert Anupam V Kapil is also an author, columnist and TOI daily forecast writer. He is the only phonetic numerologist in India and a well-known face on Indian Television channels, where he has shared his piece of mind with the world on Astrology. He is the esteemed author of the bestselling book “Numerology Made Easy”. He is well versed with the ancient temples of south India and Naadi remedial measures.
Dr Prem Kumar Sharma
At the age of 35, Dr Prem Kumar Sharma decided to pursue astrology as a full-time profession in 1993. Since then, he has made several accurate predictions and carved out a name for himself in the area. Due to his scientific background, he spent his early years researching and studying astronomy, astrology, numerology, gemology, and Tantras in great depth. Astro-consulting to help individuals with their issues has been his only goal in life after receiving a PhD for his studies on Astrological positions and their effect on marriages. He has also made an enormous amount of TV appearances. He has written many books and contributed to several regional, international, and national publications and journals.
https://www.premastrologer.com/
Every person has good and bad times in their lives that bring them joy and sorrow and to overcome the bad situation we take refuge in these great sages
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Sqing Solutions offers path-breaking technology
In today’s fast-paced business environment, technology is no longer an option but a necessity for businesses to thrive and stay competitive.
Within a year of its launch, Sqing Solutions has made a mark in its industry. It is a dynamic and innovative company based in Kerala, that specializes in providing SaaS and technology-driven solutions to businesses. The company’s main focus is on helping businesses succeed by leveraging cutting-edge technologies to streamline their operations, improve efficiency, and increase profitability. In today’s fast-paced business environment, technology is no longer an option but a necessity for businesses to thrive and stay competitive.
With the ever-evolving digital landscape, companies need to adopt and leverage various technological solutions to stay ahead of the curve. Innovative SaaS and technology services play a crucial role in this regard.
At Sqing Solutions, the team comprises highly skilled professionals who have a deep understanding of the latest technologies and trends. Talking about his brand, the founder of Sqing Solutions, stated, “Our company approach is built on solid client relationships, which enables us to provide the greatest service at the most competitive prices. We believe that working closely with customers will provide them with the ability to grow their businesses sustainably, both now and in the future.” The company functions on an evaluation based on criteria such as innovation, quality of management, global competitiveness, talent management, and quality of services. Its core philosophy is centered around customer-centricity, and the team is committed to providing personalized and customized solutions that meet the unique needs of each client.
The company’s expertise lies in managing mobile applications for diverse vernacular languages in India. They also provide extensive support to multiple communities across different regions of India, including sales, customer support, moderation, and re-seller programs, which facilitate business expansion throughout the country. These services are tailored to meet the specific requirements of businesses in various industries. Furthermore, they help them create a strong online presence, attract and retain customers, and provide a positive user experience.
Sqing Solutions is known for its commitment to quality and excellence in all its endeavors. The team follows a rigorous quality assurance process that ensures that all solutions are thoroughly tested and meet the highest standards of quality. By providing a comprehensive range of solutions that help smoothen the functioning, increase productivity, and drive growth, Sqing enables businesses to stay ahead of the curve and achieve their goals.
