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India and the United States are nearing a trade deal, focusing on preferential market access. Other trade agreements with Chile and New Zealand are also progressing well. India aims to diversify its services exports beyond IT and professional sectors. The nation sees significant growth potential in its fintech and e-commerce sectors. Reducing remittance costs offers substantial benefits for migrant workers globally.
On Wednesday, Brent crude oil prices exceeded one hundred dollars per barrel. Heightened concerns over supply arose following new attacks on oil facilities and tankers in the Middle East. The U.S. military responded by targeting five Iranian tankers, which were involved in missile strikes, while Houthi rebels ignited oil facilities in Saudi Arabia. These escalating conflicts have driven prices higher.
Addressing the ‘NaMo for Viksit Bharat’ event in Vadodara, Vaishnaw said the first body frame of the bullet train had recently been completed and sent for a squeeze test. “By May or June of next year, India’s own bullet train will be on the tracks for testing. After a testing period of 2-4 months, the bullet train will be inaugurated by the Prime Minister himself,” Vaishnaw said.
The Foreign Assets of Small Taxpayers - Disclosure Scheme (‘FAST-DS’ or ‘Scheme’) was announced in the Union Budget 2026. The Scheme was notified on 14 August 2026 and came into effect on 16 August 2026.
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