Breaking News Live Updates: India-UK FTA should become a template for other similar deals: NSE CEO Ashish Kumar Chauhan

Time of India

4 days ago

25 Jul 2025 | 06:25:23 AM IST
Breaking News Live Updates: Ashish Kumar Chauhan, MD & CEO of the National Stock Exchange (NSE), has said that the India-UK trade deal should become a template for India's other trade deals with like-minded countries. He termed the deal a harbinger of things to come under new geopolitical realities, where multilateralism is gradually moving away. Breaking News Live Updates: Ashish Kumar Chauhan, MD & CEO of the National Stock Exchange (NSE), has said that the India-UK trade deal should become a template for India's other trade deals with like-minded countries. He termed the deal a harbinger of things to come under new geopolitical realities, where multilateralism is gradually moving away."This is the first deal post Brexit, what I call the gradual moving away from multilateralism; that, in a way, (US President) Donald Trump kickstarted. So, India-UK Free Trade Agreement should become a template for India's deals with other important like-minded countries like the US, the EU or Japan," Chauhan told ANI.The India-UK Free Trade Agreement was signed and formalised on Thursday during Prime Minister Narendra Modi's visit to the UK."We already have an FTA with Australia. But this is coming post the new Labour Government took over and this deal actually was negotiated initially with the Conservative Government and then last year, when the Labour Government came into play, many people thought this may not be working out. But post-Donald Trump inauguration in January, I think things have changed very suddenly. The changes have accelerated," the MD & CEO of NSE said. Show more Prime Minister Narendra Modi on Thursday expressed condolences on the loss of lives in a plane crash in Russia. PM Modi said that India stood in solidarity with the victims.In a post on X, he said, "Deeply saddened at the loss of lives in the tragic plane crash in Russia. Extend our deepest condolences to the families of the victims. We stand in solidarity with Russia and its people." Prime Minister Narendra Modi on Thursday expressed sadness over the loss of lives due to an accident in Himachal Pradesh's Mandi. He also announced an ex gratia of Rs. 2 lakh to the next of kin of each deceased and Rs. 50,000 for the injured."Saddened by the loss of lives due to an accident in Mandi, Himachal Pradesh. Condolences to those who have lost their loved ones in the mishap. May the injured recover soon," PM Modi said in a post on X."An ex-gratia of Rs. 2 lakh from PMNRF would be given to the next of kin of each deceased. The injured would be given Rs. 50,000: PM," the post added.At least seven people died and around 20 others were injured after a Himachal Road Transport Corporation (HRTC) bus fell into a gorge near the Maseran area of Sarkaghat sub-division in Himachal Pradesh's Mandi district on Thursday morning. Australia and Britain's defence and foreign ministers arrived for talks in Sydney on Friday on boosting cooperation, including deepening the two countries commitment to the AUKUS nuclear submarine partnership.Britain's Foreign Minister David Lammy and Defence Secretary John Healey were met by Prime Minister Anthony Albanese in Sydney, where talks are expected to focus on boosting trade ties and progressing the AUKUS partnership for Britain and Australia to build a new class of nuclear-powered submarine.The United States is reviewing the trilateral agreement struck in 2021, and has pressed Australia to increase defence spending to counter China's military build-up in the Indo Pacific region. A magnitude 6.6 earthquake struck Friday off the southwestern coast of Pacific nation Samoa, the United States Geological Survey said. The quake struck at a depth of 314 kilometres (195 miles) at 12:37 pm (2337 GMT Thursday), more than 400 kilometres from Samoa's southwest coast, the USGS said.The US tsunami warning agency said there was "no tsunami threat".
- Director General, FICCI, Jyoti Vij, on India-UK FTA Prime Minister Narendra Modi on Thursday concluded his two-day visit to the UK during which the two countries inked a landmark free trade pact.Modi was hosted by his UK counterpart, Keir Starmer, at Chequers – the official country residence of the British Prime Minister – for an intense session of talks that also covered regional and global issues of mutual interest.'Concluding a very important UK visit. The outcomes of this visit will benefit our future generations and contribute to shared growth and prosperity. Gratitude to the PM Keir Starmer, the UK government and people for their warmth,' Modi said in social media post.He leaves for the Maldives for the second leg of his two-nation tour, soon after an audience with King Charles III at his Sandringham Estate in Norfolk, eastern England. He presented the British monarch with a Sonoma dove tree, or handkerchief tree to be planted at the royal estate in the Autumn as part of his environmental initiative 'Ek Ped Maa Ke Naam'. Ashish Kumar Chauhan, MD & CEO of the National Stock Exchange (NSE), has said that the India-UK trade deal should become a template for India's other trade deals with like-minded countries. He termed the deal a harbinger of things to come under new geopolitical realities, where multilateralism is gradually moving away."This is the first deal post Brexit, what I call the gradual moving away from multilateralism; that, in a way, (US President) Donald Trump kickstarted. So, India-UK Free Trade Agreement should become a template for India's deals with other important like-minded countries like the US, the EU or Japan," Chauhan told ANI.The India-UK Free Trade Agreement was signed and formalised on Thursday during Prime Minister Narendra Modi's visit to the UK."We already have an FTA with Australia. But this is coming post the new Labour Government took over and this deal actually was negotiated initially with the Conservative Government and then last year, when the Labour Government came into play, many people thought this may not be working out. But post-Donald Trump inauguration in January, I think things have changed very suddenly. The changes have accelerated," the MD & CEO of NSE said.