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India-UK FTA Historic Deal Provides Duty-Free Access To 99% Of Indian Goods
India and the United Kingdom signed a historic free trade agreement (FTA) on July 24 during PM Narendra Modi’s visit to the UK, where he met his British counterpart Keir Starmer. This FTA which was under negotiation for around three years, will give a much-needed boost to bilateral trade between the two countries by around $ 34 bn annually. The deal was signed by Commerce Minister Piyush Goyal and his British counterpart Jonathan Reynold in presence of the PMs of both the countries. With this landmark deal, India is set to see tariff slashes on several products imported from the UK and the export businesses in India will also benefit immensely. Goyal said that the deal provides duty-free access for about 99% of Indian exports, which will unlock “nearly $ 23 bn in opportunities for labour-intensive sectors, marking a new era for inclusive and gender-equitable growth.” Here’s what gets cheaper for India in terms of imports. (1) Aerospace parts & medical devices. (2) Soft drinks, cars: India will also have better access to British products such as soft drinks, cosmetics and cars. India’s average tariff on UK products will drop from 15% to 3%. (3) Duty cut on scotch by 50% — from 150% to 75% and then to 40% over the next 10 years – giving the UK an edge over international competitors. (4)  More affordable for Indians to live in the UK. Indian firms and freelancers will have access to 36 service sectors in the UK with no ‘Economic Needs Test’.  And Indian professionals can work in 35 UK sectors for 24 months, even without an office in the country. With tariff elimination (as high as 18%) under the CETA, engineering exports to the UK could nearly double in the next five years to touch $ 7.5 bn by 2029-30.
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Rajya Sabha Elders Take A Break From Protests To Bid Goodbye To 6 Retiring MPs From TN
In an unusual break from noisy disruptions and hurried adjournments that have marked the Monsoon Session in the past few days, the Rajya Sabha briefly paused to bid goodbye to 6 MPs who were retiring. Incidentally, all MPs were from Tamil Nadu — MDMK veteran Vaiko, PMK leader Dr Anbumani Ramadoss and DMK leader MM Abdulla and three others. It was great to hear the way leaders of other political parties — particularly John Brittas of the CPI(M) or Manoj Jha of RJD — were paying tributes to octogenarian Vaiko for inspiring them to raise issues on the floor of the House. Recalling Vaiko’s commitment to Sri Lankan Tamils’ cause, Brittas mentioned how Vaiko would always be remembered for his daring and courageous journey to Sri Lanka some half-century ago to meet with the (now eliminated) LTTE chief Velupillai Prabhakaran. “He had then dodged watchful eyes of the Indian Navy as well the Sri Lankan Navy. More than Prabhakaran, it was Vaiko whose daring journey to LTTE hide-out and back made him a hero.”  Brittas also shared how FM Nirmala Sitharaman had in a chat recalled Vaiko’s fiery oratory in his younger days. Barring lawyer P Wilson, DMK had not renominated any of its retiring MPs. Vaiko, who entered the RS with the help of DMK, could not have expected TN chief minister MK Stalin to back him as he had left the DMK protesting against late Karunanidhi promoting Stalin as his heir apparent. Ironically, Vaiko is now promoting his own son Durai Vaiko, who is Trichy Lok Sabha MP, at the cost of other MDMK leaders. AAP MP Sanjay Singh was amazed that DMK member MM Abdulla in his farewell speech raised an issue of connectivity for Hindu pilgrims on a busy route in Dindigul district– that too visiting a temple dedicated to a religious man who had passed away recently.

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Editor’s Note: Short Post Noticed By People Who Matter

Four years have zipped by and we are crossing another milestone on 31st January 2025 – it’s our 4th Anniversary. It feels good.
Looking back at the 1460 days, I must say Short Post has made its mark with people who matter via 4000 stories published in the areas of politics, business, entertainment and sports. All made possible by the unflinching commitment and dedication of our senior editors, most of whom have been part of this journey from Day One.
Small pack, big impact is in essence the story of Short Post which was launched at the height of the Covid-19 pandemic in 2021. It shows our conviction. In all humility, I can say, we have created a new niche in the news segment space like Hindustan Unilever which created a new segment, when it launched CloseUp Gel.
Yes, we have created a brand (in a limited sense), created demand (readers) and created supply (senior journalists). But we are facing teething problems like all start-ups. What makes us happy and confident is the recognition of our efforts. For instance, we have an arrangement with the OPEN Magazine, part of the $4.5 billion Kolkata-based Sanjiv Goenka-RPG Group. This arrangement sees around 10 Short Post stories posted on OPEN Magazine website every week. This arrangement is testimony that our content has been well received! Also, I may add that the Maharashtra government has recognised Short Post and has allowed our senior editor to cover the Assembly sessions. Ditto: Odisha.
Our goal is to ensure that Short Post becomes a habit. I would like people to keep checking their smartphones to know the latest Authentic Gossip. As regards AI and the fear of it disrupting all businesses including media. On that, personally, I have no such fear as I am confident AI cannot smell news particularly Authentic Gossip. That’s the place we are well entrenched.