Pakistan's economy faces a grim future with inflation expected to stay high. Soaring oil prices and regional conflict are straining the nation's finances. Analysts predict economic growth will slow significantly. The country's stock market is already among the world's worst performers
Delhi on Sunday (May 3, 2026) recorded a minimum temperature of 24.6°C and is likely to witness thunderstorms with rain, according to the India Meteorological Department (IMD). The IMD on Saturday (May 2, 2026) issued a 'yellow' alert for the national capital for the next two days, warning of rain
‘I never thought this could happen to me, I’m young, just in my 30s. It’s a line we hear quite often," says Dr Chetan Anchan, Surgical Oncologist, Director, SSO Cancer Hospital. Over the last few years, there has been a noticeable rise in cancers being diagnosed in younger individuals—cases
Diksha Dagar in contention in Mauritius as Hitaashee, Tvesa also make cutDiksha Dagar in contention in Mauritius as Hitaashee, Tvesa also make cut Published on: May 03, 2026 2:43 PM IST PTI Share via Copy link Port Louis , Indian golfer Diksha Dagar played a solid bogey-free 3-under 69 to move into
There was a time when his face felt familiar in living rooms across India, the kind of actor you didn’t always notice immediately, but somehow remembered long after the film ended. Today, the story of Raj Kiran lingers in a very different way… not through his performances
New Delhi: The Comprehensive Economic and Trade Agreement (CETA) between India and the United Kingdom provides near-complete tariff elimination for Indian exporters, unlocking significant opportunities across various sectors. India's principal advantage under the agreement lies in duty-free access for its labour-intensive sectors, processed food items, and other high-tariff product segments where India holds a strong competitive edge.

UK FTA Deal: India To Get Zero Tariffs On Key Sectors Like Textiles, Leather, Metals
The India-UK CETA promises immediate and significant benefits for a range of labour-intensive sectors that form the backbone of India's MSME ecosystem and employ millions across the country. Under the agreement, several key sectors will now enjoy zero-duty access to the UK market.
New Delhi: The Comprehensive Economic and Trade Agreement (CETA) between India and the United Kingdom provides near-complete tariff elimination for Indian exporters, unlocking significant opportunities across various sectors. India's principal advantage under the agreement lies in duty-free access for its labour-intensive sectors, processed food items, and other high-tariff product segments where India holds a strong competitive edge.
The India-UK CETA promises immediate and significant benefits for a range of labour-intensive sectors that form the backbone of India's MSME ecosystem and employ millions across the country. Under the agreement, several key sectors will now enjoy zero-duty access to the UK market.
In textiles and clothing, which previously faced tariffs of up to 12 per cent, complete liberalisation will enhance India's competitiveness against rivals like Bangladesh and Vietnam, spurring large-scale exports of value-added garments. Similarly, the leather and footwear sector, which earlier faced duties as high as 16 per cent, will now enjoy zero tariffs--a major win for exporters in states such as Uttar Pradesh and Tamil Nadu.
Add Zee News as a Preferred Source
Sectors such as gems and jewellery, furniture, and sports goods, which were previously subject to duties of up to 4 per cent, now benefit from full duty elimination, boosting exports of handcrafted, artisanal, and design-intensive products.
A particularly notable gain is in processed foods, where products that earlier faced tariffs of up to 70 per cent will now see zero duty on 99.7 per cent of tariff lines. Beyond these, India secures improved market access in sectors with strong export potential that previously faced moderate tariff barriers.
Marine and animal products, which had duties up to 20 per cent, will now enjoy zero tariffs, significantly benefiting seafood, dairy, and meat exporters. Similarly, the removal of tariffs on vegetable oils and plant-based products--including those facing up to 20 per cent earlier--will support exporters of edible oils, oilseed derivatives, packaged foods, tea, coffee, and spices, thereby aiding India's agri-processing sector and rural economy.
The elimination of duties on chemicals, electrical and mechanical machinery, and plastics and rubber will further strengthen India's global competitiveness in these emerging sectors. Strategically, these trade gains align closely with India's development agenda under initiatives such as 'Make in India' and the Production Linked Incentive (PLI) Scheme.
The India-UK CETA is a carefully crafted agreement that delivers immediate and meaningful benefits to high-employment sectors--particularly textiles, leather, gems and jewellery, organic chemicals, plastics, artisanal goods, and processed food--reinforcing India's industrial and export ambitions.
Source: ZeeNews
Related Posts: My comprehensive gifting guide for 2026 to help you pick the perfect gift Comprehensive financial planning NMC releases comprehensive counselling schedule SEBI board to consider comprehensive review of mutual funds Congress demands comprehensive relief package for flood-hit Jammu and Kashmir A Comprehensive Step-By-Step Guide To Becoming An Organ Donor In India Why Comprehensive Sexual And Reproductive Education Matters for Young Adults India And US Move To Intensify Efforts On Bilateral Trade Agreement Trade agreement with US amounts to ‘surrender’ by Modi government Biggest Free Trade Agreement in India's history finalised today
Tamil Nadu Election 2026: Like in his films, where he often stays two steps ahead of the villain, Vijay appears to be bringing the same instinct into politics. Though new to the political arena, the “Thalapathy" seems keen to stay ahead of the game.Tamil Nadu Election 2026: Like in his films
1 hours ago
On April 24, seven AAP Rajya Sabha lawmakers, including Maliwal, officially merged with the BJP Leaving the Aam Aadmi Party was “never the plan” for Swati Maliwal, who asserted that she remained committed to the party since its inception despite recent tensions. However
1 hours ago
The 2026 World Cup has been a story of high ticket prices, expensive accommodation and train fares way above normal rates. It has been clear for a while that, on cost alone, this tournament is set to be like no other. What if you decided, today
1 hours ago
Student bodies representing Manipur seek 'lasting political solution' from CentreStudent bodies representing Manipur seek 'lasting political solution' from Centre Published on: May 03, 2026 2:42 PM IST PTI Share via Copy link New Delhi, Several student organisations representing indigenous hill
1 hours ago
Mumbai-Pune Missing Link Real Estate Boon: The market is moving — and the names are not small. Godrej Properties has already acquired a 90-acre land parcel in Khalapur, Raigad. If you have been sitting on the fence about buying a weekend home near Lonavala or a plot somewhere along the
1 hours ago
Nine persons, including a toddler, were killed in a fire that broke out in a residential building in east Delhi’s Vivek Vihar on Sunday, The Hindu quoted the Delhi Fire Services as saying. According to a preliminary probe an air-conditioner blast might have triggered the fire
1 hours ago
“So you made it to the voter list!” exclaimed a middle-aged resident of my locality in Kolkata. He was addressing the man standing next to me in the crowd that had gathered to vote in the polling station in the government school in our neighbourhood. “I thought you were from another country
1 hours ago
The Mittal Family and Adar Poonawalla are set to acquire a controlling stake in the Rajasthan Royals IPL franchise. The deal values the team at approximately $1.65 billion. This significant acquisition includes ownership of associated teams in South Africa and the Caribbean
1 hours ago
Quote of the day: “Injustice anywhere is a threat to justice everywhere.” — Martin Luther King Jr. He also said, “We are caught in an inescapable network of mutuality, tied in a single garment of destiny. Whatever affects one directly, affects all indirectly
1 hours ago
The Kedarnath Dham Yatra has just begun, but troubling reports have already emerged. A 69-year-old devotee reportedly died of a heart attack on the very first day of the pilgrimage. In a separate incident, a 32-year-old man also lost his life to a heart attack at Sonprayag
1 hours ago
May 03, Birthday Horoscope: Here's what the tarot cards have in store for youIf your birthday falls on May 03, here’s what your year ahead looks like, as per Tarot. Published on: May 03, 2026 11:01 AM IST By Kishori Sud Share via Copy link If you were born on May 3
1 hours ago
Mrunal Thakur and Adivi Sesh’s Dacoit is reportedly releasing on OTT soon. The release date is locked. The much-awaited action drama has already generated strong curiosity among audiences ever since its announcement. The film hit theatres on April 10, 2026
1 hours ago
Germany's defence minister has said the US decision to withdraw 5,000 troops from his country was "foreseeable", as the Nato military alliance says it is seeking clarification from Washington. Speaking to the DPA news agency, Boris Pistorius also stressed "the presence of American soldiers in
1 hours ago
The IPL 2026 season is well underway, yet the venues for the playoffs remain uncertain. The Board of Control for Cricket in India (BCCI) has hinted that a significant announcement regarding this matter will be made shortly. The schedule for the league stage of IPL 2026 was released in two phases
1 hours ago
New Delhi: , a security and facility management services provider, aims to cross Rs 20,000 crore in revenue by FY27, driven by strong double-digit growth, expansion of its service network, and a simplified regulatory framework under new labour codes, said its Group Managing Director Rituraj Sinha
1 hours ago
Lorna Hajdini row: Did JPMorgan executive's son react to assault allegations? Fact-checking viral claimLorna Hajdini, a JPMorgan executive, is accused of sexual assault by a former employee, which her lawyer denies. Published on: May 03, 2026 2:08 PM IST By Shweta Kukreti Share via Copy link Lorna
1 hours ago
Cement cos in Meghalaya imported nearly 3 lakh mt of coal without valid papers: HC-appointed panelCement cos in Meghalaya imported nearly 3 lakh mt of coal without valid papers: HC-appointed panel Published on: May 03, 2026 2:49 PM IST PTI Share via Copy link Shillong
1 hours ago
While the government has already stepped in by converting some debt into equity—reducing outstanding dues from Rs 87,695 crore to Rs 64,046 crore—experts suggest this is only a temporary fix. New Delhi: Vodafone Idea is standing at a critical point and may need nearly Rs 50
1 hours ago
Two first information reports have been registered in Punjab against Rajya Sabha MP Sandeep Pathak, days after he left the Aam Aadmi Party and joined the Bharatiya Janata Party’s legislature party in Parliament, The Hindu reported on Saturday
1 hours ago
Some wins hit differently. And for Marta Kostyuk, this was one of them. The Ukrainian star, currently ranked World No. 23, captured her first-ever WTA 1000 title at the Madrid Open with a straight-sets win over Mirra Andreeva, 6-3, 7-5. Kostyuk broke down in tears after sealing the win
1 hours ago
Summer brings with it a predictable shift in consumption, coolers, juices, iced teas, and an array of “refreshing" beverages dominate daily routines. But beneath the promise of hydration and health, many of these drinks carry an often-overlooked ingredient: hidden sugar
1 hours ago
Hindutva ideologue VD Savarkar had filed five mercy petitions with the British colonial administration and referred to the cow not as a god but as a “useful animal”, Live Law on Saturday quoted his grandnephew Satyaki Savarkar as having told a Pune court
1 hours ago
The 2026 West Bengal election is not throwing up a wave but a statistical deadlock. Across most exit polls, the story isn’t who is winning, but how narrowly the contest is balanced around the majority mark of 148. Seat ranges overlap, leads are fragile, and in several projections
1 hours ago
Indian Potterheads keep the magic alive for this International Harry Potter DayOn International Harry Potter Day, fans express nostalgia for the series, sharing their collections and personal stories Published on: May 03, 2026 2:32 PM IST By HT Correspondent Share via Copy link Harry Potter fans
1 hours ago
The Iran war's impact on energy prices is forcing central banks to reassess policy. Robeco anticipates the Fed will cut rates twice this year, while the ECB might hike in June and September if Brent crude stays near $80. Asia faces significant exposure
1 hours ago
Donald Trump once predicted the US-Israeli war in Iran would last no longer than six weeks. It has now entered its third month. The conflict has caused a global energy shock on a par with the oil crises of the 1970s, driving up prices of everything from fuel to groceries
1 hours ago
SRH vs KKR Pitch Report: Sunrisers Hyderabad are on a five-match winning streak. They face Kolkata Knight Riders at home. Hyderabad's batting is in strong form with key players scoring heavily. The pitch is expected to favour batsmen. Hyderabad's bowling has also been consistent
1 hours ago