FINALIZATION OF INDIA'S FREE TRADE AGREEMENT(FTA) WITH DOUBLE CONTRIBUTION CONVENTION AGREEMENT WITH UK TODAY IS HISTORIC ACHIEVEMENT FOR BOTH THE NATIONS

FINALIZATION OF INDIA'S FREE TRADE AGREEMENT(FTA) WITH DOUBLE CONTRIBUTION CONVENTION AGREEMENT WITH UK TODAY IS HISTORIC ACHIEVEMENT FOR BOTH THE NATIONS


Dear Readers,

It is definitely a Historic Feat and Achievement today, while our Nation India has already finalized the Free Trade Agreement(FTA) with Double Contribution Convention Agreement with UK.

Both, our Hon'ble Prime Minister of India His Excellency Shri Narendra Modi Ji and the Hon'ble Prime Minister of UK, His Excellency Mr. Keir Starmer have praised this FTA with UK along with Double Contribution Agreement with UK, you will get to read their direct messages on "X" in the news reports I am citing here below.

The FTA with UK finalized today, will allow movement of Goods and Services between India and UK free of Custom Duties for the Designated and Named Goods and Services as a historic Trade Agreement achieved between the two Nations. Both UK and India have Historic Bilateral Relationship and Strategic Partnerships due to past linkages as common wealth countries and people to people exchanges that have existed for centuries. This Feat of FTA finalized today between India and UK will be to the Great Benefit of both the Nations in times to come.

The Beauty of the Double Contribution Convention Agreement along with the FTA finalized today is, when the Indian Professionals work in UK with Short-Term Project Based Assignments, they do not have to make the Contribution to the Social Security Schemes in UK which was compulsory earlier and they were paying a lot for it in UK while even in some cases without realizing any benefit out of it at all as they used to return to India after finishing their short term assignments, and at the same time they were also making contribution in India for their Social Security Schemes, that was being Double Contribution and taking a toll in terms of cost on them by double payouts both in India and UK during the period of their Project Assignment in UK.  Now the Compulsory contribution to be made in UK will not be there.

You can read the following two news reports on the above Great News in the National Interest I am citing below, that will give you comprehensive idea both on the FTA and thd Double Contribution Convention Agreement with UK:

India, UK forge Free Trade Agreement ; PM Modi Terms it "Historic Mile Stone"

What is the India, U.K. Double Contribution Convention agreement?

Please do enjoy reading this note in the National Interest, a great achievement of the Nation today. 

With Best regards,
Dr. Nimain Charan Biswal,
Mumbai, India


About the Author : Dr. Nimain Charan Biswal is a B.Sc.(Agri. Science and Technology), M.B.A. and Ph.D.(Management Area ) by qualifications; and he has 39+ years of work experience in Social, both industrial and Development sectors in diversified fields of Social Importance. He has been educated at Orissa University of Agriculture and Technology (OUAT)-Bhubaneswar, Institute of Rural Management Anand (IRMA) and Gujarat University (with Resource Support of IIM-Ahmedabad). He is further educated at IIM-Calcutta, XLRI-Jamshedpur, Apple Computer Industries and Spar Inc., USA. He has worked for reputed National and International Organizations in Senior/Top Management Capacities at Board level as well as Managing Director and CEO. He is a management expert covering extensive areas from management in Social, industrial sectors, management in Agriculture and Dairy, Development Management to management of public systems. He is a prominent professional of India and known Internationally as well. He is also a Political Strategist. He lives at Mumbai in India.



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