Latest news with #MRAs
Economic Times
16 hours ago
- Business
- Economic Times
India, UK set 36-month deadline for mutual recognition of professional qualifications
iStock India and the UK have agreed to negotiate mutual recognition agreements (MRAs) to facilitate the movement of professionals such as nurses, accountants and architects to Britain, an official told is crucial as in certain professional services, recognition of qualifications is an essential requirement. "It has been agreed that both countries will engage in mutual recognition of qualifications because in certain professional services, recognition of qualifications is an essential requirement like nurses, architects, accountants and dentists. Within a period of 36 months, we will try to enter into MRAs with the UK," said the official. MRAs in professional services confer recognition of certain licensing or qualification requirements obtained in the jurisdiction of other the India-UK Comprehensive Economic and Trade Agreement (CETA), Britain has also provided an assured mobility regime for various categories of Indian professionals. Business visitors across all sectors will be allowed entry for up to 90 days within any six months. Intra-corporate transferees including partners and dependents can stay for up to three years. Graduate trainees have also been accommodated under this will be permitted a stay of one year. Contractual service suppliers from 33 sub-sectors, including IT, ITeS, finance, business services, hospitality and transport, can operate in the UK for 12 months within 24 months. Independent professionals from 16 sub-sectors, such as IT, business consulting, telecom and finance, can also access the UK market under similar terms. At present, about 60,000 Indian intra-corporate transferees are working in the UK in the IT sector."For that, the UK has committed that they will provide a visa for three years not only for workers but also for their partners and dependents... Most important is that the UK has also agreed that no numerical restrictions will be imposed on workers," the official UK has agreed not to impose numerical quotas or Economic Needs Test requirements for these categories. On the other hand, India has given market access in professional, financial (like insurance), environmental and other services to the UK."The UK has expertise in these services and it will lead to investments also in India... India has ensured that its policy space in sensitive sectors is preserved," the official has a trade surplus of around $6.6 billion with the said India has not made any commitments to the UK on easing cap on British banks opening more branches. (Join our ETNRI WhatsApp channel for all the latest updates) Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Unlisted dreams, listed disappointments? NSDL's IPO leaves pre-IPO investors riled. Will TCS layoffs open the floodgates of mass firing at Indian IT firms? Sebi's settlement with market intermediaries: More mystery than transparency? Can Chyawanprash save Dabur in the age of Shark-Tank startups? Stock Radar: Thomas Cook breaks out from a Cup & Handle pattern; showing signs of momentum after 30% fall from highs Are fundamental tailwinds a stronger play than volatile markets? 6 mid-cap pharma stocks with an upside potential of over 22% These large-caps have 'strong buy' & 'buy' recos and an upside potential of more than 25% Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
Time of India
5 days ago
- Business
- Time of India
Mutual recognition pacts between India, UK may be ready in 36 months
New Delhi: India and the UK have agreed to negotiate mutual recognition agreements (MRAs) to facilitate the movement of professionals such as nurses, accountants and architects to Britain, an official told ET. This is crucial as in certain professional services, recognition of qualifications is an essential requirement. Explore courses from Top Institutes in Please select course: Select a Course Category healthcare Digital Marketing MBA Others Data Science Leadership Technology MCA CXO PGDM Design Thinking Project Management Data Analytics others Management Operations Management Public Policy Finance Product Management Cybersecurity Healthcare Degree Data Science Artificial Intelligence Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details "It has been agreed that both countries will engage in mutual recognition of qualifications because in certain professional services, recognition of qualifications is an essential requirement like nurses, architects, accountants and dentists. Within a period of 36 months, we will try to enter into MRAs with the UK," said the official. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo MRAs in professional services confer recognition of certain licensing or qualification requirements obtained in the jurisdiction of other countries. In the India-UK Comprehensive Economic and Trade Agreement (CETA), Britain has also provided an assured mobility regime for various categories of Indian professionals. Business visitors across all sectors will be allowed entry for up to 90 days within any six months. Intra-corporate transferees including partners and dependents can stay for up to three years. Graduate trainees have also been accommodated under this category. Live Events Investors will be permitted a stay of one year. Contractual service suppliers from 33 sub-sectors, including IT, ITeS, finance, business services, hospitality and transport, can operate in the UK for 12 months within 24 months. Independent professionals from 16 sub-sectors, such as IT, business consulting, telecom and finance, can also access the UK market under similar terms. At present, about 60,000 Indian intra-corporate transferees are working in the UK in the IT sector. "For that, the UK has committed that they will provide a visa for three years not only for workers but also for their partners and dependents... Most important is that the UK has also agreed that no numerical restrictions will be imposed on workers," the official added. The UK has agreed not to impose numerical quotas or Economic Needs Test requirements for these categories. On the other hand, India has given market access in professional, financial (like insurance), environmental and other services to the UK. "The UK has expertise in these services and it will lead to investments also in India... India has ensured that its policy space in sensitive sectors is preserved," the official added. India has a trade surplus of around $6.6 billion with the UK. Officials said India has not made any commitments to the UK on easing cap on British banks opening more branches.
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Business Standard
6 days ago
- Business
- Business Standard
India, UK to work on recognition of professional degrees to ease movement
India and the UK have agreed to negotiate mutual recognition agreements (MRAs) after implementing the trade deal, as these pacts are important for facilitating the movement of professionals such as nurses, accountants and architects to Britain, an official said. The India-UK trade agreement was signed on Thursday and it may take about a year for its implementation as it requires approval of the British parliament. "It has been agreed that both countries will engage on mutual recognition of qualifications because in certain professional services, recognition of qualifications is an essential requirement like nurses, architects, accountants, and dentists. Within a period of 36 months, we will try to enter intoAs with the UK," a commerce ministry official said. MRAs in professional services are voluntary pacts between competent authorities of respective nations. These confer recognition of certain licensing or qualification requirements obtained in the jurisdiction of other countries. Such requirements include those regarding education, training, certification, accreditation and professional experience. Under the trade pact, the UK has also provided an assured mobility regime for various categories of Indian professionals such as business visitors for all sectors (90 days in any 6 months period); intra-corporate transferees for all sectors including spouses and dependent (three years); investors (1 year); contractual service suppliers (12 months in any 24 months); and independent professionals (12 months in any 24 months). In the IT sector, about 60,000 Indian intra-corporate transferees are working at present in the UK and "for that the UK has committed that they will provide a visa for three years not only for workers but also for their partners and dependents," the official said. "Most important is that the UK has also agreed that no numerical restrictions will be imposed on the workers," the official added. India has, in turn, given market access in some of the important services such as professional, financial (like insurance), environmental and other services. "The UK has expertise in these services and it will lead to investments also in India," the official said. India enjoys a trade surplus of around $6.6 billion with the UK. India's services exports stood at $19.8 billion, while imports were $13.2 billion. "India has ensured that its policy space in sensitive sectors is preserved," the official said.
Time of India
6 days ago
- Business
- Time of India
India, UK to negotiate mutual recognition pacts to ease movement of professionals: Official
India and the UK will negotiate mutual recognition agreements after the trade deal implementation. This facilitates the movement of professionals like nurses and accountants to Britain. The trade agreement requires British parliament approval and may take a year. The UK will provide assured mobility for Indian professionals. There will be no numerical restrictions on workers. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India and the UK have agreed to negotiate mutual recognition agreements (MRAs) after implementing the trade deal, as these pacts are important for facilitating the movement of professionals such as nurses, accountants and architects to Britain, an official India-UK trade agreement was signed on Thursday and it may take about a year for its implementation as it requires approval of the British parliament."It has been agreed that both countries will engage on mutual recognition of qualifications because in certain professional services, recognition of qualifications is an essential requirement like nurses, architects, accountants, and dentists. Within a period of 36 months, we will try to enter into MRAs with the UK," a commerce ministry official in professional services are voluntary pacts between competent authorities of respective nations. These confer recognition of certain licensing or qualification requirements obtained in the jurisdiction of other requirements include those regarding education, training, certification, accreditation and professional the trade pact, the UK has also provided an assured mobility regime for various categories of Indian professionals such as business visitors for all sectors (90 days in any 6 months period); intra-corporate transferees for all sectors including spouses and dependent (three years); investors (1 year); contractual service suppliers (12 months in any 24 months); and independent professionals (12 months in any 24 months).In the IT sector, about 60,000 Indian intra-corporate transferees are working at present in the UK and "for that the UK has committed that they will provide a visa for three years not only for workers but also for their partners and dependents," the official said."Most important is that the UK has also agreed that no numerical restrictions will be imposed on the workers," the official has, in turn, given market access in some of the important services such as professional, financial (like insurance), environmental and other services."The UK has expertise in these services and it will lead to investments also in India," the official enjoys a trade surplus of around USD 6.6 billion with the UK. India's services exports stood at USD 19.8 billion, while imports were USD 13.2 billion."India has ensured that its policy space in sensitive sectors is preserved," the official said.
India Today
18-07-2025
- Business
- India Today
SGS Proudly Marks 75 Years Of Operations In India
SGS proudly marked 75 years of successful operations in India with a grand commemorative event, Vishwasotsav, held in New Delhi. The event was graced by several eminent dignitaries and leaders from the Government of India, regulatory authorities, the corporate world and the leadership team at Chief Guest for this event was Hon'ble Shri Piyush Goyal ji, Minister of Commerce and Industry, Government of India. The Guests of Honor included Her Excellency Ms. Maya Tissafi, Hon'ble Ambassador of Switzerland to India and Bhutan; and members from regulatory bodies which included - Secretary General of Quality Council of India Mr. Chakravarthy T. Kannan; Chairman NABCB – Dr. Ravi P. Singh; and Dr. Kaushik Banerjee – Director, Indian Council of Agricultural Research (ICAR). Distinguished attendees included Ms. Geraldine Picaud, Group CEO, SGS; Mr. Steven Du, Head of Asia Pacific Region, SGS and Mr. Amit Thakkar – Managing Director, SGS India, Bangladesh and Sri Lanka - along with prominent leaders from the public and private – A celebration of Trust – marked 75 years of SGS's service excellence in India's Testing, Inspection, and Certification (TIC) industry. The event honored the company's enduring legacy, and its promise of trust delivered to customers. For over seven decades, SGS has empowered industries by upholding rigorous benchmarks in safety, reliability, regulatory compliance and performance - enabling businesses to deliver world-class products and services with confidence. This celebration also highlighted SGS's pivotal role in India's economic and industrial growth, while reaffirming its unwavering commitment to trust, integrity and the highest standards of quality, that continue to define its impact across industries and on the significance of the milestone, Mr. Amit Thakkar, Managing Director, SGS India, Bangladesh and Sri Lanka shared:'With Vishwasotsav, we celebrate more than just a milestone - we celebrate a mission - one rooted in excellence, guided by integrity and built on the trust we've earned over the past 75 years. I take this moment to recognize the strength of our partnerships, the dedication of our people and our common purpose toward quality and excellence that drives us forward. As we look to the future, we remain steadfast in our commitment to shaping sustainable growth, embracing innovation and delivering lasting value to our stakeholders, our communities, and the evolving world around us.'Union Minister of Commerce and Industry, Shri Piyush Goyal said, 'As we enter into MRAs with Switzerland and as the EFTA agreement comes into effect in the coming months, our focus on partnerships and deeper technical cooperation becomes increasingly important. Recognition of each other's laboratories, testing systems and certifications is essential. These MRA's would stand on the strength of high-quality testing, high-quality inspection, high-quality compliance and I am sure SGS will continue to serve this partnership, bring high-quality standards to India and help us in our evolution in a journey towards better and greater quality standards in India - aligned with the Government of India's 'Zero Defect, Zero Effect' vision for world-class, sustainable manufacturing.'Disclaimer: The material, content, and/or information contained within this Impact Feature are published strictly for advertorial purposes. T.V. Today Network Limited hereby disclaims any and all responsibility, representation, or endorsement with respect to the accuracy, reliability, or quality of the products and/or services featured or promoted herein. Viewers or consumers are strongly advised to conduct their own due diligence and make independent enquiries before relying on or making any decisions based on the information or claims presented in the impact feature. Any reliance placed on such content is strictly at the individual's own discretion and risk.- Ends advertisement
