India mulls trade pact with US in “strategic shift”

13 Sept 11:12 Key points summarised by AI

India is actively exploring trade agreements with the United States and the European Union, signaling a significant "strategic shift" in its international trade policy.
This new direction follows India's decision to withdraw from the Regional Comprehensive Economic Partnership (RCEP), aiming to access large, developed markets where Indian industries and services can be competitive.
The move to exit RCEP was largely driven by concerns that the pact would expose domestic industries, especially agriculture and textiles, to an influx of cheap goods, particularly from China.
Indian farmers and businesses widely praised Prime Minister Modi's decision to opt out of RCEP, viewing it as a crucial step to protect livelihoods and prevent market disequilibrium.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.