Skip to content
Search

Latest Stories

India becomes 3rd Asian nation to obtain STA-1 status from US

India has become the third Asian country after Japan and South Korea to obtain the Strategic Trade Authorization-1 (STA-1) status after the United States issued a federal notification on the matter.

With this status, India will receive high-technology products sales, particularly in civil and defense sector. It is also the 37th country in the globe to be designated the STA-1 status by the United States, although it is yet to become a member of the Nuclear Suppliers Group (NSG).


The federal notification issued on Friday (3) is gaining significance, as the Trump administration has made an exception for India.

Normally, the United States has listed only those countries in the STA-1 list who are the members of the four export control regimes such as Missile Technology Control Regime (MTCR), Wassenaar Arrangement (WA), Australia Group (AG) and the NSG.

In the federal notification issued yesterday (3), the US government stated that India is a member of three of the four multilateral export regimes.

Due to powerful objection from China, India’s membership application was pending before the Nuclear Suppliers Group (NSG) which reaches a judgment by accord.

The US, by placing India in the STA-1 list, has recognized that for all practical purposed India fits to the export control regimes of the NSG.

This exception for India was meant to sent a strong message to China and the whole world that even its closest ally, Israel, is yet to get a place in STA-1 list as it is not a member of these four multilateral export control regimes.

"This recognition facilitates and supports India's military modernisation efforts with the US as a reliable provider of advanced defense articles," the federal government notification said.

Previously, India was listed in STA-2 list along with countries such as, Albania, Hong Kong, Israel, Malta, Singapore, South Africa, and Taiwan.

More For You

UK–Africa business summit 2025

UK–Africa business summit 2025

UK–Africa business summit 2025 highlights trade, technology and resilient partnerships

Highlights:

  • Dr Sudhir Ruparelia emphasised Uganda’s growing real estate, agriculture and tourism sectors.
  • Lord Dolar Popat called for closer Commonwealth ties between Africa, the UK and India.
  • Uganda’s ministers outlined regional integration, investment climate and agricultural transformation.
  • Spiritual leader Sant Trilochan Darshan Das Ji urged ethical entrepreneurship rooted in integrity.

The 15th edition of the UK–Africa Business Summit took place on Friday, 12 September at The Royal Horseguards Hotel & One Whitehall Place, bringing together senior government leaders, entrepreneurs, investors and diaspora stakeholders to strengthen trade and investment ties between the UK and African nations.

Keep ReadingShow less
Modi & Trump

Donald Trump and Narendra Modi shake hands as they attend a joint press conference at the White House on February 13, 2025.

Reuters

India, US to discuss trade issues after tariff hike

INDIA and the United States will hold trade discussions in New Delhi on Tuesday, officials and Indian media reports said, as the two countries look to resolve a tariff dispute.

India currently faces high US tariffs on most of its exports and has not yet been able to reach a trade deal that would ease the pressure.

Keep ReadingShow less
Baiju Bhatt

At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. (Photo: Getty Images)

Baiju Bhatt named among youngest billionaires in US by Forbes

INDIAN-AMERICAN entrepreneur Baiju Bhatt, co-founder of the commission-free trading platform Robinhood, has been named among the 10 youngest billionaires in the United States in the 2025 Forbes 400 list.

At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. Forbes estimates his net worth at around USD 6–7 billion (£4.4–5.1 billion), primarily from his roughly 6 per cent ownership in Robinhood.

Keep ReadingShow less
UK business district
The Canary Wharf business district including global financial institutions in London. (Photo: Getty Images)
Getty Images

Economy shows no growth in July amid political turbulence

UK's ECONOMY showed no growth in July, according to official data released on Friday, adding to a difficult week for prime minister Keir Starmer’s government.

The Office for National Statistics (ONS) said gross domestic product was flat in July, following a 0.4 per cent rise in June.

Keep ReadingShow less
India’s IT sector

India’s $283 billion IT industry, which contributes more than 7 per cent to the country’s GDP, has for over three decades provided services to major clients including Apple, American Express, Cisco, Citigroup, FedEx and Home Depot.

iStock

India’s IT sector faces uncertainty as US proposes 25 per cent outsourcing tax

INDIA’s IT sector is facing uncertainty as US lawmakers consider a 25 per cent tax on companies using foreign outsourcing services.

Analysts and lawyers said the proposal has led to customers delaying or re-negotiating contracts, raising concerns in India, the world’s largest outsourcing hub.

Keep ReadingShow less