India and the EU will grant each other ‘Most Favoured Nation’ status for five years once their FTA takes effect, following high-level talks in New Delhi between PM Modi and top EU leaders a month earlier.

What is Most Favoured Nation? India, European Union agree on MFN status for 5 years

New Delhi on Friday withdrew the Most Favoured Nation (MFN) status accorded to Pakistan following Pulwama attack on CRPF personnel in which at least 40 lost their lives.

India withdraws 'Most Favoured Nation' status accorded to Pakistan after Pulwama attack

Union Finance Minister Arun Jaitley on Friday said 'Most Favoured Nation' status accorded to Pakistan has been withdrawn after at least 40 CRPF personnel were killed in Pulwama when the Jaish-e-Mohammed terrorist rammed an explosives-laden vehicle into the bus they were travelling in.