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New Delhi: Union Commerce Secretary Rajesh Agrawal said on Monday that India is "very close" to concluding an interim trade deal with the US to bring down tariffs but stopped short of fixing any timeline on the issue. "We are very close on closing the initial framework deal, but I don't want to put a timeline to it," the Commerce Secretary told journalists here. "We have done six rounds of talks with the US, where we have discussed both the BTA (bilateral trade agreement) as well as an interim ...Read More >
Mumbai, Dec 15 (PTI) The rupee on Monday crashed to its lowest-ever level of 90.80 before settling at a new all-time low of 90.78 against the US dollar, registering a loss of 29 paise over its previous close, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows. Forex traders said prevailing risk-averse market sentiment, compounded by strong US dollar demand from importers, further dented investor sentiment. At the interbank foreign exchange, the rupee o ...Read More >
New Delhi, Dec 15 (SocialNews.XYZ) As Prime Minister Narendra Modi embarked on a three-nation visit to Jordan, Ethiopia and Oman on Monday, bolstering economic and trade ties is among the key agenda items of his visit. PM Modi's visit is expected to open far-reaching opportunities to enhance the country's economic footprint across West Asia and Africa. Last week, the Union Cabinet, chaired by the Prime Minister, approved the proposed Free Trade Agreement (FTA) between India and Oman, aimed at ...Read More >
NEW DELHI (AP) -- Russian President Vladimir Putin held talks with Indian Prime Minister Narendra Modi on Friday at an annual summit and agreed to diversify mutual economic ties, as the United States presses India to revise its decades-old partnership with Russia. The 23rd Russia-India Summit comes at a pivotal moment as the U.S. pushes for a Ukraine peace deal while seeking global cooperation. It will test New Delhi's efforts to balance relations with Moscow and Washington as the nearly four-y ...Read More >
NEW DELHI (AP) -- Russian President Vladimir Putin held talks with Indian Prime Minister Narendra Modi on Friday at an annual summit and agreed to diversify mutual economic ties, as the United States presses India to revise its decades-old partnership with Russia. The 23rd Russia-India Summit comes at a pivotal moment as the U.S. pushes for a Ukraine peace deal while seeking global cooperation. It will test New Delhi's efforts to balance relations with Moscow and Washington as the nearly four-y ...Read More >
Mumbai, Nov 19 (PTI) The rupee closed 2 paise higher at 88.58 (provisional) against the US dollar on Wednesday, aided by buying momentum in domestic equity markets and lower crude oil prices overseas. Forex traders said a strong American currency and outflow of foreign capital prevented a sharp gain in the rupee even as investors were concerned about the progress on the proposed India-US trade deal. At the interbank foreign exchange market, the rupee opened at 88.57 and hit an intra-day high o ...Read More >
New Delhi, Nov 17 (SocialNews.XYZ) India and the US are "nearing closure" of their talks for signing the first tranche of the proposed Bilateral Trade Agreement (BTA), Commerce Secretary Rajesh Agrawal indicated on Monday. Agrawal told journalists that the two countries have been holding regular virtual rounds of talks on the BTA. Although no formal deadlines can be set on the issue, the first stage of the trade talks is progressing swiftly, he added. US President Donald Trump sent positive si ...Read More >
Visakhapatnam, Nov 14 (PTI) World Trade Organization Chief Ngozi Okonjo-Iweala on Friday said India should take the leadership role in reform process at the WTO amid growing uncertainties at global trade front. She said that India's economy is growing at a healthy pace and it is a leader in areas such as technology. She said that there is a need to look at areas in the WTO which are not working and discuss ways to correct that. "'...and here India can be a leader, India should be a leader in ...Read More >
New Delhi, Nov 7 (SocialNews.XYZ) India and the European Union (EU) had a week-long discussion as part of the ongoing effort for a comprehensive and balanced trade agreement, the Ministry of Commerce and Industry said on Friday. A team of negotiators from the EU visited India to have a comprehensive discussion on the proposed free-trade agreement (FTA). "A senior team of negotiators from the European Union (EU) visited New Delhi from November 3 to 7, 2025, for negotiations with Indian counterp ...Read More >
New Delhi [India], November 7 (ANI): India and the European Union (EU) made significant progress in the ongoing Free Trade Agreement (FTA) negotiations during a week-long round of discussions held in the national capital, according to an official release on Friday. According to a release issued by the Ministry of Commerce and Industry, the negotiations took place from November 3 to November 7, with a senior EU negotiating team visiting India to engage with their Indian counterparts in advancing ...Read More >
New Delhi, Nov 7 (SocialNews.XYZ) India and the European Union (EU) had a week-long discussion as part of the ongoing effort for a comprehensive and balanced trade agreement, the Ministry of Commerce and Industry said on Friday. A team of negotiators from the EU visited India to have a comprehensive discussion on the proposed free-trade agreement (FTA). "A senior team of negotiators from the European Union (EU) visited New Delhi from November 3 to 7, 2025, for negotiations with Indian counterp ...Read More >
India and the European Union are advancing free trade agreement negotiations. Key tariff issues are seeing good progress. An EU delegation will visit New Delhi soon to finalize technical tariff discussions. Both sides aim for a robust and balanced agreement. This pact is expected to bring the economies closer and foster mutual benefits. Commerce and industry minister Piyush Goyal Tuesday said his talks with the EU have "significantly reduced our outstanding issues" and laid the foundation for a ...Read More >
New Delhi [India], October 27 (ANI): Union Minister of Commerce and Industry, Piyush Goyal, will visit Brussels, Belgium, on 27-28 October 2025, to hold high-level discussions with Maros Sefcovic, Executive Vice-President and European Commissioner for Trade of the European Union, the Union Ministry of Commerce and Industry informed. The visit comes at a crucial stage in the ongoing India-EU Free Trade Agreement (FTA) negotiations, as both sides intensify efforts to conclude a comprehensive, bal ...Read More >
NEW DELHI, Oct 26: Commerce Minister Piyush Goyal will visit Brussels on October 27-28 to advance India-EU Free Trade Agreement (FTA) negotiations, meeting EU Trade Commissioner Maros Sefcovic. The visit aims to provide political impetus and strategic guidance as both sides work to conclude a comprehensive trade pact by December. Talks will focus on market access, non-tariff measures, regulatory cooperation, and areas needing convergence. This follows the 14th round of negotiations and prior d ...Read More >
New Delhi [India], October 27 (ANI): Union Minister of Commerce and Industry, Piyush Goyal, will visit Brussels, Belgium, on 27-28 October 2025, to hold high-level discussions with Maros Sefcovic, Executive Vice-President and European Commissioner for Trade of the European Union, the Union Ministry of Commerce and Industry informed. The visit comes at a crucial stage in the ongoing India-EU Free Trade Agreement (FTA) negotiations, as both sides intensify efforts to conclude a comprehensive, bal ...Read More >
India and the EU will discuss key areas of the proposed free trade agreement (FTA) including market access, non-tariff measures and regulatory cooperation, during commerce and industry minister Piyush Goyal's visit to Brussels on October 27-28. Goyal will hold high-level discussions with Maroš Šefčovič, Executive Vice-President and European Commissioner for Trade of the EU. "The visit will also serve to review progress achieved so far and to identify areas requiring further convergence," the ...Read More >
New Delhi [India], October 26 (ANI): Union Minister of Commerce and Industry, Piyush Goyal, will visit Brussels, Belgium, on October 27-28 to hold high-level discussions with Maros Sefcovic, Executive Vice-President and European Commissioner for Trade of the European Union. The Minister's visit comes at a crucial stage in the ongoing India-EU Free Trade Agreement (FTA) negotiations, as both sides intensify efforts to conclude a comprehensive, balanced, and mutually beneficial trade agreement at ...Read More >
NEW DELHI: As trade pact negotiations gain traction, India is pressing for a fair deal and clearer signals from Washington on sanctions related to Russian oil. In a key meeting India's Ambassador to the US, Vinay Mohan Kwatra, met US Deputy Secretary of Energy James Danly to review the India-US energy security partnership and recent trends in bilateral energy trade. Sources said the talks also touched on how impending US sanctions could affect global oil flows, even as supplies remain stable. " ...Read More >
In return, India may reduce imports of Russian oil and open its market to non-genetically modified American corn and soymeal products. The U.S. and India are close to a possible trade deal that would reduce tariffs on Indian exports to about 15% to 16% from the current 50%, according to the Mint. In return, India may reduce imports of Russian oil and open its market to non-genetically modified American corn and soymeal products. The bilateral trade agreement could be announced when President D ...Read More >
Gold Price Today: The price of 24-carat gold fell ₹10 in early trade on Saturday, with ten grams of the precious metal trading at ₹1,24,360, according to the GoodReturns website. The price of silver stumbled ₹100, with one kilogram of the precious metal selling at ₹1,54,900. The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,13,990. The price of ten grams of 24-carat gold stood at ₹1,24,360 in Mumbai, Kolkata, and Chennai. In Delhi, the ...Read More >
'As far as the contentious issues such as agriculture are concerned, we are finding some common ground.' Photograph: Dado Ruvic/Illustration/File Photo/Reuters India and the United States are "very close" to a trade deal, with both sides beginning to work on the proposed agreement's legalese. After the conclusion of the previous round of talks in Washington last week, both sides are seeing convergence on most issues, a senior government official said, signalling that the long-pending deal cou ...Read More >
NEW DELHI: Indian Prime Minister Narendra Modi may be a no-show at the Oct 26-28 Asean summit, but progress in the review of the Asean-India Trade in Goods Agreement could lead to a much-needed boost in trade after negotiations hit a rough patch earlier in 2025. External Affairs Minister S. Jaishankar will represent India at the East Asia Summit in Kuala Lumpur, while Modi is on the campaign trail in Bihar state ahead of elections. But the Prime Minister, underlining the importance attached to ...Read More >
India-US Trade Deal: Commerce and Industry Minister Piyush Goyal, in a strong message to US, said on Friday India does not do trade agreements in hurry or with a "gun to our head". He said India is actively negotiating trade pacts with countries and regions, including the European Union (EU) and the US. Notably, India and the US have been negotiating a trade deal, amid US President Donald Trump's continues warnings and tariff wars. He imposed 50 per cent tariff on India for buying Russian oil. ...Read More >
Founder of trade think tank Global Trade Research Initiative, Ajay Srivastava (Image: ANI)Amid a global economic slowdown, India must shift its export strategy towards long-term competitiveness, advises GTRI's Ajay Srivastava. As the global economy slows and trade dynamics shift, India must shift focus from traditional export strategies to building long-term competitiveness through technology, cost efficiency, and domestic capability, says Global Trade Research Initiative (GTRI) founder Ajay Sr ...Read More >
New Delhi [India], October 23 (ANI): Indian stock indices surrendered most of their gains from Thursday as the session progressed, mainly due to US sanctions on key Russian crude majors and indications that the US deal may not be finalised soon, analysts said. Profit booking by investors also likely weighed on the stock indices. "The US sanctions on Russian oil majors also raised concerns that India may have to curtail purchases of discounted Russian crude and turn to costlier alternatives, pot ...Read More >
New Delhi [India], October 23 (ANI): India has invited Canadian Prime Minister Mark Carney to New Delhi for talks with Prime Minister Modi early next year, a move that could pave the way for a comprehensive economic and free-trade partnership, The Globe and Mail Canada reported. Dinesh Kumar Patnaik, India's new High Commissioner to Canada, told The Globe and Mail that both countries are making a "sincere effort" to repair strained diplomatic relations and focus on trade and investment amid ong ...Read More >
New Delhi: India and the United States are reportedly on the verge of finalising a long-awaited trade deal that promises to reshape their economic ties. As per a Mint report, the agreement could slash US tariffs on Indian goods from the current 50 per cent to around 15-16 per cent, offering a major boost to Indian exporters. The proposed pact primarily focuses on the energy and agriculture sectors, with discussions also centred on India's gradual reduction of crude oil imports from Russia -- a ...Read More >
India and the US are nearing a trade agreement. Tariffs on Indian exports could drop from 50% to 15-16%. This deal may involve India gradually reducing Russian oil imports. In return, the US is expected to offer concessions on energy trade. Both nations are also discussing increased imports of American corn and soymeal into India. India and the US are in extensive and advanced stage of talks on a trade deal that could see tariffs on Indian exports drop to 15% to 16% from the current 50%, mint r ...Read More >
OTTAWA -- India's new envoy to Canada says Ottawa should pivot away from pursuing a scaled-down trade deal and instead reach for a comprehensive trade and investment agreement with the world's most populous country. In a wide-ranging interview with The Canadian Press, Indian High Commissioner Dinesh Patnaik also said Canadian businesses should expand trade and investment ties with India now, without waiting for governments to sign a formal trade agreement. "We are more interested in a comprehe ...Read More >
'Commerce and industry minister Piyush Goyal Saturday said talks between India and the US on the proposed bilateral trade agreement (BTA) are progressing in a "cordial atmosphere " and New Delhi will protect the interests of domestic farmers, fishermen and MSME sectors. 'Commerce and industry minister Piyush Goyal Saturday said talks between India and the US on the proposed bilateral trade agreement (BTA) are progressing in a "cordial atmosphere " and New Delhi will protect the interests of dom ...Read More >
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