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New Delhi: Indian exporters have welcomed the US decision to postpone the tariff hikes on imports from July 9 to August 1, as this will allow more time for talks to sort out the trade issues. Director General of the Federation of Indian Export Organisations (FIEO) Ajay Sahai said that this deferment of the imposition of reciprocal tariffs reflects the US's willingness to engage constructively with its trading partners. "It provides an extended window for dialogue, which can help our negotiator ...Read More >
New Delhi Delhi, Jul 8 (PTI) The US has extended the suspension of its April 2 reciprocal tariffs until August 1, a move which provides relief to Indian exporters and additional time for New Delhi and Washington to resolve pending issues to finalise an interim trade deal. India, which is negotiating a trade pact with the US, was not included in the list of countries that received tariff letters from the Trump administration on Monday. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result ...Read More >
New Delhi, July 7 (SocialNews.XYZ) United States' Treasury Secretary Scott Bessent on Sunday said that Washington is close to reaching agreements on several trade deals as "a lot of proposals" have poured in from various countries at the last minute. His comments hint at several big trade deal announcements by the Donald Trump administration just ahead of the July 9 tariff pause deadline. "So my mailbox was full last night with a lot of new offers, a lot of new proposals...It's going to be a b ...Read More >
New Delhi: With just 48 hours left for 90-day pause on US reciprocal tariffs to end, the much-anticipated bilateral trade agreement (BTA) between India and the US has reached a critical stage. According to two officials in the Indian commerce ministry and one in Washington, the agreement is unlikely to be finalized without direct political intervention to resolve some of the remaining sticky issues. "It's down to the wire. Unless there's political direction, the deal may not go through in time ...Read More >
PURI: Over two million devotees thronged Puri to witness the Suna Besha of the Trinity atop their respective chariots on Sunday. The process for Suna Besha ritual began at 4 pm. Under tight security, the Mekapa servitors retrieved three sets of ornaments from a temporary strong room relocated from the Bahar Ratna Bhandar, and handed those over to the dressers on the chariots, which were placed under a five-tier security cordon. The Trinity was adorned with a stunning array of ornaments, includ ...Read More >
New Delhi: CII president Rajiv Memani said India requires a 10 per cent average nominal GDP growth annually to achieve its Viksit Bharat vision by 2047. He highlighted that the interim trade pact with the US will remove uncertainty and provide access to a larger market for Indian firms. India's economy is projected to grow at 6.4-6. Nominal GDP is the total value of goods and services produced in a country, measured using current market prices, without adjusting for inflation, unlike real GDP. ...Read More >
New Delhi, Jul 6 (PTI) With India setting its red lines on key issues in sectors such as agriculture and dairy for the proposed interim trade agreement with the US, the ball is now in Washington's court to finalise the deal, sources said. They said if issues are settled, an interim trade pact could be announced before July 9, which marks the end of the 90-day suspension period of the Trump tariffs announced on April 2 on dozens of countries, including India. Also Read | PM Modi in Brazil for B ...Read More >
Srinagar, July 6 (SocialNews.XYZ) Commerce and Industry Minister Piyush Goyal on Sunday stressed that India's free trade agreements (FTAs) will never come at the cost of national interest. Speaking at the FTII Traders Conclave in Srinagar, Goyal said the government is committed to ensuring that all trade deals are reciprocal and protect the interests of Indian traders and manufacturers. "An FTA is signed so our local goods have duty-free access to other countries and to resolve barriers in acc ...Read More >
Buenos Aires: India and Argentina on Saturday agreed to diversify two-way trade and ramp up cooperation in defence, critical minerals, pharmaceutical, energy and mining sectors, with Prime Minister Narendra Modi emphasising on taking the ties between the two natural partners to "greater heights". Prime Minister Modi held wide-ranging talks with Argentine President Javier Milei, a day after landing at the South American nation in the third leg of his five-nation tour. Though Modi visited Argenti ...Read More >
India prioritizes mutual benefits and national interests over deadlines in trade agreements, according to Minister Piyush Goyal. He emphasized fairness and a win-win approach, especially with the US, amidst looming reciprocal tariffs. While negotiations continue with the US, EU, and other nations, India remains firm on securing favorable terms before finalizing any deals.Days ahead of the US' July 9 deadline for reciprocal tariffs, commerce and industry minister Piyush Goyal on Friday said India ...Read More >
New Delhi [India], July 5 (ANI): Union Minister Piyush Goyal hit back at Congress leader Rahul Gandhi's remarks on India's trade negotiations with the United States and stated that nobody took the Congress leader seriously anymore because of the negativity he and his colleagues spread. 'Nobody takes Rahul Gandhi seriously anymore because of the negativity he, his colleagues, and his party consistently spread. They have lost the confidence of the people of India, who have time and again rejected ...Read More >
New Delhi [India], July 5 (ANI): Union Minister Piyush Goyal hit back at Congress leader Rahul Gandhi's remarks on India's trade negotiations with the United States and stated that nobody took the Congress leader seriously anymore because of the negativity he and his colleagues spread. 'Nobody takes Rahul Gandhi seriously anymore because of the negativity he, his colleagues, and his party consistently spread. They have lost the confidence of the people of India, who have time and again rejected ...Read More >
Jalandhar: While Aam Aadmi Party (AAP) national convener Arvind Kejriwal recently alleged a secretive understanding between the Congress and the BJP in Gujarat -- calling it a "hidden romance" -- the Congress in Punjab has been bracketing AAP with RSS-BJP for over two years or accusing the Punjab chief minister of following the Centre's line on different issues.Even as the parties held a seat-sharing arrangement in Delhi, Haryana, and Gujarat, Punjab Congress leaders usually called AAP the 'B te ...Read More >
NEW DELHI: India will enter into a trade agreement with the US only if its interests are protected and it is able to sustain a tariff advantage over its competitors, while prioritising the interests of farmers, commerce and industry minister Piyush Goyal said Friday."India has never discussed any trade agreement or even a tranche under any time pressure or under any duress. We have to take care of our national interest, we have to ensure it's a fair deal which gives us a sustained preferential a ...Read More >
New Delhi [India], July 4 (ANI): Commerce and Industry Minister Piyush Goyal on Friday emphasised that India will only enter into trade agreements, including the proposed US Bilateral Trade Agreement (BTA), when they serve the country's national interests and offer mutual benefits. Speaking on the sidelines of the 16th Toy Biz B2B expo in New Delhi, Goyal made it clear that India's approach to international trade negotiations remains firm and principled. 'It should be a win-win agreement, and ...Read More >
NEW DELHI: India will enter into a trade agreement with the US only if its interests are protected and it is able to sustain a tariff advantage over its competitors, while prioritising the interests of farmers, commerce and industry minister Piyush Goyal said Friday."India has never discussed any trade agreement or even a tranche of a trade agreement under any time pressure or under any duress. We have to take care of our national interests, we have to ensure that it's a fair deal which gives us ...Read More >
New Delhi: India does not enter into any trade agreement based on deadlines and will accept the proposed trade deal with the US only when it is fully finalised, properly concluded, and in the national interest, Commerce Minister Piyush Goyal said on Friday. He also said that India is negotiating free trade agreements (FTAs) with different countries, including the European Union, New Zealand, Oman, the US, Chile, and Peru. FTAs are possible only when both sides get benefitted and it should be a ...Read More >
Mumbai, Jul 4 (PTI) The rupee appreciated 15 paise to close at 85.40 against the US dollar on Friday, tracking a decline in the American currency in the overseas market and a weak tone in crude oil prices. Forex traders said Asian currencies, including the rupee, gained ground on renewed hopes of trade deals with the US. US President Donald Trump announced a trade agreement with Vietnam, and that injected a dose of optimism that perhaps more such agreements could be in the pipeline before the ...Read More >
New Delhi [India], July 4 (ANI): Keeping the intraday gains intact, Indian stock indices settled in the green on Friday, despite continued foreign portfolio investor (FPI) outflows. This marks the first jump in the domestic indices after multiple sessions of losses. The Sensex closed at 83,432.89 points, up 193.42 points or 0.23 per cent. The Nifty closed at 25,461.00 points, up 55.70 points or 0.22 per cent. Sensex and Nifty on a cumulative basis declined 0.4-0.7 per cent during this week. A ...Read More >
New Delhi, July 4 (SocialNews.XYZ) India's high-level official delegation, led by chief negotiator Rajesh Agrawal, has returned from Washington after the trade talks with US officials without reaching a final agreement on the sensitive issue of trade in agricultural and dairy products that the US is pushing for. However, there is still a glimmer of hope that an interim bilateral trade agreement may be reached at the highest political level in the two countries before the July 9 deadline for the ...Read More >
New Delhi: India's high-level official delegation, led by chief negotiator Rajesh Agrawal, has returned from Washington after the trade talks with US officials without reaching a final agreement on the sensitive issue of trade in agricultural and dairy products that the US is pushing for. However, there is still a glimmer of hope that an interim bilateral trade agreement may be reached at the highest political level in the two countries before the July 9 deadline for the 26 per cent hike in US ...Read More >
New Delhi [India], July 4 (ANI): Keeping the intraday gains intact, Indian stock indices settled in the green on Friday, despite continued foreign portfolio investor (FPI) outflows. This marks the first jump in the domestic indices after multiple sessions of losses. The Sensex closed at 83,432.89 points, up 193.42 points or 0.23 per cent. The Nifty closed at 25,461.00 points, up 55.70 points or 0.22 per cent. Sensex and Nifty on a cumulative basis declined 0.4-0.7 per cent during this week. A ...Read More >
New Delhi: India on Friday proposed retaliatory tariffs against the US under the World Trade Organisation (WTO) norms over American tariffs on automobile sector in the name of safeguard measures. "The safeguard measures would affect $2.895 billion imports annually into the US of the relevant products originating in India, on which the duty collection would be $723.75 million," India told the WTO. The proposed suspension of concessions or other obligations would take the form of an increase in ...Read More >
New Delhi: The Indian team, led by chief negotiator Rajesh Agrawal, has returned from Washington after concluding another round of talks on an interim trade pact, but discussions will continue as certain issues in the agri and auto sectors still need to be resolved, an official said. The official said that the talks are in the last phase and its conclusion is expected to be announced before July 9. "Indian team is back from Washington. Negotiations will continue. There are certain issues which ...Read More >
New Delhi, Jul 4 (PTI) An Indian team has returned from Washington after holding talks with the US on an interim trade pact, which is likely to be finalised before July 9, but discussions will continue as certain issues in the agri and auto sectors still need to be resolved, an official said. The Indian team is led by chief negotiator Rajesh Agrawal. He is special secretary in the department of commerce. The official said that the talks are in the last phase and its conclusion is expected to b ...Read More >
New Delhi, July 4 (SocialNews.XYZ) President Donald Trump has announced that the US administration will start sending letters informing trading partners of their tariff rates as soon as Friday, even as negotiations with various countries including India to avoid higher US levies have stretched into the last lap. Trump told journalists late on Thursday that about "10 to 12 countries will get letters on Friday with additional letters coming "over the next few days." He said that the tariffs will ...Read More >
New Delhi: The trade negotiations between India and the United States are reportedly nearing an important deal, with both countries working towards finalising an interim trade agreement before July 8. According to government sources, the deal is likely to exempt the agriculture sector from tariffs, an important demand of the Indian government. The new trade deal with the US will come as a relief to Indian farmers and the agricultural industry, a topic of discussion which had been a sensitive iss ...Read More >
New Delhi: India is well-positioned to benefit from a global realignment in trade and investment flows driven by shifting tariff regimes, and could outpace several Asia-Pacific (APAC) peers, Moody's Ratings said on Thursday. As multinationals reassess supply chains amid rising protectionism and evolving trade policies, India's relative tariff advantage may strengthen its appeal as an emerging global manufacturing hub, Moody's noted in its latest Sovereigns - Asia-Pacific Outlook. "India may be ...Read More >
Mumbai (Maharashtra) [India], July 3 (ANI): India stock benchmarks extended declines on Thursday, weighed down by continued profit booking, following last week's sharp rally. At the end of the trading session, Nifty was down 48.10 points or 0.19 per cent at 25,405.30 and the BSE's Sensex was down by 170.22 points or 0.20 per cent, reaching 83,239.47. Also Read | The Nutritional Impact of Refined Cooking Oil Is Significant. "The domestic equity market continued to consolidate as profit booking ...Read More >
New Delhi [India], July 3 (ANI): A new trade agreement between the United States and Vietnam is raising concerns and offering key lessons for India, especially for Indian exporters who see Vietnam as both a competitor and a partner in regional value chains, according to a report by the Global Trade Research Initiative (GTRI). The report highlighted that despite a historic trade agreement signed in 2000 that allowed Vietnamese goods to enter the US at concessional tariffs of 2 to 10 per cent, th ...Read More >
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