New Delhi, April 2 (IANS) India has received the ‘best’ US deal among competitors and the country is “sitting in a sweet spot” with the trade pact, Commerce and Industry Minister Piyush Goyal said on Thursday.Addressing the media on the 14th Ministerial Conference of the World Trade Organization (WTO), held recently in Cameroon, the minister said India should get “preferential market access” in the bilateral trade pact signed with the United States.Preferential market access is the excep…
Latest Commerce News & Updates
Patna, March 23 (IANS) The Bihar School Examination Board (BSEB), on Monday, announced the intermediate (Class 12) examination results for 2026, declaring outcomes across all three streams — Science, Commerce, and Arts. This year, the overall pass percentage stood at 85.19 per cent. Female students outperformed their male counterparts, with a pass percentage of 86.23 per cent, compared to 84.09 per cent for male students.Notably, girls dominated the merit list, securing top positions in both th…
Seoul, March 7 (IANS) SK On, a major South Korean battery manufacturer, has laid off nearly 1,000 workers at its US battery plant in Georgia amid slowing electric vehicle (EV) demand, a company filing showed on Saturday.SK Battery America, SK On’s US unit, dismissed 968 employees at its battery manufacturing facility in Commerce, Georgia, according to a Worker Adjustment and Retraining Notification (WARN) notice posted on a Georgia state website.The layoffs reportedly account for about 37 per ce…
New Delhi, Feb 26 (IANS) The first round of negotiations for the India–Israel Free Trade Agreement (FTA), held from 23 to 26 February in the national capital, concluded successfully on Thursday. During the four-day negotiations, both countries engaged in discussions covering a wide range of areas, including trade in goods and services, rules of origin, sanitary and phytosanitary measures, technical barriers to trade, customs procedures, intellectual property rights, digital trade, and other ke…
New Delhi, Feb 26 (IANS) Union Commerce and Industry Minister Piyush Goyal on Thursday said he held ‘very fruitful discussions’ with US Secretary of Commerce Howard Lutnick and US Ambassador to India Sergio Gor to expand trade and economic ties between the two countries.In a post on social media platform X, Goyal said he hosted the US Secretary of Commerce and the US Ambassador in India and engaged in meaningful talks aimed at strengthening bilateral trade and economic partnership.He highlig…
New Delhi, Feb 25 (IANS) Commerce and Industry Minister Piyush Goyal on Wednesday said that he has held talks on the India-Israel free trade agreement with a high-level Israeli delegation. “I had a productive interaction with the Israeli team, reflecting our shared commitment to deepening economic engagement. It is encouraging to see both sides working closely to unlock new opportunities in trade, innovation and growth, further strengthening our valued partnership,” Goyal said in a post on X.”As…
New Delhi, Feb 21 (IANS) After the US Supreme Court struck down reciprocal tariffs imposed by the Donald Trump administration, the White House has released a Fact Sheet, explaining that Trump has now invoked his authority under “Section 122 of the Trade Act of 1974”, which empowers the President to address certain “fundamental international payment problems” through surcharges and other special import restrictions.The Proclamation imposes, for a period of 150 days, a 10 per cent “ad va…
New Delhi, Feb 18 (IANS) Digital rights activist and tech policy commentator Nikhil Pahwa on Wednesday described the ongoing India AI Summit as a “transformational moment”, saying the event could significantly accelerate artificial intelligence adoption across governance, industry and academia in the country.In a series of posts on X, the founder of MediaNama said that even if such large summits face organisational or agenda-related shortcomings, the scale of government attention ensures AI beco…
Washington, Feb 7 (IANS) US President Donald Trump signed an executive order to reshape how the United States sells weapons abroad, aiming to rebuild domestic manufacturing, cut red tape and speed delivery of American-made arms to key partners and allies.The White House said the order establishes an “America First Arms Transfer Strategy” to ensure the US defence industrial base remains the “Arsenal of Freedom” for the United States and its partners.Under the order, US arms transfers must…
New Delhi, Jan 27 (IANS) Prime Minister Narendra Modi is set to host the 16th European Union-India Summit in the national capital on Tuesday with President of the European Commission, Ursula von der Leyen, and visiting President of the European Council, Antonio Costa, to announce the ‘mother of all trade deals’.According to Commerce Secretary Rajesh Agrawal, India and the EU have concluded negotiations on the much-awaited Free Trade Agreement (FTA) and the announcement of the conclusion of t…