New Delhi, Feb 2 (IANS) In a significant development, Prime Minister Narendra Modi on Monday said that ‘Made in India’ products will now have a reduced tariff of 18 per cent, as US President Donald Trump said India and the United States had reached a trade deal.PM Modi posted on X that it was “wonderful to speak with my dear friend President Trump today”.“Delighted that ‘Made in India’ products will now have a reduced tariff of 18 per cent. Big thanks to President Trump on behalf o…
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Washington, Feb 2, (IANS) President Donald Trump on Monday said that India and the United States had reached a trade deal, outlining key elements after a phone conversation with Prime Minister Narendra Modi, whom he described as “one of my greatest friends.”In a detailed post on Truth Social, Trump said the agreement would immediately reduce the US reciprocal tariff on Indian goods from 25 per cent to 18 per cent, calling it a major shift in bilateral trade ties linked to energy cooperation …
New Delhi, Jan 9 (IANS) The government on Friday said that it is aware of the US bill that proposes to raise tariffs on countries buying energy products, including oil, from Russia to at least 500 per cent, adding that it is dealing with the issue with “great care”.Emphasising that ensuring stable energy prices and secured supplies have been the twin goals of the country’s energy policy, Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said during a weekly briefing that the coun…
New Delhi, Dec 25 (IANS) Strengthening business linkages and sustained investment flows between India and Nepal are expected to drive bilateral trade into a new growth phase, with volumes likely to double by 2030, according to an article in Nepalese media. Bilateral trade remains the most visible and measurable pillar of India–Nepal economic relations, reflecting both geographic proximity and deep-rooted interdependence.India accounts for over 64 per cent of Nepal’s total trade, underscoring i…