Jaipur/Bhopal, March 21 (IANS) In a significant push to strengthen inter-state economic ties, Madhya Pradesh Chief Minister Mohan Yadav addressed Rajasthan’s investors in Jaipur on Saturday, declaring the two states as “natural partners” and “twin brothers” poised to transform Central India into an industrial powerhouse. Highlighting shared heritage, cultural bonds such as the traditional ‘Roti-Beti’ relationship, and a new water-sharing alliance through the ambitious “Parvati-Kalisindh-Chamba…
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New Delhi, Feb 12 (IANS) Several parliamentarians on Thursday welcomed US Ambassador to India Sergio Gor and congratulated him on the recently announced India-US interim trade agreement, describing it as a significant step in strengthening bilateral ties.Member of Parliament and former Foreign Secretary Harsh V. Shringla shared photographs of the interaction on X, showing the envoy being received at an event decorated with Indian and American flags. The gathering featured discussions on the cont…
New Delhi, Feb 7 (IANS) India and the US have reached a framework for an interim agreement regarding reciprocal and mutually beneficial trade, which will include additional market access commitments and support more resilient supply chains.As part of the pact, the US will also tariffs on certain aircraft and aircraft parts of India imposed to eliminate threats to national security found in Proclamation 9704 of March 8, 2018.Similarly, consistent with US national security requirements, India will…
New Delhi, Feb 7 (IANS) The trade agreement will help India and the US remain focussed on working together to further deepen economic cooperation, reflecting shared commitment to sustainable growth for our people and businesses, Commerce and Industry Minister Piyush Goyal said on Saturday.India has reached a framework for an Interim Agreement with the US.“This will open a $30 trillion market for Indian exporters, especially MSMEs, farmers and fishermen. The increase in exports will create lakh…
New Delhi, Feb 7 (IANS) As the United States and India finalised an interim trade agreement that reduces US tariffs on Indian goods to 18 per cent, Prime Minister Narendra Modi on Saturday hailed the development, calling it ‘great news’ for both nations. Taking to social media platform X, PM Modi said, “Great news for India and USA! We have agreed on a framework for an Interim Trade Agreement between our two great nations. I thank President Trump for his personal commitment to robust ties betw…
Washington, Feb 7 (IANS) India gained tariff relief, better market access, and a stronger competitive position in the United States under a new interim trade framework announced by Washington and New Delhi.The two countries said they have reached a framework for an Interim Agreement on “reciprocal and mutually beneficial trade.” The move keeps talks on track for a full US-India Bilateral Trade Agreement, launched by President Donald Trump and Prime Minister Narendra Modi last February.Both s…
New Delhi, Feb 3 (IANS) The reduction of US tariffs on India effectively takes India’s rate below most ASEAN peers and puts it at an advantageous position compared to China, a report showed on Tuesday.US President Donald Trump announced that the US and India had agreed on a trade deal, under which reciprocal tariffs on India will be lowered to 18 per cent from 25 per cent earlier.There was no explicit mention of how the additional punitive tariff of 25 per cent (due to Russian oil purchases) w…
New Delhi, Jan 28 (IANS) The India-EU FTA benefits could eventually go beyond goods trade, including larger FDI flows, more services trade and strategic diversification, HSBC Global Investment Research said on Wednesday.The FTA is described as the “mother of all deals” – which is balanced, yet ambitious and mutually beneficial for both parties. In FY25, India-EU goods trade was almost $140 billion.Details show that the India-EU trade is built on complementary value chains. The EU sells capital…