Mumbai, Feb 10 (IANS) The India-US trade deal is very good and the biggest advantage it brings to the diamond industry is that under Section 3, diamonds and gemstones will now be moved to a zero per cent tariff, which is a major step forward, Avinash Gupta, Vice Chairman of All India Gem and Jewellery Domestic Council (GJC), has said.Speaking to IANS, Gupta said the deal will greatly help India’s cutting and polishing industry to survive, as earlier, 9 out of 10 diamonds were cut in India, and…
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New Delhi, Feb 9 (IANS) The Ministry of Steel on Monday signed Memoranda of Understanding (MoUs) with 55 companies for 85 projects, involving an investment of Rs 11,887 crore. These projects are expected to add 8.7 million tonnes of speciality steel capacity by 2030-2031, significantly expanding India’s capabilities in high-end steel segments such as electrical steel, alloy and stainless steels, coated products, and grades required for strategic sectors.The MOUs were signed at Vigyan Bh…
New Delhi, Feb 9 (IANS) In the backdrop of the interim India-US trade agreement framework, India must prioritise trade openness and reforms to unlock long-term competitiveness, a new report showed on Monday.These priorities are correcting inverted duty structures, streamlining logistics and customs to cut input costs, fostering assembly-based manufacturing for scale and employment and reducing protectionism, expanding FTAs, boosting R&D, and easing land/labour/skills constraints, according t…
New Delhi, Feb 8 (IANS) The Confederation of All India Traders (CAIT) said on Sunday that the Micro, Small, and Medium Enterprises (MSME) sector of India sees greater opportunities of business in the American market with the finalisation of the first tranche of the India-US trade deal. “This trade deal reached under the visionary and decisive leadership of Prime Minister Narendra Modi marks a major milestone in India’s journey towards becoming a global economic powerhouse comes as a boon for the…
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 have finalised an interim trade agreement that cuts US tariffs on Indian goods to 18 per cent, External Affairs Minister S Jaishankar on Saturday said the framework for an Interim Agreement will realise a mutually beneficial India-US trade partnership. Taking to social media platform X, EAM Jaishankar said, “The framework for an Interim Agreement will realise a mutually beneficial India-US trade partnership.”He added that the framework wil…
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…
New Delhi, Feb 6 (IANS) Poland’s Deputy Foreign Minister Władysław Bartoszewski on Friday took note of India’s stellar economic growth, rising global stature and also shared insights on European nation’s inclination to deepen ties with India across multiple sectors, two of which remain high on its agenda – defence co-operation and green technology.In an interview with IANS, Bartoszewski spoke about India–Poland relations, trade and investment opportunities, global geopolitical challe…
New Delhi, Feb 5 (IANS) It was apparent that Prime Minister Narendra Modi came to Parliament on Thursday, prepared for an Opposition onslaught, and if the Congress thought of blocking him from participating in the Motion of Thanks on the President’s address like it did in the Lower House on Wednesday, it failed in the Rajya Sabha. “I thank my friends in the Congress who have provoked me earlier. I’ve been blocked from speaking five-six times in the last 10 years. They know, I don’t stop when I s…
New Delhi, Feb 5 (IANS) Prime Minister Narendra Modi in his reply to the Motion of Thanks on the President’s address in the Rajya Sabha on Thursday, defended his government’s banking and public sector reforms while launching a scathing attack on the Opposition, particularly the Congress and Trinamool Congress, amid the ongoing Budget Session disruptions. Highlighting achievements in the banking sector, Prime Minister Modi said that non-performing assets (NPAs) have been reduced to below one per …