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…
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Washington, Feb 7 (IANS) US President Donald Trump’s trade dealmaking is opening India’s vast market to American products by lowering tariffs on US industrial and agricultural goods, US Trade Representative Jamieson Greer said.Greer spoke on Friday after the White House issued a joint statement announcing a framework for an Interim Agreement between the United States and India on reciprocal and mutually beneficial trade.“President Trump’s dealmaking is unlocking one of the largest econom…
Washington, Feb 7 (IANS) The United States and India announced a framework for an Interim Agreement on reciprocal, mutually beneficial trade, a step aimed at advancing talks toward a broader bilateral trade pact, as the White House formally announced to reduce the tariff on imports of Indian products from 25 per cent to 18 per cent.According to a joint statement, the framework reaffirms both sides’ commitment to negotiations on a US-India Bilateral Trade Agreement. Those talks were launched by P…
New Delhi, Feb 5 (IANS) Union Agriculture and Farmers’ Welfare Minister Shivraj Singh Chouhan on Thursday asserted that the India–US trade agreement fully safeguards the interests of Indian growers, rejecting Opposition claims that the agriculture sector has been compromised. Describing the deal as a balanced outcome rooted in diplomacy, development and national dignity, Chouhan said tariff rationalisation would expand export opportunities for Indian produce while keeping domestic markets prot…
New Delhi, Feb 5 (IANS) The Reserve Bank of India (RBI) is likely to maintain status quo in the upcoming policy decision on Friday, as despite policy rate easing, government bond yields have exhibited persistent hardening in recent periods, among other reasons.According to economists, the choice of eligible securities itself may influence the effectiveness of OMO operations, even when the aggregate quantum of liquidity injection is unchanged.“We believe that the choice of eligible securities i…
Washington, Feb 4 (IANS) Describing India as central to President Donald Trump’s trade strategy, U.S. Senator Roger Marshall said the latest deal with New Delhi will double American agriculture and oil exports, and at the same time serve America’s national security by reducing India’s reliance on Russian energy. Marshall, a Republican from Kansas, made the remarks during an appearance on The Evening Edit on Fox Business, where he outlined what he described as the economic and strategic gai…
New Delhi, Feb 3 (IANS) India’s trade deal with the United States will not compromise the country’s agriculture and dairy sectors, Commerce and Industry Minister Piyush Goyal asserted on Tuesday following widespread criticism by the opposition. Implying that opposition parties have found the taste bitter even before the pudding has been brought out, the minister also pointed out that though formalities have been completed, the trade deal has not yet been inked.Washington does gain market acc…
Lucknow, Feb 3 (IANS) Bahujan Samaj Party (BSP) President Mayawati on Tuesday adopted a cautious approach on the India-US trade deal, saying that drawing conclusions at this stage would be premature.Mayawati said a meaningful assessment of the move would be possible only after its actual impact is seen on the ground, particularly on economically vulnerable sections of society.The BSP supremo, in a post on X, said that the trade agreements between India and the US involved several conditions and …
New Delhi, Feb 3 (IANS) Senior government officials on Tuesday welcomed the India-US trade deal, saying it has reduced uncertainty in the global economic environment and brought relief to Indian industry.Speaking at FICCI’s conference on Union Budget 2026–27, Secretary of the Department of Economic Affairs Anuradha Thakur said a ‘great deal of uncertainty’ was removed after the trade agreement was announced between India and the United States.“Despite growing geopolitical challenges ac…
New Delhi, Feb 3 (IANS) The India-US trade agreement is the most important deal for the country and will generate more jobs and also add to foreign exchange, said Ashishkumar Chauhan, NSE MD and CEO, on Tuesday.Speaking to IANS, Chauhan stated that the trade deal between the US and India was expected for a long time, and now will be implemented immediately, unlike the European deal, which is expected to roll out after six months.“India is the only country that has manpower, high-tech appreciat…