Ministry of Commerce and Industry has denounced media claims that suggested a hold-off in bilateral trade talks between India and the United States, reiterating that the two sides remain engaged for a “mutually beneficial” trade agreement. “We have noted a media report regarding ongoing trade talks with the US. It is denied that there is…
Prime Minister Narendra Modi is on a two-day visit to Israel. Today is day 2 of his visit as the second prime minister. Modi was last in Israel in 2017, before his counterpart, Benjamin Netanyahu, reciprocated with a visit to India in 2018. On his first day, Modi received a rousing welcome from Israeli lawmakers…
Indian solar to USA: US President Donald Trump has decided to impose initial duties of 126 percent on solar imports from India. This step may jeopardize the ongoing trade agreement between India and America. The US Commerce Department imposed this duty because it felt that India unfairly subsidized its domestic solar panel manufacturing, making Indian…
European stocks fell as President Donald Trump’s new 10% global tariffs came into effect, adding to investor uncertainty amid mixed earnings reports. The Stoxx Europe 600 Index was down 0.3% at 8:18 am in London. The automakers and chemicals sectors were leading gains, while insurance and banks shares lagged. In individual stocks, Novo Nordisk A/S…
Governments around the world reacted with caution after the US Supreme Court invalidated President Donald Trump’s broad emergency tariffs, with some reaffirming existing agreements and others taking a wait-and-see approach to evaluate his next steps. South Korea said the ruling voids the 15% “reciprocal” tariff currently applied to its goods, while adding that it would…
Foreign Portfolio Investors (FPIs) and Foreign institutional investors (FIIs) are gradually returning to the Indian stock market due to increased clarity surrounding the India-US trade agreement. Previously, uncertainty concerning trade relations had made international investors hesitant. With the key results now more defined, it has alleviated a significant risk factor. Foreign institutional investors bought shares…
India US Trade Deal: America has quietly made changes in the fact sheet related to the India-US trade deal. A day after this document was released by the White House, its words and some conditions were changed. The biggest change has happened in the line in which earlier it was said that India “commits” to…
India-US trade deal: Commerce and Industry Minister Piyush Goyal on Monday said the recently announced 18% tariffs imposed by the US are likely to come into effect starting next week. speaking to CNBC-TV18Goyal explained that the new tariff regime would begin once the White House signs an executive order. He added that United States Trade…
India-US Trade Deal: Union Agriculture Minister Shivraj Singh Chouhan on Sunday lashed out at the Congress for questioning the India–US trade deal.. The former Madhya Pradesh Chief Minister alleged that despite ruling for years, the Congress party failed to connect farmers to global markets or bring stability to the Indian economy. The India-US deal provides…
India-US Trade Deal: US President Donald Trump and his allies are presenting the India-US trade deal as a big victory, but a new report has raised questions on this claim. According to Bloomberg news, the Modi government clearly told Washington that it is ready to wait for the entire tenure of Trump’s presidency to reach…
