BUSINESS
India focused on trade deal with US, yet to reach out to Trump team on reciprocal tariffs
India is hopeful of concluding the task of drawing out the scope and schedule of the first tranche of the proposed Bilateral Trade Agreement (BTA) with US, in the next two to three weeks, it is learnt.
BUSINESS
Trump tariffs: India engaging with stakeholders to identify areas of gains, challenges
On the proposed trade agreement between India and US, Commerce Secretary said that all measures to raise trade between India and US to $500 billion by 2030 will be discussed while the proposed Bilateral Trade Agreement (BTA) between the two is expected be multisectoral.
INDIA
India’s goods trade deficit narrows to $14.05 bn in February, lowest since August 2021
On a year-on-year basis too, the trade gap in goods was narrower compared to $19.51 in February 2024.
BUSINESS
Goyal tells exporters to come out of 'protectionist mindset' amid Trump's tariffs
On the ongoing efforts on bilateral agreements, Goyal said that the government has reached the final stages in FTA talks with a few nations.
INDIA
Govt will take care of exporters' interest amid Trump's tariffs, Goyal tells stakeholders: Sources
In the meeting, EEPC India raised the issue of Indian metal exports being hurt by US's steeper tariffs on steel and aluminium, which came into effect on March 12.
BUSINESS
Inflation high in Kerala as gold, personal care prices shoot up
Last month, Kerala’s retail inflation rose to a five-year high of 7.3 percent from 6.8 percent in the previous month, even as the overall figure for India eased to a seven-month low of 3.6 percent.
BUSINESS
Trump tariffs, BTA talks on agenda, Goyal likely to meet stakeholders tomorrow
Commerce minister Piyush Goyal, who recently came back from the US, is expected to update participants on trade deal talks and India's response if US goes ahead with reciprocal tariffs
BUSINESS
Trump's Tariff War: Big steel companies bat for protectionism while smaller players want no import tariffs
Even as steeper tariffs on steel imports into the US came into effect on March 12, India is caught in a fight between the steel biggies and the smaller manufacturers over a safeguard duty.
BUSINESS
India to rely on lower tariffs via FTAs amid changing trade scenario, says Jitin Prasada
India has 13 FTAs and is in talks with the United Kingdom the European Union, Oman and the US for a similar arrangement
BUSINESS
Centre may inject more funds to promote exports amid Trump's tariff threat
In the Budget for 2025-26, the Finance Ministry allocated Rs 2,250 crore towards the Export Promotion Mission with an aim to boost exports related to the MSME sector.
BUSINESS
Fintechs explore charging merchants for UPI in talks with RBI
Merchant payments now account for around 62 percent of all UPI transactions, up from 40 percent in January 2022
BUSINESS
Govt should be cautious about tariff cuts amid Trump’s reciprocal plan, says ICC India President Sanghai
Sanghai said to mitigate the impact of Trump's reciprocal plan India should focus on diversifying export markets by strengthening ties with the European Union, ASEAN, and emerging economies, while simultaneously boosting domestic manufacturing through targeted policy measures.
BUSINESS
Trump’s tantrums: Should India talk tougher in the powwow over auto, farm sectors?
Agriculture is a sensitive sector in India, and the auto sector lacks a level-playing field compared to other countries. Reduction of tariffs here and influx of imports would hit livelihoods.
BUSINESS
Farm, dairy goods should be kept out of India-US trade deal talks, says Swadeshi Jagran Manch
SJM's co-convener Ashwani Mahajan’s comments comes at a time when New Delhi is said to be warming up to the idea of lowering tariffs on certain farm goods to secure a trade deal with US
BUSINESS
India needs more than a trade deal to tackle Trump’s reciprocal tariffs
Given the US decision to impose higher levies on Canada and Mexico despite trade pacts with them, India’s proposed free trade agreement with America may not shield it from US reciprocal tariffs.
BUSINESS
Centre to limit borrowing to fund effective capex from FY27; prods states to reduce revenue expenditure
These efforts come amid plans to bring down the overall debt-to-GDP ratio of the Centre and states by improving the quality of expenditure and by tempering Centre’s borrowings from the market. Meanwhile, several Indian states are increasing their expenditure on subsidies and welfare schemes, potentially at the expense of capital expenditure.
BUSINESS
India's private consumption improves to 6.9% in Q3
For the full financial year, private consumer spending is expected to grow 7.6 percent against 5.6 percent in the previous year
BUSINESS
Amid tariff storm, India, EU aim to seal FTA by year-end
Ursula von der Leyen is leading a 27-member delegation to India to speed up talks for the trade deal, negotiations for which were re-launched in June 2022
BUSINESS
Spotlight on FTA, but India-EU continue to wrangle over carbon tax, tariff cuts
India and the EU are yet to agree on a number of contentious issues before securing the FTA. New Delhi wants concessions on the bloc’s carbon tax measures, while the European Union is said to be demanding lower duties on cars and wines.
MARKETS
Next Sebi head unlikely to be from private sector, Centre keen on govt official: Sources
The government has received several applications for the post of SEBI Chief and is likely to go with a current or a former bureaucrat.
BUSINESS
FinMin sees growth rate of 6% as 'decent' for slower years
Given that a growth rate of 8-9 percent is more episodic than consistent for most economies, India aims for at least above 6 percent growth for most years, a senior official has said
BUSINESS
Business visas part of India-UK FTA talks but not immigration
If India and UK want to expand trade and investment, 'we need to be faster and more liberal in our issuance of visas', commerce minister Piyush Goyal has said
BUSINESS
India, UK resumes FTA negotiations
Commerce Minister Piyush Goyal said that the aim is to double or triple merchandise bilateral trade between India and UK in the next 10 years through the proposed FTA from the current level of $20 billion.
BUSINESS
India may push for more farm, textile exports in trade deal with US
The bilateral trade deal is expected to protect agriculture, textiles, aluminium and steel industries from ‘reciprocal’ tariffs threatened by Donald Trump
