BUSINESS
India looks to settle trade with Gulf countries in local currencies amid global uncertainties
Officials said enabling trade in domestic currencies would help avoid routing transactions through the US dollar, thereby lowering conversion costs and limiting the impact of currency volatility
BUSINESS
India-Gulf bloc FTA talks likely only in second half of the year as Iran war rages
India and the Gulf Cooperation Council, which includes Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Oman, and Bahrain, signed the Terms of Reference February to launch FTA negotiations
BUSINESS
India, Canada likely to hold first round of FTA talks in April or May
Both governments have also set an ambitious target of increasing bilateral trade to about $50 billion by 2030 as part of the proposed CEPA framework.
BUSINESS
India to announce steps within this week to support exporters hit by West Asia disruptions
The government has set up an inter-ministerial group under the Directorate General of Foreign Trade (DGFT) to monitor the situation closely and address exporters’ concerns.
BUSINESS
India will sign US trade deal after Washington readies new tariff structure: Source
The agreement had initially been expected to be signed in March, but the US court’s ruling rendered earlier reciprocal tariffs invalid, prompting the Trump administration to work on a new tariff framework for global trade.
BUSINESS
India's trade deficit narrows to $27 billion in February
However, on a year-on-year basis, the trade gap in goods in February was significantly wider from $14.42 in the same month last year
BUSINESS
Experts see US’s Section 301 probe as a bid to gain upper hand in trade deal talks
Section 301 empowers the USTR to examine whether foreign industrial policies, such as subsidies, state-owned enterprise activity, or overcapacity are unreasonable or discriminatory.
BUSINESS
Experts see US’s Section 301 probe as a bid to gain upper hand in trade deal talks
Section 301 empowers the USTR to examine whether foreign industrial policies, such as subsidies, state-owned enterprise activity, or overcapacity are unreasonable or discriminatory.
BUSINESS
India may wait for clarity on Section 301 probe before moving ahead with US trade talks
The United States has launched a fresh investigation into global industrial overcapacity, targeting certain sectors across 16 economies, including India
BUSINESS
Press Note 3 easing to apply prospectively, but some pending FDI proposals may benefit
DPIIT Secretary Amardeep Singh Bhatia said the government expects the easing of norms to boost foreign investments.
BUSINESS
"A major boost for investors": Experts hail clarity on beneficial ownership and expedited approvals under Press Note-3
The announcement appears broadly aligned with India’s ongoing push to strengthen electronics manufacturing and semiconductor supply chains, which are also priorities under policies such as Electronics Components Manufacturing Scheme and related production-linked incentive initiatives, say experts.
BUSINESS
Govt open to adding more sectors under eased Press Note 3 regime, says DPIIT Secretary
Bhatia said the government is examining ways to expand the sectors eligible for expedited approvals for investments coming from land-bordering countries (LBCs), except Pakistan.
BUSINESS
Iran war could widen India’s CAD if crude prices stay elevated, warn analysts
The West Asia conflict has renewed concerns about volatility in global energy markets and its implications for large oil-importing economies such as India
BUSINESS
Banking, shipping secretaries to meet stakeholders today on relief for exporters amid West Asia crisis
The discussions are expected to explore possible relief measures for exporters, including lowering insurance costs, freeing up working capital, and expanding credit access to help exporters navigate disruptions.
BUSINESS
West Asia escalation deepens India’s trade woes, keeps exporters on the edge
The conflict could disrupt key trade routes, push up freight and insurance costs, and trigger renewed volatility in energy markets.
BUSINESS
India–EU FTA includes ‘lesser duty’ provision for anti-dumping duties
The FTA also includes public interest safeguards, preventing authorities from applying trade remedies if doing so clearly does not benefit the public, considering domestic industry, importers, users, and consumer groups.
BUSINESS
India, EU agree on 5-year most-favoured nation treatment in trade deal
This means that the listed sectors, services and service suppliers of each Party will be treated at least as well as those from any other country, with certain limits and conditions.
BUSINESS
India–EU FTA to review cross-border data sharing provision in five years
The chapter also states that privacy remains a priority, allowing each side to adopt safeguards it considers appropriate to protect personal data, including rules governing cross-border transfers.
BUSINESS
India–EU FTA makes uncommon reference to cooperation on CBDCs
India’s digital rupee, issued by the Reserve Bank of India, is currently in the pilot phase, with both retail and wholesale segments under testing.
BUSINESS
US Supreme Court ruling prompts India to reassess trade deal provisions
The government is looking at freshly negotiating some provisions of the trade deal – so that it can get an edge over other countries, a source said
BUSINESS
Trump tariff ruling could widen India’s negotiating space as trade deal may still be key
India and the United States have agreed on an interim arrangement expected to cap US tariffs on Indian goods at 18 percent and provide zero-duty access for certain exports
WORLD
US Supreme Court strikes down Trump's tariffs: What it means for India
The ruling is expected to reinforce the Congress’s constitutional authority over taxation and trade.
BUSINESS
India looking to US to diversify oil, coal supplies, says Piyush Goyal
India has not granted concessions in any trade agreement without approvals from the relevant ministries and private-sector stakeholders, the minister has said
BUSINESS
Farmers won’t have cause for complaint once India–US deal text is out, says Piyush Goyal
Goyal added that India has “not opened dairy for any country whatsoever” in any of its free trade agreements (FTAs).
