The US said India will lower tariffs on a "vast array" of American industrial and agricultural goods, such as "fruits, vegetables", to zero per cent under the trade deal announced by President Donald Trump.
New Delhi will substantially reduce tariffs on industrial and agricultural goods while continuing to protect sensitive sectors. Tariffs on some agricultural products that are not traditionally considered sensitive will be brought down to zero, while in the case of relatively sensitive items, duties will be reduced in a graded manner and quotas will be imposed.
The stock and bond markets told Trump firmly that any idea of isolating China would lead to harming the US economy and this forced Trump to backtrack, points out Aakar Patel.
Artisans from Maharashtra have cried foul after footwear similar to the famous Kolhapuri chappals featured in Prada's show. They alleged violation of geographical identification (GI) rights.
India and the US have finalised the terms of reference outlining the roadmap for negotiations of the proposed Bilateral Trade Agreement (BTA), according to a statement issued by the US. US Trade Representative (USTR) Jamieson Greer said that these ongoing talks will help achieve balance and reciprocity by opening new markets for American goods and addressing unfair practices that harm US workers.
As in-person negotiations between India and the US kickstarted on Wednesday, Treasury Secretary Scott Bessent said he expected India to strike the first bilateral trade deal to avert President Donald Trump's reciprocal tariffs.
'Chandrababu is wiser and a very good administrator.' 'Jagan is the opposite. He is not very wise, not a good administrator.'
'We will be hoisting the tiranga, but this kind of celebration is uncalled for when the farmers in this country are dying by suicides, their families are ravaged by poverty and farmers are not enjoying any freedom.'
Modi knows how to turn Gujarati pride into an emotive issue at election time and a Gujarati President would have its own electoral resonance and significance, note Sunil Gatade and Venkatesh Kesari.
Emerging markets such as India have always run higher inflation rates than developed economies such as the US and countries of Western Europe. But for the first time in the past 30 years, the US reported a higher consumer price inflation (CPI) rate than India in five consecutive months. The US reported a CPI rate of 7.5 per cent in January 2022 against 6.01 per cent in India and analysts expect the trend to continue for at least a few months more
India's appetite for imported crude oil may wane in fiscal year (FY) 2023 from record levels in pre-pandemic 2019-20 fiscal as higher oil prices, a spillover from the conflict in Ukraine, and increasing use of biofuels affect domestic demand for petroleum products. Brent crude surged to a nine-year high, shy of a July 2008 record $147.50 a barrel, before declining to around $100 a barrel - but the volatility in commodity rates will slow global economic growth and use of fuels. Demand for all oil products may grow at only 2-3 per cent in FY23, slower than the current fiscal and nearly half the 5.5 per cent growth estimated by the petroleum ministry, according to industry officials.
'Traders have stocked up for upcoming festivals and will make a loss if stores remain shut now. We suffered last year. We can't suffer again. There is no scientific basis for closing all commercial establishments. How long will the government keep them shut?'
Amid oxygen shortage and a faltering health system in the country, India is seeing over 300,000 cases daily.
Nationalisation has served its purpose. It's time to move ahead, keeping majority ownership of the government in a few banks to serve the people, argues Tamal Bandyopadhyay.
According to the order, all factories producing essential goods and services will remain operational at full capacity.
It is likely that the import duty on input materials would be maintained at the current levels. However many finished products with lower import duty compared to duty on input materials may be increased.
In the draft rules, among 681 listed professions, armed security guards, supervisors, surveyors, and carpenters (class I) are proposed to be treated as highly skilled professionals; electricians, tailors and drivers are skilled; cooks and cobblers as semi-skilled and dairy coolies, office peons and sweepers as unskilled.
Batting for the Jaitapur Nuclear Power Plant, Atomic Energy Commission chief M R Srinivasan has said Maharashtra needs the new generation capacity to meet its industrial and agricultural demands and assured locals that effluents from the plant will not affect the ecology.
The FM could have been bolder, but this is still a forward-looking Budget.
Mamata Banerjee led TMC has released its election manifesto on Monday promising to bring all round development in West Bengal with special emphasis on industry and agriculture.
The Mexican government said on Monday it would slap tariffs on 90 US industrial and agricultural products in retaliation of a Congressional action which ended the programme giving Mexican trucks access to US highways. The 2009 Omnibus appropriations Bill, passed by the Congress, terminated the project between the two countries.
Acknowledging unabated suicides by farmers in Vidarbha region of the state, Maharashtra Chief Minister Vilasrao Deshmukh said his government will leave no stone unturned while handling the issue and has already initiated some measures to curb suicidal tendencies among the farming community in the region.
India has been excluded from a high-profile meeting of the European Union, the US and Brazil on the Doha trade negotiations in London. The two-day senior officials' meeting began on Monday at an unknown destination in London to address the specific concerns among the three members. It was 'unusual' that such a meeting is taking place without the participation of India. The three members will talk about industrials and agriculture packages ahead of next month's Geneva meeting.
'Urbanisation results in heavy rainfall events.'
The Indian GM trails the Russian by a point in the eight-round Hotel Ilapuram Grandmaster chess tournament.
The panel had first visited the Valley in October after which it had recommended an immediate ban on use of pellet guns by security forces.
Buoyed by the 'feel good factor' in the economy, investment banking firm DSP Merrill Lynch on wednesday raised India's GDP forecast for 2003-04 to 7.3 per cent from the earlier prediction of 6.7 per cent.
Under attack over the land bill, the Bharatiya Janata Party on Friday said it will launch a mass contact programme to dispel "myths and propaganda" spread by the opposition and engage farmers in dialogue even as it insisted that it remains open to changes suggested by rival parties and farmers.
After assuming power in 2014 with a full majority of its own, the BJP-led NDA government started an ambitious process of reforming labour laws in the form of codes aimed at making the framework less cumbersome with a variety of alterations. It had planned four codes each for industrial relations, wages, social security and welfare, and occupational safety, health and working conditions. To this end, 35 central labour laws were to be converted into four codes that would have had the virtue of streamlining labour relations. But none of the proposed code Bills could be converted into a law principally because neither trade unions nor industry representatives came on board. They hold the key to India's low-growth-high unemployment paradigm but the government may struggle to push them through this time as well. Somesh Jha explains why
Projecting economic recovery, ADB on Wednesday said India is likely to record 4.7 per cent growth in current fiscal which will improve to 5.7 per cent next year.
The businessmen in the Maharashtra have given a cry of 'remove Ajit Pawar' against the high tariff of electricity.
Prime Minister Narendra Modi on Saturday shared with his Australian counterpart Tony Abbott and United States President Barack Obama the fascinating story of an American architect who had an emotional link with their countries.
The bonhomie between Tamil Nadu Chief Minister J Jayalalithaa and Prime Minister Narendra Modi was once again in evidence on Tuesday, but the question remains if it will translate into supporting the BJP in the Rajya Sabha. Senior journalist R Rajagopalan reports.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances