India and the US are likely to agree on an interim trade agreement before July 8 with New Delhi pushing for full exemption from the 26 per cent reciprocal tariff on domestic goods, an official said. The US on April 2 imposed an additional 26 per cent reciprocal tariff on Indian goods but suspended it for 90 days till July 9.
The CII Business Summit 2025's inaugural session witnessed a rousing standing ovation and a felicitation ceremony for the defence top brass sending a strong message about India's rising military industrial complex and hghlghting that security is a top-of-the-mind issue for India Inc.
Nadda replaces Union minister Piyush Goyal, who recently won the Lok Sabha election and took oath on Monday as a member of the Lower House of Parliament.
Government representatives told a parliamentary panel that the US has not officially conveyed to India that it should cut tariffs by April 2.
Finance Minister Nirmala Sitharaman on Saturday said India is looking for a "good" trade agreement with the US to promote economic growth and ensure smooth supply chains. She also said that amid a growing global tariff war, India will have to move "smartly" to guard against possible dumping of goods from countries that are facing higher US tariffs.
The final rites of renowned industrialist and philanthropist Ratan Tata were performed with full state honours at a central Mumbai crematorium on Thursday evening. The Mumbai police paid tribute to Tata with a gun salute.
The Confederation of All India Traders (CAIT) representing 70 million traders has written to Union Commerce Minister Piyush Goyal, drawing his attention to the alleged violations of laws and regulations by quick commerce (qcom) companies.
Lyricist Javed Akhtar said that Hindus have always been tolerant, adding that democracy in India existed because of Hindus at an event in Mumbai on Friday.
Goyal said India has been recognised as brightest spot in the world in last five years.
With US President Donald Trump "temporarily suspending" country-specific reciprocal tariffs until July 9, India sees the three-month window as an opportunity to renew its push for a proposed bilateral trade agreement (BTA) with the US and expedite finalisation of the first tranche of the trade deal.
'That combination of a rising economy, a growing middle class, and a deepening love of diamonds and jewellery is what we see really doubling the market for diamonds over the next five years.'
India's goods and services exports have already crossed $675 billion in last fiscal year and the country is now aspiring to take international trade to $2 trillion by 2030, Commerce and Industry Minister Piyush Goyal has said. Interacting with faculty, researchers, and students at the Stanford University here, Goyal also said by the time India would celebrate the 100th anniversary of its independence, it would be a $30 trillion economy. "...by 2047-2050 period, when India would be completing 100 years of Independence, we will be at least a $30 trillion economy on a business as usual scenario and possibly a $35-45 trillion economy if some of the aggressive plans that the government is putting together work well.
Goyal also said that current account deficit is likely to be 2.5 per cent of GDP this year.
Brendan Lynch, the assistant US trade representative for South and Central Asia, will pay a five-day visit to India beginning Tuesday, days before US President Donald Trump's tit-for-tat tariff kicks in. The senior US trade official is expected to hold talks with Commerce Minister Piyush Goyal besides meeting a number of senior Indian officials.
The BJP has nominated Sanjay Upadhyay from the Borivali seat for the November 20 state assembly polls.
Bhandari, a three-term Congress legislator who was also a minister in the state in the past, joined the BJP in the presence of its senior leaders, including Union Minister Piyush Goyal and the party's national general secretary Dushyant Kumar Gautam.
Maharashtra Chief Minister Devendra Fadnavis has accused Bangladeshi migrants of seeking birth certificates illegally in the state to obtain voting rights, labeling it as "vote jihad part 2". He claimed that nearly 100 such cases have been reported in Amravati and Malegaon tehsil in Nashik. Fadnavis reiterated his government's commitment to combating anarchist forces and urged people to remain vigilant. He also lauded the BJP's performance in the recent assembly polls, attributing the victory to Prime Minister Narendra Modi's leadership.
India's National Security Advisor Ajit Doval held bilateral talks with US Director of National Intelligence Tulsi Gabbard, and chaired a conclave of top global intelligence chiefs focusing on strengthening cooperation in confronting various security challenges including terrorism and threats posed by emerging technologies. The meeting also focused on security in the Indo-Pacific region, cooperation to counter terror funding and money laundering, and issues relating to extradition and immigration.
Jitesh Antapurkar, who won a bypoll in 2021 on a Congress ticket and is considered close to former chief minister Ashok Chavan, has been nominated from Deglur.
The interim finance minister said the Insolvency and Bankruptcy Code was helping in recovery of non-performing loans.
Scenes from the election campaign in New Delhi, Mainpuri, Bardhaman, Srinagar, Etah, Mumbai and Puri.
Issues related to the proposed free trade agreement (FTA) and bilateral investment treaty between India and the UK are expected to figure during the three-day visit of Finance Minister Nirmala Sitharaman to London from April 8-10, official sources said. The minister will attend a host of meetings, including the India-United Kingdom Economic and Financial Dialogue, in London.
India and the United States will finalize the contours, schedule of negotiations, and terms of reference for a proposed bilateral trade agreement (BTA) during a three-day meeting beginning Tuesday. The agreement is expected to be finalized in two tranches, with the first phase focusing on goods trade. The US team, led by Assistant US Trade Representative for South and Central Asia Brendan Lynch, will be in India from March 25-29 to discuss the agreement. Both countries are aiming to conclude the first phase of the agreement by fall 2025.
Senior officials of India and the US will begin three-day talks on the proposed bilateral trade agreement in New Delhi on Wednesday amid threats of reciprocal tariffs from the Trump-administration, an official said. To formally start the negotiations on the pact, Assistant US Trade Representative for South and Central Asia Brendan Lynch, along with a team of officials, is in New Delhi.
Amid domestic traders continuously complaining alleged violations of FDI norms by foreign online players, Commerce and Industry Minister Piyush Goyal on Friday said the ministry will "very shortly" come out with certain clarifications on the e-commerce sector. Goyal said the ministry is not changing any policy on e-commerce for foreign direct investment as the policy is crystal clear. "We will also come out with the e-commerce policy and whatever clarifications... Certain instances have come to our notice where the policy is not being followed in letter and spirit, we will obviously be clarifying that very shortly," he told reporters in New Delhi.
'And America will invite India in to have really an extraordinary opportunity and relationship with us.'
The Bharatiya Janata Party on Sunday promised to enact an-anti conversion law with stringent provisions in Maharashtra, and also assured a skill census for training as per industry needs as well as free ration to low-income families.
Piyush Goyal, treasurer of Bhartiya Janata party and noted charted accountant, has confirmed that he did advise D B Realty -- a Shahid Balwa company, one of the prime accused in 2G spectrum scam -- for raising equity by going to the public.
While Elon Musk's political influence continues to grow, his business empire is witnessing headwinds.
Starlink's application for offering satcom services in India had been held up for the company's inability to comply with mandatory ownership disclosure norms.
India's External Affairs Minister S Jaishankar has stated that the US administration under President Donald Trump is moving towards multipolarity, which aligns with India's interests. He also revealed that India and the US have reached an agreement on the need for a bilateral trade pact. Jaishankar touched upon various foreign policy issues including India's role in the Russia-Ukraine conflict, the trajectory of the BRICS grouping, and relations with China during a session at the Chatham House think-tank in London.
"From President Trump's perspective, the one big shared enterprise that we have is the Quad, which is an understanding where everybody pays their fair share. There are no free riders involved. So that's a good model which works," he said. The Quad alliance consists of the US, India, Australia and Japan.
Newly-appointed Leader of House in Rajya Sabha Piyush Goyal met senior Opposition leaders including former prime minister and Congress veteran Manmohan Singh, his party colleague Anand Sharma and Nationalist Congress Party supremo Sharad Pawar ahead of the Monsoon Session of Parliament beginning Monday.
I'...additional concessions, such as opening government procurement, reducing agricultural subsidies, weakening patent protections, and allowing unrestricted data flows -- demands India has resisted for decades.'
Sources said they discussed and finalised the government's position for the Wednesday meeting.
Telugu Desam Party leader Ram Mohan Naidu will be sworn in as a cabinet minister and another party MP, Chandra Sekhar Pemmasani, as a minister of state in the new Modi government, a party leader has confirmed.
He joined the BJP in the presence of Union minister Piyush Goyal and lauded Prime Minister Narendra Modi's leadership for providing a "strong government".
The ministers are believed to have discussed the issues raised by farmers, and how the Union government can constructively respond to dispel concerns expressed by them over the farm laws.
Union Home Minister Amit Shah on Sunday said the ruling Mahayuti in Maharashtra will retain power with full majority and a decision on who will be the chief minister will be taken by the alliance partners after the state polls.
US-based electric vehicle maker Tesla is looking to source components worth around $1.9 billion this year against $1 billion last year, Commerce and Industry Minister Piyush Goyal said on Wednesday. The minister said that going forward, demand for electric vehicles will increase and it will help in pushing the growth of the sector. "Tesla already last year bought one billion dollars of components from I think all of you sitting here.... I have the list of companies who supply to Tesla.
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