Spread the love       MUMBAI: Zero-duty access for diamonds and coloured gemstones to the US under the interim trade agreement framework will benefit the gems and jewellery sector, which was termed by industry leaders as a “critical inflection point” after bruising year for exports.The move could help reverse the sharp decline in shipments to India’s largest market, where cut and polished...

Spread the love       Representative image NEW DELHI: Keen for a bigger pie of the world’s fastest growing aviation market, the biggest sectoral original equipment manufacturers’ legal teams are poring over the fine print of the landmark Indo-US trade deal.A zero-duty access to components exported from India to the US will give India parity with other aerospace supply chains such as...

Spread the love       (AP photo) NEW DELHI: Duty concessions to American whiskey and wine are unlikely to have any major impact on Indian companies. To begin with, it will come with a minimum import price which was the case with Australian, European and the UK trade deals. Besides, the volumes are very low, reports Sidhartha. For instance, with total sales...

Spread the love       NEW DELHI: Until a couple of months ago, a trade deal with the US did not seem to be on the horizon. India refused to back Donald Trump’s claim of having brokered the pause of Operation Sindoor and the Trump administration persisted with its crude fulminations against India’s tariffs. US commerce secretary Howard Lutnick seemed to be...

Spread the love       NEW DELHI: India’s commitment to import $500 billion of goods from the US over five years depends not just on the ability of Indian companies to place orders but also on how quickly American suppliers can cater to the demand.Last year, India imported goods worth $45.5 billion from the US; during the first nine months of the...

Spread the love       India retained protection on corn and soybean, both GM crops in US, but agreed to import dried distillers’ grains and red sorghum for animal feed, tree nuts, fresh and processed fruits, soybean oil. Farm organisations say DDG comes from GM corn and questioned allowing import of soybean oil. RSS-linked BKS too sought a clarification. Farm minister Shivraj...

Spread the love       NEW DELHI: India has managed to protect its ground on dairy and farm products by retaining protection on the import of corn and soyabean, both genetically modified (GM) crops in the US, but agreed to eliminate or reduce tariffs on a wide range of American food and agricultural products, including dried distillers’ grains (DDGs) and red sorghum...

Spread the love       Jairam Ramesh NEW DELHI: Dubbing the India-US trade deal interim framework as a “surrender”, Congress on Saturday said commerce minister Piyush Goyal’s statement on agri imports was “too clever by half” as the joint statement mentions a list of products which India would eliminate or reduce tariffs upon, including “additional products”.Congress MP Jairam Ramesh noted “additional products”...

Spread the love       Mumbai-Pune expressway faced another weekend traffic nightmare with heavy vehicles causing significant delays. This follows a recent 32-hour snarl from a tanker accident. Officials cite election-related travel and the resumption of stalled truck movement for the persistent gridlock, turning peak hours into a frustrating crawl for thousands. PUNE: Weekend gridlocks have almost become a norm on the...

Spread the love       NEW DELHI: The announcement of an interim trade agreement between India and the US was met with warm applause from the BJP and its allies, with home minister Amit Shah saying it will give “another boost to India’s roaring growth engine”. The ruling alliance was dismissive of the opposition’s charge that the agreement harmed farmers, insisting that...