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The India-US trade agreement is expected to unlock America’s $118 billion global imports market for textiles, apparel and made-ups, offering a major opportunity for India’s textile sector, the government said on Saturday.US remains the largest market for India’s textile exports, and the new tariff framework is expected to strengthen India’s positioning in global textile supply…
The US Pentagon has announced it will end all military training, fellowship and certificate programmes with Harvard University, escalating the Trump administration’s long-running confrontation with the Ivy League institution over higher-education reforms.US defense secretary Pete Hegseth said on Friday that the decision would take effect from the 2026-27 academic year and would halt graduate-level professional…
India and the United States released a joint statement on Saturday, announcing the framework for an interim trade agreement. Under the newly announced trade pact, tariffs on Indian goods will drop from 50% to 18%. “The US and India are pleased to announce that they have reached a framework for an Interim Agreement regarding reciprocal…
NEW DELHI: Animal feed, ethanol for fuel, poultry, flowers and tea are likely to be among items on the negative list for import concessions given to the US under the first tranche of bilateral trade deal, for which a joint statement is expected in the next few days, reports Sidhartha.In line with commerce and industry…
Amazon recently announced that it is shutting down its Amazon Fresh supermarket chain. The decision of the company to shut down the Amazon Fresh stores will lead to thousands of job cuts across the US. Last week, the e-commerce major announced that it will close around 60 Fresh stores which will put an end to…
The Reserve Bank’s rate-setting panel began its two-day deliberations on Wednesday, with markets closely watching whether borrowing costs could fall further amid supportive macro conditions and improving sentiment.The six-member Monetary Policy Committee (MPC), headed by RBI Governor Sanjay Malhotra, started discussions on the next set of bi-monthly interest rates against the backdrop of a growth-focused…
BENGALURU: India’s seafood exports to the US are expected to recover after the latter agreed to reduce tariffs, industry body Seafood Exporters Association of India (SEAI) said.The US is the largest export destination for Indian seafood, with shipments valued at $2.7 billion in 2024-25. However, exports were under pressure in recent months, following the imposition…
The United States is preparing to launch a $12 billion critical minerals stockpile initiative aimed at reducing dependence on China for rare earths and other strategic resources, according to a White House official, as Washington intensifies efforts to secure supply chains for key industries, AFP reported.The project is expected to combine about $1.7 billion in…
Shopping overseas? Duty cut feeds import impulse Shopping overseas will cost you less from April as the amount of tax you pay on foreign goods to get them to India is getting reduced. The budget has proposed to lower the tariff rate (basic customs duty) on all dutiable goods imported for personal use from 20%…
Sarees, suits and readymade garments made of Man-Made Fiber (MMF) in addition to premium cotton apparel are set to get a shade cheaper with nominal price reductions. With incentives rolled out for textile manufacturing, some relief is expected from fabric and garment makers in textile and apparel pricing, though the impact is unlikely to be…
