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Russia’s foreign minister Sergey Lavrov on Wednesday said that Moscow will continue to observe the limits set under the New START nuclear arms control treaty, even after its expiry, as long as the United States adheres to the same restrictions.The New START treaty formally expired on February 5, leaving the world’s two largest nuclear powers…
The US government is reportedly seeking a legal commitment from major technology companies on the electricity consumption of data centres that power artificial intelligence (AI) services. According to a recent report citing two Trump administration officials who spoke on condition of anonymity due to the private nature of the discussions, the government wants companies such…
Benchmarking its market access strategy to product sensitivity, India will grant quota-based duty concessions in the automobile sector while offering market access to alcoholic beverages under tariff reduction and minimum import price-based formulations under the trade pact with the United States, the government said on Monday, PTI reported. Under the agreement, tariffs on $30.94 billion…
Somalia on Monday signed a defence agreement with Saudi Arabia, deepening military ties as the Horn of Africa increasingly becomes a theatre for regional rivalries among Gulf states. The region, which lies along one of the world’s busiest trade routes between the Indian Ocean and the Suez Canal, has drawn growing strategic interest from Gulf…
NEW DELHI: India’s auto component industry is set for a significant boost following the India-US trade deal, with the agreement providing preferential tariff treatment for Indian auto parts exports, including zero-duty access for some products. The joint statement said India will receive a preferential tariff rate quota for automotive parts currently covered under US national…
Representative image (Generated by AI) India has allowed a duty concession on imports of only 5 lakh tonnes of dried distillers’ grains (DDGS) from the US under the first phase of the bilateral trade pact, an official told PTI stressing that the volume is equivalent to about 1 per cent of the country’s total consumption.The…
NEW DELHI: The interim India-US trade arrangement provides certainty and clarity to the domestic pharma sector, with medicines staying outside reciprocal tariffs, and Washington signalling negotiated treatment for generics under Section 232.India plays a critical role in supplying affordable medicines to the US, with shipments of around $10 billion accounting for nearly 35% of its…
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”…
US President Donald Trump has lifted the additional 25 per cent tariff imposed on Indian imports over New Delhi’s purchases of Russian oil. The move forms part of a wider interim trade framework announced by the two countries, aimed at resetting ties after months of strain. At the heart of it lies a sensitive question…
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…
