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Centre has no plans to increase duties on gold and silver imports, according to a government source. This comes amid growing concerns related to import duties in the country after Prime Minister Narendra Modi urged people to avoid non-essential gold purchases over the next one year to protect forex reserves.On the trade front, US officials…
Fresh negotiations between India and the United States are underway in Washington, DC this week, with officials indicating that a long-running effort to seal a bilateral trade agreement is nearing completion.A senior US official, responding to queries on the progress of the talks, said, “The Trump administration and India continue to have positive and productive…
NEW DELHI: The India-US trade deal goes some way to alleviate stress on Indian exports but there are “plenty of unknowns” and leaves questions unanswered, says an analysis by Moody’s Analytics, an arm of Moody’s.“The deal assumes that India will end its purchase of Russian oil, but there has been no confirmation from India,” said…
TOI correspondent from Washington: A rare congressional rebuke of President Donald Trump’s Canada tariffs, a presidential rant targeting a flagship US-Canada bridge, and an impending Supreme Court ruling on emergency trade powers are converging to deepen uncertainty around American trade policy — and raising fresh doubts about the durability of the fledgling US-India trade framework.On…
The United States and India have announced a major breakthrough in trade ties, with President Donald Trump and Prime Minister Narendra Modi agreeing to roll back steep tariffs and deepen economic cooperation. The understanding, revealed through statements by both leaders, signals a reset in a relationship that had been strained by punitive duties, market-access disputes…
PM Modi and Trump (File photo) US President Donald Trump on Monday announced a trade deal with India, months after Washington imposed steep tariffs of up to 50 per cent on Indian goods, including penalties linked to New Delhi’s purchase of Russian crude. Announcing the agreement on his social media platform Truth Social, Trump said…
US Indian-origin lawmakers have raised concerns that measures undertaken by the Trump administration, such as the USD 100,000 fee on H1B visas and 50 per cent tariffs on India, were hurting American businesses and threatening people-to-people ties between Washington and Delhi.The remarks came during a House Foreign Affairs South and Central Asia Subcommittee hearing titled…
The rupee closed at a new all-time low of 90.32 against the US dollar on Thursday, sinking 38 paise, as uncertainty around the India-US trade deal and continued foreign fund outflows pressured the currency, PTI reported.The local unit opened at 89.95, weakened further through the session and hit a record intra-day low of 90.48, before…
The rupee strengthened 23 paise to settle at 88.50 against the US dollar on Tuesday, supported by upbeat sentiment around a potential US-India trade agreement and easing concerns over the prolonged US government shutdown.At the interbank foreign exchange market, the rupee opened at 88.69 against the greenback, touched an intraday high of 88.50 and a…
Donald Trump (left), Gina Raimondo, PM Modi (Agencies) Former US commerce secretary Gina Raimondo has criticised President Donald Trump’s foreign and trade policies, warning that Washington is “making a big mistake with India” and alienating key global allies through an isolationist approach.Speaking at the Harvard Kennedy School’s Institute of Politics during a conversation, named ‘Industrial…
