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Washington DC The U.S. and India are not “far off” from finalizing an interim trade deal, but need to bridge some negotiating gaps, such as over discussions on pulses and the staging of tariff reductions, according to a U.S. official. “We’re not that far off from finalizing the interim trade deal, but some gaps remain,”…
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United States Treasury Secretary Scott Bessent hinted that there may be a path for the removal of the additional 25% tariff levied on Indian goods due to the reduction of the country’s oil purchases from Russia. Calling Donald Trump’s tariff system a “huge success” to have Wahington’s way, Bessent told a Western media outlet, “Indian…
The New And Renewable Energy Ministry’s letter rattled solar manufacturers in the country. File (Image used for representation purpose only) | Photo Credit: M. Periasamy The Ministry of New and Renewable Energy on Sunday (December 7, 2025) said it had not issued any advisory to pause or halt new financing for the sector. The clarification…
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U.S. President Donald Trump WITH Prime Minister Narendra Modi. File. | Photo Credit: Reuters U.S. President Donald Trump said he spoke with Prime Minister Narendra Modi on Tuesday (October 21, 2025), with their conversation focused largely on trade. “We talked about a lot of things, but mostly the world of trade,” Mr. Trump told reporters…
Union Minister of Commerce and Industry Piyush Goyal delivers the keynote address at an event titled ‘Energy Security in a Shifting Global Landscape: Building Resilient Energy Markets Across Borders’, in New York, USA, on September 23, 2025. | Photo Credit: PTI India expects to increase its energy trade with the U.S. in the coming years,…
Image for representational purposes only. | Photo Credit: Getty Images The removal of the additional 25% tariff on India is not a prerequisite for trade negotiations to resume between India and the U.S., but a trade deal would not “be practical” if these tariffs were to remain, according to government sources. They added that while…
Union Minister of Commerce and Industry Piyush Goyal said India and the U.S. are committed to increasing bilateral trade to $500 billion and negotiating a “strong” trade agreement within the next 6-8 months. File | Photo Credit: ANI Piyush Goyal Goyal said once his U.S. counterpart takes charge, both countries will discuss the contours of…
File picture of B.V.R. Subrahmanyam, Chief Executive Officer of NITI Aayog | Photo Credit: Shiv Kumar Pushpakar U.S. President-elect Donald Trump’s pledge to impose high tariffs on three of its trading partners, including China will provide huge export opportunities for India and the domestic industry should prepare itself to tap into that, NITI Aayog CEO…