Move comes after two nations fail to seal interim trade deal; govt says will take steps necessary to secure national interest
DPIIT cites ONDC, welfare board efforts as alternatives to formal policy
Invest India, the investment promotion and facilitating agency under the Department for Promotion of Industry and Internal Trade (DPIIT), has been actively identifying key value chains to focus on
Under the trade deal negotiations, market access for agricultural products has been one of the key demands from the US
The pact will help boost exports of labour-intensive products like footwear, textiles and gems and jewellery, Piyush Goyal added
If CBAM adversely impacts Indian exports covered by the deal, the government will act to ensure that the agreed market access terms are not diluted
Comprehensive trade deal signed, allowing duty-free entry to 99% of Indian exports
The signing is scheduled to take place at Chequers, the British prime minister's countryside retreat in the Chiltern Hills of Buckinghamshire
Begin talks with buyers, particularly for goods arriving at US ports on or after Aug 1
A team of officials from Washington DC will visit India for a sixth round of negotiation, around a month after negotiators from both sides wrapped up the fifth round of talks in Washington last week
Aditi Nayar, chief economist at Icra, said that while an elevated base weighed upon coal output, excess rains in the latter half of June impacted electricity generation
China's growing influence in the Latin American region raises concerns
The export restrictions, which took effect on April 4, apply to rare earth magnets, which are critical components in industries ranging from automobiles and electronics to health care and defence
On Tuesday, Trump said the bilateral trade pact with Indonesia would result in tariff- and non-tariff-barrier-free access for US goods to the Indonesian market
Indian exporters currently bear a 10 per cent baseline tariff, after the US administration temporarily paused the 26 per cent reciprocal tariff on India
Both sides are also discussing matters pertaining to technical cooperation, sanitary and phyto-sanitary measures and technical barriers to trade collaborations
In 2024, India's bilateral trade (merchandise) with the US stood at $123.8 billion, with a trade surplus of $37.7 billion for India
India and US negotiators are in Washington for intense discussions, with the interim trade pact facing a critical deadline and pressure from the US on tariff concessions
The Bill will allow 'reverse job work'. This means that SEZ units will be able to do a part of the manufacturing process on its behalf for DTA units
Deal with European bloc was signed in March 2024; it's projected to get India $100 bn foreign direct investment