Category: Politics

India has fully protected the interests of farmers and more than 95% of farm produce in its trade deal with the US, commerce and industry minister Piyush Goyal said on Friday, adding that the US and European Union together open up a market of nearly $55-60 trillion for exporters. Speaking at the Global Business Summit, the […]

The Reserve Bank of India (RBI) has directed banks to provide customers with written details of the recovery agents assigned to their cases, ensure that agents are not given sales‑style targets that may push them toward harsh recovery practices, and refrain from engaging recovery agents in cases where the customer has already lodged a grievance with […]

India’s trade surplus with the United States may cross USD 90 billion annually, supported by a sharp rise in exports and higher import potential, according to a report by SBI. As per the report, Indian exporters may increase their exports of the top 15 items to the US by around USD 97 billion in a year. […]

India has committed to remove its digital services tax as part of the interim trade agreement with the United States, the White House has said in a fact sheet. It further stated that India will eliminate or reduce tariffs on US industrial goods and a wide range of food and agricultural products, including “certain pulses” – […]

Reserve Bank of India (RBI) has clarified that the exemption from registration offered to non banking finance companies (NBFCs) which do not have any customer interface and with asset size of less than Rs 1000 crore is only with regards to registration. These NBFCs will continue to be subject to other provisions of the RBI Act, […]

The Reserve Bank of India has relaxed collateral norms for MSME lending while corporate loan demand is reviving across sectors, signalling broad-based strengthening in credit growth amid improving economic activity, rising capex and expanding trade opportunities. Under revised guidelines, lenders can extend collateral-free loans of up to Rs 25 lakh to borrowers with strong credit profiles […]

India is yet to join the Gaza Peace Board initiated by US President Donald Trump and is unlikely to participate in its inaugural meeting scheduled for February 19. The Indian government is still examining the proposal, ET has reliably learnt. The issue had figured during the recently concluded India-Arab League Foreign Ministers meeting here. India heard […]

The United States may partially refund the penalty imposed on India over imports of Russian crude oil after February 7. The United States may partially refund the penalty imposed on India over imports of Russian crude oil after February 7, when President Donald Trump’s executive order withdrawing the 25 per cent additional levy on Indian imports […]

The United States has said its proposed trade framework with India will be structured to ensure that “the agreed benefits accrue predominately to the United States and India,” underscoring a push for reciprocal market access, tariff reductions and tighter rules of origin between the two strategic partners. In a fact sheet released late Monday, the White […]

The interim trade framework announced between India and the United States has been projected by the government as an achievement in bilateral economic ties after nearly a year of protracted negotiations. However, the announcement also triggered sharp political and policy scrutiny in India, with critics questioning whether the framework tilts disproportionately in favour of the US. […]