A trade deal, even a small one, with India comprising greater market access for the US is likely to help Donald Trump further consolidate his position in an election year.
Responding to a question at IMF headquarters, Finance Minister Nirmala Sitharaman said a totalisation agreement with the US has always been on the cards.
During a joint session at India Economic Summit, both ministers had a stern exchange of words over some of the Indian polices and regulatory mechanisms.
The ‘limited’ trade package was given final shape when Commerce Minister Piyush Goyal met US Trade Representative Robert Lighthizer in New York Monday.
Trade continues to remain a difficult spot in US-India ties, especially amid Trump’s campaign to bridge the US’ trade deficit with countries around the world.
Mineral security is no longer just an economic concern but a national security imperative, underpinning the country’s ambitions in clean energy, defence self-reliance, and advanced manufacturing.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
Nuclear power is completely unaffordable. In the decade since the civil nuclear deal was signed, renewable energy, led by solar and wind, has seen a dramatic fall in costs. India’s power sector, mainly reliant on coal, is producing at half of installed capacity. The discoms are in a financial mess. Westinghouse can wait.
Nuclear power is completely unaffordable. In the decade since the civil nuclear deal was signed, renewable energy, led by solar and wind, has seen a dramatic fall in costs. India’s power sector, mainly reliant on coal, is producing at half of installed capacity. The discoms are in a financial mess. Westinghouse can wait.