The White House revised its India-US trade factsheet, softening language on India's commitments related to purchases, tariffs and digital taxes. Some references to agricultural products and digital services taxes were removed. The update follows last week's interim trade framework finalis
Jairam Ramesh on Tuesday reiterated his criticism of the India-US interim trade agreement, stating that New Delhi has been "forced to concede more to Washington than it has got".
Chief Minister Omar Abdullah has said that Jammu and Kashmir will not benefit from the India-US Interim Trade Agreement and it will harm the interest of farmers.
The reduction in tariffs under the India-US trade deal framework is expected to significantly improve the competitiveness of Indian exports and deliver broad-based gains for the chemical industry, Ramya Bharathram, President of the Indian Chemical Council (ICC), said on Monday.
Union Minister Giriraj Singh on Tuesday accused the country's first Prime Minister Jawaharlal Nehru of "mortgaging" Kashmir and "surrendering" to the British to "fulfil his aspirations".
Global brokerage firm Goldman Sachs has upgraded its growth outlook for India and lowered its estimate of the country's current account deficit (CAD) following the announcement of the India-US trade deal, citing the positive impact of lower US tariffs on Indian exports.
Russian Foreign Minister Sergey Lavrov took a dig at the United States in an interview with TV BRICS and said that there are efforts to ban India and other partners from purchasing Russian oil, Sputnik reported on Monday.
Congress MP Manish Tewari on Tuesday moved an Adjournment Motion notice in Lok Sabha, seeking discussion on the framework of the India-United States Interim Trade Agreement.
"Last Friday, in a Joint Statement, President Donald J. Trump announced a trade deal between the United States and India that will open up India's market of over 1.4 billion people to American products," the statement said.
Phased elimination of tariffs over up to ten years has been adopted for certain intermediate products used by India's food processing industry and sourced from multiple countries.