Union Commerce Minister Piyush Goyal on Tuesday said the India-US trade deal is an agreement that every Indian can be proud of and it is under the final stages of detailing between the negotiating teams of the two countries.
The deal involves reducing reciprocal tariffs from 25% to 18% and eliminating the additional 25% duty on Russian oil imports into India. India has also agreed to increase imports from the US by $500 billion, covering sectors like energy, technology, agriculture, and defence.
Commerce and Industry Minister Piyush Goyal on Tuesday said that the sensitive sectors of India's economy, particularly agriculture and dairy, have been protected in the India-US trade deal.
Speaking to ANI outside Parliament, Hibi Eden said eight Congress MPs have been suspended, but the party will continue its protest both inside and outside Parliament.
"Rahul Gandhi ko kya mirchi lagti hai? Piyush Goyal asked in Hindi. The minister said the government would have preferred to present the matter in Parliament but was compelled to address the media due to what he described as unruly behaviour by opposition parties, including the Congress,
Commerce and Industry Minister Piyush Goyal on Tuesday said that the India-US Trade Agreement brings tremendous opportunity to people of the country and that is the best deal India has received compared to all its neighbours.
At the time of closing, Sensex was at 83,739.75, up by 2072 points or 2.5 per cent, while Nifty was at 25,727, up by 639 points or 2.5 per cent. In terms of sectors, all the major indices traded in the green.
Shiv Sena UBT MP Sanjay Raut on Tuesday claimed that the India-US trade agreement was signed to benefit Gautam Adani, the Chairperson of the Adani Group.
He said the decision by the US administration to lower tariffs on Made in India goods reflects the strong leadership and effective diplomacy of Prime Minister Narendra Modi.
Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises, described the agreement as "much-awaited" and transformational for both economies. "The deal marks a significant milestone, unlocking immense opportunities for investments and growth, and added that the flurry of free trade agr
"And I think this is something quite extraordinary that in a matter of few days, we have concluded two of the largest deals possible, one with the European Union and one with the United States. And I think this opens up huge opportunities for us in terms of our aligning with global supply ch
Nahata said the tariff rate under the deal had been fixed at 18%, a level he described as favourable for financial markets across debt, equity and foreign exchange. He pointed to a clear reaction in the bond market, where the 10-year government security yield softened after the announcement.