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India to sign trade deals only when national interest is ensured, says Piyush Goyal

India will only sign international trade agreements that serve the country’s best interests, said Commerce Minister Piyush Goyal. He also highlighted MSME empowerment and banking sector reforms.

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Union Commerce Minister Piyush Goyal has firmly stated that India will only engage in international trade agreements if they align with the nation’s strategic and economic interests. Speaking at an industry event hosted by a leading trade body, the minister stressed that protecting India’s interests remains the top priority in all global negotiations.

Trade talks with the US continue

Goyal confirmed that discussions with the United States are ongoing, adding that India recently concluded the fifth round of negotiations for a proposed bilateral trade agreement in Washington, D.C. These talks lasted four days and were led by Rajesh Agrawal, India’s chief negotiator and special secretary in the Department of Commerce.

“If we get a good deal, we will go ahead with it. If not, we will not. India always puts the country’s interest first,” said Goyal.

Strengthening domestic manufacturing and industry mindset

Emphasising the strength of India’s internal market, Goyal remarked that many imports could be replaced with domestic alternatives. He encouraged the development of local industries to match global quality standards.

Addressing a gathering of entrepreneurs and industry leaders, the minister stressed the need for a mindset shift, especially within the micro, small and medium enterprises (MSME) sector. He advocated for a collaborative growth model where large and small enterprises work together to scale operations and compete internationally.

“We need a change in goals, guidance and mindset. Big or small, companies have to grow together. We have to support each other and be vocal for local interests,” he said.

Urges MSMEs to flag non-tariff barriers

Goyal also urged MSMEs to report non-tariff barriers affecting their businesses. He assured that such issues can only be addressed in bilateral talks if the government is made aware of them.

“Only when you inform us can we raise these concerns during international discussions and work towards removing such barriers,” he added.

Reforms in banking under current government

Reflecting on broader economic reforms, Goyal highlighted the transformation of the banking sector since the Modi government came to power. Drawing comparisons with the previous administration, he claimed that the banking system had suffered due to rising NPAs during the UPA era.

“Today, the banking sector is performing strongly. We have brought transparency and restructured it effectively,” he said, crediting the current administration for revitalising financial institutions.

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Delhi government announces two work-from-home days weekly for offices after PM Modi’s fuel-saving appeal

Delhi government employees will work from home twice a week under a new fuel conservation initiative announced by Chief Minister Rekha Gupta following Prime Minister Narendra Modi’s appeal for energy-saving measures.

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Delhi Chief Minister Rekha Gupta on Thursday announced that government offices in the national capital will observe two work-from-home days every week as part of a broader fuel conservation campaign launched after Prime Minister Narendra Modi urged citizens to reduce fuel consumption amid global economic uncertainty.

The measures, which will take effect from Friday, are part of the Delhi government’s “Mera Bharat Mera Yogdan” campaign aimed at promoting sustainable practices, reducing fuel usage and improving energy efficiency across departments.

Under the new policy, ministers, officers and government employees will also participate in a “Monday Metro” initiative, encouraging the use of public transport instead of private vehicles. Citizens have additionally been urged to observe one “No Vehicle Day” every week.

The Delhi government said no new petrol, diesel or electric vehicles would be purchased for the next six months. Officials also announced a one-year halt on official foreign travel for ministers and officers as part of the austerity measures.

The Chief Minister’s convoy has also been reduced to four vehicles, including two electric vehicles, in a move the government described as an effort to encourage cleaner mobility and lower fuel use.

Additional measures include increasing transport allowance for employees by 10%, installing master switches in government offices to reduce electricity wastage, and fixing air-conditioner temperatures between 24 and 26 degrees Celsius.

The government has also requested universities and educational institutions to conduct non-practical classes online to cut travel-related fuel consumption.

Prime Minister Modi had recently appealed to citizens to conserve fuel, use public transport, adopt carpooling and revive work-from-home arrangements wherever possible due to concerns over global supply disruptions and rising fuel prices linked to tensions in West Asia.

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India bans sugar exports till September 2026 amid domestic supply concerns

India has banned sugar exports with immediate effect until September 2026 or until further orders to stabilise domestic supply and control prices.

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The Indian government has banned the export of sugar with immediate effect until September 30, 2026, or until further orders, in a move aimed at addressing domestic supply concerns and stabilising local prices.

According to an order issued by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industry, the restriction applies to raw, white and refined sugar shipments.

The policy shift effectively changes the export status from “restricted” to “prohibited,” marking a significant tightening of India’s sugar export regime.

Shift from earlier export allowance

India had previously permitted limited sugar exports based on expectations of surplus production. However, the latest decision reverses that stance amid evolving supply conditions.

The move is intended to ensure sufficient domestic availability of sugar and control price pressures in the local market.

Key impact on trade and shipments

The ban will apply to all new export consignments of sugar categories covered under the order. However, exemptions may apply for shipments already in the pipeline, depending on compliance with specified conditions set by authorities.

The restriction is expected to significantly impact sugar trade flows, given India’s position as one of the world’s largest sugar producers and exporters.

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Congress ends Kerala suspense, VD Satheesan to be CM

Congress has named V D Satheesan as the next chief minister of Kerala, concluding its internal deliberations over the state leadership.

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The Congress party has announced that V D Satheesan will be the next Chief Minister of Kerala, ending days of speculation over the leadership choice following the United Democratic Front’s (UDF) recent electoral victory.

The decision was taken by the party leadership after internal discussions and comes amid intense lobbying among senior leaders for the top post.

Leadership decision after prolonged suspense

According to reports, the announcement was made after a series of meetings within the Congress high command, which had been deliberating between multiple contenders for the chief minister’s post.

Satheesan, who currently serves as the Leader of the Opposition in the Kerala Legislative Assembly, emerged as the final choice after discussions involving senior party leadership in Delhi.

Who is V D Satheesan

V D Satheesan is a senior Congress leader from Kerala and has been one of the party’s most prominent faces in the state. He has served as Leader of the Opposition in the Kerala Assembly since 2021 and has represented the Paravur constituency multiple times.

He is widely seen as a key strategist within the Congress-led UDF in Kerala.

Internal competition within Congress

The selection process had reportedly seen competition among several senior leaders, including K C Venugopal and Ramesh Chennithala, before the party finalized Satheesan’s name.

The delay in announcing the chief minister had led to speculation and political debate within Kerala’s political circles.

UDF returns to power in Kerala

The announcement follows the United Democratic Front’s electoral victory in the state, which ended the Left Democratic Front’s (LDF) tenure in Kerala politics.

The new government formation is expected to take place soon after the formal swearing-in process is completed.

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