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India, US to increase market access, cut tariff, non-tariff barriers: Centre tells Lok Sabha

He addressed concerns raised by US President Donald Trump’s recent claims that India had agreed to significantly reduce its tariffs.

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India and the United States are gearing up to negotiate a comprehensive trade agreement aimed at boosting bilateral commerce, increasing market access, reducing tariffs and non-tariff barriers, and enhancing supply chain integration, the Centre told Lok Sabha on Tuesday.

In a written reply, Minister of State for Commerce and Industry Jitin Prasada informed the Lok Sabha that both countries are committed to negotiating a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA). He emphasized that the focus will be on expanding market access, lowering tariff and non-tariff barriers, and strengthening supply chain collaboration.

The announcement comes amid ongoing discussions between the two nations to deepen economic ties. During Prime Minister Narendra Modi’s visit to Washington last month, India and the US pledged to more than double their bilateral trade to $500 billion by 2030. They also agreed to finalize the first phase of the BTA by the fall of 2025.

In 2023, the total bilateral trade in goods and services between India and the US stood at 190.08 billion with190.08 billion, with 123.89 billion in goods and 66.19 billion in services. India’s merchandise exports to the US were 66.19 billion in services. India’s merchandise exports to the US were 83.77 billion, while imports totaled 40.12 billion, resulting in a trade surplus of 40.12 billion resulting in a trade surplus of 43.65 billion in India’s favor. The US has consistently been India’s largest trading partner since 2021.

The US recently issued a memorandum on reciprocal trade and tariffs on February 13, directing the Commerce Secretary and the US Trade Representative (USTR) to investigate the impact of non-reciprocal trade arrangements on American interests and propose remedies. However, Prasada clarified that the US has not yet imposed reciprocal tariffs on India.

Commerce Secretary Sunil Barthwal informed a Parliamentary panel on Monday that negotiations between India and the US are ongoing, and no agreement on trade tariffs has been finalized. He addressed concerns raised by US President Donald Trump’s recent claims that India had agreed to significantly reduce its tariffs.

India’s tariff policy is designed to regulate trade, protect domestic industries, and generate revenue through import and export duties. Recent reforms have focused on simplifying the tariff structure and facilitating trade. As a member of the World Trade Organization (WTO), India adheres to bound tariff rates, with applied tariffs generally lower than the maximum permissible levels.

Prasada also highlighted India’s efforts to expand its trade network through Preferential Trade Agreements (PTAs) and Free Trade Agreements (FTAs). Currently, India is part of 13 FTAs and 9 PTAs, with ongoing negotiations with the European Union, the United Kingdom, and Oman.

Key Indian exports to the US in 2023-24 included engineering goods (17.62billion), electronics (17.62 billion), electronics (10 billion), gems and jewellery (9.9billion), petroleum products (9.9billion), petroleum products (5.83 billion), textiles (4.7billion), and marine products (4.7billion), and marine products (2.5 billion).

The proposed India-US trade agreement is expected to further strengthen economic ties between the two nations, fostering greater collaboration and creating new opportunities for businesses on both sides. As negotiations progress, the focus remains on achieving a balanced and mutually beneficial outcome that addresses the interests of both countries.

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Congress, BJP attack Bhagwant Mann over remarks on Punjab blasts

Congress and BJP have jointly criticised Punjab CM Bhagwant Mann after he linked recent blasts near defence sites to political motives, triggering a controversy.

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Bhagwant Mann

A political row has erupted in Punjab after Chief Minister Bhagwant Mann linked recent blast incidents to political motives, drawing sharp criticism from both the Congress and the Bharatiya Janata Party (BJP).

The controversy follows two low-intensity explosions reported within a short span of time — one near the Border Security Force (BSF) headquarters in Jalandhar and another close to an army cantonment area in Amritsar. The incidents raised concerns over security, particularly given the sensitive nature of the locations.

In response, Mann suggested that the blasts could be part of a larger political strategy. His remarks triggered a strong backlash, with opposition parties accusing him of politicising a serious security issue.

Leaders from the Congress criticised the Chief Minister’s statement, calling it inappropriate and alleging that such comments undermine the gravity of the situation. They stressed that matters related to national security should be handled with caution and responsibility.

The BJP also joined the criticism, questioning the basis of Mann’s claims and urging the state government to focus on investigation and law enforcement instead of making political allegations.

The developments have led to an unusual moment where both Congress and BJP appear aligned in their criticism of the Aam Aadmi Party-led government in the state.

Meanwhile, the blasts themselves have intensified concerns over safety in border regions, with authorities continuing their investigation into the incidents. No casualties were reported, but the proximity to defence establishments has made the issue particularly sensitive.

The episode has further escalated political tensions in the state, with security and accountability emerging as key points of debate.

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Himanta Biswa Sarma resigns as Assam chief minister, oath ceremony likely after May 11

Himanta Biswa Sarma resigns as Assam Chief Minister after BJP-led NDA’s victory. He will continue as caretaker CM until the new government is sworn in after May 11.

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Himanta sharma

Assam Chief Minister Himanta Biswa Sarma resigned from his post on Wednesday, paving the way for the formation of a new government after the BJP-led NDA secured a decisive victory in the 2026 Assembly elections.

Sarma submitted his resignation to Governor Lakshman Prasad Acharya at Lok Bhawan in Guwahati. The Governor accepted the resignation and asked him to continue as the caretaker Chief Minister until the new government takes charge.

The resignation comes after the NDA’s strong electoral performance, where the alliance won a clear majority in the 126-member Assembly, ensuring its return to power for another term.

Oath ceremony expected after May 11

Speaking to reporters after submitting his resignation, Sarma said the swearing-in ceremony for the new government is likely to be held after May 11.

He indicated that Prime Minister Narendra Modi has been invited to attend the ceremony but is unavailable until May 11, which has influenced the tentative schedule.

Decision on next chief minister soon

Sources suggest that central observers, including senior BJP leaders, are expected to arrive shortly to oversee the selection of the legislature party leader. The newly elected MLAs will then decide on the next Chief Minister.

Despite the formal resignation, party sources indicate that Sarma is likely to continue in the role for another term, given the BJP’s strong mandate in the state.

The move marks the beginning of the government formation process in Assam following the election results declared earlier this week.

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Rahul Gandhi and Vijay alliance took shape through backchannel talks, early signals from Congress leaders

Congress outreach and political calculations led to Rahul Gandhi and Vijay coming together after the Tamil Nadu 2026 election results.

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The coming together of Rahul Gandhi and actor-politician Vijay in Tamil Nadu after the 2026 Assembly elections was not sudden, but the result of behind-the-scenes political manoeuvring and early signals within the Congress.

According to media reports, some leaders in the Tamil Nadu Congress had already sensed the scale of Vijay’s surge during the campaign, anticipating what was later described as a “wave” in favour of his party.

After the results, where Vijay’s Tamilaga Vettri Kazhagam (TVK) emerged as the single largest party but fell short of a majority, communication channels between the Congress leadership and Vijay quickly became active.

A key moment in this evolving political equation was a phone call from Rahul Gandhi to Vijay, congratulating him on the party’s strong performance. The conversation was seen as more than a courtesy, signalling the possibility of cooperation at a time when government formation required additional support.

Reports indicate that discussions within Congress weighed the political benefits of supporting Vijay, especially given the shifting dynamics in the state where traditional dominance by major Dravidian parties has been challenged.

With TVK needing allies to cross the majority mark, Congress emerged as a potential partner, leading to a broader political realignment in the state. This development also triggered tensions within opposition alliances, highlighting the strategic importance of the decision.

The evolving partnership reflects a mix of electoral pragmatism and changing voter sentiment, particularly the growing influence of younger voters, which leaders acknowledged as a key factor in the election outcome.

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