India US Interim Agreement framework to support MSMEs integration into global value chains: FM
New Delhi (PTI) The India-US Interim Agreement framework will support Indian MSMEs in integrating into global value chains and lower costs for businesses and consumers, Finance Minister Nirmala Sitharaman said on Saturday.
As part of the framework announced last night, both countries will reduce import duties on a number of goods to boost two-way trade.
While the US will reduce tariffs on Indian goods to 18 per cent from the present 50 per cent, India will eliminate or cut down import duties on all US industrial goods and a wide range of American food and agricultural products, including dried distillers' grains, red sorghum for animal feed, tree nuts, fresh and processed fruit, soybean oil, wine and spirits.
According to a joint statement, India has expressed its intention to purchase USD 500 billion of US energy products, aircraft and aircraft parts, precious metals, technology products and coking coal over the next five years.
"India has safeguarded the sensitivities of its agriculture and animal husbandry sectors. The framework protects key farm and dairy products, spices, and staples, strengthening farmer incomes," the office of Sitharaman said in a post on X.
The framework will strengthen India's lead in the digital services sector, it said, adding the joint technology cooperation will position India as a hub for AI, data and digital services.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Family of injured driver in murder of Suvendu's aide seeks exemplary punishment
Kolkata (PTI): The family of Buddhabeb Bera, the driver injured in the shooting that killed BJP leader Suvendu Adhikari's close aide Chandranath Rath, demanded exemplary punishment for those responsible and urged the new government to ensure such incidents do not happen in West Bengal.
Rath was shot dead in Madhyamgram near Kolkata on Wednesday night, triggering a political storm in the state. Bera, who was driving the vehicle at the time of the attack, sustained gunshot wounds and is currently undergoing treatment at a private hospital.
Family members said they learned about the incident through television and immediately left for Kolkata.
ALSO READ: Trump says EU has until July 4 to approve last year's trade deal or it will face higher tariffs
"We came to know from TV reports that my nephew had been shot. We still do not know who carried out the attack or why it happened," Buddhabeb's uncle Biswajit Bera said.
"Our only wish now is that he recovers and returns home safely," he added.
Buddhabeb, 25, hails from Majnaberia village in the Chandipur police station area in Purba Medinipur district.
According to family members, he mostly stays in Kolkata for work and visits home occasionally during weekends.
Besides his parents, his younger brother, sister-in-law and several relatives have also travelled to Kolkata following the incident.
Demanding strict action against the perpetrators, the uncle said, "We want the government to conduct a proper investigation and identify those directly involved in the crime. They should be given exemplary punishment so that such incidents do not happen again in West Bengal and no other family has to go through this grief."
A neighbour, Ranjana Ghorai, also sought stringent punishment for those behind the attack.
"In our neighbourhood, we call him Sona. We want exemplary punishment for the people responsible for this incident," she said.
Rath's family members have demanded life imprisonment for the accused, while Adhikari has called for capital punishment for those involved in the killing.
