India-US trade talks progressing, US team in Delhi for negotiations: Goyal
Jaipur (PTI): Commerce and Industry Minister Piyush Goyal on Wednesday said talks with the US on the proposed bilateral trade agreement are progressing.
He said that the US team is in New Delhi for the negotiations.
"Talks are continuously progressing with them. We are moving forward towards a bilateral trade agreement," Goyal told reporters here at the Pravasi Rajasthani Divas. He indicated that he may meet the visiting US official team.
A delegation led by Deputy US Trade Representative (USTR) Rick Switzer is in the national capital for two-day trade talks with his Indian counterpart Rajesh Agrawal.
The US' chief negotiator for the pact, Assistant US Trade Representative for South and Central Asia Brendan Lynch, will hold discussions with India's chief negotiator and Joint Secretary in the Department of Commerce, Darpan Jain.
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The visit is crucial as India and the US are working to finalise the first tranche of the pact. This is the US officials' second trip since the imposition of a 25 per cent tariff and an additional 25 per cent penalty on Indian goods entering the American market due to the purchase of Russian crude oil. The US officials last visited India on September 16.
On September 22, Goyal also led an official delegation to the US for trade talks. He had also visited Washington in May. The talks are also important as Commerce Secretary Rajesh Agrawal had recently stated that India is hopeful of reaching a framework trade deal this year itself, which should address the tariff issue to the benefit of Indian exporters.
While noting that the Bilateral Trade Agreement (BTA) will take time, Agrawal said that India is engaged in protracted negotiations with the US on a framework trade deal that will address the reciprocal tariff challenge faced by Indian exporters.
India and the US are having two parallel negotiations -- one on a framework trade deal to address tariffs and another on a comprehensive trade deal.
In February, leaders of the two countries directed officials to negotiate an agreement. It was planned to conclude the first tranche of the pact by the fall of 2025. So far, six rounds of negotiations have been held. The agreement aims to more than double bilateral trade to USD 500 billion by 2030, from the current USD 191 billion.
The US remained India's largest trading partner for the fourth consecutive year in 2024-25, with bilateral trade valued at USD 131.84 billion (USD 86.5 billion exports).
The US accounts for about 18 per cent of India's total goods exports, 6.22 per cent of its imports, and 10.73 per cent of its total merchandise trade. According to exporters, the agreement is important as India's merchandise exports to the US declined for the second consecutive month in October, falling by 8.58 per cent to USD 6.3 billion due to the hefty tariffs imposed by Washington.
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WB BJP chief urges state admin to act against violence perpetrators irrespective of party colours
Kolkata (PTI): A day after the BJP's sweeping victory in the West Bengal assembly polls, state party president Samik Bhattacharya on Tuesday urged the administration to act firmly against perpetrators of post-poll violence irrespective of political affiliation.
Addressing reporters after a meeting of the party's top leadership at its Bidhannagar office, Bhattacharya said strict action must be taken against those indulging in violence and warned that BJP workers found involved in such activities would be expelled from the party.
"Post-poll violence would not be tolerated in any form. If anyone from our party is found involved, we will be compelled to remove them," he said.
The BJP leader also appealed to Chief Secretary Dushyant Nariala to ensure prompt administrative intervention wherever incidents of violence are reported.
"I would like to urge the administration to take necessary action wherever such incidents occur. This is precisely why the people of West Bengal have chosen the BJP," he said.
Bhattacharya thanked the electorate for the party's emphatic mandate and expressed gratitude to migrant workers who returned to the state to cast their votes despite logistical challenges.
According to party sources, a high-level meeting was held at the BJP's Bidhannagar office on Tuesday, attended by central observers and senior state leaders, to discuss measures to prevent violence and maintain law and order in the post-result scenario.
The discussions also focused on ensuring that there is no repeat of the violence reported after the 2021 assembly elections, when the BJP had accused the ruling Trinamool Congress of targeting its workers.
The BJP has secured 207 of the 293 seats where polls were held, securing a two-thirds majority and paving the way for its first government in West Bengal. The Trinamool Congress has won 80 seats.
Bhattacharya also appealed to party workers to maintain restraint and not let the victory celebrations turn disruptive.
"I urge our workers to remain peaceful, stay happy, and fulfil the responsibilities given by the party. Do not hurt anyone in the name of celebration, and do not hurt anyone's sentiments," he said.
