UK-India FTA omits several key UK interests: House of Lords report

LONDON: A House of Lords select committee has criticised various aspects of the UK-India FTA, saying in order to get the agreement over the line, a number of UK interests were omitted.Whilst the report by the International Agreements Committee says that the FTA with India is “a significant achievement with a formidable negotiating partner”, historically … Read more

India-US trade deal: How New Delhi’s 18% tariff compares with rival nations

India and the United States have agreed on a framework for a bilateral trade deal under which Washington will reduce tariffs on Indian goods to 18% from the current 50%.The announcement is significant as the US had imposed steep duties on Indian exports entering American markets, effective August 27, 2025.In August 2025, Washington announced a … Read more

India-US trade deal promises policy clarity, fuels Indian pharma’s US growth

NEW DELHI: Domestic drugmakers are set to gain clarity under the proposed India-US trade agreement, sharpening expansion plans in the world’s most lucrative pharmaceutical market. While the sector was insulated from punitive US tariffs, the generics business of major companies including Sun Pharma, Dr Reddy’s and Cipla faced significant headwinds in the third quarter ended … Read more

India–US trade deal: New Delhi may scale back Russian oil buys after tariff relief – sources

India will restrict crude oil purchases from Russia and limit imports only to cases where supplies are irreplaceable, as part of a broader understanding reached with the United States to secure lower trade tariffs, sources quoted by news agency PTI claimed.While no immediate blanket ban is planned, Indian refiners will not place fresh orders for … Read more

India-US trade deal: Some key questions that still remain unanswered

India-US trade deal (AI image) India-US trade deal: While the announcement of India-US trade deal brought a welcome relief rally in domestic stock markets and cheered exporters, a lot still remains unknown about the key details of the trade agreement. The biggest takeaway from US President Donald Trump and Prime Minister Narendra Modi’s social posts … Read more

Union Budget 2026-27 shakes up NRI money: What Indians in UAE must do now

India Budget 2026-27: NRI Investment, Property, Remittance Changes for UAE Residents As India’s Union Budget 2026–27 was unveiled on February 01, 2026, NRIs including millions living in the UAE found a mix of relief, opportunities and compliance changes that could reshape how they invest, remit money, sell property and engage with the Indian economy. Read … Read more

FAQs on Trump 18% tariff relief: What does the trade deal mean for India, Russian oil?

At present, the precise terms of the agreement have not been disclosed. (AI image) India-US trade deal: After months of stalemate, India and the US have finalised a trade deal that reduces tariffs imposed on New Delhi to 18%, placing the country at an advantageous position compared to other export competitors like China, Pakistan, Bangladesh, … Read more

No Russian oil, zero tariffs — Trump sets conditions for India-US trade deal

PM Modi-Trump (File photo) US President Donald Trump announced a breakthrough India–US trade deal, unveiling a sharp cut in tariffs on Indian exports to 18% and signalling a fresh momentum in bilateral economic ties. Prime Minister Narendra Modi welcomed the announcement, calling it a boost for cooperation between the world’s two largest democracies.The deal comes … Read more