Economy

India-US Trade Deal: US President Donald Trump announced a deal with India last week to cut US tariffs on Indian goods to 18% from 50% in exchange for India halting purchases of Russian oil and lowering trade barriers.

India-US Trade Deal: US President Donald Trump announced a deal with India last week to cut US tariffs on Indian goods to 18% from 50% in exchange for India halting purchases of Russian oil and lowering trade barriers.

AEPC Chairman Dr A Sakthivel says the India-US trade deal could boost textile exports, supply chains and the entire value chain for exporters.

This framework reflects the growing depth, trust and dynamism of our partnership, PM Modi said.

India-US Trade Deal: Both countries released a joint statement early morning on Saturday, Feb. 7, to unveil an interim trade deal framework after Trump announced that the trade deal tariff rate for India is lowered to 18% from the earlier 50%.

India and the US announced that they have reached a framework for an interim trade agreement. Under this, the US will reduce tariffs on Indian goods to 18 per cent from the earlier 50 per cent.

India has intended to purchase $500 billion worth of US goods over the next five years, among other things

United States has committed to a series of easing measures, including the reduction of tariffs to 18% to key Indian sectors.

Washington said it will continue to hold Tehran and its partners accountable so long as the regime seeks to evade sanctions and channel oil revenues into oppressive behavior, terrorism, and support for proxy groups.

India is expected to hold adequate stocks to meet domestic demand until the crushing of a larger crop begins in October.

The report also showed consumers grew more sanguine about the short-term inflation outlook.

Under the proposed transaction, the government plans to divest a 30.48% stake in IDBI Bank, valued at around Rs 36,000 crore.

As tariffs redefine global commerce, NDTV Profit Conclave will discuss "Indias real deal" with Finance Minister Nirmala Sitharaman and Commerce Minister Piyush Goyal.

The upcoming revision in dearness allowance would be the first since the 8th Pay Commission was formally setup.

The RBI's six-member Monetary Policy Committee, led by Governor Sanjay Malhotra, has decided to keep the repo rate unchanged at 5.25%, just as markets expected.

RBI introduces compensation of up to Rs 25,000 for victims of small-value fraudulent digital transactions to boost trust in digital payments amid rising fraud.

The brokerage also noted that upward revisions to GDP and CPI for the first half of FY27 strengthen the case for policy stability.

The new series of CPI (base year 2024) is to be released on Feb. 12, 2026. The new series of GDP (base year 2022-23) is slated for release on Feb 27, 2026.

The pause in RBI policy rates comes after a cumulative 125 basispoint reduction since February 2025, a cycle aimed at supporting economic recovery amid evolving global and domestic conditions.

The decision was largely anticipated, with 34 out of 39 economists polled by Bloomberg correctly predicting the hold.