Latest news with #Prasada
Economic Times
10 hours ago
- Business
- Economic Times
Five rounds of India-US trade talks held so far: Centre
New Delhi: India-US Bilateral Trade Agreement (BTA) negotiations were launched in March 2025, with five rounds held so far -the most recent from July 14-18 in Washington, Minister of State for Commerce and Industry Jitin Prasada told the Lok Sabha in a written reply on Tuesday. The two countries aim to negotiate the first tranche of a mutually beneficial, multi-sector BTA by fall 2025. The US has imposed a 25% tariff on automobile imports and certain auto parts from all countries, including India. These tariffs took effect on April 3, 2025, for automobiles, and on May 3, 2025, for auto parts. "India has taken requisite steps to reserve all its rights consistent with the provisions of WTO Agreements," Prasada added. In a separate reply, the Lok Sabha was informed that the US has not yet imposed any additional tariffs specifically on BRICS countries. "While the US had announced a reciprocal tariff of 26% on certain Indian exports, including seafood, this has not been implemented. Currently, the US has imposed an additional 10% duty on seafood imports, regardless of country of origin - including those from India and Ecuador," Prasada said. He added that the government remains committed to supporting India's seafood sector through sustained diplomatic engagement and policy support.
Time of India
10 hours ago
- Business
- Time of India
Five rounds of India-US trade talks held so far: Centre
New Delhi: India-US Bilateral Trade Agreement (BTA) negotiations were launched in March 2025, with five rounds held so far -the most recent from July 14-18 in Washington, Minister of State for Commerce and Industry Jitin Prasada told the Lok Sabha in a written reply on Tuesday. The two countries aim to negotiate the first tranche of a mutually beneficial, multi-sector BTA by fall 2025. The US has imposed a 25% tariff on automobile imports and certain auto parts from all countries, including India. These tariffs took effect on April 3, 2025, for automobiles, and on May 3, 2025, for auto parts. "India has taken requisite steps to reserve all its rights consistent with the provisions of WTO Agreements ," Prasada added. In a separate reply, the Lok Sabha was informed that the US has not yet imposed any additional tariffs specifically on BRICS countries. "While the US had announced a reciprocal tariff of 26% on certain Indian exports, including seafood, this has not been implemented. Currently, the US has imposed an additional 10% duty on seafood imports, regardless of country of origin - including those from India and Ecuador," Prasada said. He added that the government remains committed to supporting India's seafood sector through sustained diplomatic engagement and policy support. Explore courses from Top Institutes in Please select course: Select a Course Category Design Thinking MCA Leadership Public Policy Healthcare others Others CXO Finance Management Data Analytics Degree Product Management Artificial Intelligence PGDM MBA Operations Management Digital Marketing Technology Data Science Cybersecurity Data Science Project Management healthcare Skills you'll gain: Duration: 25 Weeks IIM Kozhikode CERT-IIMK PCP DTIM Async India Starts on undefined Get Details Skills you'll gain: Duration: 22 Weeks IIM Indore CERT-IIMI DTAI Async India Starts on undefined Get Details
Time of India
12 hours ago
- Business
- Time of India
Govt approves financial support for 23 companies to develop chipsets: MoS IT
Academy Empower your mind, elevate your skills The government has approved financial support for 23 companies to develop chipsets under the design-linked incentive scheme , Parliament was informed on of State for Electronics and IT, Jitin Prasada, in a written reply to Lok Sabha , said that 10 companies have raised venture capital (VC) funding for scaling up their design prototypes for commercialisation, and six companies have successfully taped out their prototype designs at advanced and mature technology nodes of various semiconductor foundries."72 domestic companies have been approved under the DLI Scheme for access to state-of-the-art Electronic Design Automation (EDA) tools. These companies are at different stages of developing semiconductor designs for various applications. Out of these, 23 companies have also been approved for financial support for developing SoCs for surveillance cameras, energy meters, microprocessor IPs, networking applications etc," the minister said that the DLI scheme provides financial incentives of up to 50% of eligible costs, with a ceiling of Rs 15 crore per application for design prototyping, scaling-up and volume production."To enable companies to deploy and commercialise their Intellectual Property (IP) cores, chips, and System-on-Chip (SoC) solutions, the scheme offers financial incentives ranging from 6 to 4% of net sales turnover, up to Rs 30 crore per application over five years," Prasada said.
News18
12 hours ago
- Business
- News18
Govt approves financial support for 23 companies to develop chipsets: MoS IT
New Delhi, Jul 30 (PTI) The government has approved financial support for 23 companies to develop chipsets under the design-linked incentive scheme, Parliament was informed on Wednesday. Minister of State for Electronics and IT Jitin Prasada, in a written reply to Lok Sabha, said that 10 companies have raised venture capital (VC) funding for scaling up their design prototypes for commercialisation, and six companies have successfully taped out their prototype designs at advanced and mature technology nodes of various semiconductor foundries. '72 domestic companies have been approved under the DLI Scheme for access to state-of-the-art Electronic Design Automation (EDA) tools. These companies are at different stages of developing semiconductor designs for various applications. Out of these, 23 companies have also been approved for financial support for developing SoCs for surveillance cameras, energy meters, microprocessor IPs, networking applications etc," the minister said. He said that the DLI scheme provides financial incentives of up to 50 per cent of eligible costs, with a ceiling of Rs 15 crore per application for design prototyping, scaling-up and volume production. 'To enable companies to deploy and commercialise their Intellectual Property (IP) cores, chips, and System-on-Chip (SoC) solutions, the scheme offers financial incentives ranging from 6 to 4 per cent of net sales turnover, up to Rs 30 crore per application over five years," Prasada said. PTI PRS PRS MR (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 30, 2025, 22:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Hindu
14 hours ago
- The Hindu
Firm action needed to prevent human trafficking: District Legal Services Authority Secretary
District Legal Services Authority (DLSA) Secretary K. Ratna Prasada on Wednesday (July 30) described human trafficking a grave and organised global crime. He was addressing a gathering on the occasion of World Day Against Trafficking in Persons. He pointed out that economic disparity, social inequality and increasing digital vulnerabilities are key factors contributing to this crime, which continues to devastate countless lives across the globe. Mr. Prasada stressed that traffickers often deceive victims, especially from marginalised communities, with false promises of jobs or marriage, only to trap them in forced labour or sexual exploitation. He called for community vigilance and warned against trusting strangers who make dubious offers. He outlined a multi-pronged approach to effectively tackle human trafficking, including strengthening coordination between police, border security and international agencies; increasing surveillance at vulnerable transit points; leveraging digital tools for anonymous reporting; conducting regular awareness drives at grassroots level and ensuring rehabilitation and legal aid for rescued victims. The seminar, jointly organised by the DLSA-Eluru and the Child Rights Advocacy Foundation at the District Court Complex, brought together judicial officers, law enforcement officials, social workers and representatives from various welfare departments.
