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Time of India
3 days ago
- Business
- Time of India
India-US trade deal: Fifth round over, India is not budging
India has once again signaled its steadfast approach to international trade negotiations , as the fifth round of talks for the proposed India-US Bilateral Trade Agreement (BTA) concluded in Washington this week. Led by Rajesh Agrawal , India's chief negotiator and Special Secretary in the Department of Commerce, the Indian delegation engaged in four days of deliberations with their American counterparts from July 14 to 17. The return of the negotiating team marks a critical juncture in the ongoing dialogue, which seems to remain mired in unresolved issues. Union Commerce and Industry Minister Piyush Goyal 's firm remarks on Saturday, following the conclusion of this latest round, make it unequivocally clear that India will not be rushed or coerced into finalizing a trade deal that does not align with its national interests. Speaking at a function hosted by ASSOCHAM (Associated Chambers of Commerce and Industry of India), Goyal asserted, 'If India gets a good trade deal, we will go ahead with it. If not, we won't. India always keeps the country's interest first.' Explore courses from Top Institutes in Select a Course Category MBA Project Management Data Analytics Data Science PGDM Digital Marketing Leadership healthcare Others others MCA Operations Management Cybersecurity Public Policy Degree Finance Technology Design Thinking Healthcare Product Management Artificial Intelligence Data Science CXO Management Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details Strategic patience over speed This declaration reiterates a central theme that has characterized India's approach under the current administration: strategic patience over external pressure. Earlier this month, on July 5, Goyal had emphasized that India negotiates from a "position of strength," not according to imposed deadlines, a clear response to the July 9 timeline previously set by US President Donald Trump, which was later pushed to August 1. Goyal's consistent messaging suggests India is uninterested in symbolic or hurried agreements driven by political timelines in Washington. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ringing in The Ears? Do This Immediately! Live Happier Click Here Undo This approach is particularly significant in the current global trade environment , where developed economies, including the US, are looking to restructure key trade relationships in the wake of changing geopolitical dynamics and economic realignments post-COVID and amid ongoing global supply chain shifts. India's posture underscores its growing economic self-assurance. While the US seeks deeper market access in areas such as agriculture, digital trade, intellectual property rights and medical devices, India is focused on securing greater access for its IT services, textiles and pharmaceuticals, while protecting sensitive sectors like agriculture and dairy from potential disruption. Live Events In line with this, India's trade negotiators have reportedly resisted US attempts to extract concessions in sectors where India remains cautious, particularly on agriculture and dairy. By refusing to compromise prematurely, India appears to be echoing its broader trade philosophy which is balancing globalization with the protection of domestic industry and livelihoods. Goyal's recent remarks further reinforce this narrative, portraying a government that remains keen to avoid repeating past mistakes of asymmetrical agreements. 'No negotiation through media' Adding to his resolute tone, Goyal also took a swipe at attempts to influence public opinion during sensitive negotiations. 'I've already mentioned that we don't negotiate through media, we negotiate in the negotiating room. Talks are ongoing, and once the team is back, we will get feedback on the response and the progress,' he told reporters, highlighting New Delhi's disciplined and professional handling of the talks. This was likely in response to leaked or unofficial reports attempting to project the US as driving progress while India remains hesitant. This statement can be interpreted as a subtle critique of Washington's pressure tactics, including setting public deadlines and possibly shaping narratives through the media. India's choice to avoid reactive diplomacy and instead stick to official channels is consistent with its desire to maintain autonomy and dignity in international dealings. What lies ahead While the fifth round of talks has concluded, both sides seem to have left the door open. India is expected to analyze the outcomes internally and recalibrate its strategy accordingly. Yet, what is increasingly clear is that India is not desperate for a deal. As Minister Goyal's statements suggest, the current government is not interested in optics but in substance, a fair and mutually beneficial agreement. In a world increasingly shaped by economic nationalism and realpolitik, India's measured and self-assured stance may set a template for other emerging economies negotiating with larger powers. By refusing to blink in the face of deadlines and media narratives, India is not just negotiating a trade deal, but reaffirming its position as a sovereign and assertive player in the global economic order. India's response after the fifth round of the India-US BTA talks reflects a firm, principle-driven approach to trade negotiations. Minister Goyal's reiteration that 'India always keeps the country's interest first' is not just rhetoric but a policy stance backed by a clear track record. Whether or not a deal is signed by August 1, India's message is clear: deals will be made on its terms, not under pressure.
NDTV
4 days ago
- NDTV
Mumbai's Iconic 'Van Rani' Toy Train To Return To Sanjay Gandhi National Park
After a four-year gap, Mumbai's beloved mini train, fondly known as "Van Rani" (Queen of the Jungle), is all set to return to the tracks of Sanjay Gandhi National Park (SGNP), rekindling nostalgia for generations of Mumbaikars and nature enthusiasts. Sprawling across 106.95 sq km in the heart of Mumbai, SGNP is reviving this iconic Mini Toy Train, which was discontinued after Cyclone Tauktae caused severe damage in 2021. Originally launched in 1974, the train has been a cherished attraction for over 50 years, delighting children, families, and tourists alike. Now, under a major redevelopment initiative, the Van Rani is being brought back, refreshed, revitalised, and ready to roll. The effort is being led by Union Commerce and Industry Minister Piyush Goyal, and Maharashtra Forest Minister Ganesh Naik, with critical support from the Ministry of Railways. What's New with Van Rani? Track Overhaul The entire 2.3 km route has been relaid, and all 15 bridges along the track have been reconstructed, ensuring a safe and smooth ride for visitors. Modern Coaches A brand-new toy train unit has been added to the SGNP fleet. Trial runs began on June 30, and a successful full-capacity test was conducted on July 5, showcasing the readiness of the system. Upgraded Stations Krishnagiri Station has completed work on its building, platform, and accessibility ramps. Final touches are underway. Teenmurthy Station has a completed platform, and its station shed is expected to be ready by July 25. New Attractions The new Van Rani will offer more than just a ride. Passengers can enjoy educational panels on wildlife, panoramic views of the Deer Park, and an immersive journey through SGNP's rich biodiversity, adding a fresh dimension to the experience. Expected Completion: End of July 2025 The relaunch of Van Rani not only revives a treasured piece of Mumbai's cultural heritage but also aims to boost eco-tourism and inspire younger generations to connect with nature. With its official reopening just weeks away, the Forest Department is gearing up to welcome visitors, young and old, to relive memories and make new ones aboard the beloved jungle queen.
Hans India
6 days ago
- Business
- Hans India
Madhya Pradesh gets second position in ODOP 2024 awards
Bhopal: Madhya Pradesh has earned national acclaim by securing the silver award in the State and Union Territory category at the One District One Product (ODOP) Awards 2024. The honour was presented by Union Commerce and Industry Minister Piyush Goyal during a ceremony at Bharat Mandapam in New Delhi. Representing the state, Ruhi Khan, Deputy Secretary of the Department of Industries, Commerce and Investment Promotion Policy, received the award. State Chief Minister Mohan Yadav, who is in Spain to showcase the potential in Madhya Pradesh, said, 'I am delighted to share that Madhya Pradesh has secured second position among all states and union territories for the National ODOP Award 2024 in Bharat Mandapam, New Delhi. I want to dedicate this recognition to all those farmers, artisans and artists who made it possible to get this recognition at the national level.' The recognition highlights Madhya Pradesh's effective implementation of the ODOP scheme, which aims to promote district-specific products through branding, employment generation, and support for rural and urban entrepreneurship. The initiative has helped local products transition from regional markets to global platforms, with a growing network of grassroots exporters and artisans. Under the ODOP scheme, several products from Madhya Pradesh have gained Geographical Indication (GI) tags, boosting their international demand. These include Chanderi sarees, Bagh prints, Kadaknath chicken, Chinour rice, and Ratlami sev. The scheme has also elevated the profile of agricultural and handicraft items, improving the livelihoods of producers across the state. Districts such as Burhanpur, Raisen, and Balaghat have emerged as key contributors, with high-quality bananas, aromatic basmati rice, and Chinour rice gaining national and international recognition. The state's efforts have positioned these products as symbols of economic progress and export potential. ODOP Walls showcasing Madhya Pradesh's products have been established in global cities including Singapore, New York, Vancouver, Milan, Kuwait, Bahrain, and Japan. Retail availability in outlets like Mustafa Centre and Centre Point Mall in Singapore further reflects the scheme's success in reaching international consumers. The ODOP initiative operates across all districts of Madhya Pradesh, encompassing a diverse range of items such as green vegetables, coarse grains, handlooms, handicrafts, and artisanal tools. Of the 19 GI-tagged products from the state, seven are part of the ODOP scheme. Between April 1 and June 11, 2024, the National Awards Portal received 641 applications for the ODOP Awards, including 587 from districts, 31 from states and union territories, and 23 from Indian missions abroad. Madhya Pradesh's silver award stands as a testament to its growing stature in the global marketplace.
Time of India
13-07-2025
- Business
- Time of India
Piyush Goyal highlights key engagements across banking, MSMEs, aerospace, and infrastructure, ET Manufacturing
Advt — PiyushGoyal (@PiyushGoyal) Union Commerce and Industry Minister Piyush Goyal shared key developments from the past week, reflecting the government's continued push to strengthen India's trade, industrial, and infrastructure a high-level meeting with the Chairman of State Bank of India , along with top executives from other major banks, ECGC Ltd., and senior ministry officials, the minister reviewed the status of export credit and explored new opportunities to bolster India's export financing a visit to Srinagar, Goyal met with delegations from the Kashmir Chamber of Commerce & Industry and the MSME Development Forum 's Kashmir Chapter, reinforcing the government's commitment to empowering local also interacted with stakeholders from the Jammu & Kashmir Fruits and Vegetable Processing and Integrated Cold Chain Association, focusing on the potential of agri-value chains in the Bengaluru, the minister toured key units at the Karnataka Industrial Areas Development Board (KIADB) Aerospace SEZ in Devanahalli. He visited Unimech Aerospace Manufacturing Ltd. and Safran HAL Aircraft Engines Pvt. Ltd., highlighting India's growing capabilities in aerospace manufacturing and Make in India initiatives."A review meeting was held to address key issues affecting major infrastructure projects in Gujarat and Rajasthan through the Project Monitoring Group (PMG) mechanism," Minister a review meeting through the Project Monitoring Group (PMG) was held to resolve critical issues impacting major infrastructure projects in Gujarat and Rajasthan, aiming to accelerate execution timelines and remove investment engagements underscore the ministry's multi-sector approach to boosting industrial growth, regional development, and export competitiveness.
Time of India
12-07-2025
- Business
- Time of India
'Neighbour's envy, owner's pride': Goyal recalls iconic TV ad punchline to hail PM's India vision
Union Minister Piyush Goyal on Saturday opted for the iconic television brand punchline "neighbour's envy, owner's pride" to describe Prime Minister Narendra Modi 's vision of India that encompasses bold economic and developmental initiatives. PM Modi is determined to make India stand tall with pride and admired globally, which will be everyone's envy, the Union Commerce and Industry minister told reporters here. "We want to build a nation that others will look at with envy and will fill us with pride. Do you recall that TV advertisement with the tagline 'neighbour's envy, owner's pride'? That is the kind of India PM Modi is committed to building. His governance has opened up a wealth of opportunities for the country's youth across sectors ranging from self-employment and entrepreneurship to startups and business ventures," Goyal said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 이 게임은 대부분의 TV 프로그램보다 더 재미있어요 – 게다가 무료예요. Raid: Shadow Legends 플레이하기 Undo Schemes like Make in India , Atmanirbhar Bharat , Startup India , Stand Up India or Digital India are all helping India integrate with the world, he said. "Our youths are getting increasingly connected to the nation's economy. India is now among the world's top five economies. In the next two-and-half years, we will become the world's third largest economy. The youth will be the driving force behind this achievement. That is the core message given by PM Modi today," the Mumbai North Lok Sabha MP said. Live Events Attacking the opposition, he said the public was rejecting parties indulging in negativity and failing to focus on national development . "It is a failed opposition. They seem more interested in having a negative mindset than thinking about the country's progress. People do not accept that," Goyal said while responding to a question on the opposition's role. Speaking on ' Maratha Military Landscapes ' being inscribed in the UNESCO World Heritage List, Goyal said it will lead to people from across the world visiting these sites, resulting in a boost to tourism. The 12 components of 'Maratha Military Landscapes' feted by UNECSO on Friday are Salher Fort, Shivneri Fort, Lohgad, Khanderi Fort, Raigad, Rajgad, Pratapgad, Suvarnadurg, Panhala Fort, Vijay Durg, Sindhudurg in Maharashtra and Gingee Fort in Tamil Nadu, all associated with the legendary Chhatrapati Shivaji Maharaj. "I used to hike at Raigad and Lohagad. Now, today's youth will also connect with these historic sites. Chhatrapati Shivaji Maharaj's life continues to inspire and this inspiration will reflect in the career journeys of the youth," Goyal asserted.
