Page 88 - India

India, US to discuss GSP restoration issue to find solution: Piyush Goyal

India and the US have agreed to discuss New Delhi's demand for restoration of GSP benefits to domestic exporters and now both sides will commence discussions to find a solution, Commerce and Industry Minister Piyush Goyal said on Friday. The previous Trump administration in the US revoked the Generalized System of Preferences (GSP) from India in 2019. The GSP allows eligible developing countries to export duty-free goods to the US. About 1,900 Indian products from sectors such as chemicals and engineering were getting duty-free access to the US market under the GSP, introduced in 1976. The joint statement issued after the meeting of Prime Minister Narendra Modi and US President Joe Biden in Washington said that India has highlighted its interest in the restoration of its status under the US Generalized System of Preferences programme, which could be considered in relation to eligibility criteria determined by the US Congress. The leaders supported intensifying the work to advance .

India bridging gap between Global South, developed countries: Expert

PM Modi in various global conferences led by India, has steadily focussed on India's yearning to engage in dialogue with major powers such as the United States and Europe

India is the home to all faiths in world: Modi at joint sitting of Congress

Speaking about Indian diversity, he said, We have over 2500 political parties...About 20 different parties govern various states of India

India only G20 country that fulfilled promises on climate change: PM Modi

India is the only G20 country that has fulfilled all the promises it made in Paris on climate change, Prime Minister Narendra Modi said on Thursday, asserting that India will not only fulfil its responsibilities but will also help others including the US in this critical area. The Prime Minister was referring to obligations under the 2015 Paris Agreement. As far as India is concerned, the environment, and climate, are extremely important in our cultural traditions for us. The environment is an article of faith. This is not just something that we need to do for convenience. We believe this. We do not believe in the exploitation of nature., Modi said in response to a question by PTI at a joint news conference with President Joe Biden in the East Room of the White House. In order for all of creation to work, we can make nature -- we cannot have exploitation of nature and we have always believed this," he said. And on the basis of these values, India is not only doing things for itself

Institutions in both countries based on democratic values, says PM Modi

The societies and institutions of both the US and India are based on democratic values and both countries take pride in their diversity, Prime Minister Narendra Modi said at the ceremonial welcome at the White House ahead of his official talks with US President Joe Biden. The constitution of both countries begins with the "three words -We the People- as President Biden just mentioned", said Modi, who is on his first state visit to the US. Thanking Biden, his wife Jill Biden and the US administration for a warm and grand welcome, Modi said this is the first time the gates of the White House have been opened for Indian-Americans in such large numbers. "This grand welcome ceremony at the White House today is an honour and pride for the 1.4 billion people of India. It is also an honour for more than 4 million people of Indian origin in the US," Modi said. He said both countries take pride in their diversity, and "both of us believe in the fundamental principle of 'In the interest of al

US to introduce in-country hassle-free renewable for H-1B visa: Official

The US is set to introduce in-country renewable H-1B visas, a significant decision that would help thousands of Indian professionals in staying in the country to continue with their jobs without the hassle of travelling overseas for the renewal of their work visas. This is part of the people-to-people initiative, a senior administration official said ahead of the bilateral meeting between Prime Minister Narendra Modi and President Joe Biden at the White House here on Thursday. The much-sought-after H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China. The United States last year issued 125,000 visas to Indian students, which is a record and they are on pace to become the largest foreign student community in the United States with a 20 per cent increase last ye

Applied Materials to invest $400 mn in India for new engineering center

Indian Prime Minister Narendra Modi had met with the company's CEO Gary Dickerson in Washington on Wednesday and invited Applied to strengthen the chip industry in the country

Mercedes-Benz accelerating drive to bring top-end vehicles to India

German luxury carmaker Mercedes-Benz is accelerating its drive to bring top-end vehicles priced above Rs 1 crore to India, with demand even from non-metros growing at an accelerated pace, according to a senior company official. The company, which on Thursday launched the premium new AMG SL55 MATIC+ roadster model with prices starting at Rs 2.35 crore ( all India ex-showroom) -- its fifth launch of the year -- will bring another model in the top-end vehicles (TEVs) segment, which account for 25 per cent of its total sales in India. The Mercedes-Benz SL55 4MATIC+ features a petrol V8 engine with twin turbo charge and offers a top speed of 295 km/hour, the company said. "The non-metros, from a percentile basis are even bigger than metros but their base is small...Metros still contribute close to 70 per cent (of TEV sales) and the balance 30 per cent comes from non-metros...," Mercedes-Benz India MD & CEO Santosh Iyer told PTI here in an interview. Still, he said the contribution ..

Air conditioning in India can raise emissions by 120 mn tonnes by 2050

The increasing use of air conditioners in India could lead to a rise in emissions by as much as 120 million metric tonnes by 2050, according to a study. The research, published in the journal Scientific Reports, is the first to illustrate the impacts of climate change on the demand for air conditioners and electricity for cooling in Europe and India. Between now and 2050, with the current fuel mix, there is a risk of a mismatch between what is done for adaptation and mitigation, with increased emissions as a result, the researchers said. The rush to buy new air conditioners in the residential sector and the resulting increased use of electricity associated will characterise both relatively richer but more temperate European countries, and relatively poorer but warmer Indian states, they said. The study estimates that by 2050, under an over 2-3 degrees Celsius warming forecast, air-conditioning uptake could double in Europe and grow fourfold in India, reaching about 40 per cent of .

Sri Lankan Navy arrests 22 Indian fishermen, seizes their boats

The Sri Lankan navy arrested 22 Indian fishermen for allegedly fishing in their waters. The fishermen were arrested from near Neduntheevu late on Wednesday

PM Modi in US: India, US launch defence acceleration ecosystem Indus-X

The Indus-X seeks to "expand the strategic technology partnership and defence industrial cooperation" between US and India

Prez Biden, PM Modi to announce deal on 'Reaper' armed drones: White House

Prime Minister Narendra Modi and US President Joe Biden will on Thursday announce a mega deal on the purchase of General Atomics MQ-9 "Reaper" armed drones by India, the White House has said, a move which would further bolster India's national security and surveillance capabilities not only in the Indian Ocean but also along the frontier with China. The General Atomics MQ-9 "Reaper" can carry 500 per cent more payload and has nine times the horsepower in comparison to the earlier MQ-1 Predator. Moreover, MQ-9 UAV provides long-endurance, persistent surveillance, and strike capability for the warfighter. The General Atomics MQ-9 "Reaper" has an endurance of over 27 hours, speeds of 240 KTAS, can operate up to 50,000 feet, and has a 3,850 pound (1,746 kilogrammes) payload capacity that includes 3,000 pounds (1,361 kilogrammes) of external stores, according to General Atomics Aeronautical Systems (GA-ASI). With regards to the Sea Guardian, Yes. I think that's going to be announced by t

Musk eager to bring satellite broadband 'Starlink' to India, Ambani resists

Starlink is at odds with Reliance over the government's distribution of satellite broadband spectrum, setting the stage for a battle between two of the world's richest men for satellite services

Subtle shift in India's position on Ukraine and Russia: US official

The United States has experienced a subtle shift in India's position on Ukraine and Russia, the Biden Administration said on Wednesday, on the eve of Prime Minister Narendra Modi's high-level talks with President Joe Biden at the White House. Since the Ukraine conflict began in February last year, Modi spoke to Russian President Vladimir Putin as well as Ukrainian President Volodymyr Zelenskyy a number of times during which he insisted that the conflict should be resolved through dialogue and diplomacy. "What you have seen in the last several months is a subtle shift in the Indian position on the war in Ukraine that started last summer, almost a year ago in August with Prime Minister Modi saying to President Putin to his face that now is not the era for war, a senior State Department official told reporters. In September, External Affairs Minister S Jaishankar said at the UN that the war must be ended through diplomacy and according to the UN Charter and its founding principles. Th

Rishi Sunak hails IndiGo-Airbus pact as major win for UK aerospace sector

IndiGo and Airbus announced a purchase agreement earlier this week for 500 A320 family aircraft, making it one of the largest aircraft purchases by an airline in civil aviation history

Wheat output 10% lower than govt estimate amid sharp price rise: Trade body

Farmers start harvesting wheat from March, selling most of their crop to state agencies and private traders by June

Russian oil import scales new high of 1.95 mn barrels per day in May

India, the world's third biggest oil consumer and importer, buys more than 80% of its oil from overseas markets

PM Modi's US visit may encourage more American firms to invest in India

The United States is the third largest source of foreign investment for India, with over $60 billion invested between 2000 and 2023, according to official data

Record plane orders raise stakes in India's aviation boom: Report

Indian budget airline IndiGo announced at the Paris Airshow on Monday the biggest ever plane order by number of aircraft with a deal for 500 Airbus narrowbody jets

No doubt India-US will have momentous future together: Michigan Governor

PM Modi is in the United States for his historic State visit at the invitation of US President Joe Biden and first lady Jill Biden