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Time of India
2 hours ago
- Time of India
FTA momentum: Piyush Goyal confirms Oman deal ‘almost finalised'; talks with EU, US & others also moving fast
India's Free Trade Agreement (FTA) with Oman is at an advanced stage and nearly finalised, Union Commerce and Industry Minister confirmed on Saturday. He also noted that negotiations with the European Union, United States, Peru, and Chile are progressing rapidly and making 'fast progress'. Tired of too many ads? go ad free now 'We are in negotiations at an advanced stage with Oman. It is almost finalised,' said Goyal, as per news agency ANI. A t a press conference, Goyal highlighted India's recent track record in concluding major trade agreements with developed economies. These include FTAs with Mauritius, Australia, and the four-nation European Free Trade Association (EFTA) bloc — Switzerland, Norway, Liechtenstein, and Iceland. He also spoke about the recently signed India-UK Comprehensive Economic and Trade Agreement (CETA), calling it 'very comprehensive,' with 30 chapters. The agreement, signed during Prime Minister Narendra Modi's two-day visit to the UK, is aimed at enhancing trade flows and deepening economic cooperation. According to the UK government, India's average tariffs on UK goods will drop from 15% to 3% under the new FTA, potentially boosting bilateral trade to $120 billion by 2030. "The goods and services that India provides to the world have high quality and cost competitiveness," Goyal said. He added that these FTAs underscore India's rising importance on the global economic stage. Regarding the proposed trade pact with the US, Goyal said discussions are progressing fast, with the next round of talks expected in August. As per news agency PTI, the two countries aim to finalise the first tranche of their bilateral trade agreement by fall, targeting a trade volume of $500 billion — more than double the current figure of $191 billion. Tired of too many ads? go ad free now However, trade negotiations with the US involve complex issues, particularly around agricultural and dairy products, where India has so far resisted granting duty concessions. India is also pressing for reduced tariffs on steel, aluminium, automobiles, and a range of labour-intensive sectors like textiles, gems and jewellery, and chemicals. Goyal emphasised that the government's goal is to 'expand frontiers of India's international trade' and strengthen investor confidence. 'Each [FTA] is getting its requisite attention,' he added, pointing to parallel talks with countries like New Zealand and Chile.
Time of India
5 hours ago
- Time of India
‘Will hurt their international trade': Piyush Goyal warns of blowback over carbon tax; says EU may hurt itself more
Union commerce and industry minister on Saturday said the 's Carbon Border Adjustment Mechanism (CBAM) is likely to harm European industries more than its intended targets, including India. Tired of too many ads? go ad free now 'There is a lot of opposition to CBAM in the EU also. EU's infrastructure will become costlier. EU's housing will become costlier. EU's cost of manufacturing will become costlier, which will hurt their ,' Goyal said at a press conference. As per news agency ANI, he added that this could actually create more export opportunities for India due to its competitive manufacturing base. Goyal also noted the growing discontent against CBAM among European business leaders. 'When I go to different countries in Europe and I criticise CBAM, all the industry players, CEOs of very large companies, come up to me and thank me. They say you speak like you are our minister,' he said. Emphasising Prime Minister Narendra Modi's principle of converting challenges into opportunities, Goyal assured that India is fully capable of responding if export interests are harmed. 'We are a sovereign and very powerful nation today, so if anybody hurts our export interest, we will react and retaliate or rebalance,' he said. Goyal also confirmed that the India-UK Free Trade Agreement (FTA), signed on Thursday during 's visit to London, has made strong progress across sensitive areas like gender, environment and intellectual property. 'We have protected all the sensitive sectors of India vis-à-vis the UK... Dairy, rice and sugar, we have not opened for the United Kingdom,' he said. He added that the FTA ensures 99% preferential or zero-duty access for Indian exports to the UK, making it a 'phenomenal' deal that offers both stability and new investment opportunities. Tired of too many ads? go ad free now 'It will not only support export of goods and services, but will also bring a stable, predictable and secure framework in which India can become a trusted partner for the UK's supply chains,' he said. The agreement is part of India's broader goal to double bilateral trade with the UK to $120 billion by 2030. As per news agency PTI, India has also secured an understanding through diplomatic communication (note verbale) to safeguard its interests in case the UK implements a carbon tax in the future. If such a tax affects India's trade benefits under the FTA, the country will retain the right to take countermeasures, including withdrawing concessions.
Indian Express
9 hours ago
- Indian Express
I tried Gemini on my Galaxy Watch, and it completely changed how I use my phone
A few weeks ago, Google announced that it is rolling out Gemini to WearOS-powered smartwatches from Pixel, Samsung, Oppo and OnePlus. The much-anticipated update brought Gemini to my wrist, which meant I no longer had to pull out my phone from my pocket to use the AI assistant. I have been playing around with Gemini on my Galaxy Watch 6 Classic for a few days. From simple AI summaries to comparing products online, Google Gemini turned out to be a fun and useful assistant. Here's a look at how the wrist-friendly version of Google's AI assistant became a daily essential for me. Gemini is already available on devices like smartphones, select headphones and earphones, but using the AI chatbot from my wrist felt more natural since it is just one press away. This meant that I could use Gemini while riding my bike, walking, running, and even in the middle of my lunch, without having to worry about the smartphone getting greasy. The compact form factor of the smartwatch and voice-enabled AI allows you to use it anytime, even when munching on your favourite snack. Unlike smartphones with their large displays, the smaller screen promises carefree usage, and I found myself using Gemini more than I would on my flip phone. Powered by the same large language model as the phone and web versions of the AI chatbot, the smartwatch version of Gemini can do a lot of things. Previously, when roaming around the streets of Delhi, I had to stop and use the watch screen to set up navigation or get information about nearby places. But ever since Google brought Gemini to my wrist, I have been able to accomplish these with a single tap on the home button. If you are someone like me and find it hard to use the small smartwatch screen, Gemini can completely change the way you use your wearable on a daily basis. Also, I have the LTE version of the Galaxy Watch 6 Classic, which means I can use Gemini even when I don't have my phone with me. If you happen to own a Wi-Fi-only watch, keep in mind that Gemini will need your smartwatch to be connected to your phone at all times. The WearOS version of Gemini can do a lot of things that previously required you to either open the app or take out your smartphone. For example, you can ask Gemini to summarise your emails from Gmail, which is a lifesaver if you are someone who gets a ton of emails every day. What's more impressive is that Gemini can also help you create, edit, and delete Google Keep notes. Gemini can also remember those tiny details we often miss out. Like, you can tell the AI chatbot to 'Remember that I parked my bike on level 2, pillar number 27' and even get timely reminders by telling it to 'go to the grocery store after work.' And, yes, you can also ask the AI chatbot to set reminders, alarms, make phone calls, send messages and even start timers. These features are so useful for me that I no longer use my phone to do these basic tasks. However, the most impressive thing about the WearOS version of Gemini is that it can also do things you would normally use an AI chatbot for. I asked Gemini to compare the OnePlus 13 with the Galaxy S25, and not only did it quickly answer my query, but also let me ask follow-up questions like 'Where can I buy these phones from?'. 'How much do they cost?' and more. In the last few days, I have noticed that my smartphone usage has drastically reduced, and while much of it can be attributed to my phone's form factor (I use a flip phone), some of it is because I can use Gemini to perform certain actions directly from my wrist. Without a doubt, the WearOS version of Gemini is impressive, but it does have some limitations. The biggest one for me is that Gemini cannot read out notifications from my phone, nor can it make calls to WhatsApp contacts. Another area where Gemini falls short of expectations is when I asked to open apps on my smartwatch. Sometimes, it quickly launches the app I asked it to open, but most of the time, it struggles to get the name right and says that I have no such app. While these are snakk annoyances, I hope Google fixes them and improves Gemini's WearOS integration. Anurag Chawake is a Senior Sub-Editor at His fascination with technology and computers goes back to the days of Windows 98. Since then, he has been tinkering with various operating systems, mobile phones, and other things. Anurag usually writes on a wide range of topics including Android, gaming, and PC hardware among other things related to consumer tech. His Twitter, Instagram, Facebook and LinkedIn user name is antechx. ... Read More
