
India-US likely to take final decision on mini trade deal within 48 hours, CNBC-TV18 reports
Tired of too many ads?
Remove Ads
India and the United Sates are likely to make a final decision on a mini trade deal in the next 24 to 48 hours, local Indian news channel CNBC-TV18 reported on Sunday, citing sources.Currently, talks have only been completed on the mini trade deal and negotiations on a larger deal will begin after July 9, the news channel said in a post on X.Average tariffs under the mini trade deal are expected to be 10%, the broadcaster said, citing unnamed sources.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
42 minutes ago
- Time of India
India's apparel, footwear exports to gain as US hikes tariffs on rival nations: Exporters
India's export sectors such as apparel and footwear are expected to gain a competitive edge in the US market following Washington's decision to impose higher tariffs on over a dozen countries, including Bangladesh and Thailand, exporters said. On Monday the Donald Trump administration announced a 25 per cent tariffs on Japan, South Korea, Kazakhstan, Malaysia, Tunisia; 30 per cent on South Africa, Bosnia and Herzegovina; 32 per cent on Indonesia; 35 per cent on Bangladesh, Serbia; 36 per cent Cambodia, Thailand; and 40 per cent tariffs on Laos and Myanmar. These duties will come into effect from August 1. Play Video Play Skip Backward Skip Forward Mute Current Time 0:00 / Duration 0:00 Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions and subtitles off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Baghdad: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo Bangladesh is the third biggest exporter of apparel (not knitted or crocheted) to the US with a market share of 13.15 per cent in 2024. India's exports to the US in this sector was USD 2.5 billion but it is not among the top three, according to an analysis by economic think tank Global Trade Research Initiative (GTRI). Live Events In apparel knitted and crocheted, Cambodia with about 6 per cent share is ahead of India (5.09 per cent). "India faces stiff competition from Bangladesh and Vietnam in the US garment market. High duties on Bangladesh will help enhance competitiveness of Indian products in the US market," an exporter said. Federation of Indian Export Organisations (FIEO) President SC Ralhan said that sectors like leather and apparel may get competitive advantage from India's competitor countries. A Mumbai-based exporter said that the elevated duties on Thailand can lead to gains in exports of rubber and its articles. Thailand is the top exporter of rubber to the US with a share of 15.16 per cent while India is at fourth spot with 2.93 per cent share of US imports. "We will get greater advantage in the leather segment also," the export added.


Time of India
42 minutes ago
- Time of India
Bharat Bandh Strike Protest: Why banks, buses and post offices may not run as usual tomorrow
On Wednesday, India will see what might be one of its biggest general strikes in years. Over 25 crore workers plan to stop work across banks, insurance, post, coal, construction and public transport. They're not just making noise — they're making a point. The strike, called Bharat Bandh , comes from a coalition of 10 major trade unions and their allies. They're furious with what they call the government's 'anti-worker, anti-farmer, and pro-corporate policies.' Amarjeet Kaur of the All India Trade Union Congress put it bluntly: 'More than 25 crore workers are expected to join. Farmers and rural workers will also support the protest.' Bharat Bandh Strike: Where you'll feel It Expect queues at banks, delayed cheques, and slower loan clearances. If you're waiting for post, that might take a bit longer too. Coal miners, steel workers, factory staff, highway builders — many are joining in. State buses could run late or stop altogether if drivers and conductors walk out. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Top 25 Most Beautiful Women In The World Articles Vally Undo Harbhajan Singh Sidhu from Hind Mazdoor Sabha warned that banking, postal, coal mining, factories and state transport would feel the brunt. Bengaluru, India's tech capital, is likely to be hit hard. With its heavy public sector presence, services could stall in pockets of the city. Many companies are already telling staff to work from home if they can. Live Events Bharat Bandh Protest: Schools, offices and power The Karnataka government hasn't declared a holiday for schools or colleges. Most private offices will stay open, but lower attendance is likely if buses stay off roads. App-based cabs and city buses should run, but delays are possible. Power cuts aren't expected but small local disruptions could happen as 27 lakh electricity workers back the protest. Bharat Bandh Protest: What's pushing workers to strike So what's behind this? In short: new labour codes and a list of old grievances. The unions say they handed Labour Minister Mansukh Mandaviya a 17-point charter ages ago. They claim the response was silence. At the heart of the matter are four new labour codes that unions believe will weaken job protections, stretch working hours, make strikes harder, and cripple collective bargaining. They accuse the government of putting corporate interests first. The forum's statement sums it up: 'The government has abandoned the welfare state status of the country and is working in the interest of foreign and Indian corporates.' They're angry that India hasn't held its annual labour conference in a decade. They hate that retired staff are being rehired instead of young people, especially in the Railways, NMDC Ltd, steel, and education. With two-thirds of India under 35 and youth unemployment sky-high, that stings. They're also fuming about rising prices and falling social spending on basics like healthcare and education. Bharat Bandh: Farmers and rural workers add weight Backing them are the Samyukta Kisan Morcha and other farm unions. They'll drum up support in rural belts, saying the same economic policies are pushing up prices and gutting welfare schemes. What are the demands for the Bharat Bandh? Their demands aren't small. They want the four labour codes scrapped. They want permanent jobs, not casual contracts. They want better wages for MGNREGA workers and similar schemes in cities. They want more spending on public health and schools. And they want the government to fill vacant posts with new hires, not retirees. Bharat Bandh News: Past strikes and state pushback This isn't new. Similar strikes rattled India on 26 November 2020, 28-29 March 2022, and 16 February 2023. Each time, the demands have stayed the same: protect workers, stop privatisation, keep the public sector strong. Some states are trying to stop it. In Tamil Nadu, the chief secretary has warned government staff not to join in or face disciplinary action under conduct rules. Banks and post might run slow. Coal, factories and transport could stutter. Schools will likely open, but if transport stalls, classrooms may sit half empty. Power blackouts are unlikely but not impossible. The bigger takeaway? India's workers and farmers are sending a loud message. They feel ignored and they're using the only power they believe they have left — the power to stop work. If you're in a big city, plan your day with this in mind. If you're a commuter, check twice before stepping out. This is about jobs, wages and how the country treats the people who keep it running. Watch this space.


News18
43 minutes ago
- News18
Terror Groups Using E-Commerce And Online Payments For Financing: FATF
The FATF noted e-commerce and online payments funding terror, citing Pulwama and Gorakhnath Temple incidents, and flagged state-sponsored terrorism and online material procurement. The Financial Action Task Force (FATF) has highlighted the use of e-commerce platforms and online payment services to finance terror activities. In the recent statement, the global terror financing watchdog flagged the exploitation of these services while attributing to the February 2019 Pulwama terror attack and 2022 Gorakhnath Temple incident. 'Delegations reported on this trend by referring to the use of state sponsorship for TF (terror financing) either as fundraising technique or as part of the financial management strategy of the certain organisations engaging in terrorist acts. Several forms of support have been reported, including direct financial support, logistical and material support, or the provision of training," said the official statement from the FATF. The FATF report highlighted that the terrorists have been abusing e-commerce platforms and online marketplaces and said terrorists have used such platforms for their operational procurement (equipment, weapons, chemicals, 3D-printing material). Watchdog's report, Comprehensive Update on Terrorist Financing Risks, flagged the flagged state sponsorship of terrorism, stating that 'certain terrorist organisations have been and continue to receive financial and other forms of support from several national governments." After the Pahalgam terror attack that happened in April 2025, FATF had said it would come out with a 'comprehensive analysis of terrorist financing", compiling cases provided by its global network consisting 200 jurisdictions. The body also said that such attacks cannot be executed without financial support. In its report, FATF used terror attacks in India for case study and stated that the online platforms are used to procure materials that help in execution of such attacks. It further said that a key component of the improvised explosive device used in the attack — aluminum powder — was procured through the EPOM Amazon. In February 2019, a suicide bombing targeted a convoy of Indian Security forces in Pulwama in Jammu & Kashmir, resulting in the deaths of 40 soldiers. The attack was orchestrated by Jaish-I-Mohammed (JiM), the Indian authorities confirmed. First Published: July 08, 2025, 21:06 IST