logo
'India won't negotiate based on timelines': Goyal on India-US trade deal ahead of July 9 deadline

'India won't negotiate based on timelines': Goyal on India-US trade deal ahead of July 9 deadline

First Posta day ago
Earlier, sources had said that the India-US trade deal will conclude in the next few days as an Indian delegation has returned from Washington after holding high-level talks with officials from the Trump administration read more
Union Minister of Commerce and Trade Piyush Goyal has asserted that India will not sign a trade deal based on a timeline, but set its own terms to negotiate an agreement. His comments came ahead of July 9, when the pause on retaliatory tariffs will expire.
Earlier, sources had told News18 that the India-US trade deal will conclude in the next few days as an Indian delegation has returned from Washington after holding high-level talks with officials from the Trump administration.
STORY CONTINUES BELOW THIS AD
'Whether it is the European Union, New Zealand, Oman, the United States, Chile, or Peru, negotiations for agreements are underway with many countries. A free trade agreement happens only when there is mutual benefit," the minister said
When the deal is made while safeguarding India's interests, keeping in mind that national interest will always remain paramount, then India is always ready to make deals with developed countries… India never makes a trade deal based on a timeline; when the deal is good, fully matured, and in the national interest, then we accept it," Goyal added.
Refresh for updates.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

After June 30 reversal, can July 10 shift the trend again? Harshubh Shah decodes
After June 30 reversal, can July 10 shift the trend again? Harshubh Shah decodes

Economic Times

time8 minutes ago

  • Economic Times

After June 30 reversal, can July 10 shift the trend again? Harshubh Shah decodes

The Indian equity markets ended the week on a weaker note as investors opted to book profits at higher levels. The Nifty50 closed below the 25,500 mark, registering a weekly loss of 0.69% for the period ended July 4, 2025. ADVERTISEMENT In our previous analysis, we identified June 30 as a crucial inflection point — a date that could define the Nifty's next directional move. That outlook played out accurately: June 30 marked the weekly high, and once the low of that day was breached, the Nifty witnessed three consecutive sessions of lower lows, confirming a short-term downtrend. Our predefined levels worked with remarkable precision throughout the week:The 25,566–25,600 zone acted as a strong resistance, with daily highs on July 1st, 2nd, and 3rd repeatedly stalling at this weekly low was formed at 25,331, almost exactly aligning with our projected support of 25,320. ADVERTISEMENT Time zone-based forecasting added another dimension of clarity: June 30 (Monday): The day's high occurred exactly at 9:25 AM, with swings near our key time zones of 11:10 AM and 12:35 PM. ADVERTISEMENT July 1 (Tuesday): The intraday low hit around 11:20 AM, right on 2 (Wednesday): The sell-off paused around 11:20 AM and picked up again near 12:45 PM. ADVERTISEMENT July 3 (Thursday): A volatile swing low occurred on the first candle at 9:25 4 (Friday): The day's low formed at 12:20 PM, followed by a sharp rally beginning around 2:30 PM, again in sync with our mapped time zones. ADVERTISEMENT This confluence of price levels and time cycles once again proved to be a powerful edge for disciplined Dates & Time Cycles for July 7–11, 2025The July 10 session could be a major turning point. Watch the high and low of the day closely — they may offer critical clues for a breakout or time windows are critical for spotting intraday reversals, momentum acceleration, or signals of trend Zones: 25,434 | 25,320 | 25,120 | 24,978 | 24,856Resistance Zones: 25,586 | 25,600 | 25,910 | 26,234All eyes are now on Thursday, July 10, which could serve as a decisive day for market direction. Traders are advised to monitor price action and intraday time slots closely for disciplined. Respect time. Respect levels. (The author is Director, Wealthview Analytics Pvt Ltd) (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of

Nitin Gadkari's Mega Mobility Plan: Hyperloop, Electric Buses, Ropeways On Fast Track
Nitin Gadkari's Mega Mobility Plan: Hyperloop, Electric Buses, Ropeways On Fast Track

NDTV

time10 minutes ago

  • NDTV

Nitin Gadkari's Mega Mobility Plan: Hyperloop, Electric Buses, Ropeways On Fast Track

Ranchi: Union Minister Nitin Gadkari has unveiled an ambitious roadmap for next-generation mass mobility in the country, which includes electric rapid transport, hyperloop in urban areas and ropeways, cable buses and funicular railways in inaccessible terrains. In an interview with PTI, the Union Minister of Road Transport and Highways said India's transport sector is undergoing a major transition, with initiatives like tree bank, mobile-based driving tests, and flex-fuel engines by 11 leading automakers in the pipeline. Also on the agenda are plans to upgrade 25,000 km of two-lane highways to four lanes, establish an electric mass rapid transport network across major routes and scale up road construction to 100 km per day. 'We are driving innovation. A revolution in mass mobility is underway,' Mr Gadkari said. 'Work is progressing at a war footing to transform how India travels, with a focus not just on metropolises but also on remote, inaccessible rural areas. We're building ropeways, cable cars and funicular railways across 360 locations, including Kedarnath. Work has already started on 60 of these projects,' he said. Funicular railways are a system that combines elevator and railway technologies to efficiently transport people and goods up and down inclines. These are particularly useful in mountainous or hilly areas. Mr Gadkari said the cost of these projects ranges from Rs 200 crore to Rs 5,000 crore and once completed, they will change the face of India. The minister added that improved road infrastructure will not only boost the economy but will also help in propelling growth and creating jobs. 'I am more than confident that in a year's time, our highways will match the standard and quality of US roads that I have been emphasising,' he said, adding that days are not far off when metropolises will have cable-run buses, electric rapid mass transport buses with aeroplane-like facilities. Mr Gadkari said pilot projects like Metrino pod taxis, hyperloop systems, and pillar-based mass rapid transport are in the pipeline for cities like Delhi and Bengaluru. 'Technology and investors are both coming in. It will be a revolution,' he said. The minister said, 'Eleven companies, including Tata, Toyota, Hyundai and Mahindra, have agreed to build flex-fuel engine vehicles that will reduce dependence on fuel imports as well as fossil fuel." Flex-fuel vehicles are equipped with internal combustion engines that can operate on more than one fuel. They are primarily meant to run on ethanol and methanol or a blend of biofuels and on conventional fuels such as petrol or diesel. Mr Gadkari said India is working on 25,000 km of road upgrades for converting two-lane roads into four-lanes and 'we plan to build 100 km of roads per day – this is our target, not a declaration,' he clarified. The length of national highways was 91,287 km in 2013-14 and there has been an increase of about 60 per cent in the length of NHs to 1,46,204 km, he said. The length of National High-Speed Corridors (HSC) has expanded from 93 km in 2014 to 2,474 km at present, he said. New technologies, like precast construction, three-ft road barriers, and AI-based road safety tools, including drones and camera monitoring systems, are being introduced to boost efficiency and safety. 'We plan to plant 20–25 crore trees along highways, with an aim to transplant old trees and replant five for every one cut.' Talks for a tree bank are in advanced stages with the Ministry of Environment and once a go-ahead is received, full-fledged work will start, the minister said. Speaking about electric rapid transport, Mr Gadkari said a tender has been floated for a 135-seater electric bus in Nagpur as a pilot project. The bus will feature executive-class seating, air-conditioning, and airline-grade amenities, capable of running at speeds of 120–125 km/hr. It will recharge in 30–40 minutes at designated stops and is expected to cost 30 per cent less than traditional diesel buses while offering significantly lower emissions, he said. 'Once the trial is successful, we plan to introduce similar buses pan-India, including on routes like Delhi-Chandigarh, Delhi-Dehradun, Delhi-Meerut, Delhi-Jaipur, Mumbai-Pune, Mumbai-Aurangabad and Bangalore-Chennai, among others," he added. As many as 670 roadside amenities have already been approved, aimed at providing world-class facilities for both travellers and drivers across national highways, he said. The minister said India's transport sector contributes nearly 40 per cent to the country's air pollution, and emphasised that green mobility initiatives will not only help curb emissions but also significantly reduce the nation's annual fuel import bill of around Rs 22 lakh crore. He further claimed that improved road infrastructure will help bring down logistics costs from 14 per cent of GDP to 9 per cent by the end of the year, enhancing overall economic efficiency.

Modi in Brazil LIVE: PM to attend BRICS summit today
Modi in Brazil LIVE: PM to attend BRICS summit today

The Hindu

time12 minutes ago

  • The Hindu

Modi in Brazil LIVE: PM to attend BRICS summit today

Prime Minister Narendra Modi will today (July 6, 2025) kick off his four-day visit to Brazil, as part of which he will be taking part in the BRICS Summit in Rio de Janeiro. Also read | BRICS has no plan to create an alternate currency, says Brazil's Ambassador to India This is the fourth leg of his five-nation visit. The prime minister was accorded a ceremonial welcome upon his arrival at the Galeao International Airport on Saturday evening (local time). 'Hoping for a productive round of meetings and interactions during this visit,' Mr. Modi said in a post on X. The Prime Minister arrived in Brazil from Argentina, where he held wide-ranging talks with President Javier Milei and agreed to diversify two-way trade and ramp up cooperation in defence, critical minerals, pharmaceutical, energy and mining sectors. Mr. Modi attendance at the BRICS Summit will be followed by a state visit, for which he will travel to Brasilia. It will be the first bilateral visit to the country by an Indian Prime Minister in nearly six decades. Follow live updates here:

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store