India prioritises national interest in trade deals, says Piyush Goyal
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The Hindu
19 minutes ago
- The Hindu
Top news of the day: India negotiates from position of strength, not under deadlines, says Goyal on U.S. trade deal; Udhhav, Raj Thackery hint on contesting civic elections together, and more
We negotiate from position of strength, not under deadlines: Piyush Goyal on U.S. trade deal after Congress jab With the Congress mocking the BJP-led NDA government over the proposed trade deal with the U.S., Union Minister Piyush Goyal on Saturday (July 5, 2025) said India negotiates from a position of strength and not under deadlines. He also accused the Congress of 'negotiating and signing agreements that were not in the national interest' during that party-led UPA government's tenure. Uddhav-Raj Thackeray joint rally: We have come together to stay together, says Uddhav Thackeray Shiv Sena (UBT) chief Uddhav Thackeray and MNS chief Raj Thackeray held a joint rally and meeting, sharing stage for the first time in two decades, in what they said was to celebrate the pushback of the three-language policy decision. Addressing the rally in Worli, the Shiv Sena UBT hinted at contesting the upcoming civic elections together. Tariff letters to 12 countries signed, going out on July 7: U.S. President Donald Trump U.S. President Donald Trump said he had signed letters to 12 countries outlining the various tariff levels they would face on goods they export to the United States, with the 'take it or leave it' offers to be sent out on Monday (July 7, 2025). Mr. Trump, speaking to reporters aboard Air Force One as he travelled to New Jersey, declined to name the countries involved, saying that would be made public on Monday (July 7, 2025). Sanjay Bhandari, U.K.-based arms consultant, declared fugitive economic offender A Delhi court on Saturday (July 5, 2025) declared U.K.-based arms consultant Sanjay Bhandari a fugitive economic offender on an Enforcement Directorate (ED) plea, officials said. The court issued the order under the provisions of the Fugitive Economic Offenders Act (FEOA) of 2018, they said. 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Pakistan has no objection to extraditing 'individuals of concern' to India: Bilawal Bhutto Pakistan's former Foreign Minister Bilawal Bhutto Zardari has said that his country had no objection to extraditing 'individuals of concern' to India as a confidence-building measure, as long as New Delhi showed willingness to cooperate in the process. Liverpool, Portugal players mourn Diogo Jota and his brother at emotional funeral Players from Liverpool and Portugal's national team joined family and friends for the funeral of their teammate Diogo Jota and his brother on Saturday (July 5, 2025), two days after the siblings died in a car crash in Spain. Liverpool captain Virgil Van Dijk arrived carrying a red floral arrangement in the shape of a soccer shirt with Jota's No. 20 in white. Liverpool teammate Andrew Robertson carried a similar arrangement with the No. 30, the number worn by Jota's brother, André Silva, who played for Portuguese club Penafiel. Coach Arne Slot was part of the Liverpool contingent.
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Business Standard
28 minutes ago
- Business Standard
India allocates additional ₹10,000 crore to support deep tech sector
Commerce and Industry Minister Piyush Goyal on Saturday said the government has provided an additional Rs 10,000 crore as part of the Fund of Funds scheme to further support and promote deep tech research and startups. 'Having now committed the entire first tranche of Fund of Funds of Rs 10,000 crore in the last Budget, another Rs 10,000 crore has been provided,' Goyal said at an event organised by IIT Madras and the institute's alumni association in Bengaluru. 'This time around, it's largely going to support the deep tech ecosystem. We are just formulating the guidelines and the full money goes to promote innovation, absorption of newer technologies and the deployment of newer tech in contemporary fields,' he added. The government announced in its Budget in February of setting up such a fund to catalyse the next generation startups as a part of this initiative. There were also some concerns that the private sector's expenditure on research and development (R&D) remained low despite a lot of incentives provided. Goyal has repeatedly advocated Indian entrepreneurs to pivot from being the back office of the world to a leader in technology and innovation. His comments come at a time when India's Startup Policy Forum has launched #100DesiDeepTechs, a multi-stakeholder initiative aimed at identifying and supporting 100 leading deep-tech startups in India. Developed in collaboration with Startup India (DPIIT), MEITY Startup Hub, and IIT Madras, the programme seeks to strengthen policy dialogue and advance India's deep-tech ecosystem. The initiative is accepting applications from Indian deep-tech startups. Selected participants will join closed-door policy discussions with industry and government stakeholders, leading to a white paper with regulatory recommendations. Focus areas include semiconductors, defence, quantum tech, green hydrogen, space, drones, EVs, biotech, robotics, advanced manufacturing, and communications. A Mentor Board consisting of founders, investors, policymakers, and experts will advise the #100DesiDeepTechs cohort, providing strategic guidance and access to networks. A white paper will be released at 'Deeptech Baithak', a forum of founders, investors, and policymakers. The event will also mark the launch of SPF's Centre for deep-tech policy research, which will support ongoing policy efforts. The deep-tech sector saw a huge surge in funding in 2024, up 78 per cent to $1.6 billion, compared to a year earlier. This was fuelled by supportive government policies, rapid advancements in Gen AI and innovations from emerging companies, according to a report by Nassscom and Zinnov. Goyal explained that India was not hesitant to use new age technology. 'It helps us to climb the growth chart and buck the trend in a slowing global trade environment.'
India Today
32 minutes ago
- India Today
India does not negotiate under deadlines: Piyush Goyal on US trade talks
Union Commerce Minister Piyush Goyal on Saturday said India negotiates from a position of strength and not under accused the Congress of "negotiating and signing agreements that were not in the national interest" during the UPA government's remarks come a day after Goyal stated that India would accept a proposed trade deal with the US only when it is fully finalised and in the national Speaking to reporters here, Goyal said, "India does not negotiate under deadlines. We negotiate keeping national interest in mind, and national interest is paramount in all our engagements across the world."He added, "After the Modi government came to power, we have signed free trade agreements with Mauritius, the United Arab Emirates, Australia, and the four-nation EFTA (European Free Trade Association) grouping—Switzerland, Norway, Iceland, and Liechtenstein—and now with the UK last month."According to him, India continues to engage with other developed nations, including the EU bloc of 27 countries, the United States, Oman, Peru, and Chile."Today, India negotiates from a position of strength. We are self-confident and can compete with anybody in the world. This is not the weak India under Congress and the UPA, which signed agreements that were not in the national interest," he Congress leader Rahul Gandhi criticised Prime Minister Narendra Modi over the Indo-US trade deal, after Goyal claimed that India would not enter into an agreement "under deadlines."The Congress has been attacking the Prime Minister "for remaining silent" and not countering US President Donald Trump's repeated claims of bringing a halt to hostilities between India and Pakistan following the Pahalgam terror had reportedly set a deadline of July 9 to finalise the trade agreement with India. - EndsMust Watch
