Business Trade

India-EFTA Trade Pact Becomes Operational

By BPN News Desk October 2, 2025

The Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) came into effect on October 1, 2025, as announced by Commerce Minister Piyush Goyal. The pact involves Switzerland, Norway, Iceland, and Liechtenstein. Key Features of the Agreement Under TEPA, EFTA will remove or reduce tariffs on about 92.2% of […]

Business Trade

India–EFTA Pact To Take Effect From October 1

By BPN News Desk September 29, 2025

India’s long-awaited trade deal with the European Free Trade Association (EFTA) will officially begin on October 1, 2025. The pact, formally known as the Trade and Economic Partnership Agreement (TEPA), was signed in March 2024 after 16 years of negotiations. Investment Commitments And Economic Goals Under the agreement, EFTA member countries — Iceland, Liechtenstein,

International

India-US Trade Talks Start on Positive Note

By BPN News Desk September 24, 2025

Trade negotiations between India and the United States have resumed in New York, and sources describe the initial rounds as “encouraging.” The renewed engagement comes after months of tension over tariffs and energy policy. Key Players at the Table India’s Commerce Minister Piyush Goyal and senior officials, including lead negotiator Rajesh Agrawal, are participating in

National

Tharoor Slams Trump’s Reliance on Tariffs as “Magic Tools”

By BPN News Desk September 23, 2025

Congress MP Shashi Tharoor has taken aim at U.S. President Donald Trump’s trade policies, saying Trump treats tariffs as “magic instruments” to fix America’s economic problems. Tharoor argued that such an approach oversimplifies complex global trade realities. Trump’s Rationale According to Tharoor Tharoor said Trump believes that many products once made in America are now

International

India, US Agree Not to Demand Software Source Code

By BPN News Desk September 22, 2025

India and the United States have reached an understanding in trade talks that neither side will demand source code or algorithms from companies as a condition for market access. The move is designed to safeguard intellectual property and ease regulatory concerns in the technology sector. Digital Trade Focus This agreement is part of broader discussions […]

International

South Korea Warns US Demands May Spark Financial Crisis

By BPN News Desk September 22, 2025

South Korean President Lee Jae-myung has warned that U.S. investment demands in ongoing trade talks could spark a financial crisis similar to the 1997 Asian meltdown. He cautioned that without financial safeguards, such commitments would put the nation at severe risk. What the Deal Involves In July 2025, Seoul and Washington reached a verbal understanding: […]

International

Jaishankar to Meet Rubio Amid H-1B Fee Row

By BPN News Desk September 22, 2025

External Affairs Minister S. Jaishankar will meet U.S. Secretary of State Marco Rubio on the sidelines of the 80th UN General Assembly in New York. The meeting is scheduled for 11:00 AM EST (8:30 PM IST). Agenda: Visa Fee and Trade Tensions The agenda is expected to focus on the recent U.S. move to impose […]

International

India-US Trade Talks Back on Track – Piyush Goyal

By BPN News Desk September 20, 2025

Trade talks between India and the United States have resumed with fresh optimism. Indian Commerce Minister Piyush Goyal is expected to visit Washington within days to further negotiate a bilateral trade agreement. Recent discussions in New Delhi between US negotiator Brendan Lynch and Indian counterpart Rajesh Agrawal are said to have been “positive” and “forward-looking.”

International

India Joins Zapad-2025 Military Drills Amid US Trade Strain

By BPN News Desk September 17, 2025

India has deployed 65 military personnel, including a battalion from the Kumaon Regiment, to participate in the Zapad-2025 joint exercises organised by Russia and Belarus. The drills ran from 12 to 16 September. Nature and Location of the Drills The drills involved tactical training, company-level cooperation, and special arms exercises. Indian forces took part along […]

National

India-US Trade Talks Described as “Positive and Forward-Looking”

By BPN News Desk September 16, 2025

India and the United States have held fresh trade discussions described by both sides as positive and forward-looking. These talks come in the wake of the US imposing a 50% tariff on certain Indian goods due to concerns over India’s purchase of Russian oil. Meetings were held in New Delhi with senior negotiators from both […]