Just a moment...

Top
Help
Upgrade to AI Tools

We've upgraded AI Tools on TaxTMI with two powerful modes:

1. Basic
Quick overview summary answering your query with referencesCategory-wise results to explore all relevant documents on TaxTMI

2. Advanced
• Includes everything in Basic
Detailed report covering:
     -   Overview Summary
     -   Governing Provisions [Acts, Notifications, Circulars]
     -   Relevant Case Laws
     -   Tariff / Classification / HSN
     -   Expert views from TaxTMI
     -   Practical Guidance with immediate steps and dispute strategy

• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.Help Us Improve - by giving the rating with each AI Result:

Explore AI Tools

Powered by Weblekha - Building Scalable Websites

×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
RelevanceDefaultDate
    No Records Found
    ❯❯
    MaximizeMaximizeMaximize
    0 / 200
    Expand Note
    Add to Folder

    No Folders have been created

      +

      Are you sure you want to delete "My most important" ?

      NOTE:

      News
      Showing Results for :
      Reset Filters
      Results Found:
      AI TextQuick Glance by AIHeadnote
      Show All SummariesHide All Summaries
      No Records Found

      News

      Back

      All News

      Showing Results for :
      Reset Filters
      Showing
      Records
      ExpandCollapse
        No Records Found

        News

        Back

        All News

        Showing Results for : Reset Filters
        Case ID :
        Customs & Trade

        Not accurate: India rejects Lutnick's remarks that trade deal stalled as Modi didn't dial Trump

        January 9, 2026

        📋
        Contents
        Note

        Note

        -

        Bookmark

        print

        Print

        Login to TaxTMI
        Verification Pending

        The Email Id has not been verified. Click on the link we have sent on

        Didn't receive the mail? Resend Mail

        Don't have an account? Register Here

        New Delhi, Jan 9 (PTI) India on Friday rejected as "inaccurate" US Commerce Secretary Howard Lutnick's remarks that a proposed trade deal between the two countries could not be sealed last year as Prime Minister Narendra Modi did not make a telephone call to President Donald Trump.

        New Delhi also asserted that it remained interested in concluding a "mutually beneficial" trade deal between the two "complementary economies" and noted that Modi and Trump held phone conversations on eight occasions in 2025 covering different aspects of ties.

        Negotiations for a bilateral trade agreement between the two sides hit a major roadblock after Trump slapped a whopping 50 per cent tariff on India, including a 25 per cent additional duty for its purchase of Russian crude oil.

        The fresh row between the two sides came as their relations continued to reel under possibly the worst phase in the last two decades.

        In his controversial comments in an interview on Thursday, Lutnick detailed how the India-US trade deal has not happened till now.

        The decision to negotiate the trade deal was taken at a meeting between PM Modi and President Trump at the White House on February 13.

        "We have seen the remarks. India and the US were committed to negotiating a bilateral trade agreement as far back as February 13 last year," External Affairs Ministry Spokesperson Randhir Jaiswal said.

        "Since then, the two sides have held multiple rounds of negotiation to arrive at a balanced and mutually beneficial trade agreement," he said at his weekly media briefing.

        "On several occasions, we have been close to a deal. The characterisation of these discussions in the reported remarks is not accurate," he added.

        Jaiswal said India remained interested in a mutually beneficial trade deal between the two complementary economies, and it is looking forward to concluding it.

        "Incidentally, the prime minister and President Trump have also spoken on the phone on eight occasions during 2025, covering different aspects of our wide-ranging partnership," he said.

        People familiar with the matter said there was no occasion in the course of last year when a phone call could have helped seal the trade pact.

        In his comments, Lutnick said India and the US were pretty close to firming up the trade pact, as he elaborated on negotiations for a similar deal with the UK.

        The US commerce secretary recalled that after the UK deal, everyone asked Trump which country would be the next, and the president talked about several countries, but he named "India a couple of times publicly".

        "And we were talking (with) India, and we told India, 'You have three Fridays'. Well, they have to get it done," he said.

        Lutnick said while he would negotiate the contracts with the countries and set the whole deal up, "but let's be clear, it's his (Trump) deal. He is closer. He does the deal. So I said, 'You got to have Modi, it's all set up, you have to have Modi call the president. They (India) were uncomfortable doing it, so Modi didn't call." After that Friday, the US announced trade deals with Indonesia, the Philippines and Vietnam, Lutnick said. The US had firmed up a number of trade pacts with several countries in July.

        Apart from the tariff, the India-US ties are strained on a number of other issues that include Trump's claim of ending the India-Pakistan conflict in May last year and Washington's new immigration policy. PTI MPB NSD NSD

        India-US trade negotiations: India rejects claim a missed Modi phone call stalled talks; tariff measures cited as complicating factor. Disagreement exists over why bilateral trade negotiations stalled: India rejects claims that lack of a Prime Ministerial call prevented a deal, stressing multiple negotiation rounds and eight phone conversations in 2025 and continued interest in concluding a mutually beneficial trade deal. The talks were affected by substantive trade measures, notably a US-imposed 50 per cent tariff including an additional duty related to purchases of Russian crude, and broader policy divergences that complicated reaching agreement.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                India-US trade negotiations: India rejects claim a missed Modi phone call stalled talks; tariff measures cited as complicating factor.

                                Disagreement exists over why bilateral trade negotiations stalled: India rejects claims that lack of a Prime Ministerial call prevented a deal, stressing multiple negotiation rounds and eight phone conversations in 2025 and continued interest in concluding a mutually beneficial trade deal. The talks were affected by substantive trade measures, notably a US-imposed 50 per cent tariff including an additional duty related to purchases of Russian crude, and broader policy divergences that complicated reaching agreement.





                                Note: It is a system-generated summary and is for quick reference only.

                                Topics

                                ActsIncome Tax
                                No Records Found