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    Trade agreement strengthens Make in India, create jobs: PM Modi
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    India, US reach framework for interim trade pact; opens $30 trillion market for Indian exporters
    Highlights of India-US interim trade agreement
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February 7, 2026
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Interim trade agreement with the US aims to bolster Make in India, expand jobs, and deepen investment and technology ties.
An interim trade agreement framework with the United States is intended to bolster Make in India by opening opportunities for farmers, entrepreneurs, MSMEs, startups and fishermen, and by generating employment for women and youth. The framework emphasizes deepening investment and technology partnerships to promote innovation, and strengthening resilient, trusted supply chains to contribute to economic growth.
February 7, 2026
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India-US trade framework expands market access by lowering tariffs, addressing non tariff barriers, and increasing US purchases.
The India-United States framework commits India to eliminate or lower tariffs on all US industrial goods and many agricultural products, address longstanding non tariff barriers to imports, and increase purchases of US goods and services, including a stated target exceeding $500 billion; the arrangement is described as an interim, reciprocal trade agreement requiring further negotiation and implementation to make commitments operational.
February 7, 2026
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India-US interim trade pact cuts tariffs to 18%, removes extra 25% levy, and commits to reciprocal market access and barrier removal.
The framework establishes an Interim Agreement under which the US removes the additional 25% duty and reduces import duties on Indian goods to 18%, while India will eliminate or reduce tariffs on US industrial and agricultural products and grant a preferential tariff rate quota for certain automotive parts; the framework provides for product specific tariff eliminations upon conclusion, addresses non tariff barriers and standards cooperation, permits reciprocal modification of commitments, and will be converted into a legal agreement expected to be signed by mid March with concessions effective after signature.
February 7, 2026
Show AI Summary
India-US interim trade framework reduces many tariffs, opens sectoral market access, and addresses non-tariff and digital trade barriers.
An interim trade framework sets reciprocal tariff reductions-many tariffs capped at 18% and zero tariffs for specified goods-and sectoral market access expansions for textiles, leather, chemicals, pharmaceuticals, gems, aircraft parts and select machinery. It includes negotiated exemptions, tariff rate quotas, mutually agreed rules of origin, commitments to remove non-tariff and digital trade barriers, measures to ease access for medical devices and ICT goods, and a reciprocal modification mechanism tied to tariff changes, alongside coordinated actions to strengthen supply chain resilience and technology trade.
February 7, 2026
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US removes 25% tariffs on India after commitments to stop importing Russian oil and expand defence cooperation.
The President determined that India has taken significant steps to address the national emergency described in Executive Order 14066 by committing to stop directly or indirectly importing Russian Federation oil, to purchase energy products from the United States, and to expand defence cooperation, and accordingly eliminated the additional ad valorem rate of duty previously imposed on imports from India.
February 7, 2026
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India-US trade framework protects sensitive agricultural and dairy products while US tariffs on Indian goods fall to 18%.
An interim India-US trade framework reduces US tariffs on Indian goods to 18% while India withholds duty concessions on a specified list of sensitive agricultural and dairy products (maize, wheat, rice, soya, poultry, milk, cheese, ethanol (fuel), tobacco, certain vegetables and meat) to protect small and marginal farmers; concurrently India will eliminate or reduce tariffs on various US food and agricultural items such as dried distillers' grains, tree nuts, processed fruit, soybean oil, and wine and spirits.
February 7, 2026
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A president's racist social media post depicting the Obamas as primates was deleted amid bipartisan backlash and questions of responsibility.
A video posted to the president's social media account briefly depicted Barack and Michelle Obama with their faces imposed on jungle primates; it was deleted after bipartisan and civil society backlash and the White House said a subordinate staffer had posted the clip. The incident raised operative questions about accountability for official social media content, vetting procedures for presidential posts, calls for apology or staff discipline, and the broader context of historically racist dehumanising portrayals.
February 7, 2026
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India-US trade framework cuts tariffs to 18%, expands market access, tackles non tariff barriers, and boosts tech trade.
The interim framework provides reciprocal tariff and market access commitments: the US will reduce import duties on Indian goods to 18 percent, while India will eliminate or reduce tariffs on US industrial and numerous agricultural products; it contemplates zero tariffs on specified goods upon conclusion, establishes rules of origin, commits to remove targeted non tariff barriers and restrictive import licensing, provides a preferential tariff rate quota for automotive parts consistent with national security, expands technology trade and cooperation, and includes mechanisms to modify commitments and strengthen economic security and supply chain resilience.
February 7, 2026
Show AI Summary
India-US interim trade framework cuts many US tariffs, removes duties on select goods, and protects sensitive farm and dairy items.
The interim trade framework reduces reciprocal US tariffs on Indian goods to 18% and eliminates tariffs to zero on specified items including generic pharmaceuticals, gems and diamonds, and aircraft parts; it provides tariff rate quotas and negotiated outcomes for auto parts and generic pharmaceuticals to boost export competitiveness in priority manufacturing sectors while preserving full protections for sensitive agricultural and dairy products such as maize, wheat, rice, soya, poultry, milk, cheese, ethanol, tobacco, certain vegetables and meat.
February 7, 2026
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US removes additional 25% duty on Indian imports as India commits to stop importing Russian oil and expand defence ties.
The executive action rescinds an additional 25 percent ad valorem duty on products of India effective for goods entered for consumption on or after February 7, 2026, contingent on India's commitment to cease directly or indirectly importing Russian oil, and provides that if the Secretary of Commerce finds resumption of such imports the executive branch may recommend reimposing the additional 25 percent duty.
February 7, 2026
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India-US trade pact: India to buy $500bn of US goods over five years and pursue robust digital trade rules.
India commits to purchase USD 500 billion of US goods over five years, focusing on energy products, aircraft and parts, precious metals, technology products including GPUs, and coking coal, while both countries agree to address discriminatory or burdensome practices affecting digital trade and to establish a pathway toward robust, mutually beneficial digital trade rules within their bilateral trade agreement.
February 7, 2026
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US India interim trade agreement framework sets reciprocal 18% tariff on Indian goods and expands market access commitments.
The Interim Agreement framework establishes reciprocal tariff and market access adjustments: India will eliminate or reduce tariffs on US industrial and specified agricultural products, while the United States will apply a reciprocal tariff of 18 per cent on originating Indian goods in designated sectors; the framework also foresees additional market access commitments, supply chain resilience measures, and potential removal of reciprocal tariffs on certain goods subject to successful conclusion of the Agreement.
February 7, 2026
Show AI Summary
Milan Cortina Olympics opened with a coordinated four-site ceremony and dual cauldrons to reflect dispersed venues.
The Milan Cortina opening ceremony was a coordinated multi-site event with four simultaneous venues and two cauldrons, enabling athletes to participate at mountain sites while the main Milan hub hosted a parallel parade with placard representation for delegations absent from the stadium. Organisers presented the format as a means to represent city and mountain identities, reduce travel for winter-sport athletes, and combine cultural programming with governance and broadcast considerations.
February 7, 2026
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Canada and France open consulates in Greenland, signaling support amid US push for control and talks.
Canada and France established consular presences in Nuuk to reinforce political and cooperative ties with Greenland and Denmark, highlighting commitments on defence, security, climate, economic resilience and Arctic cooperation. France sent a consul general as the first EU consulate-level presence; Canada formally opened its consulate. The moves are framed as allied solidarity amid US proposals and tariff threats related to access to Greenland and follow technical talks among the US, Denmark and Greenland on an Arctic security framework.
February 7, 2026
Show AI Summary
Trump's social media post depicting the Obamas as primates was deleted after bipartisan backlash and blamed on a staffer.
A presidential social media post depicting the Obamas as primates was deleted after bipartisan backlash; the White House blamed a staffer and described the removal as corrective. The incident raised questions about control and vetting of the President's account, the attribution of posts to the President versus aides, and procedural gaps that allow reposted memes and AI generated content to be published under the administration's official channels.
February 7, 2026
Show AI Summary
Minor lured into ovum donation using forged identity and consent documents for IVF; suspects detained.
Allegations indicate a minor was lured to an IVF centre, had her ovum extracted after being falsely portrayed as an adult through a forged identity document and a fabricated consent form prepared by an agent, and that several persons have been detained on charges including kidnapping, document forgery, and falsifying medical consent for a minor.
February 7, 2026
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US stock market surges past 50,000 as tech stocks and bitcoin recover, no legal or regulatory issues discussed.
The document reports a sharp equity market rebound-Dow surpassing 50,000 with S&P 500 and Nasdaq gains driven by chip stocks and improved sentiment-and a recovery in bitcoin above USD 70,000; it contains no statutory, regulatory, compliance, governance, enforcement, or other legal content.
February 7, 2026
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Hooda-hosted lunch drew MPs across parties; Congress to press issues during Haryana Vidhan Sabha budget session.
Bhupinder Singh Hooda hosted a Delhi lunch attended by over 85 MPs and numerous legislators from multiple parties, including Rahul and Priyanka Gandhi, facilitating cross-party social engagement. Afterwards, Hooda chaired a Congress Legislative Party meeting and indicated the party will seek answers on several public-importance issues during the upcoming Haryana Vidhan Sabha budget session, signalling a planned legislative scrutiny agenda.
February 7, 2026
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Pan masala advertisement: issuance of a non-bailable warrant stayed while the bailable warrant cancellation is pursued.
The state consumer commission stayed issuance of a non-bailable warrant against the celebrity and restrained the district commission from issuing that warrant until the existing bailable warrant is executed, directing the district commission to expeditiously hear the pending application seeking cancellation of the bailable warrant.
February 7, 2026
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Jammu and Kashmir Budget defended as manifesto-driven; opposition brands it partisan and disappointing, citing unmet wage and youth employment needs.
The Jammu and Kashmir government presented a Rs 1.27 lakh crore Budget for 2026-27 defended as reflecting the National Conference manifesto and intended to promote growth, social harmony and prosperity. Opposition parties labelled the Budget partisan and criticised its failure to address long standing concerns of daily wagers, employees, unemployed youth and farmers, accusing the government of repackaging central schemes without new local initiatives. The Congress urged greater central funding given the UT's resource constraints, while business representatives welcomed selected infrastructure and scheme commitments.

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Customs & Trade

‘Namaste Trump scored over Howdy Modi’: Cong takes dig at India-US interim trade pact

February 7, 2026

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New Delhi, Feb 7 (PTI) The Congress on Saturday claimed that the India-US joint statement on an interim trade agreement is "silent" on details and took a swipe at Prime Minister Narendra Modi, saying "all the hugs and photo-ops have not amounted to much".

The opposition party also took a jibe at the government with the iconic line from the Mukesh song "Dost dost na raha" from the 1964 film "Sangam".

Congress general secretary in charge of communications, Jairam Ramesh, said the US-India joint statement just issued is silent on details.

"But from what has been revealed, it is clear that: India will no longer import oil from Russia. Separately, the US has announced that a 25 per cent penalty could be reimposed if India buys oil directly or indirectly from Russia," he said on X.

It has also been revealed that India will slash import duties to help American farmers at the cost of Indian farmers, Ramesh claimed.

"India's annual imports from the USA will triple, wiping out our longstanding goods trade surplus. There will continue to be great uncertainty on India's exports of IT and other services to the US. India's exports of goods to the US will face higher duties than before," Ramesh said.

"All the hugs and photo-ops have not amounted to much. Namaste Trump has scored over Howdy Modi," the Congress leader said, adding, "Dost dost na raha".

India and the US on Saturday announced to have reached a framework for an interim trade agreement under which both sides will reduce import duties on a number of goods to boost two-way trade.

Commenting on the development, Prime Minister Narendra Modi said the agreement will strengthen the 'Make in India' initiative by opening up new opportunities for farmers and entrepreneurs, and create jobs for women and youngsters.

The prime minister also thanked US President Donald Trump for his personal commitment to robust ties between India and the US.

"Great news for India and USA! We have agreed on a framework for an Interim Trade Agreement between our two great nations," Modi said in a post on X.

"It strengthens 'Make in India' by opening new opportunities for India's hardworking farmers, entrepreneurs, MSMEs, startup innovators, fishermen and more. It will generate large-scale employment for women and youngsters," the prime minister said.

According to the interim trade deal, Trump has removed the 25 per cent tariffs, or additional import duty, imposed on India last August for purchasing Russian oil, citing that the country has undertaken "significant steps" and New Delhi has committed to stop directly or indirectly importing oil from Moscow.

The interim pact will open a USD 30 trillion market for Indian exporters, especially MSMEs, farmers and fishermen, as US duties on Indian goods will come down to 18 per cent from 50 per cent earlier.

According to the joint statement, the two countries will "promptly" implement this framework and work towards finalising the interim agreement with a view to concluding a mutually beneficial Bilateral Trade Agreement (BTA).

India will eliminate or reduce tariffs on all US industrial goods and a wide range of American food and agricultural products, including dried distillers' grains, red sorghum for animal feed, tree nuts, fresh and processed fruit, soybean oil, wine and spirits, and additional products, the statement sasid. PTI ASK ARI ARI

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