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Neha Dasgupta

Exclusive: India's rice exports fall sharply as sanctions delay payments from Iran

24 Jan 2020

NEW DELHI Reluctance among Indian traders to ship premium basmati rice to Iran as U.S. sanctions hobble its ability to pay has contributed to a sharp drop in overall exports from the world's biggest supplier of the grain, trade and government sources said.

U.S. pushing India to buy $5-6 billion more farm goods to seal trade deal-sources

24 Jan 2020

NEW DELHI The United States wants India to buy at least another $5-6 billion (£4.5 billion) worth of American farm goods if New Delhi wants to win reinstatement of a key U.S. trade concession and seal a wider pact, four sources familiar with the talks told Reuters.

EXCLUSIVE-U.S. pushes India to buy $5-6 bln more farm goods to seal trade deal-sources

24 Jan 2020

* India, U.S. work on trade deal ahead of Trump India visit * U.S. wants India to buy more from U.S. agri firms * India deal likely similar to one with China-source By Aditya Kalra and Neha Dasgupta NEW DELHI, Jan 24 The United States wants India to buy at least another $5-6 billion worth of American poultry and farm goods if New Delhi wants to win reinstatement of a key U.S. trade concession, four sources familiar with the talks told Reuters. U.S. President Donald Trump cited trade barriers last year when removing India from its Generalized System of Preferences (GSP) programme that allowed zero tariffs on $5.6 billion of exports to the United States. In retaliation, India slapped higher tariffs on more than two dozens U.S. products. Ahead of a Trump visit to New Delhi to meet Prime Minister Narendra Modi next month, negotiators on both sides are hammering out terms for a trade deal that would include New Delhi rolling back higher tariffs on some farm goods such as almonds, walnuts and apples, one of the sources said. Both governments had hoped to work out a limited trade deal last year, but struggled to reach an agreement. India's commerce ministry and the U.S. Embassy in New Delhi did not respond to a request for comment. The office of the U.S. Trade Representative did not immediately respond outside regular business hours. While India has offered a partial relief on medical device price caps that have hurt American pharma giants and a roll back in tariffs on some U.S. goods, Trump's team wants a sweetener of $5-6 billion in additional trade for U.S. goods to restore GSP privileges, three of the sources said. That demand was conveyed by the United States to India in late December, said two sources. As part of the negotiation, the U.S. wants India to increase imports of frozen poultry products, the first source said. The U.S. has already been pushing India to cut the high import taxes on poultry products. "The deal has to be agriculture focused, the U.S. is putting a number on everything (if India wants GSP back)," said one of the sources. The sources asked not to be named due to the sensitivity of the discussions. Other than the agriculture sector, the United States could be swayed if some of that additional revenue goes to its energy sector, said one of the sources. Indian oil minister Dharmendra Pradhan this week said India was looking forward to extending its energy cooperation with the United States and other countries, but didn't disclose any planned deals. Trump is likely to visit India in late February, in what would be his first visit to the South Asian nation since he took office three years ago. (Reporting by Aditya Kalra and Neha Dasgupta; Additional reporting by Alexandra Ulmer, Nidhi Verma; Editing by Euan Rocha and Toby Chopra)

India says no meeting with Malaysia in Davos as palm row simmers

19 Jan 2020

KUALA LUMPUR/NEW DELHI India's trade minister will not meet with his Malaysian counterpart in Davos next week because of his tight schedule, an Indian trade ministry official said on Sunday, as a spat simmers between the top buyer of palm oil and its biggest supplier.

To defuse palm row, Davos diplomacy likely between India, Malaysia

19 Jan 2020

KUALA LUMPUR/NEW DELHI Trade ministers from India and Malaysia are likely to meet on the sidelines of the World Economic Forum's annual meeting in Davos next week amid a palm oil spat between the two countries, a Malaysian government spokesman told Reuters on Friday.

Exclusive: India plans cuts to imports from Malaysia, Turkey in Kashmir row

15 Jan 2020

NEW DELHI India is planning to cut some imports from Turkey and widen curbs on palm oil from Malaysia to oil, gas and other products, government officials said, targeting the two Muslim-majority countries for their criticism of India's policy toward Kashmir.

Indian broadcasters will ask court to halt new tariff rules - sources

13 Jan 2020

MUMBAI/NEW DELHI Indian broadcasters will on Tuesday ask a court to suspend new government regulations on pay-TV charges they say would put some channels out of business and stifle consumer choice, two sources told Reuters.

UPDATE 1-Indian broadcasters will ask court to halt new tariff rules - sources

13 Jan 2020

MUMBAI/NEW DELHI, Jan 13 Indian broadcasters will on Tuesday ask a court to suspend new government regulations on pay-TV charges they say would put some channels out of business and stifle consumer choice, two sources told Reuters.

India telecoms regulator defends new tariff rules after broadcasters' criticism

13 Jan 2020

NEW DELHI, Jan 13 India's telecom regulator said on Monday its new tariff rules for cable and digital television players were fair and aimed at curbing excessive pricing by some broadcasters.

Exclusive: India's NMDC lined up to mine multibillion-dollar diamond deposit

10 Jan 2020

NEW DELHI State-owned Indian miner NMDC is poised to win a multibillion-dollar contract to explore and mine diamonds at a large project abandoned by global miner Rio Tinto , a leading local government official told Reuters.

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