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“Golden letter day,” says Piyush Goyal on India-US trade deal framework; assures farmers, MSMEs of protection
organiser59d ago

“Golden letter day,” says Piyush Goyal on India-US trade deal framework; assures farmers, MSMEs of protection

NEW DELHI: Union Commerce Minister Piyush Goyal underlined the significance of the announcement of the interim framework of the India-US trade agreement, stating that today will be “etched in golden letters.” The Commerce minister, assuring that Indian farmers remain protected in this agreement, noted the significant lowering of US tariffs to 18 per cent from 50 per cent, opening up a USD 30 trillion economy to Indian exporters. “Today is a crucial day in India’s journey towards becoming a developed nation. Prime Minister Modi and the US President initiated discussions in February 2025. Today will be etched in golden letters,” he said while addressing a press conference on Saturday. Highlighting the key achievement of the deal, Piyush Goyal said, “A USD 30 trillion economy is now open to our exporters. This joint statement gives every Indian citizen an opportunity for new hope, enthusiasm, and new resolutions. The 50 per cent tariff that Indian exporters faced will now be only 18 per cent. We will have the lowest tariffs compared to our neighbouring countries. Exporters of gems and pharmaceuticals will face zero duty in the US.” Under the decisive leadership of PM @NarendraModi ji, India has reached a framework for an Interim Agreement with the US. This will open a $30 trillion market for Indian exporters, especially MSMEs, farmers and fishermen. The increase in exports will create lakhs of new job... pic.twitter.com/xYSjxML6kt — Piyush Goyal (@PiyushGoyal) February 7, 2026 Assuring the benefits to Indian farmers, Piyush Goyal said, “I can say with absolute certainty that the farmers, MSMEs, artisans, and craftsmen of India will not suffer any kind of loss.” Also Read: RSS @100 – Resolve for Selfless Service: “Sangh is Bhagavad Gita in action in the modern context,” says Mukul Kanitkar “Considering how the interests of our farmers have been protected, the interests of farmers and the dairy sector have been protected. I believe that the joint statement between the United States and India, which was finalised late last night and presented to the world, has been welcomed in every corner of the country. Even this morning, I was watching a video. A simple artisan from Sambhal in Uttar Pradesh, working in the handicrafts sector, was saying, “Now the tariff is eighteen per cent. Now we’re in luck, we’ll benefit greatly. New orders will come in, and there will be progress.” These were his words, which I heard this morning on an X (formerly Twitter) handle from a journalist who had interviewed him...Under this agreement, the reciprocal tariff of fifty percent that was levied on Indian exports to the US will now be reduced from fifty percent to just eighteen percent. Eighteen percent is lower than the tariffs imposed by all our neighboring countries and other countries with whom we compete, and this will greatly benefit us and our exporters in the coming days,” the Minister added. India and the US announced a framework for an Interim Agreement regarding reciprocal and mutually beneficial trade. The joint statement said that the framework reaffirms the countries’ commitment to the broader Bilateral Trade Agreement (BTA) negotiations, launched by President Donald Trump and Prime Minister Narendra Modi on February 13, 2025, which will include additional market access commitments and support more resilient supply chains. The United States will also remove tariffs on certain aircraft and aircraft parts from India, which were imposed to address national security threats, the joint statement said. According to the statement, India will eliminate or reduce tariffs on all US industrial goods and a wide range of S food and agricultural products, including dried distillers’ grains (DDGs), red sorghum for animal feed, tree nuts, fresh and processed fruit, soybean oil, wine and spirits, and additional products. India also intends to purchase USD 500 billion of US energy products, aircraft and aircraft parts, precious metals, technology products, and coking coal over the next five years. (With inputs from ANI)

#ECONOMY
An ‘Inverted Alt Season’? Analyst Explains How The Altcoins Market Has Changed
newsbtc59d ago

An ‘Inverted Alt Season’? Analyst Explains How The Altcoins Market Has Changed

While some consider the altcoins season may never come, others believe the altcoin market has changed, suggesting that a different version of the highly anticipated rally is in its early stages. Related Reading: Ethereum Targets April 2025 Lows As Price Drops Below $2,000 – What’s Next For ETH? ‘Inverted Altcoin Season’ Just Begun On Friday, the market recovered 15% from its multi-year lows, with most cryptocurrencies bouncing in the short-term timeframe. Amid the recent crash, investors’ sentiment has sunk to its lowest levels since 2022, with many expressing concerns about the future performance of altcoins. Market observer Ali Martinez discussed how the long-awaited altcoin season might have started, but not in the way most investors expected. In an X post, the analyst highlighted that after Bitcoin bottomed in November 2022, a nearly three-year bull run began, which carried the flagship crypto to its October all-time high (ATH). “During that entire period, many traders kept waiting for a traditional altcoin season: the familiar phase where Bitcoin rises and capital rotates broadly into altcoins, lifting nearly everything together,” he noted. However, unlike a traditional alt season, the market didn’t see altcoins rally all at once this cycle. Instead, many altcoins have been simultaneously breaking down structurally, with “channels that held for years (...) failing, support levels (...) giving way, and downside expansions (...) accelerating.” To him, “we are witnessing what I would call an inverted altcoin season.” Martinez noted the performance of cryptocurrencies like Filecoin (FIL), Polkadot (DOT), Avalanche (AVAX), and Cardano (ADA), which have either completed or started the breakdown from their macro channel supports. He considers this to be where new opportunities emerge: For traders willing to shift their bias, this environment has created meaningful opportunities — especially on the short side. (...) What’s important is that this pattern isn’t finished playing out. As a result, the analyst affirmed that the new inverted altcoin season is in its early stages, concluding that this cycle, it “didn’t arrive as a broad rally. It arrived as a selective unwind.” No More Broader Altcoins Rally? During a Thursday panel at the Ondo Summit 2026, Bitget’s CEO Gracy Chen discussed what crypto will look like in 2030. The executive predicted that the Real-World Asset (RWA) sector will grow significantly in the next four years, with “everything tokenized.” However, she also shared the “controversial opinion” that the highly anticipated alt season “may never come” and that altcoins could never rally all at once again, which would be “a little bit tricky” for crypto businesses, she added. Others have previously discussed market changes and whether the “old cycles” for Bitcoin and altcoins still hold. Last year, analyst Altcoin Sherpa asserted that the crypto market is in a “hyper-accelerated regime.” He explained that the earlier cycles consisted of euphoric, corrective, and accumulation phases before the start of a recovery phase. Meanwhile, the market now experiences short-term uptrends followed by mid-term downtrends under the new regime. “We have 1-3 months of pump followed by 2-6 months of downtrend and rinse repeat,” he wrote. “There is no more euphoria where things go berserk for an entire year. Just 1-3 months and then down.” Related Reading: Solana Eyes Deeper Correction As Bearish Pattern Confirmation Targets $40 Based on the new system, he advised traders not to expect 2021-like market conditions for most altcoins or a traditional Alt season. Instead, Altcoin Sherpa suggested that investors should capitalize on shorter rallies while being aware of their limited duration. Nonetheless, he noted that, unlike previous cycles, altcoins will also recover faster and won’t take over a year to bottom and accumulate before a fresh leg up begins. Featured Image from Unsplash.com, Chart from TradingView.com

#TECH
2-nanometre Qualcomm chip unveiled; Ashwini Vaishnaw sets Semicon 2.0 roadmap
startupnews59d ago

2-nanometre Qualcomm chip unveiled; Ashwini Vaishnaw sets Semicon 2.0 roadmap

Bengaluru (Karnataka) [India], February 7 (ANI): Union Minister for Electronics and IT Ashwini Vaishnaw on Saturday unveiled a high-tech 2-nanometre chip manufactured by Qualcomm. On the occasion, the minister underscored the country’s rapid progress in building an end-to-end semiconductor ecosystem. Speaking at the event, Vaishnaw said the development marks a shift from India’s earlier role [...]

#TECH
Everyone Says AI Is Insecure, So I Measured It
hackernoon59d ago

Everyone Says AI Is Insecure, So I Measured It

The rise of sophisticated language models has necessitated the development of robust mechanisms for interaction with external resources. The MCP protocol acts as a secure intermediary, allowing the language model to extend its capabilities beyond its internal knowledge. MCP is often cited as evidence that “AI systems are dangerous,” yet it is concrete, open source, widely replicated, and measurable.

#TECH
iOS 26.3 – 5 Ways It Will CHANGE Your iPhone
geeky_gadgets59d ago

iOS 26.3 – 5 Ways It Will CHANGE Your iPhone

Apple’s iOS 26.3 update, scheduled for release on February 9, 2024, brings a range of improvements aimed at enhancing privacy, security, functionality, and overall performance. While it doesn’t introduce innovative features, the update focuses on practical enhancements that refine usability and efficiency. Below is a detailed look at the key updates and their impact on [...]The post iOS 26.3 – 5 Ways It Will CHANGE Your iPhone appeared first on Geeky Gadgets.

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Victims urge tougher action on deepfake abuse as new law comes into force
theguardiantheguardian59d ago

Victims urge tougher action on deepfake abuse as new law comes into force

Campaigners welcome criminalisation of non-consensual AI-generated explicit images but say law does not go far enoughVictims of deepfake image abuse have called for stronger protection against AI-generated explicit images, as the law criminalising the creation of non-consensual intimate images comes into effect.Campaigners from Stop Image-Based Abuse delivered a petition to Downing Street with more than 73,000 signatures, urging the government to introduce civil routes to justice such as takedown orders for abusive imagery on platforms and devices. Continue reading...

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