In a letter to US Trade Representative Robert Lighthizer, the House members suggest an "early harvest" approach that "would ensure that long-sought market access gains for US industries are not held up by negotiations over remaining issues".
The government's plan to organise at least four Mega Shopping Festivals is aimed at providing incentives to small and medium enterprises to sell or export their products.
Finance Minister Nirmala Sitharaman further said that despite all worries on industrial production front in the fourth quarter of 2018-19, "we see clear signs" of improvement up to July 2019.
In their first interaction after Boris Johnson moved to No. 10, Downing Street, Modi and the UK Prime Minister discussed ways to further boost bilateral ties, as they met on the sidelines of the G7 summit here.
The move will hurt American exporters of these 28 items as they will have to pay higher duties, making those items costlier in the Indian market.
New Delhi would be Pompeo's first stop and South Korea his last during the nearly week-long visit to the Indo-Pacific region, beginning June 24, that would also take him to Sri Lanka and Japan.
Of the total estimated potential lost revenue of USD 13 billion, approximately USD 4 billion was due to export misinvoicing and approximately USD 9 billion due to import misinvoicing, it said.
In a statement, the commerce ministry also said that it had anticipated the Trump administration's move which will come into effect on June 5, 2019.
On March 4, President Donald Trump announced that the US intended to terminate India's designation as a beneficiary developing country under the GSP programme.
The President has repeatedly claimed that India is a 'tariff king' and imposes 'tremendously high' tariffs on American products.
After receiving the consignment, traders on the Indian side sell California almonds at the prevailing market price and make an extra and undue profit due to the under-invoicing.
Trump has repeatedly claimed that India is a 'tariff king' and imposes 'tremendously high' tariffs on American products.
India has been pressing China to open the IT and Pharmaceutical sectors for Indian firms to reduce the massive trade deficit.
The US is understood to have told India that the Trump administration is willing to review its decision to revoke its GSP privileges to India, if New Delhi comes with a credible proposal to address the market access issues being talked about for nearly a year.
US President Donald Trump said on Monday he intends to end India's preferential trade treatment under a program that allows $5.6 billion worth of Indian exports to enter the United States duty free.
Trump said the US could not allow a country to charge it 100 per cent while it got nothing for the exact same product.
In October last year, Trump described India as a "tariff king" as he reiterated his allegations that New Delhi has a high tariff rate on various American products.
President Donald Trump issued a presidential proclamation on Tuesday, leading to the removal of these products from the privilege beginning November 1.
Union Home Minister Amit Shah along with Gujarat Chief Minister Bhupendra Patel attends the inaugural ceremony of a new mega milk powder plant and new packaging film plant of Amul, in GandhinagarPTI Photo
Former Union Minister Vijay Goel along with supporters holds a demonstration at the ITO Chowk against Kejriwal government calling its fight against pollution only a drama, in New Delhi.PTI Photo/Kamal Singh
Uttar Pradesh ADG (Law and Order) Prasant Kumar (L) and UP Principal Secretary Deepak Kumar address a press conference on the cancellation of the UPTET Exam 2021, at Lok Bhawan in Lucknow.PTI Photo/Nand Kumar
Leaders from various parties join the BJP in presence of the party's State unit President Swatantra Dev Singh and Deputy C M Dinesh Sharma, in Lucknow.PTI Photo/Nand Kumar
A health worker collects swab samples of a vendor for COVID-19 testing at a market in the wake of spike in coronavirus cases, in Jammu.PTI Photo
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