India-US trade deal highlights | Foreign secretary Misri says ‘national interest’ guiding factor for oil procurement

India US trade deal LIVE: The Lok Sabha was adjourned for the day on Monday Leader of Opposition Rahul Gandhi’s demand to speak about the India-US trade agreement.

Congress women Members of Parliament wrote a letter to Lok Sabha Speaker Om Birla on Monday, rejecting allegations that their protest created a threat to Prime Minister Narendra Modi.

Foreign secretary Vikram Misri on Monday said that India will maintain multiple sources of energy and diversify them to ensure stability, with national interest guiding all purchases.

This came amid controversy over US claims of India ending Russian crude purchases as part of a trade deal with Washington.

India US trade deal LIVE: India will maintain multiple sources for crude oil purchases and diversify them to ensure stability in the supply chain with national interests remaining the "guiding factor" for the procurement, Foreign Secretary Vikram Misri said on Monday amid a swirling controversy over Washington's claim that New Delhi has agreed to stop importing Russian oil, PTI reported.

India US trade deal LIVE: Commerce and Industry Minister Piyush Goyal will hold a meeting with representatives of export promotion councils and industry associations on February 11 here amid finalisation of trade pacts with the US and the European Union, PTI reported citing an official said on Monday.

The meeting is important as India and the US have finalised a framework for signing the first phase of the bilateral trade agreement.

India US trade deal LIVE: RJD MP Manoj Kumar Jha on Saturday criticised the India-US interim trade agreement, questioning the government’s portrayal of the deal as a success. He claimed that India’s tariffs, which historically averaged 2.9%, had been raised to 50% under pressure and are now being cut to 18%.

“Is this something to celebrate? Aren’t you misleading the entire nation?” Jha asked, warning that as the deal takes further shape and its implications become clearer, it could lead to unrest on the streets, reported ANI.

India-US trade deal LIVE: DMK Rajya Sabha member P Wilson on Monday accused the government of "abject surrender" to the US in striking a "one-sided" trade deal.

Participating in a general discussion on the Union Budget 2026-27 in the Upper House, Wilson alleged that "weaponisation of tariff" by the US would have pressured the Indian government and claimed the trade deal will cause irreparable hardships to India's domestic manufacturers and farmers.

India-US trade deal LIVE: The reduced tariffs, especially, mean a lot for a range of labour-intensive sectors, such as textiles and apparel, leather and footwear, plastics and rubber. The 32 percentage-point drop has restored the competitiveness of these sectors against rivals in Bangladesh, China and Vietnam in the US market.

The trade deal also allows zero duties on Indian exports like gems and diamonds, generic pharmaceuticals, and aircraft parts.

India-US trade deal LIVE: Talking about the trade deal with US, Shiv Sena (UBT) MP Priyanka Chaturvedi said, “This is not a confident trade deal. This is a treacherous deal where the US has issued a decree dictating what kind of deal India should sign... They have completely handed over our national interest and national policy to the USA for them to decide”

Calling it a ‘betrayal’, she asked “under what compulsion was this done?”

India-US trade deal LIVE: Union Commerce and Industry Minister Piyush Goyal on Saturday said that India has opened its markets for certain US products under the interim trade agreement, including Distiller’s Dried Grains with Solubles (DDGS), wines, and spirits.

He added that a minimum import price has been set for these products to balance trade while protecting domestic interests.

India-US trade deal LIVE: BJP leader Rudra Narayan Pany on Monday said India and Odisha will fully benefit from the trade deal. “They were talking about a 50% tariff, and now they have come down to 18%... The Congress is misleading other opposition parties and creating a ruckus in the House. They are not allowing the House to function,” he said.

India-US trade deal LIVE: On US-India interim trade deal, Samajwadi Party chief Akhilesh Yadav on Monday said, “The BJP doesn't want to debate fundamental issues, it has given a $500 billion market to America. Their 'Make in India' lion has rusted away.”

He further questioned that the centre has put up millet advertisements at every airport, and yet you are importing it from abroad. “Can't we even feed our own animals?” he added.

India-US trade deal LIVE: Under the India-US interim trade agreement, several Indian exports to the United States will enjoy zero tariffs, giving a significant boost to key sectors, said Piyush Goyal at the press conference on Sunday

These include gems and diamonds, pharmaceuticals, and smartphones. In the agricultural sector, a wide range of products will also attract zero duty, including spices, tea, coffee and their derivatives, coconut and coconut oil, vegetable wax, areca nut, Brazil nut, cashew nut, chestnut, as well as many fruits and vegetables.

India-US trade deal live: Congress MP Sukhdeo Bhagat on Monday hit out at the Central government for "suppressing the voice of Opposition." He claimed that it is a sad state of affairs with how things are being "imposed" in the House, which is why the Opposition MPs are bringing in a no-confidence motion.

Opposition MPs continued to demand a discussion on the India-US interim trade framework, and the Lower House of Parliament was adjourned till February 10.

India-US trade deal live: Union Minister of Agriculture and Farmers' Welfare, Shivraj Singh Chouhan, while addressing a press conference at his residence in Bhopal, described the recent trade deal between India and the United States as "historic and unprecedented".

He stated that this agreement will prove to be one that imparts new momentum and reaches new heights for the Indian economy. “The trade deal is not merely a commercial agreement; it is also a symbol of India's rising global prestige,” he said.

India-US trade deal live: Criticising the recently announced India-US interim trade framework as "deeply unfair" and akin to "economic coercion", Karnataka Chief Minister Siddaramaiah called for Prime Minister Narendra Modi to "take responsibility and immediately resign" for allowing the deal.

"The interim trade deal announced by Prime Minister Narendra Modi and US President Donald Trump did not come from equal and fair negotiations," said CM Siddaramaiah on X.

India-US trade deal live: Congress MP Manish Tewari on Monday said the government has gone to great lengths to make Parliament ineffective.

Speaking to the reporters, Tewari said, "The government has walked an extra mile to ensure that the supreme legislative institution in the country becomes redundant."

The Congress leader said the Opposition was not allowed to raise serious issues in Parliament, including the Indo-US trade framework, a US executive order on Russian oil.

India-US trade deal live: On Friday, the White House released an India-US joint statement, revealing a 12-point framework.

The US said that India has agreed to remove or reduce duties on all American industrial products. US said it will apply an 18% reciprocal tariff on originating goods from India, covering categories such as apparel, leather, footwear, etc.

Washington said it will withdraw duties on certain Indian aircraft and aircraft components. It also said that India intends to purchase $500 billion worth of American energy and aviation products.

India-US trade deal live: The letter to Lok Sabha speaker Om Birla comes after repeated disruptions in the Lok Sabha last week, during which the Prime Minister did not deliver his scheduled reply to the debate on the President’s Address.

Speaker Om Birla had said he received “reliable information” that some Congress MPs might reach the Prime Minister’s seat and cause “unexpected incidents” when Modi was scheduled to speak. He also criticised Opposition members for their conduct and said he advised the Prime Minister not to come to the House at that time.

India-US trade deal live: Benchmark equity indices Sensex and Nifty extended their gains for the second straight session on Monday, driven by optimism over the India-US trade deal and robust buying, PTI reported.

The 30-share BSE Sensex jumped 485.35 points, or 0.58 per cent, to close at 84,065.75. During the day, the benchmark surged 734.28 points, or 0.87 per cent, to hit an intraday high of 84,314.68.

India-US trade deal live: In his notice, DMK leader Tiruchi Siva said that Piyush Goyal violated the privilege of Parliament by announcing the details to the press about the trade deal with the USA first and not doing so in the Rajya Sabha or Lok Sabha when they were in session.

The DMK leader cited a past instance from 1980, when senior BJP leader LK Advani objected to the government announcing the dissolution of the Delhi Metropolitan Council outside the House while it was in session.

India-US trade deal live: Congress women Members of Parliament wrote a letter to Lok Sabha Speaker Om Birla on Monday, rejecting allegations that their protest created a threat to Prime Minister Narendra Modi. In the letter, they also asserted that his absence from the House during the debate on the Motion of Thanks to the President’s Address was “an act of fear”.

In a letter, the MPs described the Speaker’s remarks against women Opposition members as “false, baseless, and defamatory”.

India-US trade deal live: Donald Trump, in his Truth Social post, claimed that PM Modi "agreed to stop buying Russian oil, and to buy much more from the United States and, potentially, Venezuela".

On Friday, Trump signed an executive order that eliminates the 25 per cent penalty tariff imposed on India for its Russian energy purchases.

In his executive order, Trump reiterated the claim that India would stop purchasing oil from Russia. “Specifically, India has committed to stop directly or indirectly importing Russian Federation oil," it said.

India-US trade deal live: Congress MP Karti Chidambaram on Monday took a dig at the Centre on the issue of stopping Russian Oil purchase as claimed by White House.

In an X post, Karti Chidambaram questioned the Centre's Cabinet system and the coherence among ministers. “Anyone who thinks that we have a Cabinet system of governance is living in la-la land. Piyush Goyal doesn't know, S Jaishankar doesn't know & Shivraj Singh Chouhan doesn't know. Who knows?” the post read.

India-US trade deal live: Samajwadi Party chief Akhilesh Yadav on Monday launched a sharp attack on the BJP-led Centre over the newly announced US-India interim trade deal. Speaking to ANI, Yadav accused the government of "handing over India's market to America" and abandoning the spirit of 'Make in India'.

His remarks come after the United States and India recently announced a framework for an Interim Agreement on reciprocal, mutually beneficial trade.

India-US trade deal live: DMK MP Tiruchi Siva on Monday submitted a notice of breach of privilege in the Rajya Sabha against Union Commerce Minister Piyush Goyal for giving details of the Indo-US trade deal outside the House when Parliament was in session, PTI reported.

When the House met for the day, Siva mentioned the notice, saying Goyal had announced details of a policy decision of the government outside the House.