The Commerce Ministry had suggested to the Department of Revenue to amend the notification for further extension of retaliatory measures for another 45 days.
India is the 37th country to be designated the STA-1 status by the United States.
"I'm ready to go to 500," he told CNBC's Joe Kernen in a "Squawk Box" interview broadcasted on Friday.
Washington increased tariffs at 12:01 a.m. Eastern time on $34 billion worth of Chinese imports, a first step in what could become an accelerating series of tariffs.
"Turkey is committed to active, robust and reciprocal trade relations with the US -- but with the understanding that fairness cannot be one-sided," Economy Minister Nihat Zeybekci said in a statement. "We cannot and will not allow Turkey to be wrongly blamed for America's economic challenges."
The escalating conflict between the world's two largest economies has rattled markets and companies, which fear disruption to their global supply chains.
The decision was announced by US Commerce Secretary Wilbur Ross in an early phone call.
India ranks the best on the criteria termed the Complexity Opportunity Index (COI), which measures how easy it is to redeploy existing knowhow to enter new complex products.
In a special gesture, Modi made the gathering give a standing ovation to Swedish Prime Minister Stefan Lofven who was also present on the occasion.
Ahead of the visit, PM Modi said he was looking forward to deepening bilateral engagement with both the countries in a number of areas including trade, investment and clean energy.
The RBI said the decision to discontinue the practice of LoUs and Letters of Comfort (LoCs) for trade finance comes into force with immediate effect.
The two sides are looking at inking a number of pacts in several key areas apart from exploring the scope of cooperation in fields such as health and traditional medicine during Rouhani's three-day India trip.
The phone call between the two leaders came as the Trump administration threatened tough action against China including punitive tariffs, sanctions and even a trade war.
“Doors for India are always open” China said on Tuesday, adding that it was up to India to join the Belt and Road project.
The government is working towards increasing exports to China to balance a wide trade deficit, Economic Affairs Secretary Shaktikanta Das said on Monday "Our Commerce and Trade Department is working with China to increase
In a view to strengthen the ties between India and the UAE, the two nations decided to come up with an action plan by June to increase bilateral trade by 60 per cent over the
India, Bhutan sign new bilateral trade agreement
The rising tension between India and Pakistan found its echo at an international meet on Afghanistan in Brussels with, New Delhi accusing Islamabad of blocking the development of regional trade. Speaking at a meeting on
Amidst reports that India would soon withdraw the most favoured nation (MFN) status to Pakistan in the aftermath of the Uri terror attack, Assocham today pointed that there hasn’t been any major difference because of
Amidst growing tensions between the two neighbours in the aftermath of the terror attack in Uri, Pakistan has called off a trade exhibition which was scheduled to be held next month in India. "Due
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