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India has firmly responded to U.S. President Donald Trump's recent claim that Prime Minister Narendra Modi assured him New Delhi would stop buying oil from Russia. The Ministry of External Affairs (MEA) reiterated on Thursday that India's energy imports are driven solely by the goal of protecting the interests of Indian consumers amid global energy volatility. Earlier, President Trump said he was "not happy" about India's continued oil purchases from Russia and claimed that PM Modi had assured ...Read More >
New Delhi: India on Thursday strongly reiterated that its energy import decisions are driven by domestic consumer interests, rejecting US President Donald Trump's statement that Prime Minister Narendra Modi had "assured" him that India would cease buying Russian oil. Trump, speaking to reporters at the White House on Wednesday, said: "I was not happy that India was buying oil. And he (Modi) assured me today that they will not be buying oil from Russia. That's a big stop." He further added, "Th ...Read More >
Putin India visit: Moscow and New Delhi are working on finalizing the dates for Vladimir Putin's visit to India in December this year, while Foreign Minister Sergey Lavrov is likely to visit the country ahead of the Russian President's trip to prepare for the the summit and discuss bilateral issues, ANI reported on Wednesday, citing sources. Earlier, Sergey Lavrov had announced at the 80th United Nations General Assembly (UNGA) that Russian President Vladimir Putin will embark on a state visit ...Read More >
Peter Navarro, White House senior counselor for trade and manufacturing, has made wild remarks on India recently, calling the country "maharaja of tariffs", "laundromat of Russia" and the Ukraine conflict as "Modi's war". Navarro also said "Brahmins are profiteering at the expense of the Indian people." Asked over his take on Trump's levies and Peter Navarro's remarks, Thiruvananthapuram MP Shashi Tharoor said in an ANI news agency interview that the unfairness of imposition of tariffs "has def ...Read More >
NEW DELHI (Reuters) -India and the United States will hold trade talks in New Delhi on Tuesday, weeks after President Donald Trump imposed punitive tariffs on the South Asian nation's exports, slowing its overall shipments to a nine-month low in August. India and the United States will "fast-track" trade talks, Rajesh Agarwal, India's chief negotiator and a special secretary in its commerce ministry, told reporters at an event for the release of trade data, but gave no details. U.S. trade repr ...Read More >
New Delhi [India] September 16 (ANI): Prime Minister of Mauritius Navin Ramgoolam on Tuesday paid homage to Mahatma Gandhi at Rajghat in the national capital, as part of the concluding leg of his eight-day bilateral visit to India. After paying tribute at the Mahatma Gandhi memorial, Ramgoolam also signed the visitors' book at Rajghat. Also Read | Donald Trump's Advisor Peter Navarro Says India 'Coming to Table' as US Negotiator Brendan Lynch Arrives in India for Trade Talks. Ramgoolam is fur ...Read More >
New Delhi: As US Assistant Trade Representative Brendan Lynch arrives in New Delhi for the crucial trade talks today (Sept 16), President Donald Trump's Senior Trade Advisor Peter Navarro, who in recent days has repeatedly made comments critical of India, made a real gaffe on live TV as he got the sequence of social media communication between Prime Minister Narendra Modi and Trump mixed up. Stating that India was "coming to the table" to negotiate a trade deal, Navarro said it was PM Modi who ...Read More >
Kolkata, Sep 16 (PTI) Economist and former CPI(M) leader Prasenjit Bose joined the Congress during a programme in the metropolis, and asserted that he would support the party in its fight to "save the Constitution". Bose (51) became a part of the Congress at a formal joining ceremony here on Monday in the presence of party leaders Ghulam Ahmad Mir, Syed Naseer Hussain and Kanhaiya Kumar, besides state unit president Subhankar Sarkar. "We have to protect the Constitution, establish a government ...Read More >
(RTTNews) - Indian shares look set to open on a flat note on Tuesday despite mostly positive cues from global markets. Tariff worries may keep investors on edge after Peter Navarro, Donald Trump's trade adviser, on Monday stepped up his attack on India for its trade policies and oil purchases from Russia. Benchmark indexes Sensex and Nifty ended down around 0.2 percent each on Monday due to profit taking after recent gains. While the Sensex snapped a five-day winning streak, the Nifty index s ...Read More >
New Delhi, Sep 14 (SocialNews.XYZ) For the Chinese President Xi Jinping, the 25th SCO summit at Tianjin was a special occasion to launch initiatives designed to push the rise of China as a superpower that could more than match America. Donald Trump's move to impose 'punitive' tariff on India for its oil trade with Russia providing an anti-US backdrop, special invitation extended to President Putin and Kim Jong Un of North Korea to the parade at Tiananmen Square in Beijing on September 3 that wa ...Read More >
India's pivotal shift in consolidating a Russia-India-China (RIC) axis, though tactically alluring, risks rendering it more vulnerable and increasingly isolated as a purported leader of the democratic Global South. The Shanghai Cooperation Organisation (SCO) summit in Tianjin, where Prime Minister Narendra Modi walked hand-in-hand with Xi Jinping and Vladimir Putin, crystallised a new phase of India's strategic signalling at a time when our economy is more interlinked with China and Russia than ...Read More >
New Delhi: Former US National Security Advisor John Bolton has strongly criticised the Trump administration's handling of India-US relations, calling Donald Trump's foreign policy "erratic" and "transactional". He also questioned the appointment of Sergio Gor as the next US Ambassador to India, saying he does not consider him "qualified" for the role. "I don't think he's qualified to be US Ambassador to India," Bolton told ANI, referring to Gor, a former Republican operative and close Trump all ...Read More >
"We have seen the inaccurate and misleading statements made by Navarro, and obviously reject them," external affairs ministry spokesperson Randhir Jaiswal said during a meida briefing. The ministry of external affairs on Friday hit out at the "misleading statements" made by White House trade advisor Peter Navarro about India's purchase of Russian oil. "We have seen the inaccurate and misleading statements made by Navarro, and obviously reject them," external affairs ministry spokesperson Randh ...Read More >
New Delhi: Industry leaders welcomed the recently announced GST reforms, which reduce the number of tax slabs, stating that it will make tax compliance easier while also directly benefiting consumers through lower prices. Jharkhand Chamber of Commerce Joint Secretary Navjot Alang Rubal said that the reduction of the number of slabs from four to two under the new GST structure is a highly positive step. According to Rubal, this reform will greatly benefit the middle and lower-income groups as t ...Read More >
New Delhi, Sep 5 (UNI) India today rejected the statements made by White House Trade Advisor Peter Navarro as ''inaccurate and misleading'' and hoped that relations with US would continue to move forward based on mutual respect and shared interests. ''We have seen inaccurate and misleading statements by Mr Navarro and obviously we reject them,'' External Affairs Ministry spokesman Randhir Jaiswal said at a press conference here. Mr Navarro has in several statements criticised India for buying ...Read More >
NEW DELHI, Sept 1 (Reuters) - India is not "profiteering" from Russian oil imports and its purchases have stabilised markets while keeping prices from rising to as much as $200 a barrel, Hardeep Singh Puri, country's oil minister, said in the Hindu newspaper on Monday. The U.S. has targeted India for its Russian oil purchases, with President Donald Trump imposing tariffs on Indian exports to the U.S. to discourage the country's crude buying. Treasury Secretary Scott Bessent accused India of pr ...Read More >
Amidst US criticism over Russian oil imports, India's Oil Minister Hardeep Puri defended the country's energy strategy, arguing that it stabilises global markets and prevents price surges. Puri refuted claims of undermining sanctions, highlighting adherence to international rules and legal transactions. Amid continuing criticism of India by Trump and his officials over oil purchases from Russia, Oil minister Hardeep Puri on September 1 came up with a strong rebuttal, countering US rhetoric with ...Read More >
(Bloomberg) -- Oil fell as traders looked past US efforts to force India to quit buying Russian crude, and broader markets carried a risk-off tone. Global benchmark Brent dropped below $68 a barrel, while West Texas Intermediate was near $64. White House trade adviser Peter Navarro stepped up the pressure on New Delhi to halt purchases of Russian energy after Washington doubled a levy on imports from the country to 50%. Calling Indians "arrogant," he cast the conflict in Ukraine as "Modi's war, ...Read More >
(Bloomberg) -- Oil fell as traders looked past US efforts to force India to quit buying Russian crude, and broader markets carried a risk-off tone. Global benchmark Brent dropped below $68 a barrel, while West Texas Intermediate was near $64. White House trade adviser Peter Navarro stepped up the pressure on New Delhi to halt purchases of Russian energy after Washington doubled a levy on imports from the country to 50%. Calling Indians "arrogant," he cast the conflict in Ukraine as "Modi's war, ...Read More >
MUMBAI/NEW DELHI, Aug 26 (Reuters) - Indian exporters are bracing for disruptions after a U.S. Homeland Security notification confirmed Washington would impose an additional 25% tariff on all Indian-origin goods from Wednesday, ramping up trade pressure on the Asian nation. Indian exports will face U.S. duties of up to 50% - among the highest imposed by Washington - after President Donald Trump announced extra tariffs as punishment for New Delhi's purchases of Russian oil. The new duties will ...Read More >
India is welcome to export its products to Russia if it is facing trouble entering the US market, a senior Russian diplomat on Wednesday said. Addressing a press conference in the national capital, Russian Deputy Chief of Mission Roman Babushkin said the US' pressure on India over the latter's procurement of Russian crude oil was "unjustified" and "unilateral". "..If Indian goods are facing difficulties entering the US market, the Russian market is welcoming Indian exports....," he said. "The sa ...Read More >
New Delhi, Aug 21 (PTI) India is neither the biggest purchaser of Russian oil nor it has the biggest trade surge with Moscow after 2022, External Affairs Minister S Jaishankar said on Thursday, in what appears to be the first clear response by a top government functionary following the US slapping an additional 25 per cent tariff on Indian goods for buying Russian oil. Jaishankar made the remarks in response to a question at a joint media briefing with Russian Foreign Minister Sergey Lavrov. " ...Read More >
New Delhi, Aug 21 (SocialNews.XYZ) Prominent US economist Jeffrey Sachs on Thursday strongly criticised President Donald Trump's decision to impose steep punitive tariffs on India, calling it one of the worst blunders in American foreign policy. In an interview on the Breaking Points show with Krystal Ball and Saagar Enjeti, Sachs said Trump's tariffs were "not a strategy, but sabotage." He warned that the move, instead of giving the US leverage, ended up pushing India closer to other emerging ...Read More >
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