X a/cs of China's GT, Turkiye's TRT, Reuters withheld
This demand can be a court order, or a request from the Centre that was probably made during Op Sindoor to contain misinformation. At that time, X accounts of Chinese news agency Xinhua had been blocked, but it can now be accessed in India.
Also, the handle of news agency Reuters was withheld on Saturday. A govt spokesperson said, "There is no requirement from GOI to withhold this handle. We are continuously working with X to resolve the problem."
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Time of India
40 minutes ago
- Time of India
Brazil's president tells Trump world does not want 'emperor' after US threatens BRICS tariff
Developing nations at the BRICS summit on Monday brushed away an accusation from President Donald Trump that they are "anti-American," with Brazil's president saying the world does not need an emperor after the U.S. leader threatened extra tariffs on the bloc. Trump's threat on Sunday night came as the U.S. government prepared to finalize dozens of trade deals with a range of countries before his July 9 deadline for the imposition of significant "retaliatory tariffs." The Trump administration does not intend to immediately impose an additional 10% tariff against BRICS nations, as threatened, but will proceed if individual countries take policies his administration deems "anti-American," according to a source familiar with the matter. At the end of the BRICS summit in Rio de Janeiro, Lula was defiant when asked by journalists about Trump's tariff threat: "The world has changed. We don't want an emperor." "This is a set of countries that wants to find another way of organizing the world from the economic perspective," he said of the bloc. "I think that's why the BRICS are making people uncomfortable." Live Events In February, Trump warned the BRICS would face "100% tariffs" if they tried to undermine the role of the U.S. dollar in global trade. Brazil's BRICS presidency had already backed off efforts to advance a common currency for the group that some members proposed last year. But Lula repeated on Monday his view that global trade needs alternatives to the U.S. dollar. "The world needs to find a way that our trade relations don't have to pass through the dollar," Lula told journalists at the end of the BRICS summit in Rio de Janeiro. "Obviously, we have to be responsible about doing that carefully. Our central banks have to discuss it with central banks from other countries," he added. "That's something that happens gradually until it's consolidated." Other BRICS members also pushed back against Trump's threats more subtly. South African President Cyril Ramaphosa told reporters that the group does not seek to compete with any other power and expressed confidence in reaching a trade deal with the U.S. "Tariffs should not be used as a tool for coercion and pressuring," Mao Ning, the Chinese foreign ministry spokesperson said in Beijing. The BRICS advocates for "win-win cooperation," she added, and "does not target any country." A Kremlin spokesperson said Russia's cooperation with the BRICS was based on a "common world view" and "will never be directed against third countries." India did not immediately provide an official response to Trump. Many BRICS members and many of the group's partner nations are highly dependent on trade with the United States. New member Indonesia's senior economic minister, Airlangga Hartarto, who is in Brazil for the BRICS summit, is scheduled to go to the U.S. on Monday to oversee tariff talks, an official told Reuters. Malaysia, which was attending as a partner country and was slapped with 24% tariffs that were later suspended, said that it maintains independent economic policies and is not focused on ideological alignment. MULTILATERAL DIPLOMACY With forums such as the G7 and G20 groups of major economies hamstrung by divisions and Trump's disruptive "America First" approach, the BRICS group has presented itself as a haven for multilateral diplomacy amid violent conflicts and trade wars. In a joint statement released on Sunday afternoon, leaders at the summit condemned the recent bombing of member nation Iran and warned that the rise in tariffs threatened global trade, continuing its veiled criticism of Trump's tariff policies. Hours later, Trump warned he would punish countries seeking to join the group. The original BRICS group gathered leaders from Brazil, Russia, India and China at its first summit in 2009. The bloc later added South Africa and last year included Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates as members. Saudi Arabia has held off formally accepting an invitation to full membership, but is participating as a partner country. More than 30 nations have expressed interest in participating in the BRICS, either as full members or partners. Economic Times WhatsApp channel )
Time of India
an hour ago
- Time of India
Karnataka must win over Tamil Nadu to unlock Mekedatu dam project, say experts
Bengaluru: Experts believe the impasse over the Mekedatu balancing reservoir project would not be permanent if Karnataka changes its approach from confrontation to collaboration. Planned at the confluence of Cauvery and Arkavathi rivers in Bengaluru South district, the Rs 9,000-crore project aims to store 48tmcft of water, supply 4.7tmcft for Bengaluru's drinking needs, and generate 400Mw of hydropower. Karnataka claims the project will help regulate water flow, prevent droughts and floods, and recharge groundwater. Despite political unity within Karnataka, the project has failed to move forward due to Tamil Nadu's opposition and pending approvals from central agencies. Tamil Nadu fears the dam will reduce its share of Cauvery water. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru A 2018 Supreme Court verdict on the Cauvery water-sharing issue did not prohibit Karnataka from building a dam at Mekedatu, but it said any such project must be cleared by Cauvery Water Management Authority (CWMA), which is bound to consider Tamil Nadu's objections. Although both states are now partners of the INDIA bloc, the dispute remains. For Karnataka, which is battling erratic rainfall and mounting demand in Bengaluru, shelving the project is not an option. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo The state assembly has repeatedly passed unanimous resolutions demanding early clearance, escalating tensions with Tamil Nadu. Deputy chief minister DK Shivakumar, who led a 168-km padyatra in 2023 ahead of the assembly polls in support of the project, has been less vocal in recent months. He continues to express commitment but blames the Centre for not facilitating inter-state talks or granting approvals. Experts say Karnataka must reposition the project as a cooperative effort. "This is a project that can move forward but only if Karnataka stops presenting it as a unilateral exercise," said Dr Roopesh Kumar, a retired professor and water policy expert. "It should bring Tamil Nadu into the process. There is room for negotiation under the Cauvery tribunal framework if Karnataka can prove that the project won't affect flows to Tamil Nadu. " Political analyst Vishwas Shetty believes Karnataka's unity on the project offers leverage. "This is a rare issue where all Karnataka parties agree. The state can use that consensus to build pressure on the Centre," he said. "But Karnataka must first assure Tamil Nadu through diplomatic and technical channels that its water share won't be compromised." JD(S) state chief and Union minister HD Kumaraswamy also urged a direct dialogue between states. "The Congress govt in Karnataka should convince the DMK govt in Tamil Nadu to clear the project. I will then get clearance from Prime Minister Narendra Modi in five minutes," he said. Tamil Nadu had passed resolutions opposing the project, citing the Inter-State River Water Disputes Act, 1956, and moved the Supreme Court. "Any construction across the Cauvery by Karnataka will violate both tribunal and court orders," a senior Tamil Nadu official said. Karnataka maintains Mekedatu is a non-irrigation project and does not threaten Tamil Nadu's allocation of 404tmcft under the tribunal's final award and the apex court's revised 2018 order. Karnataka's allocation is 284tmcft. A Central Water Commission official, who spoke on condition of anonymity, said Karnataka must back its case with data. "Karnataka needs to submit a fresh, detailed project report with real-time data on flow, storage, and release mechanisms. If the DPR is watertight and shows that regulated releases will ensure Tamil Nadu's share, the Centre and CWMA may find it difficult to reject." A senior Jal Shakti ministry official said CWMA could mediate too. "CWMA's role isn't only to monitor releases; it can facilitate coordinated efforts to manage water resources. If both states are willing to discuss safeguards, a resolution is not impossible."
Economic Times
an hour ago
- Economic Times
Local electronics parts vendors plan non-Chinese JVs
Indian electronics companies are seeking partnerships. They are looking at South Korean, Taiwanese, and Japanese firms. This is for electronics component manufacturing. The reason is India's stance on Chinese investments. Companies like Dixon and Amber are finalising proposals. The electronics component manufacturing scheme deadline is approaching. The scheme aims to boost domestic value addition. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Technical alliance Raising local value addition Tired of too many ads? Remove Ads Kolkata: As the deadline for submitting applications for the electronics component manufacturing scheme draws near, home-grown contract manufacturers such as Dixon Technologies Epack Durable , Micromax's Bhagwati Products and Optiemus are finalising most of their proposals with South Korean, Taiwanese and Japanese companies as equity partners, CEOs of these Indian firms development is significant as China was the largest sourcing market for products and parts, as well as partnerships and JVs till now. Their decision stems from India's tough stand against Chinese FDI, which needs multi-ministerial nod under Press Note 3 move could also be attributed to continued business related conflicts such as the neighbouring country's rare earth magnet export curbs imposed on India, among other Press Note 3 norms were issued after the border clashes with China in 2020. Since then only a handful of large Chinese companies have received such clearances.'There is no denying that China is far ahead in large-scale component technology manufacturing, but we are careful about the government stand, as not just the initial investment will need government clearance, but even the subsequent ones. Such clearances will take a lot of time, impact our plans and incentive payout under the scheme,' said a CEO of one of the largest players in the industry.'So, wherever we have found the technology in Taiwan and South Korea, we would use that while for others we are still dependent on China. But we are trying to negotiate for a technical alliance or a minority shareholding with them,' he said, requesting Enterprises will put in Rs 4,000 crore application under component manufacturing scheme which will be invested through the tenure of the scheme, CEO Jasbir Singh part of a joint venture with South Korea's Korea Circuit, a Rs 3,000 crore application for manufacturing of high density interface and semiconductor substrates and a Rs 1,000 crore application for printed circuit board manufacturing will be submitted, said Singh. Amber is the largest contract manufacturer for largest home-grown smartphone contract manufacturer Dixon Technologies' managing director Atul Lall said the company is currently finalising its applications and terms for joint ventures with South Korean and Taiwanese firms. 'There might be applications with Chinese too, but the terms are being finalised,' he Products is betting on Korean, Taiwanese and Chinese firms for equity joint ventures and technical collaboration depending upon the approval from competent authority, said its director Rajesh window for applications under the electronics component manufacturing scheme closes by the end of July. The scheme has a budget outlay of ?22,919 crore and is spread over six years, with one year as gestation is aimed at developing a robust component ecosystem by attracting large investments, increasing domestic value addition, which is at 20% on an average at present, and integrating Indian companies with global value government has said it expects to attract investment of Rs 59,350 crore to produce goods worth Rs 4,56,500 crore and generate additional direct employment of 91,600 people, besides many indirect jobs during its tenure. Already, over 100 applications have been received under the Gupta, MD (operations), PG Electroplast, said the company will submit 4-5 applications, including with non-Chinese Optiemus, Taiwanese companies are the first preference for joint ventures, said executive chairman Ashok Durable will submit two applications of Rs 300 crore in total for components for sound, printed circuit board assembly and display, said its managing director Ajay DD Singhania. 'Our first priority is non-Chinese partners from Taiwan, South Korea and Japan,' he said.A company CEO said that it was a sensitive issue for companies having Chinese brands as clients as the existing component manufacturers for those brands are all mostly Chinese. 'Some are Taiwanese too. So, we are talking to the clients too before finalising the applications,' he said.
