Ensure success of nation-wide strike: CPI
The resolution condemned the Central government's policies as anti-people, anti-worker, and anti-farmer, blaming them for the hardships faced by the people. It said that the neoliberal economic reforms implemented at the behest of global financial powers, had led to the complete surrender of the Indian economy to corporate capital.
The CPI accused the Centre of prioritising corporate interests while disregarding the welfare of ordinary citizens. It criticised the privatisation of key public sector institutions, including the Railways and defence production units, which, the party said, were vital to the country's economic self-reliance.
Terming the situation grave, the party called for a relentless mass protest to reverse the policies. The party called upon farmers, workers, and traders to actively participate in the strike to send a strong message against what it described as the Centre's corporate-driven agenda.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
32 minutes ago
- Time of India
School Assembly Headlines for July 7th: Check all the national, international, sports, and business news here
Stay informed with the latest developments across national, international, business, and sports spheres. Highlights include PM Modi's visit to Argentina, Elon Musk's new political party, and Shubman Gill's historic performance in Test cricket. School Assembly Headlines for July 7, 2025: National News UK team inspects grounded F-35 Jet in Kerala British technicians have arrived in Thiruvananthapuram to assess the F-35 fighter jet that made an emergency landing last week. Sanjay Raut slams forced Hindi in schools Shiv Sena MP Sanjay Raut said while Hindi deserves respect, imposing it in primary education undermines regional language rights. Arms dealer declared fugitive by Delhi Court Live Events A Delhi court has declared UK-based arms dealer Sanjay Bhandari a fugitive, following a request from the Enforcement Directorate. Dalai Lama hopes to live 30–40 more years As he nears 90, the Dalai Lama expressed hope to live several more decades to continue his global humanitarian mission. PM Modi receives warm welcome in Argentina Prime Minister Modi was greeted by the Indian diaspora in Argentina ahead of key bilateral discussions. School Assembly Headlines for July 7, 2025: International News Elon Musk launches 'America Party' after Trump rift Tech mogul Elon Musk introduced a new political platform, the "America Party," following tensions with Donald Trump. PM Modi, Argentine President hold bilateral talks India and Argentina discussed enhanced cooperation in defense, trade, and energy during PM Modi's official visit. China dismisses Dalai Lama's authority on reincarnation A Chinese envoy asserted that the Dalai Lama has no role in the reincarnation process, maintaining it is under state control. Pakistan blames India for Pahalgam aftermath Pakistan's Prime Minister criticized India over the Pahalgam terror incident, accusing it of using the attack to destabilize peace. Trump signs new economic reform bill Donald Trump signed a wide-ranging economic bill into law, featuring tax cuts and significant reductions in government spending. School Assembly Headlines for July 7, 2025: Sports News Animesh Kujur breaks national record Animesh Kujur set a new benchmark in Indian sprinting at a track event in Greece, becoming the country's fastest man. Steve Smith rescues Australia in windies clash Steve Smith led Australia's resistance with a composed innings against a potent West Indies pace attack. Shubman Gill sets new test record Shubman Gill made history by becoming the first cricketer to score both a double-century and 150+ in a single Test match. School Assembly Headlines for July 7, 2025: Business News Zomato appoints Aditya Mangla as delivery CEO Aditya Mangla has been named the new CEO of Zomato's food delivery business, marking a leadership shift. Public sector banks to add 50,000 jobs India's public banks are set to hire around 50,000 new employees this year to support increased operations. IIT Madras plans ₹200 cr venture capital fund IIT Madras is preparing to launch a ₹200 crore VC fund to invest in tech startups and promote innovation. School Assembly Headlines for July 7, 2025: Thought of the Day "Man needs his difficulties because they are necessary to enjoy success." — Dr. A.P.J. Abdul Kalam
Mint
an hour ago
- Mint
India-US interim trade deal: New Delhi draws red lines as Trump's deadline approaches, says ball in Washington's court
With India setting its red lines on key issues in sectors such as agriculture and dairy for the proposed interim trade agreement with the US, the ball is now in Washington's court to finalise the deal, sources said. They said if issues are settled, an interim trade pact could be announced before July 9, which marks the end of the 90-day suspension period of the Trump tariffs announced on April 2 on dozens of countries, including India. "India has drawn its red lines... now the ball is in the US court," a PTI report quoted sources as saying. The two countries announced in February that they will be starting negotiations for a bilateral trade agreement (BTA) by September-October this year. However, before that, India and US are locking to finalise the interim trade pact. On April 2, the US imposed an additional 26 per cent reciprocal tariff on Indian goods but suspended it for 90 days. However, the 10 per cent baseline tariff imposed by America remains in place. India is seeking full exemption from this 26 per cent tariff. "If the proposed trade talks fail, the 26 per cent tariffs will come into force again," one of the sources said. Commerce Minister Piyush Goyal last week stated that India does not enter into any trade agreement based on deadlines and will accept the proposed trade deal with the US only when it is fully finalised, properly concluded and in the national interest. Free Trade Agreements (FTA) are possible only when both sides get benefitted and it should be a win-win agreement, he said. "National interest should always be supreme. Keeping that in mind, if a deal is made then India is always ready to deal with developed countries," Goyal said on July 4. The Indian team returned from Washington last week after holding talks with the US on an interim trade pact. Differences are also there on steel, aluminium (50 per cent) and auto (25 per cent) tariffs. India has hardened its position on giving duty concessions to the US on agriculture and dairy products as both are sensitive subjects. India has never opened the dairy sector in any of the previous trade pacts signed. US President Donald Trump last week said his administration is sending letters to the first batch of 10-12 countries, sharing details of reciprocal tariff rates and the entire process could be completed by July 9. His comments came amid increasing suspense in India on whether New Delhi and Washington would be able to firm up a much-anticipated trade deal before the US president's tariff deadline ends. He has, however, not named the countries. The president has stated that the reciprocal tariffs would come into effect from August 1. While the US is looking at duty concessions in sectors like certain industrial goods, automobiles (electric vehicles particularly), wines, petrochemical products, dairy, and agriculture items such as apples, tree nuts, and alfalfa hay; India may look at duty cuts for labour-intensive sectors like apparels, textiles, gems and jewellery, leather, plastics, chemicals, oil seeds, shrimp, and horticulture products. US tariffs will kick in on August 1 if trading partners from Taiwan to the European Union do not strike deals with Washington, Treasury Secretary Scott Bessent said Sunday. The rates will "boomerang back" to the sometimes very high levels which President Trump had announced on April 2 – before he suspended the levies to allow for trade talks and set a July 9 deadline for agreement, Bessent told CNN. According to an AFP report, Bessent confirmed comments by Trump to reporters aboard Air Force One on Friday in which he also cited a new deadline: "Well, I'll probably start them on August 1. Well, that's pretty early. Right?" The tariffs were part of a broader announcement in April where Trump imposed a 10 per cent duty on goods from almost all trading partners, with a plan to step up these rates for a select group within days. But he swiftly paused the hikes until July 9, allowing for trade talks to take place. Countries have been pushing to strike deals that would help them avoid these elevated duties. So far, the Trump administration has unveiled deals with the United Kingdom and Vietnam, while Washington and Beijing agreed to temporarily lower staggeringly high levies on each other's products. Bessent said the administration was "close to several deals." "I would expect to see several big announcements over the next couple of days," he said. But he would not say which countries he was referring to, adding: "I don't want to let them off the hook." (With inputs from agencies)
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Ball in Washington's court on India-US interim trade pact before July 9
With India setting its red lines on key issues in sectors such as agriculture and dairy for the proposed interim trade agreement with the US, the ball is now in Washington's court to finalise the deal, sources said. They said if issues are settled, an interim trade pact could be announced before July 9, which marks the end of the 90-day suspension period of the Trump tariffs announced on April 2 on dozens of countries, including India. "India has drawn its red lines... now the ball is in the US court," they said. In February, the two countries announced starting negotiations for a bilateral trade agreement (BTA). They fixed a deadline to conclude the first tranche or phase of the BTA by fall (September-October) this year. Before that, the two sides are locking to finalise an interim trade pact. On April 2, the US imposed an additional 26 per cent reciprocal tariff on Indian goods but suspended it for 90 days. However, the 10 per cent baseline tariff imposed by America remains in place. India is seeking full exemption from this 26 per cent tariff. "If the proposed trade talks fail, the 26 per cent tariffs will come into force again," one of the sources said. Commerce Minister Piyush Goyal last week stated that India does not enter into any trade agreement based on deadlines and will accept the proposed trade deal with the US only when it is fully finalised, properly concluded and in the national interest. FTAs are possible only when both sides get benefitted and it should be a win-win agreement, he has said. "National interest should always be supreme. Keeping that in mind, if a deal is made then India is always ready to deal with developed countries," Goyal had said on July 4. The Indian team returned from Washington last week after holding talks with the US on an interim trade pact. Differences are also there on steel, aluminium (50 per cent) and auto (25 per cent) tariffs. India has hardened its position on giving duty concessions to the US on agriculture and dairy products as both are sensitive subjects. India has never opened the dairy sector in any of the previous trade pacts signed. US President Donald Trump last week said his administration is sending letters to the first batch of 10-12 countries, sharing details of reciprocal tariff rates and the entire process could be completed by July 9. His comments came amid increasing suspense in India on whether New Delhi and Washington would be able to firm up a much-anticipated trade deal before the US president's tariff deadline ends. He has, however, not named the countries. The president has stated that the reciprocal tariffs would come into effect from August 1. While the US is looking at duty concessions in sectors like certain industrial goods, automobiles (electric vehicles particularly), wines, petrochemical products, dairy, and agriculture items such as apples, tree nuts, and alfalfa hay; India may look at duty cuts for labour-intensive sectors like apparels, textiles, gems and jewellery, leather, plastics, chemicals, oil seeds, shrimp, and horticulture products. The US is India's largest trading partner from 2021-22. During 2024-25, the bilateral trade in goods stood at $131.84 billion ($86.51 billion worth of exports, $45.33 billion of imports and $41.18 billion trade surplus). India's merchandise exports to the US rose 21.78 per cent to $17.25 billion in April-May this fiscal year, while imports rose 25.8 per cent to $8.87 billion. The two-way trade in services expanded from $54.1 billion in 2018 to an estimated $70.5 billion in 2024. India is also a key destination for American businesses such as professional, scientific, and technical services, manufacturing, and IT. The US accounts for about 18 per cent of India's total goods exports and over 6 per cent in imports and about 11 per cent in bilateral trade. India received $70.65 billion between April 2000 and March 2025, making Washington the third largest investor. In 2024, India's main exports to the US included drug formulations and biologicals ($8.1 billion), telecom instruments ($6.5 billion), precious and semi-precious stones ($5.3 billion), petroleum products ($4.1 billion), gold and other precious metal jewellery ($3.2 billion), ready-made garments of cotton, including accessories ($2.8 billion), and products of iron and steel ($2.7 billion). Imports included crude oil ($4.5 billion), petroleum products ($3.6 billion), coal, coke ($3.4 billion), cut and polished diamonds ($2.6 billion), electric machinery ($1.4 billion), aircraft, spacecraft and parts ($1.3 billion), and gold ($1.3 billion).
