ET Graphics: Monsoon watch
Decrease in rainfall activities over south peninsula in next 6-7 days and over central India from August 1.
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Time of India
26 minutes ago
- Time of India
'India paying price for Modi's friendship': Congress on Trump imposing 25% tariff; claims 'foreign policy has failed'
PM Narendra Modi and US President Trump NEW DELHI: The Congress party lashed out at the BJP-led central government minutes after US president Donald Trump imposed a 25 per cent tariff on India, saying the "country is now bearing the cost of Narendra Modi's 'friendship'". The party said Trump imposed tariffs on India despite PM Modi campaigning for the US Presdient. The BJP's rival party was referring to the "Howdy, Modi!" event held in Texas in September 2019. "Trump slapped a 25% tariff on India, along with a penalty. The country is now bearing the cost of Narendra Modi's 'friendship'. Modi campaigned for Trump, hugged him eagerly, posed for photos, and made it trend on social media. In the end, Trump still imposed tariffs on India. India's foreign policy has completely failed," the party said. Trump on Wednesday announced that India will have to pay 25 per cent tariff from August 1. Trump also said that India will have to pay an additional penalty for buying energy and arms from Russia. The 25% tariff rate announced for India is 1% less than the 26% declared by Trump in his April 2 'Liberation Day' conference. "Remember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country," Trump said in a post on Truth Social. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 15 Most Beautiful Women Ever Today's NYC Undo by Taboola by Taboola "Also, they have always bought a vast majority of their military equipment from Russia, and are Russia's largest buyer of ENERGY, along with China, at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE — ALL THINGS NOT GOOD! INDIA WILL THEREFORE BE PAYING A TARIFF OF 25%, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST FIRST. THANK YOU FOR YOUR ATTENTION TO THIS MATTER. MAGA!" he said.
Time of India
37 minutes ago
- Time of India
Central government approves Rs 615 crore special capital assistance to Uttarakhand, CM Dhami expresses happiness
File photo: Uttarakhand CM Pushkar Singh Dhami (Picture credit: ANI) DEHRADUN: The Central government has approved an amount of Rs 615 crore to Uttarakhand as a special capital assistance, of which Rs 380.201 crore has already been released to the state, the Chief Minister's Office (CMO) said on Wednesday. In reaction to this, Chief Minister Pushkar Singh Dhami expressed happiness over the approval of special central assistance and thanked Prime Minister Narendra Modi for this. The Chief Minister said that the state government is engaged with full readiness and commitment to fulfil the Prime Minister's vision of making this decade a decade of development of Uttarakhand. "Uttarakhand is getting full support from the Central Government in this direction," the CM said as per the CMO. As per the CMO, under the Special Assistance to States for Capital Investment (SASCI) scheme of the Central Government, the Uttarakhand government had demanded special assistance of Rs 619.42 crore for 37 schemes in the current financial year 2025-26. CM Dhami had effectively advocated these proposals before the Central Government and requested for early approval. In this regard, the Ministry of Finance, Government of India, has sent a letter to the state government informing about the sanction of Rs 615.00 crore for 37 schemes to the state under the SASCI scheme. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Libas Purple Days Sale Libas Undo According to the approval issued as special capital assistance, an amount of Rs 218.45 crore has been sanctioned for the construction work of government medical colleges of the state and Rs 70 crore for the Song Dam drinking water project. Rs 36.18 crore for the projects of construction of ghats, bypass road on the canal and drainage at various places, Rs 10 crore for the construction of administrative buildings of six police stations and 14 reporting police posts, Rs 10 crore for the construction of U-Hub Start Up Place for the convenience and promotion of startups, Rs 35 crore for the schemes of water supply system and sewerage management and Rs 47.33 crore for the construction work of power transmission lines. Approval has also been given for schemes worth Rs 82.74 crore for the construction of higher education and technical education institutions, Rs 25.00 crore for three schemes of ISBT and modern workshop construction, Rs 34.72 crore for the works of Dakpathar Barrage and Ichchhadi Dam's approach road etc. Similarly, a scheme worth Rs 45.58 crore has been approved for the construction of multi-level parking near Tilak Road in Rishikesh, the project of redevelopment of Aadhat Bazaar in Dehradun and the work of undergrounding the electricity distribution network.
Time of India
an hour ago
- Time of India
India-US deal: Donald Trump's tariff threats an act of ‘arm-twisting'; UK pact a ‘trendsetter'
File photo: US President Donald Trump (Picture credit: PTI) US President Donald Trump's recent tariff warnings to India have drawn sharp criticism from Indian trade experts, with Professor Rakesh Mohan Joshi, vice chancellor of the Indian Institute of Foreign Trade (IIFT), likening them to 'arm-twisting' tactics. In a strong statement as quoted by ANI, Professor Joshi said Trump was using tariff threats to push other countries, including India, into one-sided trade deals that could jeopardise domestic interests. 'He's forcing countries to buy energy, forcing countries to buy some technology, aircraft and defence equipment just to balance the trade,' Professor Joshi said, referring to similar deals the US had recently struck with the EU, Indonesia and the Philippines. In these agreements, the US imposed tariffs but secured free market access in return, including mandatory procurement of American goods, he explained. Opening Indian dairy and agriculture sectors would spell disaster Focusing on the ongoing India-US bilateral trade agreement (BTA) negotiations, Professor Joshi warned against conceding to US demands for duty-free access to Indian dairy and agricultural markets. 'We produce more than double the milk that America produces,' he noted. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Senior Living Homes in Dhaka May Surprise You Senior Living | Search Ads Undo 'If duty-free access is given to the US, it would devastate our dairy sector and leave farmers at the mercy of God.' Joshi pointed out the stark contrast between agriculture in the two countries. 'In America, agriculture is a commercial enterprise. In India, it is about livelihood. I compliment our negotiators for resisting pressure on these sensitive sectors,' he said. India-UK FTA praised as model agreement While criticising the US approach, Joshi lauded the India-UK Free Trade Agreement as 'balanced and win-win.' He described the FTA as a 'trendsetter' that reflects long-term diplomacy and mutual trust. 'It is not by threatening or arm-twisting that you can strike a deal,' he asserted. Under the India-UK deal, duties have been reduced on 90% of UK products entering India, while 99% of Indian products enjoy lowered tariffs in the UK market. 'This agreement sets a benchmark the world must learn from,' Joshi added. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
