Latest news with #INC
UPI
17 hours ago
- Business
- UPI
Trump announces 25% tariff on India, warns of additional 'penalty'
President Donald Trump announced a 25% on tariffs on imports from India on Wednesday, while warning of an additional penalty. Photo by Bonnie Cash/UPI | License Photo July 30 (UPI) -- President Donald Trump announced Wednesday he will not only levy a 25% tariff on India but will add an additional financial "penalty" as well. In a Truth Social post Trump complained that while "India is our friend, we have, over the years, done relatively little business with them because their tariffs are far too high," which he alleges are among the highest imposed by any nation. "They have the most strenuous and obnoxious non-monetary trade barriers of any country," he said. Trump also accused India of buying "a vast majority of their military equipment from Russia and are Russia's largest buyer of energy" at a time when Russia continues its war on Ukraine. "ALL THINGS NOT GOOD!" he added. Because of these accusations, Trump said India will not only start paying a 25% tariff on Friday, but will be further financially penalized, although he did not explain what exactly that "penalty" will be. Companies currently importing goods from India pay a baseline 10% tariff. One of India's major political parties, the left-leaning Indian National Congress, or INC, took immediate umbrage with Trump's comments, calling out Indian Prime Minister Narendra Modi's relationship with Trump. The INC posted to X Wednesday that Modi has campaigned for Trump, and "hugs him like a long-lost brother." "In return, Trump goes on to impose such harsh tariff on India," the statement continued. "It is a catastrophic failure of foreign policy. An entire nation suffers from the consequences of one man's 'friendship.'" It is unclear if Modi, a member of the conservative Bharatiya Janata Party, has yet to publicly comment on Trump's declarations.
The Hindu
3 days ago
- Business
- The Hindu
Net FDI has fallen steeply, domestic investors gripped by 'fear': Congress slams government
, The Congress on Monday (July 28, 2025) claimed that the net foreign direct investment has fallen steeply while domestic investors are gripped by 'fear and uncertainty', as it asked the government to support incomes, end its 'crony capitalist and tax terrorism' policies, fix the GST, and protect Indian industries from Chinese dumping. The opposition party's assertion came after Finance Minister Nirmala Sitharaman's reported remarks that India's private sector investment has not kept pace with the growing public expenditure. Also Read: Why has net FDI inflow plummeted? In a post on X, Congress general secretary in-charge communications Jairam Ramesh said, 'The Finance Minister has finally acknowledged what the INC had been saying for a long time: that private investment continues to be sluggish and is not growing at the pace desired and also expected.' 'This is even after the significant corporate tax cuts of September 2019, undertaken just before the Howdy Modi event that was held in Houston in support of President Trump's re-election,' Mr. Ramesh said. He further said that net FDI has fallen steeply while domestic investors are gripped by 'fear and uncertainty' – thanks in large measure to 'tax terrorism and policies that only favour a couple of business groups'. 'The growth of mass markets for consumption goods is being hampered by a decade-long stagnant wages crisis and a flawed GST, which awaits fundamental reform,' Mr. Ramesh argued. 'Finally, the 'dumping' of cheap imports from China – which is taking place despite the loss of Indian territory in Ladakh – has also led to the closure of domestic manufacturing units, foreclosing the possibility of new investments,' he said. 'Acknowledgment is the first step. Now comes the hard part – the government needs to take action to support incomes, put an end to its crony capitalist and tax terrorism policies, fix the GST, and protect our industries from Chinese dumping,' Mr. Ramesh said. The Congress has been attacking the government over its handling of the economy, claiming the issues of rising prices, decreasing private investment, and stagnating wages were hitting the common people hard.
Filipino Times
4 days ago
- Politics
- Filipino Times
Marcos Urges Iglesia ni Cristo to Remain Government Ally Amid Differences
President Ferdinand Marcos Jr. called on the Iglesia ni Cristo (INC) to continue supporting the government, even as the influential religious group has recently expressed disapproval of some administration actions—particularly those involving the Duterte family. In a message marking INC's 111th founding anniversary on Sunday, Marcos praised the group for being 'model citizens and faithful servants of God,' citing their contributions to charity, community service, and social harmony. 'As we mark your 111th year, I hope you remain partners in our pursuit of a strong and orderly society,' he said in Filipino. The President emphasized that his administration remains aligned with the INC's mission to foster a peaceful and prosperous nation. Despite recent political tensions, including the group's subtle criticism of policies affecting former President Rodrigo Duterte and his allies, Marcos highlighted unity through shared values and faith. 'By continuing to follow God's teachings, I believe we can overcome any challenge and reach our aspirations as a nation,' he added.
GMA Network
4 days ago
- Politics
- GMA Network
Palace congratulates INC on 111th anniversary
President Ferdinand R. Marcos Jr. on Sunday expressed his congratulations to the Iglesia ni Cristo on its 111th anniversary, recognizing the religious group for its "continued service, charity, and solidarity with others." 'Sa loob ng higit isang siglo, ipinahayag at pinatunayan ng pamunuan at mga kasapi ng Iglesia ni Cristo ang kanilang layunin na magsilbing huwarang mga mamamayan at mabubuting alagad ng Diyos sa pamamagitan ng paglilingkod, pagkakakawanggawa, at pakikiisa sa kapwa. Ang kanilang magagandang gawain ay lubos na nagdulot ng malawakang pagbabago at namunga ng pagkakaintindihan, pagdadamayan at pagkakaisa,' Marcos said in a message shared on his official social media accounts. (For over a century, the leadership and members of the Iglesia ni Cristo have proclaimed and affirmed their purpose to serve as exemplary citizens and good disciples of God through service, charity, and solidarity with others. Their good works have brought about widespread change and have resulted in understanding, mutual understanding, and unity.) The President emphasized what he considers the important role of the INC as a partner of the government in promoting his vision for the country. 'Nawa'y lahat ng ating pagsisikap ay magsilbing katuparan ng isang Bagong Pilipinas na tunay na makatao, makabansa, at may takot sa Diyos,' he added. (May all our efforts serve to realize a New Philippines that is truly humane, patriotic, and God-fearing.) Marcos Jr. earlier declared July 27, 2025 as a special non-working day in the Philippines for the founding anniversary of the INC. — RF, GMA Integrated News
TECHx
6 days ago
- Business
- TECHx
NETSCOUT Reveals Energy-Efficient InfiniStreamNG Design
Home » Emerging technologies » Cyber Security » NETSCOUT Reveals Energy-Efficient InfiniStreamNG Design NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT), a provider of observability, AIOps, cybersecurity, and DDoS protection solutions, announced improvements to its InfiniStreamNG platform that enhance energy efficiency and support IT sustainability. The company revealed that the intentionally efficient design and architecture of InfiniStreamNG reduces operational costs while improving sustainability outcomes. NETSCOUT reported that data center energy use is rising rapidly due to digital transformation and AI advancements. According to the International Energy Agency (IEA), global data center electricity use may more than double by 2030. U.S. data centers alone could consume more electricity than all energy-intensive industries combined. NETSCOUT's InfiniStreamNG and nGeniusONE solutions are built to deliver deep network visibility and analytics. Unlike multi-appliance systems, the InfiniStreamNG probe centralizes functionality, leading to a streamlined and energy-efficient setup. Key findings include:• A 23% average electricity reduction across 500+ InfiniStreamNG devices without compromising performance• Lower energy usage through reduced rack space and simplified deployments • Intelligent data processing that minimizes compute and storage needs Ray Jones, senior director of platform product management at NETSCOUT, said the company optimized the InfiniStreamNG platform to lower energy and operational costs while maintaining essential visibility in complex environments. The company also reaffirmed its commitment to sustainability. It has set science-based emissions reduction targets, aiming to cut absolute Scope 1 emissions by 57.4% and Scope 2 emissions by 42% by FY2030 from an FY2022 baseline. These targets have been validated by the Science-Based Targets initiative (SBTi). NETSCOUT stated that it is already making measurable progress or exceeding these environmental goals.
