India and the United States will finalize the contours, schedule of negotiations, and terms of reference for a proposed bilateral trade agreement (BTA) during a three-day meeting beginning Tuesday. The agreement is expected to be finalized in two tranches, with the first phase focusing on goods trade. The US team, led by Assistant US Trade Representative for South and Central Asia Brendan Lynch, will be in India from March 25-29 to discuss the agreement. Both countries are aiming to conclude the first phase of the agreement by fall 2025.
Outgoing US President Joe Biden on Thursday vowed to ensure a peaceful and orderly transfer of power to President-elect Donald Trump in January and appealed to the people to accept the election results for the White House
'And America will invite India in to have really an extraordinary opportunity and relationship with us.'
Amid escalating tensions between India and Pakistan, the US has said it will not get involved in the conflict, stressing that it is "fundamentally none of our business." While acknowledging concerns about a potential nuclear war, Vice President J D Vance emphasized that the US cannot control India and Pakistan, but can encourage them to de-escalate. The US has also reiterated its support for direct dialogue between the two countries and encouraged efforts to improve communications.
Following the election that brought Joe Biden to power, Trump alleged fraud in the voting process and challenged the outcome in courts which rejected his claims.
Gold prices could hit the $3500 an ounce (oz) mark in the next 18 months - up around 13 per cent from the current levels - given the global uncertainties and aided by investment demand, said analysts at BofA Securities in a recent note. Uncertainty around Trump Administration trade policies, BofA said, could continue to push the US dollar (USD) lower, further supporting gold prices near-term.
'Investors looking at the next 6-12 months can be certain that the Fed will maintain its easing cycle, and we expect the overall environment to be conducive for fixed income investments for portfolio diversification.'
Will Russia's entry deter Trump on his warpath?, asks Ambassador M K Bhadrakumar.
Congress MP Shashi Tharoor has condemned the manner in which Indians staying illegally in the US were deported, calling it an 'insult to India and the dignity of Indians'. He urged the Indian government to issue a message to the US, making it clear that it has no right to deport people in such an 'insulting manner'. Tharoor also pointed out that Colombia had previously refused to accept suspected immigrants of Colombian origin under similar circumstances, officially protesting when people were sent back in handcuffs. He demanded an explanation for the 'atrocious behavior' from the US government.
'Three days after the Kargil War ended, the Vajpayee Government set up the Kargil Review Committee on July 29 1999. Its report was tabled in Parliament on February 23, 2000 although sections of it have remained classified -- as indeed they must'
Confronted by outrage in Greenland, the US has scaled down a proposed visit to the island.
Glimpses from around India that will make you smile and cry.
Prime Minister Narendra Modi and Chinese President Xi Jinping held bilateral talks focusing on economic ties and global stability amid trade tensions and the aftermath of the Ladakh border row.
The former president claimed that subjects like immigration and inflation were covered "in great detail" both in Tuesday night's discussion with Harris and in his June debate with President Biden.
With Donald Trump all set to become US president, Indian exporters may face high customs duties for goods like automobiles, textiles and pharmaceuticals if the new US administration decides to pursue the 'America First' agenda, opined trade experts. Experts also said that Trump could also tighten H-1B visa rules, impacting costs and growth for Indian IT firms. Over 80 per cent of India's IT export earnings come from the US, making it vulnerable to changes in visa policies.
Musk said on Friday that he believes India-US ties are "trending positive" and that he favours an enhanced trade partnership between the two nations.
How have aspirations, ambitions and hopes broken down for these young men from the most advanced parts of India? asks Mihir S Sharma.
'The relationship between India and the US, when Donald Trump was president, had been so much stronger.'
From the Sensex pack, Adani Ports, Tata Steel, Power Grid, Mahindra & Mahindra, NTPC, Tech Mahindra, Tata Motors, ITC, Nestle India, HCL Technologies, Bharti Airtel, State Bank of India, Asian Paints and Kotak Mahindra Bank were the gainers. Bajaj Finance, IndusInd Bank, HDFC Bank, and Zomato were the laggards.
United States President-elect Donald Trump on Tuesday announced the nomination of popular Fox News host and Army veteran Pete Hegseth, 44, as his defence secretary.
Israel's aerial assault on Iran is widely viewed as an act of naked aggression with no basis in international law, carried out unilaterally despite US opposition and aimed at derailing ongoing US-Iran nuclear negotiations, observes Ambassador M K Bhadrakumar.
US Vice President J D Vance and his wife Usha arrived in Delhi on Monday for a four-day visit. They were welcomed by Union Minister Ashwini Vaishnaw. Vance's visit comes amid ongoing trade talks between India and the US. Prime Minister Narendra Modi will host a dinner for the Vances on Monday evening after holding talks with the US Vice President. Vance and his family will also travel to Jaipur and Agra during their trip.
Kamala Harris and Donald Trump have sparred over all major issues, including United States foreign policy, economy, border security and abortion, during their first presidential debate that could alter the course of the race for the White House.
The 25 per cent US tariffs, plus a penalty for Russian imports, could dent India's GDP growth by 30 basis points in the current fiscal, but the higher duty is unlikely to significantly affect India's domestic demand-driven economy, Barclays said on Thursday. If the 25 per cent tariff, announced by US President Donald Trump on Wednesday, is implemented from August 1, the effective average US import tariff on Indian goods will rise to 20.6 per cent in trade-weighted terms, as per Barclays estimates.
Modi lived up to his declaration that his visit was purely meant to strengthen India's relationship with the US, but there may be situations in which our silence on some issues will haunt us in the future, cautions Ambassador T P Sreenivasan.
No single individual, institution, or action is to blame for this. The BJP is responding in kind -- definitely not without checking with its government. And they wait for Mr Trump, notes Shekhar Gupta.
The United States Department of Government Efficiency (DOGE), led by Elon Musk has announced cancelling a $22 million funding intended for 'voter turnout in India' on Saturday (Local Time).
'It's important for India to think about areas where it wants the US to move.' 'We can be far more innovative in what we ask the US.' 'Given that there's a package deal, why not do it?'
Moody's Ratings on Wednesday said US tariffs will weaken credit conditions and raise defaults risks especially for low-rated and speculative grade corporates. It said that an unpredictable US trade policy will lead to a deterioration in global credit conditions and macroeconomic impact will slow growth with a growing possibility of recession.
Gold prices advanced Rs 700 to reach a new lifetime high of Rs 91,950 per 10 grams in the national capital on Wednesday on the back of continued buying by jewellers ahead of wedding season, according to the All India Sarafa Association. Besides, increased tensions in the Middle East and concerns about the US economic slowdown have kept the demand for safe-haven assets intact.
Zelenskyy further said that the assault occurred overnight and into the morning, and involved a barrage of approximately 120 missiles and 90 drones, including Shaheds, Zircons, Iskanders, and Kinzhals.
'The market's sharp decline recently has shaken the confidence of retail investors, leading to increased selling.'
Merchandise exports to the US jumped 23.5 per cent year-on-year (Y-o-Y) to $8.3 billion in June, even as India's overall outbound shipments witnessed contraction during the month, according to the data released by the commerce department on Tuesday. The increase in outbound shipments to the US was largely driven by the rush among exporters to utilise America's pause on its plans to impose country-specific reciprocal tariffs.
The heightened global uncertainty due to the US "reciprocal tariffs" on India may cause near-term corrections and market turbulence, but the long-term outlook remains constructive, market experts said on Thursday. The US has announced 27 per cent reciprocal tariffs on India, citing high import duties imposed by New Delhi on American goods.
S&P Global Ratings on Tuesday cut India's GDP growth projections to 6.5 per cent for the next fiscal as it expects that economies in the APAC region will feel the strain of rising US tariffs and pushback on globalisation. In its Economic Outlook for Asia-Pacific (APAC), S&P said despite these external strains, it expects domestic demand momentum to remain solid in most emerging-market economies.
Hindus for America First, a newly created grassroots organisation, has announced it will endorse Republican presidential candidate Donald Trump and launch a campaign against Democratic nominee Vice President Kamala Harris in the key battleground states of Pennsylvania, Georgia and North Carolina.
Haley, 51, received 1,274 votes (62.9 per cent) against 676 votes (33.2 per cent) received by her main rival and former President Trump.
'If in our cities, all urban bus transport services are free, then the taxpayers are paying for it, or if electricity were to be made free, that's a huge cost to the rest of the people'
New IOC head already counting down to LA 2028
Acutely conscious that he's left with less than four years to create his legacy, Trump is undoubtedly a man in a hurry, observes Ambassador M K Bhadrakumar.
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