This is a high-stakes strategic conflict between a power which wants to preserve the status quo in its favour and one which wants to usurp that throne. The rest is all theatre, says Harsh V Pant.
In her remarks at the US-China Relations Conference in Washington on Tuesday, US Trade Representative Susan Schwab said: "I urge China to pull back from the brink and unambiguously commit to the market access and flexibilities put on the table by the chairs -- just as Indian Prime Minister Singh has indicated his country will".
Disengagement from the LAC will remain a chimera because China has given enough indications that the PLA will not move back any more. China has even deployed drones to monitor and deny any patrolling by Indian troops even in the buffer zones which are all in Indian Territory, explains Lieutenant General Prakash Katoch (retd).
As mangoes from Indian orchards are ready for shipment to the US, Harley Davidson will soon cruise on Indian roads with the government relaxing emission norms for the American luxury bike.
India and the US agreed to continue their cooperation in the areas of defence, space and clean energy as External Affairs Minister S Jaishankar met Secretary of State Antony Blinken here, amid a simmering diplomatic row between India and Canada over the killing of a Khalistani separatist.
The order would ensure that the US fully collects all duties imposed on foreign importers that "cheat".
Nearly six months after he nominated Dr Islam A 'Isi' Siddiqui to be the chief agricultural negotiator at the office of the US Trade Representative, US President Barack Obama -- fed up with what the White House called 'obstructionist' policies by Senate Republicans in not confirming Siddiqui and several others -- appointed Siddiqui and 14 others as soon as the Senate adjourned for the Easter vacation-recess.
Switching to the UPS could be a game-changer for your retirement planning, especially if you value guaranteed benefits and higher government contributions, observes Ramalingam Kalirajan.
'It is advisable to stay away from the markets for now and buy only on a dip.'
With the athletes bidding goodbye to Paris after another bone-tingling edition of the Olympics, Norma Astrid Godinho/Rediff.com, shares some interesting nuggets that made the Paris Olympics an event to remember!
Countries that raised concerns about the quality of Indian spices have called for urgent attention and action, Delhi-based think tank Global Trade Research Initiative (GTRI) said on Wednesday. The stakes are high since India exported spices worth about $692.5 million to the United States (US), Hong Kong, Singapore, Australia and Maldives in the financial year 2023-24 (FY24), it said. During FY24, India's spice exports were worth $4.25 billion, accounting for a 12 per cent share of the global spice exports.
Shares of Avenue Supermarts (DMart) have rallied 15 per cent in the past month, even as the benchmark National Stock Exchange Nifty has remained flat. The stock has garnered favourable commentary from both fundamental and technical analysts after three years of poor performance. "DMart has reached its first 52-week high since October 2021, taking off from solid base formations.
The lawmakers from the US State of Washington have urged the Biden administration to help remove or reduce the tariffs on American apples imported to India as the country's fruit industry has incurred significant losses due to New Delhi's retaliatory measures. In a letter to US Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo, all members of the House of Representatives from Washington State and other two senators said the tree fruit industry suffered losses due to India's retaliation to US tariffs. On average, 30 per cent of the apples, cherries, and pears produced in the Pacific Northwest are exported and India was once a strong market.
India will submit a 'status report' on the progress it has made on intellectual property rights (IPR) protection and enforcement during the last year to the United States Trade Representative (USTR).
In a major development, India and the US have agreed to end six trade disputes at the WTO through mutually agreed solutions, while New Delhi will remove retaliatory customs duties on certain American products such as almonds, walnuts, and apples.
The United States argued that it had not had an outbreak of high pathogenic avian flu since 2004, while India had 90 such outbreaks between 2004 and 2014
India's current account deficit declined sharply to 1 per cent of the GDP or $8.3 billion in the second quarter of this financial year, mainly due to lower merchandise trade deficit and growth in services exports, according to a RBI data released on Tuesday. The current account deficit (CAD), which represents the difference between the total amount of money sent abroad and money received from overseas across the economy, was 3.8 per cent of GDP or $30.9 billion in the July-September quarter in 2022-23. CAD was $9.2 billion or 1.1 per cent of GDP in the first quarter (April-June) of the current financial year 2023-24.
Before framing regulations to curb 'misleading' messages and stock recommendations by finfluencers (a portmanteau of the phrase 'financial influencers'), the market regulator plans to put in place some 'building blocks' to ensure smooth enforcement. Madhabi Puri Buch, chairperson of Securities and Exchange Board of India (Sebi), is of the view that the 'traditional approach may not work' to rein in finfluencers. "There are many interlinked pieces in our regulations - investment advisor regulations, research analyst regulations, the fact that we don't have algorithmic (algo)-related regulations, what brokers are permitted to do, and what is incidental advice.
Ramesh alleged that the PM "forced" Defence Minister Rajnath Singh to read a "most wishy-washy" statement in Parliament earlier this week
'I think it would be a mistake... at a time when worldwide trade is declining, for us to start sending a message that somehow we're just looking after ourselves and (are) not concerned with world trade,' Obama said. The Buy American bill is part of the $819 billion mega stimulus package passed by the US House of Representatives last week. It stipulates that companies receiving federal money should not buy foreign steel and iron.
In the imports bracket, India was the United States' 11th largest supplier of goods in 2017
President Trump, forcefully pursuing his 'America first" policy, has previously described India as a "tariff king" for imposing "tremendously high" tariffs on American products, also expressed dissatisfaction over the US-India trade ties. "Well, we can have a trade deal with India, but I'm really saving the big deal for later on," Trump, who is scheduled to visit India on February 24 and 25, told reporters at the Joint Base Andrews outside Washington on Tuesday when asked whether he expects a trade deal with India before the visit.
The US launched an investigation, focusing on whether the tax in India and other countries discriminated against American companies, were retroactive, and reflected unreasonable tax policy.
'The BJP, which did not stand with the people of the state during the natural disaster, now wants to push the state into political disaster'
The number of dematerialised (demat) accounts - required to hold shares and other securities in electronics format - crossed the 150-million mark for the first time in March. In March, 3.12 million new demat accounts were added despite a spike in market volatility, taking the total count to 151.4 million. The milestone has come 19 months after the total number of demat accounts hit the 100-million mark, a sign that more domestic households are taking to direct equity investing.
A man of big games! He may have faced a lot of backlash after a torrid start to the season, but KKR's 'big-bucks' man, proved exactly why he's worth every penny as he put up a match-winning performance to power Kolkata Knight Riders to their third Indian Premier League title.
Ellyse Perry put up a sizzling display with both bat and ball to power Royal Challengers Bangalore into the Women's Premier League knockouts.
The report said that India maintains zero-tolerance standards for certain plant quarantine pests, such as weed seeds and ergot.
As Chandigarh braces for a fierce contest between Congress candidate Manish Tewari and the BJP's Sanjay Tandon, its industry leaders harbour a fervent wish: Replicate the success of the National Capital Region model in this Union Territory.
India and US keen to strengthen trade ties, hold talks after 4 years.
'Like every Budget, this time, too, there is chatter around tinkering with the long-term capital gains tax.' 'Investors may not want to jump into the markets until there is clarity on this front.'
In a letter to Speaker of the US House of Representatives Nancy Pelosi, Trump said he was determined that New Delhi had "not assured" the US that it would "provide equitable and reasonable access" to the markets of India.
"Indians will decide the fate of India, not the foreigners," Verma told the Montreal Council on Foreign Relations, a prominent think-tank.
According to exporters, withdrawal of incentives under GSP would impact India's export worth $5.6 billion to the US.
The US hopes that the upcoming India trip of US President Barack Obama would elevate trade and investment ties.
China and India have made 'positive progress' to resolve the border standoff, with both sides maintaining close communication through diplomatic and military channels, a senior foreign ministry official said in Beijing on Friday.
The trigger that led Japan and the Philippines to ink the deal was because of the deteriorating security situation in the South China Sea. China's coast guard increased the frequency and intensity of incursions into Philippine waters, provoking the Philippines to take countermeasures to deter China, explains Dr Rajaram Panda.
Against the backdrop of a nearly four-hour outage at the National Stock Exchange last month, an RBI article on Friday suggested allowing trading of benchmarks Nifty and Sensex on all stock exchanges. Trading was halted at the NSE for nearly four hours on February 24, reportedly due to telecom links failure leading to unavailability of the online risk management system of the NSE Clearing Ltd (NCL). NCL, a wholly-owned subsidiary of NSE, is responsible for clearing and settlement of all trades executed on the exchange, according to the article.
'Since there is no photo-op, or quick fix solutions, politicians do not want to address climate change. It is very unfashionable.'
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