Senior executives said Washington's latest sanctions on Russian producers Rosneft PJSC and Lukoil PJSC would make it all but impossible for crude flows to continue. Imports from Russia have been a major hurdle in India-US trade negotiations after Trump tariffs came into effect.
In series of posts on X, White House trade adviser Navarro laid out ‘India-Russia oil math’ & said ‘the road to peace in Ukraine runs through New Delhi’.
From civil nuclear cooperation to energy security, trade and defence cooperation, several key matters were discussed at ‘productive’ intersessional dialogue held Monday.
India can convert the tariff turmoil into an opportunity to position itself as the world’s go-to trade partner. It has the scale and heft, but needs the boldness.
Electronics—specifically smartphones—& energy & pharma products make up 30% of Indian exports to US. 25% tariff on India came into effect Thursday, extra 25% to kick in by August-end.
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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