'Jaw broken, spine injured': SpiceJet staff attacked by Senior Army Official; Video Goes Viral
In a bold claim, US President Donald Trump has said India is 'no longer going to be buying oil from Russia'. He called it a 'good step,' though he wasn't sure of its accuracy. His remark follows Washington's 25% tariff blow and veiled threats of penalties. But India has pushed back with clarity. MEA spokesperson Randhir Jaiswal reaffirmed New Delhi's 'time-tested' partnership with Moscow and clarified that India's choices are market-driven and sovereign. While state refiners reportedly paused Russian oil purchases last week, officials say no final decision has been made. Is this a shift in India's energy policy or a short-term pause due to changing prices? As Trump dials up the pressure, New Delhi remains focused on balancing strategic ties with national interest. Watch this detailed analysis of diplomacy, oil politics, and the future of Indo-US-Russia equations.#donaldtrump #india #russia #usindiarelations #russianoil #moditrump #trumptariff #indiaoilimport #energytrade #foreignpolicy #externalaffairs #randhirjaiswal #modigovernment #trumpnews #russiaukrainewar #globaldiplomacy #indiarussia #useconomy #indiaeconomy #breakingnews #trending #bharat #toi #toibharat #indianews
52.3K views | 1 day ago
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
2 minutes ago
- Time of India
Joe Root press conference : On Mohammed Siraj fake anger, why he punched his bat, update on Woakes
Trump Breaks Silence on India & Russia's Oil 'Breakup' | 'New Delhi May Stop…' 'I heard India may stop buying Russian oil,' said US President Donald Trump, calling it a 'good step.' But reports say Indian refiners are still sourcing discounted Russian crude. As U.S. pressure mounts, New Delhi defends its ties with Moscow as 'steady and time-tested,' while balancing key strategic relations with Washington. Will India bow to American pressure or stick with its long-time energy partner? 29.0K views | 1 day ago
&w=3840&q=100)
Business Standard
2 minutes ago
- Business Standard
Trump repeats claim he ended India-Pakistan conflict through trade
US President Donald Trump on Sunday yet again took credit for stopping conflicts around the world, including the recent one between India and Pakistan. Since May 10, when Trump announced on social media that India and Pakistan had agreed to a full and immediate ceasefire after a long night of talks mediated by Washington, he has repeated his claim on several occasions. Trump's latest claim comes days after White House Press Secretary Karoline Leavitt said Trump should be awarded the Nobel Peace Prize for ending several conflicts around the world including the one between India and Pakistan. On Sunday, in a post on Truth Social, Trump slammed radio host and author Charlamagne Tha God, and said he (God) knows nothing about him or what he has done, like just ending 5 Wars, including a 31 year bloodbath between Republic of the Congo and Rwanda, where Seven Million people have died, and there was no end in sight. He didn't know that, or India and Pakistan or, wiping out Iran's nuclear capabilities, or closing the horrendous open Border, or creating the greatest economy, Trump said. Just a day earlier, Trump said in an interview on Newsmax that he has settled a lot of wars. You take a look at what's happened just over the last little while. We've settled a lot of, a lot of very beautiful wars have been settled One of the wars India, Pakistan, nuclear, Trump said adding that he settled conflict between Thailand and Cambodia as well as Congo and Rwanda. I settled that up. And I settled it up with trade. I settled a lot of them with trade. I said listen, you guys are going to fight. You can fight all you want. I mean, just fight your hearts out. But we're not doing a trade deal'. All of a sudden they end up not doing a war. I settled a lot of wars. I think I settled averaging about a war a month. But, you know, we're saving millions of lives, he said. Trump on Wednesday announced the imposition of a 25 per cent tariff on all goods coming from India starting August 1, plus an unspecified penalty for buying Russian crude oil and military equipment. The tariff for Pakistan was 19 per cent, lower than the 29 per cent announced by Trump in April. In fact, Trump on Wednesday also announced sealing a trade deal with Pakistan and said that Washington will work with Islamabad to develop what he described as the South Asian nation's massive oil reserves. At a White House press briefing on Thursday, Leavitt said that Trump has now ended conflicts between Thailand and Cambodia, Israel and Iran, Rwanda and the Democratic Republic of the Congo, India and Pakistan, Serbia and Kosovo and Egypt and Ethiopia. She said that the president has brokered, on average, about one peace deal or ceasefire per month during his six months in office. It's well past time that President Trump was awarded the Nobel Peace Prize, she said. Since May 10, Trump has repeated his claim nearly 30 times that he helped settle the tensions between India and Pakistan and that he told the nuclear-armed South Asian neighbours that America will do a lot of trade with them if they stopped the conflict. Prime Minister Narendra Modi said in Parliament this week that no leader of any country asked India to stop Operation Sindoor launched by India in retaliation after the April 22 terror attack in Jammu and Kashmir's Pahalgam that killed 26 people. External Affairs Minister S Jaishankar on Wednesday categorically said there was no third-party intervention in bringing about a ceasefire with Pakistan during Operation Sindoor, asserting that the halting of the military action was also not linked to trade as claimed by Trump. Intervening in the special discussion on Operation Sindoor in the Rajya Sabha, Jaishankar said Prime Minister Modi and Trump did not have any phone calls between April 22, when the Pahalgam terror attack took place, and June 16.
Economic Times
2 minutes ago
- Economic Times
MPC must ignore Trump's latest jibe, and stay focused on inflation risks and price stability goals
Oh, it's very much undead Nothing is certain except death and taxes,' said Benjamin Franklin. In the post-Trump world, one can add a third: slower growth and higher inflation or stagflation, in economists' lexicon. And possibly a fourth: Trump-induced turbulence, as evidenced by the latest round of tariff hikes announced last week. In a profession noted for its discontents-'If all the economists were laid end to end, they'd never reach a conclusion,' said George Bernard Shaw-Trump has achieved the near impossible. He's ensured almost complete unanimity among economists on the likely outcome of his chop-and-change policy on tariffs: lower growth, higher inflation. What explains economist-dominated MPC's decision to tread a different path and take a decidedly one-sided view of how Trump's tariffs will impact India's macro economy? Indian exceptionalism? Market capture? The desire of a relatively newly minted MPC (it has yet to complete a year in office in its present avatar) to respond to a nod-and-a-wink from North Block? 'Core inflation remains subdued, and overall inflation is comfortably below the RBI's 4% target, affording room for the easing cycle to be sustained,' says the finance ministry, crossing the unstated Lakshman rekha between the executive and RBI on interest rate policy in its latest monthly report. More importantly, will it continue down that path at its three-day meet, starting tomorrow? Unlike its peers worldwide, MPC seems to believe that growth will be adversely impacted, but not inflation. So, it has cut the policy repo rate by 100 bps since February 2025, reduced CRR by 100 bps and flooded the system with liquidity. All this, even as central banks in the US, China, the EU and Britain have opted to hold rates constant till there is greater fall in inflation to a more than six-year low in June was driven primarily by F&B group, which accounts for close to 46% of the consumption basket/index and can quickly reverse (one extreme weather event is all it takes). The US and Britain have seen an uptick in inflation. Oil prices are likely to move up post-Trump's threat to impose a penalty (100% tariff?) on countries that buy oil from Russia (India is a big buyer). Hardeep Puri has warned that removing Russian supplies from the market could push oil prices to $130-140 a the market has been signalling higher rates for some time now, with savers deserting bank deposits for riskier forms of investment, including, yes, cryptos. In its third buyback of this fiscal year, on July 17, RBI accepted only 79% of the notified amount, suggesting market participants wanted higher yields than its comfort level. Experience has shown that more liquidity may or may not spur credit growth, and hence economic growth. But it will almost definitely spur inflation in a scenario where supply-side factors (disruption of supply chains and higher tariffs worldwide) are likely to shift the balance of risks towards higher inflation, even as our domestic-focused economy navigates these shocks better. No wonder IMF has just hiked its growth projections for India. There is also the attendant risk of banks and NFBCs lending to less creditworthy borrowers. In a conversation with Raghuram Rajan, Jerome Powell, put it well: 'Tariffs are highly likely to generate at least a temporary rise in inflation. The inflationary effects could also be more persistent.'In a speech on economic outlook in April, Powell said: 'Our obligation is to keep longer-term inflation expectations well anchored and to make certain that a one-time increase in the price level does not become an ongoing inflation problem. We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension. If that were to occur, we would consider how far the economy is from each goal, and the potentially different time horizons over which those respective gaps would be anticipated to close.'To assume, as Sanjay Malhotra seems to have done, 'Inflation is under control, and we can assume that we have won the is good, but there is still room for improvement,' is unwise. RBI's mandate under the inflation targeting regime is clear. It is 'price stability, keeping in mind the objective of growth'. It is not a dual objective, as in the case of the US Fed. In terms of priorities, inflation ranks first. It is most certainly not 'aspirational' growth, a term that has newly entered MPC's might have won the battle against inflation, thanks in part to statistical sleight of hand (base effects) but not the war. Fortunately, RBI governor seems to have realised he might have erred. Last month, Malhotra's statement that 'though the RBI has won the battle against inflation, it continues its war against price rise, keeping in mind its objective of price stability', is a notable shift. One that suggests he, and MPC, will not rush in with another hasty rate cut. Never mind what Trump says, or the market wants. (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Zomato delivered, but did the other listed unicorns? US tariff hike to hit Indian exports, may push RBI towards rate cuts Will TCS layoffs open the floodgates of mass firing at Indian IT firms? Indian IT firms never reveal the truth hiding behind 'strong' deal wins Is Bajaj Finance facing its HDFC Bank moment? Tata Motors' INR38k crore Iveco buy: Factors that can make investors nervous Stock Radar: Strides Pharma stock hits fresh 52-week high in July; will the rally continue in August? F&O Radar| Deploy Short Strangle in Nifty to gain from Theta decay For investors who can think beyond Trump: 5 large-cap stocks with an upside potential of up to 36%
