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Business Standard
12 minutes ago
- Business Standard
Bessant warns of higher secondary tariff on India, asks EU to join hands
US Treasury Secretary Scott Bessent on Wednesday warned that Washington could raise its current 25 per cent secondary tariff on India if American President Donald Trump's meeting with his Russian counterpart Vladimir Putin in Alaska on Friday fails to make headway on Ukraine. He also asked the European Union to impose a similar secondary levy on India. 'We put a secondary tariff on Indians for buying Russian oil, and I could see -- if things don't go well (in the Trump-Putin meeting) -- then sanctions or secondary tariffs could go up,' Bessent told Bloomberg Television. 'President Trump is meeting with President Putin, and the Europeans are in the wings carping about how he should do it, what he should do. The Europeans need to join us in these sanctions. The Europeans need to be willing to put on these secondary sanctions.' When asked about China being the largest purchaser of Russian crude, Bessent said Trump may tell Putin that 'all options are on the table.' He added: 'Sanctions can go up, they can be loosened, they can have a definitive life, they can go on indefinitely.' In an earlier interview with Fox Business, Bessent described India as 'a bit recalcitrant' in its trade negotiations with the US. The Ministry of External Affairs on August 6 had called the 25 per cent secondary tariff, which raised the total American tariff on Indian goods to 50 per cent, 'unfair, unjustified and unreasonable,' and said it would take all necessary actions to protect its national interests. Speaking at an event in Mumbai on Wednesday, Chief Economic Advisor V Anantha Nageswaran said US tariff-related challenges would likely dissipate within one or two quarters, and urged the private sector to step up as the country addresses longer-term concerns. 'I do believe that the current situation will ease out in a quarter or two. I don't think that from a long-term picture the India impact will be that significant, but in the short run there will be some impact,' Nageswaran was quoted by PTI as saying. With speculation over whether US officials will visit India for trade talks later this month, Nageswaran said the outcome of the Trump-Putin meeting in Alaska is likely to influence developments. The CEA added that the focus on tariff disputes should not overshadow more pressing issues, including the impact of artificial intelligence, dependence on a single country for critical minerals and processing, and the need to strengthen supply chains.
The Hindu
42 minutes ago
- The Hindu
Tushar Gandhi to inaugurate KSSP seminar
The Kerala Sasthra Sahithya Parishad (KSSP) will organise a national seminar on the 'Challenges faced by Universities' in Thiruvananthapuram on Saturday. Social activist and the great-grandson of Mahatma Gandhi, Tushar Gandhi, will inaugurate the programme. KSSP president T.K. Meerabai will preside over the inaugural session. The seminar, which will bring together prominent education experts and social activists, will focus on preserving federalism in education, defending democratic values and protecting the rights of States to regulate education within their jurisdictions, particularly against the backdrop of the National Education Policy 2020, the organisers said in a statement. Former Vice-Chancellor of National University of Advanced Legal Studies N.K. Jayakumar will deliver a keynote address on 'University laws and dissenting opinions.' Former Kerala University Vice-Chancellor B. Ekbal will also speak at the session. Another keynote session on 'Challenges in higher education and the path forward' will be led by Kerala Council for Historical Research chairperson K.N. Ganesh. Noted educationist R.V.G. Menon will also speak on the occasion. Later, Mr. Gandhi and former Education Minister C. Raveendranath will deliver lectures under the aegis of the Kerala Vidyabhyasa Samithi.
Indian Express
42 minutes ago
- Indian Express
BJP to observe Partition Horrors Remembrance Day, Congress to hold march against election malpractice
The city units of ruling BJP and the opposition Congress are all set to take to the streets and hold protest marches on the eve of Independence Day in the city on Thursday with BJP observing a Partition Horrors Remembrance Day while Congress will hold a candle march to protest against election malpractices. The city BJP under the leadership of senior lawyer and BJP Rajya Sabha MP Ujjwal Nikam to observe August 14 as the Vibhajan Vibhishika Divas, Partition Horrors Remembrance Day, as a fitting tribute to all those who lost their lives due to the partition of the nation and were displaced from their roots on August 14, 1947. In 2021, Prime Minister Narendra Modi had declared August 14 to be observed every year as Vibhajan Vibhishika Divas, Partition Horrors Remembrance Day to commemorate the sacrifice on August 14 during partition. He had stated that the declaration of such a day would remind present and future generations of Indians of the pain and suffering faced by the people during the partition. 'The city BJP will take out a rally of Vibhajan Vibhishika Divas at 5.30 pm on Thursday which will start at Swatantryaveer Vinayak Damodar Savarkar memorial at Sarasbaug and end at Abhinav College chowk,' said city BJP chief Dheeraj Ghate. On the other hand, the city Congress is going to hold a candle march at 7 pm from Gopalkrishna Gokhale statue at Good Luck chowk to the main gate of Fergusson College gate. 'Congress leader Rahul Gandhi has exposed the wrongdoing in electoral rolls. The BJP has grabbed power through wrong means by putting pressure on Election Commission of India and doing irregularities in electoral rolls. We are holding a candle march to condemn the BJP misusing power to retain its rule through improper means,' said city Congress chief Arvind Shinde. Incidentally, the state Congress had conducted a two day workshop for its newly appointed office bearers on August 11 and 12 in the city.
