
Trade war: 'India's ties with US have weathered many transitions,' says MEA
"This partnership has weathered several transitions and challenges. We remain focused on the substantive agenda that our two countries have committed to and are confident that the relationship will continue to move forward," MEA spokesman Randhir Jaiswal said. At the same time, the govt underlined the significance of the relationship with Russia calling it steady and time-tested.
MEA: India and Russia have time-tested ties
Trump announced 25% tariffs on imports from India this week and also threatened to impose a penalty for India's oil and defence procurement from Russia.
On crude imports from Russia, govt reiterated India's position that it's guided by what is on offer in the markets, and by the prevailing global circumstances, in securing its energy needs.
On defence procurements, MEA spokesperson Randhir Jaiswal said sourcing of India's defence requirements is determined solely by its national security imperatives and strategic assessments.
Despite repeated provocations by Trump, India has so far avoided getting into a slanging match with Americans, focusing instead on ongoing negotiations for a bilateral trade deal that it hopes will alleviate some of the President's concerns about US' lopsided trade with India.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Stylish New Mobility Scooters Available for Seniors (Prices May Surprise You)
Mobility Scooter | Search Ads
Search Now
Undo
Asked about Trump tariffs and its implications for the relationship, the official said India and the United States share a comprehensive global strategic partnership anchored in shared interests, democratic values and robust people-to-people ties.
On defence cooperation, Jaiswal said India has a strong defence partnership with the US that has been strengthening over the past several years. There is potential for this partnership to grow further under the India-US COMPACT for the 21st century.
In Feb this year, Trump and PM Modi launched a new initiative — the 'US-India COMPACT (Catalysing Opportunities for Military Partnership, Accelerated Commerce & Technology) for the 21st Century' — to drive 'transformative change' across key pillars of cooperation.
Asked about ties with Russia, the official said India's bilateral relationships with various countries stand on their own merit and should not be seen from the prism of a third country. 'India and Russia have a steady and time-tested partnership,' added the official.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Economic Times
12 minutes ago
- Economic Times
Govt slashes security testing fees by 95% to boost local telecom manufacturing
Synopsis The telecom department has slashed security evaluation fees for telecom and ICT products by up to 95%, capping charges at Rs 50,000. This move aims to ease costs for domestic manufacturers and boost R&D. It benefits firms like Ericsson, Nokia, VVDN, and Dixon. Government R&D bodies are exempt from fees until March 2028 to spur innovation. iStock The telecom department Monday sharply slashed security evaluation fees for telecom and ICT products in a bid to make the security certification process more affordable for domestic evaluation fees were reduced by as much as 95% which previously ranged from Rs 2-3.5 lakh depending on the equipment category. Under the revised structure, the maximum testing certification labs can charge is Rs 50,000, from an earlier Rs 3.5 lakh. This will significantly reduce financial strain on telecom and ICT manufacturers. The move is expected to positively impact the operations of Ericsson, Nokia, Cisco, and telecom equipment manufacturers such as VVDN and Dixon Technologies, said analysts. 'This is a good step to spur innovation among local players. Earlier, each new product being developed locally had to be tested. With the fees rationalised, it becomes cheaper for us to innovate in R&D,' said Ashok Gupta, chairman, Optiemus Infracom, which makes telecom products including routers and set-top-boxes. Currently, products such as IP routers, Wi-Fi CPEs, and 5G Core SMF are under mandatory security testing, while Optical Line Terminals and Optical Networking Terminals are subject to voluntary certification. Gupta added that the security testing fees are added as part of the costs billed by the contract manufacturer to its customers, which was then passed down to the end-customer. However, security testing fees are only paid once when developing the product, and does not typically have a significant impact on final pricing, he government has also exempted security test evaluation fees for its R&D institutes such as CDOT and CDAC until March 31, 2028 as part of a wider effort to encourage innovation in public sector research.'This fee reduction is expected to bolster the competitiveness of Indian telecom manufacturers, stimulate local innovation, and provide a more straightforward pathway to market entry for both domestic and international Original Equipment Manufacturers (OEMs),' the ministry of communications said in a statement.


Economic Times
12 minutes ago
- Economic Times
Putin ready to meet Zelensky, but sends chilling nuke warning to Trump as deadline nears
Kremlin reports Putin's readiness for talks with Volodymyr Zelensky after expert preparations. Donald Trump sets an August 8 deadline for Russia to make peace or face sanctions. Russia continues attacks, ignoring US pressure. Trump warns of nuclear preparedness, moving submarines near Russia. Dmitry Medvedev threatens retaliation. Talks stall as Russia demands Ukraine cede territory and drop NATO plans. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Russia keeps attacking as peace talks stall Nuclear threats grow as Trump sends submarines Tired of too many ads? Remove Ads FAQs Putin is ready to meet Ukrainian President Volodymyr Zelensky, but only after "preparatory work is done at the expert level" — Kremlin spokesman Dmitry Peskov said. Peskov confirmed no such preparatory work has started yet. In the past, Putin rejected several proposals from Zelensky for face-to-face peace Putin claimed there was some positive progress in peace talks, but added that Russia currently holds the advantage in the war. Donald Trump has given Russia a 10–12 day deadline to agree to a peace deal with Ukraine — cutting down the previous 50-day wait time, as per the report by The means Russia has until August 8 to make peace, or face crippling new sanctions from the U.S. Despite this, Russia continues to launch attacks on Ukraine, ignoring U.S. pressure. The Kremlin warned everyone to be "very, very careful" about nuclear threats, responding for the first time to Trump's warning of nuclear had ordered two U.S. nuclear submarines to be moved near Russian territory, saying the U.S. is 'totally prepared' for nuclear war. This came after Dmitry Medvedev, Russia's former president, threatened the U.S. with nuclear retaliation, as stated by The Kremlin dismissed Trump's move, saying U.S. submarines are already on constant combat duty anyway. Peskov added they did not want to escalate or argue publicly about nuclear threats. Trump said he's frustrated with Putin, claiming their last phone call didn't make any progress on ending the has ramped up bombing raids, launching close to 1,000 drones and missiles a day, instead of slowing down attacks. A few days ago, 31 people died — including 5 children — in Kyiv, after Russia hit a residential tower with an Iskander missile, according to the report by The the weekend, Putin said again he wants peace, but also confirmed that his conditions for ending the war remain unchanged. Trump slammed Medvedev's threats as 'foolish and inflammatory' and then ordered the submarine deployments. In the post, Trump didn't clarify whether the submarines were nuclear-powered or nuclear-armed, and didn't reveal their exact a later Newsmax interview, Trump said the submarines were "closer to Russia", and that it was important to be 'ready.' Medvedev warned the U.S. about Russia's possible use of its 'Dead Hand' doomsday nuclear system, and mocked Trump by referencing zombie movies, as per The Sun said that 'each new ultimatum is a step toward war,' and that Russia won't back down. In response, Trump posted a warning that 'words are important' and can lead to dangerous consequences, hoping this wouldn't become one. Trump's special envoy, Steve Witkoff, will be visiting Moscow next week, on Wednesday or Thursday, for more Kremlin welcomed Witkoff's visit, calling it 'important, substantial, and helpful' — and said a meeting with Putin is scheduled. Witkoff has met Putin several times before, but has failed to convince him to agree to a ceasefire. Back in May, Zelensky challenged Putin to meet face-to-face, but Putin refused, saying he would only meet if a deal was already in wants Ukraine to give up four regions it claims to have annexed, which Ukraine has rejected outright. Putin also wants Ukraine to drop its NATO plans, which remains a key sticking point in peace talks, according to the report by The Aalborg Zoo accepts healthy chickens, rabbits, guinea pigs, and even horses to feed their zoo says feeding whole animals helps tigers and lions eat like they do in the wild and stay healthy.


Economic Times
12 minutes ago
- Economic Times
PB Balaji to take the wheel as JLR CEO — First Indian to lead iconic automaker
Synopsis Tata Motors has announced P.B. Balaji as the new CEO of Jaguar Land Rover, effective November 17, 2025, making him the first Indian to lead the luxury automaker. He succeeds Adrian Mardell, who is retiring after 35 years. Balaji's appointment comes as Tata Motors undergoes a demerger and JLR navigates its electric transition. Mumbai: Tata Motors has appointed P.B. Balaji as the next Chief Executive Officer of Jaguar Land Rover (JLR), effective November 17, 2025, the company said in a notification to the stock exchanges. With this, Balaji becomes the first Indian to lead the British luxury automaker, marking a symbolic and strategic milestone for both JLR and Tata Motors, its parent company. Balaji will succeed Adrian Mardell, who will retire after three years at the helm and 35 years of dedicated service to the company. Mardell is credited with leading a sharp turnaround at JLR during an era of electric transition and global uncertainty. The announcement comes at a pivotal time not only for JLR but also for Tata Motors, which is currently in the process of demerging its passenger vehicle and commercial vehicles businesses. from Indian stock exchanges. As a result of this ongoing transition, the company may no longer require a Group Chief Financial Officer, a role Balaji has held since 2017. His move to JLR, therefore, may also reflect an evolving corporate structure within the Tata automotive ecosystem. It is set to list its CV business in October this year. N. Chandrasekaran, Chairman of Tata Sons, Tata Motors, and JLR, stated: 'I would like to thank Adrian for his stellar leadership and record-setting performance. I am delighted to appoint Balaji as his successor. He knows JLR intimately and is well positioned to carry forward the 'Reimagine' strategy.' Balaji, an alumnus of IIT-Chennai and IIM-Kolkata, brings with him 32 years of global experience in the automotive and consumer goods sectors, having led large multicultural teams across Mumbai, London, Singapore, and Switzerland. His financial acumen and strategic leadership have been instrumental in Tata Motors' successful transformation on his new role, Balaji said: 'It is my privilege to lead this iconic company. Over the past eight years, I've come to deeply admire JLR and its exceptional brands. I look forward to the road ahead with optimism and purpose.'Since Tata Motors acquired JLR in 2008, the automaker has seen four CEO transitions–David Smith, Ralf Speth,Thierry Bolloré, and Adrian Mardell. Balaji's appointment represents both continuity and change as JLR navigates its next phase of electrification, innovation, and global repositioning.