logo
Sri Lankan MP backs India amid tariff row

Sri Lankan MP backs India amid tariff row

Time of India4 hours ago
New Delhi: Amid the India-US tariff standoff, a Sri Lankan parliamentarian has come out in support of New Delhi and drawn attention to how the
Indian government
came to Colombo's aid when the island nation was facing a crisis.
During a recent parliamentary debate on the growing India-US
trade tension
, Colombo district MP and former minister
Harsha de Silva
reminded critics of
India
's generosity during
Sri Lanka
's difficult days, according to people in the know.
Finance
Value and Valuation Masterclass Batch-1
By CA Himanshu Jain
View Program
Finance
Value and Valuation Masterclass - Batch 2
By CA Himanshu Jain
View Program
Finance
Value and Valuation Masterclass - Batch 3
By CA Himanshu Jain
View Program
Artificial Intelligence
AI For Business Professionals
By Vaibhav Sisinity
View Program
Finance
Value and Valuation Masterclass - Batch 4
By CA Himanshu Jain
View Program
Artificial Intelligence
AI For Business Professionals Batch 2
By Ansh Mehra
View Program
"Don't laugh at India. Don't mock them when they are down, because when we were down, they were the only ones to lend us a hand," a source quoted de Silva as saying. "It ain't over until the fat lady sings. We witnessed you laughing. Don't laugh. India expected the tariffs to come down to 15%, and so did we."
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Undo
India had provided close to $4 billion in assistance to Sri Lanka during the economic crisis in 2022.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

As 50% US tariff looms, 6 key steps that can safeguard Indian economy
As 50% US tariff looms, 6 key steps that can safeguard Indian economy

Economic Times

time7 minutes ago

  • Economic Times

As 50% US tariff looms, 6 key steps that can safeguard Indian economy

Even as downside risks from Donald Trump's punitive tariffs on Indian exports to the US loom, the government may need to take some immediate to medium-term measures to protect the economy. Economists and industry chambers have suggested a bevy of steps that can protect exporters and provide them temporary relief. They have also suggested measures that can boost India's manufacturing competitiveness. From the Reserve Bank of India (RBI) chipping

India holds firm in US trade talks, eyes EU pact amid tariff tensions
India holds firm in US trade talks, eyes EU pact amid tariff tensions

Hindustan Times

time7 minutes ago

  • Hindustan Times

India holds firm in US trade talks, eyes EU pact amid tariff tensions

In a key meeting of the Parliamentary Committee on Foreign Affairs, the Foreign Secretary and the Commerce Secretary briefed members on India-US relations and ongoing trade negotiations, sources said on Monday Regarding the upcoming US delegation visit for trade negotiations, the government indicated there is no change in schedule.(REUTERS) The government outlined three categories under which the US has been imposing tariffs. The issues included Global Tariffs - measures applied to all countries, not just India, sector-specific tariffs - designed to attract certain industries to the US, such as automobiles, leather, and textiles and revenue-oriented tariffs - targeting sectors like agriculture and oil for revenue generation. Officials stressed that negotiations with the US are continuing, but India will not compromise in the agriculture and dairy sectors. The government is actively assessing the impact of tariffs in consultation with stakeholders, including exporters, and is exploring alternative trade partnerships. Talks on trade agreements with the EU are being expedited, and new agreements with other countries are also under consideration. On broader ties, the government noted that India-US relations remain strong beyond trade. Recent developments include resolutions passed at the UN Security Council and the QUAD on the Pahalgam attacks, the extradition of Tahawwur Rana from the US, and the designation of TRF as a terrorist organisation. There has been no India-US dialogue regarding Pakistan in the current trade discussions. Committee Chairperson Shashi Tharoor confirmed that around 50 questions were raised in the meeting. He reiterated that trade is only one dimension of the India-US partnership. On Pakistan Army Chief Asim Munir's nuclear threat remark, the government stated that such statements are unacceptable, especially when made from the soil of a friendly country. Regarding the upcoming US delegation visit for trade negotiations, the government indicated there is no change in schedule. On whether the nuclear threat issue would be raised with Washington, officials deferred to the Foreign Secretary but affirmed that such rhetoric is unwelcome. Commenting on Prime Minister Narendra Modi's talks with Ukrainian President Volodymyr Zelenskyy following his conversation with Russian President Vladimir Putin, the government noted that if the war ends, 25 per cent of existing tariffs--imposed due to India's purchase of Russian oil--would be lifted. However, India remains focused on addressing the remaining 25 per cent tariff impact.

Pak raps India for 'twisting' Asim Munir's remark
Pak raps India for 'twisting' Asim Munir's remark

Time of India

time11 minutes ago

  • Time of India

Pak raps India for 'twisting' Asim Munir's remark

Asim Munir ISLAMABAD: Pakistan Monday criticised India's ministry of external affairs, accusing it of "twisting" the remarks made by Army Chief Asim Munir during his visit to the US. "Pakistan strongly rejects the immature remarks made by the Indian ministry of external affairs earlier today...," the foreign office said while responding to media queries regarding the MEA statement. The foreign office also accused it of "distorting facts" and "twisting statements out of context." It stressed the Indian narrative of an alleged "nuclear blackmail' is a "misleading and self-serving construct", as Pakistan remains firmly opposed to the use or threat of use of force.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store