logo
India Vice President Jagdeep Dhankhar announces resignation

India Vice President Jagdeep Dhankhar announces resignation

Khaleej Times21-07-2025
The Vice President of India, Jagdeep Dhankhar, announced his resignation on Monday, July 21.
Dhankar cited health concerns as the reason behind his sudden decision.
"To prioritise health care and abide by medical advice, I hereby resign as the Vice President of India, effective immediately, in accordance with Article 67(a) of the constitution," the former VP said it in a letter to the President.
In the notice, the leader expressed his gratitude to India's President, Droupadi Murmu, and Prime Minister Narendra Modi.
"The warmth, trust, and affection I have received from all the Hon'ble Members of Parliament would ever be cherished at and embedded in my memory.
I am deeply thankful for the invaluable experiences and insights I have gained as Vice President in our great democracy.
It has been a privilege and satisfaction to witness and partake in India's remarkable economic progress and unprecedented exponential development during this significant period. Serving in this transformative era of our nation's history has been a true honor.
As I leave this esteemed office, I am filled with pride in Bharat's global rise and phenomenal achievements and hold unwavering confidence in her brilliant future."
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Oil little changed after hitting one-week low, oversupply concerns linger
Oil little changed after hitting one-week low, oversupply concerns linger

Zawya

time15 minutes ago

  • Zawya

Oil little changed after hitting one-week low, oversupply concerns linger

Oil prices were little changed on Tuesday after three days of declines on mounting oversupply concerns after OPEC+ agreed to another large output increase in September, though the potential for more Russian supply disruptions supported the market. Brent crude futures were unchanged at $68.76 a barrel by 0036 GMT while U.S. West Texas Intermediate crude was at $66.27 a barrel, down 2 cents, or 0.03%. Both contracts fell by more than 1% in the previous session to settle at their lowest in a week. The Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, pumps about half of the world's oil and had been curtailing production for several years to support the market, but the group introduced a series of accelerated output hikes this year to regain market share. In its latest decision, OPEC+ agreed on Sunday to raise oil production by 547,000 barrels per day for September. It marks a full and early reversal of the group's largest tranche of output cuts, amounting to about 2.5 million bpd, or about 2.4% of global demand, though analysts caution the actual amount returning to the market will be less. At the same time, U.S. demands for India to stop buying Russian oil as Washington seeks ways to push Moscow for a peace deal with Ukraine is increasing concerns of a disruption to supply flows. U.S. President Donald Trump is threatening to impose 100% secondary tariffs on Russian crude buyers. This follows a 25% tariff on Indian imports announced in July. India is the biggest buyer of seaborne crude from Russia, importing about 1.75 million bpd of Russian oil from January to June this year, up 1% from a year ago, according to data provided to Reuters by trade sources. "India has become a major buyer of the Kremlin's oil since the 2022 invasion of Ukraine. Any disruption to those purchases would force Russia to find alternative buyers from an increasingly small group of allies," ANZ senior commodity strategist Daniel Hynes wrote in a note. Traders are also awaiting any developments on the latest U.S. tariffs on its trading partners, which analysts fear could slow down economic growth and dampen fuel demand growth. (Reporting by Anjana Anil in Bengaluru; Editing by Christian Schmollinger)

India's biggest refiner buys US, Middle East crude as Trump slams Russia purchases
India's biggest refiner buys US, Middle East crude as Trump slams Russia purchases

Zawya

time15 minutes ago

  • Zawya

India's biggest refiner buys US, Middle East crude as Trump slams Russia purchases

SINGAPORE/NEW DELHI: Indian Oil Corp has bought 7 million barrels of crude from the United States, Canada and the Middle East, four trade sources said on Monday, as U.S. President Donald Trump ramped up his criticism of the country over its purchases of Russian oil. India is the biggest buyer of seaborne crude from Russia, which is under Western-led sanctions over its war in Ukraine. Its main refiners paused buying Russian oil last week as discounts to other suppliers narrowed after Trump threatened hefty tariffs on imports from countries that make any such purchases, Reuters reported last week. Indian government officials denied any policy change. On Monday, Trump said on Truth Social he would substantially raise the import levy on Indian goods, accusing the country of not only buying massive amounts of Russian oil but "they are then, for much of the Oil purchased, selling it on the Open Market for big profits". India imported about 1.75 million barrels per day of Russian oil from January to June this year, up 1% from a year ago, according to data provided to Reuters by trade sources. IOC, India's largest refiner, bought crude via a tender from the United States, Canada and the Middle East for September arrival, the trade sources said on Monday. They declined to be named because they were not authorised to speak to the media. The refiner bought 4.5 million barrels of U.S. crude, 500,000 barrels of Western Canadian Select (WCS) and two million barrels of Das oil produced in Abu Dhabi, the sources said. The higher-than-normal purchases are partly to replace Russian barrels, two of the sources said. Indian state refiners - IOC, Hindustan Petroleum Corp , Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd - had not sought Russian crude in the past week or so, Reuters reported last week. Indian companies do not comment on oil purchases. In IOC's tender that closed on Friday, P66 and Equinor will each ship 1 million barrels of U.S. West Texas Intermediate Midland crude while Mercuria will ship 2 million barrels of the same grade, the sources said. Vitol will deliver 1 million barrels of WTI Midland and WCS, they added. Trafigura will deliver 2 million barrels of Das. Prices for the deals were not immediately available. U.S. criticism of India's oil purchases from Russia sharpened after New Delhi and Washington failed to reach an agreement on a trade deal, prompting the Trump administration to levy a 25% import tariff on Indian goods. (Reporting by Florence Tan, Siyi Liu in Singapore and Nidhi Verma in New Delhi; Editing by Kate Mayberry and Emelia Sithole-Matarise)

Trump again threatens India with harsh tariffs over Russian oil purchases
Trump again threatens India with harsh tariffs over Russian oil purchases

Zawya

time15 minutes ago

  • Zawya

Trump again threatens India with harsh tariffs over Russian oil purchases

WASHINGTON: U.S. President Donald Trump again threatened on Monday to raise tariffs on goods from India over its Russian oil purchases, while New Delhi called his attack "unjustified" and vowed to protect its economic interests, deepening the trade rift between the two countries. In a social media post, Trump wrote, "India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don't care how many people in Ukraine are being killed by the Russian War Machine." "Because of this, I will be substantially raising the Tariff paid by India to the USA," he added. A spokesperson for India's foreign ministry said in response that India will "take all necessary measures to safeguard its national interests and economic security." "The targeting of India is unjustified and unreasonable," the spokesperson added. Trump has said that from Friday he will impose new sanctions on Russia as well as on countries that buy its energy exports, unless Moscow takes steps to end its 3-1/2 year war with Ukraine. Russian President Vladimir Putin has shown no public sign of altering his stance despite the deadline. Over the weekend, two Indian government sources told Reuters that India will keep purchasing oil from Russia despite Trump's threats. India has faced pressure from the West to distance itself from Moscow since Russia invaded Ukraine in early 2022. New Delhi has resisted, citing its longstanding ties with Russia and economic needs. Trump had already in July announced 25% tariffs on Indian imports, and U.S. officials have cited a range of geopolitical issues standing in the way of a U.S.-India trade accord. Trump has also cast the wider BRICS group of developing nations as hostile to the United States. Those nations have dismissed his accusation, saying the group promotes the interests of its members and of developing countries at large. CRUDE BUYER India is the biggest buyer of seaborne crude from Russia, importing about 1.75 million barrels per day of Russian oil from January to June this year, up 1% from a year ago, according to data provided to Reuters by trade sources. India began importing oil from Russia because traditional supplies were diverted to Europe after the outbreak of the Ukraine conflict, the Indian spokesperson said, calling it a "necessity compelled by global market situation." The spokesperson also noted the West's, particularly the European Union's, bilateral trade with Russia: "It is revealing that the very nations criticizing India are themselves indulging in trade with Russia." Despite the Indian government's defiance, the country's main refiners paused buying Russian oil last week, sources told Reuters. Discounts to other suppliers narrowed after Trump threatened hefty tariffs on countries that make any such purchases. Indian government officials denied any policy change. The country's largest refiner, Indian Oil Corp, has bought 7 million barrels of crude from the United States, Canada and the Middle East, four trade sources told Reuters on Monday. India also has been frustrated by Trump repeatedly taking credit for an India-Pakistan ceasefire that he announced on social media in May, which halted days of hostilities between the nuclear-armed neighbors. The unpredictability of the Trump administration creates a challenge for Delhi, said Richard Rossow, head of the India program at Washington's Center for Strategic and International Studies. "India's continued energy and defense purchases from Russia presents a larger challenge, where India does not feel it can predict how the Trump administration will approach Russia from month to month," he said. (Reporting by Kanishka Singh, Doina Chiacu and David Brunnstrom in Washington, Harshita Meenaktshi in Bengaluru, and Shivam Patel and Manoj Kumar in New Delhi; Writing by Joseph Ax; Editing by Bill Berkrot and Rosalba O'Brien)

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