
INDIA bloc parties trying to harm democracy through foreign infiltrators: BJP
BJP spokesperson Sudhanshu Trivedi said the Election Commission's drive is aimed at bringing required changes in electoral rolls through transparency.
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He alleged that the INDIA bloc parties have been winning in places where the presence of infiltrators has brought maximum changes in demography.
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It is an issue of national security and prestige, but Rahul Gandhi "wants to grab power at any cost", Trivedi said on the Congress leader's sharp criticism of the SIR and the Election Commission in general.
The BJP leader said India Gandhi believed 50 years back that an election's validity would be subject to her win, and Rahul Gandhi also suffers from the same "Emergency mindset".
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"According to Gandhi, the EC did a good job in Telangana, Punjab, West Bengal and Himachal Pradesh because the INDIA bloc parties won there but not so in Uttarakhand, Uttar Pradesh, Bihar and Haryana as the BJP won in these states," he said.
Ahead of Parliament taking up a discussion on the Pahalgam attack and Operation Sindoor, the BJP leader said India's military response was an unprecedented exercise that showed the valour and capability of the armed forces, while the Opposition is trying to insult them. PTI
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Indian Express
26 minutes ago
- Indian Express
As Russian oil discount narrows, economists think India can afford import diversification
With US President Donald Trump doubling the tariff on Indian goods to 50 per cent, economists think India can afford to reduce its purchase of Russian oil due to the narrowing of the discount on offer and diversify its sourcing. From around 2 per cent prior to the invasion of Ukraine in February 2022, the share of Russian oil in India's oil imports has increased sharply to 35-40 per cent, with Indian refiners lapping up discounted Russian oil that was shunned by developed nations. However, the tariff war instigated by Donald Trump – initially with a focus on addressing the US' trade deficit with other nations – has seen the imposition of so-called secondary tariffs on India for its purchase of Russian energy and defence equipment. On July 30, Trump threatened a 25 per cent on India and an additional unspecified 'penalty' for its Russian trade. On Wednesday, the penalty was revealed to be a further 25 per cent tariff on Indian goods that will come into effect on August 27. According to Barclays economists led by Aastha Gudwani, the purchase of discounted Russian oil helped lower India's oil import bill by around $7 billion-10 billion in 2024 to $186 billion. 'As of now, the discount on oil imports from Russia having narrowed to around $3-8/barrel lower than Middle eastern grade. Media reports suggest that Indian refiners would be pushed to pivot towards traditional West Asian suppliers and new players such as Brazil to make up for lost Russian supplies, with price increases around $4-5/barrel. With global oil prices in 2025 so far settling around $9/barrel lower than 2024, such a diversification of oil supply sources is unlikely to hurt India's oil import bill,' they added. Meanwhile, Nomura economists Sonal Varma and Aurodeep Nandi estimate the implied discount on Russian crude oil for Indian refiners declined to around $2.2 per barrel in 2024-25 from over $12 per barrel in 2022-23. As such, if India chooses to reduce its purchase of Russian oil, India's annual import bill may only rise by around $1.5 billion, they calculated. Morgan Stanley economists were in agreement, estimating that the discount India got on Russian crude oil in 2024-25 was only $2-3 per barrel. To be sure, Indian refining companies began cutting their purchase of Russian oil even prior to Trump's threat of a 'penalty'. In July, India's crude imports from Russia averaged 1.6 million barrels per day, as per data from Kpler, a global trade data and analytics firm, down 24 per cent from June. However, a move by India to procure more oil from countries other than Russia could push up prices globally, which would raise the import bill. While difficult to estimate, Nomura economists think that given India imported 1.8 billion barrels of oil in 2024-25, India's annual import bill could rise by around $1.8 billion for every $1 increase in global crude prices. 'Domestically, the government will likely keep pump prices constant, which means there is likely to be minimal inflation and growth impact from any shift in oil procurement. This also means that the ultimate cost of any transition will most likely have to be borne by public sector oil marketing companies, and eventually by the government if it needs to compensate them for these under-recoveries at a later stage,' Nomura said, adding that it did not see a 'major upside risk' to the Indian government's fiscal deficit target of 4.4 per cent of GDP for the current fiscal. Meanwhile, reduced demand for Russian oil from Indian refiners, especially state-run ones, is already beginning to reflect in prices, with Homayoun Falakshahi, head of crude oil analysis at Kpler, pointing out on Wednesday that private refiners were 'still scooping barrels, but at a lower pace. Four Aframaxes are currently waiting to discharge at Jamnagar and Vadinar'. An aframax is a type of oil tanker. According to Falakshahi, India's negotiations with the US could lead to New Delhi agreeing to raise its oil and gas purchases. The energy trade between the two countries is worth around $7.5 billion a year. 'This has already started to be the case, with the country's imports of US crude on the rise lately to an average of 225 kbd (thousand barrels per day) since May, nearly twice as much the levels from early 2025. Indian refiners could realistically increase their intake of US crude by another 100 kbd to previous highs of ~300 kbd in 2021,' Falakshahi said. However, he added he was sceptical that India will be able to completely stop the import of Russian oil. Siddharth Upasani is a Deputy Associate Editor with The Indian Express. He reports primarily on data and the economy, looking for trends and changes in the former which paint a picture of the latter. Before The Indian Express, he worked at Moneycontrol and financial newswire Informist (previously called Cogencis). Outside of work, sports, fantasy football, and graphic novels keep him busy. ... Read More


NDTV
26 minutes ago
- NDTV
Kashmir Mediation To Russian Oil: Trump's 'Un'Truth Social
New Delhi: US President Donald Trump has made several misleading or outright inaccurate statements about India -- from falsehoods regarding trade policy to the economy, Trump's remarks have frequently clashed with facts. Trump's announcement of 25 per cent additional tariffs on Indian goods triggered immediate diplomatic pushback from New Delhi and raised questions about Western consistency on Russian energy sanctions. Fact-checking Trump 1. "India Stopped Buying Russian Oil" Trump's Claim: "Well, I understand India no longer is going to be buying oil from Russia. That's what I heard. I don't know if that's right or not, but that's a good step." Fact Check: According to government sources, India continues to import Russian crude oil. 2. "India is the Tariff King" Trump's Claim: India is the "Tariff King" and an abuser of global trade rules. Fact Check: India's simple average tariff stands at 16 per cent, comparable to economies like Turkey (16.2 per cent) and Argentina (13.4 per cent). India's weighted average tariff is only 4.6 per cent. 3. "India is a Dead Economy" Trump's Claim: India is a "dead economy" and the US does "very little business" with India. Fact Check: Contrary to Trump's assertion, India remains the largest trading partner of the United States for the fourth consecutive year, with bilateral trade touching $131.84 billion in FY 2024-25. Indian exports to the US rose by 11.6 per cent, reaching $86.51 billion, and imports from the US stood at $45.33 billion. The two countries have set a target of $500 billion in bilateral trade by 2030 under the "Mission 500" roadmap. 4. Ceasefire Between India and Pakistan Trump's Claim: He personally brokered a ceasefire between India and Pakistan and prevented a nuclear conflict. Fact Check: There is no official evidence to support Trump's claim. Both Prime Minister Narendra Modi and External Affairs Minister S Jaishankar have clarified that no ceasefire was brokered by the United States. "At no stage, in any conversation with the United States, was there any linkage with trade and what was going on. Secondly, there was no talk between the Prime Minister and President Trump from the 22nd of April when President Trump called up to convey his sympathy, and the 17th of June, when he called up the Prime Minister in Canada to explain why he could not meet," Mr Jaishankar said in Parliament. 5. "1,000 Years War" Trump's Claim: "There have been tensions on that border for 1,500 years... a thousand-year fight in Kashmir." Fact Check: The India-Pakistan Kashmir conflict began in 1947 following the partition and independence of India. There is no historical basis for Trump's 1,000-year claim. Prior to 1947, Kashmir was a princely state under British rule and was not subject to the Indo-Pakistani conflict. 6. Kashmir Mediation Offer Trump's Claim: PM Modi asked him to mediate on Kashmir in 2019. Fact Check: India categorically denied that any such request was made. The Ministry of External Affairs stated: "No such request has been made by PM Modi to the US President. It has been India's consistent position that all outstanding issues with Pakistan are discussed only bilaterally." 7. "India Got A Sweeter Paris Deal" Trump's Claim: India got a "sweeter deal" under the Paris Climate Accord, which justified his withdrawal. Fact Check: India is the first G20 country to have met its Paris Climate Agreement targets. India's nationally determined contributions (NDCs) have been praised by international climate monitors. 8. "India is Taking American Jobs" Trump's Claim: "India is taking our jobs... It's not going to happen anymore, folks." Fact Check: Indian companies have created over 425,000 jobs in the United States, with $40 billion invested as per a 2023 Confederation of Indian Industry report. Additionally, Indian students contributed $7.7 billion annually to the US economy between 2019 and 2023. Indian-origin CEOs head major US. firms, including Google, Microsoft, IBM, and Adobe-driving American innovation and competitiveness.


Indian Express
26 minutes ago
- Indian Express
Daily subject-wise quiz : Attempt Economy MCQs with answers on imports of non-fuel ethanol, electric vehicle adoption and more (Week 122)
UPSC Essentials brings to you its initiative of subject-wise quizzes. These quizzes are designed to help you revise some of the most important topics from the static part of the syllabus. Attempt today's subject quiz on the Economy to check your progress. 🚨 Click Here to read the UPSC Essentials magazine for July 2025. Share your views and suggestions in the comment box or at With reference to the electric vehicle (EV) adoption, consider the following statements: 1. In the adoption of EVs, India leads among China, the US, and the EU. 2. India has a target of 30 per cent EV sales by 2040. 3. India has the highest EV penetration rate in two-wheelers, followed by cars. How many of the statements given above are correct? (a) Only one (b) Only two (c) All three (d) None Explanation — India will need 'soft' mandates – that could become more stringent over time – to accelerate electric vehicle (EV) adoption, the Centre's apex public policy think tank NITI Aayog has said in a new report. — Noting India's progress in EV adoption over the years, largely on the back of government incentives, NITI Aayog Member Rajiv Gauba said, 'It's alright to pat oneself on one's back, but we also have to acknowledge the fact that the adoption of EVs in India is at a slower pace than not only China, but also the US and the EU. Global penetration is about 17 per cent now, whereas we are at 7.6 per cent.' Hence, statement 1 is not correct. — To meet the national target of 30 per cent EV sales by 2030, mandates on the sale of certain segments of vehicles such as public buses, freight fleets, and government vehicles could give the market the right signal, according to the report. Hence, statement 2 is not correct. — According to the report, India has the highest EV penetration rate in three-wheelers (16 per cent), followed by two-wheelers (5 per cent), buses (7 per cent), cars (2 per cent), and trucks (0.07 per cent). Hence, statement 3 is not correct. Therefore, option (d) is the correct answer. Consider the following statements: 1. Ethanol exports from the US to India are basically for manufacturing alcohol-based chemicals, medicines and other industrial uses. 2. India currently permits imports of non-fuel ethanol and oil, but not whole grain and oilseed. Which of the statements given above is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 Explanation — Even though agriculture, along with the purchase of Russian oil, has emerged as a major sticking point in India-US trade discussions. — Tree nuts, primarily almonds and pistachios, have been the leading exports from the United States to India, valued at $1.1 billion or more in 2024 and growing at a 42.8% annual rate in the first half of this year. — Ethanol exports from the US to India, worth over $420 million last year, are basically for manufacturing alcohol-based chemicals, medicines and other industrial uses. The US wants India to open up imports of ethanol also for fuel use, i.e. blending with petrol and diesel. India has been resisting that, just as much as it is not allowing imports of genetically modified (GM) maize and soyabean. Hence, statement 1 is correct. — US farmers mostly grow only GM maize (corn) and soyabean. India currently permits imports of non-fuel ethanol and oil, produced from GM corn and soyabean respectively, but not the whole grain and oilseed as such. Hence, statement 2 is correct. Therefore, option (c) is the correct answer. With reference to the Merchant Discount Rate (MDR), consider the following statements: 1. The MDR is levied on merchants by banks that process debit and credit card payments. 2. Since January 2020, there has been no MDR on RuPay debit cards and UPI transactions to promote the adoption of digital payments across the country. 3. It ranges from 5% to 8% of the transaction amount. How many of the statements given above are correct? (a) Only one (b) Only two (c) All three (d) None Explanation — Speculation has been rife that UPI payments may be slapped with a per transaction fee called the Merchant Discount Rate (MDR). — The MDR is levied on merchants by banks that process debit and credit card payments. Hence, statement 1 is correct. — It is usually in the range of 1-3 per cent. Hence, statement 3 is not correct. — Since January 2020, there has been no MDR on RuPay debit cards and UPI transactions to promote the adoption of digital payments across the country. Hence, statement 2 is correct. Therefore, option (b) is the correct answer. With reference to the PM Jan Dhan Yojana (PMJDY), consider the following statements: 1. It is the government's flagship financial inclusion programme launched in 2018. 2. It has helped in direct benefit transfers (DBTs). 3. Under the PMJDY, there are account opening charges and account maintenance charges. 4. Its beneficiaries have access to an overdraft facility of up to Rs 10,000. Which of the statements given above are correct? (a) 1 and 2 only (b) 1, 2, and 4 (c) 2 and 3 only (d) 2 and 4 only Explanation — RBI Governor Malhotra announced that bank accounts opened under the PM Jan Dhan Yojana will be up for an update of accountholders' KYC (know-your-customer norms). About PMJDY — The government's flagship financial inclusion programme Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched by Prime Minister Narendra Modi ten years ago on August 28, 2014. Hence, statement 1 is not correct. — It is a National Mission for Financial Inclusion to ensure access to financial services, namely, basic savings & deposit accounts, remittance, credit, insurance, pension in an affordable manner. — Under the PMJDY, there are no account opening charges, no account maintenance charges, and no minimum balance charges. Free RuPay debit card, with in-built accident insurance cover of Rs 2 lakh, and access to overdraft facility of up to Rs 10,000, are other major features of the scheme. Hence, statement 3 is not correct and statement 4 is correct. — PMJDY accounts are eligible for Direct Benefit Transfer (DBT), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY), Micro Units Development & Refinance Agency Bank (MUDRA) scheme. Hence, statement 2 is correct. Therefore, option (d) is the correct answer. The white-backed plant hopper, a pest that spreads the Fiji virus disease, feeds on: (a) Millet plant (b) Maize plant (c) Wheat plant (d) Rice plant Explanation — Crop protection chemicals are commonly known as 'pesticides'. These are basically substances sprayed on crops to protect against insects ('pests') that cause damage, whether directly (by feeding on them) or indirectly (by transmitting disease). They also include fungicides (to control fungal diseases such as blast and sheath blight in rice or powdery mildew and rusts in wheat) and herbicides (to kill or inhibit the growth of weeds). — Take the white-backed plant hopper, a pest that both feeds on rice plants and also spreads the Fiji virus disease, resulting in their stunted growth. This 'dwarfing' disease has been reported by many paddy farmers in Punjab and Haryana during the current kharif growing season. The vector insect here injects the virus while sucking the sap from mostly young plants. — Farmers generally spray insecticides and fungicides only when they physical observe and assess the pest population or disease incidence to be significant enough to impact crop yield and quality/marketability. — In recent times, farmers have also been resorting to prophylactic application of 'pre-emergent' herbicides around or just after crop sowing. These stop the weeds from coming out, helping keep the field clean from the start. Alternatively, they may use 'early post-emergent' herbicides to control weeds at the crop's initial sensitive growth stage. Therefore, option (d) is the correct answer. With reference to Scheduled Commercial Bank, consider the following statements: becomes eligible for debts/loans at the bank rate from the RBI and automatically acquires the membership of a clearing house. includes Public Sector Banks, Private Sector Banks, Foreign Banks, Regional Rural Banks, Scheduled Payments Banks, Scheduled Small Finance Banks and Scheduled Co-operative Banks. Which of the statements given above is/are true? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 Explanation According to — A Scheduled Commercial Bank (SCB) is a commercial bank which has been included in the Second Schedule of the Reserve Bank of India Act, 1934 (RBI Act). Conditions for inclusion in the Second Schedule of the RBI Act are as stated in section 42(6)(a) of the RBI Act. — Every Scheduled Commercial Bank enjoys two types of principal facilities: – (i) It becomes eligible for debts/loans at the bank rate from the RBI (ii) It automatically acquires the membership of a clearing house. SCBs include Public Sector Banks, Private Sector Banks, Foreign Banks, Regional Rural Banks, Scheduled Payments Banks, Scheduled Small Finance Banks and Scheduled Co-operative Banks. Therefore, option (c) is the correct answer. TRIPS Agreement often seen in news is administered by: (a) BRICS (b) UNCTAD (c) World Trade Organisation (d) European Union Explanation According to — The TRIPS Agreement of WTO, which came into effect on 1 January 1995, is to date the most comprehensive multilateral agreement on intellectual property. Therefore, option (c) is the correct answer. Consider the following countries: 1. United States 2. China 3. Germany 4. India 5. Japan 6. United Kingdom Arrange the countries above according to the current GDP rankings, from highest to lowest among the given options. (a) 1, 2, 6, 4, 3, 5 (b) 1, 6, 2, 3, 4, 5 (c) 1, 2, 3, 5, 4, 6 (d) 1, 2, 3, 4, 5, 6 Explanation — Below are the top ten largest economies in the world, according to the current GDP (current prices), as of May 2025. (Source: IMF's World Economic Outlook | Data as of: May 26, 2025) Therefore, option (d) is the correct answer. Daily Subject-wise quiz — History, Culture, and Social Issues (Week 120) Daily subject-wise quiz — Polity and Governance (Week 122) Daily subject-wise quiz — Science and Technology (Week 122) Daily subject-wise quiz — Economy (Week 121) Daily subject-wise quiz — Environment and Geography (Week 121) Daily subject-wise quiz – International Relations (Week 121) Subscribe to our UPSC newsletter and stay updated with the news cues from the past week. Stay updated with the latest UPSC articles by joining our Telegram channel – IndianExpress UPSC Hub, and follow us on Instagram and X. Manas Srivastava leads the UPSC Essentials section of The Indian Express (digital). He majorly writes on UPSC, other competitive exams and education-related projects. In the past, Manas has represented India at the G-20 Youth Summit in Mexico. He is a former member of the Youth Council, GOI. A two-time topper/gold medallist in History (both in graduation and post-graduation) from Delhi University, he has mentored and taught UPSC aspirants for more than five years. His diverse role in The Indian Express consists of writing, editing, anchoring/ hosting, interviewing experts, and curating and simplifying news for the benefit of students. He hosts the YouTube talk show called 'Art and Culture with Devdutt Pattanaik' and a LIVE series on Instagram and YouTube called 'LIVE with Manas'.His talks on 'How to read a newspaper' focus on newspaper reading as an essential habit for students. His articles and videos aim at finding solutions to the general queries of students and hence he believes in being students' editor, preparing them not just for any exam but helping them to become informed citizens. This is where he makes his teaching profession meet journalism. He is also the editor of UPSC Essentials' monthly magazine for the aspirants. He is a recipient of the Dip Chand Memorial Award, the Lala Ram Mohan Prize and Prof. Papiya Ghosh Memorial Prize for academic excellence. He was also awarded the University's Post-Graduate Scholarship for pursuing M.A. in History where he chose to specialise in Ancient India due to his keen interest in Archaeology. He has also successfully completed a Certificate course on Women's Studies by the Women's Studies Development Centre, DU. As a part of N.S.S in the past, Manas has worked with national and international organisations and has shown keen interest and active participation in Social Service. He has led and been a part of projects involving areas such as gender sensitisation, persons with disability, helping slum dwellers, environment, adopting our heritage programme. He has also presented a case study on 'Psychological stress among students' at ICSQCC- Sri Lanka. As a compere for seminars and other events he likes to keep his orating hobby alive. His interests also lie in International Relations, Governance, Social issues, Essays and poetry. ... Read More