logo
India RETALIATES Against U.S. Tariff Bullying, Junks Multi-BILLION DOLLAR BOEING Deal? Report

India RETALIATES Against U.S. Tariff Bullying, Junks Multi-BILLION DOLLAR BOEING Deal? Report

Time of India3 days ago
Will US Tariff And Russian Oil Trigger Major Inflation Surge In India? RBI Governor Explains Impact
The Reserve Bank of India has raised red flags on the brewing global trade storm, triggered by the United States' recent tariff hikes. In his latest monetary policy address, RBI Governor Sanjay Malhotra warned that escalating trade tensions, especially involving the US, could derail India's growth path. With the repo rate held at 5.5%, the focus shifted sharply to the external threats facing India's economy. As tariffs rise, export prospects dim, and volatility in global financial markets intensifies, India stands at a critical juncture. Will America's aggressive trade stance trigger a ripple effect across Indian industries, jobs, and inflation? Is this the beginning of a new trade cold war? Watch as we decode the RBI's warning, the potential fallout for Indian exporters, and what lies ahead in this high-stakes global face-off.#rbi #monetarypolicy #sanjaymalhotra #indianeconomy #reporate #inflation #globaltrade #ustariffs #tradetensions #economicoutlook #rbigovernor #policyupdate #geopoliticalrisk #financialmarkets #stickyinflation #breakingnews #trending #trendingnow #toi #bharat #toibharat #indianews
20.7K views | 23 hours ago
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

US tariffs: India set to bounce back bolstered by strategic reforms, robust domestic demand
US tariffs: India set to bounce back bolstered by strategic reforms, robust domestic demand

Hans India

time6 minutes ago

  • Hans India

US tariffs: India set to bounce back bolstered by strategic reforms, robust domestic demand

New Delhi: As India-US trade talks stall, the resilience of India's economy is a cornerstone of its ability to weather these tariff pressures with minimal disruption as over the past decade, the country has transformed into a diversified economic powerhouse, bolstered by strategic reforms and robust domestic demand. According to BJP national spokesperson Tuhin Sinha, the trade talks, initially aimed at fostering mutual economic benefits, descended into a stalemate as the US pressed India with ambitious and arguably unrealistic demands. "Trump's administration sought extensive market access for American agricultural products, pharmaceuticals, and technology services, while imposing steep tariffs on Indian exports such as steel, aluminium, textiles, and IT services. These tariffs, coupled with demands that threatened India's domestic stakeholders, were met with resolute resistance from India, under the steadfast leadership of Prime Minister Narendra Modi," he emphasised in an opinion piece that appeared in NDTV. He further stated that committed to protecting the interests of farmers, fisheries, and Micro, Small, and Medium Enterprises (MSMEs), India refused to yield, prioritising its economic sovereignty. "This principled stance, as noted by economists Stuart and Linda Stern in their 2023 book India's Economic Ascendancy: Navigating Global Trade Challenges, has not only safeguarded India's core sectors but positioned it to emerge stronger from the ongoing tariff chaos," Sinha wrote. A SBI Research report last week said that imposition of a 25 per cent penalty on goods trade with India, with a proposition of an additional 25 per cent on the world's largest democracy, can be a bad policy decision for the US and its people. India - strategically protecting its sovereignty - must continue to protect its farmers from likelihood of predatory practices of select global conglomerates who may vie for a lucrative "Desi" pie without investing in sustainable market infrastructure creation, anchoring agri value chain financing and being a partner in welfare schemes that upend 'Ease of Living' for our farming community, the report stressed. According to Sinha, this tariff crisis presents India with a strategic opportunity to accelerate its pursuit of technological autonomy and expand its global market reach. "The Atmanirbhar Bharat (Self-Reliant India) initiative, another visionary policy spearheaded by PM Modi, has driven investments in indigenous technologies, particularly in critical areas like semiconductors, 5G infrastructure, and renewable energy," he emphasised. The Production-Linked Incentive (PLI) scheme has attracted global tech giants like Apple, Samsung, and Foxconn, boosting electronics exports by 22 per cent in 2024, according to the Ministry of Electronics and Information Technology. The tariff crisis has also reshaped the geopolitical landscape, creating opportunities for India to assert its global influence. "By standing firm against coercive trade tactics, India has bolstered its reputation as a principled and independent power. This stance has opened the door to fresh alignments, particularly within the Russia-India-China (RIC) framework," said Sinha. Prime Minister Modi's proposed visit to Beijing for the 2025 SCO Summit and his recent call with Brazilian President Luiz Inacio Lula da Silva signal India's intent to deepen ties with BRICS partners. "These diplomatic engagements, as noted by the Ministry of External Affairs (2025), reflect India's strategic balancing act, leveraging the tariff dispute to enhance its geopolitical leverage. The potential revival of RIC cooperation, alongside strengthened BRICS collaboration, positions India as a pivotal player in a multipolar world. By fostering these partnerships, India is not only countering US pressure but also shaping a new global order that prioritises mutual cooperation over unilateral demands," Sinha highlighted.

PM Modi flags off three Vande Bharat Express trains in Bengaluru: WATCH
PM Modi flags off three Vande Bharat Express trains in Bengaluru: WATCH

Mint

time6 minutes ago

  • Mint

PM Modi flags off three Vande Bharat Express trains in Bengaluru: WATCH

Prime Minister Narendra Modi flagged off three Vande Bharat Express trains at KSR Railway Station in Bengaluru on Sunday, August 10. These include trains from Bengaluru to Belagavi, Amritsar to Sri Mata Vaishno Devi Katra and Nagpur (Ajni) to Pune. While the much-awaited Bengaluru–Belagavi Vande Bharat Express was flagged off by Modi in person; the Shri Mata Vaishno Devi Katra–Amritsar, and Ajni (Nagpur)–Pune Vande Bharat services, were launched virtually, news agency PTI reported. Karnataka Governor Thaawarchand Gehlot, Chief Minister Siddaramaiah and Union Minister for Railways Ashwini Vaishnaw, were among others present at the event. Bengaluru–Belagavi Vande Bharat Express: It will be the 11th Vande Bharat service to operate in Karnataka. 'This train connects Bengaluru, India's Silicon City, with Belagavi, a hub of premier medical and engineering institutions, fostering economic and educational opportunities,' officials told PTI. According to officials, the Bengaluru–Belagavi Vande Bharat Express is the fastest train between these two cities, covering 611 km in just 8.5 hours. It will save approximately 1 hour and 20 minutes from KSR Bengaluru to Belagavi and 1 hour 40 minutes from Belagavi – KSR Bengaluru compared to existing services. Route: The Route traverses Karnataka's rich sugarcane belt, passing through key cities such as Dharwad, renowned for its prestigious educational institutions; Hubballi, a thriving commercial and industrial center; Haveri, an emerging agricultural hub; Davangere, popular for textiles and agriculture; and Tumakuru, a growing industrial and educational center. Timing: After the inauguration, the special inaugural train (Train No. 06575) will run from KSR Bengaluru to Belagavi, departing at 11:15 AM and reaching Belagavi at 8:00 PM the same day, with stops at Yesvantpur, Tumakuru, Davangere, SMM Haveri, SSS Hubballi, and Dharwad. The flagging of these new Vande Bharat trains underlines the central government's efforts to rejuvenate Indian railways to provide a world-class travel experience to the people. During his visit to Bengaluru, PM Modi will also inaugurate the Yellow line of Bangalore metro and undertake a metro ride from RV Road (Ragigudda) to Electronic City metro station today.

"Perfect Time To...": Stephen Colbert, Jimmy Fallon Slam Trump's India Tariffs
"Perfect Time To...": Stephen Colbert, Jimmy Fallon Slam Trump's India Tariffs

NDTV

time20 minutes ago

  • NDTV

"Perfect Time To...": Stephen Colbert, Jimmy Fallon Slam Trump's India Tariffs

Late-night show hosts Stephen Colbert and Jimmy Fallon have slammed US President Donald Trump for imposing a 50 per cent tariff on India. Mr Trump has imposed a 50 per cent tariff on Indian goods, including 25 per cent that kicked in on Thursday and another 25 per cent due to come into effect on August 28 as a penalty for buying Russian oil. During his "The Late Show", Mr Colbert said President Trump's tariffs on India will raise the price of items like gauze, bandages, and wading. "Yeah, yeah. Perfect time to introduce my new product, Steve's wad. What's in them? What do you care? You're bleeding. It's a wad," he joked during the show on Thursday. "I hope you remembered to set your clocks back to 'more expensive,'" he said after Mr Trump's sweeping new tariffs on more than 90 countries around the world came into effect Calling Mr Trump's tariffs"huge", he said the US administration has raised the import taxes to the highest level since the Great Depression in 1929. "Never a great sign to be compared to the worst thing ever," Mr Colbert said. He said that another country Mr Trump is "punishing" is Brazil, which is also facing a 50 per cent tariff. It is "bad news for meat-based Americans", Mr Colbert said. Jimmy Fallon Slams Trump's India Tariffs Jimmy Fallon also slammed Donald Trump's tariffs on India. "Well, guys, today more of President Trump's tariffs went into effect for more than 90 countries, including Canada, Brazil and India. The only places Trump didn't charge are North Korea and Epstein Island," he said Thursday. Mr Fallon's remarks came amid the Trump administration facing backlash over handling the case of disgraced financier Jeffrey Epstein. "Meanwhile, 50 per cent of tariffs on Brazil will dramatically raise the price of bananas, mangos and pineapples. Edible Arrangements was like, 'As long as you don't raise the price of cantaloupe and long toothpicks, we're good,'" Mr Fallon added. "Even toilet paper will get more expensive. You know it's bad when people come out of the bathroom like, 'Hey, where's that long CVS receipt?'" he said.

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