9th time in 20 days: Jairam Ramesh asks PM to clarify 'Donaldbhai's' Pak claim
The Congress intensified its demand for Prime Minister Narendra Modi to break his silence on the repeated claims by his "friend Donaldbhai" (US President Donald Trump) that his threat of cutting trade with India and Pakistan led to the ceasefire.The fresh attack by Congress's Jairam Ramesh came as Trump reiterated his claim that he avoided a potential nuclear disaster by mediating the ceasefire between India and Pakistan.advertisement
In a scathing post on X, the Rajya Sabha MP pointed out that through the repeated assertions by Trump - the ninth time in 20 days across 3 countries - the equivalence of India and Pakistan gets reiterated.India has always insisted on "de-hyphenation". The reference is to the term "Indo-Pak", which is how the West saw South Asia in the 90s in an attempt to balance its relationship with both nations."This is the 9th time in 20 days, across 3 countries and 3 cities. Donaldbhai keeps repeating the same sequence of events of how he got the 4-day India-Pakistan war to stop - US intervention and the use of trade instrument to stop nuclear escalation. The equivalence of India and Pakistan gets reiterated yet again," Ramesh tweeted.The government has always maintained that New Delhi and Islamabad "directly negotiated" the ceasefire and the US had no role in it.US COMMERCE SECRETARY'S COURT SUBMISSIONadvertisementThe Congress leader also referred to US Secretary of Commerce Howard Lutnick's recent submission before a court that the threat of tariffs helped the US broker a ceasefire between India and Pakistan.The issue was raised by the Trump administration before the Court of International Trade to defend its sweeping tariffs on countries.However, the trade court blocked Trump's tariffs from going into effect. A day later, an appeals court temporarily reinstated the tariffs.Referring to it, Ramesh tweeted, "President Trump's commerce secretary has made exactly the same claims in his submission to the New York-based Court of International Trade. But Donaldbhai's friend Narendra Modi continues to ignore his claims with absolute silence. Why doesn't the PM speak up?""Is President Trump also doing what Modi does all the time and so well (i.e. lying)? Or is he speaking even 50% truth?" he further said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
39 minutes ago
- Time of India
Large vision models give Quality Control a Big Brotherly spin
Ever wondered how your evening snack-time cookies turn out perfectly uniform in shape and texture? Chances are they were inspected by the cameras and AI systems built by this Chennai-based startup. Jidoka Technologies' software tools and computer vision models help detect product defects in real-time across assembly lines. From biscuits to car gears to coconut oil bottles, its systems use multiple cameras and powerful vision models to flag anomalies and eject defective items in a flash as the products run through conveyors. 'Modern computer vision can transform product inspection as manufacturers aim for higher quality,' says Sekar Udayamurthy, co-founder and CEO. Typically factories engage workers for manual quality checks. But, they are subjective as individual workers cannot perform uniformly causing either higher wastage or higher defects. Also the process could be slow. The startup makes it consistent, faster and helps companies scale inspections. It can inspect 10,000 parts per minute with more than 99% accuracy, according to Udayamurthy. It monitors manufacturing processes involving human workers in real time to prevent rework. Its tools can be used for various tasks including counting, sorting, label text verification, assessing inventory and suggesting improvements in the manufacturing process with analytical dashboards. Jidoka provides hardware tools along with its software and models. Giving us a lowdown on this entrepreneurial journey, Udayamurthy informs us that he was working in a senior role in the US at Cognizant, building products for Fortune 500 clients while his co-founders, Dr Krishna Iyengar, Vinodh Venkatesan were both employed in an auto manufacturing facility in Chennai. They identified quality control as a key pain point in the manufacturing sector, which led to higher wastage and costly recalls. So they began building industry-specific AI models. Starting with automobiles, Jidoka Technologies performs three million inspections a day across FMCG, pharmaceutical, electronics and logistics verticals for major companies like Britannia and Maruti Suzuki. 'We are the only ones who give both product and process inspection on a single platform. Secondly, we are the only ones that can do it at these speeds. These are our primary differentiators,' he said. The trio has built domain-specific vision models for each industry and holds two patents in anomaly detection and decision engine. The startup was incubated by NSRCEL of IIM Bangalore and has so far raised 19.5 crore. It raised 11 crore in Pre-Series A round from Arali Ventures. Jidoka aims to hit the $25 million revenue mark in five years time and bets on expanding its services to different verticals such as solar and semiconductors as well as geographic expansion in Australia, Europe and North America. They plan to build a platform for proactive monitoring for quality and throughput and building large vision models (LVM) to handle tasks in multiple domains. 'The end-game is to create generic models that can work across customer bases,' explains Udayamurthy. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Indian Express
an hour ago
- Indian Express
Foreign inflows into equity, debt markets rise to Rs 30,950 crore in May
After heavy outflows in the last eight months, inflows by FPIs into equity markets in May have hit the highest levels since September last year on the back of de-escalation in Indo-Pak tensions, possibility of a trade deal with the US, a weakening US dollar and better than expected corporate earnings quarter for most companies. In May, FPIs bought equity for Rs 19,860 crore through the exchanges, according to NSDL data. The change in FPI strategy in India which began in April continued in May, leading to a marginal 12 bps rise in their ownership in listed companies to 17.5 per cent on a sequential basis. FPIs remained sellers in India in the first three months of 2025. The big selling in stocks began in January (Rs 78,027 crore) when the dollar index peaked at 111 in mid-January. The intensity of selling declined and FPIs turned buyers in April with a buy figure of Rs 4,223 crore. Foreign players pulled out Rs 2.16 lakh crore from Indian equity market between October 2024 and March 2025. Total FPI inflows into equity and debt amounted to Rs 30,950 crore in May with debt inflows at Rs 12,155 crore. There was heavy FPI inflow of Rs 29,044 crore into the debt market in March this year. Despite the inflows in May, FPI outflows from equity in 2025 so far were at Rs 92,491 crore. 'Global macros like declining dollar, slowing US and Chinese economies and domestic macros like high GDP growth and declining inflation and interest rates are the factors driving FPI inflows into India,' said a leading research firm in its report. India's better-than- expected GDP growth in Q4 of FY25 at 7.4 per cent is an indicator that growth is rebounding and this can lead to revival of corporate earnings in FY26. While FPIs are likely to continue their investment in India, at higher levels they might sell since valuations are getting stretched. In May itself, India witnessed bouts of sharp selloff from FPIs on account of Indo-Pak tensions and the latest being rising US Treasury yields. On May 21, FPIs sold Indian equities worth Rs 10,000 crore in a single day. 'In the near term, there can be some headwinds on account of global geopolitical uncertainties but long-term outlook for Indian continues to remain intact with the markets continuing to factor in strong growth for Indian economy,' says Vaqarjaved Khan, senior fundamental analyst, Angel One Ltd. According to the NSE, FPI ownership in NSE-listed companies had been declining since March 2023 — barring a brief uptick in September 2024 — amid continued volatility in foreign flows. This reversed slightly in March 2025, with FPI share rising 12 bps quarter-on-quarter to 17.5 per cent, driven by gains in private banks where FPIs have high exposure. Excluding financials, FPI share fell 26 bps to a 13-year low of 15 per cent. FPIs also increased exposure to microcaps, with their share in companies outside the Nifty 500 hitting a 10-quarter high. Their holding in the Nifty 50 stayed flat at 24.3 per cent, while it fell 28 bps in the Nifty 500 to 18.5 per cent. Despite the recent resurgence in FPI inflows, near-term uncertainties such as geopolitical risks, rising US Treasury yields, any slowdown in earnings in India can hurt FPI inflows, Khan said. India's long term growth story backed by consumption and inhouse manufacturing continues to remain intact. Meanwhile, India's corporate earnings over the next 3-5 years is expected to compound at a growth rate of 14-17 per cent. Hence, whenever valuations become attractive, FPI inflows during such periods will see a huge boost like the recent one in April and May, Khan said. FPI flows in May till date were positive for all key emerging markets except Thailand. India, Brazil, Indonesia, Malaysia, Philippines, Taiwan and Vietnam witnessed inflows.
Time of India
an hour ago
- Time of India
Trump's warning if courts block tariff powers, says other nations would hold US hostage
US President issued a stark warning on Sunday, following the legal challenge to his controversial tariff policy, claiming that blocking his emergency powers could bring a disaster for the American economy. Tired of too many ads? go ad free now Taking to his social media platform, Truth Social, he wrote, 'If the Courts somehow rule against us on Tariffs, which is not expected, that would allow other Countries to hold our Nation hostage with their anti-American Tariffs that they would use against us." "This would mean the Economic ruination of the United States of America!' he further warned. His remarks follow the US Court of International Trade's ruling that Trump had exceeded his authority by invoking emergency powers to impose sweeping tariffs on imports from nearly every country. The court said the move was a misuse of the 1977 International Emergency Economic Powers Act (IEEPA), which is intended for actual emergencies. However, the US Court of Appeals for the Federal Circuit temporarily blocked that ruling on Thursday, granting the Trump administration permission to continue collecting tariffs while the case is under appeal. According to a statement from the appeals court, 'The request for an immediate administrative stay is granted to the extent that the judgments and the permanent injunctions entered by the Court of International Trade in these cases are temporarily stayed until further notice while this court considers the motions papers.' The legal tug-of-war has deepened the uncertainty surrounding Trump's tariff regime, which during his presidency was blamed for market volatility, disrupted supply chains, and contributing to inflationary pressure. While the latest court order offers a temporary reprieve for Trump's trade agenda, the final outcome remains undecided, and could have far-reaching consequences for US trade policy and the global economy.
