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Putin Offers ‘Golden Deal' As India Rejects Trump's F-35; Russian SU-57 Jet Now in Play

Putin Offers ‘Golden Deal' As India Rejects Trump's F-35; Russian SU-57 Jet Now in Play

Time of India5 days ago
'Heard India Will Stop?' Trump Reacts After India Defends Buying Russian Oil Amid 25% US Tariff Bomb
In a bold claim, US President Donald Trump has said India is 'no longer going to be buying oil from Russia'. He called it a 'good step,' though he wasn't sure of its accuracy. His remark follows Washington's 25% tariff blow and veiled threats of penalties. But India has pushed back with clarity. MEA spokesperson Randhir Jaiswal reaffirmed New Delhi's 'time-tested' partnership with Moscow and clarified that India's choices are market-driven and sovereign. While state refiners reportedly paused Russian oil purchases last week, officials say no final decision has been made. Is this a shift in India's energy policy or a short-term pause due to changing prices? As Trump dials up the pressure, New Delhi remains focused on balancing strategic ties with national interest. Watch this detailed analysis of diplomacy, oil politics, and the future of Indo-US-Russia equations.#donaldtrump #india #russia #usindiarelations #russianoil #moditrump #trumptariff #indiaoilimport #energytrade #foreignpolicy #externalaffairs #randhirjaiswal #modigovernment #trumpnews #russiaukrainewar #globaldiplomacy #indiarussia #useconomy #indiaeconomy #breakingnews #trending #bharat #toi #toibharat #indianews
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Did Trump broker India-Pakistan ceasefire during Op Sindoor? Rubio makes BIG claim, says US was directly..., Trump able to...
Did Trump broker India-Pakistan ceasefire during Op Sindoor? Rubio makes BIG claim, says US was directly..., Trump able to...

India.com

timea minute ago

  • India.com

Did Trump broker India-Pakistan ceasefire during Op Sindoor? Rubio makes BIG claim, says US was directly..., Trump able to...

(File) Operation Sindoor: US President Donald Trump has repeatedly claimed credit for brokering the India-Pakistan ceasefire that ended the 100-hour war between the two nuclear-armed neighbours in May this year. Trump has repeated the claim over two dozen times since May 10, and now, US Secretary of State Marco Rubio has reiterated the same, claiming that the United States 'got involved directly' when India and Pakistan 'went to war', and the US President was able to establish peace between the two bitter rivals. What did Rubio say? In an interview to EWTN's 'The World Over' on Thursday, Marco Rubio said that Trump is committed to peace and being the 'president of peace'. And so, we saw when India and Pakistan went to war, we got involved directly, and the president was able to deliver on that peace.' Rubio claimed that apart from ending the recent India-Pakistan war, Donald Trump also played a key role in resolving conflicts in other parts of the world, such as between Cambodia and Thailand, Armenia and Azerbaijan. 'Cambodia and Thailand more recently; Azerbaijan and Armenia, hopefully…DRC (Democratic Republic of Congo)-Rwanda – a 30-year war, 7 million people killed – we were able to bring them here to sign it,' Rubio said, adding that the US was proud of those initiatives and 'we're looking for more – obviously, the big one being in Ukraine and Russia'. 'We dedicate a significant amount of time to stopping and ending wars,' he said. How India responded? Rubio's statement comes at a time when Prime Minister Narendra Modi recently told the Parliament that no world leader forced India to stop the hostilities during Operations Sindoor against Pakistan. India has consistently maintained that understanding on cessation of hostilities with Pakistan was reached following direct talks between the Directors General of Military Operations (DGMOs) of the two militaries. Recently, Congress MP Shashi Tharoor, who recently led an all-party delegation to the US, said he raised Trump's mediation claims directly with US Vice President JD Vance during his talks. 'The meeting with Vice President Vance was very good and very clear. I think we made our position clear on this question of mediation and Vice President Vance understood our point of view completely,' Tharoor said. Donald Trump, since May 10, has repeatedly claimed credit for mediating India-Pakistan ceasefire, asserting he used trade as a weapon to force New Delhi and Islamabad to 'immediately stop the fighting'. (With inputs from agencies)

India's GDP growth may dip to 6% in FY26 if 50% tariffs imposed: Moody's
India's GDP growth may dip to 6% in FY26 if 50% tariffs imposed: Moody's

Business Standard

timea minute ago

  • Business Standard

India's GDP growth may dip to 6% in FY26 if 50% tariffs imposed: Moody's

Moody's Ratings on Friday said India's GDP growth is likely to slow down by about 30 basis points to 6 per cent in the current fiscal if the US implements 50 per cent tariffs from August 27. However, resilient domestic demand and the strength of the services sector will mitigate the strain on India, Moody's said, adding that India's response to high US tariffs will ultimately determine the effect on its growth, inflation and external position. On August 6, the US announced an additional 25 per cent tariff on all Indian imports, in addition to an existing 25 per cent duty, taking the total duty to 50 per cent effective August 27. The White House said the measure responds to India's continued purchase of Russian oil. "Should India continue to procure Russian oil at the expense of the headline 50 per cent tariff rate on goods it ships to the US, which is currently its largest export destination, we project that real GDP growth may slow by around 0.3 percentage points compared with our current forecast of 6.3 per cent growth for fiscal 2025-26 (ending March 2026)," Moody's said. The 50 per cent tariff on India compares with the 15-20 per cent duty for other Asia-Pacific countries. India and the US have been negotiating a bilateral trade agreement (BTA) since March, with an aim to more than double the bilateral trade in goods and services to USD 500 billion by 2030 from the current USD 191 billion. So far, five rounds of talks have been completed. For the sixth round, the US team is visiting India from August 25. They are aiming to conclude the first phase of the agreement by fall (October-November) this year. The two sides are also looking at an interim trade deal before the BTA. Moody's said countries in Asia-Pacific are vying for a greater share of trade and investment flows amid a restructuring of supply chains triggered by US policy shifts. "Beyond 2025, the much wider tariff gap compared with other Asia-Pacific countries would severely curtail India's ambitions to develop its manufacturing sector, particularly in higher value-added sectors, such as electronics, and may even reverse some of the gains made in recent years in attracting related investments," Moody's said. Since 2022, India has increasingly ramped up its crude oil imports from Russia as demand from the latter's traditional offtakers dried up amid sanctions tied to its invasion of Ukraine. "India has been able to procure at least some of its purchases of Russian oil at below global prices, which has helped insulate India's inflation from the pass-through of global commodity price movements, while preempting pressures on its current account deficit," Moody's said. India's imports of Russian crude rose to USD 56.8 billion in 2024 from USD 2.8 billion in 2021. Moody's said India retains sufficient foreign-reserve currency buffers to weather external volatility. "The magnitude of the drag on growth from tariff obstacles will influence the government's decision to pursue a fiscal policy response, although we anticipate the government will adhere to its focus on gradual fiscal and debt consolidation," said the US-based rating agency.

India explores partners beyond US to build fighter jet engines
India explores partners beyond US to build fighter jet engines

Economic Times

timea minute ago

  • Economic Times

India explores partners beyond US to build fighter jet engines

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