
Tripura FM demands spl attention to possible revenue deficit due to Bangladesh situation
The economy of the northeastern state, surrounded by Bangladesh on three sides, heavily depends on bilateral ties and export-import between the two sides, it said.
"The 16th Finance Commission held an important meeting with the representatives of all the northeastern states in Delhi on Monday. Finance Minister Pranajit Singha Roy, who joined the meeting, strongly batted for help for the state's overall development and infrastructure building", the statement said.
"The state's economy and revenue collection are largely dependent on Indo-Bangla relations and export and import. Given the prevailing situation- political instability, the state's socio-economic condition is adversely impacted. The medical tourism in the state is also hit by the present situation in the neighbouring country", Singha Roy stated in the meeting.
The state finance minister urged the Finance Commission to "pay special attention to the state's possible deficit in revenue collection" in the wake of the present situation in Bangladesh, it said.
Singha Roy also demanded special grants for the Tripura Tribal Areas Autonomous District Council for its overall development.
Seeking special outlay for forestry and ecology, the minister also demanded special grants for building infrastructure, especially railway and road connectivity.
"During monsoon, road connectivity and railway service suffer, disrupting supply lines to the state. Therefore, I urge the Finance Commission to allocate additional funds to handle such development," he said.
Earlier, North Eastern Council secretary Satinder Kumar Bhalla held a meeting with the officials of the state administration in Shillong on July 4.
Issues related to setting up an energy park and a diabetes research centre at Agartala, a gas-based power plant at Barmura and building a trauma centre in Dhalai district's Ambassa were discussed in the meeting, an official said.
This article was generated from an automated news agency feed without modifications to text.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Business Standard
an hour ago
- Business Standard
China trip 'not too distant', says Trump amid easing trade tensions
President Donald Trump on Tuesday said a trip to China might be not too distant, raising prospects that the leaders of the world's two largest economies may meet soon to help reset relations after moving to climb down from a trade war. Trump made the remarks while hosting Philippine President Ferdinand Marcos Jr. at the White House, where he praised the fantastic military relationship with Manila as the US looks to counter China's influence in the Indo-Pacific region. Yet, Trump still said the US is getting along with China very well. We have a very good relationship." He added that Beijing has resumed shipping to the US record numbers of much-needed rare earth magnets, which are used in iPhones and other high-tech products like electric vehicles. Widely speculated about since Trump returned to the White House, a summit between Trump and Chinese President Xi Jinping would be expected to stabilise even for a short while a difficult relationship defined by mistrust and competition. Beijing believes a leader-level summit is necessary to steady US-China relations and that Trump must be wooed because he has the final say on America's policy toward China, despite more hawkish voices in his Cabinet, observers say. The question, however, is when. Danny Russel, a distinguished fellow at the Asia Society Policy Institute, said Trump has consistently shown his hunger for a visit to China and that Beijing has used that to bolster leverage. As soon as the leadership in Beijing is satisfied that Trump will be on his best behavior and will accept terms for a deal that they think are favorable, they will give a green light to the visit, Russel said. Sun Yun, director of the China program at the Washington-based think tank Stimson Center, said a visit is in the making with two sides likely to strike a trade deal. What Trump said might mean the visit would not be in September but "potentially November, but still depends on whether they play ball on trade and other things we want," Sun said. Trump's campaign to impose tariffs on other countries kicked off a high-stake trade war with Beijing. China raised tariffs on US goods to 125% in response to Trump's hiking the tax on Chinese goods to 145%. Both sides also imposed on each other harsh trade restrictions on critical products: China on rare earths, and the US on computing chips and jet engine technology. Trade tensions, however, eased following two rounds of high-level talks in Geneva and London, when the two sides agreed to lower tariffs pending a more permanent deal by mid-August and pull back on trade restrictions. Treasury Secretary Scott Bessent said Tuesday on Fox Business' Mornings with Maria that he will be meeting with his Chinese counterparts in Stockholm next week to work on what is likely an extension of the Aug. 12 deadline. I think trade is in a very good place with China," Bessent told host Maria Bartiromo. Hopefully, we can see the Chinese pull back on some of this glut of manufacturing that they're doing and concentrate on building a consumer economy. He said he also expects to bring up China's purchases of Russian and Iranian oil and Beijing's role in aiding Moscow in its war against Ukraine. Beijing has not announced any travel plans for Vice Premier He Lifeng, who led trade negotiations in both Geneva and London on behalf of the Chinese government, but it is not unusual for China to make such announcements closer to a travel date. In a possible friendly gesture, Beijing on Tuesday said it suspended an antitrust investigation into chemical maker DuPont's operations in China. China's State Administration for Market Regulation made the announcement in a one-line statement but gave no explanation for the decision. DuPont said in a statement that it is pleased" with China's action. Chinese regulators launched the investigation in April against DuPont China Group, a subsidiary of the chemical giant, as part of Beijing's broad, retaliatory response to Trump's sky-high tariffs. Beijing also has agreed to approve export permits for rare earth elements and rare earth magnets that US manufacturers need to build cars, robots, wind turbines and other high-tech products. The US has eased restrictions on some advanced chips and other technologies.


NDTV
3 hours ago
- NDTV
Trump Says China Trip "Not Too Distant" As Trade Tensions Ease
Washington: President Donald Trump on Tuesday said a trip to China might be "not too distant," raising prospects that the leaders of the world's two largest economies may meet soon to help reset relations after moving to climb down from a trade war. Trump made the remarks while hosting Philippine President Ferdinand Marcos Jr. at the White House, where he praised the "fantastic military relationship" with Manila as the U.S. looks to counter China's influence in the Indo-Pacific region. Yet, Trump still said the U.S. is "getting along with China very well. We have a very good relationship." He added that Beijing has resumed shipping to the U.S. "record numbers" of much-needed rare earth magnets, which are used in iPhones and other high-tech products like electric vehicles. Widely speculated about since Trump returned to the White House, a summit between Trump and Chinese President Xi Jinping would be expected to stabilize — even for a short while — a difficult relationship defined by mistrust and competition. Beijing believes a leader-level summit is necessary to steady U.S.-China relations and that Trump must be wooed because he has the final say on America's policy toward China, despite more hawkish voices in his Cabinet, observers say. The question, however, is when. Danny Russel, a distinguished fellow at the Asia Society Policy Institute, said Trump has consistently shown his hunger for a visit to China and that Beijing has used that to bolster leverage. "As soon as the leadership in Beijing is satisfied that Trump will be on his best behavior and will accept terms for a deal that they think are favorable, they will give a green light to the visit," Russel said. Sun Yun, director of the China program at the Washington-based think tank Stimson Center, said a visit "is in the making" with two sides likely to strike a trade deal. What Trump said might mean the visit would not be in September but "potentially November, but still depends on whether they play ball on trade and other things we want," Sun said. Trump's campaign to impose tariffs on other countries kicked off a high-stake trade war with Beijing. China raised tariffs on U.S. goods to 125% in response to Trump's hiking the tax on Chinese goods to 145%. Both sides also imposed on each other harsh trade restrictions on critical products: China on rare earths, and the U.S. on computing chips and jet engine technology. Trade tensions, however, eased following two rounds of high-level talks in Geneva and London, when the two sides agreed to lower tariffs — pending a more permanent deal by mid-August — and pull back on trade restrictions. Treasury Secretary Scott Bessent said Tuesday on Fox Business' "Mornings with Maria" that he will be meeting with his Chinese counterparts in Stockholm next week to work on "what is likely an extension" of the Aug. 12 deadline. "I think trade is in a very good place with China," Bessent told host Maria Bartiromo. "Hopefully, we can see the Chinese pull back on some of this glut of manufacturing that they're doing and concentrate on building a consumer economy." He said he also expects to bring up China's purchases of Russian and Iranian oil and Beijing's role in aiding Moscow in its war against Ukraine. Beijing has not announced any travel plans for Vice Premier He Lifeng, who led trade negotiations in both Geneva and London on behalf of the Chinese government, but it is not unusual for China to make such announcements closer to a travel date. In a possible friendly gesture, Beijing on Tuesday said it suspended an antitrust investigation into chemical maker DuPont's operations in China. China's State Administration for Market Regulation made the announcement in a one-line statement but gave no explanation for the decision. DuPont said in a statement that it is "pleased" with China's action. Chinese regulators launched the investigation in April against DuPont China Group, a subsidiary of the chemical giant, as part of Beijing's broad, retaliatory response to Trump's sky-high tariffs. Beijing also has agreed to approve export permits for rare earth elements and rare earth magnets that U.S. manufacturers need to build cars, robots, wind turbines and other high-tech products. The U.S. has eased restrictions on some advanced chips and other technologies.


News18
6 hours ago
- News18
Trump says China trip is not too distant as trade tensions ease
Last Updated: Washington, Jul 23 (AP) President Donald Trump on Tuesday said a trip to China might be 'not too distant," raising prospects that the leaders of the world's two largest economies may meet soon to help reset relations after moving to climb down from a trade war. Trump made the remarks while hosting Philippine President Ferdinand Marcos Jr. at the White House, where he praised the 'fantastic military relationship" with Manila as the U.S. looks to counter China's influence in the Indo-Pacific region. Yet, Trump still said the U.S. is 'getting along with China very well. We have a very good relationship." He added that Beijing has resumed shipping to the U.S. 'record numbers" of much-needed rare earth magnets, which are used in iPhones and other high-tech products like electric vehicles. Widely speculated about since Trump returned to the White House, a summit between Trump and Chinese President Xi Jinping would be expected to stabilize — even for a short while — a difficult relationship defined by mistrust and competition. Beijing believes a leader-level summit is necessary to steady U.S.-China relations and that Trump must be wooed because he has the final say on America's policy toward China, despite more hawkish voices in his Cabinet, observers say. The question, however, is when. Danny Russel, a distinguished fellow at the Asia Society Policy Institute, said Trump has consistently shown his hunger for a visit to China and that Beijing has used that to bolster leverage. 'As soon as the leadership in Beijing is satisfied that Trump will be on his best behavior and will accept terms for a deal that they think are favorable, they will give a green light to the visit," Russel said. Sun Yun, director of the China program at the Washington-based think tank Stimson Center, said a visit 'is in the making" with two sides likely to strike a trade deal. What Trump said might mean the visit would not be in September but 'potentially November, but still depends on whether they play ball on trade and other things we want," Sun said. Trump's campaign to impose tariffs on other countries kicked off a high-stake trade war with Beijing. China raised tariffs on U.S. goods to 125% in response to Trump's hiking the tax on Chinese goods to 145%. Both sides also imposed on each other harsh trade restrictions on critical products: China on rare earths, and the U.S. on computing chips and jet engine technology. Trade tensions, however, eased following two rounds of high-level talks in Geneva and London, when the two sides agreed to lower tariffs — pending a more permanent deal by mid-August — and pull back on trade restrictions. Treasury Secretary Scott Bessent said Tuesday on Fox Business' 'Mornings with Maria" that he will be meeting with his Chinese counterparts in Stockholm next week to work on 'what is likely an extension" of the Aug. 12 deadline. 'I think trade is in a very good place with China," Bessent told host Maria Bartiromo. 'Hopefully, we can see the Chinese pull back on some of this glut of manufacturing that they're doing and concentrate on building a consumer economy." He said he also expects to bring up China's purchases of Russian and Iranian oil and Beijing's role in aiding Moscow in its war against Ukraine. Beijing has not announced any travel plans for Vice Premier He Lifeng, who led trade negotiations in both Geneva and London on behalf of the Chinese government, but it is not unusual for China to make such announcements closer to a travel date. In a possible friendly gesture, Beijing on Tuesday said it suspended an antitrust investigation into chemical maker DuPont's operations in China. China's State Administration for Market Regulation made the announcement in a one-line statement but gave no explanation for the decision. DuPont said in a statement that it is 'pleased" with China's action. Chinese regulators launched the investigation in April against DuPont China Group, a subsidiary of the chemical giant, as part of Beijing's broad, retaliatory response to Trump's sky-high tariffs. Beijing also has agreed to approve export permits for rare earth elements and rare earth magnets that U.S. manufacturers need to build cars, robots, wind turbines and other high-tech products. The U.S. has eased restrictions on some advanced chips and other technologies. (AP) AS AS (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 23, 2025, 04:15 IST News agency-feeds Trump says China trip is not too distant as trade tensions ease Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.