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NHK
5 hours ago
- NHK
India PM Modi expresses defiance against US tariff policy
India's Prime Minister Narendra Modi has vowed to protect his country's farmers in the face of high tariffs announced by the administration of US President Donald Trump. Modi made the pledge in a speech delivered at an Independence Day ceremony in the capital, New Delhi, on Friday. The US announced an additional 25 percent tariff on Indian exports, citing the country's purchase of crude oil and other products from Russia. Modi said that farmers and fishermen are top priorities of his government. In an apparent show of defiance against the tariffs, he said he will stand tall like a wall against any policies that threaten their interests. Modi also touched on the brief military conflict that erupted between India and Pakistan over the disputed region of Kashmir in May. He said the Indian army attacked hundreds of kilometers into enemy territory and turned terrorist bases into rubble. He warned Pakistan that if any unforeseen incidents occur in the future, India will decide what kind of punishments to impose.

Nikkei Asia
3 days ago
- Nikkei Asia
Digital transactions are transforming South Asian financial systems
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Japan Times
4 days ago
- Japan Times
India's ethanol drive imperils its push for edible oil self-sufficiency
India's drive to produce more ethanol is leading its farmers to switch away from growing oilseeds, undermining government efforts in the world's largest buyer of cooking oils to reduce costly imports. Helped by record corn and rice harvests, New Delhi is using more of the grains to make ethanol and meet its target of blending 20% of the biofuel additive with gasoline. The process, however, produces Distillers Dried Grains with Solubles (DDGS), a protein-rich byproduct that is flooding the animal feed market. The DDGS glut is weakening demand for oilmeals, depressing oilseed prices and prompting farmers in the South Asian nation to plant more corn and rice in place of soybeans and groundnuts — despite New Delhi's push to grow more of the oilseeds to ease imports.