English हिन्दी
Connect with us

India News

Former G20 Sherpa Amitabh Kant calls Trump’s 50% tariff a push for reforms, urges India to act decisively

Amitabh Kant, former G20 Sherpa, calls Trump’s 50% tariff on Indian goods a “once in a generation opportunity”, urging policymakers to use the moment for bold reforms.

Published

on

50 us tariff

India’s former G20 Sherpa and ex-NITI Aayog CEO Amitabh Kant has described the newly imposed 50% US tariff on Indian goods as a “once in a generation opportunity” to push for critical economic reforms. Despite the potential impact on India-US trade relations, Kant urged policymakers to use the moment strategically rather than see it purely as a setback.

The United States, under President Donald Trump’s leadership, has significantly escalated its trade stance toward India. Following a 25% tariff announced last month, Trump has now introduced an additional 25%, raising the effective tariff to 50% on a wide range of Indian exports.

The revised duty structure came into effect on August 7 at 9:30 am IST for the first phase, while the additional 25% will be implemented after a 21-day period. The move is reportedly a reaction to India’s ongoing procurement of Russian oil and defense equipment, a decision Trump has openly criticized.

In a strongly worded post on his platform Truth Social, Trump stated, “While India is our friend, we’ve done little business with them due to their high tariffs and non-monetary trade barriers.” He further emphasized India’s close energy and defense ties with Russia, calling them “not good” in light of global concerns over the war in Ukraine.

Broad impact across Indian export sectors

The tariff hike will affect a diverse range of Indian exports, increasing the cost of Indian goods in the American market. Products including shrimps, organic chemicals, textiles, apparel (both woven and knitted), gems and jewellery, steel, copper, aluminium, machinery, mechanical appliances, furniture, and bedding will now attract at least 50% tariffs.

Vehicles will face a 26% tariff, while petroleum products will incur a 6.9% duty. This could significantly weaken the competitiveness of Indian exporters in the US market — one of India’s top trading partners.

‘Crisis must be fully utilised’: Kant

Amitabh Kant, reflecting on the development, posted on X (formerly Twitter):

“Trump has provided us a once in a generation opportunity to take the next big leap on reforms. Crisis must be fully utilised.”

Kant’s statement underscores a broader viewpoint that India must respond to global shifts with internal strengthening, including policy shifts that could boost competitiveness, encourage domestic manufacturing, and diversify trade partnerships.

What lies ahead

While the immediate economic fallout may cause friction in India-US trade, experts believe this could also open the door to recalibrating India’s trade strategy. Analysts expect Indian authorities to evaluate both short-term mitigations and long-term structural adjustments in response to the US’s evolving trade policies.

As diplomatic channels work to ease tensions, Kant’s remark has set the tone for India to approach this challenge as a trigger for deeper economic transformation.

India News

Amit Shah praises Dharmendra Pradhan’s resignation, says Nation above post

Amit Shah hailed Dharmendra Pradhan’s resignation as Union Education Minister, saying BJP places the nation and students above any position while highlighting the government’s commitment to examination reforms.

Published

on

Amit Shah

Union Home Minister Amit Shah on Saturday praised Dharmendra Pradhan’s decision to step down as Union Education Minister, saying the move reflected the Bharatiya Janata Party’s commitment to placing the nation and students above any political position.

In a post on X, Shah said that for BJP workers, the country, its youth and students are more important than any office. He described Pradhan’s resignation as an example of the party’s guiding principle of prioritising national interest over personal ambition.

Shah highlights government’s focus on exam reforms

Amit Shah said the Narendra Modi-led government respects the sentiments of students and remains committed to strengthening the examination system following concerns over alleged paper leaks.

He said the Centre has introduced strict measures to ensure severe punishment for those involved in examination paper leaks and expressed confidence that these steps would deliver justice to students who cleared the National Eligibility-cum-Entrance Test (NEET).

Praises Pradhan’s work as Education Minister

Recalling Dharmendra Pradhan’s tenure, Shah highlighted several initiatives undertaken during his time in the Education Ministry. He credited Pradhan with helping implement the National Education Policy (NEP), expanding PM SHRI schools, promoting digital education, strengthening skill development and improving coordination between industry and academic institutions.

Shah also said Pradhan worked towards making examinations more inclusive and student-centric, adding that his tenure reflected his commitment to the vision of a developed India.

Resignation follows NEET controversy

Dharmendra Pradhan’s resignation comes amid nationwide protests over alleged irregularities in the NEET examination and growing demands for accountability.

The resignation has triggered political reactions across party lines. While opposition parties have described the development as a result of sustained student protests, BJP leaders have projected it as an example of accountability and commitment to national interest.

Continue Reading

India News

Assam flood death toll rises to 66, over 6.5 lakh people still affected

Assam’s flood situation improved slightly on Saturday, but more than 6.54 lakh people remain affected in six districts. Four fresh deaths have pushed the state’s flood toll to 66.

Published

on

Assam floods

The flood situation in Assam showed marginal improvement on Saturday, though the disaster continued to impact more than 6.54 lakh people across six districts. Four more deaths were reported during the day, taking the total number of fatalities in this year’s floods to 66.

According to the Assam State Disaster Management Authority (ASDMA), three of the latest deaths were reported from Sivasagar district, while one person lost their life in Charaideo.

The number of affected people declined from over 7.05 lakh across nine districts on Friday to 6,54,800 across six districts on Saturday, indicating a gradual improvement in the overall situation.

Sivasagar remains the worst-hit district

Among the affected districts, Sivasagar continues to be the worst hit, with nearly 2.9 lakh people impacted by the floods. Charaideo follows with around 1.9 lakh affected residents, while more than 1.3 lakh people remain affected in Jorhat.

The other districts still facing flood-related challenges are Dibrugarh, Golaghat and Nagaon.

Relief operations continue across affected areas

The ASDMA said the state administration is operating 274 relief camps and aid distribution centres across the affected districts. Around 18,902 displaced people are currently taking shelter at these facilities.

The latest daily bulletin also stated that floodwaters have inundated 810 villages across the state, while 34,970.8 hectares of agricultural land have suffered damage.

Rivers flowing above danger level

The floods have also damaged embankments, roads, bridges and other public infrastructure in several areas.

Authorities said the Dikhou River in Sivasagar and the Dhansiri River at Numaligarh are flowing above the danger level, and officials continue to closely monitor the situation.

Continue Reading

India News

UP Government forms new SIT led by 3 IPS officers to probe Ayodhya Ram Temple donation theft

The Uttar Pradesh government has formed a new SIT led by three IPS officers to investigate the alleged Ram Temple donation theft case in Ayodhya following Supreme Court directions.

Published

on

Ram Mandir

The Uttar Pradesh government has reconstituted a Special Investigation Team (SIT) headed by IG Kiran S, with DIG Somen Verma and SSP Dr Gaurav Grover as members, to investigate the alleged theft of donations meant for the Ram Temple in Ayodhya. 

The move comes after directions from the Supreme Court, which sought a reconstituted investigation team to ensure an independent and comprehensive probe into the allegations.

The newly formed SIT is expected to continue the investigation and submit a status report before the Supreme Court on July 27.

Senior IPS officers to lead the probe

According to the state government, the investigation will now be supervised by senior IPS officers.  The revamped SIT has been tasked with examining all aspects of the alleged embezzlement of temple donations and carrying the investigation forward.

The Supreme Court had observed that criminal investigations and technical examination of theft-related cases are more effectively handled by experienced police officers, leading to the reconstitution of the SIT under senior IPS leadership.

Probe to continue under court supervision

The case relates to the alleged embezzlement of offerings (chadhava) donated by devotees at the Shri Ram Janmabhoomi Temple in Ayodhya.

The Supreme Court is monitoring the investigation and will review the SIT’s status report at the next hearing.

Authorities are expected to continue examining evidence collected during the earlier stages of the investigation as the newly constituted SIT proceeds with the case.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com