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India to continue trade with Iran despite US sanctions threat

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India to continue trade with Iran despite US sanctions threat

Sushma Swaraj meets Iranian Foreign Minister Javad Zarif

Despite US threats of imposing “the highest level” of economic sanctions against Iran, India has made it clear that it will continue its trade with that country as New Delhi honors UN sanctions and not the “country specific sanctions”. It has asserted that New Delhi does not formulate its foreign policy “under pressure”.

On Monday, External Affairs Minister Sushma Swaraj clarified on India’s policy towards Iran on two different occasions. After making a statement during her ministry’s annual press briefing clarifying about sanctions against Iran, Sushma Swaraj met Iranian counterpart Javad Zarif  in the evening during which he sought India’s support in salvaging Iran’s nuclear deal in the wake of the US pull out.

According to ministry of external affairs statement, “FM Zarif briefed about the discussions that Iran has undertaken with parties to the Joint Comprehensive Plan of Action (JCPoA) following the US decision to withdraw from the agreement.”

The two top diplomats “discussed bilateral, regional and international issues of mutual interest and assessed the implementation of decisions taken during the visit of President Rouhani to India. They included bilateral cooperation in the areas of connectivity, energy, trade and promotion of people to people contacts”.

The sources said that Iran’s foreign minister sought India’s support to the nuclear deal during his talks with Swaraj. China, Russia and a number of European countries are working to salvage the deal.

It said that Sushma Swaraj conveyed that all parties to the agreement should engage constructively for peaceful resolution of issues that have arisen with respect to it.

Sushma Swaraj, while responding to a question during press briefing, said that New Delhi will keep trading with Iran and will only follow UN sanctions and not those imposed by any other country. She recalled that India continued its trade with Iran during earlier US sanctions.

Read More: Iranian President Hassan Rouhani to visit India

“India follows only UN sanctions and not unilateral sanctions by any country,” she said when asked about New Delhi’s response to the US decision to withdraw from a 2015 nuclear agreement and re-impose sanctions against Tehran.

However, Swaraj emphasized that India rejects “reactionary” policies and will not be dictated to by other countries. “We don’t make our foreign policy under pressure from other countries. We believe in UN sanctions but not in country-specific sanctions,” she pointed out. She added that India’s position was “independent” of any other country and would not make foreign policy “under pressure.”

Zarif’s day-long visit was part of Tehran’s efforts to reach out to major world powers after US pulled out from the 2015 nuclear deal under which Tehran had agreed to stop its sensitive nuclear activities in return for the lifting of crippling economic sanctions.

The Iranian foreign minister has already visited China, Russia and some European countries in the last three weeks after Donald Trump announced US withdrawal from the nuclear deal.

Iran is India’s third largest oil supplier and there were apprehensions about possible impact of the US decision on India’s oil imports. Modi’s government is already facing opposition ire on the unprecedented hike in petrol and diesel prices. Tehran is one of New Delhi’s top oil suppliers.

Read More: Trump’s pull out of Iran N-deal may escalate oil prices

The other members of Iranian delegation accompanying Zarif had separate meetings with their counterparts where they discussed measures for practical cooperation between the two sides.

In 2015 Iran and P5+1, permanent UNSC members and Germany had signed the deal known as Joint Comprehensive Plan of Action (JCPoA) after years of negotiations. It’s implementation began in January 2016. International Atomic Energy Agency (IAEA) has on 11 occasions has verified full compliance by Iranian authorities.

On May 8, US President Donald Trump had announced that Washington was walking away from the multilateral deal. He also said that he would reinstate US nuclear sanctions on Iran suspended under the nuclear accord and impose “the highest level” of economic sanctions on Iran.

In February this year, during his meeting with Prime Minister Narendra Modi visiting Iranian President Hassan Rouhani expressed readiness to expand mutual relations in all areas.

Read More: India sends first wheat shipment for Afghanistan via Iranian Chabahar port

During Rouhani’s visit Iran awarded a much-awaited agreement to India over the management of part of its strategic Chabahar port – a move that could enable India to dodge Pakistan and reach markets in Afghanistan, Central Asia and beyond.

Read More: Iran: More Indian ports may transit through Chabahar port

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Supreme Court flags risk of lawlessness, pauses FIRs against ED officers in Bengal case

The Supreme Court paused FIRs against ED officers in the Bengal I-PAC raid case, warning that obstruction of central probes could lead to lawlessness and seeking responses from the Centre and state.

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Supreme Court

The Supreme Court on Wednesday delivered a sharp rebuke to the Mamata Banerjee-led West Bengal government, pausing FIRs lodged against officers of the Enforcement Directorate over searches linked to political consultancy I-PAC. The court said the case raises serious questions about interference in investigations and warned that failure to address them could lead to “lawlessness”.

A bench of Justice Prashant Mishra and Justice Vipul Pancholi sought replies from the Ministry of Home Affairs, the Department of Personnel and Training, Chief Minister Mamata Banerjee and the Trinamool Congress government on the ED’s plea. The central agency has also sought the suspension of Bengal Director General of Police Rajeev Kumar and Kolkata Police Commissioner Manoj Kumar Verma, and a probe by the CBI. The matter will be heard next on February 3.

The ruling follows a standoff between the ED and the Bengal government after the agency conducted searches at premises linked to I-PAC, which manages election campaigns for the Trinamool Congress, in connection with a corruption case.

Court questions obstruction of central probes

Recording its prima facie view, the Supreme Court said the petition raised a “serious issue” concerning investigations by central agencies and possible obstruction by state authorities.

“There are larger questions which emerge and if not answered shall lead to lawlessness. If central agencies are working bona fide to probe a serious offence, a question arises: Can they be obstructed by party activities?” the bench observed.

Earlier in the day, the court also expressed disturbance over scenes of chaos in the Calcutta High Court during a hearing related to the same dispute.

ED alleges interference, seeks action against top cops

The Enforcement Directorate accused the West Bengal administration of interfering with its searches and investigation. Appearing for the agency, Solicitor General Tushar Mehta alleged that evidence was removed from the residence of an I-PAC co-founder and argued that such actions could encourage state police officers to aid and abet obstruction. He sought suspension of senior police officials.

Describing the disruption in the Calcutta High Court on January 9, Mehta called it “mobocracy”, saying a group of lawyers unconnected to the case disrupted proceedings, forcing an adjournment. The bench asked whether the high court had been turned into a protest site, to which Mehta responded that messages had circulated calling lawyers to gather at a specific time.

Banerjee’s counsel defends move, cites election confidentiality

Senior advocate Kapil Sibal, appearing for Mamata Banerjee, questioned the timing of the ED’s presence in Bengal ahead of Assembly elections. He said the last development in the coal scam case dated back to February 2024 and argued that I-PAC handled election-related work under a formal contract with the Trinamool Congress.

According to Sibal, election data stored at the premises was confidential and critical to campaign strategy. He said the party leadership had a right to protect such information.

Representing the Bengal government and the DGP, senior advocate Abhishek Singhvi referred to the January 9 disruption but argued it could not justify parallel proceedings in different courts. The bench responded that emotions “cannot go out of hand repeatedly”.

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Shashi Tharoor warns US tariffs on Iran could make Indian exports unviable

Shashi Tharoor has warned that cumulative US tariffs linked to Iran trade could rise to 75%, making most Indian exports to America commercially unviable.

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Shashi Tharoor

Congress MP and chairman of the Standing Committee on Foreign Affairs Shashi Tharoor has expressed serious concern over the United States’ latest tariff announcement targeting countries that continue to trade with Iran, warning that such measures could severely impact Indian exporters.

Reacting to the decision by US President Donald Trump to impose a 25% tariff on countries doing business with Iran, Tharoor said Indian companies would struggle to remain competitive if cumulative tariffs rise to 75%. He noted that India was already at a disadvantage compared to several regional competitors.

Tharoor said he had been troubled by the US tariff regime from the outset, pointing out that India was initially subjected to a 25% tariff while rival exporting nations in Southeast Asia were charged significantly lower rates. According to him, countries such as Vietnam, Thailand, Indonesia, Pakistan and Bangladesh faced tariffs ranging between 15% and 19% on labour-intensive goods exported to the US.

He explained that the situation had worsened with additional sanctions-linked duties. With the existing 25% tariff, another 25% related to Russia-linked sanctions, and a further 25% tied to Iran-related measures, the total burden could rise to 75%. At that level, Tharoor said, most Indian exports would no longer be commercially viable in the American market.

While noting that certain sectors such as pharmaceuticals may continue to export as they are not heavily impacted by sanctions, he warned that other key export categories would be hit hard. Tharoor described the situation as very serious and said it required urgent attention.

The Congress MP also expressed hope that the newly appointed US Ambassador could help facilitate progress on a bilateral trade agreement. He stressed that India could not afford to wait through the entire year for a deal and said an agreement should ideally be concluded in the first quarter of 2026.

Commenting on recent diplomatic engagements between India and the US, Tharoor underlined the need for faster consensus on trade issues. He said that at tariff levels as high as 75%, the idea of a meaningful trade deal loses relevance. According to him, a rate closer to what the UK enjoys with the US, around 15%, would reflect the respect due to a strategic partner.

Tharoor’s remarks come after President Trump announced that any country continuing business with Iran would face a 25% tariff on all trade with the United States, a move that has raised concerns among several trading partners.

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Indian Army symbolizes selfless service and duty, says PM Modi on Army Day

PM Narendra Modi on Army Day praised the Indian Army as a symbol of selfless service and unwavering duty, saluting the courage and sacrifice of its soldiers.

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pm modi speech

On the occasion of Army Day, Prime Minister Narendra Modi on Thursday paid tribute to the Indian Army, describing its soldiers as a symbol of selfless service who protect the nation with unwavering resolve, even in the most challenging circumstances.

In a message shared on social media platform X, the prime minister said the country salutes the courage and steadfast commitment of Indian Army personnel. He noted that their dedication to duty inspires confidence and gratitude among citizens across the country.

“Our soldiers stand as a symbol of selfless service, safeguarding the nation with steadfast resolve, at times under the most challenging conditions,” PM Modi said. He added that the nation remembers with deep respect those who have laid down their lives while serving the country.

Army Day is observed every year on January 15 to commemorate a historic moment in India’s military history. The day marks the appointment of Field Marshal K M Cariappa as the first Indian Commander-in-Chief of the Indian Army in 1949, when he took over from British officer General Sir F R R Bucher.

The occasion serves as a reminder of the Indian Army’s role in defending the country’s sovereignty and honour, as well as the sacrifices made by its personnel in the line of duty.

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