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Nirmala Sitharaman says India “would love a big, good, beautiful” trade pact with the US 

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Nirmala Sitharaman

As the July 9 deadline nears to avoid retaliatory US tariffs, India is pushing forward on trade negotiations with urgency. Finance Minister Nirmala Sitharaman expressed strong interest in a bilateral trade pact with the United States, stating “Yes, we would love to have an agreement, a big, good, beautiful one; why not?” Her remarks echoed the tone of former US President Donald Trump’s “Big Beautiful Bill,” as both nations seek to finalise a limited trade agreement. 

The urgency comes as US threatens steep retaliatory tariffs, reportedly as high as 26% on key Indian exports. The Finance Minister emphasized that while India is open to deeper economic cooperation, it will not cross its “red lines,” particularly in sectors like agriculture and dairy, where domestic interests remain paramount.

The negotiating team made sure to address and incorporate all of the industry’s concerns before entering into discussions. Sitharaman emphasized that agriculture and dairy sectors have been major sensitive areas, where the government has proceeded with significant caution. 

Trump had earlier claimed a “very big” trade deal was underway, suggesting it would unlock Indian markets for American businesses. However, he also acknowledged that full access remained “unthinkable” due to India’s protective stance on key sectors.

Sitharaman rejected Trump’s previous characterization of India as a “tariff king,” calling the label “absolutely unjustified.” She argued that India’s applied tariff rates are well within global norms and WTO limits. 

“We have only eight duties, inclusive of zero tariffs. She stated that substantial reductions were made in both the July and February budgets, and the actual tariff rates remain well below the limits set by the WTO. 

India’s average customs duties make up just 4% of the value of imports significantly below global averages. In the ongoing talks, India is seeking tariff relief on steel, aluminium, and certain agricultural products. It is also advocating for liberalised visa norms and better market access for its services sector.

On the other hand, the US is pushing for greater access to India’s agricultural and tech markets, along with stronger commitments on intellectual property enforcement and cross-border data flows. 

India News

EC extends SIR deadlines for 6 states, no change for West Bengal

The Election Commission has extended the SIR exercise in six states and a Union Territory, while West Bengal and three others received no extension as the voter roll update process progresses.

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The Election Commission has revised the timeline for the ongoing Special Intensive Revision (SIR) of electoral rolls in six regions, while keeping the schedule unchanged for West Bengal, Goa, Lakshadweep and Rajasthan. The SIR exercise, aimed at removing inaccuracies and updating voter lists, will now continue for longer in Tamil Nadu, Gujarat, Madhya Pradesh, Chhattisgarh, Uttar Pradesh, and the Andaman and Nicobar Islands.

Revised dates for voter roll revision

According to the Election Commission, the enumeration period has been extended as follows:

  • Tamil Nadu and Gujarat: Till December 14
  • Madhya Pradesh, Chhattisgarh, Andaman and Nicobar Islands: Till December 18
  • Uttar Pradesh: Till December 26

The publication of draft rolls will now be:

  • December 19 for Tamil Nadu and Gujarat
  • December 23 for Madhya Pradesh, Chhattisgarh, Andaman and Nicobar Islands
  • December 31 for Uttar Pradesh

Meanwhile, the SIR period concluded today in Goa, Lakshadweep, Rajasthan and West Bengal, with no extension granted.

As West Bengal heads towards a crucial election expected early next year, the voter list update process has become part of a broader political narrative between the NDA and Opposition parties, especially after the Bihar polls.

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Mamata Banerjee urges women to resist if voter names are deleted during SIR review

At a Krishnagar rally, Mamata Banerjee alleged misuse of the SIR voter list review and urged women to stand firm if their names were removed.

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Mamata Banerjee

West Bengal Chief Minister Mamata Banerjee, sharpening her attack on the ongoing Special Intensive Revision (SIR) of voter lists, called on women to stand up against any attempt to remove their names from the electoral roll. Addressing a gathering in Krishnagar, she alleged that the process was being misused to target voters ahead of elections.

Mamata accuses BJP of trying to intimidate women voters

Banerjee questioned the removal of names from the voter list under the SIR exercise, asserting that mothers and sisters of the state should not allow such actions to go unchecked. She said women possess the strength and the everyday tools used at home, urging them to be ready if their rights were undermined.

She alleged that attempts would be made to influence the electoral process by bringing police from outside the state and using fear tactics. Banerjee added that during elections, efforts were often made to divide people and misuse money power.

Reaffirming her stance on secularism, she said she wanted to see whether the women of Bengal or the BJP were “more powerful” in this fight.

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Andhra Pradesh High Court orders anti-corruption probe into Tirupati donation theft case

Andhra Pradesh High Court has ordered the CID and ACB to file an FIR and conduct a coordinated probe into the TTD Parakamani theft case, including scrutiny of a Lok Adalat settlement and the complainant’s suspicious death.

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The Andhra Pradesh High Court has directed the Criminal Investigation Department (CID) and the Anti-Corruption Bureau (ACB) to initiate criminal action and register an FIR in the Tirumala Tirupati Devasthanams (TTD) Parakamani (donation box) theft case. The court instructed both agencies to continue investigating the alleged theft, the suspect’s assets, and the earlier settlement reached at a Lok Adalat.

Court seeks deeper scrutiny and coordination among agencies

The High Court emphasised that the probe must also examine how the case was taken to mediation and settled through a compromise. It ordered the CID and ACB to share information with each other and, if necessary, with the Income Tax Department and the Enforcement Directorate (ED) to ensure a comprehensive investigation.

Taking note of the unexplained death of the complainant, Y Satish Kumar—then part of the TTD vigilance team—whose body was found near a railway track in Anantapur district on November 14, the court asked the CID to submit his post-mortem report in a sealed cover within three days.

The next hearing is scheduled for December 16.

Senior TTD officials questioned; theft traced to April 2023 incident

The CID has already examined several former officials, including ex-TTD chairmen B Karunakar Reddy and YV Subba Reddy, and former executive officer AV Dharma Reddy.

The case began on April 29, 2023, when CV Ravi Kumar, an employee at a mutt linked to TTD, was allegedly caught stealing $900 inside the Parakamani hall—the temple’s donation-counting centre. While a local police case was initially filed, it was soon shifted to a Lok Adalat, where a compromise settlement was reportedly reached. Under this arrangement, Ravi Kumar is said to have offered seven properties worth about ₹40 crore in Tirupati and Chennai as restitution to TTD.

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