Washington, July 2 (IANS) India will mount a coordinated challenge next week to a proposed US tariff on its exports, with government officials and leading industry bodies arguing that Washington’s findings on forced labour are legally flawed, unsupported by evidence and could disrupt supply chains linking the world’s largest and fifth-largest economies.The challenge will be presented before the Office of the US Trade Representative’s (USTR) Section 301 Committee on July 8.Poornima Shenoy of the …
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United Nations, July 2 (IANS) The world organisation is in danger of going broke by the end of next month despite a lifeline thrown to it by the General Assembly through a change in funding procedure, according to UN officials. Assistant Secretary-General Chandramouli Ramanathan put it bluntly on Wednesday (local time): “We don’t have cash beyond August”.That’s just before the UN’s annual high-level meeting that convenes in September with a parade of world leaders.Come “September, money is gone”…
Doha, June 30 (IANS) Qatar confirmed on Tuesday that US President Donald Trump’s special envoys, Steve Witkoff and Jared Kushner, are in Doha but will not hold direct meetings with the Iranian officials.Qatari Foreign Ministry spokesperson Majed Al-Ansari said at the weekly press briefing that the US delegation would instead meet with mediators to discuss progress in implementing the recently signed Memorandum of Understanding (MoU) between the United States and Iran.Al-Ansari also noted that th…
New Delhi, June 30 (IANS) India’s gross domestic product (GDP) growth in 2026 is expected to touch 7 per cent, up from an earlier estimate of 6.2 per cent in April, a report has said.The report from Bank of America (BofA) Securities pegged India’s growth in 2027 at 7 per cent. Moreover, it has projected international oil benchmark Brent crude will average $72 a barrel in H2 2026 and $65 per bbl in 2027, on the assumption that peace holds in West Asia.Analysts at the global brokerage marginally…
Washington, June 30 (IANS) Senior US and Indian officials projected growing confidence in the India-US strategic partnership, saying a long-awaited bilateral trade agreement is nearing completion as the two countries deepen cooperation in artificial intelligence, semiconductors, defence manufacturing and resilient supply chains.The broad consensus emerged at the US-India Strategic Partnership Forum (USISPF) Leadership Summit, where officials from both governments, lawmakers and business leaders …
Washington, June 30 (IANS) The proposed India-US trade agreement is in its “last one or two per cent” and negotiators are working to resolve the remaining issues, US Ambassador to India Sergio Gor said, expressing confidence that the deal would soon be concluded after nearly 18 months of negotiations.Speaking at the US-India Strategic Partnership Forum (USISPF) Leadership Summit, Gor said officials from both countries had intensified engagement in recent weeks to bring the agreement across the f…
Washington, June 30 (IANS) India is emerging as a key beneficiary of American companies’ efforts to reduce their dependence on China, with the shift gathering pace “in a very, very quiet manner”, US-India Strategic Partnership Forum (USISPF) President Mukesh Aghi said on Monday. “A classic example is Apple, which is now making most of the iPhone 17 and planning for the 18 in India,” Aghi said while opening the ninth USISPF Leadership Summit in Washington.Aghi said the broader India-US economic r…
Mumbai, June 29 (IANS) India’s nuclear industry is transitioning from a state-led model to a more open, market-oriented ecosystem, driven by recent policy reform and rising demand for reliable, low-carbon power, according to a new report.A white paper, titled “Unlocking India’s Nuclear Sector: Commercial Opportunities Created by the SHANTI Act” released by consultancy firm YCP, points out that India has set a target of 100 GW of nuclear capacity by 2047, more than 10 times its current ba…
New Delhi, June 29 (IANS) India has regained the fifth position in the global equity market capitalisation (m-cap) rankings after market value crossed the $5 trillion mark, following corrections in Taiwan and South Korea, even as domestic equities continued to outperform several global peers this month.India’s total market capitalisation currently stands at over $5 trillion, ahead of Taiwan at $4.97 trillion and South Korea at $4.66 trillion, restoring India’s position as the world’s fifth-large…
Washington, June 28 (IANS) US Republican Senator Thom Tillis on Sunday voiced doubts that Iran would honour its ceasefire agreement with the US, saying he did not trust Tehran’s leadership as renewed military exchanges threatened to derail negotiations.Speaking on CNN’s State of the Union, Tillis said recent Iranian attacks had reinforced his long-held scepticism about Tehran’s willingness to abide by international commitments.”I just simply don’t trust the Iranian leadership, the mullahs, to li…