Sunday, September 14, 2025

Waiting for something.

In July, "India and the United Kingdom have signed the Comprehensive Economic and Trade Agreement (CETA), a bilateral free trade agreement marking a major milestone in their long-standing partnership." "The agreement eliminates tariffs on 99% of India's exports to the UK, covering nearly 100% of trade value." "UK will allow 1,800 Indian chefs, yoga instructors, and artists annually under contracted service quotas." pib.gov.in. This month, "When Prime Minister Narendra Modi, let down by his once 'true friend' Donald Trump over choking tariffs on India, clasped hands...with the leaders of Russia and China, he was clearly trying to send a message." "But if Modi's moment of unity with US rivals sent one message, his absence from photographs the next day, when dozens of leaders attended a huge Chinese military parade, sent another." ET. Recently, "In another attempt to push Western allies to stop their purchases of Russian crude and increase pressure on Vladimir Putin, Donald Trump issued an open letter to Nato members. Yet one detail stood out in the President's message: India was not mentioned." TOI. Maybe because, "Despite the US President Donald Trump administration imposing a 50% tariff on imports, citing India's crude oil purchases from Russia, New Delhi is strengthening strategic partnerships with Washington and Israel with an aim to reduce its dependence on Moscow's military hardware." "According to the Jerusalem Post, India's evolving defense program is exemplified by co-production with the United States." Zee News. "There are a couple of downsides for Russia. The first is the Russians must depend on China to facilitate supplying Russia's arms industry with needed components. Should the supply chain be broken, the Russians face an unenviable challenge to supply their military." Asia Times. This means that China will have control over Indian weapons indirectly by restricting Russian production and directly by programming a backdoor in their chips. Meanwhile, "Gautam Adani's efforts to get US fraud charges against him resolved have stalled, according to people familiar with the matter, prolonging the regulatory overhang that has hobbled the Adani Group's global expansion plans." And these problems will not be resolved as long as tensions between India and the US remain high. Mint. But, bad things come in threes. wiktionary. "There has been heightened concern in recent days about the misuse of Decentralized Finance (DeFi) for illicit activities, notably by terrorist groups seeking to raise finances, build infrastructure, or expand their networks." Because, "Access to the DeFi service does not warrant the opening of an account or identity verification." DH. No need for Aadhaar. Sadly, Indians cannot drown their sorrows either. "The much anticipated duty cuts for Scotch and gin is not happening overnight. While import duty will come down from 150% to 75%, it is unlikely to happen until at least the second half of 2035." TOI. Friends, foes and fun all frozen. Waiting for what?             

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