Friday, January 23, 2026
Sell anything, except that one, please.
"I have a great respect for your prime minister (Modi). He is a fantastic man and a friend of mine. We are gonna have a good deal," said President Donald Trump. Talks have been going on since March-April 2025, ever since Trump imposed 50% tariffs on India. HT. At the same time, he claimed to have stopped the India-Pakistan conflict, called Operation Sindoor, from 7-10 May (wikipedia). "Trump has made this assertion upwards of 80 times, according to news reports, despite New Delhi maintaining that the two countries had no help from a third country in arriving at the decision to end tensions." The Wire. Perhaps, to freshen memories, "The US Securities and Exchange Commission has asked a US court for help in serving summonses upon Indian billionaire Gautam Adani and group executive Sagar Adani over alleged fraud and a $265 million bribery scheme, filings show." "Serving a summons is often routine, but the SEC said India's law ministry had refused two requests to have its summonses served on the Adanis." Reuters. As a result, Adani Group stocks plunged. "The combined market capitalisation of all 10 listed entities fell Rs 1.40 trillion to Rs 12.20 trillion during the day." msn.com. In February 2025, after Prime Minister Narendra Modi said that MAGA + MIGA = MEGA, Congress MP Jairam Ramesh remarked, "Actually, the only equation that counts is Modi + Adani = Modani." ANI. Did someone whisper it into Trump's shell-like? Meanwhile, 27 January is the expected D-Day for the signing of the Broad-based Trade and Investment Agreement (BTIA) between India and the EU. "This will be the mother of all deals," said Commerce and Industry Minister Piyush Goyal. ET. "The real impact of the India-EU FTA will be shaped by how effectively it is implemented, how ambitiously industry engages with it and how decisively both governments support collaboration beyond tariff restrictions and legal frameworks." HT. As an encouragement, "India's exports to the European Union is facing higher tariffs from January 1, 2026 after the EU suspended Generalised Scheme of Preferences (GSP) benefits for 87% of Indian goods," which "means that a large share of Indian exports will now be charged full Most Favored Nation (MFN) tariffs, ending years of preferential access under EU's unilateral trade arrangement for developing countries." TOI. The suspension applies to, "minerals, chemicals, plastics and rubber, textiles and garments, stone and ceramics, precious metals, iron and steel, base metals, machinery, electrical goods and transport equipment." At the same time, EU's Carbon Border Adjustment Mechanism (CBAM) will add costs to Indian steel and aluminium exports. TOI. So tight is the squeeze that the "government has asked Indian embassies and commercial missions to step up outreach across all markets, big or small, with a clear message from the PMO (Prime Minister's Office). The message is simple, almost an ad theme like: 'Har ek country zaroori hota hai'." ET. No harm in our ambassadors hawking pakodas (The Hindu). Just stay off cough medicines (BBC) please. Not good ad.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment