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Trump announces India energy deal after Modi talks

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US President Trump has announced a deal with Indian Prime Minister Narendra Modi for Delhi to import more US oil and gas to shrink the trade deficit between the two countries.

“They’re going to be purchasing a lot of our oil and gas. They need it. And we have it,” Trump said at a joint news briefing in Washington.

Modi said that “in order to ensure India’s energy security, we will focus on trade in oil and gas”, also pledging to invest more in nuclear energy.

His two-day visit comes as Trump ordered that US trading partners should face reciprocal tariffs – tit-for-tat import taxes to match similar duties already charged by those countries on American exports.

Trump and Modi have developed a personal rapport over the years, despite friction over trade.

“We’ve had a wonderful relationship,” Trump said as he welcomed his visitor in the US capital on Thursday.

He also said the US would increase sales of military hardware to India by millions of dollars, eventually supplying Delhi with F-35 fighter jets.

Immigration was high on the agenda, with Trump expected to ask India to take back thousands of undocumented immigrants.

Earlier, Modi said he had also discussed space, technology and innovation at a meeting with Trump ally Elon Musk.

Modi said: “I firmly believe with Trump we will work with twice the speed we did in his first term.”

Shortly before their bilateral, Trump ordered his advisers to calculate broad new tariffs on US trading partners around the globe, warning they could start coming into effect by 1 April.

Trump told reporters that “our allies are worse than our enemies”, when it comes to import taxes.

“We had a very unfair system to us,” the Republican president said before meeting Modi. “Everybody took advantage of the United States.”

The White House also issued a news release that fired a trade shot across the bows of India and other countries.

The document noted that the average US tariff on agricultural goods was 5% for countries to which Washington had granted most favoured nation (MFN) status.

“But India’s average applied MFN tariff is 39%,” the White House fact sheet said.

“India also charges a 100% tariff on US motorcycles, while we only charge a 2.4% tariff on Indian motorcycles.”

On Thursday, Trump acknowledged the risks of his tariff policy, as economists warned such import taxes could drive up consumer prices.

“Prices could go up somewhat, short term, but prices will also go down,” he said in the Oval Office.

But he argued the policy would boost American manufacturing and the country would be “flooded with jobs”.

Trump has already placed an additional 10% tariff on imports from China, citing its production of fentanyl, a deadly opioid that has stoked a US overdose epidemic.

He has also readied tariffs on Canada and Mexico, America’s two largest trading partners, that could take effect in March after being suspended for 30 days.

On Monday, he removed exemptions from his 2018 steel and aluminium tariffs.

[BBC]



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Indian Prime Minister Shri Narendra Modi concludes State Visit to Sri Lanka

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Indian Prime Minister Shri Narendra Modi departed today (06) from Air Force Base Anuradhapura concluding his State visit to Sri Lanka. The Indian Premier embarked on a tour to Sri Lanka at the  invitation from President Anura Kumara Disanayake.

This visit underscores the enduring relationship encapsulated by the theme “Friendship of Centuries, Commitment to a Prosperous Future,” further solidifying the bonds between India and Sri Lanka.

This marks Prime Minister Modi’s  fourth visit to Sri Lanka, which has further enhanced the economic, cultural, and historical relations between the two nations, while also reinforcing their multifaceted partnership. This visit by the Indian Prime Minister reinforces Sri Lanka’s important role in India’s “Neighbourhood First Policy” and ‘MAHASAGAR’ vision concerning diplomatic relations.

This state visit is anticipated to yield significant results on various collaborative initiatives, fostering a path towards mutual growth and development. The citizens of Sri Lanka will soon be able to witness the fruitful outcomes of these partnerships, and Indian Prime Minister Shri Narendra Modi’s visit will mark a significant milestone in the government’s pursuit of sustainable development focused on the needs of the people.

Accompanying Indian Prime Minister Modi were Indian External Affairs Minister Dr. S. Jaishankar, National Security Advisor Ajit Doval, Foreign Secretary Vikram Misri and a delegation of senior officials from the Indian government.

[PMD]

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President Dissanayake and Indian PM Modi jointly commission upgraded Maho-Omanthai railway line & Maho-Anuradhapura railway signalling system

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The upgraded Maho–Omanthai railway line and the newly installed Maho–Anuradhapura railway signalling system were officially commissioned  by Indian Prime Minister Shri Narendra Modi and President Anura Kumara Disanayake today (06)

The Prime Minister of India is currently visiting Sri Lanka at the invitation of President Anura Kumara Disanayake, reinforcing the longstanding bond encapsulated in the theme “Friendship of Centuries Commitment to a Prosperous Future” between the two nations.

Highlighting one of the key aspects of this visit, the two leaders participated in these inaugural ceremonies. The President and the Prime Minister of India jointly unveiled the commemorative plaque and commissioned  the railway line and signalling system.

The upgraded Maho-Omanthai Railway Line project was carried out with funding through the Indian Credit Line, totalling an investment of US$ 91.27 million.  The Maho–Anuradhapura railway signalling system, established as a result of President Disanayake’s recent visit to India, was funded by the Indian Government at a cost of USD 14.89 million.

[PMD]

 

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Prime Minister Modi and President Dissanayake pay homage to the sacred Jaya Sri Maha Bodhi

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Indian Prime Minister Shri Narendra Modi, currently on a State visit to Sri Lanka, along with President Anura Kumara Disanayake paid homage to the sacred Jaya Sri Maha Bodhi in Anuradhapura this morning (06) and received blessings.

Following his visit to the sacred site, Prime Minister Modi proceeded to the Udamaluwa, where he met with the Chief Incumbent of the Atamasthanadhipathi and Chief Sanghanayake of Nuwarakalaviya, Most Venerable Dr. Pallegama Hemarathana Nayaka Thera, for a cordial discussion.

During the meeting, the Prime Minister shared that relics of the Buddha were discovered in excavations conducted in his home state of Gujarat during the 1960s. He further stated that he would discuss with the President of Sri Lanka the possibility of exhibiting these sacred relics in Sri Lanka.

Responding to a request made by the Atamasthanadhipathi to develop Bodh Gaya as a spiritual city, Prime Minister Modi assured that he would take the necessary steps after discussions with President Disanayake and work towards making it a reality.

The Maha Sangha, led by the Atamasthanadhipathi, chanted Seth Pirith and invoked blessings on the Indian Prime Minister.

The Indian Prime Minister also left a commemorative note in the special guest book at the site. In addition, he formally declared open the newly constructed ‘Makara Thorana’ within the Jaya Sri Maha Bodhi premises.

The occasion was also attended by Chief Incumbent of the Ruwanweli Maha Seya Temple Ven. Ethalawetunawewe Gnanathilaka Thera and other Atamasthana Viharadhipathi Theras, Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath, Minister of Trade, Commerce, Food Security and Cooperative Development, Wasantha Samarasinghe, Minister of Health and Mass Media Dr. Nalinda Jayatissa, North Central Province Governor Wasantha Jinadasa, Indian High Commissioner Santosh Jha and others.

[PMD]

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