Connect with us

Latest News

Trump announces India energy deal after Modi talks

Published

on

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]



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Bahrain & Saudi Arabia Grands Prix to be cancelled

Published

on

By

The grands prix in Bahrain and Saudi Arabia were scheduled for next month (BBC)

The Bahrain and Saudi Arabia Grands Prix that were scheduled for next month are set to be cancelled as a result of the war in the Middle East.

A formal decision to call off the races has not yet been made but is expected before the end of the weekend.

Freight would need to start being shipped to the Middle East in the coming days. With no sign of the conflict between the US/Israel and Iran coming to a conclusion, holding the races would put personnel at too great a risk.

Neither event will be replaced, with the season being cut to 22 grands prix and F1 taking a commercial hit of more than £100m, given Bahrain and Saudi Arabia pay two of the highest hosting fees.

The race in Bahrain was scheduled to be on 12 April with Jeddah the following weekend.

Consideration was given to holding events at Portimao in Portugal, Imola in Italy or Istanbul Park in Turkey.

But it was accepted that the time to organise a race at any of those locations was too short, and there was little chance of securing a hosting fee.

The decision will mean there is a five-week break between the Japanese Grand Prix on 29 March and Miami on 3 May.

(BBC)

Continue Reading

Latest News

Promoting Local Industries is a key priority of the Government – PM

Published

on

By

Prime Minister Dr. Harini Amarasuriya stated that promoting the local industrial sector is one of the key priorities of the Government.

The Prime Minister made these remarks while attending the official opening ceremony of the INCO 2026 Industrial Exhibition on 13 th of March, which is being held for the 20th consecutive year at the BMICH Exhibition Center.

The INCO 2026 Industrial Exhibition, organized by the Institution of Incorporated Engineers, Sri Lanka (IIESL), will be held from March 13 to 15.

Addressing at the event, Prime Minister  stated:

“The engineering sector is a key driving force in addressing practical challenges faced by a country while enhancing efficiency and safety. In particular, the contribution extended by exhibitions of this nature encourages the student community to engage in innovation.

The Government has implemented several measures to accelerate the country’s industrial development. Notably, the National Industry Information System (NIIS) has established a centralized digital platform to collect data related to the country’s economic and industrial activities. The Government is also taking steps to provide necessary financial support to industrialists through Revolving Funds.

It is also noteworthy that this year’s exhibition has attracted international participation, creating opportunities for local entrepreneurs to explore new markets and gain exposure to international technologies. With the participation of engineers, students, and entrepreneurs, this exhibition marks an important step toward the country’s industrial future”.

The event was attended by the Chairman of the Export Development Board Mangala Wijesinghe, Chairman of the National Paper Company Limited  Upali Rathnayake, President of the Institution of Incorporated Engineers, Sri Lanka Engineer Ananda Gunawardena, along with local and foreign investors, entrepreneurs, and industrialists.

(Prime Minister’s Media Division)

Continue Reading

Latest News

Heat Index at caution level at some places in the Western, Sabaragamuwa, Southern, North-central and North-western provinces and in Monaragala, Mannar and Vavuniya districts

Published

on

By

Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre of the Department of  Meteorology at 3.30 p.m. on 13 March 2026, valid for 14 March 2026.

The public are warned that the Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at
some places in the Western, Sabaragamuwa, Southern, North-central and North-western provinces and in Monaragala, Mannar and Vavuniya districts.

The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum
temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.


Effect of the heat index on human body is mentioned in the above table and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.

ACTION REQUIRED
Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.
Dress: Wear lightweight and white or light-colored clothing.

Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry of Health in this regard . For further clarifications please contact 011-7446491.

Continue Reading

Trending