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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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President holds discussions with Western Province Police chiefs

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President Anura Kumara Disanayake stated that steps will be taken to provide the necessary facilities to eliminate organized crime and drug abuse, as well as to introduce new legislation.

The President made these remarks during a discussion held today (18) at the Presidential Secretariat with the police chiefs of the Western Province.

He emphasized that maintaining the rule of law is a key responsibility of the Police Department.

President Anura Kumara Disanayake further stated that a just society cannot be established in Sri Lanka without ensuring the supremacy of the rule of law.

Minister of Public Security and Parliamentary Affairs, Ananda Wijepala; Deputy Minister of Public Security and Parliamentary Affairs, Attorney-at-Law Sunil Watagala; Secretary to the Ministry of Public Security, Ravi Seneviratne; Acting Inspector General of Police, Priyantha Weerasooriya; and several Western Province police chiefs were also present at the event.

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Cabinet approves amendments to Aswasuma Welfare Benefit payment Scheme

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The Aswasuma Welfare Benefit payment Scheme has been implementing from 01-07-2023 and this scheme has been finally amended by the Extra Ordinary Gazette No 2415/66 dated 21-12-2024.

Accordingly, the Cabinet of Ministers has approved the proposal presented by the President, in his capacity as the Minister of Finance, Planning and Economic Development, to publish the following through a Gazette Notification, amending the benefits provided under the presently empowered Aswasuma Welfare Benefit payment Scheme within the provisions allocated by the budget estimate for the year 2025.

• To extend the period of entitlement of benefits for the transitional social category included in schedule 1 of the Aswasuma Welfare Benefit payment Scheme up to 30-04-2025.

• To increase the monthly assistance payment from Rs. 7,500 to Rs. 10,000 and Rs. 3,000 to Rs. 5,000 provided to persons with disabilities and receiving treatment for kidney diseases and elderly persons, respectively, that are included in Schedule II of the said scheme and to
implement the said decision from April 2025.

• To extend the period of payment provided for the disable persons, kidney patients, and elderly persons given in the Schedule II, up to 31-12-2025 subject to the above proposals.

• Even though the payment of allowances under the transitional social category will be stopped after April 2025, the period of payment for disabled persons, kidney patients, and elderly persons, of these families will be extended up to 31-12-2025.

• Payment of relevant eligible persons by inclusion of newly forwarded applications of disabled and kidney patients subject to the maximum limit up to 31-12-2025.

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Fertilizer, financial subsidy to farmers who are cultivating the paddy in the Yala season 2025

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The Cabinet of Ministers has decided to grant the approval to provide a financial subsidy for the farmers who are cultivating paddy in  the yala season 2025 and for the farmers who are cultivating other crops in the paddy land, taking into consideration the proposal presented by the Minister of Agriculture, Livestock, Lands, and Irrigation.

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