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Saving 'big trade deal with India' for later, says Trump ahead of visit
Posted on 19th February 2020
US President Donald Trump has said he is "saving the big deal" with India for later and he "does not know" if it will be done before the presidential election in November, clearly indicating that a major bilateral trade deal during his visit to Delhi next week might not be on the cards.

"We can have a trade deal with India. But I'm really saving the big deal for later," he told reporters at Joint Base Andrews Tuesday afternoon (local time).

Trump is scheduled to visit India on February 24 and 25.

The US and India could sign a "trade package" during the visit, according to media reports.

Asked whether he expects a trade deal with India before the visit, Trump said, "We're doing a very big trade deal with India. We'll have it. I don't know if it'll be done before the election, but we'll have a very big deal with India."

US Trade Representative Robert Lighthizer, the point-person for trade negotiations with India, is likely to not accompany Trump to India, sources said. However, officials have not ruled it out altogether.

In an apparent dissatisfaction over US-India trade ties, Trump said, "We're not treated very well by India." But he praised Prime Minister Narendra Modi and said he is looking forward to his visit to India.

"I happen to like Prime Minister Modi a lot," Trump said.

"He told me we'll have seven million people between the airport and the event. And the stadium, I understand, is sort of semi under construction, but it's going to be the largest stadium in the world. So it's going to be very exciting... I hope you all enjoy it," he told reporters.

Meanwhile, the US-India Strategic and Partnership Forum (USISPF) in a report said the latest quarterly data depict continuation of overall positive bilateral trade trends. The third quarter data reflects some downslide in growth rates.

"It may be due to several reasons, including the unexpected economic slowdown in India's economic growth, impact of US-China trade war, GSP withdrawal from the US side and retaliatory tariffs on specific US goods from the Indian side," USISPF said.

According to the report, the data available for the first three quarters of 2019 (January-September) pulled the overall growth rate in cumulative bilateral trade down to 4.5 percent from 8.4 percent registered for the first two quarters.

Goods and services trade performance in third quarter was dismal at -2.3 percent, in contrast with the impressive 9.6 percent growth witnessed for the first two quarters of the year; while trade in services was up two percent goods trade dropped five percent, the report said.

The cumulative US-India trade in goods and services (USD 110.9 billion) for the first three quarters of 2019 increased 4.5 percent with US exports and imports growing at four percent and five percent respectively.

The US exported USD 45.3 billion worth of goods and services to India in the first three quarters 2019, up 4 percent from the corresponding period in the previous year; and the US imported USD 65.6 billion worth of goods and services from India, up five percent from the previous year's USD 62.5 billion level for the same period, it said.

The USISPF has projected that the total bilateral trade can touch USD 238 billion by 2025 if the current 7.5 percent average annual rate of growth sustains; however, higher growth rates can result in bilateral trade in the range of USD 283 billion and USD 327 billion.

The US remains the top trading partner for India in terms of trade in goods and services, followed by China. While the bilateral trade between US and India is approximately 62 percent in goods and 38 percent in services, the bilateral trade between India and China is dominated by goods.

India's trade with China grew 13 percent in 2018, while India's goods trade with the US increased 18 percent.

China had a huge trade surplus of USD 58 billion with India, indicating Beijing's strength in the Indian market, especially in sectors, such as electronics, machinery, organic chemicals, plastics and medical devices.

The US goods exports to India, in comparison, were mainly concentrated in mineral fuels, precious stones, and aircraft. The US faces tough competition with China in the Indian market in areas such as electronics, machinery, organic chemicals and medical devices.

Other Latest News
People assaulting police personnel during COVID-19 lockdown will be booked under NSA, warns UP government
Posted on 3rd April 2020
The Yogi-Adityanath led Uttar Pradesh government on Friday took a strict stance against reports of misbehaviour against police personnel in the state and said that anyone who attacks the police at any place in the state will be booked under the National Security Act (NSA).

A directive issued by the state government, under Chief Minister Yogi Adityanath, read, During the lockdown, strict action will be taken against those who attack the police at any place in the state. They will be booked under the NSA.

Amazon Pantry back online, resumes services in Bengaluru, Hyderabad, Pune
Posted on 3rd April 2020
Amazon Pantry, the company’s daily essentials store for Prime members, is back online and is accepting orders in a few cities after temporarily shutting down last week due to the lockdown.

It is now serviceable in Bengaluru, Hyderabad and Pune for select pincodes. Pantry offers essentials including food, beverages, household supplies, health and beauty products at discounted rates.

'Switch of all lights in your homes for 9 minutes at 9 PM on April 5': PM Modi's appeal to India in video message
Posted on 3rd April 2020
Prime Minister Narendra Modi on Friday addressed the nation through a video message, in which he appealed to the citizens of India to come together to defeat the threat of the coronavirus disease (COVID-19) crisis, that is spreading like wildfire across the nation.

In a unique proposition, the Prime Minister asked every citizen to switch off all lights at their residences on April 5 at 9 PM for nine minutes and instead light a candle, a 'Diya', or their mobile's flashlights to mark India's fight against coronavirus.

Tablighi Jamaat patients making lewd gestures at nurses, roaming nude in hospital: Ghaziabad CMO writes to police
Posted on 3rd April 2020
Hours after Delhi government wrote to capital's police commissioner seeking deployment of adequate police force at the quarantine centres and hospital where people who attended the Tablighi Jamaat event in Nizamuddin Markaz have been kept, adjoining Ghaziabad's Chief Medical Officer (CMO) has written to the local police saying that the Jammat attendees have been roaming nude inside the MMG district hospital and making lewd gestures and remarks at the nurses.

In the letter, the CMO said that the inmates who have been put under observation are misbehaving with the hospital staff.

960 foreigners linked to Tablighi Jamaat blacklisted, visas cancelled
Posted on 3rd April 2020
Taking stringent action against the Tablighi Jamaat, Nizamuddin, the Centre on Thursday blacklisted 960 foreigners and cancelled their tourist visas after over their involvement in Jamaat activities. The government also said that necessary legal action will be taken against them.

Under the directions of Union Home Minister, Shri Amit Shah, the Ministry of Home Affairs (MHA) has blacklisted 960 foreigners, present in India on tourist visas, for their involvement in Tablighi Jamaat activities, the Ministry of Home Affairs said in an official statement.

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