India should halt sanctioned oil imports, seek tariff rollback, and resume trade talks only on fair terms with US, the Global Trade Research Initiative (GTRI) said in a note, outlining a three-step plan for India to protect its trade interests under the ongoing bilateral trade agreement nego
As US President Donald Trump claimed that India will significantly reduce Russian oil imports by year-end, Congress MP Shashi Tharoor on Thursday hit back by criticising him for making announcements on behalf of New Delhi.
However, India denies any agreement, emphasising its priority to safeguard consumer interests. The country's energy policy prioritises stable prices and secure supplies. Trump had imposed 50% tariffs on Indian goods, urging New Delhi to diversify energy sources.
Congress leader Jairam Ramesh on Tuesday questioned the Centre over US President Donald Trump's repeated claims of speaking to Prime Minister Narendra Modi over the purchase of Russian oil.
The Trump administration's aggressive stance against India's purchases of Russian oil marks a stark departure from the Biden era's pragmatic tolerance, potentially jeopardising bilateral trade negotiations and raising questions about Washington's reliability as a partner for New Delhi, accor
White House Economic Advisor Kevin Hassett has said that US President Donald Trump and the trade team are "disappointed" with India's continued imports of Russian crude oil, but hoped for positive developments.
In a release issued on Tuesday (local time), following the conclusion of his two-week mission to South Asia, Fitzpatrick claims that while in India, his delegation engaged in strategic discussions with senior officials, including the External Affairs Minister S Jaishankar and National Sec
Speaking to ANI, Sanchez said India has shown the world that it will take independent decisions which lie in its national interest. "India's the big boy, not a school child. The moment the United States said, 'you will not buy oil from Russia or we will punish you,' India looked back and
"India must take Trump's point over Russian oil seriously, and work with the White House to find a solution. The sooner the better. Decades of friendship and good will between the world's two largest democracies provide a solid basis to move past the current turbulence. Navigating issues
The conversation comes after US Senator Lindsey Graham on Friday (local time) urged India to use its influence with Russia to help end the war in Ukraine, calling it one of the most significant steps to improve India-US relations.
India's crude oil import bill could increase by USD 9 billion to USD 12 billion, if the country stops buying Russian crude oil, according to a report by the State Bank of India (SBI).