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Home»India News»Daily Update: India’s Trade Horizons Expand Beyond the US | Live Coverage
India News

Daily Update: India’s Trade Horizons Expand Beyond the US | Live Coverage

February 25, 20254 Mins Read
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US and Russia Align Against Ukraine Resolution at UN

In a surprising turn of events, the United States joined Russia in voting against a Ukraine-led resolution at the United Nations. This resolution called for steps to “de-escalate” tensions and seek a “peaceful resolution” to the ongoing conflict. Despite this unusual alliance, the resolution passed with support from 93 countries, while both India and China chose to abstain from the vote. Following this, the US introduced its own resolution at the UN Security Council, which notably did not address Ukraine’s territorial integrity. This occurrence marks a significant change in the US’s position regarding Russia and the ongoing war.


India Reopens Trade Talks with UK

India is set to revive discussions on two major deals with the United Kingdom that had been stalled for eight months. These talks were paused due to elections in India, the UK, and the European Parliament. The agreements in question include a free trade agreement (FTA), a bilateral investment treaty, and a social security pact. The UK is looking for lower tariffs on imported goods like whiskey and automobiles, while India is asking for concessions in the automotive sector, especially for electric vehicles (EVs). This would be India’s first comprehensive trade agreement with a Western nation, potentially increasing its presence in the global market and possibly opening doors to deals with the European Union and other regions.

Trump’s Trade Moves Impacting India

These negotiations come at a time when global trade dynamics are shifting. Former President Donald Trump has made changes in trade policies, including imposing tariffs on traditional allies. Recently, he announced he would maintain a 25 percent tariff on imports from Canada and Mexico, after a brief pause that followed border security agreements with those nations. To safeguard its interests, India is also looking to secure a trade agreement with the US.


Political Tensions in Delhi

As the new government led by the BJP begins its term in Delhi, it plans to present 14 reports from the Comptroller and Auditor General (CAG) in the Assembly. The BJP claims that the previous AAP government kept these reports hidden. Notably, one report addresses air pollution in the capital, highlighting potential flaws in pollution measurements due to monitoring stations being too close to trees, among other issues.

Debate in the Delhi Assembly recently grew heated, with Opposition Leader Atishi accusing the BJP of being “anti-Dalit” and “anti-Sikh” following the removal of certain portraits from the Chief Minister’s office. The political scene is expected to intensify as Atishi takes on the newly-elected Chief Minister, Rekha Gupta.


Concerns Over Funding Cuts

In response to funding issues, the Department of Expenditure has ordered the Ministry of Rural Development to consolidate two of its autonomous bodies and cut the budget for a third. The ministry’s pleas for reconsideration have not been acknowledged.

Rescue Efforts in Telangana

In Telangana, eight men remain trapped in a canal tunnel due to heavy water and mud flow, complicating rescue efforts.


Heartbreaking Story from Kashmir

A tragic account has emerged from Kashmir, detailing the long-term impact of sexual abuse suffered by a boy at the hands of a fake faith healer. The abuse began in 2002 when the boy was just 14 years old. The perpetrator has been sentenced to 14 years in prison, but for the victim, who remained silent for over a decade, closure seems impossible.

Far-Right Party Gains Attention

The rise of the far-right Alternative for Germany (AfD) in recent elections is also gaining attention. Their vote share has doubled, revealing significant differences in popularity between East and West Germany. The party’s nationalist ideas appear to resonate more in the East, possibly due to the region’s historical context.


Cricket Challenges for Pakistan

Finally, Pakistan’s national cricket team has faced disappointment as they’ve been eliminated from the Champions Trophy, just days into the tournament they are hosting for the first time since 1996. The team struggles with frequent changes in leadership and management, which has hindered their performance.

That’s all for today’s update! Until next time, stay informed.

25 february 2025 Latest News top headlines today top news top news 25 february top news today
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Fading Oceans, Scorched Earth: The Overlooked Human Crisis in India’s Fields

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