"It is a coalition govt in Karnataka, not run by original BJP": D K Shivakumar
Bengaluru(PTI): Karnataka Congress President D K Shivakumar on Sunday said it was a coalition government in the state, and it is not being run by those from the "original BJP".
He also claimed that there were a lot of issues within the ruling party as those who have gone to the BJP from Congress and JD(S) constitute over 60 per cent in the government, and the long-time party loyalists feel that they are being sidelined.
"There is fear (in the BJP), there are a lot of internal problems, that's the reason their national leaders are repeatedly coming and holding discussions. Original BJP is not running this government, it is a coalition government," Shivakumar said in response to a question.
Speaking to reporters here, he said, "Chief Minister (Basavaraj Bommai) came from a different party, those who came with CM from Janata Dal are about 34 per cent, those who have gone from Congress are 30 per cent and BJP (original) are about 30 per cent."
"There are a lot of internal issues and there is a lot of anxiety and fear within, as original BJP people feel that the government is being run by outsiders who came during operation lotus," he added.
Resignation of 17 legislators from Congress and JD(S) led to the collapse of the coalition government in 2019, paving the way for the BJP government under the leadership of B S Yediyurappa to come to power.
Bommai, who succeeded Yediyurappa, had joined the BJP in 2008 from the Janata Dal.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
US President Donald Trump announces 27 percent reciprocal tariff on India
Washington/New Delhi (PTI): The US has announced 27 percent reciprocal tariffs on India saying New Delhi imposes high import duties on American goods, as the Donald Trump administration aims to reduce the country's trade deficit and boost manufacturing.
The move is expected to impact India's exports to the US. However, experts say that India is better-placed than its competitors who also face increased levies.
President Trump, in a historic measure to counter higher duties on American products imposed globally, announced reciprocal tariffs on about 60 countries.
"This is Liberation Day, a long-awaited moment. April 2, 2025 will forever be remembered as the day American industry was reborn, the day America's destiny was reclaimed, and the day that we began to make America wealthy again. We are going to make it wealthy, good, and wealthy," Trump said in his remarks from the Rose Garden at the White House on Wednesday.
He said that the United States charges other countries only a 2.4 percent tariff on motorcycles, but Thailand and others are charging much higher rates, like 60 percent, India 70 percent, Vietnam 75 percent, and others charge even higher rates.
As he announced the tariffs, he held up a chart that showed the tariffs that countries such as India, China, the UK, and the European Union charge, along with the reciprocal tariffs that these countries will now have to pay.
The chart indicated that India charged 52 percent tariffs, including currency manipulation and trade barriers, and America would now charge India a discounted reciprocal tariff of 26 percent. But according to the White House documents, there will be a 27 percent duty on India.
"India, very, very tough. Very, very tough. The prime minister just left. He's a great friend of mine, but I said, you're a friend of mine, but you're not treating us right. They charge us 52 percent. You have to understand, we charge them almost nothing for years and years and decades, and it was only seven years ago, when I came in, that we started with China," Trump said.
Describing the tariffs as a "mixed bag and not a set back", an official in India said the commerce ministry is analysing the impact of 27 percent reciprocal tariffs imposed by the US on India.
According to the official, the universal 10 percent tariffs will come into effect on all imports into the US from April 5 and from April 10, 27 per cent duty will come into play.
"The ministry is analysing the impact of the announced tariffs," the official said, adding there is a provision that if a country would address the concerns of the US, the Trump administration can consider reducing the duties against that nation.
India is already negotiating a bilateral trade agreement with the US. The two countries are aiming to finalise the first phase of the pact by fall (September-October) of this year.
"It is a mixed bag and not a setback for India," the official said.
Exporters' body FIEO stated that the duties on India will undoubtedly affect domestic players but early conclusion of the trade agreement would provide relief from these tariffs.
"We have to assess the impact, but looking at the reciprocal tariffs imposed on other countries, we are in a lower band. We are much better placed compared to our key competitors such as Vietnam, China, Indonesia, Myanmar, etc. We will definitely be affected by the tariffs, but we are much better placed than many others," Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai told PTI.
From 2021-22 to 2023-24, the US was India's largest trading partner. The US accounts for about 18 per cent of India's total goods exports, 6.22 per cent in imports, and 10.73 per cent in bilateral trade.
With America, India had a trade surplus (the difference between imports and exports) of USD 35.32 billion in goods in 2023-24. This was USD 27.7 billion in 2022-23, USD 32.85 billion in 2021-22, USD 22.73 billion in 2020-21, and USD 17.26 billion in 2019-20.
In 2024, India's main exports to the US included drug formulations and biologicals (USD 8.1 billion), telecom instruments (USD 6.5 billion), precious and semi-precious stones (USD 5.3 billion), petroleum products (USD 4.1 billion), gold and other precious metal jewellery (USD 3.2 billion), ready-made garments of cotton, including accessories (USD 2.8 billion), and products of iron and steel (USD 2.7 billion).
Imports included crude oil (USD 4.5 billion), petroleum products (USD 3.6 billion), coal, coke (USD 3.4 billion), cut and polished diamonds (USD 2.6 billion), electric machinery (USD 1.4 billion), aircraft, spacecraft and parts (USD 1.3 billion), and gold (USD 1.3 billion).
_vb_75.jpeg)
