Shiradi ghat finally opens up for vehicular movement
Bengaluru: In a major relief for travelers heading to Bengaluru from Mangaluru, the Hassan district administration has allowed all vehicles to travel 24 hours without any restrictions on National Highway 75 through Shiradi Ghat, between Hassan and Mangaluru. The announcement was made by the Dr. Shruti Assistant Commissioner of the Sakleshpur subdivision.
Dr. Shruti informed reporters, "Rain has considerably reduced in the hilly regions over the last two to three days. Consequently, the rate of land subsidence has also decreased. Based on the guidance of the Deputy Commissioner, vehicles have been granted access to ply on the stretch without any restrictions."
“A significant landslide near Doddathappale has been fully cleared, and the road has been slightly widened, allowing for the smooth passage of all vehicles,” she added.
ALSO READ: Stability check of new Kali river bridge ordered after old structure collapses
Dr. Shruthi highlighted that over the past month, heavy rains in the hilly areas led to frequent landslides near Doddathappale, severely disrupting traffic and covering many vehicles with mud. As a precaution, vehicle movement was previously restricted due to the landslip. However, with the recent decrease in rainfall, these restrictions have been lifted.
Additionally, to ensure safety, an evacuation team has been stationed at the site. Police officials have also stated that a National Highways Authority of India (NHAI) team will be present 24 hours a day to monitor the situation.
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.
India proposes preferential trade agreement with Mexico to deal with high tariffs
New Delhi (PTI): India has proposed a preferential trade agreement (PTA) with Mexico to help domestic exporters deal with the steep tariffs announced by the South American country, a top government official said on Monday.
Mexico has decided to impose steep import tariffs - ranging from about 5 per cent to as high as 50 per cent on a wide range of goods (about 1,463 tariff lines) from countries that do not have free trade agreements with Mexico, including India, China, South Korea, Thailand and Indonesia.
Commerce Secretary Rajesh Agrawal said that India has engaged with the country on the issue.
"Technical level talks are on...The only fast way forward is to try to get a preferential trade agreement (PTA) because an FTA (free trade agreement) will take a lot of time. So we are trying to see what can be a good way forward," he told reporters here.
While in an FTA two trading partners either significantly reduce or eliminate import duties on maximum number of goods traded between them, in a PTA, duties are cut or removed on a limited number of products.
Trading partners of Mexico cannot file a compliant against the decision on imposing high tariffs as they are WTO (World Trade Organisation) compatible.
The duties are within their bound rates, he said, adding that their primary target was not India.
"We have proposed a PTA because its a WTO-compatible way forward... we can do a PTA and try to get concessions that are required for Indian supply chains and similarly offer them concessions where they have export interests in India," Agrawal said.
ALSO READ: Mexico's Congress approves higher tariffs on goods from India, China and non-FTA nations
Citing support for local production and correction of trade imbalances, Mexico has approved an increase in MFN (most favoured nation) import tariffs (5-50 per cent) with effect from January 1, 2026 on 1,455 tariff lines (or product categories) within the WTO framework, targeting non-FTA partners.
Preliminary estimates suggest that this affects India's around USD 2 billion exports to Mexico particularly -- automobile, two-wheelers, auto parts, textiles, iron and steel, plastics, leather and footwear.
The measure is also aimed at curbing Chinese imports.
India-Mexico merchandise trade totalled USD 8.74 billion in 2024, with exports USD 5.73 billion, imports USD 3.01 billion, and a trade surplus of USD 2.72 billion.
The government has been continuously and comprehensively assessing Mexico's tariff revisions since the issue emerged, engaging stakeholders, safeguarding the interests of Indian exporters, and pursuing constructive dialogue to ensure a stable trade environment benefiting businesses and consumers in both countries.
ALSO READ: Search operation ends in Anjaw truck accident, 20 bodies recovered
Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai has said that Mexico's decision is a matter of concern, particularly for sectors like automobiles and auto components, machinery, electrical and electronics, organic chemicals, pharmaceuticals, textiles, and plastics.
"Such steep duties will erode our competitiveness and risk, disrupting supply chains that have taken years to develop," Sahai said, adding that this development also underlines the little urgency for India and Mexico to fast-track a comprehensive trade agreement.
Domestic auto component manufacturers will face enhanced cost pressures with Mexico hiking duties on Indian imports, according to industry body ACMA.
