Live Blog

News Highlights: India has agreed to cut tariffs way down, says Donald Trump

Latest news updates: Catch all the latest news developments from around the world here

BS Web Team New Delhi
Donald Trump, Trump
Donald Trump, Trump(Photo: Reuters)

3 min read Last Updated : Mar 07 2025 | 11:46 PM IST

11:22 PM

Budget session of Telangana Assembly to begin on Mar 12

The Budget session of the Telangana Legislative Assembly will begin on March 12. Governor Jishnu Dev Varma has summoned the Assembly to convene at 11 am on March 12, an official release said on Friday. The state government is expected to pass a bill increasing reservations for backward classes to 42 per cent during the session.

10:45 PM

India has agreed to cut tariffs way down, says Donald Trump

Indian govt has agreed to cut tariffs way down, said US President Donald Trump.

10:33 PM

US dollar falters after data shows slowing labor market

The US dollar dropped to multi-month lows against the euro and yen on Friday after data showed the labor market in the world's largest economy slowed last month, creating fewer jobs than expected. The report suggested that the Federal Reserve remained on track to cut interest rates multiple times this year. US rate futures on Friday priced in 78 basis points (bps) of easing this year following the nonfarm payrolls report, or about three rate cuts of 25 bps each, according to LSEG calculations. The first rate reduction is likely to resume in June.

9:50 PM

Govt allows exports of broken rice

Govt allows broken rice exports 

9:44 PM

US reciprocal tariffs will impose one rate per country, says White House adviser

President Donald Trump's reciprocal tariffs planned for April 2 will impose one rate for each country that will reflect tariffs and non-tariff measures imposed on the U.S., White House trade adviser Peter Navarro told CNBC in an interview on Friday. "The concept here is one number-one number that reflects, in the aggregate, the unfairness embedded in the higher tariffs and non-tariff barriers that countries impose on us," Navarro said, adding that tariff actions will be at the industry level as well as country-specific investigations.

8:33 PM

Odisha tax dept imposes Rs 3.06 crore demand, Rs 31 lakh penalty on CEAT

CEAT says Odisha tax department issues order with Rs 3.06 crore demand, Rs 31 lakh penalty.

8:22 PM

Considering large scale banking sanctions on Russia, says Trump after Moscow ramps up attack

''I am considering large scale banking sanctions on Russia,'' said Donald Trump after Moscow ramps up attack.

7:42 PM

Cong leaders to meet on Monday to chalk out strategy for Parl's Budget session

Senior Congress leaders will meet here on Monday evening to plan the party's strategy during the second part of the Budget session of Parliament. The Congress's parliamentary strategy group will meet on Monday evening to evolve the party's strategy in cornering the government on key issues, sources said.
 

7:36 PM

India's high tariffs call for rethinking of ties: US commerce secy

India's high tariffs require a rethinking of its "special relationship" with the United States and should be brought down, US Commerce Secretary Howard Lutnick told India Today television on Friday. The United States is interested in a large and broad-based trade deal with India, Lutnick added.

7:19 PM

Telangana CM calls for all-party meet, accuses BJP of 'revenge politics' through delimitation

The BJP is pursuing "revenge politics" against the southern states through the proposed delimitation exercise, Telangana Chief Minister Revanth Reddy alleged on Friday and urged the Centre to convene an all-party meeting to discuss the issue. Speaking at the India Today Conclave in the national capital, Reddy claimed that the BJP wanted to reduce south India's parliamentary representation through the delimitation of parliamentary seats, which would adjust constituencies based on population.

7:11 PM

Defence Ministry seals $248 mn deal for procurement of engines for T-72 tanks

The defence ministry on Friday said it has inked a USD 248 million deal with Russia's Rosoboronexport for the procurement of engines for T-72 tanks. The deal also includes the transfer of technology from the Russian defence major to the state-run Armoured Vehicles Nigam Ltd (heavy vehicle factory) based at Avadi in Chennai.

7:03 PM

Vodafone Idea gets tax order for penalty of Rs 10.79 cr

Vodafone Idea got tax order for penalty of Rs 10.79 crore.

5:55 PM

Donald Trump says he sent letter to Iranian leader to negotiate deal

US President Donald Trump said he wants to negotiate a nuclear weapons program deal with Iran and sent a letter to Iran on Thursday saying he hoped they would negotiate. Trump made the comments in an interview with Fox Business Network broadcast Friday.

5:27 PM

IAF fighter jet crashes in Haryana's Panchkula district, pilot ejects safely, say police

IAF fighter jet crashes in Haryana's Panchkula district, pilot ejects safely, said police.

5:24 PM

Delhi High Court upholds interim award of Rs 115 cr to BHEL

Delhi High Court upheld interim award of Rs 115 crore to BHEL, said Bharat Heavy Electricals

Topics :Narendra ModiRahul GandhiDonald TrumpBJPCongressisraelpalestineRussiaUkraine

First Published: Mar 07 2025 | 9:13 AM IST