Delhi’s cheap electricity was never truly cheap. It was deferred. For years, power tariffs remained largely unchanged even as the real cost of generating, transmitting, and distributing electricity steadily increased.
Fresh US data shows a narrowing trade gap under new policies, but India continues to rank among the largest contributors to America’s goods trade deficit.
Amid concerns over a proposed hike in power tariffs, the Uttarakhand Electricity Regulatory Commission (UERC) has declined the proposal of the state power department, bringing relief to consumers.
The United States is once again reminding the world that its trade policy can turn on a dime ~ and that reminder matters far beyond Washington. When President Donald Trump signals that countries which “play games” with trade commitments will face steeper penalties, he is not merely posturing for a domestic audience.
"We are studying all these developments for their implications," the Union Ministry of Commerce & Industry said in a statement.
The discussions aim to ensure that a meeting occurs next week between US President Donald Trump and Chinese President Xi Jinping.
The move came shortly after Trump said he had personally seen the ad on television and viewed it as proof that his tariff policies were “having an impact.”
This development comes after US President Donald Trump claimed that India would stop buying oil from Russia, sparking controversy over the government's stance.
Washington has been ramping up pressure on nations maintaining energy trade with Russia, arguing that revenues from Russian oil are financing Vladimir Putin’s military operations.
Responding to US pressure on India to halt Russian oil purchases, Russian Foreign Minister Sergei Lavrov dismissed Washington’s tariff narrative, asserting that such tactics would fail. He stressed that “ancient civilisations” like India and China would not bow to external warnings.
