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Economy faces many challenges, meaningful steps needed in Budget: Congress

New Delhi, Jan 12 (PTI) The Congress on Monday hoped that the forthcoming Union Budget will take meaningful steps to address the challenges of sluggish private corporate investment and disparities in income as higher GDP growth rates in actuality will simply not be sustainable. Congress general secretary in-charge communications Jairam Ramesh said household savings rates have declined considerably, and wealth, income, and consumption inequalities continue to deepen. Ramesh said it remains to be seen if the forthcoming Union Budget boldly comes out of the comfort zone of statistical illusions, acknowledges realities and challenges, and takes meaningful steps to deal with

India and U.S. actively engaging on trade, next call on January 13, new envoy says

NEW DELHI, Jan 12 (Reuters) – India and the U.S. will discuss trade issues in their next call scheduled for Tuesday, Washington’s newly-appointed ambassador to New Delhi, Sergio Gor, said on Monday, at a time when failure to secure a trade deal has roiled their ties and pushed the rupee to a record low. India will also be invited to join Pax Silica next month, Gor said, referring to a U.S.-led initiative to build a silicon supply chain from critical minerals to semiconductors and AI. Trade talks between India and the U.S. fell apart and Trump then doubled tariffs on

Trump says weighing tough response to Iran crackdown, says Tehran called to negotiate

Jan 12 (Reuters) – President Donald Trump said the U.S. may meet Iranian officials and was in contact with the opposition, as he weighed a range of strong responses including military options to escalating unrest posing one of the biggest challenges to clerical rule since the 1979 Islamic Revolution Trump said Iran called to negotiate its nuclear programme, which Israel and the U.S. bombed in a 12-day war in June. Trump has warned Iran’s leaders that the United States would attack if security forces open fire on protesters. U.S.-based rights group HRANA said it had verified the deaths of 490

India proposes forcing smartphone makers to give source code in security overhaul

NEW DELHI, Jan 12 (Reuters) – India proposes requiring smartphone makers to share source code with the government and make several software changes as part of a raft of security measures, prompting behind-the-scenes opposition from giants like Apple and Samsung. The tech companies have countered that the package of 83 security standards, which would also include a requirement to alert the government to major software updates, lacks any global precedent and risks revealing proprietary details, according to four people familiar with the discussions and a Reuters review of confidential government and industry documents. The plan is part of Prime Minister

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