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Maha govt will explore new markets in wake of US tariffs: CM Fadnavis

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Mumbai, Aug 27: Chief Minister Devendra Fadnavis on Wednesday said that the Maharashtra government has established a war room to review the situation arising from the US government’s move to impose a 50 per cent tariff on India, effective from August 27.

“The government will make all efforts to convert the present crisis into an opportunity by exploring new market options. When one path is shut, many other paths open. We have kept our eyes open for new opportunities. We will take this challenge as a new opportunity,” claimed the Chief Minister while speaking to reporters at his official residence, Varsha, after performing Pooja on the occasion of Ganesh Chaturthi.

He further added that the government has opened a war room to look for increasing trade opportunities in other markets and make improvements to be ready for global competition, adding that the government has set a target of making nearly 100 improvements, which include efforts to reduce production costs and export products to other markets.

The Chief Minister’s statement comes when the state government has already initiated discussions with the Union government to seek guidance to protect the interests of Maharashtra industries and employment to weather the US tariff shock.

He claimed that the state government is committed to safeguarding the interests of its industries and the economy.

The state government’s move to swing into action to tackle the imposition of a 50 per cent tariff by the US is important as Maharashtra is the second-highest exporting state from India in FY 2023-24 with IRs 5.56 lakh crore exports, which is 15.37 per cent of total exports from India.

Of the Rs 5.56 lakh crore exports, the state’s exports to the US were reported at Rs 111762 crore.

According to the state government data, the top five exporting districts from the state are Mumbai Suburban, Mumbai City, Pune and Thane, contributing 74 per cent of the state’s total exports.

The top 10 importing countries from the US are the UAE, Hong Kong, Belgium, the UK, China, Italy, the Netherlands, Germany, and Mexico. Top export products from Maharashtra are pearls, precious and semi-precious stones; drug formulations/ biologicals; gold and other precious metals, jewellery; motor vehicles and cars; and iron and steel.

Meanwhile, the Chief Minister said that the Ganeshotsav Mandalas have responded positively to the Prime Minister Narendra Modi’s appeal to showcase Operation Sindoor during the ongoing festival.

He further added that the self-reliant India and Swadeshi have also been projected by the Ganeshotsav Mandalas.

“In response to the appeal made by the Prime Minister to the country, the people have responded by accepting it as a people’s movement,” he claimed.

On Shiv Sena UBT chief Uddhav Thackeray and his family visiting the cousin and Maharashtra Navnirman Sena Raj Thackeray’s home for Ganapati Darshan, CM Fadnavis said that it is good that both brothers have come together.

National News

Mamata Banerjee has ‘panicked’ before poll results: BJP MPs on Bengal CM’s strong room visit

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New Delhi, May 1: Bharatiya Janata Party (BJP) MPs on Friday claimed that West Bengal Chief Minister Mamata Banerjee has “panicked” before the Assembly election results on May 4 and is looking for an “excuse” for defeat.

The response came after the Bengal CM, on Thursday night, stormed the Sakhawat Memorial Government Girls High School, the venue for a strong-room storing the Electronic Voting Machine (EVM) for the Bhabanipur Assembly constituency in South Kolkata and stayed there past midnight, alleging EVM tampering.

BJP national spokesperson Syed Shahnawaz Hussain remarked that the Trinamool Congress is “panicking” due to the fear of defeat.

“In panic and confusion, they are going to the strong room. The public has already made its decision. The Bharatiya Janata Party is going to come with full strength,” he told media.

He mentioned that the exit polls too have given an edge to the BJP.

Hussain also echoed: “Trinamool Congress is looking for an excuse. It wants to blame the Election Commission for its defeat.”

BJP spokesperson Shehzad Poonawalla called the Trinamool Congress members as “people belonging to mafia culture”.

He said, “Trinamool has adopted the triple D approach. Denial, Diversion and Drama. They are even threatening people now. The party leaders also abuse the Constitutional establishments like the Election Commission.

Poonawalla referred to a viral video in which Trinamool MP Kalyan Banerjee is purportedly heard making objectionable remarks against Union Home Minister Amit Shah.

He said, “More than the exit polls, his statement is proof that Trinamool is going to exit.”

Bihar BJP President Sanjay Saraogi termed Banerjee’s visit to the strong room as her “frustration”.

“It is coming across as if she (Banerjee) is also losing from Bhabanipur. The kind of activity she is doing, even the law does not approve of that. Panic is clearly visible on her face. People used to call Bihar as ‘Jungle Raj’, but for the past 15 years, there has been ‘Maha Jungle Raj’ in Bengal. People are fed up there,” he said.

About the exit polls, he said: “Most of them have given the BJP an edge, which is why she is more panicked.”

BJP leader Dilip Ghosh said that the losing side seems to have no other “excuse left”.

“After ruling for 15 years, if a party is now doing politics over SIR and strong rooms, what does that indicate? It suggests the party has already accepted defeat and is now searching for some excuse,” he told reporters.

BJP MP Sanjay Jaiswal accused CM Banerjee of not taking responsibility for her actions.

“She (Banerjee) has lost the election, and the people have shown her the way out of Bengal, so she is blaming EVMs,” he said.

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National News

Change certain in Bengal, will perform brilliantly in other states: NDA leaders on exit polls

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New Delhi, April 30: As multiple exit polls projected notable gains for the BJP in West Bengal and Assam, leaders of the National Democratic Alliance (NDA) on Thursday voiced confidence that “double-engine governments” would be formed in both states, while also expressing optimism about the party’s performance in Tamil Nadu and Kerala.

According to Matrize exit poll findings, the BJP is likely to register a strong showing in the West Bengal Assembly elections, with projections placing the party in the range of 146–161 seats and a vote share of around 42.5 per cent.

The same survey indicates that in Tamil Nadu, which has a 234-seat Assembly, the DMK-led alliance is expected to retain power. In Kerala’s 140-seat Assembly, a close contest is anticipated between the two main fronts. Matrize projects the Congress-led UDF to secure 70–75 seats, slightly ahead of the Left Democratic Front (LDF), which is estimated to win 60–65 seats.

The reuslts will be announced on May 4.

Reacting to the projections, Union Minister Gajendra Singh Shekhawat said, “This time in Bengal, the people of Bengal have made up their mind for change. Change is definitely going to happen.”

Bihar BJP President Sanjay Saraogi struck a cautious note while referring to the exit polls, and told media, “According to exit polls, the Bharatiya Janata Party appears to be leading. However, the final results will only be known on counting day… For the first time, many people who were previously deprived of voting rights were able to cast their votes.”

He further added that based on exit poll results, “it appears that the Bharatiya Janata Party will come to power in West Bengal.”

“For the first time, voters in Bengal have been able to cast their votes in a peaceful and fear-free environment. In past elections, there have been allegations of violence and booth capturing, but this time, voters were able to exercise their right freely and in large numbers,” he said.

JD(U) Rajya Sabha MP, Sanjay Kumar Jha, also stated that the BJP will win in Bengal. Speaking to the reporters, Jha said, “Many exit polls from Bengal indicate that the NDA is ahead. The results will come on the 4th, but based on the feedback from journalists and political people who went, and since it is a neighbouring state, an NDA government is coming to Bengal.”

Delhi Chief Minister Rekha Gupta said the trend was expected, remarking, “This was bound to happen. The people have given their full blessings… The change in Bengal is certain, which will be visible to us on the 4th in the form of results.”

Delhi Minister Kapil Mishra added a lighter tone to the political anticipation, saying, “May 4 is about to come, and saffron is visible everywhere. The mood of the public is now understandable. I think we should wait for the evening of the 4th, everyone will eat jhalmuri, everyone will eat jalebi.”

Speaking to the reporters, Uttar Pradesh Deputy Chief Minister Brajesh Pathak said, “In West Bengal, the BJP is seen coming with a strong majority in the exit polls. After voting, we should wait for the counting of votes.”

JD(U) national spokesperson Rajeev Ranjan Prasad said, “Undoubtedly, the exit poll trends and almost all surveys indicate that a massive mandate is going to be received by the Bharatiya Janata Party in Assam.”

BJP National Spokesperson Shahnawaz Hussain, speaking to media, also expressed strong confidence in the party’s prospects, stating, “The exit poll results indicate that in Assam and West Bengal, our government is going to be formed with a huge majority. We will also perform well in Tamil Nadu, and in Keralam, we are expected to deliver a surprise result. In West Bengal, just as the sunrise is certain, the formation of the Bharatiya Janata Party government is also certain.”

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Business

India, New Zealand set to sign FTA for improved market access on April 27

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New Delhi, April 24: As India and New Zealand prepare to sign a Free Trade Agreement (FTA) on Monday, both sides are expected to benefit from expanded trade ties and improved market access, New Zealand Prime Minister Christopher Luxon has said.

Taking to the social media platform X, Luxon said, “We will sign a Free Trade Agreement with India on Monday.”

In a video message, Luxon said the agreement would improve market access for New Zealand exporters, particularly manufacturers of marine jet systems used in boats and exported to over 70 countries.

He added that the deal would help reduce trade barriers and strengthen commercial engagement between the two countries.

He also noted that certain exporters currently face tariffs while accessing the Indian market, and said the agreement would gradually ease such duties, improving competitiveness and supporting higher trade flows.

Luxon said the FTA would support increased business activity, employment opportunities and economic growth in New Zealand, while also strengthening bilateral trade linkages with India.

He added that the agreement would bring ‘more jobs, higher wages and more opportunities,’ highlighting the broader economic impact of the deal.

Once signed, the FTA is expected to expand trade and investment ties between the two countries and enhance export opportunities on both sides in a large and growing global market environment.

Earlier this month, legal verification of the New Zealand-India FTA was completed, with both countries agreeing to sign the pact on April 27 in the presence of a large contingent of business representatives, New Zealand Trade and Investment Minister Todd McClay said.

In a statement, McClay described the agreement as a “once-in-a-generation opportunity,” saying it would strengthen bilateral trade relations and provide improved access to each other’s markets.

He said that amid global economic and geopolitical uncertainty, strengthening trade partnerships remains important for long-term economic stability.

McClay added that signing the FTA would allow New Zealand to formally initiate parliamentary treaty examination, enabling public scrutiny of the agreement.

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