- 5 months ago
A high-level Pakistan Senate delegation, led by the deputy chairman, will embark on an eight-day official visit to the US starting August 12. The group includes key Senate committee heads and aims to strengthen legislative ties and maintain positive momentum in Pakistan-US relations. The delegation will engage with US lawmakers, senior officials from the Trump administration, business leaders, and members of the Pakistani-American diaspora across Washington, Chicago, New Jersey, and New York.
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NewsTranscript
00:00With that, viewers, we are now bringing to you breaking news that we are receiving.
00:05Sources have come out to say that the largest ever Senate delegation from Pakistan is set to visit the U.S. later this month.
00:13The delegation, led by Pakistan's Deputy Senate Chairman, is scheduled to arrive on an eight-day official visit to the United States from August 12th.
00:21It will include chairpersons of major Senate standing committees on finance, health, interior, cabinet, secretariat, human rights and maritime affairs.
00:30American and Pakistani diplomats in Washington, D.C. indicated that efforts were also underway to arrange a reciprocal visit by the U.S. lawmakers to Pakistan,
00:40aiming to deepen the legislative-level ties and sustain the positive momentum generated in the bilateral Pakistani-American relations in the recent months.
00:49During their U.S. tour, Pakistan Senators will be visiting Washington, Chicago, New Jersey, New York,
00:55meeting with members of Congress, senior Trump administration officials, business leaders and diaspora representatives.
01:02The visit will culminate in the United States-Pakistan Strategic Forum on Capitol Hill,
01:06scheduled for August 20th at the Rayburn House Office Building of the U.S. Congress.
01:11These are the details we are currently getting in terms of what exactly has been scheduled and what's the plan.
01:19For this very Senate visit, or rather, the delegation visit to the U.S. Senate at the beginning point,
01:26this comes in at a very important time, definitely, when India and U.S. are engaged in a rather tensed tariff war,
01:37with threats coming in from the United States of tariffs being increased,
01:40while at the same time, the U.S. seems to be giving a more positive approach, an outlook to Pakistan,
01:48economically speaking, reducing their tariffs, helping them build oil reservoirs,
01:52or at least that has been declared by the U.S. President Donald Trump for now.
01:57Which is why this meet is also being looked at from a geopolitical perspective at this given point,
02:05of how things are panning out, geopolitically speaking, how the landscape is looking at this given point in the Pacific.
02:16More importantly, this is Asim Munir's second visit to the United States as well.
02:23Earlier, he was invited for lunch with Donald Trump,
02:28pictures of which had in fact come out from the White House and the Global Office itself,
02:34raising several questions with regards to the United States and their stance on Pakistan at this given point,
02:41given that India has taken such a strong stance against Pakistan
02:45in their zero tolerance towards terrorism policy.
02:49With that, Pakistan's Army Chief, Field Marshal Asim Munir,
02:58is headed to the United States for the second time in just two months.
03:01And Munir will be attending the farewell ceremony of U.S. Entcom Chief General Michael Kurula,
03:06who is in fact set to retire.
03:08Now, the visit comes on the heels of an agreement between the two nations,
03:12which includes U.S. participation in developing Pakistan's oil reserves
03:15and a substantial reduction in tariffs on Pakistani exports to the U.S.
03:20The Pakistani-U.S. dangle has been going on for months
03:23and this trip further solidifies stronger ties between Washington and Islamabad
03:28at a time when India may look at pivoting to other strategic markets
03:33in response to Trump's doubled-up tariff tyranny.
03:45And now moving on to the India-U.S. relations.
03:54Dost Donald has delivered another big blow to Bharat.
03:57After announcing an extra 25% tariff on India,
04:01total tariff now stands at 50%.
04:03Now Trump has threatened to impose secondary sanctions.
04:06Trump also hinted that U.S. administration could be imposing more similar sanctions on China.
04:11U.S. has imposed the sanctions as a penalty for the continued import of Russian oil,
04:16bringing the total tariff to a staggering 50%.
04:19And the penalty tariff will take effect in 21 days.
04:22However, India has also hit back sharply,
04:24saying that U.S. targeting of India over Russian oil imports is unfair,
04:29unjustified and unreasonable.
04:31Not just that, it has in fact also made it quite clear
04:33that it will take all necessary steps to protect its national interests.
04:38Meanwhile, sources have told India today
04:40that India is ready to counter Trump's tariff tyranny.
04:43Governments also suggest that the Prime Minister's office
04:45will be reviewing the impact of Trump's new tariffs
04:47with the Ministry of External Affairs and the Commerce Ministry officials.
04:50The government sources have also clarified energy imports,
04:53including Russian oil, remain unaffected
04:56and that the tariffs are not being seen as a strategic threat.
05:00Let's listen in to some reactions on this,
05:02starting with the President of the United States himself.
05:05India penalties, do you have any similar plans
05:10to enact more tariffs on China?
05:13Could happen, could happen.
05:15Depends on how we do, could happen.
05:16There are other countries that are buying Russian oil.
05:19It's okay.
05:19Like China, for instance, buys more.
05:21Why are you singling India out for these additional sanctions?
05:25It's only been eight hours,
05:27so let's see what happens over the next...
05:29We're going to see more secondary sanctions.
05:30Yeah, you're going to see a lot more.
05:31You're going to see so much secondary sanctions.
05:36You know, China has not stood out there
05:40and refused to let President Trump take credit
05:43for his role in the ceasefire.
05:46China has not had its leader have a long conversation
05:49with Trump on the phone
05:51and essentially dictate to him what's right and what's wrong.
05:56These are things that happen with India.
05:57And so I think that that's why perhaps President Trump
06:00would reserve some of his greatest ire
06:02on the trade and tariff front for India
06:05and for the Indian government.
06:08Indeed, it's a double standard.
06:10It's hypocritical, whatever you want to say.
06:11But I do think that that might help explain
06:14why India, which has been such a close partner of the U.S.,
06:19has been singled out for particularly harsh treatment
06:21by the U.S. president.
06:23Unfortunately, given just how the relationship
06:26has been developing in recent days,
06:30you know, this new announcement is not all that surprising.
06:34And the president has also appeared very committed
06:37to following through with tariffs.
06:40And in that sense, despite the potential impact,
06:44the damaging impact this could have
06:46on the U.S.-India relationship,
06:48it's not that much of a surprise to me
06:50that in the end, the president decided to follow through
06:53on his threat to impose this additional penalty.
06:56I think that this is the worst crisis
07:01that the relationship has faced
07:02over the last two decades of strategic partnership.
07:05I would argue that there is potential
07:07for this relationship to be salvaged,
07:11not just because of the natural shared interests
07:15and the strategic convergences and all that,
07:17but, you know, this is a relationship
07:19that is multifaceted and has many different areas
07:22of cooperation that play out on parallel tracks
07:25and have the insulation to withstand shocks
07:29to the broader relationship.
07:33Now, let us go across to our guests
07:35joining us from the United States
07:36and listen to their views on the ongoing conflict.
07:39I'm joined by Seema Sirohi
07:40and Professor Andrew Latham.
07:42Let's listen in to what they had to say.
07:47And the Europeans are allowed to import Russian oil and gas.
07:50The Chinese are certainly doing it.
07:52And the United States is importing other materials
07:55from Russia, critical minerals, et cetera.
07:59And yet India is being singled out.
08:02And my conjecture is that Trump thinks
08:05he won against Japan.
08:07He got them to roll over and play dead.
08:09Indonesia, the European Union,
08:11and the only fly in the ointment, as it were,
08:15the only country that has stood up to him is India.
08:18And I think it's really emboldened him on the one hand
08:22that he beat Japan in the European Union
08:24and enraged him that he can't get his way with India.
08:27And so he's doing what, you know,
08:29the art of the deal suggests.
08:30He's ratcheting up the pressure on India,
08:32but he doesn't understand that the Modi government
08:35only has so much wiggle room here
08:37that there are certain domestic constituencies,
08:39which in the agricultural sector, for example,
08:42which he simply cannot alienate
08:44if the BJP is to have any hope of winning
08:45again in the future.
08:47So the room for Modi to give Trump what he wants
08:53is pretty limited.
08:54Now, there are things that the Modi government could do.
08:56It could, for example,
08:58cut back on the re-export of oil.
09:01It's making a lot of money,
09:02not just consuming Russian oil,
09:03but then selling it on the world market
09:05and making some money.
09:07It could cut back on that, for example.
09:10There are some other things it could do
09:11with respect to defense industry.
09:13And there are some things
09:14that it could do diplomatically,
09:16just give Trump a phone call
09:17and maybe, you know,
09:18stroke his feathers a little bit.
09:20But it is ironic that India
09:24is being singled out this way
09:26and in a way that's likely to alienate
09:29America's best strategic partner
09:31in the Indo-Pacific.
09:32By using the kind of language he has,
09:37he's made it very difficult
09:38for Prime Minister Modi
09:40to even give him a big win,
09:43even if he wanted to.
09:44Earlier, it wasn't possible
09:46because the parliament was in session.
09:48But now he's taken such extreme steps
09:53that no government,
09:56no prime minister can sort of
09:58immediately make a phone call.
10:00The political managers
10:02of Prime Minister Modi
10:04will not expose him
10:06to an unpredictable,
10:09you know, leader
10:10who can say anything,
10:12then go on Twitter
10:12and say the exact opposite.
10:14Whatever happened in the phone call,
10:16you may read on X
10:18an entirely different account.
10:20So it's too risky now.
10:23Since the goodwill is eroded,
10:26the confidence is gone
10:28that I don't think
10:32a phone call is likely.
10:34What is likely
10:36is for other people
10:37in the Trump administration,
10:39if they can stand up,
10:41those who have,
10:43you know,
10:43look after,
10:45let's say,
10:45the State Department,
10:46Secretary of State Marco Rubio,
10:49for them to say something,
10:51for the vice president
10:52to say something,
10:53to not allow the president
10:57to destroy a relationship
10:59to a point
11:02where it will be
11:03very difficult to rebuild.
11:08With that,
11:09let us also take you through
11:10some more details
11:12in terms of
11:12what exactly
11:13has been underway.
11:15Now,
11:16the US-India tariff war.
11:17US has come out
11:19to slap
11:19additional 25% tariff on India.
11:22And India has called
11:23that action unfair,
11:25unjustified
11:26and unreasonable.
11:28The US has also said
11:29that India importing
11:30Russian oil directly
11:31or indirectly,
11:33to which India
11:33has also said
11:34that our imports
11:35are completely based
11:36on market factors.
11:38Again,
11:39the US has come out
11:39to say that
11:40further actions
11:41shall be taken
11:41if India retaliates,
11:43to which India has said
11:44that we will take
11:45necessary steps
11:46to protect
11:47our national interests.
11:49This is
11:50where the situation stands.
11:52As far as
11:53the bilateral relation
11:55also goes,
11:55because remember,
11:56the tariffs
11:57that we are speaking of,
11:59the whole world
11:59says that India
12:00at this given point
12:01has been singled out.
12:03The reason being,
12:05or at least the reason
12:05cited at this point,
12:07seems to be
12:08India's imports
12:09of Russian oil.
12:11Clifford Young,
12:12professor at Texas
12:13and M University's
12:15Bush School of Government
12:16and Public Service,
12:17joins me on the broadcast.
12:19Very good morning
12:20to you from India,
12:21Clifford.
12:22Thank you for speaking to us.
12:24And, you know,
12:25at the very onset
12:26of this discussion,
12:27I would want to ask you,
12:29what are we looking at
12:31in terms of
12:31where is Trump headed next?
12:33He said that there
12:33might be secondary sanctions.
12:35There's already
12:36a 25% additional tariff.
12:39What are we expecting,
12:41if at all,
12:41anything can be expected
12:43from that man?
12:45Yeah, we have to understand
12:46first that
12:47he's dealing with
12:49many countries,
12:50not just India specifically.
12:52He has an entire agenda
12:53that he's pushing forward.
12:55And I think it's very important
12:57to understand that
12:58this agenda,
13:00this issue
13:00is less about
13:01tariffs specifically.
13:03And it's much more about
13:05the agenda of
13:06resetting America's
13:08relationships to the world,
13:10Americans in general,
13:12and Trump won on this.
13:13It was,
13:14he won on this mandate.
13:16Americans believe
13:17that they're carrying
13:18too much
13:19on their shoulders.
13:21They wanted to reduce
13:22that burden.
13:22And obviously,
13:23there's other ways
13:24to do that.
13:24You can do that
13:25on the security side,
13:26more specifically
13:27on the economic side.
13:28This is what we're seeing.
13:29And so the point
13:30I'm making is
13:31he's going to keep
13:32on pushing it.
13:34That is,
13:34the Trump administration
13:35will keep on pushing it.
13:37What the exact level is,
13:39is ultimately
13:40less important.
13:42What they want to do
13:43is to be able
13:44to go back
13:45to the American people
13:46and say they have
13:47implemented this reset
13:50from a political perspective.
13:54Right, right, Clifford.
13:56But I also want to understand
13:57from you
13:57at this given point
13:58in terms of the fact
13:59that you just said
14:00that Trump won
14:02the entire elections
14:03on that very campaign,
14:04that America has to reset,
14:06at least to some extent,
14:08its relations with
14:09certain nations
14:10across the world
14:11or in fact,
14:12nations across the world
14:13are that.
14:14But you know,
14:15when we speak of these tariffs,
14:16the reason India says
14:17that it's being singled out
14:18is because of the rate
14:20of tariff
14:21that we're looking at.
14:21And from what he says,
14:23it may not even
14:24have come to an end.
14:25He's still saying
14:26that there may be
14:27secondary sanctions.
14:28In the past,
14:29he's also sanctioned
14:31companies in India
14:32for having,
14:33being associated
14:34with Iranian petroleum.
14:35So it's not just Russia
14:37at this given point.
14:38There have been
14:38several such questions
14:40or other reasons
14:41that have been cited
14:42by Trump
14:43for a relationship
14:44that has historically
14:46otherwise been
14:46quite strategically important
14:48for the United States.
14:50Yeah, ultimately,
14:51if we're looking
14:52specifically at India,
14:54the administration
14:54is upset
14:57and uneasy
14:59about the Russian oil.
15:01And that's definitely
15:02an issue being debated
15:04and talked about
15:04here in the United States.
15:06What we can say is,
15:08looking at other countries
15:10that have been successful,
15:12one can cut side deals
15:15for specific industries.
15:17Brazil did that.
15:19Canada did that.
15:20The European Union did that.
15:22That's important
15:23to understand
15:24that it's not an all
15:24or nothing proposition.
15:27There's ways
15:28to sectorially deal with it.
15:30So yes,
15:31there's this
15:31national security issue
15:33that's touchy,
15:34that's sensitive
15:35that's sensitive
15:35to the U.S.
15:36But if there's a will,
15:37there's a way.
15:38And ultimately,
15:39understanding
15:40the Trump administration,
15:41more specifically Trump,
15:42it is about the deal.
15:44It is about feeling
15:45that they get something
15:46in return.
15:47You can do that,
15:48as I said before,
15:49sectorally,
15:50which has been done
15:51by other countries
15:51as well.
15:53But there are things
15:54to negotiate
15:54on the national security agenda
15:56as well.
15:57and I assume
15:58that's what they have
15:59in mind.
16:00So it's an all-out
16:01sort of negotiation,
16:02not one just specifically
16:04about the tariff rate.
16:08Right.
16:09Clifford,
16:09stay with us
16:10at this point.
16:10Let me just take our viewers
16:11through the entirety
16:13of what has gone down
16:14in terms of
16:15what has been said
16:16by the U.S.
16:16and what has been said
16:17by India.
16:18U.S. has said,
16:20and we reiterate this,
16:21additional 25% tariff
16:23on India,
16:24while India
16:25has called these actions
16:26unfair, unjustified
16:27and unreasonable.
16:29Again,
16:29U.S. has said
16:30that India is importing
16:31Russian oil directly
16:32or indirectly,
16:33to which India has said
16:34that our imports,
16:35as we are reiterating,
16:38are based on market factors only.
16:40The availability,
16:41the price
16:42and global circumstances,
16:43that is.
16:44U.S. has also come out
16:45to say further actions
16:46shall be taken
16:47if India retaliates,
16:49to which India has said
16:50and stood strong
16:52on their stance
16:52that they will take,
16:54or rather we will take,
16:55necessary steps
16:56to protect national interests.
16:58So this is where we are at
17:00with the United States
17:01at this given point.
17:03And Clifford,
17:03I'll come back to you
17:04at this point.
17:05Let me also try
17:06and understand this.
17:07Would you say
17:07there is a possibility
17:08that the entire situation
17:10that's panned out,
17:11it might just all be about
17:13a big win for Trump
17:14at the end of the day.
17:15We've seen him ask
17:16for the Nobel,
17:16or rather claim
17:17for the Nobel Peace Prize earlier.
17:19He's been trying
17:20to negotiate a peace deal
17:22between Ukraine and Russia
17:23for the longest time now,
17:24but the situation
17:26hasn't turned out
17:27as he wanted it to.
17:29A, the frustration
17:29has been directed
17:30towards India,
17:32and B,
17:32it's all about
17:33a big win for him
17:34at the end of the day.
17:37Yeah, I would say
17:39from a political perspective,
17:40he already has
17:42a win domestically.
17:44He has shown America
17:46and his base
17:47that he has been able
17:48to get many concessions
17:49from countries
17:50around the world
17:51in a general sense.
17:53He has been shown,
17:54the administration
17:54has been shown
17:55to have very specific problems
17:57with specific countries.
17:59I use Brazil
17:59as an example as well.
18:01They have a whole host
18:02of, whole set
18:03of other problems
18:04relative to,
18:05or compared to India,
18:07but once again,
18:08and they're touchy
18:10and they're difficult,
18:11but there are points
18:12to negotiate.
18:13Like I said,
18:14sectorally speaking,
18:16to exempt
18:16certain sort of sectors,
18:18that's been done
18:19in other places,
18:20to do some sort
18:22of inclusion
18:23of negotiating
18:24on national security issues,
18:27that's another possibility.
18:28So ultimately,
18:29I don't think
18:30it's about some
18:30big grand slam
18:32as we say
18:32in here in the United States
18:34or big win.
18:36He already has
18:37a domestic win
18:38and for you specifically,
18:39that is India specifically,
18:41I really think
18:42it's about this
18:43national security issue
18:44with the oil,
18:45but there is latitude
18:47to negotiate
18:48sectoral issues
18:49as other countries
18:50have shown as well.
18:51You know,
18:52it's ironic
18:52when you speak
18:53of that domestic win,
18:54India actually stood
18:56by Trump
18:56and supported Trump
18:58in its entire,
19:00throughout its campaign
19:01as well as
19:01when the president
19:02was elected,
19:04in fact,
19:04it was Prime Minister
19:05Narendra Modi
19:05who visited
19:06the United States
19:07and congratulated him
19:08on that very big
19:09domestic win.
19:10So it is ironic
19:11how the situation
19:12has just gotten
19:13from where it was
19:13in January
19:14to where it is
19:15now in the month of August,
19:16just a matter of six months.
19:17But yes, Clifford,
19:18I would also want
19:19to understand
19:19when you speak of
19:21there are sectors
19:22that may be exempted,
19:23we've seen that
19:24America had given
19:25a short pause
19:26to China
19:27in terms of tariff as well.
19:28It's one of his own aides
19:30now who has come out
19:31to warn him,
19:32Nikki Haley,
19:33who has come out
19:33to warn him
19:34that relations with India
19:35should not be strained
19:37and she's warned
19:39that wherever this is headed,
19:40it might not end well
19:42for the United States
19:43as well.
19:46Yeah, once again,
19:47I mean,
19:48we've been hammering home
19:50on the issue
19:50of national security.
19:51It's not just about tariffs
19:53that's never been.
19:55It's about resetting
19:56America's relationship
19:57to the world.
19:58Obviously, India...
19:59No, we understand that, Clifford.
20:01But my question is,
20:02why does China get spared
20:04but India get hit instead?
20:08Because there's a relative sense
20:09of greater threat
20:10with China versus India,
20:11probably.
20:12And so,
20:13you have to kind of look
20:14across the board
20:15in terms of his negotiating
20:17tactics.
20:19The administration
20:20is tending to hit harder
20:22its allies
20:22than its non-allies.
20:26Whether that's good or bad,
20:27that's another issue.
20:27Let's set that aside.
20:29But I think
20:29when you compare yourself
20:30to China,
20:31I think that's what's going on.
20:33China,
20:33there's a lot of risk there.
20:35The prize is larger
20:37and more difficult
20:38from a variety
20:38of issues,
20:41both economic
20:42as well as
20:43from a national security
20:44geopolitical standpoint.
20:45Clifford,
20:46please stay with us
20:47at this given point.
20:49Clifford,
20:49I would request you
20:50to stay with us
20:50at this given point.
20:52We have some big
20:52breaking news
20:53that's coming in
20:53yet again
20:54into this very story
20:55as well.
20:56Donald Trump's
20:57big tariff threat
20:58viewers,
20:59threat from Trump
21:00that tariffs
21:01are to take effect
21:02at midnight itself.
21:03Trump has said
21:04many nations
21:05took advantage
21:06of the United States.
21:08Reciprocal tariffs
21:08take effect
21:09at midnight tonight.
21:11Big,
21:11big news
21:12coming in
21:12from the United States
21:13because earlier
21:14we knew it was
21:15somewhere in the middle
21:16of August
21:16when these tariffs
21:18were,
21:1821st August,
21:19if I'm not wrong
21:20at this point,
21:21that when the tariffs
21:22would have taken
21:22effect from.
21:24But now it's being said
21:25by Trump
21:25that it shall be
21:26taking effect
21:27at midnight tonight
21:28itself.
21:29Billions of dollars
21:30largely from countries
21:32that have taken advantage
21:33of the United States
21:34for many years
21:35laughing all the way
21:35will start flowing
21:37into the United States.
21:38And the only thing
21:39that can stop
21:39America's greatness
21:41would be a radical
21:43left court
21:43that wants to see
21:44our country fail.
21:46This is what is being said
21:47by Trump
21:48at this given point.
21:51And this is
21:52the big breaking
21:54that we bring to you.
21:56Also,
21:56at the same time
21:57as we speak,
21:59the markets have opened,
22:00Indian markets
22:01have already opened,
22:01markets shrug
22:02of bully Trump's
22:04tariff threat.
22:05Indian stock markets
22:06are largely unaffected.
22:08Rupee opens
22:08marginally stronger
22:10against the dollar.
22:11Sensex opens
22:12200 points lower.
22:13Nifty 50 opens
22:14at 24,500 points,
22:160.3% down.
22:18Rupee rises
22:193% to 87.69
22:21against US dollar
22:22in early trade.
22:23These are
22:23some of the updates
22:25we're bringing to you
22:25from the Indian markets
22:26as well.
22:27Karishma Asadhani
22:28joining me on the broadcast
22:29to in fact
22:29decode this for you
22:30and analyze this further.
22:31Karishma,
22:33we've been largely
22:34seeing this trend.
22:35Indian markets
22:36not bowing down.
22:38The bearish trend
22:40still doesn't seem
22:41to be that high
22:42in the Indian markets
22:43despite
22:43the kind of
22:45tariff threats
22:46we see
22:47and now Trump
22:47has also come out
22:48to say
22:48midnight today
22:49is when we see
22:50the tariff stake effect.
22:52Well, absolutely right.
22:55Indian markets
22:56have showed
22:56a lot of resilience
22:57and this is something
22:58we've been
22:58reiterating
22:59for the past
23:00one week
23:00that
23:01the whole
23:03vulnerabilities
23:03to do with tariffs
23:05are being understood
23:06by a lot of investors
23:07and they've realized
23:08and they've realized
23:08that probably
23:09this is more
23:11of a trial
23:12and error
23:13reform policy
23:15in the making
23:15where the tariffs
23:16are being implemented
23:17then negotiations
23:19are taking place
23:20and then there is
23:21a whole change
23:22of theatrics
23:23which I think
23:24Indian investors
23:24have realized
23:25that Indian economy
23:27is resilient
23:28and government
23:28is going to do their best
23:29not to let it shrink.
23:31the fact that
23:31Indian government
23:32has also responded
23:33to the US
23:34in a very measured
23:35and calm tone
23:36speaks volumes
23:37about how we are thinking.
23:39Rather if I glance
23:40through the Asian markets
23:42you'll see that
23:43China has opened
23:45on a lower note
23:46and in fact
23:46it's still trading in red.
23:48Taiwan, Hong Kong
23:49and Korean markets
23:51have been doing fine.
23:52Japanese markets
23:52have rather been doing great.
23:54In compared to all
23:55I think Indian markets
23:56have also opened
23:57on a good note
23:58just about
23:59say 0.03 lower
24:01when it comes to Nifty 50.
24:02Censex saw
24:03a steep drop
24:05of 200 points
24:06at the beginning
24:06which could actually
24:07climb up.
24:09Rupee has been
24:09Rupee closed
24:11on a stronger note
24:12yesterday
24:12at least close to 7 Paisa
24:14when compared
24:14to the US dollar.
24:15It's still opened
24:16on a positive note
24:18this morning.
24:19On a whole
24:19it talks about
24:20the macroeconomic situation
24:22and the fact that
24:23investors are keen
24:25and hope to continue
24:26staying with the stability.
24:29Right, Karishman.
24:30And that's largely
24:30the trend
24:31that we've been seeing
24:32that the tariff
24:34announcements
24:34no matter what
24:35the announcement
24:36is at this given point
24:37it hasn't really
24:38shaken the market
24:39to the extent
24:40one might have
24:41expected to.
24:43If we speak
24:43of sectors
24:44at this point
24:45Karishma
24:45with the 25%
24:47tariffs
24:47additionally slapped
24:48by the United States
24:49yesterday itself
24:50what would you say
24:52if we look at it
24:53sectorally at this point
24:54which sectors
24:55are we looking at
24:56which might be
24:57the most vulnerable
24:57at this point?
24:59Yeah
24:59well
25:01there is no doubt
25:02about the fact
25:03that there are going
25:04to be certain sectors
25:05that are highly impacted
25:06by another 25% tariff
25:08we were all
25:08to be looming low
25:09with the first
25:1125% tariffs
25:12that came on to us
25:13because we weren't
25:14expecting that to
25:15we export maximum
25:17of engineering boots
25:18to the United States
25:19of America
25:20followed by
25:21electronic boots
25:22and then comes
25:23gems and jewelry
25:24and comes textiles
25:25and a host of others
25:26in smaller quantity
25:27now as for yesterday's
25:2925% additional
25:31order
25:32the electronic boots
25:33have been given
25:34exemption
25:34at least
25:35until for now
25:36and pharmaceuticals
25:38of course
25:39also stays
25:39exempted
25:40under section
25:41232
25:42of the US
25:43law
25:44which could
25:45have a different
25:46treatment
25:46of tariff
25:47like
25:47Washington
25:49has said
25:50in the past few days
25:51so it's our
25:51engineering goods
25:52gems and jewelries
25:53and majorly textiles
25:54that will see
25:56some kind of impact
25:58at least for the next
25:59few days
25:59until there could be
26:00some movement
26:02of the negotiating table
26:03if the Washington
26:04officials are visiting
26:06India on August 25th
26:07which was a part
26:08of the plan
26:08then this could
26:10actually be
26:11reverted
26:13because August 27th
26:15is the day
26:15when the 25%
26:16additional penalty
26:18tariffs will be
26:19implemented
26:20that's the information
26:23I think we just
26:24brought to our viewers
26:25at this given point
26:26that the tariffs
26:27shall be taking effect
26:28from midnight itself
26:29that's the breaking news
26:30that we have
26:31at this given point
26:31but you know
26:32I would also want
26:33to concentrate
26:33on the rupee
26:34because I remember
26:35the last conversation
26:36we had had
26:36when the first
26:3725% slab
26:38had been
26:39slapped on India
26:40there was
26:41a concern
26:42with regards
26:43to the rupee
26:44being more vulnerable
26:45rupee dropping
26:46in terms of value
26:48but at this point
26:49the market shows
26:50a very different picture
26:51the rupee
26:51instead
26:52not only has it
26:53remained fine
26:54but it has also
26:56risen by three points
26:57and it's like
26:58it's come up
26:59it's opened in green
27:00today
27:00yeah
27:02just for our viewers
27:03I'd like to
27:04share this extra
27:06information
27:07that since it's
27:08August 7th
27:08today
27:08it's the early
27:0925% tariffs
27:10that will be
27:11implemented
27:11from midnight
27:12today
27:12and the other
27:1325%
27:14which is the
27:14penalty tariffs
27:15still come in
27:1621 days later
27:17so we still
27:18have about
27:18close to
27:1921 days
27:19to negotiate
27:20it with the
27:21US
27:21now when it
27:22comes to
27:22rupee
27:23well this is
27:24really influenced
27:25by the global
27:26phenomena
27:26and it's
27:27something that's
27:27not controlled
27:28with the domestic
27:29investors
27:30and how
27:31we as a
27:32country can
27:32look into it
27:33because there
27:33is a play
27:34of different
27:34markets
27:35when it comes
27:36to the
27:37currency
27:37mechanism
27:38but as for
27:38now I think
27:39we are floating
27:39to be stable
27:40and there's
27:41no steep
27:41fall that's
27:42expected
27:42right Karishma
27:45thank you for
27:45bringing us
27:46all those
27:46details
27:47at this
27:47given point
27:48on how
27:48the markets
27:49look and
27:49what has
27:50the effect
27:50been on the
27:51market so
27:52far and as
27:52she has
27:52mentioned
27:53yes the
27:53tariffs
27:5425% earlier
27:55that had
27:57in fact been
27:57slapped
27:58is the one
27:59that will be
28:00taking into
28:00effect it is
28:01all the earlier
28:02tariffs that have
28:02been mentioned
28:03by Donald Trump
28:04to all the
28:04nations that
28:05shall come into
28:06effect from
28:06midnight today
28:07but otherwise
28:08if we speak
28:10of the additional
28:1025% that has
28:12been slapped
28:12just yesterday
28:13there is
28:14August 6th
28:15that shall
28:16still come
28:16into effect
28:17on 21st
28:18of August
28:18as had
28:19been declared
28:20initially
28:20with that
28:26viewers as we
28:27speak of the
28:28tariff war
28:29underway let's
28:30also take a
28:30look at how
28:31things have
28:31been unfolding
28:32back home
28:33political war of
28:34words explode
28:35over Trump's
28:3525% additional
28:36tariff bomb on
28:37India and the
28:38opposition led
28:39by the Congress
28:40has lashed out
28:41of the Prime
28:41Minister Narendra
28:42Modi following
28:42Donald Trump's
28:43announcement of
28:44a 25% additional
28:45tariff on Indian
28:46products taking a
28:47scathing swipe at
28:48the Prime Minister
28:49was Lok Sabha
28:50LOP Rahul Gandhi
28:51who urged Modi
28:52to prioritize Indian
28:54interests and not
28:55give in to Trump's
28:56attempt to bully
28:57India into an
28:58unfair deal
28:58other leaders of
28:59the India bloc
29:00do slam the
29:01center for staying
29:01silent as well
29:03further label the
29:0450% tariff move
29:05on India as
29:05unacceptable and
29:07unfair meanwhile
29:08India has reiterated
29:09that the actions
29:10by the United
29:11States are unfair
29:12unjustified and
29:13unreasonable at the
29:14same time
29:15obviously that takes
29:19our total tariffs
29:20to 50% then that's
29:22going to make our
29:23goods unaffordable
29:24to a lot of people
29:25in America and
29:26in particularly when
29:28you're looking at
29:28these percentages you
29:30have to compare them
29:31with the tariffs being
29:32levied on some of
29:33our competitors so
29:35that's not very good
29:36for our exports to
29:37America this means we
29:38need to very seriously
29:39diversify to other
29:41countries and other
29:42markets which may be
29:43interested in what we
29:44have to offer we now
29:46have an FTA with the
29:47UK we are talking to
29:48the EU there are many
29:49countries in which
29:50hopefully we would be
29:52able to but in the
29:53short term it is
29:53definitely a blow I
29:54don't think we can
29:55sugarcoat it
29:56this is pure and simple
29:58blackmail by the by
30:00America having said
30:02that it's surprising
30:03that we've reached this
30:04spot where we can be
30:05bullied around by a
30:07superpower when there
30:10was the peak of cold
30:11war we still managed to
30:14stand on our own we are
30:17the architects of
30:18non-alignment we did not
30:20tilt towards anyone and
30:23got the best from everyone
30:25highlighting the prime
30:27minister projecting the
30:28prime minister and his
30:29personal image not the
30:30country's interest here we
30:33are paying a price for 11
30:34years of self projection at
30:38the expense of the country
31:08and the current
31:13I have seen this
31:14and I have seen it
31:15in the front of the
31:16country and the
31:17government
31:18are the
31:19government
31:20and the
31:21government
31:22and the
31:24government
31:25and the
31:27government
31:29which
31:31have been
31:32on
31:33the
31:35We are currently standing at Bhatwadi where they have managed to fix one cave-in, a road
32:01link that connects Uttarkashi, the district headquarters, to Dharali village.
32:07As you can see, one cave-in has been fixed and now the vehicles are proceeding on it.
32:13There you see on your screens one car struggling there because you have to understand, wet mud
32:19has been tamped down by JCB and earth movers and the cars are expected or the vehicles are
32:26expected to move through this wet mud.
32:28It's slippery, it's treacherous but we managed to do it.
32:32We were the first team, India today was the first team to cross this patch after it was
32:37fixed up and now there is one more patch to be fixed.
32:41But before we show you all that, let's take a look at the big breaking news coming in right
32:45now.
32:46So, at Bhatwadi, the BR officials are working hard to fix all the broken roads.
32:59Currently, two linkages that need to be patched up.
33:02In the night, the operation continued for a very long time till 2 o'clock in the night.
33:07They thought that they had patched it up but then the earth came down and that was disastrous
33:12for them because they had to move back, they had to protect themselves and their equipment
33:17and then they resumed operations at 4 o'clock in the morning.
33:20And now, the current update, the latest update which happened just about 5 minutes ago is
33:27that the road has been fixed.
33:29One patch has been fixed, one still remains to be fixed and we were the first team in
33:34India today to cross it and we are hoping that soon this news will reach those stranded
33:39if possible and it will be a huge relief for them as well.
33:43And preparations are going on to ensure that the roads are fixed by cutting mountains and
33:49delay in opening the roads has been proving disastrous for the rescue operation because
33:54limited sources are reaching where they need to reach but the bridge that was washed away
34:00in Gangwani has not been fixed as yet.
34:03This will be done by the BRO as soon as these two patches are fixed.
34:13So, as we all know, a devastating flood in Dharali, in Uttarkashi washed away an entire village.
34:25Death rained upon them from the hills.
34:28It came down at great velocity and pace and washed away buildings, men, people, car, trees,
34:35everything that was in the way.
34:38As the sun set over that Himalayan village, the rescue operations could not be properly
34:43started.
34:44They are still attempting to reach that area.
34:47People are still trapped.
34:48Tons of rubble is lying over there.
34:51ITBP army and SDRF personnel are rummaging through everything that they can and trying
34:55to reach those who are buried underneath.
34:58Uttarakhand Chief Minister Pushkar Singh Dharali also visited the affected village of Dharali and
35:04met with those who are there, who are living, the families and the families of victims who
35:09are waiting for some hope.
35:12The army urged people to stand with the families and informed that arrangements are being made
35:16to provide best treatment to those who have sustained injury.
35:19So far, five deaths have been reported and over 190 people have been rescued to safety,
35:25but 15 are still considered missing and search will be resumed for them.
35:31Over 225 army personnel, including infantry and engineering teams, have reached the ground
35:36and there are continuous heli services which are taking man and material to the location
35:41and bringing back people.
35:42And the staff of the military is being carried out.
35:48We have a number of people who are living in the military and must have been killed.
35:53Everyone is making it in this process.
35:54All the agencies are meeting where SENA and ITBP and SDRF are meeting with their senior
35:56officials.
35:57Our ma island is one of the ones who are still being forgotten.
36:02They all are out of the people who are working towards the top and the others,
36:03the government is sitting at any stage.
36:05The government is standing there.
36:07The government is sitting with the government.
36:09So we are at Bhatwari and my colleague Ashutosh Mishra is also stationed here and he was capturing every single moment this road was being fixed and also when we crossed over, let's try and see what Ashutosh has sent as the latest ground report.
36:39So we are at Bhatwari and my colleague Ashutosh Mishra.
37:09So we are at Bhatwari and my colleague Ashutosh Mishra.
37:39So we are at Bhatwari and my colleague Ashutosh Mishra.
37:41So we are at Bhatwari and my colleague Ashutosh Mishra.
37:43So we are at Bhatwari and my colleague Ashutosh Mishra.
37:45So we are at Bhatwari and my colleague Ashutosh Mishra.
37:47So we are at Bhatwari and my colleague Ashutosh Mishra.
37:49July and my colleague Ashutosh Mishra was at Bhatwari and my colleague Ashutosh Mishra is working.
37:51However, a big�도 Arbeit is working.
37:53जब इसका इस्तेमाल हुआ तो यह पूरी सड़क मलबा केलियर कर दिया गया साफ हो गया है और आज तक उस जगे पर यह पहला वह इलाका सबसे पहले हमने तस्वीर दिखाए थी कि कैसे राहत बचाव कारे में जो सबसे बड़ी चुनोती थी वो थी कम्यूनिकेशन रीस्ट
38:23Actually, Madam, I will tell you that we have continued to work on the street.
38:29The whole night, we had three points.
38:33One is Papa Guard and one is on the street.
38:37One is on the street.
38:39We have connected three locations.
38:41One is on the street.
38:43Two is on the night.
38:46Papa Guard is on the street.
38:49We were hoping to open two hours.
38:51We went through three hours.
38:53We felt that the road was coming.
38:55We felt that the road was coming.
38:57It was happening in the middle of the street.
38:59We felt that the road was coming.
39:01We felt that the road was coming.
39:03We felt that the operator was coming.
39:07The driver was coming.
39:09We were on the street.
39:11We had a lot of people.
39:13But we knew that we didn't get out of the street.
39:15But last year, we reached the street to the city.
39:17That's how we reached the streets.
39:19Thank you very much.
39:49Thank you very much.
40:19Thank you very much.
40:49And what caused this very particular Uttarakhand landslide that we are looking at.
40:53Scenario number 1.
40:55Intense rainfall causes landslides in such hillitarians.
40:59Again, scenario number 2.
41:01Melting glaciers, which is indeed a very important problem in the Himalayan region that we are speaking of, results in loose rock and soil.
41:10Again, scenario number 3.
41:12Mountain mud and silt is moved down due to a glacial lake outburst, which is another problem that we have been reckoningly witnessing in the Himalayan region.
41:23With that, Anjali will be taking you back through all that has been happening from the ground there.
41:28Thank you, Shreya.
41:34So, as we know, this is a sensitive ecosystem and there are multiple scenarios as Shreya showed.
41:40But the good thing is now the BRO team is working at full pace to restore the road connectivity.
41:47Remember, it is the road connectivity that will prove to be a huge boon for the rescue operations.
41:54And currently behind me, as you can see, one road connectivity was fixed.
41:58But now it seems one vehicle has gone there and gotten stuck.
42:01This is a challenge for the BRO officials because as smaller vehicles try and cross, they might block the road.
42:10While we have to ensure that the rescue workers, vehicles, which are the big trucks, they are enabled and they are able to cross the road.
42:18So, that is important for us.
42:21What we need to understand is this system of creating roads from the wet mud is extremely complicated.
42:30They are cutting the mountain, bringing down fresh mud, rocks, silt and that could lead to uprooting of trees, fall or a fresh landslide, falling of rocks and the team is doing at a great peril.
42:44It's treacherous but they are still doing it because this is the only way we can ensure that relief material reaches the people who need it.
42:52And we have been here since the morning and we have seen that the team which came here at 4 in the morning have worked consistently without stopping, without taking a breather and they have managed to fix this road.
43:04And we are hoping this stuck car would soon be moving from here.
43:08Joining me now is Ashutosh Mishra, my colleague who is at the second link which is broken.
43:13He is almost there.
43:14We are at the first link which was patched and there was a moment when we crossed each other when India today became the first team to cross this link.
43:20Ashutosh, where are you?
43:23Can you show us what's happening and tell us how is that fixing of the second link happening?
43:31Well, Anjali, India today was also the first team to reach at the dead end.
43:34Finally, the dead end is over.
43:36We are now moving towards the another stretch.
43:38And I am told by the BR officials by later, by, you know, first half or maybe second half, by end of the second half, they will be able to restore the second stretch.
43:48Once it is restored, they have already, you know, advanced the heavy machineries.
43:53And those heavy machineries are bringing the material for the valley bridge.
43:58So once it is restored, the special engineers from the army are also on the way.
44:01So more likely by tomorrow, first half or second half, because it will take around six to eight hours, they will be able to restore a valley bridge.
44:08Once the valley bridge is stored, the idea is to reach at least three to four kilometer closer to Harshal or Dharali.
44:14Once you mobilize, then perhaps the place Litchi or somewhere near Harshal or Dharali, they will be able to set up a base camp.
44:20Once you set up a base camp or an operationalize, that will be eventually one of the, you know, the best thing could happen potentially.
44:26As we see the difficulties in this and the scale of devastation.
44:31So clearly that will be way more helpful.
44:33They will be able to mobilize more human resources subsequent to that machineries that will be required for the multiple phases of this operation.
44:40Because we have seen the first operation has been the evacuation.
44:43Second will be, of course, the rescue.
44:44Rescue is still underway.
44:46And the third stage will be the search operations.
44:48And fourth will be the relief operation.
44:50For those, all that require is the multiple phases would require machinery, human power, human effort,
44:55along with the mechanical efforts.
44:56And to mobilize the mechanical efforts, the restoring connectivity is very essential.
45:00So they've restored first stage.
45:02They are restoring the second stage.
45:03As we speak, there are also attempts being done in Harshal and Dharali to restore the electricity and, of course, the communication channels.
45:15Absolutely, Ashutosh.
45:16And we know that communication breakdown was almost complete.
45:20And when we had spoken to the army PRO, they had said that it was the satellite phones of the army that were proving to be beneficial at this moment.
45:27Because there was absolutely no way to speak to the people there.
45:31Or for that matter, even any rescue worker could not reach there.
45:34But Ashutosh, you went with the teams yesterday.
45:37That bridge that we are talking about, the belly bridge that the PRO will make.
45:42And for our viewers, the belly bridge is a metal bridge that they make at the last moment at very short duration of time.
45:48How important is that?
45:50And how will it prove beneficial for the rescue teams to reach ground zero, the right point?
45:56Well, until and unless you restore that valley bridge, because it was a concrete bridge, clearly it will be next to impossible to reach.
46:07For example, if I imagine this road is actually a river point, from this scale to another scale, there was a valley bridge.
46:13There was a concrete structure bridge with the capacity of hundreds of these tons.
46:18Now, just beyond these points, there is a waterfall, there is a valley and there is a river.
46:22So, clearly there is no other alternative that will make you accessible from this point to another.
46:28The only way is to restore the valley bridge.
46:30Now, the concrete bridge will take at least six to seven months.
46:33However, the army engineers are capable to make such kind of bridges to enable the vehicular movements or at least the light vehicular movements in few hours.
46:42So, it will take maximum, if you assume, is around 24 hours.
46:46So, that's exactly why the army engineers have been called in.
46:48The material have been already mobilized.
46:50Stretch has been completed.
46:51At the moment they open, they are able to open another stretch.
46:55We will see another 24 hours heavy mobilization, heavy machinery moving towards Gangwani and from Gangwali to further Litchi towards Harshal and Dharali.
47:08Absolutely.
47:09Thank you, Ashutosh, for all those details.
47:11So, as we were talking, that boulder, I will just quickly show you, we have just 10 seconds.
47:16That boulder fell down from up there.
47:18So, this is a sensitive area.
47:20We have to appreciate that and we have to respect nature.
47:23Although we are trying to restore this link, but we have to remember, nature could have its own plans.
47:27So, we can only hope and pray for best.
47:29That's all we have for you in this bulletin.
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