tirupati l friday l april 04, 2025 l `9.00 l PAGES 12 l late city EDITION India and Thailand elevate ties to a strategic partnership PM Narendra Modi met his Thai counterpart on Thursday where the two countries agreed to turrn their ties into a strategic partnership ALL for development, not expansionism cooperation in tourism, education Prime Minister Narendra Modi after meeting his former Thai counterpart Thaksin Shinawatra and Thailand PM Paetongtarn Shinawatra asserted that both countries support a free, open, inclusive, and rules-based order in Indo-Pacific, and believe in a policy of development, not expansionism. Modi described the meeting as a ‘delight’ ■ ■ India emphasised cooperation in the fields of tourism, culture, and education between India’s northeastern states and Thailand The Prime Minister will later join BIMSTEC leaders from Thailand, Bangladesh, Sri Lanka, Nepal, Myanmar and Bhutan to oversee the signing of an agreement on Maritime Cooperation in the region $16 billion is the volume of bilateral trade between india, thailand in 2023 CHENNAI ■ MADURAI ■ VIJAYAWADA ■ BENGALURU ■ KOCHI ■ HYDERABAD ■ VISAKHAPATNAM ■ COIMBATORE ■ KOZHIKODE ■ THIRUVANANTHAPURAM ■ BELAGAVI ■ BHUBANESWAR ■ SHIVAMOgGA ■ MANGALURU ■ TIRUPATI ■ TIRUCHY ■ TIRUNELVELI ■ SAMBALPUR ■ HUBBALLI ■ DHARMAPURI ■ KOTTAYAM ■ KANNUR ■ VILLUPURAM ■ KOLLAM ■ TADEPALLIGUDEM ■ NAGAPATTINAM ■ THRISSUR ■ KALABURAGI Manipulation, fraud SC invalidates jobs of 26K West Bengal teachers India brazens out US reciprocal tariff Sees opportunities amid challenges in Trump’s 27% levy S u c h i t r a K a lya n M o h a n t y @ New Delhi D IPAK M O N D A L @ New Delhi IN a major setback to the Mamta Banerjee govt, the Supreme Court on Thursday in its verdict upheld the Calcutta HC’s decision to cancel 25,753 teachers appointments in West Bengal govt schools, terming the entire selection process as “vitiated by manipulation and fraud”. A two-judge bench led by the Chief Justice Sanjiv Khanna and Justice PV Sanjiv Kumar refused to interfere with the Calcutta High Court’s decision of April last year. The court passed the ruling on Thursday on an appeal filed by the West Bengal government against the Calcutta HC’s order invalidating and cancelling the appointment of 25,753 teachers made by the state’s SSC in state-run govt schools. “We have gone through the facts. Regarding findings of this case, the entire selection process is vitiated by manipulation and fraud and credibility and legitimacy is denuded. No reason to interfere. Tainted candidates must be terminated and appointments were resultant of cheating and thus fraud,” the top court said in its judgment. In April 2024, the Calcutta HC had cancelled the appointment of 25,753 employees (both teaching and non-teaching) to stateaided schools. india may have escaped with a milder ‘reciprocal’ tariff but the brute force of US President Donald Trump’s import levy could shake up the country’s economic prospects. Trump, in the wee hours on Thursday, announced reciprocal tariffs ranging from 10% to 49% on countries with which the US has trade deficit. He imposed a baseline tariff of 10% on all imports (effective April 5) and specific reciprocal tariffs on multiple countries (effective April 9). Some sectors, such as pharmaceuticals, semiconductors, copper, and energy products, will remain exempt from additional tariffs. India has a trade surplus of $35 billion with the US and Indian goods will attract 27% tariff. While this is lower than 54% on China, 46% on Vietnam, 37% on Bangladesh, and 36% on Thailand, it is still higher than what was expected. “We had expected 10-15% additional tariff,” said Ajay Sahai, CEO, Federation of Indian Export Organisations. He said exports of seafood and carpets are among the most impacted. Trump had initially put the tariff for India at 26%, but the White House later clarified that this would be 27%. While in relative terms India has an edge over its Asian peers, the gains would be limited, say analysts. The additional cost of higher tariffs is likely to be passed on to consumers, leading to an increase in prices and muted demand over the medium term, triggering a slowdown. Meanwhile, the Indian government on Thursday said it is carefully examining the implications of reciprocal tariff. The commerce ministry said it is also looking at the opportunities that may arise due to the new development. MARKETS BLEED 5.38% S&P 500  4.16% Dow Jones  3.29 Nikkei 2.77% Hang Seng  1.52% Sensex  0.42% Nasdaq (Early trade figures for US markets) WHAT TO EXPECT Analysts flag global recession fears India’s FY26 GDP growth may slip 50-100 bps from expected levels AM/NS captive port gets Cabinet approval S G u r u S r i k a n t h @ Vijayawada The Andhra Pradesh Cabinet meeting, chaired by Chief Minister N Chandrababu Naidu, has approved a captive port for ArcelorMittal Nippon Steel India Private Limited (AM/NS India), which is establishing a steel plant with a capacity of 17.8 million metric tonnes per annum at Rajayyapeta in Anakapalli district. This pivotal decision, taken at the e-cabinet meeting held at the State Secretariat in Amaravati on Thursday, underscores the State’s push towards industrialisation and job growth. The steel plant, a collaboration between global steel leader ArcelorMittal and Japan’s Nippon Steel, will be rolled out in two phases with a combined investment of `1.35 lakh crore. The State Cabinet greenlit the 2.9 km waterfront captive port for AM/NS India at DL Puram village in Anakapalli district, modifying the concession agreement with Kakinada Gateway Port Limited (KGPL) to facilitate P4 the project.  Govt to cancel 15.1 acres given for film studio E x p r ess Ne w s S e r v i c e @ Visakhapatnam The State government has decided to cancel the alienation of 15.17 acres from the total 34.44 acres assigned to Suresh Productions Pvt Ltd at Madhurawada village in Visakhapatnam Rural Mandal.   The government has initiated action against Suresh Productions for violating land use conditions. The company, which was originally allotted 34.44 acres for the establishment of a film studio and allied industries, attempted to convert part of the land into a resiP4 dential layout.  Heated debate on Waqf in Rajya Sabha RA J E S H KU M AR THAKUR @ New Delhi The Rajya Sabha witnessed heated debate on the Waqf (Amendment) Bill, 2025, hours after Lok Sabha passed it in the wee hours of Thursday . The debate, which continued late into the night, saw participation from more than 35 members. Introducing the bill, Union minister Kiren Ri- jiju rejected the Opposition’s claims that the legislation would infringe upon Muslim rights. He asserted that the amendments were made to make the law more inclusive, adding they aimed at improving the representation of women on the Waqf Board and protecting the rights of all Muslim sects. However, the Opposition termed the bill “unconstitu- tional” and accusing the government of aiming to deprive Muslims of their rights concerning Waqf properties. Leader of the Opposition Mallikarjun Kharge, in his pushback rejected the claims about the bill’s benefits. “There is nothing new except the clauses that will destroy the people,” he said, dismissing it as having no real welfare provisions for Muslims.