India under fire for corrupt corporate sector’s practices globally
Trump punishes India by announcing new reciprocal tariffs
Islamabad: India is facing global criticism for its corporate sector’s unethical practices including misconduct, espionage links and exploitative trade practices exposed by United States, United Kingdom, Canada and Norway .
According to Kashmir Media Service, a few days ago, the US sanctioned 22 entities and 13 vessels, including four Indian firms—BSM Marine LLP, Cosmos Lines Inc, Austinship Mgmt Pte Ltd, and Flux Maritime LLP—for facilitating Iran’s petroleum trade.
Meanwhile, the UK blacklisted Inussia Pvt Ltd for engaging with Russia, further underscoring India’s failure to regulate its global trade activities.
Canada has also accused Ankit Srivastava, vice-chair of Srivastava Group, of running a pro-India disinformation campaign and influencing Canadian politicians through fake media. This follows India’s inability to prevent espionage activities, as seen in the August 2023 arrest of Canada-based businessman Rahul Gaggal for leaking defense documents.
Norway’s central bank also added to India’s global troubles by expelling Adani Ports from its $1.5 trillion wealth fund over human rights violations.
Adani’s dealings in Myanmar were found to be in violation of Western sanctions, exposing India’s corporate sector’s unethical practices.
In another major blow, U.S. President Donald Trump announced new reciprocal tariffs against India starting April 2, citing its unfair trade practices. He particularly highlighted India’s excessive auto tariffs exceeding 100%, worsening the $45.7 billion trade deficit between the two nations. The move signals a breakdown in trust, as the US challenges India’s trade policies that favor its own exports while restricting American goods.
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