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New Delhi, June 27: Former US President Donald Trump on Thursday hinted at a potentially “very big” trade deal with India, weeks after closed-door negotiations between the two countries concluded in Washington.

Speaking at the Big Beautiful Event at the White House, Trump said, “We just signed with China yesterday. We have some great deals. One may be coming up with India — a very big one.” He added that the US would not pursue trade deals with every country, suggesting a selective, strategic approach.

The four-day negotiations focused on expanding market access, reducing tariffs, and addressing non-tariff barriers across industrial and agricultural sectors. The Indian delegation was led by Commerce Ministry’s Rajesh Agrawal, while the US side was headed by officials from the Office of the US Trade Representative.

Sources say the proposed deal aims to boost bilateral trade from $190 billion to $500 billion by 2030.

Union Commerce Minister Piyush Goyal confirmed that talks are ongoing to strike a “fair, equitable, and balanced” agreement. “PM Modi and President Trump met in February 2025 and agreed on the importance of a mutually beneficial trade pact,” he said.

Earlier this month, US Secretary of Commerce Howard Lutnick also indicated that the deal could be finalized soon, noting that both countries are finding common ground.

US-China Deal Also Signed

Trump also mentioned a new trade agreement with China, signed a day earlier, focused on accelerating rare earth shipments to the US. According to a White House official, the pact includes a framework tied to the Geneva agreement, following a period of heightened tensions and stalled trade between the two countries.

Dubai, June 27: HDFC Bank, India’s largest private lender, is under scrutiny in the UAE over allegations it sold high-risk Credit Suisse AT1 bonds to retail investors in violation of regulatory norms.

The bonds — complex instruments meant only for experienced or high-net-worth clients — were wiped out in March 2023 during Credit Suisse’s emergency merger with UBS. Several investors claim HDFC Bank relationship managers misrepresented these as safe, forged financial documents to meet eligibility criteria, and failed to disclose crucial risks.

Dubai resident Varun Mahajan says he lost $300,000 in savings and alleges the bank inflated his net worth to bypass DFSA rules. Another investor, NS from the Philippines, claimed he was sold AT1 bonds using a leverage loan he never applied for. Others, including Indian national Pankaj Sinha and South Africa-based AT, described similar misrepresentation, unauthorized document changes, and manipulation of KYC data.

Legal complaints have been filed in India, the UAE, Bahrain, and DIFC. Investors accuse the bank of misleading them and exposing them to losses running into millions of dollars.

In response, HDFC Bank denied any wrongdoing, stating it follows strict processes and takes action against malpractice. The DFSA has declined to comment due to legal confidentiality.

Internal sources say several HDFC executives have recently resigned, and the Dubai offshore head has been replaced, raising questions about accountability.

Experts say the case exposes regulatory gaps across jurisdictions and may prompt closer scrutiny of how banks operate across borders.

Mangaluru/Udupi, July 5: In a significant step towards expanding bilingual education in Karnataka, the state government has approved the introduction of English medium sections in 115 government schools in Dakshina Kannada and 45 schools in Udupi. The approvals are part of a broader plan to launch English instruction in 4,134 government primary schools across the state starting from the 2025–26 academic year.

This move aims to enhance English language skills among students in rural and semi-urban areas without displacing Kannada as the foundational medium of instruction.

Dakshina Kannada: Bilingual Schools Rise to 238

With the addition of 115 new schools, Dakshina Kannada now has a total of 238 government schools offering bilingual instruction. Previously, the district had received approvals in phases:

2019–20: 48 schools
2020–21: 34 schools
2024–25: 38 schools
2025–26 (new): 115 schools

Taluk-wise breakup of new approvals:
Bantwal – 20
Belthangady – 16
Mangaluru North – 15
Mangaluru South – 16
Moodbidri – 15
Puttur – 18
Sullia – 15

Separate sections for Kannada and English medium will be operated based on student demand, and trained teachers will be deployed accordingly. The district currently has 892 government schools in total.

Schools were selected based on enrolment numbers, with the highest-enrolled schools in each taluk prioritized.

Udupi: 45 Schools to Introduce English Sections

In Udupi district, 45 schools from the Kundapur, Byndoor, and Karkala zones have been cleared to begin English medium instruction alongside Kannada. According to Block Education Officer Shobha Shetty, these schools will start implementing English sections within this academic year itself, with support from SDMCs and local communities.

Kundapur Zone includes schools in Gangolli, Haladi, Moodlakatte, and Kodi.

Byndoor Zone includes schools in Tarapathi, Hemmadi, Kodery, and Medical Uppunda.

Karkala Zone includes schools in Ajekaru Marne, Jarkala, Kairabetta, and others.

“The government order has been received. English instruction will begin this year using available infrastructure. Additional facilities will be added in phases,” said BEO Shobha Shetty.