Thu Jul 24 16:30:56 UTC 2025: **Headline: India and UK Ink Historic Trade Deal; Political Gridlock Continues in Parliament**

**New Delhi, India – July 24, 2025** – India and the United Kingdom have finalized a landmark trade agreement, hailed as a major step towards bolstering economic cooperation and mutual prosperity between the two nations. The agreement, announced today by Prime Minister Narendra Modi in London, is projected to increase bilateral trade by a substantial 39%, amounting to $34 billion annually by 2040.

Key sectors expected to benefit from the deal include Indian textiles, gems and jewelry, and Micro, Small and Medium Enterprises (MSMEs). Indian consumers can also anticipate lower prices for medical devices and aircraft parts. Accompanying the trade agreement is “Vision 2035,” a strategic framework designed to foster collaboration in critical areas such as defense, technology, climate action, education, and strengthened people-to-people connections.

Meanwhile, across the Atlantic, former U.S. President Donald Trump has sought to clarify recent statements concerning his stance on federal subsidies for Elon Musk’s businesses. Addressing concerns on Truth Social, Trump explicitly stated his intention to support American businesses, including those led by Musk, ensuring their continued success. His comments follow earlier allusions to the Department of Government Efficiency (DOGE), an agency linked to Musk, which had fueled speculation of potential political retaliation.

Back in India, parliamentary proceedings remain at a standstill for the fourth consecutive day as both the Lok Sabha and Rajya Sabha were adjourned amid persistent Opposition protests. The primary catalyst for the disruption is the demand for the withdrawal of the Special Intensive Revision (SIR) of electoral rolls in Bihar. Members of Parliament have also voiced their desire for debates on the recent Pahalgam terror attack and Operation Sindoor. However, a positive development has emerged, with both Houses agreeing to a 16-hour debate on Operation Sindoor next week, offering a potential avenue for resolution.

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