Markets welcomed the news of proposed tax cuts set to bolster domestic consumption in India, which faces the prospect of steep U.S. tariffs.

Chinese foreign minister Wang Yi has arrived in New Delhi on August 18, amid India-US tariffs tensions to meet Prime Minister Narendra Modi.

India and China are aware of the “very high political, economic and military cost of frozen relations,” he says. “China felt it had pushed India too close to the U.S. while India realized that it was losing its vaunted strategic autonomy by getting too close to Washington and turning Beijing into an adversary.”

India aims to slash taxes on small cars and insurance premiums as part of a sweeping reform of its goods and services tax (GST), a government source said on Monday, sparking a rally in Indian stock markets.

India has consistently called for a peaceful resolution of the Ukraine conflict and supports all efforts in this regard.

India expects consumption tax cuts announced by Prime Minister Narendra Modi will give a boost to the economy without hurting the government’s fiscal deficit, helping to offset the fallout from higher US tariffs.

India semiconductor chips will hit the market by the end of 2025, revealed the Indian PM on the 79th Independence Day

Vice President candidate CP Radhakrishnan is likely to file his nomination on August 20 and is expected to be felicitated at the meeting of the NDA parliamentary party on Tuesday.

"The bear hugs have gone. The smiles have curled into sneers." The former friendship between Donald Trump and Indian PM Narendra Modi has descended into acrimony, said Amrit Dhillon and George Grylls in The Times.

During his Friday speech, Modi also hinted India would continue its unilateral suspension of the Indus Water Treaty. The treaty, which India suspended after the April massacre, allows sharing of the Indus River that runs about 2,897 kilometers (1,800 miles) through South Asia and is a lifeline for both countries.

Prime Minister promises first local silicon will appear this year, decades after Fairchild Semi's Robert Noyce made polite inquiries