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

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 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.”

Indian Foreign Minister Subrahmanyam Jaishankar and his Chinese counterpart Wang Yi on Monday (Aug 18) discussed border peace, trade and bilateral exchanges, aiming to strengthen c

P rime Minister Narendra Modi on Monday met Group Captain Shubhanshu Shukla, the Indian Air Force test pilot and astronaut who recently returned from the Ax-4 mission to the International Space Station (ISS).

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.

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

Development our fate... one milestone at a time,” said PM Modi while inaugurating the Dwarka Expressway and the Urban Extension Road-II in Delhi

Mr Modi did not mention the tariffs or the US in his speech that lasted nearly two hours. Last week, US president Donald Trump imposed an additional 25 per cent tariff on Indian goods, citing New Delhi's continued imports of Russian oil in a move that sharply escalated tensions between the two nations.

India’s Prime Minister Narendra Modi on Friday said the nation will announce reforms in Goods and Services Tax in the coming months, a move that will significantly lower prices of everyday use items.

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