Deloitte on Thursday projected economic growth at 6.5-6.7 per cent for the current fiscal, as tax incentives provided in the Budget are expected to push domestic demand amid an uncertain global trade environment. Deloitte estimated India's GDP growth at 6.3-6.5 per cent for FY25 and said that the economic outlook for FY26 hinges on a delicate balance between evolving trade relations and government efforts to boost domestic consumer demand.
The announcement on expansion of CPEC was made following a meeting among Chinese Foreign Minister Wang Yi, his Pakistani counterpart Ishaq Dar and Afghanistan's Acting Foreign Minister Amir Khan Muttaqi in Beijing, according to a Pakistani readout.
The Attari-Wagah border crossing point between India and Pakistan was shut completely on Thursday following a week-long heavy rush of people from either side to cross over after the Union government ordered all Pakistani citizens with short-term visa to leave India in the wake of the Pahalgam terror attack, sources said.
The US has issued a 'Do Not Travel' advisory for Jammu and Kashmir citing potential for terrorist attacks and violent civil unrest. The advisory, issued on Wednesday, comes a day after a deadly terror attack in Pahalgam that killed 26 people, mostly tourists. The advisory also warns against traveling within 10 kilometers of the India-Pakistan border.
Dar's statement, echoed by another federal minister, came as the Indian and Pakistani militaries targeted each other's installations using missiles in the last more than 12 hours, further escalating the already tense conflict situation.
India's Foreign Secretary Vikram Misri has underscored the importance of not equating the victims and perpetrators of terror attacks, highlighting the need for global unity in combating terrorism. Speaking at Raisina Tokyo 2025, Misri expressed appreciation for Japan's support following the recent terror attack in Pahalgam, India. He also cautioned against the trend of some Western countries hyphenating India and Pakistan in the context of their recent military confrontation. Misri further outlined India's economic aspirations and its commitment to becoming a factor of stability in a turbulent world.
India's fresh restrictions on limiting access to Bangladeshi exports appear to be in response to Dhaka denying certain value-added items from the Northeast to enter that country through the land transit points.
The United Nations Security Council (UNSC) has strongly condemned the terrorist attack in Jammu and Kashmir, urging that those responsible be held accountable and brought to justice. The Council issued a press statement expressing its deepest sympathy to the victims' families and calling for all states to cooperate in combating terrorism. UN Secretary-General Antonio Guterres also expressed concern about the situation, urging India and Pakistan to exercise restraint.
India has closed its airspace to flights operated by Pakistani airlines in a retaliatory move following the Pahalgam terror attack. The ban will be in effect until May 23 and applies to all aircraft registered in Pakistan, as well as planes operated, owned or leased by Pakistani airlines and operators. This comes a week after Pakistan closed its airspace to Indian carriers. The move is part of various measures taken by the Indian government against Pakistan in the wake of the Pahalgam terror attack that killed 26 people.
Chief of Air Staff Air Chief Marshal A P Singh on Thursday flagged serious concerns over inordinate delays in various defence acquisition projects and failure to stick to delivery schedules for supply of key platforms even as he hailed Operation Sindoor as a 'national victory'.
India has secured international support in its fight against terrorism, with Russia, Japan, and the United Arab Emirates expressing solidarity and a commitment to working together to combat the threat. This follows a recent terrorist attack in Pahalgam, India, which claimed 26 lives. Multi-party parliamentary delegations from India briefed the leaderships of these countries on Operation Sindoor, India's response to the attack, and discussed ways to enhance cooperation in counter-terrorism and combating radicalism. These developments highlight the growing global consensus against terrorism and the importance of international collaboration to address this shared challenge.
India shouldn't play Pakistan even at ICC events till terrorism ends: Gambhir
China on Tuesday called for a 'comprehensive and lasting ceasefire' between India and Pakistan, urging both countries to properly handle their differences through dialogue.
Among Sensex firms, Eternal, Tata Motors, State Bank of India, Adani Ports, NTPC, IndusInd Bank, Bajaj Finance, Asian Paints, Axis Bank and Sun Pharma were the major losers. Bharti Airtel, Tata Steel, Mahindra & Mahindra, Hindustan Unilever, Nestle and Maruti were among the gainers.
For the first time, the Data Security Council of India assembled a joint task force to source threat intelligence at the origin and ensure coordinated action across the cybersecurity spectrum.
India has opposed the International Monetary Fund's (IMF) proposal to extend fresh loans of USD 2.3 billion to Pakistan, citing concerns that the funds could be misused for financing state-sponsored cross-border terrorism. India abstained from voting at the IMF meeting, expressing concerns about Pakistan's track record and the possibility of debt financing being misused for terrorism. The IMF took note of India's statements and its abstention from the vote. India's opposition comes at a time when military conflict between India and Pakistan has intensified following a terrorist attack in Kashmir.
The firing exchanges are taking places in five districts out of seven border districts of Jammu and Kashmir. So far, there has been no firing reports along International Border in Samba and Kathua districts.
India's trade relations with Turkey and Azerbaijan are expected to come under strain due to Ankara and Baku backing Islamabad and condemning India's recent strikes on terror camps in Pakistan. Following their support to Pakistan, calls for boycotting Turkish goods and tourism have surfaced across the country, with online travel platforms such as EaseMyTrip and Ixigo issuing advisories against visiting these nations.
Even Prime Minister Narendra Modi told US Vice President JD Vance on May 9 that Indian response will be "more forceful, stronger, devastating" in response to Pakistani actions, the sources said.
Test cricket would have been a "far blander place" without Kohli: Vaughan
"It is shocking to note that Turkey, the second-largest arms supplier to Pakistan after China, has played a key role in modernising Pakistan's navy and enhancing its aerial warfare capabilities. "This defence collaboration is not just commercial; it is ideological, targeting the stability of South Asia and emboldening Pakistan's military adventurism," SJM national co-convenor Ashwini Mahajan said in a statement.
Iranian Foreign Minister Abbas Araghchi visited Pakistan and called on both India and Pakistan to "exercise restraint" amid rising tensions between the two countries following the Pahalgam terror attack. Araghchi, who is scheduled to travel to India on Thursday, emphasized the importance of easing tensions and preventing further escalation. During his talks with Pakistani officials, Araghchi and Pakistani Foreign Minister Bilawal Bhutto Zardari reaffirmed their commitment to strong Pakistan-Iran ties and agreed to boost cooperation in trade, energy, and connectivity. Both sides also exchanged views on the situation in South Asia and the US-Iran talks, while agreeing that complex regional issues could be resolved through diplomacy and negotiations.
India will not provide any duty concessions on British wines and is offering only limited import duty benefits on UK beer under the free trade agreement (FTA) between the two countries, announced on May 6, according to an official. The other sensitive agri products where India will not offer any reduction in the import duty include dairy products, apples, cheese, oats, animals and vegetable oils under the agreement with the United Kingdom.
'We're noticing all surface-to-missile sites that were just sitting there ready to go.'
As per the current plan, Hyderabad is likely to host Qualifier 1 and the Eliminator, while Kolkata is expected to stage Qualifier 2 and the Final, tentatively scheduled for May 30 or June 1.
In the letter issued, considering the last night attacks by Pakistani forces in Jammu and Jaisalmer regions, the provision also authorises the use of local authority funds for such emergency measures, giving them precedence over other financial obligations.
The reopening brought a sense of relief to students, teachers, and parents across the region.
A series of blasts took place in Srinagar city as the security agencies brought down a drone that was seen hovering over Batwara area of the city, close to an army installation, officials said.
India will conduct nationwide civil defense mock drills on Wednesday, including air-raid warning sirens and training civilians to protect themselves in the event of a "hostile attack." The drills come amid rising tensions with Pakistan following the Pahalgam terror attack. The Ministry of Home Affairs has instructed all states and union territories to participate in the exercise, which will be conducted up to the village level.
"As long as PoK exists, terrorist activities will continue. I request Prime Minister Narendra Modi that if Pakistan does not hand over PoK, we must declare war against them," Athawale said, calling for another surgical strike against the neighbouring country.
'We believe that in the new world order FTAs or bilateral trade agreements (BTAs) are the way forward.' 'They are enablers for our participation in global value chains. Today, around 70 per cent of global trade is tied to these chains.'
'Unfortunately, India and Pakistan could learn a 'lesson' from this conflict that will make them more likely to use these weapons against each other in the future.' 'Rounds of missile and drone attacks could be more routine features of their hostility, just like artillery fire has become a familiar fact of life along the Line of Control.'
Acutely conscious that he's left with less than four years to create his legacy, Trump is undoubtedly a man in a hurry, observes Ambassador M K Bhadrakumar.
Vice President J D Vance has said that the United States hopes that India will respond to the Pahalgam terrorist attack in a way that does not lead to a 'broader regional conflict' and expects Pakistan to 'cooperate' with New Delhi to 'hunt down' militants sometimes operating from their soil.
Raj Kumar Thapa, additional district development commissioner, Rajouri, and his two staff members were seriously injured when an artillery shell hit his official residence in Rajouri town, the officials said.
The western Rajasthan experienced a complete blackout and sirens were sounded multiple times, particularly in Barmer, to alert residents.
India has lodged a strong protest with Canada over the "threatening language" and "unacceptable imagery" targeting Indian leadership at a parade held in Toronto. The floats at the parade reportedly featured pro-Khalistan propaganda and imagery attacking Indian leaders, including Prime Minister Narendra Modi. India conveyed its concerns to the Canadian High Commission in New Delhi, calling on Canadian authorities to act against "anti-India elements" who are spreading hatred and advocating extremism and a separatist agenda. This incident comes days after Canadian Prime Minister Mark Carney's victory in the general election, which was seen as an opportunity to repair India-Canada ties that had been strained under Justin Trudeau's leadership. The two countries have been grappling with strained relations since Trudeau's allegations in September 2023 of the "potential" involvement of Indian agents in the killing of Hardeep Singh Nijjar on Canadian soil.
The International Monetary Fund (IMF) has slapped 11 new conditions on Pakistan for the release of the next tranche of its bailout programme and warned that tensions with India could heighten risks to the scheme's fiscal, external, and reform goals, according to a media report on Sunday.
The United States stands strong with India against terrorism and Prime Minister Narendra Modi 'has our full support', the State Department said underlining that Secretary of State Marco Rubio urges India and Pakistan to work towards a responsible resolution that maintains long-term peace and regional stability in South Asia.
Pakistan on Wednesday handed over Border Security Force (BSF) jawan Purnam Kumar Shaw, apprehended on April 23, to India via the Attari-Wagah border front in Punjab, the force said.
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