China on Friday said the Shanghai Cooperation Organisation (SCO) summit to be held in Tianjin later this month will be the largest in the bloc's history, with 20 world leaders, including Prime Minister Narendra Modi, attending it.
The PM emphasised that he has himself met leaders of both Russia and Ukraine and also pointed to his 'this is not an era of war' remark that he made in the presence of Russian President Putin.
The formulations in the declaration in reference to terrorism is going to be to our "satisfaction", Dammu Ravi, secretary (economic relations) in the external affairs ministry said on Monday.
"For instance, you generally buy your military gear from Russia. That's a way to kind of get under the skin of America, if you go to buy your armaments from Russia."
President Trump threatens to impose a 10% tariff on countries aligning with BRICS anti-American policies. This follows BRICS criticism of increased tariffs. Trump also announced tariff letters to various countries.
From labelling India the 'Tariff King' to slapping sweeping import duties, US President Donald Trump has steadily hardened his trade stance on India. These announcements are being seen as a pressure tactic to get New Delhi to agree to demands made by the US in the proposed Bilateral Trade Agreement (BTA).
The legendary Mikoyan-Gurevich MiG-21 fighter jets, the the backbone of the Indian Air Force's combat fleet for more than six decades, streaked through Indian skies for the last time on Friday -- its final adieu edged in history and many a remembrance.
In trade negotiations, as in chess, sometimes you need to accept a temporary disadvantage to secure a better long-term position, points out Sonal Varma, chief economist (India and Asia ex-Japan) at Nomura.
Trump stated that Russia will face "severe economic consequences" if Putin doesn't show interest in de-escalating the Ukraine conflict.
A top military official has revealed details about India's proposed air defence system, Sudarshan Chakra, describing it as a comprehensive system that will include counter-drone, counter-UAV, and counter-hypersonic capabilities.
Amid trade tensions between Delhi and Washington, the NYT article gives an account of how relations between Trump and Modi "unraveled" after Trump's repeated claims of solving the four-day conflict in May between India and Pakistan, an assertion denied by India.
India's exports rose 6.7 per cent to $35.1 billion in August annually, while imports declined 10.12 per cent to $61.59 billion, according to government data released on Monday. Gold imports were down nearly 56 per cent in August, helping to trim merchandise trade deficit to $26.49 billion in August, as against $35.64 billion in the year-ago month.
Amidst ongoing efforts to resolve the Russia-Ukraine conflict, Russian Ambassador to India Denis Alipov stated that Moscow is "prepared to sit in a trilateral format" for peace talks. Alipov also expressed optimism about the current US administration's approach to the conflict, suggesting a willingness to engage in dialogue. He highlighted the importance of a peaceful resolution while emphasizing that Russia is prepared to continue the war if necessary. Alipov stated that Russia does not expect anything specific from India in terms of mediation and highlighted the strong bilateral relationship between the two countries.
President Trump says the US is close to a trade deal with India, while also claiming to have stopped a war between India and Pakistan.
'What India has done will surely embolden more countries to stand up to Trump.'
Taking to social media platform X, Dmitriev said, "Russia confirms Putin-Trump summit may happen next week and summit preparations are ongoing. This can be a historic meeting. Dialogue will prevail."
'Trump is not shy when he is frustrated with countries'
US President Donald Trump reiterated his claim that he "settled" the conflict between India and Pakistan, suggesting it averted a potential nuclear war. He also claimed that several planes were shot down during the conflict.
'The longer India hangs out to dry, the worse the New Delhi-Washington relationship gets.'
The point to note for India is that we must not panic. The United States may be our largest export destination, but high tariffs will not exactly mean gloom and doom. Sure, we can throw some morsels as we continue negotiating, but we must be firm that some red lines cannot be crossed, no matter what, asserts Shreekant Sambrani.
Trump's one-on-one meetings with Putin during his first term were clouded with mystery. With only a translator inside the room, it was often unclear what exactly was discussed. Aides had a difficult time ascertaining if the two reached any agreements. After one such meeting, in Germany, Trump asked his interpreter to discard his notes.
Gold prices are expected to maintain their upward momentum though some consolidation could set in ahead of the US Federal Reserve's policy decision on September 17, analysts said. Traders will focus on the trade inflation data to gauge the impact of tariffs, inflation numbers from major economies including UK and Euro zone, along with monetary policy meetings of Bank of England and Bank of Japan which will provide more guidance for bullion prices, they added.
Indian and Russian officials have discussed Indian-Russian cargo transit along the Northern Sea route, joint projects in Arctic shipbuilding and possible training of Indian sailors for polar navigation.
The delegation will now head to Ljubljana, capital of Slovenia, where they are expected to arrive on Sunday. Member of the delegation, Brijesh Chowta left earlier for Ljubljana.
Plans for big bang reforms in the GST regime by Diwali, the Putin-Trump summit and S&P upgrading India's sovereign credit rating are likely to instil optimism in the domestic equity market in the week ahead, analysts said. Besides, trends in global markets and the trading activity of foreign investors would also impact domestic investors' sentiment.
'We should watch -- in the near term -- for signs that the two have totally fallen out at a personal, political level.' 'Trump and Modi know how to be dealmakers, but they also know how to hold a grudge.'
Hindi Diwas was observed across India with leaders emphasizing Hindi's role as a unifying factor and the need to enrich all Indian languages. Events were held in India and abroad to promote the language.
United States President Donald Trump has warned that countries aligning with the BRICS economic bloc will face additional 10 per cent tariffs on their goods, as he seeks to protect the dollar's global dominance.
Gold prices are likely to remain in a consolidation phase in the near term, but the overall bias will continue to stay positive amid heightened expectations of a US Federal Reserve rate cut in its September policy meeting, analysts said. Traders will closely track US macroeconomic data, such as Q2 GDP, PCE inflation, and speeches from Fed officials, which will provide more insights into the monetary policy stance of the Federal Reserve and the trajectory of the bullion sentiment, they added.
The Border Security Force (BSF) is training specialized 'drone commandos' and 'drone warriors' for modern warfare, with plans to deploy them in missions like Operation Sindoor. A 'School of Drone Warfare' has been inaugurated to provide training in UAV operations, anti-drone warfare, and surveillance.
'There is definitely tepid demand because of the (reciprocal tariff) uncertainty.'
President Donald Trump on Tuesday claimed that BRICS was established to "hurt" the US and "degenerate" the dollar as he warned that the member countries of the bloc would face a 10 per cent tariff. Trump made the remarks while talking to reporters at the sixth Cabinet meeting at the White House.
World Junior champion Pranav Venkatesh scored a crushing victory over Grandmaster Alan Pichot of Spain to win the Fujairah Global Superstars chess tournament.
The recent conflict between India and Pakistan was among the issues figured during a phone call between Russian President Vladimir Putin and US President Donald Trump, according to a Kremlin aide.
The relations between New Delhi and Washington are on a downturn after Trump doubled tariffs on Indian goods to a whopping 50 per cent, including 25 per cent additional duties for India's purchase of Russian crude oil.
'Modi's a great leader... But I don't understand why he's getting into bed with Putin and Xi Jinping...'
'Prime minister is expected to hold some bilateral meetings on the sidelines of the SCO summit.'
Prime Minister Narendra Modi is expected to visit Japan and China starting around August 29. The visit to China would be his first after the Ladakh border standoff.
India's annual oil import bill could rise by $9-11 billion if the country is compelled to move away from Russian crude in response to US threats of additional tariffs or penalties on Indian exports, analysts said. India, the world's third-largest oil consumer and importer, has reaped significant benefits by swiftly substituting market-priced oil with discounted Russian crude following Western sanctions on Moscow after its invasion of Ukraine in February 2022.
Prime Minister Narendra Modi was offered a lift by Russian President Vladimir Putin in his AURUS limousine to reach the venue of their bilateral talks on the sidelines of the Shanghai Cooperation Organisation (SCO) summit in Tianjin on Monday.
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