CPI(ML) Liberation general secretary Dipankar Bhattacharya has strongly criticised the newly introduced Merchant Discount Rate (MDR) on select UPI transactions, labelling it a "UPI tax" and demanding its immediate rollback. He drew parallels with demonetisation, arguing that the new framework would negatively impact small shopkeepers, MSMEs, and ordinary citizens by increasing prices.
A Parliamentary Standing Committee on Commerce has urged the Indian government to swiftly conclude the proposed India-US Bilateral Trade Agreement (BTA), while ensuring India's interests are protected, recommending complete exemption for key export products like generic medicines and smartphones from future US tariff increases.
Pakistan's Defence Minister Khawaja Asif has reiterated the nation's unwavering commitment to the Makkah Joint Defence Agreement, underscoring its role in regional security following an attempted drone attack near the holy city of Mecca. The pact, signed by Pakistan, Turkiye, and Saudi Arabia, establishes a framework for collective deterrence against armed attacks.
US Secretary of State Marco Rubio on Friday (local time) announced a US-mediated framework agreement between Israel and Lebanon aimed at achieving "lasting peace and security".
US President Donald Trump has threatened the European Union with "very heavy tariffs" if he perceives their actions as hostile, specifically in response to Canada's efforts to deepen economic and strategic ties with the EU. This comes as European Commission President Ursula von der Leyen invited Canada to become the EU's first "associate member" to strengthen resilience amid global trade uncertainties and US trade policies.
The United States and the European Union have strongly criticised India's trade policies at the World Trade Organization review, highlighting concerns over high tariffs, quality-control orders (QCOs), and restrictions on digital trade and services, which they argue undermine India's economic openness.
Earlier, Israeli Prime Minister Benjamin Netanyahu also declared that Iran would never be allowed to acquire nuclear weapons, regardless of any agreement.
India has highlighted 13 key outcomes from the recent Shanghai Cooperation Organisation (SCO) summit, focusing on enhanced cooperation in security, counter-terrorism, and addressing transnational threats. These outcomes include the establishment of a Universal Centre for Countering Challenges and Threats to Security, a strong stance against state-sponsored terrorism, and agreements on narcotics control, climate change, and artificial intelligence, reinforcing India's engagement in the Eurasian region.
The US and Iran have agreed on a roadmap aimed at reaching a final agreement within 60 days after hours-long talks at the Swiss resort of Burgenstock, mediators Qatar and Pakistan said on Monday, describing the progress as "encouraging."
GIS intelligence solutions provider Mirai Aerospace Systems and Software Solutions has signed an MoU with US-based GreenValley International Inc to strengthen India's geospatial and LiDAR remote sensing manufacturing base. The collaboration focuses on local assembly, manufacturing, technical support, and the development of AI-driven LiDAR applications, aiming to meet India's growing demand across various sectors.
China has strongly rejected a US bill that would impose tariffs on countries, including India, for purchasing Russian oil and gas. Beijing views the "Lindsey O Graham Sanctioning Russia and Iran Act 2026" as an act of "long-arm jurisdiction" and interference in its sovereign trade relations, asserting that its economic cooperation with other nations is based on equality and mutual benefit.
Iran has conveyed seven conditions to the United States through Qatari mediators for starting negotiations to end the ongoing war, while warning that Tehran is prepared for a "decisive war" if Washington rejects its demands.
Finance Minister Nirmala Sitharaman announced that the Goods and Services Tax (GST) Council's October 7 meeting will focus on 'GST 2.0' process reforms, including e-invoicing and input tax credit rules, while also addressing complex issues surrounding the taxation of the digital economy and cryptocurrency.
The Centre has established a committee to draft an agreement and finalise modalities for a 'permanent political solution' to the Gorkha identity issue in the Darjeeling hills and adjoining areas, following a tripartite meeting with Union Home Minister Amit Shah, Gorkha leaders, and the West Bengal government.
An innovation roadmap, a mechanism to double annual bilateral trade within next five years, and a joint artificial intelligence framework were among 13 outcomes to emerge from wide-ranging talks between Prime Minister Narendra Modi and President Emmanuel Macron on Sunday.
Iran on Tuesday said that the Islamic Republic has "no plans" to hold any meetings with the United States in the coming days at any level, even as diplomatic engagements continue separately in Doha on the related implementation of the 14-point memorandum of understanding (MoU) aimed at ending the hostilities in West Asia.
The reforms, undertaken by the Department of Defence Production, remove stakeholder consultation for exports of non-lethal defence items to most destinations, while retaining safeguards for sensitive countries.
India and China have agreed to advance discussions on an "Early and Substantial Harvest" of boundary delimitation and border management during the 25th round of Special Representatives talks between National Security Advisor Ajit Doval and Chinese Foreign Minister Wang Yi in Beijing. Both sides reached an eight-point consensus, committing to the 2005 Agreement on Political Parameters and Guiding Principles for Settlement. Key outcomes include enhancing border management, improving understanding of the Line of Actual Control, establishing new meeting points and hotlines, and continuing cooperation on trans-border rivers and pilgrimage.
Fintech firm PhonePe has signed a Memorandum of Understanding (MoU) with the Ministry of Electronics and Information Technology (MeitY) to integrate its enterprise data intelligence platform, PulsePro, into the PM GatiShakti framework. This collaboration aims to provide granular, hyperlocal insights for national infrastructure planning, economic analysis, and holistic urban and rural development.
Bangladesh is considering joining a newly formed defence alliance between Saudi Arabia, Pakistan, and Turkiye, with junior ministers stating that any decision would be based on national interests and a "Bangladesh First" policy. The pact, signed in Makkah, aims for collective deterrence.
Former CDS Anil Chauhan stated that China poses a long-term and comprehensive challenge to India, with the boundary issue remaining unresolved due to differing perceptions of the Line of Actual Control. However, he emphasised that India's ties with Beijing cannot be solely defined by border disputes, advocating for engagement through platforms like SCO and BRICS. He also highlighted the broader global geopolitical flux and instability in India's neighbourhood as significant security concerns, stressing the need for self-reliance.
US President Donald Trump has claimed that Iran has accepted "just about everything" the United States has demanded in ongoing indirect nuclear negotiations, particularly regarding denuclearisation. He also asserted that American forces repeatedly carried out military strikes that crippled Tehran's military infrastructure, including radar installations, and escorted commercial oil tankers through the Strait of Hormuz. Trump dismissed reports of Iran's strength, stating its military and economy were severely weakened.
India and China are in what experts call 'a cooperation-versus-competition situation'.
BRICS finance ministers and central bank governors have called for increased representation of emerging-market and developing economies in the IMF and World Bank, while also criticising unilateral tariffs and trade measures, as the expanded bloc aims to bolster financial cooperation amidst global fragmentation.
Farmers under the Samyukta Kisan Morcha have initiated a week-long protest at the Chandigarh-Mohali border, demanding a minimum support price (MSP) based on the C2 plus 50 per cent formula, debt waivers, and opposing the proposed India-US trade deal, Electricity Amendment Bill, and Seed Bill. They also raised concerns about water depletion and sought resolutions based on riparian principles.
'...but I would not like to put a timeline to it'
The United States and India are on the verge of finalising a landmark bilateral trade deal, aiming to boost trade to USD 500 billion by 2030, according to US Deputy Assistant Secretary of State Bethany Poulos Morrison. The agreement seeks to open India's 1.4 billion-strong market to American goods on reciprocal terms, with ongoing high-level discussions to recalibrate the pact after recent changes in US tariff policy.
The Delhi government has signed a Memorandum of Understanding with EkStep Foundation to transform its administrative data into an AI-ready format. This initiative aims to improve governance, enhance public service delivery, and enable proactive, evidence-based decision-making by leveraging artificial intelligence.
The global players' union, FIFPRO, has strongly criticised FIFA President Gianni Infantino, accusing him of 'profound abuse of presidential power' following the secretive development and subsequent shelving of the 'FIFA Forward Enterprise' plan, which aimed to privatise the FIFA World Cup.
The ministry of external affairs on Friday dismissed as 'fake news' reports alleging that India had requested Israel to sign a defence pact in response to the newly formed Pakistan-Saudi Arabia-Turkey security framework.
US President Donald Trump has announced a "historic" agreement for the complete disarmament of Hamas and other armed groups in Gaza, coupled with a phased withdrawal of Israeli forces. The deal, part of Trump's 20-point Gaza plan, involves an International Stabilization Force and a new Palestinian police force, with Gaza eventually administered by a new Palestinian government. Egypt, Qatar, and Turkiye were thanked for their mediation efforts.
Japan is deepening its defence relationship with India while simultaneously expanding its economic, infrastructure and security engagement with countries around India -- particularly Bangladesh. The result is an emerging Japanese conception of South Asia in which India remains the strategic anchor, but the geography surrounding India is becoming increasingly important, points out Varun Arya.
Pakistan, Saudi Arabia and Turkiye on Friday signed a key joint defence agreement under which an attack against one of them will be treated as an attack against all of them, amid increasing security concerns in the wake of escalating tensions in West Asia.
The Airports Authority of India has received a request for a waiver from contractual restrictions that prevent airport concessionaires and their group entities from holding equity in scheduled airlines, Minister of State for Civil Aviation Murlidhar Mohol confirmed in the Rajya Sabha. This comes amid reports of the Adani group's interest in the airline business, despite their denial.
'Improved law and order and transparent governance have helped change UP's investment image.'
India is waiting for assurance from the US on comparative advantage over other economies under the deal.
In a statement issued following the announcement of the US-mediated deal, Qassem characterised the agreement as a 'humiliating' and 'shameful' surrender of Lebanese sovereignty that prioritises Israeli and American dictates over the nation's independence.
'Tariff action relating to the excess-capacity investigation will be even more susceptible to judicial overturn.'
India and the United States have reviewed progress on a proposed interim bilateral trade agreement, discussing market access, digital trade, and non-tariff barriers, as they race to finalise a deal before a temporary 10 per cent US tariff regime expires on July 24.
The Supreme Court has dismissed a review petition challenging its earlier decision that no cognisable offence was made out against BJP leaders Anurag Thakur and Parvesh Verma for their alleged hate speeches during the 2020 anti-CAA protests in Delhi.
