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    MODI TRUMP

    Much-fairer system: Shashi Tharoor welcomes GST reforms

    Shashi Tharoor, a Congress MP, welcomed the recent Goods and Services Tax (GST) reforms. He called the reforms a fairer system. Tharoor mentioned that the Congress party had been requesting these changes for years. Mallikarjun Kharge, Congress President, alleged pressure from Donald Trump influenced the GST reforms. The GST Council decided to rationalise GST rates to two slabs.

    Would welcome this new tone with a "spirit of caution": Shashi Tharoor on PM Modi's response to Trump's remarks

    Shashi Tharoor commented on India-US relations after President Trump's statements. He emphasized the need for repair work by both governments. Tharoor cautioned against quickly forgiving Trump's actions due to the consequences faced by Indians. He addressed tariffs and perceived insults. Tharoor defended India's mature approach to trade with Russia.

    In rebound from Trump blows, India has few choices

    Nearly 20% of Indian exports go to the US, according to the World Bank.

    Trump’s tariffs could reduce India's GDP by 0.5%, says CEA Anantha Nageswaran

    India’s CEA V. Anantha Nageswaran said US President Trump’s 50% tariffs could trim India’s GDP by 0.5–0.6% this year, with greater risks if extended. The tariffs hit exports like textiles and jewellery, India’s key US markets. Still, he maintained a 6.3–6.8% growth outlook, citing strong Q1 growth, tax cuts, low inflation, GST relief, and fiscal support.

    Xi and Putin to join BRICS trade summit that PM Modi decided to skip

    China confirmed President Xi Jinping will join a virtual BRICS summit on Sept. 8, hosted by Brazil to discuss Donald Trump’s trade policies. Russia’s Vladimir Putin will also attend, while India’s Narendra Modi will send his foreign minister. The meeting, including South Africa, aims to back multilateralism, but no joint statement will follow the closed-door session.

    India waits before calling it a reset as Trump talks of ‘special relationship’ with PM Modi

    Following weeks of trade tensions and tariff impositions, President Trump has softened his stance towards India, praising Prime Minister Modi and highlighting the "special relationship" between the two nations. Despite this, New Delhi is proceeding cautiously, awaiting more concrete signals from Washington before considering a return to normalcy in relations.

    The Economic Times
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