The Indian PM banked on warm ties with his U.S. counterpart—but then came a whopping 50% tariff, writes Salil Tripathi.

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

As part of his three-day visit to India, China’s Foreign Minister Wang Yi will meet with PM Narendra Modi at 7, Lok Kalyan Marg in Delhi. It is expected that the Chinese official will brief the PM on the upcoming SCO agenda.

Narendra Modi's administration revealed plans over the weekend for the largest tax overhaul since 2017, with consumer, auto and insurance companies likely to emerge as the biggest winners.

Prime Minister Modi's high-level meeting focused on next-gen reforms to improve ease of living and business, with a spotlight on GST changes. The reforms aim to simplify tax rates and enhance compliance, especially for small enterprises.

The highlights this week: Indian Prime Minister Narendra Modi faces down multiple challenges at once as the United States threatens high tariffs, former Bangladeshi Prime Minister Sheikh Hasina is tried in absentia for charges related to last year’s protest crackdown, and the Taliban mark four years back in power in Kabul.

Shubhanshu Shukla met with PM Modi on Monday. During the meeting, they discussed Shukla's experience in the space industry and the future of India's space program.

The collapse of the prime minister’s high-stakes efforts to transform ties with the world’s two superpowers has exposed the limits of India’s leverage.

PM Narendra Modi welcomed astronaut Shubhanshu Shukla at his residence, celebrating his successful ISS mission. Shukla shared ISS photos and presented Modi with the Axiom-4 mission patch.

India’s Prime Minister Narendra Modi announced tax cuts, pledged policy reform and urged the citizens to design and produce high quality goods at home, in a sweeping Independence Day speech that blasted rising “economic selfishness” in the world.

By Nikunj Ohri, Aftab Ahmed and Aditya Kalra NEW DELHI (Reuters) -Indian Prime Minister Narendra Modi's deepest tax cuts in eight years will strain government revenues but are winning praise from businesses and political pundits who say they will bolster his image in an ongoing trade fight with Washington.