FGN54: US-TRUMP-INDIA-2NDLD-TARIFF

US announces 25 pc tariff plus penalty on India from Aug 1 Washington: US President Donald Trump on Wednesday announced the imposition of a 25 per cent tariff on all goods coming from India starting August 1, plus an unspecified penalty for buying military equipment and crude oil from Russia.

FGN13 IMF-INDIA

India projected to grow 6.4% in 2025 & 2026, reform momentum driving stable growth: IMF  New York/Washington: India is projected to grow at 6.4 per cent in fiscal year 2025 and 2026, and the country’s stable growth is driven by a reform momentum supporting robust consumption growth and a push for public investment, the International Monetary Fund has said.

FGN51: CHINA-CHILDCARE-SUBSIDIES

China announces USD 12 billion childcare subsidies to address demographic crisis Beijing: China on Wednesday announced an allocation of 90 billion yuan (about USD 12.6 billion) to encourage couples to have more children as the country grapples with a deepening demographic crisis caused by declining birth rates.

FGN11 UN-TRF

TRF published photo of Pahalgam attack site, twice claimed responsibility: UNSC sanctions monitoring report United Nations: The Resistance Front (TRF) had twice claimed responsibility for the Pahalgam terror attack and “published a photograph of the attack site”, the UN Security Council’s sanctions monitoring team has said.

FGN15 UN-INDIA-PALESTINE

India reiterates support at UN for two-state solution to Israel-Palestinian conflict United Nations: India told a high-level UN conference that global efforts must now focus on achieving a two-state solution to the Israel-Palestinian conflict through "purposeful dialogue and diplomacy".

FGN42: PACIFIC-9THLD TSUNAMI

8.8 magnitude quake strikes off Russia's Far East. Tsunami waves reach Japan, Hawaii and California Tokyo: One of the strongest earthquakes ever recorded struck off Russia's sparsely populated Far East early Wednesday, sending tsunami waves into Japan, Hawaii and the US West Coast. Several people were injured, but none gravely, and no major damage has been reported so far.(AP)

PTI GSP

Tariff measures on imports from India with penalties for Russian purchases escalate trade restrictions and invoke sanctions compliance obligations. A unilateral trade measure imposes increased duties on imports from India and an additional penalty linked to purchases of military equipment and crude oil from a specified third country, creating combined customs and sanctions compliance obligations. This raises issues of tariff assessment, origin verification, ancillary penalty application, and potential conflict with multilateral trade rules. A sanctions monitoring report noting a group's claim of responsibility for an attack and publication of imagery bears on terrorist listing and targeted measures processes, increasing screening and reporting obligations for cross border actors.