India's State Bank of India (SBI) Research labeled President Trump's newly imposed 25% tariffs on Indian imports—set to take effect around August 7, 2025—a "bad business decision," forecasting heavier economic costs for the U.S. than India . U.S. households could face an average increase of $2,400 annually, with low-income families losing about $1,300 and higher earners up to $5,000 due to rising prices across electronics, apparel, and auto parts . SBI projects India’s GDP decline at only 25–30 basis points, cushioned by its diversified export base and policy support. (PC: Business Today)

India’s major state-owned refiners—including IOC, BPCL, HPCL, and MRPL—have paused Russian crude purchases for over a week as of late July 2025. The decision follows sharply reduced discounts on Russian crude and warnings from U.S. President Donald Trump, who threatened 100% tariffs on nations still importing oil from Moscow unless peace is achieved in Ukraine . These state refineries now rely on spot market supplies from the Middle East, such as Abu Dhabi’s Murban grade, and West Africa . Private refiners like Reliance and Nayara continue Russian imports under long‐term contracts. India sources about 35% of its oil from Russia, making this a significant strategic shift. (PC: Reuters)

The U.S. on July 30 announced a 25% tariff on Indian exports, effective August 1, along with additional unspecified penalties tied to India's purchases of Russian military equipment and oil . U.S. Secretary of State Marco Rubio described India’s Russian oil imports as “most certainly a point of irritation” in bilateral relations, citing concerns that discounted Russian oil aids Moscow’s war efforts in Ukraine . Trump also referred to India and Russia as “dead economies,” intensifying trade friction. The tariffs disrupt stalled negotiations and cast doubt on the future of India‑U.S. strategic partnership. (PC: NDTV)

India has officially resumed issuing tourist visas to Chinese citizens from July 24, 2025, ending a suspension that began in 2020 amid COVID‑19 and border tensions along the Line of Actual Control . The Indian Embassy in Beijing confirmed applicants may submit documents and biometrics via Visa Application Centres in Beijing, Shanghai, and Guangzhou . The move coincides with efforts to normalize bilateral ties, including upcoming SCO engagements and resumption of direct flights. China welcomed the decision as positive, with officials expressing support for increased people-to-people exchange. (PC: CNN)

The Piprahwa gems, dating back to 240–200 BCE, were unearthed in 1898 by British colonial officer William Peppé at Piprahwa, near the India-Nepal border. Found alongside bone fragments in a large stone casket inscribed as relics of the Buddha, the jewels were considered part of the sacred offerings made by disciples. After India’s independence, the Peppé family retained possession. In 2025, plans to auction them abroad sparked national outcry. With diplomatic effort and support from businessman Pirojsha Godrej, India repatriated the relics, reclaiming an important symbol of its Buddhist heritage and ancient craftsmanship. The relics will now be preserved in India. (PC: NDTV)

Over 300 precious jewels—believed to have been buried with Lord Buddha over 2,200 years ago—have been returned to India after 127 years abroad. The relics, unearthed in 1898 at Piprahwa in Uttar Pradesh, were once held by British colonialist William Peppé’s family. When the collection was set to be auctioned by Sotheby’s in Hong Kong, the Indian government intervened diplomatically and legally to stop the sale. Eventually, Godrej Group acquired the artifacts and handed them over to India. Prime Minister Modi called the return a "joyous day" for Indian heritage, marking a victory for cultural repatriation efforts. (PC: The New York Times)  

As US President Donald Trump imposed a 25% tariff on Indian goods, he accused India of high trade barriers and criticised its economic ties with Russia, calling both economies “dead.” India responded calmly, vowing to protect national interests and continue dialogue. Commerce Minister Piyush Goyal stated that all necessary steps would be taken for farmers, MSMEs, and exporters. The opposition, led by Rahul Gandhi, echoed Trump’s “dead economy” comment, drawing backlash from BJP leaders. Economists expect limited GDP impact, but pressure mounts on key export sectors. Talks continue, with Trump hinting a deal could still happen this week. (PC: X)

India will not retaliate against US President Donald Trump’s decision to impose a 25% tariff and additional penalties on Indian imports starting August 1, government sources said. Trump cited India's high tariffs, non-monetary trade barriers, and continued energy imports from Russia. Indian officials stated that negotiations, not escalation, are the preferred path, emphasizing the nation's economic resilience. Commerce Minister Piyush Goyal confirmed consultations with exporters and stakeholders are underway to assess the impact. Opposition leader Rahul Gandhi seized the moment to criticize the Modi government, calling India a “dead economy” and blaming BJP policies for economic stagnation. (PC: X)

A 32-year-old Indian-origin man, Santosh Yadav, was attacked by six teenagers near his home in Dublin. He suffered a fractured cheekbone and serious injuries. Yadav said it was a racist attack and blamed Irish police for delays. He shared that the teens broke his glasses and beat him with what seemed like a chain. Yadav said he feels unsafe and fears stepping outside. Activists warned of rising hate crimes against Indians in Ireland. Protests followed the attack, with migrant groups demanding stronger action. Many say poor police training and online hate are making things worse for migrants in Dublin. (PC: Santosh Yadav/Linkedin)

Iran has accused the US of using its economy as a weapon to control other countries. The statement came after President Trump announced a 25% tariff on India and penalties for buying Russian oil. Iran called these steps “modern economic imperialism.” The Iranian Embassy in India posted that such actions harm nations like Iran and India. Iran’s foreign ministry said new US sanctions on its oil sector were “oppressive” and hurt its people. Spokesperson Esmail Baqaei called the sanctions illegal and a “crime against humanity.” He said the US ignores global rules and puts the world at risk with such actions. (PC: AFP)