India's Key Developments: Economic Resilience, Policy Shifts, and US Tariff Tensions

August 09, 2025

India has seen significant developments in governance, economy, and international relations over the past 24 hours. The government introduced key policy changes, including the withdrawal and re-introduction of the Income Tax Bill, and approved a major scheme for technical education. Economically, the RBI maintained its repo rate while Moody's warned about the impact of new US tariffs. Diplomatic tensions escalated with the US imposing increased tariffs on Indian imports, though India affirmed its stance on Russian oil purchases and strengthened ties with other nations. The judiciary also saw new appointments and notable Supreme Court decisions.