Pakistan-Saudi Arabia defence deal: India weighs implications, issues first reaction (The Economic Times)
India has said it will closely study the new defence pact signed between Pakistan and Saudi Arabia, stressing that its focus remains on safeguarding national security and ensuring regional stability. The agreement, which commits both nations to treat an attack on one as an attack on both, formalises decades of defence cooperation and significantly deepens their security partnership. Coming soon after recent India-Pakistan tensions, the move has raised concerns that it could shift the balance of power in South Asia and complicate regional diplomacy.
EU unveils new agenda for India, but energy ties with Russia cast shadow (Business Standard)
The European Union has launched a new strategic agenda with India, aiming to deepen cooperation in defence, trade, technology, and connectivity while also working toward finalising a free trade agreement by the end of the year. EU leaders acknowledged India’s growing global role but cautioned that its military ties with Russia and continued oil imports could complicate closer relations. Still, both sides stressed that the partnership is vital in today’s shifting geopolitical landscape, with plans to expand collaboration on security, economic growth, and global challenges.
GST reforms infused ₹2 trillion in Indian economy: Nirmala Sitharaman (Business Standard)
Finance Minister Nirmala Sitharaman said GST reforms have injected about ₹2 trillion into the economy, leaving more money in people’s hands and giving a strong boost to growth. She highlighted that most items once taxed at 12 percent are now at 5 percent, and nearly all in the 28 percent bracket have shifted to 18 percent, making the system more beneficial for the middle class. The minister noted that GST revenues have risen sharply to ₹22.08 trillion, with taxpayers more than doubling, showing the reforms’ wide economic impact.
