India's parliament passes a bill amending Muslim land endowments, sparking protests over concerns it undermines minority rights and could lead to property confiscation.
After hours of heated debate, India's parliament has passed a controversial bill that seeks to change how properties worth billions of dollars donated by Muslims over centuries are governed. The upper house passed the Waqf (Amendment) Bill, 2024 early on Friday, a day after the lower house cleared it amid strong opposition criticism.
India's economic growth could slow by 20-40 basis points in the ongoing financial year due to the latest U.S. tariffs, which would prompt deeper interest rate cuts by the central bank, analysts said.
Indian Prime Minister Narendra Modi has begun a two-day state visit to neighboring Sri Lanka, where he is expected to sign several power and defense agreements.
The legislation passed by Parliament on Friday would allow non-Muslims to help administer so-called Waqfs. The move fueled concerns that the rights of Muslims are being infringed on.
India's $32 billion gems and jewellery industry is bracing for a sharp fall in exports as hefty U.S. tariffs will impede overseas sales to its biggest market, industry officials said.
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Bangladesh leader Muhammad Yunus reiterated his country’s demand that India extradite deposed leader Sheikh Hasina during a meeting with Indian Prime Minister Narendra Modi on Friday.
India's prime minister urged Bangladesh's interim leader to avoid rhetoric that marred bilateral relations during their first meeting on Friday since the ouster of Bangladeshi premier Sheikh Hasina, India's foreign ministry said.