The interaction between EAM Jaishankar and Chinese Foreign Minister Wang Yi yielded one important outcome - that China is set to resume the much-needed supply of fertilisers, rare earth minerals and tunnel boring machines.This comes as India and China move towards a normalisation of ties - here’s why this is significant!#india #china #america

Monorail Chaos in Mumbai

It was a rescue straight out of a disaster drill. Heavy rain stalled two Mumbai monorails on Tuesday—one carrying 200 passengers, another with 582—leaving hundreds trapped mid-air for hours. The worst was at Mysore Colony, where rescuers smashed windows and used cranes and scissor lifts to evacuate over 500 people from a train stuck on a curve. By 9:50 pm, all were safe. Another train between Wadala and Acharya Atre was towed back after 200 passengers were rescued.

Officials blamed overcrowding: the monorail overshot its 104-tonne limit, hitting 109 tonnes, which snapped power contact and jammed brakes. Deputy CM Eknath Shinde called it “a major accident averted,” while CM Devendra Fadnavis ordered an inquiry. Meanwhile, local trains—the city’s lifeline—were also hit, with 17 inches of water flooding tracks. For commuters, it was another monsoon reminder of how fragile Mumbai’s transport really is.

India is preparing a sweeping ban on online games played with money, potentially shaking a sector worth billions. A draft bill reviewed by Reuters says no one can “offer, aid or engage” in real-money gaming. That would put fantasy cricket giants Dream11 ($8B) and Mobile Premier League ($2.5B) in the firing line.

The government argues these apps use “addictive algorithms” that fuel compulsive behaviour and financial ruin. Offenders could face up to three years in jail. With India’s gaming market projected at $3.6B by 2029, the ban could send shockwaves through investors. Popular during IPL season, these apps allow entry for as little as 8 rupees with million-rupee prize pools, often endorsed by cricket stars. Now the government’s message is blunt: play for fun, not for money.

As India pulls back, China is stepping in. Analysts say Chinese refiners bought 15 cargoes of Russian Urals crude for October–November, each up to a million barrels. Until last month, India was Russia’s biggest seaborne buyer, but shrinking discounts made state refiners pause—cutting imports by nearly 700,000 barrels/day.

China, the world’s top importer, usually buys ESPO crude from Russia’s Far East, but cheaper Urals—priced $2–3 below Middle Eastern oil—sparked fresh demand. The shift could pressure Dubai crude, already softening. Yet, analysts caution Beijing won’t absorb all volumes; Urals isn’t a staple grade for its refineries. Another risk: U.S. sanctions. Donald Trump hinted penalties could hit buyers of Russian oil “in two or three weeks” if peace talks stall. For now, the balance tilts: India out, China in—with Washington watching.

The Opposition’s Vice-Presidential candidate, B. Sudershan Reddy, kept his message simple: “There’s only one citizenship in this country.” He faces NDA nominee and Maharashtra governor CP Radhakrishnan in the September 9 vote.

Both hail from the south—Radhakrishnan from Tamil Nadu, Reddy from Andhra Pradesh—adding a subtle regional undertone. But Reddy, a former Supreme Court judge and Goa’s first Lokayukta, stressed unity: MPs, not the public, elect the Vice President, he reminded.

In a move seen as breaking the ice, India scrapped customs duty and cess on cotton imports until September 30. The exemption, cutting the 11% levy to zero, directly benefits American exporters pushing for access amid escalating tariffs. Cotton is critical for India—employing 35 million people and driving 80% of textile exports. With domestic output slipping and prices tight, the duty cut also helps local mills ahead of the festive season.

Analysts call it a “calibrated gesture”—relief for the U.S. but temporary, keeping India’s leverage intact. Ironically, just as New Delhi opened this door, Washington canceled the Aug 25 trade talks. No new date has been set, and Trump is threatening to double tariffs on Indian exports to 50% this month. Cotton may cool tempers—but the tariff war still looms.

India-U.S ties have been strained to say the least, after US President Donald Trump imposed 50% tariffs on nearly all Indian imports - the highest among all, right along with Brazil. Now, former Indian Chief Economic Advisor Kaushik Basu who was also the World Bank Chief Economist and now teaches at Cornell University has said that India should not fall into Trump's tariff trap. In a piece for Mint, Basu says that Trump may be taking India for granted and it's time for India to draw on our legacy of being a strong independent country, balancing relations with multiple nations while avoiding subordination to any major power.

Watch the full episode on YouTube: https://www.youtube.com/watch?v=YdgDccyJpys