India's first paperless budget is also 100% visionless: Derek O'Brien

In a sharp retort to US President Donald Trump's reciprocal tariffs charge, the Chinese embassy in the US said Beijing is ready to "fight till the end" in any type of war the US wants. "If war is what the US wants, be it a tariff war, a trade war or any other type of war, we're ready to fight till the end," the Chinese embassy's official handle posted on X after Trump's explosive remarks in a joint session at Congress.

Trump said other countries have used tariffs against the US for decades. "Now it's our turn to start using them against those other countries. On average, the European Union, China, Brazil, India, Mexico and Canada. Have you heard of them? And countless other nations charge us tremendously higher tariffs than we charge them. It's very unfair. India charges us auto tariffs higher than 100%. China's average tariff on our products is twice what we charge them. And South Korea's average tariff is four times higher," he said.

"This is happening by friend and foe. This system is not fair to the United States and never was... That's reciprocal back and forth. Whatever they tax us, we will tax them," he said.

Trump has increased previously imposed 10 per cent levies on Chinese goods to 20 per cent. China has filed a complaint with the World Trade Organization against the US.

"The United States' unilateral tax measures seriously violate WTO rules and undermine the foundation of China-US economic and trade cooperation," Beijing's commerce ministry said in a statement.

While imposing the tariffs, Trump accused China of not doing enough to halt the trafficking of fentanyl and other highly potent opioids into the US.

The Chinese Foreign Ministry has contested this. "The fentanyl issue is a flimsy excuse to raise US tariffs on Chinese imports. The US, not anyone else, is responsible for the #FentanylCrisis inside the US. In the spirit of humanity and goodwill towards the American people, we have taken robust steps to assist the US in dealing with the issue. Instead of recognizing our efforts, the US has sought to smear and shift blame to China, and is seeking to pressure and blackmail China with tariff hikes," it said in a statement.

"They've been PUNISHING us for helping them. This is not going to solve the US's problem and will undermine our counternarcotics dialogue and cooperation. Intimidation does not scare us. Bullying does not work on us. Pressuring, coercion or threats are not the right way of dealing with China. Anyone using maximum pressure on China is picking the wrong guy and miscalculating. If the US truly wants to solve the fentanyl issue, then the right thing to do is to consult with China by treating each other as equals," it added.

An Indian woman sentenced to death in Abu Dhabi for allegedly murdering a four-month-old child was executed on February 15, the Delhi High Court was informed on Monday. The revelation came during a hearing on a petition filed by her father, who was seeking information about her well-being.

Court Calls Execution "Unfortunate"

Justice Sachin Datta, upon learning of the execution, described it as "very unfortunate."

"It is over. She was executed on February 15. Her last rites will be held on March 5," Additional Solicitor General Chetan Sharma told the court.

Family’s Fight for Information

During the hearing, the petitioner’s counsel said the family had been desperately seeking clarity on whether she was alive or had been executed.

He mentioned that Shahzadi Khan had called her family from prison on February 14, informing them that she would be executed within a day or two and that it would be her final call. Since then, they had received no updates about her condition.

The Centre’s counsel stated that embassy officials were in touch with the petitioner and were making arrangements for the family to attend her last rites in Abu Dhabi.

"We did our best. We hired a law firm to represent her in court. But the laws there deal with the murder of an infant very severely," he submitted.

Case Background

According to the petition, Shahzadi contacted her father from detention on February 14, 2025, saying she had been moved within the facility and wanted to speak with her parents before her execution.

Her father, Shabbir Khan, a resident of Banda in Uttar Pradesh, filed an application with the Ministry of External Affairs (MEA) on February 21, 2025, seeking official confirmation of whether his daughter had been executed.

Shahzadi had been handed over to Abu Dhabi police on February 10, 2023. She was sentenced to death on July 31, 2023, and was held at Al Wathba jail.

The petition alleged that Shahzadi did not receive proper legal representation in court and was pressured into confessing, leading to her death sentence.

Events Leading to the Case

Shahzadi traveled to Abu Dhabi in December 2021 on a legal visa. In August 2022, her employer gave birth to a son, and she was hired as the child’s caregiver.

On December 7, 2022, the infant received routine vaccinations but tragically passed away that same evening.

The petition claimed that the child’s parents refused to allow a post-mortem and signed an agreement waiving further investigation into the death. However, despite this, Shahzadi was arrested and later sentenced to death.

Her family continues to seek justice and closure following her execution.

The number of Indian high-net-worth individuals (HNWIs), those having assets more than $10 million, rose 6 per cent last year to 85,698, according to Knight Frank.

Global property consultant Knight Frank on Wednesday released its 'The Wealth Report 2025', which estimated the HNWI population in India at 85,698 in 2024, as against 80,686 in the preceding year.

The number is expected to rise to 93,753 by 2028, reflecting India's expanding wealth landscape, the consultant said.

The increasing trend of HNIW population highlights the country's strong long-term economic growth, increasing investment opportunities, and evolving luxury market, positioning India as a key player in global wealth creation.

India's billionaire population has also seen a strong year-on-year growth in 2024.

"India is now home to 191 billionaires, of which 26 joined the ranks in just the last year, which was pegged at just 7 in 2019," the consultant said.

The combined wealth of Indian billionaires is estimated at $950 billion, ranking the country third globally, behind the US ($5.7 trillion) and Mainland China ($1.34 trillion).

"India's growing wealth underscores its economic resilience and long-term growth potential. The country is witnessing an unprecedented rise in high-net-worth individuals, driven by entrepreneurial dynamism, global integration, and emerging industries," Shishir Baijal, Chairman & Managing Director, Knight Frank India, said.

This expansion is not just in scale but also in the evolving investment preferences of India's elite, who are diversifying across asset classes, from real estate to global equities, he added.

"In the decade ahead, India's influence in global wealth creation will only strengthen," Baijal said.