Trade ministry said it remains engaged in talks over the pact, seeking to strike a balance between tariff cuts and domestic sensitivities.

Shanghai shares have gained 17 per cent so far this year. But they slid about 7.6 per cent between early May and early June.

India conducts anti-dumping probes on of applications filed by domestic industry with prima facie evidence of dumping of goods.

Following increase in surcharge, effective income tax rate for individuals with income of Rs 2-5 crore will go up to 39 pc.

Oyo also claimed that it has now become the largest single hotel brand in China

India is embroiled in disputes with United States over tariffs, Indian price caps on imported medical devices, most from the US.