UPDATE 1-Indian shares plumb fresh five-month lows in global selloff <!-- no image --> <div>* India volatility index surges as much as 16.2% (Adds details on India's Kashmir proposal, updates indexes)<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=54TuKPPMHc8:fAsTFoCcFdY:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=54TuKPPMHc8:fAsTFoCcFdY:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=54TuKPPMHc8:fAsTFoCcFdY:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=54TuKPPMHc8:fAsTFoCcFdY:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=54TuKPPMHc8:fAsTFoCcFdY:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/54TuKPPMHc8" height="1" width="1" alt=""></div> Posted by Reuters