Category: Government of India

  • Govt pushes cooperative growth: Over 22,600 new societies registered under national plan

    Source: Government of India

    Source: Government of India (4)

    The government’s plan to strengthen the cooperative movement across rural India has made significant progress, with 22,606 new Primary Agricultural Credit Societies (PACS), dairies, and fishery cooperative societies registered across the country as of June 30, said Union Minister Amit Shah in a written reply to the Lok Sabha on Monday.

    The initiative, approved on February 15, 2023, aims to establish two lakh multipurpose cooperative societies in five years, covering every panchayat and village.

    The plan is being implemented through convergence of various central government schemes – such as the Dairy Infrastructure Development Fund (DIDF), National Programme for Dairy Development (NPDD), and PM Matsya Sampada Yojana (PMMSY) – with support from National Bank for Agriculture and Rural Development (NABARD), National Dairy Development Board (NDDB), National Fisheries Development Board (NFDB), and state governments. Importantly, the scheme uses the existing outlays of these programs and integrates them at the PACS level.

    To guide this rollout, the Ministry of Cooperation launched a standard operating procedure (Margdarshika) on September 19, 2024. This document outlines clear targets, timelines, and responsibilities for all stakeholders.

  • India expected to clock 6.6 pc growth in FY26 despite uncertain global outlook

    Source: Government of India

    Source: Government of India (4)

    India is expected to expand close to its trend growth in FY26, supported by better consumption demand on recent monetary easing, income tax reductions, good monsoon rains, and the prospect of continued lower oil prices, according to a report on Tuesday.

    The Standard Chartered global outlook report expects India to clock steady GDP growth of 6.6 per cent in FY26 compared to 6.5 per cent in FY25. While strong macro fundamentals provide the cushion, the bank also flags that India is not immune to tariff risk and the outcome of trade talks with the US and the EU will be key to growth prospects.

    The confidence on India’s growth outlook comes even as the bank has lowered its 2025 global growth forecast slightly to 3.1 per cent from the 3.2 per cent earlier amid still-elevated trade policy uncertainty.

    Anubhuti Sahay, Head of India Economic research, expects improvement in real purchasing power in FY26. However, she also said, “While urban demand is expected to stay supported on countercyclical measures, urban households may partially use the benefits from lower rates and tax cuts to deleverage and boost savings.”

    “A combined fiscal deficit sustainably below 7 per cent of GDP is an important criterion for a rating upgrade, as highlighted by S&P when it upgraded India’s sovereign rating outlook to positive in 2024. FY26 will be the first year when combined fiscal deficit will be below 7 per cent of GDP. We also see a high probability of it staying below 7 per cent on a medium-term basis,” Sahay added.

    Overall, globally, the report sees growing downside risks to the US economy in H2 (second half) 2025, after greater resilience than expected in H1 (first half). The inflationary impact of US tariffs is likely to constrain Fed monetary easing, with scope for one more 25bps rate cut in 2025, although there is a risk of a bigger 50 bps move at the September meeting.

    China’s trend growth is likely to slow. While the worst of the US-China trade war appears to be over, with China’s dominance of rare-earths production proving to be an effective bargaining tool, China’s economy remains vulnerable to higher effective tariffs. Export growth, a key source of growth since COVID-19, could slow meaningfully by the end of 2025, the report added.

    (IANS)

  • Toxic algae bloom off South Australia devastates marine life, tourism

    Source: Government of India

    Source: Government of India (4)

    A massive outbreak of toxic algae off South Australia, which has devastated hundreds of species of marine life and disrupted local tourism and fishing, is a “natural disaster,” state Premier Peter Malinauskas said on Tuesday.

    The algal bloom, first detected in March, spans an area 4,500 square km (1,737 square miles) in size and has been aggravated by rising ocean temperatures, according to environment officials.

    “There are over 400 different species of marine life that have been killed off or have had deaths as a result of this algal bloom,” Malinauskas told national broadcaster ABC’s News Breakfast program.

    “This is a natural disaster and should be acknowledged as such.”

    Malinauskas announced a A$14 million ($9.11 million) support package to tackle the outbreak, matching a package by the federal government. The combined A$28 million would assist with clean-up efforts, research, and business support.

    The toxic bloom has been caused by overgrowth of the Karenia mikimotoi algal species, which affects fish gills and sucks oxygen out of the water as it decomposes, the state’s environment department said.

    Contributing to its growth was a marine heatwave that started in 2024, when sea temperatures were about 2.5 degrees Celsius (36.5 degrees Fahrenheit) warmer than usual.

    The bloom has impacted tourism and forced oyster and mussel farms to temporarily shut due to a waterborne toxin caused by the algae, local media said.

    Over 13,850 dead animals, including sharks, rays and invertebrates, have been recorded by the public on the iNaturalist app.

    Federal Environment Minister Murray Watt said on Monday the algal bloom was a “very serious environmental event,” but stopped short of declaring it a national disaster, which would allow for greater federal support.

    (Reuters)

  • PLI schemes see actual investment of Rs 1.76 lakh crore, create over 12 lakhs jobs: Minister

    Source: Government of India

    Source: Government of India (4)

    The production-linked incentive (PLI) schemes have realised actual investment of Rs 1.76 lakh crore till March 2025 across 14 sectors, which has resulted in incremental production/sales of over Rs 16.5 lakh crore and employment generation of over 12 lakhs (direct and indirect), the Parliament was informed on Tuesday.

    To date, 806 applications have been approved under PLI schemes across 14 sectors. These schemes have incentivized domestic manufacturing, leading to increased production, job creation and a boost in exports, said Minister of State for Commerce and Industry Jitin Prasada in a written reply to the Lok Sabha.

    The pharmaceuticals sector has witnessed cumulative sales of Rs 2.66 lakh crore which includes exports of Rs 1.70 lakh crore achieved in the first three years of the scheme.

    The scheme has contributed to India becoming a net exporter of bulk drugs (Rs 2,280 crore) from net importer (Rs 1,930 crore) as was the case in FY 2021-22. It has also resulted in significant reduction in gap between the domestic manufacturing capacity and demand of critical drugs.

    Under the PLI Scheme for medical devices, 21 projects have started manufacturing of 54 unique medical devices, which include high end devices such as Linear Accelerator (LINAC), MRI, CT-Scan, Heart Valve, Stent, Dialyzer Machine, C-Arm, Cath Lab, Mammograph, MRI Coils, etc, the minister informed the House.

    The production of mobiles in value terms has increased by around 146 per cent from Rs 2,13,773 crore in 2020-21 to Rs 5,25,000 crore in 2024-25 as per industry association and DGCIS.

    During the same period, exports of mobile phones in value terms has increased by around 775 per cent from Rs 22,870 crore in 2020-21 to Rs 2,00,000 crore in 2024-25, he added.

    “Cumulative incentive amount of Rs 21,534 crore have been disbursed as on 24.06.2025 under PLI Scheme for 12 sectors, namely Large Scale Electronics Manufacturing (LSEM), IT Hardware, Bulk Drugs, Medical Devices, Pharmaceuticals, Telecom & Networking Products, Food Processing, White Goods, Drones & Drone Components, Specialty Steel, Textile products and Automobiles & Auto components, the minister highlighted.

    (IANS)

  • India’s BioE3 policy to spearhead green growth and biomanufacturing revolution

    Source: Government of India

    Source: Government of India (4)

    The Government’s ambitious BioE3 Policy—short for Biotechnology for Economy, Environment & Employment—emerged as the focal point of a high-level joint review meeting of all Science Ministries, chaired by Union Minister Dr. Jitendra Singh. Held in the national capital on Monday, the review convened top scientific officials to evaluate inter-ministerial initiatives and promote a unified, outcome-driven vision in alignment with India’s Vision 2047.

    Approved by the Cabinet in August 2024, the BioE3 Policy is designed to transform India into a global hub for sustainable biomanufacturing by leveraging biotechnology and artificial intelligence. The Minister was informed about the overwhelming response to the policy’s first round of DBT-BIRAC ( Department of Biotechnology- Biotechnology Industry Research Assistance) joint calls, which attracted over 2,000 proposals. Calling it a “national mission,” Dr. Singh emphasized its role in driving green growth, expanding the bioeconomy, and generating employment across sectors.

    The BioE3 framework focuses on five critical domains—Carbon Capture and Utilization, Precision Biotherapeutics, Smart Proteins, Enzymes, and Climate-Resilient Agriculture. Nearly 40% of the selected proposals are being led by startups and private industry through public-private partnership (PPP) models. Academic institutions, meanwhile, are at the forefront of agri-biotech innovations. These initiatives are being supported by the national MoolankurBioEnabler Network, a cutting-edge platform comprising Bio-AI Hubs, biofoundries, and biomanufacturing centers.

    In a strategic move to reverse brain drain, the Minister also reviewed a proposal to introduce 100 post-doctoral fellowships for Indian scientists working abroad. “We must offer meaningful opportunities to attract our talent back,” Dr. Singh stated, underlining the importance of building domestic research capabilities.

    The review also covered developments in India’s energy sector. Officials provided updates on ongoing site assessments in Bihar for new nuclear power plants. These evaluations, focusing on land availability, water resources, seismic stability, and soil conditions, are being conducted in collaboration with state authorities. Final approval will rest with the Atomic Energy Regulatory Board.

    India’s space programme also received significant attention. A recent technological advancement is set to boost the payload capacity of the GSLV Mark-3 rocket by 20%—achieved without structural modifications. Officials further disclosed that a near-crisis during an international satellite launch was averted after a crack in the fuel line was promptly detected and rectified. Dr. Singh lauded the swift action and high level of preparedness demonstrated by the technical teams.

    Preparations are now underway for National Space Day, which will highlight the contributions of India’s thriving space startup ecosystem. Over 300 private firms are expected to participate in live demonstrations and exhibitions, showcasing innovations that are fast becoming integral to India’s space ambitions.

    Educational outreach also featured prominently in the discussions. The Ministry is exploring ways to expand initiatives such as Vigyan Jyoti, which has witnessed growing participation from schoolgirls nationwide. In response to rising interest from students in Classes 6 to 10, efforts are being made to broaden early-stage mentorship and innovation programmes.

    Calling for greater inter-ministerial alignment, Dr. Singh directed departments to channel key proposals through the Office of the Principal Scientific Adviser for better strategic coordination. “We must avoid overlaps and work in unison to achieve national outcomes,” he said.

  • UAE Dispatches Largest Humanitarian Aid Ship to Gaza Amid Deepening Crisis

    Source: Government of India

    Source: Government of India (4)

    The United Arab Emirates has dispatched its largest humanitarian aid ship to Gaza as part of its intensified relief campaign for the embattled region. Departing from Khalifa Port in Abu Dhabi on Monday, the vessel, named the Khalifa Humanitarian Air Ship, is carrying 7,166 tonnes of essential supplies, including food, medical equipment, clean water, and materials for temporary shelter.

    The mission is a major component of the UAE’s ongoing Operation Gallant Knight 3, a comprehensive initiative that has previously delivered assistance via airlifts and land convoys. This maritime shipment marks the country’s largest sea-based aid delivery to date, reinforcing the UAE’s growing role in regional humanitarian efforts. The cargo includes urgently needed medical supplies to alleviate shortages in Gaza’s hospitals, non-perishable food items to combat rising hunger, and shelter materials for families displaced by conflict.

    The ship is bound for Egypt’s Al-Arish port, where its cargo will be offloaded and transported to Gaza through coordinated efforts involving regional authorities and international humanitarian agencies, including the United Nations. These collaborations aim to ensure efficient and equitable distribution to areas most affected by the crisis, where residents face acute food insecurity, limited access to clean water, and overburdened healthcare infrastructure.

    The aid initiative comes amid deteriorating conditions in Gaza, where sustained conflict and economic hardship have severely limited access to basic necessities. International aid organizations have welcomed the UAE’s proactive approach, emphasizing the potential of the latest shipment to bring immediate relief to thousands of families.

  • Venus Williams makes winning return after 16-month layoff

    Source: Government of India

    Source: Government of India (2)

    enus Williams enjoyed a winning return to tennis after more than a year away from the game as the 45-year-old American teamed up with compatriot Hailey Baptiste to win their round of 16 women’s doubles tie at the Washington Open on Monday.

    The seven-times Grand Slam singles champion had not played a competitive match in 16 months, with her last appearance on the WTA Tour coming at the Miami Open in March last year.

    Williams and Baptiste beat Eugenie Bouchard and Clervie Ngounoue 6-3 6-1 to reach the quarter-finals in Washington, and the former world number one said if felt “inspiring” to be back on court.

    “It wasn’t easy for us but we brought it together quickly as a team. I love this game and still hitting it big,” Williams told Sky Sports.

    Williams enjoyed playing with 23-year-old Baptiste so much she joked that she should have teamed up with her years ago instead of playing with her younger sister Serena, who she won 14 Grand Slam doubles titles with.

    “I could see that we were going to be a good team. We just should have started playing earlier, years ago, right?” she said. “I think Serena was just in the way.”

    (Reuters)

  • Alcaraz joins list of marquee withdrawals from Canadian Open

    Source: Government of India

    Source: Government of India (2)

    orld number two Carlos Alcaraz has joined the list of big names skipping next week’s Canadian Open in Toronto with the Spaniard saying he needs to focus on recovering from muscle issues after losing to Jannik Sinner in the Wimbledon final.

    The 22-year-old won the Italian Open, French Open and Queen’s Club titles before Sinner brought his 24-match winning streak to a halt at the All England Club earlier this month.

    “After many consecutive weeks of competition without rest, I will not be able to play in Toronto this year,” the five-times Grand Slam champion wrote on social media on Monday.

    “I have small muscle issues and need to recover physically and mentally for what comes next. To the tournament and my fans in Canada I am very sorry, I will see you next year.”

    The U.S. Open tune-up event will now be without four of the world’s top six men’s players after Sinner, Novak Djokovic and Jack Draper also opted out.

    World number one Sinner said he needed to prioritise his health, number five Draper is out with an arm injury and number six Djokovic is dealing with a groin problem that he sustained during his run to the Wimbledon semi-finals.

    The Canadian Open starts on Sunday and runs until August 7.

    The U.S. Open begins on August 24.

    (Reuters)

     

  • Liam Dawson back in England team after eight-year absence for fourth test vs India

    Source: Government of India

    Source: Government of India (2)

    ngland’s Liam Dawson has been named in the team to play India in the fourth test of the series at Old Trafford, England’s cricket board (ECB) announced on Monday, marking the spinner’s first test appearance in eight years.

    The 35-year-old Hampshire left-armer, who replaces the injured Shoaib Bashir, is the only change to the team for the fourth test which begins on Wednesday. Dawson has not played a test match since earning his third test cap in July 2017.

    Dawson, an unused member of the 2019 World Cup winning squad, did feature in the Twenty20 series against West Indies in June.

    Bashir suffered a fracture to his finger during the third test at Lord’s, which England won by 22 runs to take a 2-1 lead, leaving them one victory away from clinching their first five-match series win since 2018.

    England team:

    Zak Crawley, Ben Duckett, Ollie Pope, Joe Root, Harry Brook, Ben Stokes (captain), Jamie Smith (wicketkeeper), Liam Dawson, Chris Woakes, Brydon Carse, Jofra Archer.

    (Reuters)

  • PM Modi wishes good health to Jagdeep Dhankhar

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Tuesday wished Jagdeep Dhankhar good health following his resignation as the Vice President of India.

    In a post on X, PM Modi said, “Shri Jagdeep Dhankhar Ji has got many opportunities to serve our country in various capacities, including as the Vice President of India. Wishing him good health.

    On Monday, Vice President Dhankhar resigned from the office, citing health concerns and medical advice.

    In his resignation letter to President Droupadi Murmu, Dhankhar said, “To prioritise health care and abide by medical advice, I hereby resign as the Vice President of India, effective immediately.”

    The 72-year-old, who also served as Chairman of the Rajya Sabha, expressed gratitude to the President for her “unwavering support” and the “wonderfully harmonious working relationship” they shared during his tenure.

    Thanking Prime Minister Narendra Modi and the Council of Ministers, Dhankhar said, “Prime Minister’s cooperation and support have been invaluable, and I have learned much during my time in office.”

    He also acknowledged the trust and warmth extended by Members of Parliament, calling it a “cherished memory.”

    Reflecting on his time in office, Dhankhar said it had been a privilege to witness India’s economic growth and transformation. “Serving in this transformative era of our nation’s history has been a true honour,” he noted. “As I leave this esteemed office, I am filled with pride in Bharat’s global rise and phenomenal achievements and hold unwavering confidence in her brilliant future.”

    Dhankhar’s resignation came on the first day of the Monsoon Session of Parliament.

  • How did a Bangladesh air force fighter jet crash into a school campus?

    Source: Government of India

    Source: Government of India (4)

    At least 25 children were among the 27 people killed when a Bangladesh Air Force plane crashed into a college and school campus in the capital city of Dhaka on Monday.

    Here is a look at what happened.

    HOW DID THE CRASH OCCUR?

    The fighter aircraft took off at 1:06 p.m. (0706 GMT) from the air force base in Dhaka’s Kurmitola for a routine training mission, but experienced a mechanical failure soon after.

    The pilot attempted to divert the aircraft away from densely populated areas to minimize civilian casualties and damage, but his efforts were unsuccessful and the jet crashed into a building.

    WHERE DID THE PLANE GO DOWN?

    The two-storey building that the plane rammed into belonged to the Milestone School and College in Dhaka’s Diabari area, located about 10 kilometres (six miles) from the air force base.

    Visuals from the scene showed the mangled remains of the aircraft dented into the side of the building, dismantling its iron grills and creating a gaping hole in the structure.

    HOW MANY PEOPLE WERE KILLED?

    The bodies of at least 27 people, including 25 children, a teacher, and the jet’s pilot, were pulled out from the debris.

    More than 100 children and 15 other people were also injured, of whom 78 are still admitted in hospitals with burn injuries.

    WHICH AIRCRAFT WAS INVOLVED IN THE INCIDENT?

    The jet was an F-7 fighter aircraft – the final and most advanced variant in China’s Chengdu J-7/F-7 aircraft family, according to Jane’s Information Group.

    Bangladesh had signed a contract in 2011 for 16 such planes, and deliveries were completed by 2013.

    HOW HAVE AUTHORITIES REACTED?

    The Bangladesh Air Force has formed a high-level investigation committee to probe the cause of the accident.

    Muhammad Yunus, the head of the country’s interim government, has also vowed to “take all necessary measures” to investigate its cause.

    In the meantime, the government says it is providing “all kinds of assistance” to those affected.

    (Reuters)

  • It was really possible with his vision: TVS MD on PM Modi’s idea of introducing motorcycle racing in Kutch

    Source: Government of India

    Source: Government of India (4)

    TVS Motor Company Managing Director Sudarshan Venu has credited Prime Minister Narendra Modi for providing a visionary boost to tourism in Gujarat’s Kutch region by encouraging the concept of motorcycle racing.

    According to Venu, the initiative helped transform the desert expanse into a magnet for motor enthusiasts and tourists alike.

    While sharing his experience with the ‘Modi Story’, Venu recalled a conversation he had with the Prime Minister that led to the bold idea of combining motorcycle sport with tourism in Kutch.

    “I was fortunate to talk to him a bit about what we are doing on racing. And he said you must develop tourism in India, and use these opportunities for that, and do something in Kutch during the Kutch festival. And we got hundreds of riders to ride there, to do stunt shows, to engage with the local community, but also to get riders from all parts to come there and see what Kutch is, a really beautiful place, and to expose everybody to that, and to further the brand of India in India and abroad,” Venu said.

    “It creates a sense of confidence, a sense of exploration, and a sense of fun, and this was really possible with PM Modi’s vision,” he added.

    Praising the Prime Minister’s wide-ranging influence on Indian industry, Venu added, “On the other hand, you also see him (addressing) tangible issues, how do we make in India, how do we design in India? How do MSMEs prosper? So at multiple levels, he is able to connect with people and give them ideas and inspire them to do better. That is really important. So I really cherish these ideas and try to implement them.”

    Earlier on Sunday, Prime Minister Modi met with Sudarshan Venu and Venu Srinivasan, Chairman Emeritus of TVS Motor Company.

    During the meeting, they presented the Prime Minister with the TVSM x Rann Utsav 2025 Coffee Table Book, which showcases the beauty of Kutch and the synergy between motorsports and regional tourism.

    “Glad to have met Shri Venu Srinivasan Ji and Mr. Sudarshan Venu. I commend them for the effort to chronicle the beauty of Kutch and also encourage motorcyclists to go there,” PM Modi wrote in a post on X following the meeting.

    TVS’s motorcycle racing initiative in Kutch has now become a case study in how motorsports and festivals can come together to create lasting tourism value, all driven by the Prime Minister’s vision of showcasing India’s diverse landscapes and talent.

    (IANS)

  • Heavy rain to lash Nilgiris, Coimbatore; Chennai to see dip in temperature

    Source: Government of India

    Source: Government of India (4)

    Heavy rain is expected to lash the Nilgiris district and the Ghat areas of Coimbatore district, with the Regional Meteorological Centre (RMC) forecasting intense rainfall activity at isolated locations on Tuesday.

    The warning comes as Tamil Nadu continues to witness a change in weather patterns driven by an upper-air cyclonic circulation over the Bay of Bengal.

    According to the RMC, the cyclonic circulation lies over south Odisha and extends up to 5.8 km above mean sea level, tilting southeastward with height. This system, which initially stretched from south Odisha to north coastal Andhra Pradesh, is influencing widespread weather activity across Tamil Nadu and Puducherry.

    In Chennai, a dip in temperature was recorded after widespread drizzle and overcast skies on Monday.

    Nungambakkam recorded a maximum temperature of 31.3 degrees Celsius, marking a departure of 4.2 degrees from the normal, while Meenambakkam recorded 31.7 degrees, with a deviation of 3.9 degrees from the usual maximum.

    The weather department has predicted partly cloudy skies for Chennai on Tuesday, with light showers likely in some parts of the city and suburbs.

    Thunderstorms and lightning are also expected at a few places across Tamil Nadu and Puducherry, along with wind speeds reaching 40–50 kmph in some areas.

    The forecast indicates that light to moderate rain is likely at isolated places across Tamil Nadu and Puducherry till July 27.

    The temperature in Chennai is expected to remain between 32-35 degrees Celsius during the day and around 26-28 degrees Celsius at night for the next five days.

    Thanjavur recorded the highest maximum temperature in the state at 38 degrees Celsius on Monday, while Karur Paramathi reported the lowest minimum temperature at 21 degrees Celsius among the plains. Meanwhile, Chennai has received 19.8 cm of rainfall from June 1 to July 21 this year — significantly higher than the normal average of 13.17 cm for the same period, according to RMC data.

    (IANS)

  • UAE Introduces Sugar-Based Tax on Sweetened Beverages to Promote Healthier Choices

    Source: Government of India

    Source: Government of India (4)

    The United Arab Emirates (UAE) is set to implement a paradigm shift in its policy regarding excise tax on sugar-sweetened beverages (SSBs) from January 2026, announced the Ministry of Finance and Federal Tax Authority (FTA) .The new rule will shift from a flat 50% tax rate to a tiered volumetric model, where the tax per liter is directly linked to the sugar content per 100ml of a beverage. This move aims to reduce sugar consumption, promote healthier dietary habits, and combat lifestyle-related diseases such as obesity and Type 2 diabetes.

    Under the current system, introduced in 2017 and expanded in 2019, all sweetened beverages—including carbonated drinks, energy drinks, and products with added sugars or sweeteners, are subject to a uniform 50% excise tax. The new tiered system will impose higher taxes on beverages with greater sugar content, incentivizing manufacturers to reformulate their products to lower sugar levels. “The updated mechanism encourages manufacturers to reduce added sugars and empowers consumers to make more informed dietary choices,” the Ministry of Finance stated.

    Health experts have praised the initiative as a significant step toward addressing public health challenges in the UAE, where the prevalence of diabetes among adults is approximately 20.7%, according to 2024 statistics from the International Diabetes Federation. This policy is commendable in the fight against obesity, metabolic syndrome, and Type 2 diabetes.”The policy aligns with the UAE’s broader health strategy and sustainable development goals, developed in coordination with the Ministry of Health and Prevention.The UAE’s innovative approach to taxing sweetened beverages based on sugar content positions the country as a leader in using fiscal policy to drive public health outcomes, with potential ripple effects across the region.

     

  • Heavy rain triggers flood-like situation in J&K’s Rajouri; schools closed

    Source: Government of India

    Source: Government of India (4)

    A flood-like situation has developed in Jammu and Kashmir’s Rajouri district after the Dharhali and Saktoh rivers swelled significantly due to incessant rainfall, officials said on Tuesday.

    As a precautionary measure, the Rajouri District Administration has ordered the closure of all government and private schools across the district for the day.

    Authorities are closely monitoring the situation as continuous downpours have led to waterlogging and disrupted daily life, particularly in several low-lying areas. No casualties or major damage have been reported so far.

    In response to the weather-induced challenges, the Border Roads Organisation (BRO) has intensified road construction activities in the hilly Pir Panjal region of Rajouri to enhance connectivity and address waterlogging issues in towns such as Kotranka, Samote, and Budhal.

    “Wherever waterlogging is an issue, especially in market areas, we are constructing concrete pavements,” said Sanjay Sharma, a BRO engineer. “Drains in these markets often clog, causing water to overflow onto roads. We have now covered those areas with concrete pavements and are also repairing damaged road sections,” he added.

    Sharma noted that the initiative is aimed at ensuring smoother travel, reducing disruptions, and improving road safety. Regular maintenance work is ongoing to sustain the improvements.

    (ANI)

     

  • Heavy rain triggers flood-like situation in J&K’s Rajouri; schools closed

    Source: Government of India

    Source: Government of India (4)

    A flood-like situation has developed in Jammu and Kashmir’s Rajouri district after the Dharhali and Saktoh rivers swelled significantly due to incessant rainfall, officials said on Tuesday.

    As a precautionary measure, the Rajouri District Administration has ordered the closure of all government and private schools across the district for the day.

    Authorities are closely monitoring the situation as continuous downpours have led to waterlogging and disrupted daily life, particularly in several low-lying areas. No casualties or major damage have been reported so far.

    In response to the weather-induced challenges, the Border Roads Organisation (BRO) has intensified road construction activities in the hilly Pir Panjal region of Rajouri to enhance connectivity and address waterlogging issues in towns such as Kotranka, Samote, and Budhal.

    “Wherever waterlogging is an issue, especially in market areas, we are constructing concrete pavements,” said Sanjay Sharma, a BRO engineer. “Drains in these markets often clog, causing water to overflow onto roads. We have now covered those areas with concrete pavements and are also repairing damaged road sections,” he added.

    Sharma noted that the initiative is aimed at ensuring smoother travel, reducing disruptions, and improving road safety. Regular maintenance work is ongoing to sustain the improvements.

    (ANI)

     

  • Heavy rain triggers flood-like situation in J&K’s Rajouri; schools closed

    Source: Government of India

    Source: Government of India (4)

    A flood-like situation has developed in Jammu and Kashmir’s Rajouri district after the Dharhali and Saktoh rivers swelled significantly due to incessant rainfall, officials said on Tuesday.

    As a precautionary measure, the Rajouri District Administration has ordered the closure of all government and private schools across the district for the day.

    Authorities are closely monitoring the situation as continuous downpours have led to waterlogging and disrupted daily life, particularly in several low-lying areas. No casualties or major damage have been reported so far.

    In response to the weather-induced challenges, the Border Roads Organisation (BRO) has intensified road construction activities in the hilly Pir Panjal region of Rajouri to enhance connectivity and address waterlogging issues in towns such as Kotranka, Samote, and Budhal.

    “Wherever waterlogging is an issue, especially in market areas, we are constructing concrete pavements,” said Sanjay Sharma, a BRO engineer. “Drains in these markets often clog, causing water to overflow onto roads. We have now covered those areas with concrete pavements and are also repairing damaged road sections,” he added.

    Sharma noted that the initiative is aimed at ensuring smoother travel, reducing disruptions, and improving road safety. Regular maintenance work is ongoing to sustain the improvements.

    (ANI)

     

  • Parliament passes ‘Bills of Lading, 2025’ to modernize maritime law in India

    Source: Government of India

    Source: Government of India (4)

    In a landmark development for India’s maritime sector, Parliament on Monday passed the Bills of Lading, 2025, replacing the 169-year-old colonial-era Indian Bills of Lading Act, 1856. The Rajya Sabha cleared the bill on the first day of the Monsoon Session, following its earlier passage in the Lok Sabha in March 2025. The bill now awaits Presidential assent before becoming law.

    Tabled by Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal, the bill marks a significant step in India’s efforts to overhaul outdated legal frameworks and align them with contemporary global standards. Once enacted, the legislation will simplify maritime shipping documentation in India, making it more transparent, efficient, and in tune with international trade practices.

    Speaking in the Rajya Sabha, Minister Sonowal emphasized that the reform is part of the government’s broader mission to build a “Viksit Bharat” by 2047, as envisioned by Prime Minister Narendra Modi. “This vision is not merely aspirational; it is a call to action, urging us to align our efforts and aspirations with the promise of a new and prosperous Bharat,” he said.

    The Bills of Lading, 2025 introduces modern, business-friendly terminology and streamlines the rights and obligations of carriers, shippers, and lawful holders. It aims to reduce ambiguity in shipping documentation, minimize litigation risks, and strengthen India’s position in global trade by adopting internationally recognized norms.

    The new legislation also features simplified legal language and restructures complex provisions. It includes an enabling clause empowering the Central Government to issue directives for effective implementation. A standard repeal and saving clause ensures that all past actions under the old Act remain valid, maintaining legal continuity.

    Minister Sonowal described the passage of the bill as a decisive move away from colonial legacies and toward a legal system that reflects India’s constitutional values and current economic aspirations. “As we reflect on the 76th year since the adoption of the Indian Constitution, it is the perfect moment to cast aside the remnants of colonial and pre-constitutional legacies that hinder our progress,” he said.

  • Parliament passes ‘Bills of Lading, 2025’ to modernize maritime law in India

    Source: Government of India

    Source: Government of India (4)

    In a landmark development for India’s maritime sector, Parliament on Monday passed the Bills of Lading, 2025, replacing the 169-year-old colonial-era Indian Bills of Lading Act, 1856. The Rajya Sabha cleared the bill on the first day of the Monsoon Session, following its earlier passage in the Lok Sabha in March 2025. The bill now awaits Presidential assent before becoming law.

    Tabled by Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal, the bill marks a significant step in India’s efforts to overhaul outdated legal frameworks and align them with contemporary global standards. Once enacted, the legislation will simplify maritime shipping documentation in India, making it more transparent, efficient, and in tune with international trade practices.

    Speaking in the Rajya Sabha, Minister Sonowal emphasized that the reform is part of the government’s broader mission to build a “Viksit Bharat” by 2047, as envisioned by Prime Minister Narendra Modi. “This vision is not merely aspirational; it is a call to action, urging us to align our efforts and aspirations with the promise of a new and prosperous Bharat,” he said.

    The Bills of Lading, 2025 introduces modern, business-friendly terminology and streamlines the rights and obligations of carriers, shippers, and lawful holders. It aims to reduce ambiguity in shipping documentation, minimize litigation risks, and strengthen India’s position in global trade by adopting internationally recognized norms.

    The new legislation also features simplified legal language and restructures complex provisions. It includes an enabling clause empowering the Central Government to issue directives for effective implementation. A standard repeal and saving clause ensures that all past actions under the old Act remain valid, maintaining legal continuity.

    Minister Sonowal described the passage of the bill as a decisive move away from colonial legacies and toward a legal system that reflects India’s constitutional values and current economic aspirations. “As we reflect on the 76th year since the adoption of the Indian Constitution, it is the perfect moment to cast aside the remnants of colonial and pre-constitutional legacies that hinder our progress,” he said.

  • Google clinches milestone gold at global math competition, while OpenAI also claims win

    Source: Government of India

    Source: Government of India (4)

    Alphabet’s Google and OpenAI said their artificial-intelligence models won gold medals at a global mathematics competition, signaling a breakthrough in math capabilities in the race to build systems that can rival human intelligence.

    The results marked the first time that AI systems crossed the gold-medal scoring threshold at the International Mathematical Olympiad (IMO) for high-school students.

    Both companies’ models solved five out of six problems, achieving the result using general-purpose “reasoning” models that processed mathematical concepts using natural language, in contrast to the previous approaches used by AI firms.

    While Google DeepMind worked with the IMO to have their models graded and certified by the committee, OpenAI did not officially enter the competition. The startup revealed their models have achieved a gold medal-worthy score on this year’s questions on Saturday, citing grades by three external IMO medalists.

    The achievement suggests AI is less than a year away from being used by mathematicians to crack unsolved research problems at the frontier of the field, according to Junehyuk Jung, a math professor at Brown University and visiting researcher in Google’s DeepMind AI unit.

    “I think the moment we can solve hard reasoning problems in natural language will enable the potential for collaboration between AI and mathematicians,” Jung told Reuters.

    OpenAI’s breakthrough was achieved with a new experimental model centered on massively scaling up “test-time compute.” This was done by both allowing the model to “think” for longer periods and deploying parallel computing power to run numerous lines of reasoning simultaneously, according to Noam Brown, researcher at OpenAI. Brown declined to say how much in computing power it cost OpenAI, but called it “very expensive.”

    To OpenAI researchers, it is another clear sign that AI models can command extensive reasoning capabilities that could expand into other areas beyond math.

    The optimism is shared by Google researchers, who believe AI models’ capabilities can apply to research quandaries in other fields such as physics, said Jung, who won an IMO gold medal as a student in 2003.

    Of the 630 students participating in the 66th IMO on the Sunshine Coast in Queensland, Australia, 67 contestants, or about 11%, achieved gold-medal scores.

    Google’s DeepMind AI unit last year achieved a silver medal score using AI systems specialized for math. This year, Google used a general-purpose model called Gemini Deep Think, a version of which was previously unveiled at its annual developer conference in May.

    Unlike previous AI attempts that relied on formal languages and lengthy computation, Google’s approach this year operated entirely in natural language and solved the problems within the official 4.5-hour time limit, the company said in a blog post.

    OpenAI, which has its own set of reasoning models, similarly built an experimental version for the competition, according to a post by researcher Alexander Wei on social media platform X. He noted that the company does not plan to release anything with this level of math capability for several months.

    This year marked the first time the competition coordinated officially with some AI developers, who have for years used prominent math competitions like IMO to test model capabilities. IMO judges certified the results of those companies, including Google, and asked them to publish results on July 28.

    “We respected the IMO Board’s original request that all AI labs share their results only after the official results had been verified by independent experts and the students had rightly received the acclamation they deserved,” Google DeepMind CEO Demis Hassabis said on X on Monday.

    OpenAI, which published its results on Saturday and first claimed gold-medal status, said in an interview that it had permission from an IMO board member to do so after the closing ceremony on Saturday.

    (Reuters)

  • Google clinches milestone gold at global math competition, while OpenAI also claims win

    Source: Government of India

    Source: Government of India (4)

    Alphabet’s Google and OpenAI said their artificial-intelligence models won gold medals at a global mathematics competition, signaling a breakthrough in math capabilities in the race to build systems that can rival human intelligence.

    The results marked the first time that AI systems crossed the gold-medal scoring threshold at the International Mathematical Olympiad (IMO) for high-school students.

    Both companies’ models solved five out of six problems, achieving the result using general-purpose “reasoning” models that processed mathematical concepts using natural language, in contrast to the previous approaches used by AI firms.

    While Google DeepMind worked with the IMO to have their models graded and certified by the committee, OpenAI did not officially enter the competition. The startup revealed their models have achieved a gold medal-worthy score on this year’s questions on Saturday, citing grades by three external IMO medalists.

    The achievement suggests AI is less than a year away from being used by mathematicians to crack unsolved research problems at the frontier of the field, according to Junehyuk Jung, a math professor at Brown University and visiting researcher in Google’s DeepMind AI unit.

    “I think the moment we can solve hard reasoning problems in natural language will enable the potential for collaboration between AI and mathematicians,” Jung told Reuters.

    OpenAI’s breakthrough was achieved with a new experimental model centered on massively scaling up “test-time compute.” This was done by both allowing the model to “think” for longer periods and deploying parallel computing power to run numerous lines of reasoning simultaneously, according to Noam Brown, researcher at OpenAI. Brown declined to say how much in computing power it cost OpenAI, but called it “very expensive.”

    To OpenAI researchers, it is another clear sign that AI models can command extensive reasoning capabilities that could expand into other areas beyond math.

    The optimism is shared by Google researchers, who believe AI models’ capabilities can apply to research quandaries in other fields such as physics, said Jung, who won an IMO gold medal as a student in 2003.

    Of the 630 students participating in the 66th IMO on the Sunshine Coast in Queensland, Australia, 67 contestants, or about 11%, achieved gold-medal scores.

    Google’s DeepMind AI unit last year achieved a silver medal score using AI systems specialized for math. This year, Google used a general-purpose model called Gemini Deep Think, a version of which was previously unveiled at its annual developer conference in May.

    Unlike previous AI attempts that relied on formal languages and lengthy computation, Google’s approach this year operated entirely in natural language and solved the problems within the official 4.5-hour time limit, the company said in a blog post.

    OpenAI, which has its own set of reasoning models, similarly built an experimental version for the competition, according to a post by researcher Alexander Wei on social media platform X. He noted that the company does not plan to release anything with this level of math capability for several months.

    This year marked the first time the competition coordinated officially with some AI developers, who have for years used prominent math competitions like IMO to test model capabilities. IMO judges certified the results of those companies, including Google, and asked them to publish results on July 28.

    “We respected the IMO Board’s original request that all AI labs share their results only after the official results had been verified by independent experts and the students had rightly received the acclamation they deserved,” Google DeepMind CEO Demis Hassabis said on X on Monday.

    OpenAI, which published its results on Saturday and first claimed gold-medal status, said in an interview that it had permission from an IMO board member to do so after the closing ceremony on Saturday.

    (Reuters)

  • Rain lashes several parts of Delhi; IMD predicts light rain for next seven days

    Source: Government of India

    Source: Government of India (4)

    Several parts of the national capital witnessed rainfall on Tuesday, offering much-needed relief from the recent spell of heat and contributing to the ongoing monsoon activity across the region.

    According to the India Meteorological Department (IMD), Delhi is likely to experience light to moderate rain accompanied by thunderstorms and lightning on July 22 and 23. The skies will remain generally cloudy during this period, the IMD said in a statement.

    The forecast indicates that light rain will continue through the week, with weather conditions expected to remain similar until July 28.

    Daytime temperatures are likely to fluctuate between 36°C and 23°C over the next seven days, maintaining a relatively cooler atmosphere compared to previous weeks.

    The IMD’s extended forecast suggests consistent light to moderate showers throughout the week, ensuring ongoing relief from heat and supporting monsoon conditions in the city.

    (with inputs from ANI)

  • Rain lashes several parts of Delhi; IMD predicts light rain for next seven days

    Source: Government of India

    Source: Government of India (4)

    Several parts of the national capital witnessed rainfall on Tuesday, offering much-needed relief from the recent spell of heat and contributing to the ongoing monsoon activity across the region.

    According to the India Meteorological Department (IMD), Delhi is likely to experience light to moderate rain accompanied by thunderstorms and lightning on July 22 and 23. The skies will remain generally cloudy during this period, the IMD said in a statement.

    The forecast indicates that light rain will continue through the week, with weather conditions expected to remain similar until July 28.

    Daytime temperatures are likely to fluctuate between 36°C and 23°C over the next seven days, maintaining a relatively cooler atmosphere compared to previous weeks.

    The IMD’s extended forecast suggests consistent light to moderate showers throughout the week, ensuring ongoing relief from heat and supporting monsoon conditions in the city.

    (with inputs from ANI)

  • South Korea’s Lee orders all-out effort to find missing after floods

    Source: Government of India

    Source: Government of India (4)

    South Korea’s President Lee Jae Myung told public officials on Tuesday to “spare no effort” in the search for missing people and on damage recovery after days of torrential rains left a trail of destruction in various parts of the country.

    The wet weather has now subsided, though media reports said heavy rainfall was drenching parts of North Korea.

    Some 19 people have died and nine were still missing in South Korea as of Tuesday morning, while 2,549 people remained displaced, the Ministry of the Interior and Safety said.

    Damage to property was extensive with some 3,776 facilities, including homes, shops and factories needing to be cleared of water, debris and earth, it said.

    Noting the limitations of existing methods in coping with last week’s rain, Lee ordered the prime minister and all related ministries to establish a comprehensive response system for natural disasters by region and type.

    Lee also told a cabinet meeting to “strictly crack down on mindless public officials who enjoy dancing and drinking at.. locations where people are dying.”

    The president’s approval rating fell to 62.2% from 64.6% previously according to pollster Realmeter, in a survey conducted last week during the torrential rains.

    Lee, who took office in June, has promised to make the country safer and to prevent any repeat of the disasters in recent years that have often been blamed on the inadequate response by authorities.

    (Reuters)

  • GST at Eight Years: Report Highlights Growth in Revenue and growing Women’s Inclusion in Formal Economy

    Source: Government of India

    Source: Government of India (4)

    There are over 1.52 crore active Goods and Services Tax (GST) registrations and one-fifth of registered GST taxpayers in India now have at least one woman, and 14 per cent of registered taxpayers have all female members (on the basis of the constitution of business), an SBI report revealed on Tuesday.

    This representation is substantially high in limited liability partnership (LLP) and private limited companies and the vectors of increased formalization and momentum in corporate playbook augur well for equitable representation in the offing, according to the SBI’s Economic Research Department report.

    “This data, along-with 15 per cent share of women in overall income taxpayers and 40 per cent in overall deposits, mirrors women empowerment,” said Dr Soumya Kanti Ghosh, Group Chief Economic Advisor, SBI.

    In just five years (FY21-FY25), gross GST collection doubled and even average monthly gross GST collection is now Rs 2 lakh crore. Top five states account for 41 per cent of gross revenue and six states have crossed Rs 1 lakh crore mark, Dr Ghosh added.

    States having GST collection of more than Rs 1 lakh crore have Integrated Goods and Service Tax (IGST) share of more than 30 per cent in their total domestic collection, emphasising the contribution of larger states in pushing GST collection across other states.

    On July 1, the GST completed eight years since its rollout. Introduced in 2017 as a major step towards economic integration, GST replaced a maze of indirect taxes with a single, unified system.

    It made tax compliance easier, reduced costs for businesses, and allowed goods to move freely across states. By improving transparency and efficiency, GST helped lay the foundation for a stronger, more integrated economy.

    “Our results indicate that convergence pattern strengthens over time, peaking in FY25 across all quantiles. By FY25, convergence is strong across the spectrum, indicating a broad-based equalising effect of GST,” said Dr Ghosh.

    Surprisingly, some of the larger and richer states like Telangana, Tamil Nadu, Kerala, Andhra Pradesh and even Karnataka have low share in active GST taxpayers vis-a-vis the state’s share in overall GSDP (Gross State Domestic Product).

    “Interestingly, states like Uttar Pradesh, Bihar and Gujarat share in total GST taxpayers is larger than the state’s share in overall GSDP. This indicate that there is still a vast untapped potential in GST in these states,” the report mentioned.

    (IANS)

  • PM Modi extends birthday greetings to Maha CM Fadnavis, Deputy CM Ajit Pawar

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Tuesday extended warm birthday wishes to Maharashtra Chief Minister Devendra Fadnavis and Deputy Chief Minister Ajit Pawar, lauding their contributions to the state and wishing them long and healthy lives.

    Fadnavis, born on July 22, 1970, in Nagpur and Pawar, born on the same date in 1959 in Maharashtra’s Ahmednagar district, received praise and blessings from leaders across the political spectrum.

    Taking to X, PM Modi wrote, “Best wishes to Maharashtra Chief Minister, Shri Devendra Fadnavis Ji on his birthday. He’s working tirelessly for Maharashtra’s progress and empowering the poor and downtrodden. May he lead a long and healthy life in service of the people.”

    For Ajit Pawar, who leads the Nationalist Congress Party (NCP) faction aligned with the Mahayuti, PM Modi posted, “Birthday greetings to Shri Ajit Pawar Ji. He is making a valuable contribution to strengthening the NDA’s good governance agenda in Maharashtra. May he be blessed with a long and healthy life.”

    Union Home Minister Amit Shah also extended heartfelt greetings. “Happy birthday to Chief Minister of Maharashtra Shri Devendra Fadnavis. Under the leadership of Modi ji, you are continuously doing commendable work towards public welfare and revival of cultural heritage in Maharashtra,” Shah wrote on X.

    “We are also moving forward firmly on the path of public welfare by providing basic facilities to the poor, deprived and exploited in a transparent manner. May Ganpati Bappa grant you long life and healthy life,” he added.

    For Ajit Pawar, Shah wrote, “Heartiest birthday wishes to Maharashtra Deputy Chief Minister Ajit Pawar. You are playing a commendable role in bringing the work of the Mahayuti government to the ground in Maharashtra. I pray to God for your good health and long life.”

    Joining in the celebrations, Deputy Chief Minister Eknath Shinde offered his wishes to both leaders.

    In a message posted in Marathi (loosely translated into English), he wrote, “Heartfelt birthday wishes to the Honourable Chief Minister Devendraji Fadnavis, the steadfast warrior of Maharashtra’s development journey! A trusted friend and colleague of the Mahayuti alliance, leading all comrades with strength, a leader who amplifies the voice of the people, taking bold steps in Maharashtra’s journey toward prosperity.”

    He further praised Fadnavis as “an excellent administrator, a wise leader with expertise in economics and law, and a visionary leader,” and prayed for his long and healthy life.

    Wishing his counterpart Ajit Pawar, Shinde wrote, “Heartfelt birthday wishes to Deputy Chief Minister Hon. Ajitdada Pawar, who steadfastly supports the Mahayuti! An exceptional administrator with a remarkable grasp of economics, a steadfast companion of visionary development, and a sensitive and punctual leader who carries the aspirations of Maharashtra’s progress — that’s our Ajitdada.”

    He added, “To our friend who firmly believes nothing comes before Maharashtra’s development and walks this path with conviction, we pray at the feet of the Almighty for a long and healthy life!”

    (IANS)

  • PM Modi extends birthday greetings to Maha CM Fadnavis, Deputy CM Ajit Pawar

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Tuesday extended warm birthday wishes to Maharashtra Chief Minister Devendra Fadnavis and Deputy Chief Minister Ajit Pawar, lauding their contributions to the state and wishing them long and healthy lives.

    Fadnavis, born on July 22, 1970, in Nagpur and Pawar, born on the same date in 1959 in Maharashtra’s Ahmednagar district, received praise and blessings from leaders across the political spectrum.

    Taking to X, PM Modi wrote, “Best wishes to Maharashtra Chief Minister, Shri Devendra Fadnavis Ji on his birthday. He’s working tirelessly for Maharashtra’s progress and empowering the poor and downtrodden. May he lead a long and healthy life in service of the people.”

    For Ajit Pawar, who leads the Nationalist Congress Party (NCP) faction aligned with the Mahayuti, PM Modi posted, “Birthday greetings to Shri Ajit Pawar Ji. He is making a valuable contribution to strengthening the NDA’s good governance agenda in Maharashtra. May he be blessed with a long and healthy life.”

    Union Home Minister Amit Shah also extended heartfelt greetings. “Happy birthday to Chief Minister of Maharashtra Shri Devendra Fadnavis. Under the leadership of Modi ji, you are continuously doing commendable work towards public welfare and revival of cultural heritage in Maharashtra,” Shah wrote on X.

    “We are also moving forward firmly on the path of public welfare by providing basic facilities to the poor, deprived and exploited in a transparent manner. May Ganpati Bappa grant you long life and healthy life,” he added.

    For Ajit Pawar, Shah wrote, “Heartiest birthday wishes to Maharashtra Deputy Chief Minister Ajit Pawar. You are playing a commendable role in bringing the work of the Mahayuti government to the ground in Maharashtra. I pray to God for your good health and long life.”

    Joining in the celebrations, Deputy Chief Minister Eknath Shinde offered his wishes to both leaders.

    In a message posted in Marathi (loosely translated into English), he wrote, “Heartfelt birthday wishes to the Honourable Chief Minister Devendraji Fadnavis, the steadfast warrior of Maharashtra’s development journey! A trusted friend and colleague of the Mahayuti alliance, leading all comrades with strength, a leader who amplifies the voice of the people, taking bold steps in Maharashtra’s journey toward prosperity.”

    He further praised Fadnavis as “an excellent administrator, a wise leader with expertise in economics and law, and a visionary leader,” and prayed for his long and healthy life.

    Wishing his counterpart Ajit Pawar, Shinde wrote, “Heartfelt birthday wishes to Deputy Chief Minister Hon. Ajitdada Pawar, who steadfastly supports the Mahayuti! An exceptional administrator with a remarkable grasp of economics, a steadfast companion of visionary development, and a sensitive and punctual leader who carries the aspirations of Maharashtra’s progress — that’s our Ajitdada.”

    He added, “To our friend who firmly believes nothing comes before Maharashtra’s development and walks this path with conviction, we pray at the feet of the Almighty for a long and healthy life!”

    (IANS)

  • Sensex, Nifty open higher as banking stocks continue to gain

    Source: Government of India

    Source: Government of India (4)

    The Indian stock market opened in the green on Tuesday as heavyweight banking stocks continued to lead amid mixed global cues.

    At 9.23 am, Sensex was up 152 points or 0.19 per cent at 82,359 and Nifty was up 38 points or 0.15 per cent at 25,129.

    Banking stocks were leading the market. Nifty Bank was up 0.30 per cent, higher than the main indices.

    Buying was also seen in the midcap and smallcap stocks. Nifty midcap 100 index was up 45 points or 0.08 per cent at 59,514 and Nifty smallcap 100 index was up 80 points or 0.42 per cent at 19,038.

    Among the sectoral indices, PSU bank, financial services, metal, media, energy and private bank were in the green. Pharma, IT, auto and FMCG were in the red.

    In the Sensex pack, Eternal, Trent, Tata Steel, ICICI Bank, HDFC Bank, TCS, BEL, HCLTech, NTPC and SBI were top gainers. Tata Motors, Bajaj Finserv, Sun Pharma, M&M, Bharti Airtel, Maruti Suzuki, L&T, HUL and Asian Paints were top losers.

    “The Nifty 50, after a strong rebound from its intraday low of 24,900, surged nearly 225 points to close above the 25,000 mark, forming a bullish candlestick pattern. The rebound from the 50-day EMA indicates a potential trend reversal, though confirmation through follow-up buying is awaited,” said Mandar Bhojane of Choice Equity Broking Private Limited.

    On the upside, a sustained move above 25,150 could pave the way toward 25,250. Key support levels remain at 25,000 and 24,900, which may offer favourable risk-reward opportunities for long positions, he added.

    Most Asian markets kept to a tight range. Tokyo and Seoul were in the red while Shanghai, Hong Kong and Jakarta were in the green. US markets closed in the mixed zone. Dow Jones was in the red and Nasdaq was in the green.

    On July 21, foreign institutional investors (FIIs) were net sellers for the third consecutive session, offloading equities worth Rs 1,681 crore. In contrast, domestic institutional investors (DIIs) remained strong buyers for the 11th straight day, purchasing equities worth Rs 3,578 crore.

    (IANS)

  • Amarnath Yatra sees huge rush of pilgrims, 3.21 lakh had ‘darshan’ in 19 days

    Source: Government of India

    Source: Government of India (4)

    The ongoing Amarnath Yatra has witnessed an overwhelming turnout, with more than 3.21 lakh devotees having undertaken the pilgrimage in the last 19 days since it commenced on July 3. On Tuesday, another batch of 3,536 pilgrims departed from Jammu for the holy cave in Kashmir.

    According to officials, “A fresh batch of 3,536 Yatris left the Bhagwati Nagar Yatri Niwas in Jammu today in two escorted convoys headed for the Valley. The first convoy of 48 vehicles, carrying 1,250 pilgrims, departed at 3:33 a.m. for the Baltal base camp, while the second convoy of 84 vehicles, with 2,286 pilgrims, left at 4:06 a.m. for the Pahalgam base camp.”

    “There is a huge rush of Yatris, with thousands arriving daily from across the country at the twin base camps to undertake the Yatra,” added the officials.

    Extensive multi-tier security arrangements have been put in place to ensure the safety of pilgrims. An additional 180 companies of Central Armed Police Forces (CAPFs) have been deployed to strengthen the existing presence of the Army, BSF, CRPF, SSB, and local police. The Army has stationed over 8,000 special commandos along the route to secure the pilgrimage.

    The Amarnath Yatra 2025 will continue for 38 days, concluding on August 9, which coincides with Shravan Purnima and Raksha Bandhan.

    (With inputs from IANS)

  • South Korea finance minister, trade envoy to hold tariff talks with US counterparts

    Source: Government of India

    Source: Government of India (4)

    South Korea’s new finance minister and the country’s top trade envoy will meet in Washington with U.S. counterparts on Friday for talks on U.S. tariffs, Finance Minister Koo Yun-cheol said on Tuesday.

    The country’s foreign and industry ministers will also visit the U.S. for trade discussions as early as this week, Koo told reporters after a meeting of economic ministers.

    Koo took office on Monday.

    The four officials complete a new cabinet team under President Lee Jae Myung who was sworn in on June 4 after winning a snap election called after his predecessor’s ouster for trying to declare martial law.

    The political turmoil that ensued delayed South Korea’s response to U.S. President Donald Trump’s punishing tariff regime imposed on dozens of trade partners, including key industrial powerhouses that are also security allies.

    Koo and Minister for Trade Yeo Han-koo will hold talks with U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer on Friday at the request of the U.S. officials, the finance minister said.

    “We’ve had discussions from the perspective of national interest and pragmatism and we’ll do our best to prepare a meticulous strategy until we’re leaving,” Koo said, declining to say whether Seoul was hoping to push back the August 1 deadline before reciprocal tariffs set by Trump are due to come in.

    Yeo said on Tuesday he would seek to base the talks around forming a manufacturing partnership with the United States.

    On Monday, South Korea’s new Industry Minister Kim Jung-kwan said tariff talks were in a critical phase that could result in a range of possible outcomes and pledged an all-out effort to wrap up negotiations by August 1.

    Trump has vowed to slap tariffs on a range of countries including South Korea to reduce what he called unfair trade imbalances.

    On Saturday, Japan’s top tariff negotiator, Ryosei Akazawa, said he planned to visit Washington this week to hold further ministerial-level talks, as Tokyo hopes to clinch a deal by its August 1 deadline.

    (Reuters)