Category: Government of India

  • India–UK CETA to strengthen global footprint of Indian SMEs

    Source: Government of India

    Source: Government of India (4)

    India and the United Kingdom on Thursday signed a landmark Comprehensive Economic and Trade Agreement (CETA), aimed at enhancing access to goods and services between the two countries.

    The agreement, signed in the presence of Prime Minister Narendra Modi and UK Prime Minister Keir Starmer, is set to give a major boost to India’s small and medium enterprises (SMEs), which form the backbone of the country’s economy. SMEs contributed around 30.1% to India’s GDP in 2022–23 and accounted for 45.8% of India’s total exports in 2024–25.

    SMEs benefit from various provisions of the CETA, including through provisions on faster processing at customs, agreements to recognise and facilitate digital systems and paperless trade, and a dedicated chapter to help SMEs. A contact point for SMEs will be established under the ambit of the CETA, facilitating communication and coordination benefiting SMEs.

    In addition to lower tariffs and better market access, SMEs will also benefit from the cooperation between India and the UK on best practices regarding trade education and finance, digital skills, business infrastructure and other important areas, facilitating business opportunities for SMEs.

    The Working Group on Government Procurement and on Innovation enable cooperation to address the issues of SMEs and facilitate participation in government procurement and innovation.

  • India–UK CETA to boost employment, gender equality and youth opportunities

    Source: Government of India

    Source: Government of India (4)

    India and the United Kingdom on Thursday signed a landmark Comprehensive Economic and Trade Agreement (CETA), aimed at enhancing access to goods and services between the two countries.

    The agreement, signed in the presence of Prime Minister Narendra Modi and UK Prime Minister Keir Starmer, will generate tangible employment gains and create brighter futures for Indian workers across multiple sectors. It also focuses on fostering inclusive economic growth by creating meaningful opportunities for women and youth across both nations.

    The immediate removal of duties on Indian products from labour-intensive sectors such as gems and jewellery, textiles, leather and footwear, and food processing will not only boost employment but also directly benefit Indian workers in these industries.

    The CETA offers a range of protections to workers by endorsing internationally recognized labour rights. Workers will benefit from increased public awareness of labour laws and access to impartial and independent tribunals and proceedings for the enforcement of their rights in an accessible and transparent manner.

    Expanding opportunities for women and youth

    India’s youth, aged 15 to 29, make up approximately 27.3% of the population and are key drivers of social and economic change. The CETA is poised to expand high-quality employment pathways for this demographic by easing access to services markets, securing mutual recognition of professional qualifications, and facilitating short-term mobility for talent in sectors such as IT, healthcare, finance, and the creative industries.

    By fostering cooperation on gender-responsive standards, sharing best practices in financial services, and improving digital inclusion, the CETA ensures that women business owners, entrepreneurs, and young professionals can access new markets, acquire valuable information, and participate equitably in global, regional, and domestic economies.

    Dedicated working groups under the CETA will promote activities that address discriminatory practices, encourage diversity, and further gender equality. Lower tariffs on inputs and advanced manufacturing equipment can spur MSME supply-chain integration, creating skilled vocational jobs beyond metros.

    Additionally, the CETA will promote cooperative activities between the Parties that will enable capacity and skill development of workers.

    The CETA also provides enhanced market access for workers which include better mobility access to the UK for Indian workers engaged in maintenance and repair and tourist guides, among others. The CETA and its enhanced market access will create job opportunities for a wide range of workers across various sectors.

  • Parliament Monsoon Session: Both Houses adjourned till Friday amid Opposition protest

    Source: Government of India

    Source: Government of India (4)

    Proceedings in both Houses of Parliament were adjourned for the day on Thursday following continued protests by Opposition members demanding a discussion on the Special Intensive Revision (SIR) of the voter list in Bihar.

    The Lok Sabha and Rajya Sabha will reconvene at 11 a.m. on Friday.

    In the Lok Sabha, uproar broke out during a discussion on the Readjustment of Representation of Scheduled Tribes in Assembly Constituencies of the State of Goa Bill, 2024. Amid the commotion, Krishna Prasad Tenneti, who was chairing the session, adjourned the House for the day.

    Earlier in the day, the Lower House had faced repeated disruptions. The House was initially adjourned till 2 p.m. shortly after convening at 11 a.m., following loud sloganeering by Opposition members. Speaker Om Birla appealed for decorum, expressing concern over the members’ conduct.

    “Such behaviour lowers the dignity of the House,” Birla said, urging members not to raise slogans or carry banners inside the chamber. In a veiled remark directed at the Congress party, the Speaker said, “This is not in a party’s ‘sanskar’, but the new generation is setting a different example for the nation to see.”

    Meanwhile, in the Rajya Sabha, the Carriage of Goods by Sea Bill was under discussion when disruptions resumed. Chairing the House, MP Bhubaneshwar Kalita adjourned the session after Opposition members raised slogans over the SIR issue.

    Speaking to reporters, Congress MP Gaurav Gogoi said, “The Lok Sabha can function if the government agrees to discuss the Special Intensive Revision of the voter list in Bihar. That is our only demand.

    As Parliament heads into another day of the Monsoon Session, tensions between the Treasury and Opposition benches continue to dominate proceedings.

    (With ANI inputs) 

  • India–UK CETA paves global pathways for Indian businesses

    Source: Government of India

    Source: Government of India (4)

    India and the United Kingdom on Thursday signed a landmark Comprehensive Economic and Trade Agreement (CETA), aimed at enhancing access to goods and services between the two countries.

    The agreement, signed in the presence of Prime Minister Narendra Modi and UK Prime Minister Keir Starmer, is poised to offer wide-ranging benefits for Indian businesses, enabling them to expand their global footprint and deepen their presence in the UK market.

    Beyond lower tariffs and broader market access for Indian goods and services, the agreement promotes ease of doing business with the UK through simplified and streamlined customs and trade facilitation processes. This includes established systems like a Single Window and the Authorised Economic Operator framework.

    Moreover, the provision of non-discriminatory treatment for Indian businesses and exporters across goods, services, and government procurement will strengthen their competitive position within the UK market.

    The CETA serves as a strategic catalyst for Indian enterprises operating within the UK, facilitating the optimal deployment of skilled personnel to deliver competitively benchmarked services aligned with UK market expectations.

    Prominent service sector entities, particularly in information technology with an established presence in the UK, stand to benefit from enhanced regulatory certainty regarding visa provisions for the assignment of Indian professionals. This framework is expected to strengthen bilateral economic ties and support the sustained growth of India’s services exports to the UK.

    Businesses will also benefit from the cooperative efforts enshrined in various chapters of the CETA, like the Innovation Working Group and cooperation on digital identities and trade, that will help promote connectivity, digital trade growth, collaboration on best practice principles and innovative opportunities; and responsible business conduction and corporate responsibility practices.

  • India and UK sign landmark trade deal: How CETA could benefit different sections of society

    Source: Government of India

    Source: Government of India (4)

    India and the United Kingdom have inked a landmark Comprehensive Economic and Trade Agreement (CETA), aimed at boosting bilateral trade and investment. The deal is expected to bring substantial benefits across various segments of Indian society.

    By promoting greater market access, technology exchange and investment flows, the agreement would create inclusive and sustainable growth opportunities.

    The CETA document outlines targeted advantages for farmers, fisherfolk, tribal communities, informal and formal workers, women entrepreneurs, youth, MSMEs and professionals.

    It emphasizes trade facilitation, skill development, value chain integration and enhanced mobility. CETA would act as a vehicle for equitable growth, rural upliftment and greater global integration of India’s diverse economic stakeholders.

    Indian farming communities stand to gain from easier access to the UK market and more opportunities to sell their produce due to tariff elimination.

    Among other concessions, the UK will liberalise access, effective from the date of implementation, for a range of Indian agricultural and food products, including meats, dairy, tea, coffee, spices, fruits, vegetables, fruit juices, and processed foods. By unlocking preferential access to the UK’s USD 63.4 billion agricultural market, the Comprehensive Economic and Trade Agreement (CETA) gives Indian farmers a direct route to a high-value global customer base and achieve better returns for their goods.

    The CETA agreement takes fully into account the interests of Indian producers of sensitive agricultural products like dairy products, vegetables, apples, edible oils, oats, etc. by keeping those tariff lines under a sensitive list.

    The agricultural sector also benefits from the non-application of safeguard duties on Indian exports. Farmers will also benefit from commitments taken under the CETA to acknowledge traditional knowledge, especially in the patent process for genetic resources.

    The immediate removal of duties on Indian products from labour-intensive sectors such as gems and jewellery, textiles, leather and footwear, and food processing will not only boost employment but also directly benefit Indian workers in these industries.

    The CETA marks a significant step forward in advancing opportunities for women and youth across both nations. It includes progressive provisions designed to break down barriers and promote greater participation in international trade, digital innovation, and government procurement for women, youth, and under-represented groups.

    By fostering cooperation on gender-responsive standards, sharing best practices in financial services, and improving digital inclusion, the CETA ensures that women business owners, entrepreneurs, and young professionals can access new markets, acquire valuable information, and participate equitably in global, regional, and domestic economies.

    India’s youth, aged 15 to 29 and comprising approximately 27.3% of the population, are at the forefront of the country’s social and economic transformation. The CETA is poised to expand high-quality employment pathways for Indian youth by easing services market access, securing mutual recognition of professional qualifications and facilitating short-term mobility for talent in IT, healthcare, finance, and creative sectors.

    Lower tariffs on inputs and advanced manufacturing equipment can spur MSME supply-chain integration, creating skilled vocational jobs beyond metros. By fostering access to global value chains and enhancing competitiveness, CETA will empower Indian youth with essential skills and pathways to participate in international markets and future growth.

    SMEs are a vital part of India’s economy, contributing around 30.1% of India’s GDP in 2022-23 and 45.8% in India’s total export in 2024-25.

    SMEs benefit from various provisions of the CETA, including through provisions on faster processing at customs, agreements to recognise and facilitate digital systems and paperless trade, and a dedicated chapter to help SMEs. A contact point for SMEs will be established under the ambit of the CETA, facilitating communication and coordination benefiting SMEs.

    Indian businesses will gain a lot from this CETA. Other than lower tariffs and market access for Indian goods and services, the CETA offers ease of doing business with the UK through simplified and streamlined customs and trade facilitation processes from established systems like a Single Window and Authorised Economic Operator.

    Non-discriminatory treatment to Indian businesses and exporters when it comes to goods, services and government procurement, benefits Indian businesses in the UK market.

    Qualified professionals such as architects, engineers and medical professionals will be able to take advantage of the enhanced market access under the CETA and provide services in the UK. This is expected to create direct and indirect jobs through the expansion of service sectors.

    CETA also provides professionals with better mobility access to the UK. Independent professionals providing services such as R&D and computer services will be able to take advantage of these mobility commitments and provide their services in the UK. This will directly lead to job creation and better opportunities for a wide range of professionals, thereby increasing the quality of life.

    The CETA ensures comprehensive market access for goods across most sectors, fully addressing India’s export interests. India stands to benefit from the duty elimination of tariffs on approximately 99% of tariff lines, covering nearly 100% of the trade value.

    This opens up significant opportunities to boost bilateral trade between India and the UK.

    In key labor-intensive sectors, duties have been reduced to zero from previously high levels- up to 20% on marine products, 12% on textiles and clothing, 8% on chemicals, and 10% on base metals. Notably, in the processed food sector, tariffs on 99.7% of lines have been slashed from as high as 70% to zero, offering a major boost for Indian exporters.

    (ANI)

  • India-UK CETA to empower Indian fisherfolk with global opportunities

    Source: Government of India

    Source: Government of India (4)

    The Comprehensive Economic and Trade Agreement (CETA) between India and the United Kingdom is poised to significantly enhance the competitiveness of India’s fishery and aquaculture sector, which accounts for 7.96% of global fish production and supports the livelihoods of approximately 28 million individuals.

    By eliminating tariffs and providing preferential access to the USD 3 billion fisheries market of the UK, the CETA directly benefits Indian seafood exporters, particularly those supplying high-demand products such as shrimp and other seafood.

    The enhanced market access is set to boost exports, which will directly benefit Indian fishermen of Andhra Pradesh, Gujarat, Karnataka, Odisha, and Maharashtra.

    Overall, the CETA will not only strengthen India’s fisheries exports but also contribute to the welfare and livelihoods of fishermen, promote coastal economic development, and enhance the competitiveness of the Indian fisheries sector on the global stage. Through this agreement, India strengthens not only its seafood exports but also its commitment to inclusive and equitable trade.

  • India-UK CETA to boost Indian farmers’ global access and rural prosperity

    Source: Government of India

    Source: Government of India (4)

    The India–UK Comprehensive Economic and Trade Agreement (CETA) will open new avenues of growth for Indian farmers. Focused on tariff elimination and improved market access, the deal promises to connect Indian agricultural producers with the UK’s high-value market, enhance rural prosperity, and strengthen India’s position in global agri-trade.

    Farmers – sow local, sell global

    Indian farming communities stand to gain from easier access to the UK market and more opportunities to sell their produce due to tariff elimination. Among others, UK will liberalise at entry into force Indian meats, dairy products, tea, coffee, spices, fruits, vegetables, fruit juices, and processed agriculture products. By unlocking preferential access to the UK’s USD 63.4 billion agricultural market, the CETA gives Indian farmers a direct route to a high-value global customer base and achieve better returns for their goods.

    The agreement takes fully into account the interests of Indian producers of sensitive agricultural products like dairy products, vegetables, apples, edible oils, oats, etc. by keeping those tariff lines under sensitive list.

    The agricultural sector also benefits from the non-application of safeguard duties on Indian exports. Farmers will benefit from commitments taken under the CETA to acknowledge traditional knowledge, especially in the patent process for genetic resources.

    Additionally, the CETA will facilitate inclusive and tech-agnostic innovation across diverse sectors, including agriculture sector.

    Collectively, the CETA is expected to ensure higher and more stable incomes for Indian farmers, promote rural prosperity, and secure long-term export opportunities—solidifying India’s place as a key player in global agricultural trade.

  • India’s banking sector slated for key turnaround in Q3: Report

    Source: Government of India

    Source: Government of India (4)

    The third quarter (Q3) of FY26 is likely to mark a turning point for India’s banking sector, as net interest margins (NIMs) are expected to stabilise and earnings begin to recover, a new report said on Thursday.

    This positive outlook is supported by easing funding costs, the upcoming reduction in the Cash Reserve Ratio (CRR), and normalisation of credit costs, according to data compiled by Motilal Oswal Financial Services.

    As part of this recovery, private sector banks are showing impressive resilience in maintaining lending yields despite multiple repo rate cuts by the Reserve Bank of India (RBI).

    The report highlights that private banks have been able to raise their spreads on fresh loans — helping them protect profitability in a low-rate environment.

    In May 2025, the weighted average lending rate (WALR) on fresh loans for private banks rose by 7 basis points month-on-month, the report stated.

    This increase reflects strong pricing strategies and credit demand. The spread on fresh rupee loans over the repo rate for private banks has reached its highest level since August 2022 — now at 415 basis points.

    This indicates that the lenders are not only navigating the policy changes effectively but also maintaining healthy margins through strategic loan repricing.

    Private banks also outperformed in terms of WALR on outstanding loans. While the system-wide WALR on outstanding loans fell slightly to 9.67 per cent in May, private lenders saw a 2 basis point increase — bucking the trend.

    On the funding side, deposit rates are beginning to decline gradually. The weighted average term deposit rate (WATDR) for private banks slipped slightly to 7.19 per cent in May, with further reductions expected as banks implement savings and term deposit rate cuts ranging from 20 to 100 basis points.

    The full benefit of these reductions is likely to materialise in the second half of the fiscal year — easing funding pressures, as per the report.

    According to Motilal Oswal, while NIMs may remain under pressure in the near term, they are expected to bottom out by the second or third quarter of FY26.

    The planned phased CRR cut from September 2025 is expected to inject about Rs 2.5 lakh crore of durable liquidity into the banking system — further supporting margin recovery.

    Credit costs are also expected to decline as asset quality stabilises, particularly in the retail and microfinance segments.

    “This improvement will further support the earnings recovery anticipated in the latter half of FY26,” the report added.

    (IANS)

  • Israel studies Hamas reply to Gaza ceasefire plan as fighting continues

    Source: Government of India

    Source: Government of India (4)

    Israel is reviewing a revised response from Hamas to a proposed ceasefire and hostage release deal, Prime Minister Benjamin Netanyahu’s office said on Thursday, as Israeli air and ground strikes continued to pound the Gaza Strip.

    Hamas confirmed it had handed over a new proposal, but did not disclose its contents. A previous version, submitted late on Tuesday, was rejected by mediators as insufficient and was not even passed to Israel, sources familiar with the situation said.

    Both sides are facing huge pressure at home and abroad to reach a deal, with the humanitarian conditions inside Gaza deteriorating sharply amidst widespread, acute hunger in the Palestinian enclave that has shocked the world.

    A senior Israeli official was quoted by local media as saying the new text was something Israel could work with. However, Israel’s Channel 12 said a rapid deal was not within reach, with gaps remaining between the two sides, including over where the Israeli military should withdraw to during any truce.

    A Palestinian official close to the talks told Reuters the latest Hamas position was “flexible, positive and took into consideration the growing suffering in Gaza and the need to stop the starvation”.

    Dozens of people have starved to death in Gaza the last few weeks as a wave of hunger crashes on the Palestinian enclave, according to local health authorities. The World Health Organization said on Wednesday 21 children under the age of five were among those who died of malnutrition so far this year.

    Israel, which cut off all supplies to Gaza from the start of March and reopened it with new restrictions in May, says it is committed to allowing in aid but must control it to prevent it from being diverted by militants.

    It says it has let in enough food for Gaza’s 2.2 million people over the course of the war, and blames the United Nations for being slow to deliver it; the U.N. says it is operating as effectively as possible under conditions imposed by Israel.

    AIRSTRIKES

    The war between Israel and Hamas has been raging for nearly two years since Hamas killed some 1,200 people and took 251 hostages from southern Israel in the deadliest single attack in Israel’s history.

    Israel has since killed nearly 60,000 Palestinians in Gaza, decimated Hamas as a military force, reduced most of the territory to ruins and forced nearly the entire population to flee their homes multiple times.

    Israeli forces on Thursday hit the central Gaza towns of Nuseirat, Deir Al-Balah and Bureij.

    Health officials at Al-Awda Hospital said three people were killed in an airstrike on a house in Nuseirat, three more died from tank shelling in Deir Al-Balah, and separate airstrikes in Bureij killed a man and a woman and wounded several others.

    Nasser hospital said three people were killed by Israeli gunfire while seeking aid in southern Gaza near the so-called Morag axis between Khan Younis and Rafah. The Israeli military said Palestinian militants had fired a projectile overnight from Khan Younis toward an aid distribution site near Morag. It was not immediately clear whether the incidents were linked.

    Washington has been pushing the warring sides towards a deal for a 60-day ceasefire that would free some of the remaining 50 hostages held in Gaza in return for prisoners jailed in Israel, and allow in aid.

    U.S. Middle East peace envoy Steve Witkoff travelled to Europe this week for meetings on the Gaza war and a range of other issues.

    An Israeli official said Strategic Affairs Minister Ron Dermer would meet Witkoff on Friday if the gaps between Israel and Hamas over the terms of a ceasefire had narrowed sufficiently.

    Hamas is facing growing domestic pressure amid deepening humanitarian hardship in Gaza and continued Israeli advances.

    Mediators say the group is seeking a withdrawal of Israeli troops to positions held before March 2, when Israel ended a previous ceasefire, and the delivery of aid under U.N. supervision.

    That would exclude a newly formed U.S.-based group, the Gaza Humanitarian Fund, which began handing out food in May at sites located near Israeli troops who have shot dead hundreds of Palestinians trying to get aid.

    (Reuters)

  • India Celebrates Income Tax Day 2025: A tribute to digital transformation and taxpayer empowerment

    Source: Government of India

    Source: Government of India (4)

    India today commemorates Income Tax Day, marking the 165th anniversary of the introduction of income tax in the country. Celebrated every year on July 24, the day acknowledges the evolution of India’s tax system and its pivotal role in nation-building.

    Income tax was first introduced in India on this day in 1860 by British economist Sir James Wilson to counter the financial strain caused by the First War of Independence in 1857. The framework laid then eventually culminated in the Income Tax Act of 1922 and later the comprehensive Income Tax Act of 1961, which still governs the taxation system in the country today.

    In recent decades, India’s income tax system has undergone a profound digital transformation, shifting from manual record-keeping to a tech-enabled, citizen-friendly administration. The process began with the introduction of the Permanent Account Number (PAN) in 1972, followed by initial computerization in 1981. The current PAN series, introduced in 1995, enabled better tracking and compliance.

    A major technological leap came with the establishment of the Centralized Processing Centre (CPC) in Bengaluru in 2009, allowing for jurisdiction-free, digital processing of tax returns. The Tax Information Network (TIN), and its upgraded version TIN 2.0, further enhanced convenience, offering real-time tax credits and quicker refunds. The Demand Facilitation Centre in Mysuru now serves as a central repository for outstanding tax demands, easing access for both taxpayers and officials.

    The government’s focus on transparency and data-driven governance is also reflected in the use of Project Insight. This integrated data platform enables the Income Tax Department (ITD) to create a 360-degree financial profile of taxpayers by integrating data from various sources, such as GSTN, financial institutions, and property registries. These insights help in detecting discrepancies and prompting voluntary compliance through non-intrusive nudges.

    The Faceless Assessment Scheme, launched in 2019, has revolutionized tax assessments by removing physical interaction between the taxpayer and the tax officer. Taxpayers now receive automated notices, assessments, and communications through a digital platform, enhancing accountability and efficiency.

    Additionally, the Annual Information Statement (AIS), implemented in November 2021, provides individuals with a consolidated view of their financial activity across the year. It pre-fills income tax returns using verified third-party data, minimizing errors and promoting self-compliance. This, along with the e-Verification Scheme, allows discrepancies to be resolved entirely online.

    As part of a continued effort to simplify compliance and encourage voluntary participation, the Finance Act, 2025 has extended the deadline for filing updated income tax returns from 24 months to 48 months. This amendment gives taxpayers more time to correct errors and avoid penalties while ensuring fair contribution.

    Tax collection trends underline the success of these reforms. The total number of Income Tax Returns (ITRs) filed rose by 36% over the past five years, reaching 9.19 crore filings in FY 2024–25, compared to 6.72 crore in FY 2020–21. Gross Direct Tax Collections also saw a sharp rise—from ₹12.31 lakh crore in 2020–21 to ₹27.02 lakh crore in 2024–25, reflecting both economic resilience and improved compliance.

    The Union Budget 2025–26 introduced several relief measures to ease the tax burden on individuals. Under the new tax regime, income up to ₹12 lakh is now tax-free. With the standard deduction of ₹75,000, salaried individuals with income up to ₹12.75 lakh will have zero tax liability. These measures are expected to boost household spending, particularly among the middle class.

    Other notable changes include an increase in TDS and TCS thresholds, decriminalization of TCS payment delays, and full tax exemption for withdrawals from National Savings Scheme (NSS) accounts made after August 29, 2024. The time limit for registering small charitable trusts has also been extended, while taxpayers with two self-occupied properties can now claim exemptions for both without restrictions.

    Significantly, the Income Tax Bill, 2025 has been tabled to replace the Income Tax Act of 1961. While retaining the core principles, the new bill seeks to simplify the language of tax laws, remove redundant provisions, and improve clarity for taxpayers and professionals alike.

  • Russian plane crashes in Russia’s far east, nearly 50 people on board feared dead

    Source: Government of India

    Source: Government of India (4)

    An Antonov An-24 passenger plane carrying about 50 people crashed in Russia’s far east on Thursday and initial information suggested that everyone on board was killed, Russian emergency services officials said.

    The burning fuselage of the plane, which was from the Soviet era and was nearly 50 years old, was spotted on the ground by a helicopter and rescue crews were rushing to the scene.

    Unverified video, shot from a helicopter and posted on social media, appeared to show that the plane had come down in a densely forested area.

    The plane, whose tail number showed it was built in 1976, was operated by a Siberia-based airline called Angara.

    It was en route from the city of Blagoveshchensk to Tynda and dropped off radar screens while approaching Tynda, a remote town in the Amur region bordering China.

    There were 43 passengers, including five children, and six crew members on board according to preliminary data, Vasily Orlov, the regional governor said.

    The emergencies ministry put the number of people on board somewhat lower, at around 40.

    Debris from the plane was found on a hill around 15 km (10 miles) from Tynda, the Interfax news agency quoted emergency service officials as saying.

    “During the search operation, a Mi-8 helicopter belonging to Rossaviatsiya discovered the fuselage of the aircraft, which was on fire,” Yuliya Petina, an emergency services official, wrote on Telegram.

    “Rescuers continue to make their way to the scene of the accident”.

    Authorities announced an investigation into the crash.

    (Reuters)

  • Manufacturing drives India’s flash PMI to 60.7 in July, private sector shows robust growth

    Source: Government of India

    Source: Government of India (4)

    India’s private sector showed robust growth in July, fuelled by strong manufacturing and global demand, the HSBC Flash India Composite Purchasing Managers’ Index (PMI) showed on Thursday.

    The headline HSBC Flash India Composite PMI Output Index, compiled by S&P Global, rose to 60.7 in July from 58.4 in June.

    The Manufacturing PMI index climbed to 59.2 in July from 58.4 in June – its highest level in nearly 17-and-a-half years.

    The Services PMI was 59.8 in July, down from 60.4 in June. While services activity continued to grow, the pace of expansion softened, according to the note.

    “India’s flash composite PMI remained healthy in July at 60.7. The strong performance was bolstered by growth in total sales, export orders, and output levels. Indian manufacturers led the way, recording faster rates of expansion than services for all of the three aforementioned metrics,” said Pranjul Bhandari, chief India economist at HSBC.

    International orders received by private sector firms in India rose sharply at the start of the second fiscal quarter (Q2 FY26).

    “Meanwhile, inflationary pressures continue to heat up as both input costs and output charges rose in July. Finally, business confidence fell to its lowest mark since March 2023, while employment growth moderated,” Bhandari noted.

    The Indian companies remained optimistic about output growth over the next 12 months.

    There is a firm pick-up in employment, especially in the service sector, suggesting healthy job creation accompanies the expansion of both India’s manufacturing and service sectors, according to the note.

    While goods producers indicated the slowest increase in output for three months during May, service providers reported the fastest rise since March 2024.

    At the composite level, the latest upturn was the quickest in just over a year. Monitored companies attributed growth to buoyant demand, investment in technology and expanded capacities, said the HSBC survey.

    (IANS)

  • Supreme Court stays Bombay HC verdict acquitting 12 accused in 2006 Mumbai train blasts case

    Source: Government of India

    Source: Government of India (4)

    The Supreme Court of India on Thursday stayed a Bombay High Court judgment that acquitted 12 men convicted in the 2006 Mumbai train bombings, after the Maharashtra government argued that the ruling could undermine ongoing cases under the Maharashtra Control of Organised Crime Act (MCOCA).

    The court made it clear that its order would not affect the release of the 12 men, all of whom had already been freed following their acquittal.

    A bench of Justices M.M. Sundresh and N. Kotiswar Singh also issued notices to all 12 acquitted individuals and sought their responses to the state’s appeal.

    Solicitor General Tushar Mehta, representing the Maharashtra government, told the court that the state was not seeking to reverse the release of the accused but was concerned about the broader implications of the High Court’s findings. Accepting the argument, the bench said the Bombay High Court’s ruling would not carry precedential value until further orders.

    The High Court, in its judgment delivered on July 21, had overturned the 2015 convictions of the 12 men by a special MCOCA court. Five of the accused had been sentenced to death and the rest to life imprisonment. The court found that the prosecution had failed to establish the charges beyond reasonable doubt, describing the investigation as flawed and marred by procedural lapses.

    Additionally, the court found serious issues with the reliability of eyewitness accounts.

    On July 11, 2006, seven bombs exploded in packed Mumbai local trains, bringing the city to a standstill within 11 minutes.

    The coordinated terror attack left 189 dead and over 800 injured.

  • Parliament Monsoon Session: Lok Sabha adjourned till 2 pm amid sloganeering by Opposition

    Source: Government of India

    Source: Government of India (4)

    The fourth day of the Monsoon Session of Parliament saw continued disruption, with the Lok Sabha adjourned until 2 pm on Thursday following protests by Opposition members over the controversial Special Intensive Revision (SIR) of electoral rolls in Bihar.

    As the House convened at 11 am, Opposition MPs raised slogans and staged a noisy protest, demanding a debate on the Election Commission’s SIR initiative.

    Speaker Om Birla repeatedly appealed for order, but the protests continued, forcing him to suspend proceedings early.

    This marks the fourth consecutive day of disruptions in Parliament, with the Opposition pressing for discussions not only on the Bihar voter verification drive but also on the recent Pahalgam terror attack and Operation Sindoor.

    Before the adjournment, Birla urged Opposition members to maintain decorum, saying the conduct in the House was falling short of expectations.

    Earlier in the day, senior Congress leaders Sonia Gandhi and Priyanka Gandhi Vadra joined the protest at Makar Dwar. Priyanka was seen holding a placard that read, “Democracy in Danger.”

    Opposition leaders have alleged that the SIR exercise unfairly targets marginalised groups and migrant populations, calling it an attempt at “institutional voter cleansing.” Congress MP Manickam Tagore submitted an adjournment motion under Rule 56, describing the EC’s move as “unconstitutional” and an attack on the fundamental right to vote.

    Outside Parliament, AAP Rajya Sabha MP Sanjay Singh echoed these concerns, claiming that residents from Bihar and Purvanchal living in Delhi are being harassed and disenfranchised.

    On Wednesday, both Houses of Parliament had been adjourned multiple times before being suspended for the day.

    (With inputs from IANS)

  • Russia, Ukraine discuss more POW swaps; no deal on ceasefire or leaders’ meeting

    Source: Government of India

    Source: Government of India (4)

    Russia and Ukraine discussed further prisoner swaps on Wednesday at a brief session of peace talks in Istanbul, but the sides remained far apart on ceasefire terms and a possible meeting of their leaders.

    “We have progress on the humanitarian track, with no progress on a cessation of hostilities,” Ukraine’s chief delegate Rustem Umerov said after talks that lasted just 40 minutes.

    He said Ukraine had proposed a meeting before the end of August between Ukraine’s President Volodymyr Zelenskiy and Russian President Vladimir Putin. He added: “By agreeing to this proposal, Russia can clearly demonstrate its constructive approach.”

    Russia’s chief delegate Vladimir Medinsky said the point of a leaders’ meeting should be to sign an agreement, not to “discuss everything from scratch”.

    He renewed Moscow’s call for a series of short ceasefires of 24-48 hours to enable the retrieval of bodies. Ukraine says it wants an immediate and much longer ceasefire.

    The talks took place just over a week after U.S. President Donald Trump threatened heavy new sanctions on Russia and countries that buy its exports unless a peace deal was reached within 50 days.

    There was no sign of any progress towards that goal, although both sides said there was discussion of further humanitarian exchanges following a series of prisoner swaps, the latest of which took place on Wednesday.

    Medinsky said the negotiators agreed to exchange at least 1,200 more prisoners of war from each side, and Russia had offered to hand over another 3,000 Ukrainian bodies.

    He said Moscow was working through a list of 339 names of Ukrainian children that Kyiv accuses it of abducting. Russia denies that charge and says it has offered protection to children separated from their parents during the war.

    “Some of the children have already been returned back to Ukraine. Work is under way on the rest. If their legal parents, close relatives, representatives are found, these children will immediately return home,” Medinsky said.

    Umerov said Kyiv was expecting “further progress” on POWs, adding: “We continue to insist on the release of civilians, including children.” Ukrainian authorities say at least 19,000 children have been forcibly deported.

    SHORTEST TALKS YET

    Before the talks, the Kremlin had played down expectations, describing the two sides’ positions as diametrically opposed and saying no one should expect miracles.

    At 40 minutes, the meeting was even shorter than the two sides’ previous encounters on May 16 and June 2, which lasted a combined total of under three hours.

    Oleksandr Bevz, a member of the Ukrainian delegation, said Kyiv had proposed a Putin-Zelenskiy meeting in August because that would fall within the deadline set by Trump for a deal.

    Putin turned down a previous challenge from Zelenskiy to meet in person and has said he does not see him as a legitimate leader because Ukraine, which is under martial law, did not hold new elections when Zelenskiy’s five-year mandate expired last year.

    Trump has patched up relations with Zelenskiy after a public row with him at the White House in February, and has lately expressed growing frustration with Putin.

    Three sources close to the Kremlin told Reuters last week that Putin, unfazed by Trump’s ultimatum, would keep fighting in Ukraine until the West engaged on his terms for peace, and that his territorial demands may widen as Russian forces advance.

    (Reuters)

  • EU’s von der Leyen says China ties are at ‘inflection point’ at tense summit

    Source: Government of India

    Source: Government of India (4)

    European Commission President Ursula von der Leyen called for an “essential” rebalancing of trade ties with China during a tense summit on Thursday with President Xi Jinping, saying ties stood at an “inflection point”, according to a pool report.

    Expectations were low for the summit marking 50 years of diplomatic ties after weeks of escalating tension and wrangling over its format, with the duration abruptly halved to a single day at Beijing’s request.

    Von der Leyen and European Council President Antonio Costa met Xi at the start of an event set to be dominated by thorny issues ranging from trade frictions to the Ukraine war.

    “As our cooperation has deepened, so have imbalances. We have reached an inflection point,” von der Leyen told Xi during the meeting in the Great Hall of the People.

    She was referring to the EU’s trade deficit with China, which ballooned to a historic 305.8 billion euros ($360 billion) last year.

    “Rebalancing of our bilateral relation is essential … It is vital for China and Europe to acknowledge our respective concerns and come forward with real solutions.”

    However, Xi urged the EU to “make correct strategic choices” during the meeting, state broadcaster CCTV said, in a veiled criticism of Brussels’ hawkish stance on China.

    “The more severe and complex the international situation, the more China and the EU must strengthen communication, enhance mutual trust and deepen cooperation,” Xi told von der Leyen and Costa, it said.

    “Chinese and European leaders should … make correct strategic choices that meet the expectations of the people.”

    The weeks before the summit were dominated by tit-for-tat trade disputes and hawkish European rhetoric, such as a July 8 accusation by von der Leyen that China was flooding global markets as a result of its overcapacity and “enabling Russia’s war economy”.

    Shortly before the summit, however, von der Leyen struck a more conciliatory tone, describing it as an opportunity to “both advance and rebalance our relationship” in a post on X on Thursday.

    “I’m convinced there can be a mutually beneficial cooperation,” von der Leyen added.

    The two EU officials are set to meet Chinese Premier Li Qiang later. Both sides are hoping to reach a modest joint statement on climate, currently one of the only bright spots in EU-China cooperation.

    State news agency Xinhua also appeared to downplay Beijing’s rivalry with the 27-member bloc, saying China was a “critical partner” for Europe, with a range of shared interests.

    “China is a critical partner to Europe, not a systemic rival,” it said in a commentary.

    The two shared interests in trade, climate, and global governance, it said, adding, “These areas of common ground should not be eclipsed by isolated points of friction.”

    The EU defines China as a “partner, competitor and systemic rival”, which frames its strategic approach to China policy.

    At the summit, European leaders are also expected to raise topics such as electric vehicles and Chinese industrial overcapacity.

    China launched rare earth export controls in April that disrupted supply chains worldwide, leading to temporary stoppages in European automotive production lines the following month.

    But its exports of rare earth magnets to the EU surged in June by 245% from May, to stand at 1,364 metric tons, though that was still 35% lower than the year-earlier figure, customs data showed.

    The EU is likely to seal a trade deal with the United States for a broad tariff of 15% on its exports after intense negotiations, avoiding a harsher 30% figure threatened by President Donald Trump.

    (Reuters)

  • Israeli strike kills hungry Gaza family in their sleep

    Source: Government of India

    Source: Government of India (4)

    The Al-Shaer family went to bed hungry at their home in Gaza City. An Israeli airstrike killed them in their sleep.

    The family – freelance journalist Wala al-Jaabari, her husband and their five children – were among more than 100 people killed in 24 hours of Israeli strikes or gunfire, according to health officials.

    Their corpses lay in white shrouds outside their bombed home on Wednesday with their names scribbled in pen. Blood seeped through the shrouds as they lay there, staining them red.

    “This is my cousin. He was 10. We dug them out of the rubble,” Amr al-Shaer, holding one of the bodies after retrieving it.

    Iman al-Shaer, another relative who lives nearby, said the family hadn’t eaten anything before the bombs came down. “The children slept without food,” he said.

    The Israeli military did not immediately comment on the strike at the family’s home, but said its air force had struck 120 targets throughout Gaza in the past day, including “terrorist cells, military structures, tunnels, booby-trapped structures, and additional terrorist infrastructure sites”.

    Relatives said some neighbours were spared only because they had been out searching for food at the time of the strike.

    Ten more Palestinians died overnight from starvation, the Gaza health ministry said, bringing the total number of people who have starved to death to 111, most of them in recent weeks as a wave of hunger crashes on the Palestinian enclave.

    The World Health Organization said on Wednesday 21 children under the age of five were among those who died of malnutrition so far this year. It said it had been unable to deliver any food for nearly 80 days between March and May and that a resumption of food deliveries was still far below what is needed.

    In a statement on Wednesday, 111 organisations, including Mercy Corps, the Norwegian Refugee Council and Refugees International, said mass starvation was spreading even as tons of food, clean water and medical supplies sit untouched just outside Gaza, where aid groups are blocked from accessing them.

    Israel, which cut off all supplies to Gaza from the start of March and reopened it with new restrictions in May, says it is committed to allowing in aid but must control it to prevent it from being diverted by militants. It says it has let enough food into Gaza during the war and blames Hamas for the suffering of Gaza’s 2.2 million people.

    Israel has also accused the United Nations of failing to act in a timely fashion, saying 700 truckloads of aid are idling inside Gaza. “It is time for them to pick it up and stop blaming Israel for the bottlenecks which are occurring,” Israeli government spokesman David Mercer said on Wednesday.

    The United Nations and aid groups trying to deliver food to Gaza say Israel, which controls everything that comes in and out, is choking delivery, and Israeli troops have shot hundreds of Palestinians dead close to aid collection points since May.

    “We have a minimum set of requirements to be able to operate inside Gaza,” Ross Smith, the director of emergencies at the U.N. World Food Programme, told Reuters. “One of the most important things I want to emphasize is that we need to have no armed actors near our distribution points, near our convoys.”

    Israel’s U.N. Ambassador Danny Danon told the Security Council on Wednesday that Israel will now grant only one-month visas to international staff from the United Nations Office for the Coordination of Humanitarian Affairs.

    FALTERING PEACE TALKS

    The war between Israel and Hamas has been raging for nearly two years since Hamas killed some 1,200 Israelis and took 251 hostages from southern Israel in the deadliest attack in Israel’s history.

    Israel has since killed nearly 60,000 Palestinians in Gaza, decimated Hamas as a military force, reduced most of the territory to ruins and forced nearly the entire population to flee their homes multiple times.

    U.S. Middle East peace envoy Steve Witkoff is expected to hold new ceasefire talks, travelling to Europe this week for meetings on the Gaza war and a range of other issues, a U.S. official said on Tuesday.

    A Palestinian official close to the Gaza ceasefire talks and the mediation efforts told Reuters on Wednesday that Hamas had handed its response on the ceasefire proposal to mediators, declining to elaborate further.

    Talks on a proposal for a 60-day ceasefire between Israel and Hamas, which would include the release of more of the 50 hostages still being held in Gaza, are being mediated by Qatar and Egypt with Washington’s backing.

    Successive rounds of negotiations have achieved no breakthrough since the collapse of a ceasefire in March.

    Israel’s President Isaac Herzog told soldiers during a visit to Gaza on Wednesday that “intensive negotiations” about returning the hostages held there were underway and he hoped that they would soon “hear good news”, according to a statement.

    A senior Palestinian official earlier told Reuters Hamas might give mediators a response to the latest proposals in Doha later on Wednesday, on the condition that amendments be made to two major sticking points: details on an Israeli military withdrawal, and on how to distribute aid during a truce.

    Israeli Prime Minister Benjamin Netanyahu’s cabinet includes far-right parties that oppose any agreement that ends without the total destruction of Hamas.

    “The second I spot weakness in the prime minister and if I come to think, heaven forbid, that this is about to end with us surrendering instead of with Hamas’s absolute surrender, I won’t remain (in the government) for even a single day,” Finance Minister Belalel Smotrich told Army Radio.

    (Reuters)

  • Thailand F-16 jet deployed against Cambodian forces as border clash escalates

    Source: Government of India

    Source: Government of India (4)

    A Thai F-16 fighter jet bombed targets in Cambodia on Thursday, both sides said, as weeks of tension over a border dispute escalated into clashes that have killed at least two civilians.

    Of the six F-16 fighter jets that Thailand readied to deploy along the disputed border, one of the aircraft fired into Cambodia and destroyed a military target, the Thai army said. Both countries accused each other of starting the clash early on Thursday.

    “We have used air power against military targets as planned,” Thai army deputy spokesperson Richa Suksuwanon told reporters. Thailand also closed its border with Cambodia.

    Cambodia’s defence ministry said the jets dropped two bombs on a road, and that it “strongly condemns the reckless and brutal military aggression of the Kingdom of Thailand against the sovereignty and territorial integrity of Cambodia”.

    The skirmishes came after Thailand recalled its ambassador to Cambodia late on Wednesday and said it would expel Cambodia’s envoy in Bangkok, after a second Thai soldier in the space of a week lost a limb to a landmine that Bangkok alleged had been laid recently in the disputed area.

    Thai residents in the Surin border province fled to shelters built of concrete and fortified with sandbags and car tires as the two countries exchanged fire.

    “How many rounds have been fired? It’s countless,” an unidentified woman told the Thai Public Broadcasting Service (TPBS) while hiding in the shelter with gunfire and explosions heard intermittently in the background.

    For more than a century, Thailand and Cambodia have contested sovereignty at various undemarcated points along their 817 km (508 miles) land border, which has led to skirmishes over several years and at least a dozen deaths, including during a weeklong exchange of artillery in 2011.

    Tensions were reignited in May following the killing of a Cambodian soldier during a brief exchange of gunfire, which escalated into a full-blown diplomatic crisis and now has triggered armed clashes.

    LANDMINES

    The clashes began early on Thursday near the disputed Ta Moan Thom temple along the eastern border between Cambodia and Thailand, around 360 km from the Thai capital Bangkok.

    “Artillery shell fell on people’s homes,” Sutthirot Charoenthanasak, district chief of Kabcheing in Surin province, told Reuters, describing the firing by the Cambodian side.

    “Two people have died,” he said, adding that district authorities had evacuated 40,000 civilians from 86 villages near the border to safer locations.

    Thailand’s military said Cambodia deployed a surveillance drone before sending troops with heavy weapons to an area near the temple.

    Cambodian troops opened fire and two Thai soldiers were wounded, a Thai army spokesperson said, adding Cambodia had used multiple weapons, including rocket launchers.

    A spokesperson for Cambodia’s defence ministry, however, said there had been an unprovoked incursion by Thai troops and Cambodian forces had responded in self-defence.

    Thailand’s acting Prime Minister Phumtham Wechayachai said the situation was delicate.

    “We have to be careful,” he told reporters. “We will follow international law.”

    An attempt by Thai premier Paetongtarn Shinawatra to resolve the recent tensions via a call with Cambodia’s influential former Prime Minister Hun Sen, the contents of which were leaked, kicked off a political storm in Thailand, leading to her suspension by a court.

    Hun Sen said in a Facebook post that two Cambodian provinces had come under shelling from the Thai military.

    Thailand this week accused Cambodia of placing landmines in a disputed area that injured three soldiers. Phnom Penh denied the claim and said the soldiers had veered off agreed routes and triggered a mine left behind from decades of war.

    Cambodia has many landmines left over from its civil war decades ago, numbering in the millions according to de-mining groups.

    But Thailand maintains landmines have been placed at the border area recently, which Cambodia has described as baseless allegations.

    (Reuters) 

  • Microsoft says some SharePoint server hackers now using ransomware

    Source: Government of India

    Source: Government of India (4)

    A cyber-espionage campaign centered on vulnerable versions of Microsoft‘s server software now involves the deployment of ransomware, Microsoft said in a late Wednesday blog post.

    In the post, citing “expanded analysis and threat intelligence,” Microsoft said a group it dubs “Storm-2603” is using the vulnerability to seed the ransomware, which typically works by paralyzing victims’ networks until a digital currency payment is made.

    The disclosure marks a potential escalation in the campaign, which has already hit at least 400 victims, according to Netherlands-based cybersecurity firm Eye Security. Unlike typical state-backed hacker campaigns, which are aimed at stealing data, ransomware can cause widespread disruption depending on where it lands.

    The figure of 400 victims represents a sharp rise from the 100 organizations cataloged over the weekend. Eye Security says the figure is likely an undercount.

    “There are many more, because not all attack vectors have left artifacts that we could scan for,” said Vaisha Bernard, the chief hacker for Eye Security, which was among the first organizations to flag the breaches.

    The details of most of the victim organizations have not yet been fully disclosed, but on Wednesday a representative for the National Institutes of Health confirmed that one of the organization’s servers had been compromised.

    “Additional servers were isolated as a precaution,” he said. The news of the compromise was first reported by the Washington Post.

    Other outlets said the hacking campaign had breached an even broader range of U.S. agencies. NextGov, citing multiple people familiar with the matter, reported the Department of Homeland Security had been hit, along with more than five to 12 other agencies.

    Politico, which cited two U.S. officials, said multiple agencies were believed to have been breached.

    DHS’ cyberdefense arm, CISA, did not immediately return a message seeking comment on the reports. Microsoft did not immediately return a message seeking further details on the ransomware angle of the hacking or the reported government victims.

    The spy campaign began after Microsoft failed to fully patch a security hole in its SharePoint server software, kicking off a scramble to fix the vulnerability when it was discovered.

    Microsoft and its tech rival, Google-owner Alphabet, have both said Chinese hackers are among those taking advantage of the flaw. Beijing has denied the claim.

    -Reuters

  • U’khand panchayat polls: 1st phase of voting begins, CM Dhami to cast vote in Khatima

    Source: Government of India

    Source: Government of India (4)

    Uttarakhand Chief Minister Pushkar Singh Dhami on Thursday arrived in Khatima to cast his vote as the first phase of the three-tier panchayat elections commenced across the state.

    He reached Khatima via helicopter and landed at the helipad of Saraf Public School. After this, he headed to the Nagla Tarai Primary School polling booth to exercise his right to vote.

    The voting, being held in two phases across 12 districts — excluding Haridwar — is set to decide thousands of local representatives.

    According to the notification issued by the Uttarakhand State Election Commission, a total of 2,247 candidates are in the fray for 948 member Gram Panchayat seats, while 9,731 candidates are contesting for 3,393 Pradhan Gram Panchayat posts.

    Additionally, 4,980 candidates are contesting for 1,507 Area Panchayat member positions and 871 for 201 District Panchayat member posts.

    An estimated 26 lakh voters were eligible to cast their votes in this first phase. Despite persistent monsoon showers, voters turned up in large numbers, forming long queues outside polling booths in various parts of the state.

    A total of 1,240 polling personnel were deployed to ensure the smooth conduct of elections, while tight security arrangements were put in place to maintain law and order throughout the process.

    Earlier in the day, CM Dhami took to X to appeal to voters, saying, “Today, the first phase of voting for the three-tier panchayat elections is taking place. I appeal to all the divine people of the state to reach the polling stations in large numbers and exercise their voting rights.”

    “With your vote, choose capable, aware, and dedicated representatives who will strongly raise your voice and strengthen the foundation of rural development. Your single vote is an important step towards a robust Panchayati Raj system,” he added.

    The second phase of voting is scheduled for July 28, and counting of votes will take place on July 31.

    (IANS)

  • U’khand panchayat polls: 1st phase of voting begins, CM Dhami to cast vote in Khatima

    Source: Government of India

    Source: Government of India (4)

    Uttarakhand Chief Minister Pushkar Singh Dhami on Thursday arrived in Khatima to cast his vote as the first phase of the three-tier panchayat elections commenced across the state.

    He reached Khatima via helicopter and landed at the helipad of Saraf Public School. After this, he headed to the Nagla Tarai Primary School polling booth to exercise his right to vote.

    The voting, being held in two phases across 12 districts — excluding Haridwar — is set to decide thousands of local representatives.

    According to the notification issued by the Uttarakhand State Election Commission, a total of 2,247 candidates are in the fray for 948 member Gram Panchayat seats, while 9,731 candidates are contesting for 3,393 Pradhan Gram Panchayat posts.

    Additionally, 4,980 candidates are contesting for 1,507 Area Panchayat member positions and 871 for 201 District Panchayat member posts.

    An estimated 26 lakh voters were eligible to cast their votes in this first phase. Despite persistent monsoon showers, voters turned up in large numbers, forming long queues outside polling booths in various parts of the state.

    A total of 1,240 polling personnel were deployed to ensure the smooth conduct of elections, while tight security arrangements were put in place to maintain law and order throughout the process.

    Earlier in the day, CM Dhami took to X to appeal to voters, saying, “Today, the first phase of voting for the three-tier panchayat elections is taking place. I appeal to all the divine people of the state to reach the polling stations in large numbers and exercise their voting rights.”

    “With your vote, choose capable, aware, and dedicated representatives who will strongly raise your voice and strengthen the foundation of rural development. Your single vote is an important step towards a robust Panchayati Raj system,” he added.

    The second phase of voting is scheduled for July 28, and counting of votes will take place on July 31.

    (IANS)

  • Markets open flat; IT, midcap stocks under pressure amid mixed global cues

    Source: Government of India

    Source: Government of India (4)

    The Indian stock market opened flat on Thursday as IT companies came under selling pressure amid mixed global cues.

    At 9:28 a.m., the Sensex slipped 110 points or 0.13 per cent to 82,615, and the Nifty declined 13 points or 0.05 per cent to 25,206.

    Sectorally, the Nifty IT index underperformed with a loss of 1.17 per cent. All other sectors showed marginal dips or moderate gains. Bank stocks registered moderate losses of up to 0.20 per cent.

    Midcap and smallcap stocks also faced selling pressure. The Nifty Midcap 100 index was down 0.39 per cent at 59,148, while the Nifty Smallcap 100 index declined 0.07 per cent to 18,879.

    In the Nifty pack, Dr. Reddy’s Laboratories led the gainers with a 3.07 per cent rise, followed by Tata Motors at 1.51 per cent. Tata Consumer Products, Eicher Motors, JSW Steel, and Tata Steel were also among the top gainers. Trent, Kotak Mahindra Bank, and Bajaj Finance were among the early losers.

    “Market sentiment remains cautiously optimistic amid heightened volatility and mixed global cues. Nifty 50’s rebound highlights buyer strength at lower levels. A sustained move above 25,250 could potentially open the path toward the 25,330 mark. On the downside, immediate support is placed at 25,125, followed by 25,000,” said Hardik Matalia of Choice Equity Broking Private Limited.

    The Bank Nifty outperformed the broader index, rising 454 points and forming a bullish candlestick, indicating renewed buying interest, he added.

    Both Asian and U.S. indices posted strong overnight gains, lending a positive backdrop for Indian markets at the open.

    In the U.S., the Dow Jones Industrial Average advanced 1.14 per cent, the Nasdaq rose 0.61 per cent, and the S&P 500 added 0.78 per cent.

    According to analysts, the U.S. striking trade deals with various countries is gradually easing concerns over tariff wars. Strong corporate earnings in the U.S. are also providing fundamental support to the market.

    In Asian markets, the Nikkei 225 continued its strong rally for the second consecutive day, gaining 1.97 per cent, while Indonesia’s Jakarta Composite climbed 1.70 per cent. Hong Kong, Shanghai, and Seoul were also trading in the green.

    On July 23, foreign institutional investors (FIIs) were net sellers for the fifth consecutive session, offloading stocks worth Rs 4,209 crore. In contrast, domestic institutional investors (DIIs) remained strong buyers for the 12th straight day, purchasing shares worth Rs 4,358 crore.

    IANS

  • Markets open flat; IT, midcap stocks under pressure amid mixed global cues

    Source: Government of India

    Source: Government of India (4)

    The Indian stock market opened flat on Thursday as IT companies came under selling pressure amid mixed global cues.

    At 9:28 a.m., the Sensex slipped 110 points or 0.13 per cent to 82,615, and the Nifty declined 13 points or 0.05 per cent to 25,206.

    Sectorally, the Nifty IT index underperformed with a loss of 1.17 per cent. All other sectors showed marginal dips or moderate gains. Bank stocks registered moderate losses of up to 0.20 per cent.

    Midcap and smallcap stocks also faced selling pressure. The Nifty Midcap 100 index was down 0.39 per cent at 59,148, while the Nifty Smallcap 100 index declined 0.07 per cent to 18,879.

    In the Nifty pack, Dr. Reddy’s Laboratories led the gainers with a 3.07 per cent rise, followed by Tata Motors at 1.51 per cent. Tata Consumer Products, Eicher Motors, JSW Steel, and Tata Steel were also among the top gainers. Trent, Kotak Mahindra Bank, and Bajaj Finance were among the early losers.

    “Market sentiment remains cautiously optimistic amid heightened volatility and mixed global cues. Nifty 50’s rebound highlights buyer strength at lower levels. A sustained move above 25,250 could potentially open the path toward the 25,330 mark. On the downside, immediate support is placed at 25,125, followed by 25,000,” said Hardik Matalia of Choice Equity Broking Private Limited.

    The Bank Nifty outperformed the broader index, rising 454 points and forming a bullish candlestick, indicating renewed buying interest, he added.

    Both Asian and U.S. indices posted strong overnight gains, lending a positive backdrop for Indian markets at the open.

    In the U.S., the Dow Jones Industrial Average advanced 1.14 per cent, the Nasdaq rose 0.61 per cent, and the S&P 500 added 0.78 per cent.

    According to analysts, the U.S. striking trade deals with various countries is gradually easing concerns over tariff wars. Strong corporate earnings in the U.S. are also providing fundamental support to the market.

    In Asian markets, the Nikkei 225 continued its strong rally for the second consecutive day, gaining 1.97 per cent, while Indonesia’s Jakarta Composite climbed 1.70 per cent. Hong Kong, Shanghai, and Seoul were also trading in the green.

    On July 23, foreign institutional investors (FIIs) were net sellers for the fifth consecutive session, offloading stocks worth Rs 4,209 crore. In contrast, domestic institutional investors (DIIs) remained strong buyers for the 12th straight day, purchasing shares worth Rs 4,358 crore.

    IANS

  • UAE Central Bank mandates phase-out of SMS and email OTP authentication by March 2026

    Source: Government of India

    Source: Government of India (4)

    The Central Bank of the United Arab Emirates (CBUAE) has issued a directive requiring all financial institutions to eliminate SMS and email-based one-time password (OTP) authentication for customer transactions by March 31, 2026. This move, aimed at bolstering digital banking security, will affect banks, finance companies, exchange houses, insurers, and payment service providers across the UAE, marking a significant shift toward more secure, risk-based authentication technologies.

    Traditional OTP methods, delivered via SMS or email, are increasingly vulnerable to phishing, SIM swapping, and SS7 protocol exploits. To counter these threats, the CBUAE is mandating the adoption of advanced authentication methods, such as Emirates Face Recognition, biometric verification, and mobile-based soft tokens.

    Starting July 25, 2025, UAE banks will begin transitioning customers to app-based authentication for all domestic and international financial transactions. Leading institutions like Emirates NBD, ADIB, and FAB have already adopted biometric and in-app solutions for most online banking activities. Customers will need to enable app-based verification features to authorize transactions, replacing the reliance on SMS or email OTPs. The CBUAE has set a phased implementation, with full compliance required by March 2026.

    The UAE’s move aligns with global trends, as countries like Singapore and Malaysia phase out SMS-based OTPs due to similar security concerns. The Monetary Authority of Singapore, for instance, mandated a similar shift in 2024, citing rising phishing scams. The CBUAE’s directive is part of its broader Financial Infrastructure Transformation (FIT) Programme, which includes initiatives like the planned launch of a retail central bank digital currency (CBDC), the digital dirham, in late 2025.

  • India, China review border situation in 34th WMCC meet, plan next round of talks

    Source: Government of India

    Source: Government of India (4)

    India and China on Wednesday held the 34th meeting of the Working Mechanism for Consultation and Coordination (WMCC) on border affairs in New Delhi, where both sides reviewed the situation along the Line of Actual Control (LAC) and discussed steps to maintain peace and stability in the border areas.

    The Indian delegation was led by Gourangalal Das, Joint Secretary (East Asia), while the Chinese side was headed by Hong Liang, Director General of the Boundary and Oceanic Affairs Department in China’s Ministry of Foreign Affairs.

    The Ministry of External Affairs (MEA) said in a statement that the two sides took note of the general prevalence of peace and tranquillity in the border areas and acknowledged the gradual improvement in bilateral ties.

    “They agreed to maintain regular diplomatic and military contacts through established mechanisms on the issues related to the India-China border,” the MEA said.

    The delegations also discussed measures previously explored during the 23rd round of Special Representatives (SR) talks and the 33rd WMCC meeting to further strengthen border management and avoid friction.

    As part of the confidence-building process, the two sides are also preparing for the next round of SR-level talks on the boundary question, which is expected to be held in India later this year.

    During his visit, the head of the Chinese delegation, Hong Liang, also called on the Indian Foreign Secretary, signalling continued diplomatic engagement at multiple levels.

    The WMCC was set up in 2012 as an institutional mechanism for consultation and coordination on India-China border affairs, and to maintain peace along the LAC through regular dialogue.

  • Bihar Electoral Roll Update: 98% coverage achieved as first phase of special revision nears completion

    Source: Government of India

    Source: Government of India (4)

    The first phase of the Special Intensive Revision (SIR) of the Bihar Electoral Roll, which began on June 24, is nearing completion, with an impressive 98.01% coverage of electors across the state. The Election Commission of India (ECI) confirmed the progress on Tuesday, noting that the revision is aimed at ensuring no eligible voter is excluded and no ineligible person remains on the rolls.

    According to ECI, on July 23, more than 7.17 crore electors’ enumeration forms (90.89%) have been received and digitised. The data collected so far has revealed that approximately 20 lakh electors have been reported as deceased, 28 lakh have permanently migrated, and 7 lakh individuals are enrolled at multiple locations. Additionally, 1 lakh electors have been found to be untraceable, while forms from 15 lakh electors have not yet been returned.

    In a significant step toward electoral transparency, on July 20, the Election Commission shared lists of potentially incorrectly included electors and those who failed to submit their enumeration forms with 1.5 lakh Booth Level Agents (BLAs). These BLAs were nominated by district-level leaders of 12 major political parties in Bihar.

    The Commission has also streamlined the submission process for temporarily migrated electors from Bihar who have not registered elsewhere. These individuals can submit their enumeration forms via the ECI’s online portal (https://electors.eci.gov.in), the ECINet mobile app, or by sending signed printed forms to their Booth Level Officers (BLOs) through a family member or via WhatsApp.

    Electors who have submitted their forms can track the status on the ECI website and have been notified via SMS, provided they shared their mobile numbers in the forms.

    The Draft Electoral Roll will be published on August 1, 2025, marking the end of the first phase. If errors are found, electors or political parties may file objections regarding wrongly included names with the Electoral Registration Officer (ERO) or Assistant Electoral Registration Officer (AERO) of their constituency. Likewise, eligible individuals who are missing from the roll can file claims for inclusion by September 1, 2025.

  • Over 3.42 pilgrims had ‘Darshan’ in 21 days, Amarnath Yatra to cross officially expected 3.5-lakh mark today

    Source: Government of India

    Source: Government of India (4)

    Since this year’s Amarnath Yatra started on July 3, more than 3.42 lakh yatris have had ‘darshan’ so far while a fresh batch of 3,500 pilgrims started their journey on Thursday from Jammu towards the two base camps, officials said.

    Officials said that more than 3.42 lakh yatris have performed the ongoing Amarnath Yatra during the last 21 days as the huge rush of pilgrims continues unabated.

    “The officially expected figure of 3.50 lakh yatris performing the Yatra this year is likely to be crossed on Thursday, while 17 days are still left for the conclusion of this year’s Yatra.”

    “The Yatra has been going on peacefully, smoothly and this has encouraged the devotees to come in record numbers. As more than 3.42 lakh have had darshan in the last 21 days, we had another batch of 3,500 yatris, who left the Bhagwati Nagar Yatri Niwas in Jammu for the Valley on Thursday.”

    “Of these, the first escorted convoy of 45 vehicles carrying 832 yatris left for the Baltal base camp at 3:25 a.m. while the second convoy of 95 vehicles carrying 2,668 yatris to the Pahalgam base camp left at 4:01 a.m.,” officials said.

    The Bhumi Pujan of ‘Chhari Mubarak’ (Lord Shiva’s Holy Mace) was performed at Pahalgam on July 10. The Chhari Mubarak was then taken back to its seat at the Dashnami Akhara building.

    It will start its final journey towards the cave shrine from Dashnami Akhara temple in Srinagar on August 4 and will reach the holy cave shrine on August 9, marking the official conclusion of the Yatra.

    Authorities have made extensive multi-tier security arrangements for this year’s Amarnath Yatra, as it takes place after the cowardly attack of April 22 in which Pakistan-backed terrorists killed 26 civilians after segregating them based on faith in the Baisaran meadow of Pahalgam.

    Additional 180 companies of Central Armed Police Forces have been brought in to augment the existing strength of the Army, BSF, CRPF, SSB and the local police.

    The Army has deployed more than 8,000 special commandos to secure the passage of the pilgrims this year.

    The Yatra started on July 3 and will end after 38 days on August 9, coinciding with Shravan Purnima and Raksha Bandhan.

    Yatris approach the holy cave shrine situated ,888 metres above sea level in the Kashmir Himalayas either from the traditional Pahalgam route or the shorter Baltal route.

    Those using the Pahalgam route pass through Chandanwari, Sheshnag and Panchtarni to reach the cave shrine, covering a distance of 46 km on foot.

    This trek takes a pilgrim four days to get to the cave shrine.

    Those using the shorter Baltal route have to trek 14 km to reach the cave shrine and return to the base camp the same day after having darshan.

    No helicopter services are available to yatris this year due to security reasons.

    The cave shrine houses an ice stalagmite structure that wanes and waxes with the phases of the moon.

    Devotees believe that the ice stalagmite structure symbolises the mythical powers of Lord Shiva.

    (IANS)

  • From Gujarat to global: How PM Modi’s diaspora diplomacy took root in the UK

    Source: Government of India

    Source: Government of India (4)

    As Prime Minister Narendra Modi arrived in London on Wednesday, he was greeted by thunderous chants of “Modi Modi”, “Bharat Mata ki Jai”, and “Vande Mataram” from the Indian community — an emphatic reminder of a diplomatic tradition he initiated decades ago, long before rising to India’s highest political office.

    This growing emotional and strategic connect with the Indian diaspora has become a cornerstone of India’s foreign policy under PM Modi, especially during his second term.

    The foundations of this approach were laid as early as 1993, when Narendra Modi — then BJP’s General Secretary in Gujarat and an emerging national figure — made an impromptu stop in the UK on his return from the United States. Although the visit was unplanned and brief, Modi ensured he connected with the Indian diaspora in the UK. He visited media hubs like Sunrise Radio and the Gujarati newspaper Naya Padkar, interacted with families in Croydon and Hastings, engaged in informal conversations, rode the London Underground, and exchanged ideas with everyday Indians living in Britain.

    “The seeds planted then would quietly nourish India’s diaspora diplomacy for decades to come,” the Modi Archive said in a post on X, while sharing a timeline of the Prime Minister’s engagements in the UK.

    By 1999, when Modi had become a key national figure and the BJP’s global voice, he returned to the UK for a five-day visit in October, shortly after the BJP’s sweeping national electoral victory. Then serving as BJP’s National General Secretary, Modi had just delivered a stellar performance in Gujarat — winning 20 out of 26 Lok Sabha seats and expanding the party’s grassroots presence from 1,000 to over 16,000 village units between 1985 and 1995. This visit was highlighted by a landmark event at the Swaminarayan School in Neasden, organised by the Overseas Friends of BJP (UK). Despite a cold drizzle, the hall was packed.

    Notable attendees included Lord Navnit Dholakia, MP Barry Gardiner (Chairman of Labour Friends of India), and C.B. Patel, editor of Gujarat Samachar.

    “BJP stands for nationalism and patriotism,” Narendra Modi was quoted as saying by the Modi Archive.

    During this visit, he expanded on India’s democratic traditions, the NDA’s policy vision, and paid homage to Gandhian ideals — illustrating the BJP’s ideological clarity and moral purpose. He framed the BJP not just as a political force, but as a cultural and civilizational movement rooted in tradition, religion, modernity, and democracy. He further asserted that India’s democratic ethos is admired across the world.

    In addition, Modi was honoured by the Lohana Mahajan community, where he commended overseas Indians for serving as authentic ambassadors of Indian civilisation. He also paid a visit to 10 Downing Street during the trip.

    Modi’s emphasis on global awareness continued during another visit to the UK in 2000. In September that year, he stopped in London en route to the World Hindu Conference in the Caribbean and the UN Peace Summit in the US. At the time, he was about to assume the influential position of BJP General Secretary (Organisation), a role only two others had held since the Jana Sangh era.

    During this short visit, Modi met British Deputy Prime Minister John Prescott and engaged in serious discussions on political stability in Asia, India’s regional situation, and the growing threat of international terrorism. He also met with members of the Overseas Friends of BJP and held teleconferences with C.B. Patel, updating them on the state of affairs in Gujarat and national security efforts in Jammu and Kashmir.

    “Terrorism is an evil against humanity — whether in India, the Middle East, or Northern Ireland,” Modi said.

    It was a prescient warning that came a full year before the 9/11 attacks, at a time when much of the world had yet to perceive terrorism as a shared global menace.

    In August 2003, two years after the devastating Bhuj earthquake in Gujarat, Modi returned to the UK as Chief Minister of Gujarat.

    The purpose was to thank members of the Indian diaspora, many of whom had mobilised support, resources, and aid for the affected people.

    “You are all the real friends of Gujarat, and I have come to reciprocate the loyalty. We have slept in the street of death and today I have come to repay a debt of friendship to those who helped us in our hour of need,” Modi said, addressing thousands at the packed Wembley Conference Centre.

    He praised the diaspora not just for their financial contributions but for their deep emotional ties with India, calling them “the true friends of Gujarat”.

    During this visit, he also inaugurated the Shakti Hall at the Gujarat Samachar and Asian Voice offices. True to his style, he spoke not just of the past, but also of the future.

    In a speech still fondly remembered by the editors of Asian Voice, Modi famously said, “IT is not Information Technology. IT is India Today. BT is not Biotechnology. It is Bharat Today. IT and IT equals IT. That means Information Technology and Indian Talent is India Tomorrow.”

    The visit also included a meeting with then Prime Minister Atal Bihari Vajpayee, who was in London at the time. Modi later met a delegation of political leaders and diaspora members on the South Bank of the River Thames, near Westminster Bridge, opposite the iconic Houses of Parliament.

    Even in 2011, when Gujarat marked its golden jubilee, he virtually brought the UK into the celebrations. He addressed a high-profile audience in Mayfair, London, through video conferencing while in Gandhinagar, stating, “The name Gujarat and development are synonymous. Gujarat is creating history.”

    The event, hosted by Friends of Gujarat, Gujarat Samachar, and Asian Voice, brought together 90 distinguished guests including British MPs, Lords, and community leaders. Among them was Lord Gulam Noon, who had a direct and lively exchange with Modi.

    He used the opportunity to share his vision for the future. He announced the construction of the Mahatma Mandir, a monumental tribute rising from the soil of 18,000 villages — and including ‘mitti’ sent by Gujaratis living abroad.

    “In this Golden Jubilee celebration, we have decided to build a Mahatma Mandir. We have collected earth from 18,000 villages in Gujarat to make this monument. We have also collected earth from abroad, especially the UK,” he said.

    The message was clear: for Narendra Modi, the diaspora has never been a passive audience.

    It has always been, and continues to be, an integral part of India’s journey — a partner in progress and a powerful force in shaping India’s global image.

    Now, as Prime Minister of India, Narendra Modi continues to acknowledge and celebrate the contributions made by overseas Indians in deepening people-to-people ties and in promoting India’s image and influence across the globe.

    IANS

  • Lok Sabha to discuss Scheduled Tribes Reservation Bill for Goa, Merchant Shipping Bill today

    Source: Government of India

    Source: Government of India (4)

    As the Monsoon Session of Parliament enters its fourth day, the Lok Sabha is scheduled to take up key legislative business on Thursday, including the Scheduled Tribes reservation bill for Goa and the Merchant Shipping Bill, 2024.

    Union Law Minister Arjun Ram Meghwal will move The Readjustment of Representation of Scheduled Tribes in Assembly Constituencies of the State of Goa Bill, 2024 for consideration and passage. The Bill seeks to enable the reservation of seats for Scheduled Tribes in Goa’s Legislative Assembly, in line with Article 332 of the Constitution. It proposes the readjustment of assembly constituencies following the inclusion of certain communities in the Scheduled Tribes list for the state.

    According to the official business list, the Bill aims to ensure “effective democratic participation of members of Scheduled Tribes” and make the necessary constituency changes to reflect this inclusion.

    Also on the agenda is The Merchant Shipping Bill, 2024, which will be introduced by Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal. The legislation seeks to consolidate and modernise India’s maritime laws, aligning them with international treaties and obligations. The Bill aims to promote the development of Indian shipping and enhance the efficiency and maintenance of the country’s mercantile marine sector, while safeguarding national interests.

    In addition to legislative matters, standing committees on Rural Development and Panchayati Raj, and Communications and Information Technology are expected to table reports on government actions taken in response to earlier recommendations made by the respective panels.

    Parliament proceedings on Wednesday were disrupted due to continued protests by Opposition MPs over the Bihar Special Intensive Revision issue, leading to adjournments in both the Lok Sabha and Rajya Sabha until July 24.

    The current Monsoon Session of Parliament is scheduled to continue until August 21. Both Houses will reconvene at 11 a.m. today.

    (With agencies inputs)

  • India’s global outreach continues: PM Modi begins UK visit, Maldives next

    Source: Government of India

    Source: Government of India (2)

    rime Minister Narendra Modi will embark on a two-nation tour on Wednesday, visiting the United Kingdom and the Maldives from July 23 to 26, aiming to strengthen India’s global diplomatic engagements.

    At the invitation of UK Prime Minister Keir Starmer, Prime Minister Modi will undertake an official visit to the United Kingdom from July 23 to 24. This will be his fourth visit to the UK, reflecting the growing warmth and depth of the bilateral relationship.

    India and the United Kingdom share historical ties that have evolved into a robust and mutually beneficial partnership. A major milestone in the relationship was achieved during the India-UK virtual summit on 4 May 2021, when Prime Minister Modi and then UK Prime Minister Boris Johnson established a Comprehensive Strategic Partnership and adopted an ambitious India-UK Roadmap 2030. This roadmap continues to steer cooperation across various sectors including trade, security, education, technology, and climate change.

    The visit also comes in the wake of the recent general elections in the UK held on 4 July 2024, where the Labour Party returned to power after 14 years, winning 412 out of 650 seats. Keir Starmer assumed office as Prime Minister, and PM Modi extended his congratulations during a telephonic conversation on 6 July, also inviting him for an early visit to India.

    In its election manifesto, the Labour Party pledged to pursue a new strategic partnership with India, focusing on the conclusion of a Free Trade Agreement (FTA) and deepening cooperation in critical sectors. The two leaders had earlier met on the sidelines of the G20 Leaders’ Summit in Brazil in November 2024 and briefly interacted again during the G7 Summit in Canada in June 2025.

    Following the terrorist attack in Pahalgam in April 2025, Prime Minister Starmer had spoken to PM Modi to convey his condolences and support. On 6 May 2025, both leaders held a telephonic conversation and announced the successful conclusion of the India-UK FTA and the Double Taxation Avoidance Convention, marking a historic development in bilateral ties.

    High-level exchanges have been a consistent feature of India-UK relations. President Droupadi Murmu visited London in September 2022 to attend the State Funeral of Her Majesty Queen Elizabeth II and met King Charles III during her visit. Vice President Jagdeep Dhankhar represented India at the Coronation of King Charles III in May 2023 and engaged with global leaders during his visit. He also addressed members of the Indian community and interacted with Indian-origin UK MPs and students.

    Prime Minister Modi had earlier met former UK Prime Minister Rishi Sunak on multiple occasions, including during the G20 Summit in India in September 2023 and at the G7 Summit in Italy in June 2024. Their discussions covered progress on the India-UK FTA and other key areas under the Roadmap 2030. Sunak’s official visit to India in 2023 and bilateral engagements in Japan and Bali further contributed to the growing momentum in the relationship. Notably, the Young Professionals Scheme was launched following their meeting in Bali in 2022, enhancing mobility for youth between the two countries.

    In April 2022, then UK Prime Minister Boris Johnson visited India and held wide-ranging discussions with PM Modi. The visit saw the announcement of an ‘Open General Export Licence’ for Indian companies and the signing of MoUs in nuclear energy and global innovation, along with a joint statement on cyber cooperation.

    Earlier, in November 2021, Prime Minister Modi had visited the UK to attend the COP26 World Leaders’ Summit in Glasgow, where he and Prime Minister Boris Johnson jointly launched the One Sun, One World, One Grid (OSOWOG) initiative under the International Solar Alliance and the Infrastructure for Resilient Island States (IRIS) initiative under the Coalition for Disaster Resilient Infrastructure.

    Lok Sabha Speaker Om Birla visited the UK in January 2025 and held bilateral talks with the Speaker of the House of Commons, Lindsay Hoyle, underscoring the strong parliamentary ties between the two democracies.