Gold futures saw a significant rise for the second consecutive day, driven by strong overseas market rallies, increased safe-haven demand due to geopolitical uncertainties, and a weaker US dollar. This surge coincided with the Reserve Bank of India's decision to maintain its repo rate, reflecting a focus on growth amidst global inflation concerns and easing oil prices.
RBI Governor Sanjay Malhotra stated it is "premature" to discuss the implementation of Merchant Discount Rate (MDR) for digital payments, advising a "wait-and-watch" approach. He emphasised that investment in public payment infrastructure is necessary and someone must bear the cost, whether through taxes or MDR. The government is currently working on amendments to relevant statutes, and the RBI is focused on strengthening this infrastructure.
Indian crypto exchanges and companies have expressed strong support for the Central Board of Direct Taxes' (CBDT) new Crypto Asset Reporting Framework (CARF), which mandates reporting and due-diligence obligations for crypto service providers on all transactions starting 2026.
The Reserve Bank of India has marginally increased its GDP forecast for the current fiscal to 6.7 per cent while slightly lowering the inflation projection to 5 per cent. The central bank noted that while domestic economic activity shows resilience, global turbulence, particularly re-escalating conflicts and volatile oil prices, continues to pose risks to the inflation outlook.
From guns to handlooms. From forest trails to a public runway. Women who had once been associated with that conflict walked into the spotlight wearing Bastar's traditional textiles.
Chandrasekaran's exit is more than a change of chairman. It represents the breakdown of the informal consensus that governed the Tata system under Ratan Tata.
A US federal judge has permanently dismissed the criminal securities-fraud case against Adani Group chairman Gautam Adani and his nephew Sagar, closing nearly two years of prosecution without a trial. Gautam Adani stated, "Truth has prevailed," in response to the ruling.
Students in Jharkhand are protesting alleged irregularities in various recruitment examinations, including JPSC and JSSC. A student leader has launched an indefinite hunger strike, demanding a federal probe and cancellation of the 14th JPSC Civil Services Preliminary Examination. The Cockroach Janta Party has extended support, and a march to the Assembly is planned for August 7.
Cockroach Janta Party founder Abhijeet Dipke has publicly challenged Prime Minister Narendra Modi to disclose his educational degree. Dipke stated he is ready to make his US scholarship and loan documents public if PM Modi reveals his degree, amidst ongoing demands for verification of the Prime Minister's academic qualifications. Dipke also criticised the current political climate, citing concerns about party defections and the use of central agencies.
India's foreign exchange reserves increased by USD 7.26 billion to USD 674.193 billion for the week ending July 3, as reported by the Reserve Bank of India. This surge follows a previous week's drop and comes after Prime Minister Narendra Modi's appeals to conserve forex.
The Kerala Sports Department has submitted its confidential inquiry report regarding the controversy surrounding the proposed visit of football legend Lionel Messi and the Argentina team to the state during the previous government's tenure.
The Delhi High Court has ordered the winding up of Paytm Payments Bank Limited (PPBL) following the Reserve Bank of India's cancellation of its banking licence due to non-compliance and concerns over depositor interests.
The biggest challenge to widespread deployment is no longer AI. It is the financial and commerce infrastructure that was built decades ago for deterministic software and human interactions -- not autonomous AI agents.
Drone technology company ideaForge Technology has successfully raised Rs 500 crore through a Qualified Institutional Placement (QIP). The funding, which saw strong interest from domestic and international institutional investors, will be used to accelerate innovation, expand its product portfolio into combat drones and autonomous systems, and strengthen its working capital to meet growing demand in defence, homeland security, and civil sectors.
Drone technology company ideaForge Technology has successfully raised Rs 500 crore through a Qualified Institutional Placement (QIP). The funding, which saw strong interest from domestic and international institutional investors, will be used to accelerate innovation, expand its product portfolio into combat drones and autonomous systems, and strengthen its working capital to meet growing demand in defence, homeland security, and civil sectors.
The Reserve Bank of India (RBI) maintained its key policy rates for the fourth consecutive time, keeping the repo rate at 5.25 per cent, while the benchmark BSE Sensex closed 152 points higher in a volatile session, recovering from an intraday dip.
The Bureau of Indian Standards (BIS) is preparing to significantly increase its silver jewellery testing capabilities and expand its national laboratory network, driven by a shift in consumer demand from gold to silver and a broader push for enhanced product certification and surveillance.
Gujarat Deputy Chief Minister Harsh Sanghavi has outlined Ahmedabad's vision for the 2030 Commonwealth Games, emphasising unparalleled accessibility for para athletes and a strong commitment to sustainability through green energy and electric transport.
Several popular rum and whisky brands, including variants of Old Monk Rum and McDowell's No 1, have been prohibited from sale after laboratory tests found their samples did not conform to prescribed standards, primarily due to the addition of artificial flavouring substances.
The Allahabad High Court has barred four advocates from entering any court premises in Lucknow and ordered a confidential inquiry by the Intelligence Bureau (IB) into their background and activities following an alleged assault on a litigant and Delhi lawyers.
The Central Board of Direct Taxes (CBDT) has released a 198-page guidance note to assist crypto-asset service providers in complying with reporting obligations under the Income-tax Act, 2025, aligning India with the OECD's Crypto-Asset Reporting Framework (Carf) for automatic exchange of tax information.
After four consecutive months of withdrawals, Foreign Portfolio Investors (FPIs) injected Rs 20,200 crore into Indian equities in July, driven by attractive valuations, improving corporate earnings, and a more favourable global environment.
The Central Board of Film Certification (CBFC) has directed 12 modifications for Tamil Nadu Chief Minister C Joseph Vijay's film 'Jana Nayagan', including muting references to 'TVK' and 'New India', and deleting a scene showing the Indian flag falling on the ground, according to the film's certification order.
The southwest monsoon has intensified across India, bringing heavy to extremely heavy rainfall and prompting red alerts for several states, alongside concerns over landslides and urban flooding.
Major bills, including those on women's reservation, delimitation, and the Foreign Contribution (Regulation) Act (FCRA), face an uncertain future in the ongoing Monsoon session of Parliament due to persistent opposition protests and a lack of consensus.
The Reserve Bank of India (RBI) has introduced a new framework allowing banks to offer differential interest rates on bulk deposits based on their liquidity characteristics under the Liquidity Coverage Ratio (LCR) framework, while maintaining the principle of uniform pricing across similar deposits.
RBI says polymer notes have a significantly longer lifespan, potentially reducing printing costs and replacement frequency.
Central tax authorities detected input tax credit (ITC) fraud worth Rs 74,781.56 crore across 30,162 cases in FY26, more than doubling the number of cases from the previous year, according to the Ministry of Finance.
Researchers at CSIR-CIMFR have developed India's first mobile Smart Algal Liquid Tree (SALT), an innovative air-purification system using microalgae to absorb CO2 and release oxygen. Designed for polluted urban areas, this compact unit offers a sustainable solution where conventional tree planting is challenging, also providing public utility features.
India's hydropower generation has been significantly constrained in July due to the El Nio effect, which has weakened the southwest monsoon and reduced reservoir levels. This decline, following a 21 per cent year-on-year drop in June 2026, is forcing greater reliance on coal generation and straining grid flexibility amidst rising power demand.
Prime Minister Narendra Modi addressed the Indonesian parliament, emphasising India's commitment to development over expansionism and advocating for a free, open, and inclusive Indo-Pacific. He highlighted the strong historical ties between India and Indonesia, calling for enhanced cooperation in various sectors, including defence, technology, and counter-terrorism, amidst growing concerns over regional security.
Indian athlete Praveen Chithravel secured a silver medal in the men's triple jump at the 2026 Glasgow Commonwealth Games, bringing immense pride to his agricultural daily wage worker father and their village in Tamil Nadu.
India's gross Goods and Services Tax (GST) collections surged by 15.4 per cent to over Rs 2.11 lakh crore in July, driven by increased mop-up from both domestic transactions and imports.
At what age should society stop regulating life choices and allow people to make their own?
The Public Examination (Prevention of Unfair Means) Amendment Bill, 2026, passed by the Lok Sabha, introduces significantly stricter punishments for individuals and organised groups involved in paper leaks and other unfair means in public examinations. The legislation aims to enhance the integrity of exams conducted by various central government agencies.
Why the industry's public position changed is difficult to say. What the developments did establish, though, is that ethanol-blended petrol has become one of the country's most politically and commercially sensitive policy issues.
A sophisticated cross-bank syndicate is systematically defrauding non-resident Indians (NRIs) and elderly citizens by exploiting their fixed deposits through forged documents and fictitious loans, often involving colluding bank employees and real estate deals.
90 per cent of institutions recorded no improvement in international student metrics, despite government initiatives such as the Study in India programme, UGC regulations on internationalisation, and efforts to attract foreign students.
The CBI has filed a charge sheet in the NEET-UG 2026 paper leak case, relying heavily on digital forensic evidence including an access control app and call data records. The investigation revealed that three NTA subject experts allegedly exploited procedural gaps to leak confidential questions for money, involving a beautician and a coaching centre owner in the distribution of the leaked material to aspirants.
Recent protests by CJP supporters attempting to march towards Parliament in Delhi highlight a recurring pattern of public demonstrations in the capital over the past 15 years. The article details several significant protests, including the 2021 farmers' tractor rally, the 2011 Anna Hazare movement, the 2012 Nirbhaya protests, anti-CAA demonstrations, and the 2023 wrestlers' protest, all of which involved attempts to reach central Delhi's high-security zones to press demands.
