The number of individuals reporting a gross total income of 100 crore or more in their income tax returns has quadrupled to 576 in Assessment Year 2025-26, up from 142 in AY 2021-22, according to data shared in Parliament.
Reserve Bank of India Deputy Governor Rohit Jain has stated that India cannot rely solely on bank balance sheets to fund the extensive investment required for its 'Viksit Bharat' (developed India) goal by 2047, emphasising the critical need for deeper corporate bond, foreign exchange, and derivatives markets.
The India Story adopts a very soap opera-like approach, piling on ham-fisted melodrama along with plenty of unevenness, sighs Sreeju Sudhakaran
The Paralympic Committee of India (PCI) and the Cerebral Palsy Sports Federation of India (CPSFI) have signed an MoU to jointly bid for the 2029 World Abilitysport Games, aiming to host over 1,500 athletes and showcase India's growing Paralympic movement.
Trai Chairman Anil Kumar Lahoti highlighted the transformative role of satellite communications in expanding seamless connectivity across India, especially in remote areas. He noted that India's space economy is projected to grow significantly, driven by satcom technology that will bridge the digital divide, provide resilient infrastructure during disasters, and support strategic sectors.
Trai Chairman Anil Kumar Lahoti highlighted the transformative role of satellite communications in expanding seamless connectivity across India, especially in remote areas. He noted that India's space economy is projected to grow significantly, driven by satcom technology that will bridge the digital divide, provide resilient infrastructure during disasters, and support strategic sectors.
That means making it easier to invest, protecting investors through predictable rules, and avoiding policy reversals after investments have been made, notes Rajeswari Sengupta.
The Indian government has clarified that consumers will not be charged for UPI transactions, and most merchant transactions will also remain free. This comes amidst speculation following an amendment to the Payment and Settlement Systems Act, 2007. Any future merchant discount rate (MDR) would be nominal, threshold-based, and aimed at ensuring UPI's long-term sustainability and infrastructure development.
The government has confirmed that Boeing's detailed examination of the Dreamliner aircraft's fuel control switch locking mechanism found no abnormality, following an Air India pilot's report of a possible issue. This investigation was prompted after an Air India flight from London to Bengaluru in February, and comes amidst an ongoing probe into a fatal Dreamliner crash last year where fuel supply to engines was cut off.
Despite aggressive expansion, India's solar power sector faces significant hurdles from rising regional disparities in installed capacity and a looming manufacturing glut due to overcapacity in domestic solar equipment production, potentially leading to consolidation and pricing pressures.
Terming protesters in Pakistan-occupied Kashmir (PoK) as "enemies" like India, Pakistan's Defence Minister Khawaja Asif has said there will be no dialogue with them, even as the death toll due to clashes between demonstrators and security personnel rose to 20 on Wednesday.
Karnataka Chief Minister D K Shivakumar announced the establishment of India's first government-driven Artificial Intelligence University and an AI Hub in Bengaluru. This initiative aims to position Karnataka as a global leader in responsible AI innovation, fostering talent, research, and collaboration. The state seeks to become an AI-native state, leveraging AI to improve governance and daily life across various sectors.
The Maharashtra government has banned 114 items of literature from terrorist organisations like Islamic State and Al Qaeda, citing their role in glorifying extremism, promoting radicalisation, and threatening India's sovereignty and public order. The ban, issued via a gazette notification, follows intelligence inputs and ATS investigations into the circulation of such propaganda material.
State-run Oil and Natural Gas Corporation (ONGC) has approved the development of a 1.75 million tonnes (mt) strategic petroleum reserve (SPR) in Mangaluru, a project deemed of national importance, with plans for broad commercial utilisation.
The Payments Council of India has confirmed that Unified Payments Interface (UPI) services will continue to be free for consumers and small merchants, despite a recent Lok Sabha Bill. This clarification addresses concerns about potential charges, emphasising that while a sustainable financial model for UPI infrastructure is being developed, transaction charges will not be passed on to users or small businesses.
India wicketkeeper-batter Rishabh Pant has appealed to Uttarakhand Chief Minister Pushkar Singh Dhami for assistance in acquiring land to build a home and shift his base from Delhi to his native state. CM Dhami has assured Pant of all possible help, stating that the matter has been referred to concerned officials.
Four promising Indian tennis players, including Manas Dhamne and Vaishnavi Adkar, have been inducted into the Government of India's Target Asian Games Group (TAGG) scheme, which provides comprehensive support for high-performance athletes. This move, welcomed by AITA, aims to strengthen India's presence in international tennis.
The Delhi government has signed a tripartite Memorandum of Understanding with the School Games Federation of India and the International School Sport Federation to host international school badminton and wrestling events next year, aiming to boost the city's sports ecosystem and provide international exposure to young athletes.
Nationwide protests against the NEET paper leak have intensified across several Indian states, with demonstrators condemning the Delhi Police crackdown and demanding the resignation of Union Education Minister Dharmendra Pradhan. The Congress party has called for further demonstrations, while various student and political groups have organised marches and sit-ins, some leading to clashes with police.
Amrit Mathur, Commissioner of PGTI's 72 The League, lauded the Royal Springs Golf Course in Srinagar as the world's most stunning and spectacular.
The Maharashtra government has banned the literature of terrorist organisations such as Islamic State, Hizb-ul-Mujahideen Pir Panjal Regiment, and Al Qaeda (AQIS), citing its content glorifying violent extremism, promoting radicalisation, and providing information on bomb-making and lone-wolf attacks.
'They probably imagine any hue and cry in the event Sheikh Hasina is hanged will be shortlived as it happened when Bhutto was hanged in Pakistan in 1979.'
Congress MP Deepender Hooda has urged the central government to consider Haryana as the host or co-host for the 2030 Commonwealth Games, citing the state's significant contribution to India's medal tally in major competitions.
Prime Minister Narendra Modi flagged off India's first hydrogen-powered train connecting Jind to Sonipat in Haryana, marking a significant milestone in the country's journey towards clean and sustainable railway mobility and showcasing the success of the 'Make in India' initiative.
Brigadier Basant Kumar Ponwar (Retd), a distinguished veteran of the 1971 Indo-Pak War and the visionary behind India's modern jungle warfare strategies against Maoist insurgency, has passed away at 77. His extensive career spanned over five decades, contributing significantly to national defence through both the Indian Army and police forces, including founding the Counter Terrorism and Jungle Warfare College.
Karnataka Chief Minister D K Shivakumar met with AI major Anthropic to discuss a long-term partnership aimed at accelerating AI adoption across governance, education, healthcare, research, and the state's startup ecosystem. The collaboration focuses on deploying AI solutions responsibly, ensuring data privacy, and developing AI-focused skilling programmes and an AI University.
Gujarat Chief Minister Bhupendra Patel formally received the Commonwealth Games flag, symbolising the official commencement of preparations for Ahmedabad to host the global sporting event in 2030.
Union Minister Jitendra Singh stated that human-led artificial intelligence will be the defining force in India's journey to becoming a developed nation by 2047. Speaking at the 29th National Conference on e-Governance, he emphasised that technology must strengthen governance without replacing human accountability, advocating for responsible AI deployment with citizens at the centre. The conference concluded with the adoption of the Jaipur Declaration on e-Governance 2026, outlining a roadmap for AI-enabled, data-driven, and secure digital governance.
'The Indian private space sector is no longer a high-risk bet; it is a highly bankable, globally competitive asset class capable of easing the global small satellite launch bottleneck.'
Meta Platforms CEO Mark Zuckerberg has issued an apology for the temporary removal of Prime Minister Narendra Modi's Facebook post, while company executives acknowledged significant content moderation failures, including issues with child sexual abuse material, deepfakes, and the paid boosting of certain content.
As the agitation over alleged irregularities in Jharkhand recruitment examinations entered its 14th day, talks between the state government and student protesters on Friday failed to break the deadlock, with students deciding to continue their protest and hunger strike until their demands, including cancellation of the 14th JPSC examination, are met.
Meta's global team met with top Indian IT Ministry officials following government summons regarding the temporary restriction of Prime Minister Narendra Modi's Facebook post and ongoing concerns about child sexual abuse material (CSAM) on its platforms.
Maruti Suzuki India's CFO, Arnab Roy, has urged the central government to introduce an amnesty scheme or an 'as-is' settlement option to resolve past indirect tax disputes, aiming to clear legacy litigation and foster growth in the automotive industry. Roy emphasised the need for a 'smarter way to address the past' to provide long-term certainty for businesses.
A parliamentary committee has noted Bangladesh's extradition request for former prime minister Sheikh Hasina, who faces a death sentence in absentia. The Indian government has confirmed the request is under examination, reiterating its humanitarian approach of offering refuge while ensuring no political activity is conducted from Indian soil. The committee has urged the government to keep it apprised of the matter.
India's nine core infrastructure sectors recorded a five-month high production growth of 5 per cent in June, primarily boosted by significant increases in the output of cement, electricity, and the newly added iron ore, despite declines in crude oil, natural gas, refinery products, and fertiliser.
India's youngest municipal chairperson, Diya Binu, on Tuesday lost office after a no-confidence motion moved by the Left Democratic Front was passed in Kerala's Pala Municipality with the support of rebel Congress councillors, ending the United Democratic Front's rule in the civic body.
The aim is to win over the country's enterprises, developers and startups as AI systems shift from answering questions to autonomously executing tasks.
The Congress party has issued a whip to its MPs in both the Rajya Sabha and Lok Sabha, mandating their presence from August 10-12 for discussions on "very important" issues. This directive comes amidst reports of potential debates on the Foreign Contribution (Regulation) Amendment Bill, 2026, and a Constitution Amendment Bill concerning delimitation, though the government's official business list did not explicitly mention these.
'It's not about individuals operating the mule accounts being more or less skilled. Instead, 'lower-level' refers to the role the individual account plays in the broader mule network.'
Former Bangladesh Prime Minister Sheikh Hasina has declared her intention to return to Bangladesh in December, despite facing a death sentence and the risk of arrest. Speaking from India, she stated her goal is to restore democracy and justice, criticising the current state of affairs in Bangladesh and alleging that her government's collapse was due to organised violence. Her son also claimed Bangladesh is a "failed state" and a concern for India.
