Union Finance Minister Nirmala Sitharaman has warned that the ongoing West Asia crisis is not merely a geopolitical issue but will directly lead to higher fuel costs for common people and businesses, impacting shipping, input availability, and export orders.
The National Skill Development Corporation (NSDC), in collaboration with Amazon Web Services (AWS) and Cultus Education, has launched a nationwide initiative to provide cloud and AI skilling to 1.5 lakh learners. This programme aims to equip youth, especially from Tier 2 and Tier 3 cities, with essential technology skills and job-ready training, contributing to India's goal of becoming a global innovation hub.
A record-breaking 1.25 million spectators attended the mega event, of which nearly 75 per cent were attending an ICC 50-over match for the first time ever, the report claimed.
A World Bank report highlights how Artificial Intelligence-powered weather forecasts have enabled small farmers in Telangana, India, to save up to USD 560 by adapting their farming practices to specific risks. The report, "The Promise of Artificial Intelligence," advocates for developing countries to rapidly adopt small, low-cost AI tools to enhance productivity, improve government services, and avoid missing out on the AI revolution.
Prime Minister Narendra Modi on Thursday discussed with a group of senior ministers the prevailing global security situation and how to maintain supply chain uninterrupted despite conflicts in different zones, including the Strait of Hormuz, the Black Sea, the Red Sea, and the Gulf of Aden.
India is adopting a two-pronged strategy for artificial intelligence development, focusing on open-source models and indigenous innovation to counter global access restrictions on advanced AI technologies. The government aims to support local developers and ensure AI creates tangible economic impact across various sectors, rather than being solely driven by market speculation.
India has attracted foreign direct investment (FDI) worth approximately 4,896 crore across 29 projects since May, following the government's relaxation of norms under Press Note 2 of 2026. The revised rules permit investment without government approval from entities with up to 10 per cent non-controlling ownership by land-bordering countries.
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.
Not a single retail outlet ran dry. Every household that wanted a cylinder got one. India faced neither a 1991 moment nor a 2013 one. Macroeconomic stability held. This was not an accident, and it was not luck alone. It was the work of a government that chose to act as it had during the pandemic -- deliberately and gradually, building one measure upon another rather than reaching for a single dramatic lever, explains V Anantha Nageswaran, chief economic advisor to the Government of India.
Traffic between Assam and Meghalaya was disrupted after Guwahati-based cab operators blocked National Highway-27, protesting alleged attacks on people from Assam during a Khasi Students' Union (KSU) rally in Shillong, which saw 31 vehicles damaged and several pedestrians assaulted.
National Anti-Doping Agency (NADA) Director-General Anant Kumar highlighted the need for a collective effort from all stakeholders in the Indian sports ecosystem to reduce doping incidents. He made these remarks during a National Roundtable on Doping Prevention in Sports, which discussed various factors contributing to doping and strategies for prevention.
'If a student can get a good teacher, quality content and mock tests at no cost, it becomes very hard for a mid-tier coaching centre to keep charging for the same lecture.'
Former Army chief General Manoj Naravane asserted that while India's immediate attention is on Pakistan due to terrorism, China will be New Delhi's primary long-term competitor across political, economic, trade, and military domains, necessitating a strong military deterrence alongside dialogue.
The Union Ministry of Home Affairs has formed a High-Level Committee on Demographic Changes to study the impact of illegal immigration and other factors on India's demographic landscape.
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.
Sri Lankan President Anura Kumara Dissanayake has announced an economic relief package to mitigate the impact of the West Asia conflict, including fuel price reductions and support from India for petrol and diesel supplies.
Indian benchmark equity indices, Sensex and Nifty, traded marginally higher in early deals despite cautious global cues stemming from elevated crude oil prices due to geopolitical uncertainties and a sharp fall in US markets. Track Sensex, Nifty on August 21, 2026.
'Indian private sector hospitals provide quality healthcare at a fraction of the global cost.'
US President Donald Trump stated that the United States is taking a "low-key" approach towards Iran, focusing on economic pressure rather than military action, amidst ongoing tensions over the Strait of Hormuz. Trump highlighted Iran's worsening economic situation and the impact of the US naval blockade, while negotiations for reopening the Strait remain stalled due to new conditions from Tehran.
AAP chief Arvind Kejriwal is leading a march to the Prime Minister's residence to submit a petition with two lakh signatures against E20 petrol. He is demanding consumer choice, lower E20 prices, and transparency regarding studies supporting the fuel. The government defends the E20 programme, citing energy security and no evidence of vehicle harm.
Minister of State for Telecom Chandra Sekhar Pemmasani urged BRICS nations to collaborate on building institutional capacity and advocating for fair standards in international telecom and ICT bodies. He highlighted India's willingness to share its modular, open-source digital public infrastructure frameworks like Aadhaar and DigiLocker, emphasising their role in sustainable development and economic growth across the Global South.
India's foreign exchange reserves increased by $9.9 billion to $716.9 billion for the week ended August 14, as reported by the Reserve Bank of India (RBI). This surge follows a previous jump of $14.14 billion in the week prior, indicating a robust recovery after a period of decline earlier this year.
Economists highlight that resolving domestic policy bottlenecks, particularly through land reforms and improving the ease of doing business, will be critical for Prime Minister Narendra Modi's 'next-generation reforms' and India's economic transformation towards its 'Viksit Bharat' vision for 2047.
Analysts predict that crude oil prices and the ongoing US-Iran conflict will be the primary drivers of stock market movements, with investors also closely watching the Jackson Hole symposium for cues on interest rates.
NeoGeoInfo Technologies, a spatial intelligence solutions provider, has secured a Series A investment of approximately USD 20 million from Neev II Fund and Aavishkaar Capital. This funding will fuel the company's R&D, expand its international presence in the Middle East and Americas, and strengthen its team for complex projects.
Gold and silver prices are expected to continue their upward trend next week, driven by anticipation of key US inflation data and Federal Reserve signals, though profit-booking may occur at higher levels.
The Congress party has accused the Modi government of creating a "deep crisis" in India's job market due to its "flawed" economic and employment policies. Citing a media report on a 27% decline in new jobs at major companies, the opposition party stated that the government is engaged in "headline management" and "politics of distraction" instead of addressing the youth employment crisis.
A working paper by the Economic Advisory Council to the Prime Minister (EAC-PM) reveals a continuous decline in the rate at which foreign-owned firms invest in fixed assets in India since the FY20 peak, contrasting with a steady increase from Indian business groups.
N Chandrasekaran's exit marks a major shift for TCS, leaving its leadership to navigate AI disruption without the group chairman's deep expertise.
India is significantly expanding its crude oil sourcing to Latin America, with Venezuela emerging as a major supplier, as geopolitical disruptions in the Middle East and the Strait of Hormuz compel the world's third-largest oil consumer to diversify its energy supplies.
A new study reveals that the impacts of invasive species on biodiversity are most severe in the Global South, challenging previous assumptions. Factors like rapidly developing economies, weak governance, and limited management capacity make these regions particularly vulnerable, leading to higher ecological and economic damages.
Sumit Sarkar was never intellectually dismissive of the Hindutva project. He took it with deadly seriousness for he grasped the challenge it posed to the aspirations and ideals of the anti-imperialist movement that generated multiple imaginings of freedom and ways to attain it, recalls Pradeep Kumar Dutta.
Kerala is facing increased inflationary pressure due to recent hikes in petrol and diesel prices, according to Chief Minister V D Satheesan. The state's economy is also impacted by the decline in remittances from the Gulf and higher oil prices.
A Niti Aayog report reveals that an estimated 8.7 crore Indian youth aged 15 to 29 are not engaged in education, employment, or training (NEET), underscoring the critical need for subsidised training programmes focused on self-employment and emerging sectors.
The Bombay High Court has ruled that mere annoyance and normal disagreements do not amount to mental cruelty sufficient for divorce. The court stated that cruelty must be severe enough to make cohabitation unreasonable, and cannot be determined by isolated incidents. This ruling came as the court dismissed a man's divorce petition, upholding a family court's decision and ordering him to pay maintenance to his wife.
Moody's Ratings has highlighted that Indian banks are among the most exposed in the Asia-Pacific region to the West Asia crisis, primarily due to India's high dependence on energy imports, which could lead to increased inflation, higher interest rates, and strained borrower cash flows.
'It is not because of the war in West Asia, which began on February 28.' 'Petroleum product prices are already going through the roof. They are bound to have a serious inflationary impact.' 'A country's leadership is tested in trying times. It is here that the current leadership is failing.'
The rules require nuclear plant operators to maintain an insurance policy, financial security or a combination of both to cover civil liability for nuclear damage.
The Supreme Court has sought the Centre's response on a petition challenging the constitutional validity of polygamy among Muslims, arguing it violates fundamental rights and creates legal asymmetry by exempting Muslim men from bigamy laws applicable to other citizens.
Prime Minister Narendra Modi has highlighted the risks posed by the 'weaponisation' of resources and strategic sea routes, urging India to achieve greater self-reliance in energy to mitigate vulnerabilities to overseas supplies and geopolitical tensions.
