Chief Minister promotes investment in green energy, infrastructure, IT parks, and eco-tourism with global partners
The Chief Minister of an Indian state concluded a visit to Singapore, engaging with global corporations and financial institutions to promote investment in infrastructure, green energy, real estate, eco-tourism, and industrial development within the state. Discussions included development of IT parks, economic corridors integrating seaports and airports, eco-tourism projects, and drone and defense-aerospace hubs. Financial institutions expressed interest in supporting clean energy financing and infrastructure lending. A sovereign wealth fund showed interest in MSME growth and sustainable infrastructure joint ventures. The state expressed readiness to sign agreements in sectors such as food processing, healthcare, and infrastructure. The visit involved multiple meetings focusing on urban development, technology, and investment opportunities, with an invitation extended to participate in an upcoming global investors summit.

Men arrested for Rs 35 lakh digital fraud using fake FIRs and threats under IPC Section 420
Two men were arrested in Delhi for orchestrating a digital arrest cyber fraud scheme targeting a woman, resulting in the loss of over Rs 35 lakh. The accused impersonated law enforcement officials, falsely accusing the victim of criminal activities and coercing her into transferring funds over nearly three months. They manipulated her through forged FIRs, arrest warrants, and continuous communication, threatening arrest and instructing her to delete transaction evidence. Investigators traced multiple suspicious transactions linked to fake accounts created using forged documents. One accused confessed to opening several bank accounts with forged identities, while the other managed fund transfers and recruited accomplices. The police used digital forensics and transaction records to reconstruct the scam. Further investigations into the syndicate are ongoing.

Union Home Minister defends military actions, cites Article 370 removal for reducing terrorism in Kashmir
The Union Home Minister accused the previous ruling party of conceding parts of Kashmir to Pakistan and criticized its alleged appeasement policies toward terrorism. He defended recent military operations targeting terrorists responsible for attacks in Jammu and Kashmir, asserting these actions were necessary self-defense measures. The minister claimed significant reductions in insurgency and extremist violence under the current government, attributing this to the removal of Article 370 and enhanced counterterrorism efforts. He rejected opposition criticism regarding foreign policy and counterterrorism strategies, emphasizing the government's commitment to restoring security and sovereignty over disputed territories. The minister also condemned the opposition for questioning military operations and accused it of supporting Pakistan and terrorist groups for political gains. He highlighted advancements in military preparedness and infrastructure, asserting that terrorism in Jammu and Kashmir is nearing extinction.

Former Legislator Questioned Over 2024 Horse-Trading Bribery Allegations in Trust Vote Case
The Economic Offences Unit of Bihar Police questioned a former legislator from a regional party in connection with a 2024 horse-trading case related to a trust vote. The inquiry followed allegations by a ruling party MLA that he was offered a bribe and a ministerial position to switch allegiance and influence the vote outcome. The former legislator's responses were deemed unsatisfactory, prompting the unit to consider further legal action. Summons have also been issued to other MLAs for questioning as part of the ongoing investigation into the alleged bribery and political defection attempts.

Government weighs impact of 25% tariff while pushing for fair bilateral trade deal under Section 301 negotiations
The government is assessing the impact of a recent US announcement imposing a 25 percent tariff and additional penalties on imports from the country, including military equipment and crude oil from a third nation. Despite these measures, negotiations for a bilateral trade agreement aimed at doubling trade to USD 500 billion by 2030 continue, with five rounds completed and a sixth scheduled. The government emphasizes its commitment to protecting national interests and supporting key sectors such as agriculture, entrepreneurship, and MSMEs, drawing on experience from previous trade agreements. Efforts are focused on concluding a fair and balanced trade pact, with an interim deal under consideration before the final agreement's expected completion in the fall.

Opposition Condemns PM's Silence on Attack Debate, Calls It a Breach of Parliamentary Convention
Opposition members in the Rajya Sabha criticized the Prime Minister for not responding to a debate on a recent attack and related operation despite being present in Parliament. They argued this absence disrespected the House and democracy, emphasizing that the Prime Minister should personally address their questions. The Home Minister stated he was capable of handling the queries and that the Prime Minister was in his office. Opposition leaders also condemned the Home Minister's language as unparliamentary. The debate included concerns about the government's handling of ceasefire discussions and tariff issues, with calls for clarity on foreign involvement. The opposition viewed the Prime Minister's non-appearance as a breach of parliamentary convention and an insult to the Council of States.

Airline CEO Warns of Rising Aircraft Insurance Premiums Amid Global Risks and Recent Crashes
An airline's CEO indicated that aircraft insurance premiums are expected to increase due to geopolitical tensions, inflation, and recent accidents, including a major international crash involving a similar aircraft model. The airline, which is finalizing its insurance arrangements for an expanding fleet, noted that insurers consider global industry trends when setting premiums. The CEO also reported improvements in aircraft availability following previous engine-related groundings. Additionally, the impact of newly imposed foreign tariffs on imported goods and components remains uncertain. The airline experienced a significant profit decline in the recent quarter attributed to operational challenges and airspace restrictions, despite an increase in passenger numbers.

CBI Says No Probe Into Indiabulls Housing Finance Loan Irregularities Under Section 420 IPC
The Central Bureau of Investigation (CBI) informed the Supreme Court that it is not investigating any irregularities related to a housing finance company formerly known as Indiabulls Housing Finance Limited and found no wrongdoing in its loan disbursements to corporate entities. The company's promoters denied allegations of dubious loans, describing them as fictitious, while a petitioner NGO withdrew several related petitions. The Enforcement Directorate is investigating certain irregularities, including alleged diversion of public funds abroad, and SEBI acknowledged irregularities but stated it is not the competent authority to investigate. The Supreme Court noted these submissions and adjourned the hearing, emphasizing that allegations require thorough examination. The CBI stated it requires formal complaints and state consent to initiate investigations. The matter involves challenges to a high court order and ongoing probes by multiple agencies into alleged financial misconduct.

US imposes 25% tariff on Indian imports citing trade barriers and Russian supply concerns
The US government imposed a 25% tariff and penalties on imports from India, citing high Indian tariffs, non-monetary trade barriers, and India's procurement of military and energy supplies from Russia. This move followed stalled bilateral trade negotiations and was met with criticism from Indian opposition parties, who condemned the government's handling of relations with the US. They argued that the prime minister's personal rapport with the US president failed to prevent the tariffs and called for a stronger stance and transparent communication with Parliament. Opposition leaders described the tariffs as an insult to India's sovereignty and economic interests, urging the government to negotiate a trade deal promptly to mitigate adverse effects on exports and the economy. The US president maintained that India remains a friend despite the tariffs.

Government Allocates 100 Sq Yard Plots to 1 Lakh Landless Families Under Poverty Scheme with Infrastructure Support
The state government announced the allocation of 100 square yard plots to one lakh landless families categorized under a poverty alleviation scheme, with plans to select an additional one lakh beneficiaries. This initiative aims to provide secure land ownership to underprivileged families. The government also committed funds for infrastructure development, including clean drinking water pipelines and a primary health centre. Healthcare improvements include upgraded government hospitals offering comprehensive treatments at affordable rates, free dialysis services, and expanded coverage under a national health insurance scheme. Agricultural support measures include establishing oil mills to ensure fair pricing for farmers and procurement of crops at minimum support prices, supplemented by compensation schemes for market price fluctuations. Subsidized cooking gas cylinders are provided to low-income families. The government emphasized prompt addressing of public grievances and development works in rural areas.

India Faces US Tariffs Over Increased Russian Oil Imports Amid Global Sanctions and Price Caps
India's imports of Russian crude oil have surged from 0.2 percent before the Russia-Ukraine conflict to 35-40 percent currently, making Russia its top supplier. This increase followed Western sanctions on Russia, which led to discounted Russian oil that India capitalized on to meet its energy needs. The US announced a 25 percent tariff and additional penalties on all Indian goods exported to the US, citing India's continued purchases of Russian energy and military equipment despite global efforts to penalize Russia for the Ukraine invasion. The European Union has imposed price caps on Russian crude and recently banned imports of refined oil derived from Russian crude. India maintains a neutral diplomatic stance, emphasizing its economic interests and the need to avoid global oil price spikes by continuing to import discounted Russian oil, which it refines and exports as petroleum products to other countries.

Currency hits record low after 25% US import tariff announcement; exporters face new challenges under unclear rules
The domestic currency experienced its steepest single-day decline in over three years, closing at an all-time low against the US dollar following the announcement of a 25 percent tariff on imports from the country by the United States, effective August 1. The tariff imposition, coupled with increased month-end dollar demand, sustained foreign fund outflows, and uncertainty over a bilateral trade deal, contributed to the sharp depreciation. Market analysts noted additional pressure from rising global oil prices and geopolitical factors. Foreign institutional investors significantly offloaded equities amid these developments. Despite ongoing negotiations and a planned US delegation visit later in August, prospects for an interim trade agreement before the tariff deadline remain uncertain. Exporters face increased duties, complicating cost calculations and trade planning due to unclear penalty provisions linked to military and crude oil purchases from a third country.

Fed Governors Split on Interest Rates Amid Economic Uncertainty and Leadership Changes
Two Federal Reserve governors appointed during a prior administration may dissent from the central bank's expected decision to maintain current interest rates, reflecting differing views on the U.S. economy's health and potential leadership changes. One faction sees the economy as stable with low unemployment and modest growth, supporting steady rates to control inflation. The dissenting governors argue for rate cuts due to signs of economic slowdown, such as weak job growth and consumer spending. Their potential dissent is also viewed as positioning for the upcoming Fed chair vacancy. The current administration has publicly pressured the Fed chair to lower rates, citing strong economic growth, a stance contrary to mainstream economic analysis that rate cuts are typically warranted only during economic weakness. The situation underscores internal Fed divisions amid political pressures and uncertain economic indicators.

Government reviews impact of 25% tariff on imports under trade rules, protects small businesses and farmers
The government is reviewing the impact of a US presidential announcement imposing a 25 percent tariff on all goods imported from the country, effective August 1, along with additional penalties related to military and crude oil purchases from Russia. Ongoing negotiations between the two nations aim to establish a fair and balanced bilateral trade agreement. The government emphasized its commitment to protecting the interests of farmers, entrepreneurs, and micro, small, and medium enterprises, and stated it will take necessary measures to safeguard national interests in trade matters, referencing previous agreements including a recent economic and trade deal with the UK.

US Imposes 25% Tariff on Indian Imports, Impacting Key Sectors and Export Competitiveness
The imposition of a 25 percent tariff by the United States on imports from India, effective August 1, along with additional penalties related to India's procurement from Russia, is expected to negatively impact India's GDP growth, particularly affecting sectors such as marine products, pharmaceuticals, textiles, leather, and automobiles. Experts highlight that the tariff rate is higher than those applied to competing countries and could reduce India's export competitiveness. Ongoing trade negotiations between the two countries aim to mitigate these effects through a mutually beneficial agreement. The uncertainty surrounding the tariff's scope and penalties contributes to economic concerns, though some believe market adaptation and innovation may offset adverse impacts. The tariff imposition has been criticized as economically and strategically counterproductive, potentially harming bilateral relations based on shared interests and cooperation.

US imposes 25% tariff on South Asian imports under new trade penalty rules starting August 1
The United States government announced the imposition of a 25 percent tariff on all imports from a South Asian country effective August 1, alongside an additional unspecified penalty related to the country's procurement of military equipment and crude oil from Russia. This trade measure reflects escalating economic tensions and aims to penalize the targeted nation for its trade and defense dealings. The tariff and penalty are likely to impact bilateral trade relations and may prompt legal and diplomatic challenges under international trade agreements and World Trade Organization rules.

US Imposes 25% Tariff on Indian Imports Linked to Russian Military Goods Under Section 301
The US government announced a 25 percent tariff plus an additional unspecified penalty on imports from India, effective August 1, targeting goods linked to military equipment and crude oil purchases from Russia. This move introduces significant uncertainty for Indian exporters and US importers, complicating cost calculations and supply chain planning. Key Indian export sectors, particularly gems and jewellery, face substantial impact amid ongoing geopolitical tensions. Indian trade bodies express concerns over the unpredictability, hoping for a future bilateral trade agreement to restore stability. India remains a major US trading partner, with exports to the US rising significantly in recent months. The tariff imposition coincides with ongoing negotiations for a comprehensive trade pact between the two countries.

Parliamentary panel urges better tribal health data, targeted programs, and joint action to improve tribal women's health
A parliamentary committee criticized the government for insufficient efforts to improve health facilities for tribal women, citing inadequate tribal-specific health data, poor implementation of malnutrition and anaemia programs, and slow progress on reducing child marriage. The Ministry of Tribal Affairs was faulted for failing to coordinate effectively with other ministries and for subsuming tribal health data under broader rural statistics, resulting in ineffective interventions. The committee recommended establishing a dedicated Tribal Health Data Coordination Unit, regionally tailored health campaigns, social audits of Anganwadi centers, and clearer community roles. It highlighted ongoing issues like sickle cell anaemia without adequate screening timelines or support systems and emphasized the impracticality of online registration due to low digital literacy. The panel also urged joint ministry action and increased involvement of local health workers to address early child marriages and unreliable birth registration in tribal areas.

Maharashtra to Cancel Fake Birth Certificates Issued to Illegal Bangladeshi Residents by August 15
The Maharashtra government announced it will cancel fake birth certificates issued to Bangladeshi nationals residing illegally in the state by August 15. Authorities have identified at least 42,000 such cases, with the actual number expected to be higher. The cancellation process involves submitting copies of these certificates to the Departments of Revenue and Health. Previous investigations revealed nearly 4,000 birth certificates were issued based on forged documents, resulting in the suspension of two officials. The government has intensified efforts to identify and deport illegal Bangladeshi residents, with a significant increase in arrests and deportations over recent years.