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August 5, 2025

Trump says he doesn't trust jobs data, but Wall Street and economists do

August 5, 2025

Brazil's Supreme Court orders house arrest for former President Bolsonaro, a Trump ally

August 5, 2025

CM inaugurates key agri-infrastructure projects in Jammu; stresses balanced development

August 5, 2025

Two found dead inside car in Noida

August 5, 2025

India responds to Trump tariff threat, strongly rejects criticism over its energy ties with Russia

August 5, 2025

UP ministers hit ground in flooded districts, distribute relief materials

August 4, 2025

IndusInd Bank appoints Rajiv Anand as MD and CEO for 3 years

August 4, 2025

Chhattisgarh forest department recommends approval of forest land for coal mining project

August 4, 2025

India rejects criticism over its procurement of Russian crude oil; calls out US, EU

August 4, 2025

Delhi CM tables CAG audit report on welfare of construction workers in Assembly

August 4, 2025

'When foreign policy becomes about image-building': Cong slams govt after Trump threat

August 4, 2025

Rajya Sabha deputy chairman Harivansh meets UK deputy speaker Nusrat Ghani

August 4, 2025

Judicial Commission on Kaleshwaram project holds KCR accountable for 'irregularities'

August 4, 2025

Industrialist Gautam Adani meets Bengal CM at state secretariat

August 4, 2025

Trump threatens to 'substantially' raise tariffs on Indian goods over Russian oil purchase

August 4, 2025

Pi42 strengthens presence in Rajasthan, aims to onboard over 1 lakh traders in 2 years

August 4, 2025

HIGHLIGHTS AT 9 PM

August 4, 2025

US pursuing 'neocolonial' policy to maintain hegemony: Russia

August 4, 2025

Challenges to PMLA: CJI to speak with Justice Surya Kant on listing of review, other pleas

August 4, 2025

Woman ends life by jumping from balcony in Hyderabad

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August 5, 2025

Trump says he doesn't trust jobs data, but Wall Street and economists do

Official Dismissed After Jobs Report Shows Weaker Hiring, Highlighting Data Collection Challenges Under Section 5
A government official overseeing labor statistics was dismissed following a monthly jobs report showing weaker hiring figures, which the former president claimed were manipulated without providing evidence. The report revisions, the largest outside a recession in decades, reflect challenges in data collection due to declining survey response rates and increased economic volatility, especially post-pandemic. Economists and market analysts continue to regard the data as reliable, emphasizing that revisions are routine and necessary for accuracy. Concerns have been raised about reduced funding and administrative changes impacting the government's ability to collect economic data effectively. Critics argue that the dismissal and public skepticism serve as distractions from indicators of a slowing economy. The government's methodology involves surveying numerous businesses and estimating employment changes, with annual revisions based on comprehensive records to correct initial estimates, especially during economic turning points.

August 5, 2025

Brazil's Supreme Court orders house arrest for former President Bolsonaro, a Trump ally

Former President Ordered to House Arrest for Violating Precautionary Measures Under Criminal Organization Charges
Brazil's Supreme Court ordered house arrest for a former president facing trial for allegedly orchestrating a coup attempt to overturn the 2022 election results. The court found that he violated precautionary measures by posting on social media through his sons, leading to restrictions including electronic monitoring, curfew, and seizure of mobile phones. Prosecutors accuse him of leading a criminal organization with plans to harm political figures. The decision follows mass protests by his supporters demanding pardons for those involved in violent acts against government buildings. The ruling judge cited the former president's incitement against the judiciary and support for foreign intervention. The case has drawn international attention, including sanctions from the US Treasury against the judge and political tensions linked to trade disputes. The ruling is expected to intensify Brazil's political polarization ahead of the 2026 elections.

August 5, 2025

CM inaugurates key agri-infrastructure projects in Jammu; stresses balanced development

Government launches advanced agri-infrastructure projects to boost value chain and reduce post-harvest losses
The regional government inaugurated multiple agricultural infrastructure projects, including cold storage facilities and value-addition units, aimed at enhancing the agri-value chain and reducing post-harvest losses. These projects, supported by national funding schemes, incorporate advanced technology such as automated climate control and solar power backup. The initiatives seek to promote balanced regional development, increase resilience among farmers, and create employment opportunities in related sectors. The government emphasized the importance of integrating agriculture with trade, tourism, and manufacturing to foster holistic economic growth. The new facilities are expected to benefit farmers across several districts by improving produce quality, price realization, and local economic participation, particularly encouraging youth and women involvement in agriculture.

August 5, 2025

Two found dead inside car in Noida

Two individuals found dead in car suspected due to suffocation from air conditioning left on while sleeping
Two individuals were found deceased inside a car in Noida with no visible injury marks, leading police to suspect death by suffocation. Authorities reported that the victims likely fell asleep with the air conditioning on, resulting in suffocation. Both had been reported missing prior to the discovery. The bodies were located in separate seats within the vehicle, and initial attempts by bystanders to rouse them were unsuccessful. The incident is under investigation, with no evidence of foul play identified at this stage.

August 5, 2025

India responds to Trump tariff threat, strongly rejects criticism over its energy ties with Russia

India rejects US-EU criticism over Russian oil imports, cites energy security and calls out double standards
India has strongly rejected US and EU criticism over its importation of Russian crude oil, following a US threat to impose substantial tariffs on Indian goods due to its energy ties with Russia. India argued that the targeting is unjustified and highlighted that both the US and EU continue significant trade with Russia, including energy and various industrial products. India maintained that its imports are necessary to ensure affordable energy amid global market disruptions caused by the Ukraine conflict and were initially encouraged by the US to stabilize energy markets. The Indian government emphasized that its trade with Russia is smaller compared to that of the EU and that it will take all necessary measures to protect its national interests and economic security. The US accusation that India profits from reselling Russian oil was firmly rejected by India as part of a broader pattern of double standards by Western nations.

August 5, 2025

UP ministers hit ground in flooded districts, distribute relief materials

Ministers Lead Flood Relief Efforts with Inspections, Supplies, and Evacuation Plans Amid Heavy Rainfall
State government ministers conducted on-site inspections and distributed relief materials in multiple flood-affected districts following heavy rainfall that caused rivers to overflow in Uttar Pradesh. They coordinated with local officials to ensure timely assistance, including clean drinking water, food, medical services, and power supply, while emphasizing disease prevention and continuous monitoring of water levels. Relief camps were established, and evacuation plans were reinforced in coordination with village authorities. The administration assured residents of the availability of essential resources and emergency support, with directives issued for maintaining cleanliness and safety. The chief minister is overseeing the situation personally, prioritizing transparency and responsiveness in relief operations.

August 4, 2025

IndusInd Bank appoints Rajiv Anand as MD and CEO for 3 years

Private Bank Appoints New CEO for Three Years Pending Regulatory Approval Under Section 10(b)
A private sector bank appointed a new Managing Director and CEO for a three-year term, effective August 25, 2025, subject to shareholder approval and regulatory clearance from the central banking authority. The appointment follows the resignation of the previous CEO amid accounting irregularities involving bad loans and derivative portfolio losses amounting to approximately 2.35% of the bank's net worth. The new CEO, formerly a deputy managing director at another major bank, assumed the role after retiring from his prior position. The central bank extended the tenure of the bank's executive committee by one month pending approval of the new appointment. The bank disclosed the financial impact of the accounting lapses in its fiscal year 2024-25 filings.

August 4, 2025

Chhattisgarh forest department recommends approval of forest land for coal mining project

Approval recommended for diverting 1742.60 hectares of forest land for coal mining under environmental laws
The Chhattisgarh forest department has recommended approval for diversion of 1742.60 hectares of forest land for a coal mining project allotted to a Rajasthan state power utility, impacting approximately 4.5 lakh trees in the Hasdeo Arand forest area. The recommendation followed a site inspection and is intended for non-forestry coal mining purposes. The decision has faced strong opposition from political leaders and environmental activists who highlight the ecological and cultural significance of the area, including proximity to an archaeological site and river catchment zones. Critics argue the move reverses previous government policies that halted clearances to protect the forest and question the necessity of the new mine given existing coal supplies. The controversy centers on balancing developmental interests with environmental conservation, with calls for the state government to withdraw the approval to prevent deforestation and preserve biodiversity.

August 4, 2025

India rejects criticism over its procurement of Russian crude oil; calls out US, EU

India defends Russian oil imports as vital for energy security, rejects US-EU criticism and tariff threats
India rejected criticism from the US and the European Union regarding its procurement of Russian crude oil, calling such targeting unjustified and unreasonable. The Indian government highlighted that its imports from Russia are driven by the need to maintain stable and affordable energy supplies amid global market disruptions caused by the Ukraine conflict. India noted that the US and EU continue significant trade with Russia, including energy, fertilizers, and industrial materials, without similar criticism. The Ministry of External Affairs emphasized that India's imports are a national necessity, unlike the discretionary trade conducted by the US and EU. India affirmed its right to protect national interests and economic security, responding firmly to threats of increased tariffs from the US.

August 4, 2025

Delhi CM tables CAG audit report on welfare of construction workers in Assembly

Audit Uncovers Major Irregularities in Construction Workers' Registration and Welfare Fund Spending Under Section 7
A government audit report revealed significant irregularities in the registration and welfare expenditure of construction workers under a state welfare board. The report found unreliable data on worker registrations, with evidence of duplicate and ghost entries, and a renewal rate far below the national average. Despite substantial funds exceeding Rs 3,500 crore accumulated over four years, welfare spending remained under 12% of total receipts. Discrepancies totaling over Rs 200 crore were identified between cess amounts recorded by different authorities, with no reconciled database maintained to track cess collection and remittance. The audit also noted incorrect cess assessments and short payments. These findings highlight systemic flaws in fund management, data integrity, and implementation of welfare schemes for construction workers.

August 4, 2025

'When foreign policy becomes about image-building': Cong slams govt after Trump threat

Foreign Tariffs Rise Over Russian Oil Trade, Government Reviews Impact Under Executive Order
A foreign government announced a significant increase in tariffs on imports from another country, citing concerns over the latter's purchase and resale of Russian oil amid ongoing conflict. The opposition party in the affected country criticized its government for prioritizing image over national interest, highlighting that diplomatic engagements have not prevented the imposition of these tariffs. The government stated it is reviewing the impact and will take necessary measures to protect national interests. The tariff increase was enacted through an executive order affecting multiple countries, though specific penalties related to military equipment purchases were not detailed in the order. The situation underscores tensions arising from trade policies linked to geopolitical alliances and energy procurement.

August 4, 2025

Rajya Sabha deputy chairman Harivansh meets UK deputy speaker Nusrat Ghani

Deputy Leaders Discuss AI Use in Parliaments and Strengthening Bilateral Ties Through Tech Innovation
The deputy chairman of the upper house of a South Asian parliament met with the deputy speaker of the UK House of Commons to discuss enhancing bilateral relations, particularly through parliamentary exchanges and the application of artificial intelligence (AI) in legislative functions. The UK official, chairing an AI parliamentary group, is visiting to study AI integration in the South Asian parliament, which has undertaken digitization and AI initiatives to improve legislative efficiency and governance. Both parties acknowledged the recent trade agreement between their countries and emphasized their shared commitment to democratic values and responsible technology use. The visit follows earlier exchanges highlighting AI's role in parliamentary processes, aiming to foster innovation and accessibility in legislative institutions.

August 4, 2025

Judicial Commission on Kaleshwaram project holds KCR accountable for 'irregularities'

Former Chief Minister and Ministers Held Responsible for Kaleshwaram Project Irregularities Under Section 10
A judicial commission appointed by the Telangana government found the former Chief Minister directly and vicariously responsible for irregularities in the Kaleshwaram project, including unauthorized construction without cabinet approval or a finalized Detailed Project Report. The commission also implicated the then irrigation and finance ministers for procedural and financial lapses. The report highlighted rampant governance failures, poor planning, and undue political influence, resulting in significant public funds being wasted. The current government accepted the report and plans to discuss it in the Assembly to determine further action. Opposition leaders have called for the full report's release, asserting the findings can be legally challenged and criticizing the timing ahead of local elections. The project's issues had been a major electoral topic in the 2023 state assembly elections.

August 4, 2025

Industrialist Gautam Adani meets Bengal CM at state secretariat

Industrial Leader Meets Chief Minister to Discuss Deep-Sea Port Project and Investment Opportunities
An industrial conglomerate chairman met with a state chief minister at the state secretariat to discuss investment-related matters, including a major deep-sea port project previously awarded to the conglomerate but now subject to a fresh tender by the state government. The meeting, held in a positive and cordial atmosphere, came amid ongoing uncertainty about the project's status, with no official confirmation on the cancellation of the original tender. The conglomerate affirmed its commitment to the port project. This engagement follows recent interactions between the state government and other major industrial players, signaling a broader effort to attract significant investments and boost industrial development in the region. The port project is considered strategically important for enhancing the state's logistics and trade infrastructure.

August 4, 2025

Trump threatens to 'substantially' raise tariffs on Indian goods over Russian oil purchase

US Plans Higher Tariffs on Indian Imports Over Russian Oil Purchases and Military Equipment Under Executive Order
The US President announced plans to significantly increase tariffs on Indian goods, citing India's substantial purchases of Russian oil and military equipment amid the Russia-Ukraine conflict. The US had already imposed a 25 percent tariff on Indian imports under an executive order but did not specify penalties related to Russian purchases. India, the second-largest buyer of Russian oil after China, has seen its imports from Russia rise sharply since the conflict began. India responded by stating it will protect its national interests and is reviewing the tariff implications. The US aims to pressure India into concessions on agriculture, dairy, and genetically modified foods in ongoing trade negotiations. Despite tensions, both countries continue talks scheduled for August, seeking a balanced trade agreement. The dispute arises amid a significant US-India trade relationship, with India running a substantial trade surplus with the US in goods and services.

August 4, 2025

Pi42 strengthens presence in Rajasthan, aims to onboard over 1 lakh traders in 2 years

Crypto Futures Exchange Plans Major Expansion, Targets 100K Traders with New Options Trading Features
A crypto futures exchange has announced plans to expand its operations in Rajasthan, targeting the onboarding of over 100,000 traders within two years. The platform recently introduced options trading to offer advanced investment tools. It reported a more than 10% increase in investor registrations in the first seven months of the current financial year compared to the previous year, with the majority of users aged between 18 and 35, including students, salaried employees, and small business owners. The company is registered with the Financial Intelligence Unit and aims to maintain full regulatory compliance as a global crypto futures and options platform.

August 4, 2025

HIGHLIGHTS AT 9 PM

CBI Closure Report Accepted in 2018 Corruption Case Under Section 173 CrPC; No Evidence Found
A special court accepted the closure report filed by the Central Bureau of Investigation in a 2018 corruption case involving a regional public works department minister and others, finding no evidence of criminal activity or wrongful loss to the government in the hiring of a creative team. The Supreme Court reprimanded state police officers for assaulting a military officer, emphasizing respect for the armed forces. The court also censured a political leader for derogatory remarks against the army but stayed further proceedings. Additionally, the Supreme Court allowed challenges to communications by a child rights commission urging the transfer of students from unrecognized religious schools to government schools to be heard by the respective high courts. Security agencies confirmed the nationality of terrorists involved in a major attack through biometric and documentary evidence.

August 4, 2025

US pursuing 'neocolonial' policy to maintain hegemony: Russia

Russia Condemns US Economic Sanctions as Neocolonial and Violations of Sovereignty, Calls for Multilateral Cooperation
Russia accused the US of pursuing a neocolonial policy aimed at maintaining its global hegemony through politically motivated economic sanctions and tariffs targeting Global South countries. Russia condemned these measures as violations of national sovereignty and interference in internal affairs, particularly criticizing recent US tariffs imposed on Russia's partners. Russia expressed its commitment to strengthening cooperation with like-minded nations, including BRICS and its expanded members, to oppose unilateral sanctions and promote a multilateral, equitable world order. The Russian Foreign Ministry highlighted the adverse effects of US policies on global economic growth, supply chains, and trade, accusing Washington of protectionism contrary to previously endorsed free trade principles.

August 4, 2025

Challenges to PMLA: CJI to speak with Justice Surya Kant on listing of review, other pleas

Supreme Court to Hear Maintainability of Review Petitions on PMLA Provisions and Enforcement Powers
The Supreme Court is considering multiple petitions challenging its 2022 judgment upholding key provisions of the Prevention of Money Laundering Act (PMLA), including Enforcement Directorate's powers to arrest, search, and attach property. Review petitions and fresh writ petitions seek to revisit the verdict and request referral to a larger bench. A three-judge bench led by a senior justice is set to hear preliminary objections on maintainability of review petitions on August 6-7. Senior counsel requested that review and related writ petitions be heard together, while the Solicitor General opposed this, arguing that maintainability issues should be addressed first. The Chief Justice indicated he would consult the relevant judge on coordinating the hearings. The court is focusing initially on whether the review petitions are maintainable before considering substantive questions, with the government limiting review scope to two specific issues related to procedure and burden of proof under the PMLA.

August 4, 2025

Woman ends life by jumping from balcony in Hyderabad

Woman in 40s Dies by Suicide, Notes Refer to Religious Customs but No Clear Reason Found
A woman in her early forties allegedly died by suicide by jumping from her fifth-floor balcony. Police recovered handwritten notes addressed to family members, which referenced religious customs but did not specify reasons for the act. Family members reported she had been experiencing psychological issues and undergoing treatment for several years. Preliminary investigation, including eyewitness statements and evidence, indicated depression as the cause. A case was registered following a complaint filed by the woman's brother. The notes were not considered formal suicide notes due to the absence of explicit reasons.

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AMENDMENTS TO THE BANKING REGULATION ACT, THE BANKING COMPANIES ACT AND THE RESERVE BANK OF INDIA ACT PROPOSED TO IMPROVE BANK GOVERNANCE AND ENHANCE INVESTORS’ PROTECTION

February 1, 2023

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AMENDMENTS TO THE BANKING REGULATION ACT, THE BANKING COMPANIES ACT AND THE RESERVE BANK OF INDIA ACT PROPOSED TO IMPROVE BANK GOVERNANCE AND ENHANCE INVESTORS’ PROTECTION
AN INTEGRATED IT PORTAL PROPOSED TO BE ESTABLISHED FOR INVESTORS TO RECLAIM UNCLAIMED SHARES AND UNPAID DIVIDENDS WITH EASE
FISCAL SUPPORT FOR DIGITAL PUBLIC INFRASTRUCTURE TO CONTINUE IN 2023-24
ANNOUNCEMENT OF MAHILA SAMMAN SAVINGS CERTIFICATE WITH DEPOSIT FACILITY UPTO Rs. 2 LAKH IN THE NAME OF WOMEN OR GIRLS
MAXIMUM DEPOSIT LIMIT FOR SENIOR CITIZEN SAVINGS SCHEME TO BE ENHANCED FROM Rs. 15 LAKH TO Rs. 30 LAKH
MAXIMUM DEPOSIT LIMIT FOR MONTHLY INCOME ACCOUNT SCHEME WILL BE ENHANCED

With consistent reforms in the financial sector and innovative use of technology, financial markets in India have strengthened. The Union Budget 2023-24 proposes to further solidify the financial sector. The Union Minister for Finance and Corporate Affairs Smt Nirmala Sitharaman while tabling the Union Budget 2023-24 in Parliament today said, “Our vision for the Amrit Kaal includes technology-driven and knowledge-based economy with strong public finances, and a robust financial sector.”

Improving Governance and Investor Protection in Banking Sector

The Finance Minister stated that to improve bank governance and enhance investors’ protection, certain amendments to the Banking Regulation Act, the Banking Companies Act and the Reserve Bank of India Act are proposed.

Central Data Processing Centre

“A Central Processing Centre is proposed to be setup for faster response to companies through centralized handling of various forms filed with field offices under the Companies Act”, the Finance Minister said.

Reclaiming of shares and dividends

The Finance Minister stated that for investors to reclaim unclaimed shares and unpaid dividends from the Investor Education and Protection Fund Authority with ease, an integrated IT portal is proposed to be established.

Digital Payments

Digital payments continue to find wide acceptance across sectors of the economy, as well as sections of society. Sharing data for the last year, the Finance Minister said, “In 2022, they showed an increase of 76 per cent in transactions and 91 per cent in value. Fiscal support for this digital public infrastructure will continue in 2023-24.”

Azadi Ka Amrit Mahotsav Mahila Samman Bachat Patra

Economic empowerment of Women is an important theme across the Budget, and for commemorating Azadi Ka Amrit Mahotsav, the Finance Minister stated that a one-time new small savings scheme, Mahila Samman Savings Certificate, will be made available for a two-year period up to March 2025. This will offer deposit facility upto Rs.2 lakh in the name of women or girls for a tenor of 2 years at fixed interest rate of 7.5 per cent with a partial withdrawal option.

Senior Citizens

For empowerment of Senior Citizens, the Finance Minister said, “The maximum deposit limit for Senior Citizen Savings Scheme will be enhanced from Rs. 15 lakh to Rs. 30 lakh. Further, the maximum deposit limit for Monthly Income Account Scheme will be enhanced from Rs. 4.5 lakh to Rs. 9 lakh for single account and from Rs.

9 lakh to Rs.15 lakh for joint account.’

Data Embassy

For countries looking for digital continuity solutions, facilitation of setting up of their Data Embassies in GIFT IFSC will be done.

Capacity Building in Securities Market

To further build capacity of functionaries and professionals in the securities market, the Budget proposes that SEBI will be empowered to develop, regulate, maintain and enforce norms and standards for education in the National Institute of Securities Markets. It will be further empowered to recognize award of degrees, diplomas and certificates.

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AMENDMENTS TO THE BANKING REGULATION ACT, THE BANKING COMPANIES ACT AND THE RESERVE BANK OF INDIA ACT PROPOSED TO IMPROVE BANK GOVERNANCE AND ENHANCE INVESTORS’ PROTECTION

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Union Budget 2023-24: Amendments to Banking Acts, New IT Portal for Investors, Savings Schemes for Women & Seniors.

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AMENDMENTS TO THE BANKING REGULATION ACT, THE BANKING COMPANIES ACT AND THE RESERVE BANK OF INDIA ACT PROPOSED TO IMPROVE BANK GOVERNANCE AND ENHANCE INVESTORS’ PROTECTION

February 1, 2023

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Union Budget 2023-24: Amendments to Banking Acts, New IT Portal for Investors, Savings Schemes for Women & Seniors.

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