Asian Markets Rise Amid US-China Tariff Deadline and Fed Rate Cut Speculation
Asian stock markets rose ahead of a US presidential deadline to potentially impose increased tariffs on Chinese imports, following a 90-day truce that paused triple-digit tariffs. Recent negotiations between the US and China ended without clarity on extending this truce. The uncertainty around tariff imposition has raised concerns about its impact on corporate profits and the broader US economy. Concurrently, US markets showed gains driven by strong earnings reports from major companies, though some sectors faced declines due to recent mergers. Investors are awaiting upcoming US inflation and retail sales data, which may influence the Federal Reserve's interest rate decisions amid trade tensions and economic slowdown risks. The Fed is expected to consider a rate cut to support economic growth while managing inflation and employment targets. Currency and oil prices showed minor fluctuations in response to these developments.

Study Reveals Home-Cooked Cat Diets Often Lack Essential Nutrients, Urges Vet-Recommended Commercial Foods
A national survey conducted by a research firm in collaboration with veterinary associations and supported by a petcare company revealed significant nutritional deficiencies in cats fed home-cooked diets in India. The study, involving over 500 veterinarians, debunked common myths such as the suitability of milk for adult cats and the superiority of homemade food. Findings indicate that most veterinarians (88%) believe home-cooked diets fail to meet cats' essential nutrient requirements, while commercial pet foods provide balanced nutrition, improve health outcomes, and are scientifically formulated. Veterinarians recommend feeding cats complete, life stage-appropriate diets and caution against sharing human food due to potential toxicity and malnutrition risks. The research emphasizes the importance of veterinary guidance in pet nutrition to ensure feline health and well-being.

Eight-Year-Old Sets World Record as Youngest Solo Paragliding Pilot with Certified Training
An eight-year-old child from India has become the youngest paragliding pilot globally by completing a solo flight at a high-altitude location under certified supervision, setting a new world record. The child received foundational training at a recognized paragliding school and previously achieved records in endurance activities such as trekking to a major mountain base camp and completing a long-distance cycling challenge. The accomplishments have been widely recognized by adventure sports organizations and educators, highlighting the importance of proper training and support in youth adventure sports. The child's parent has played a significant role in facilitating safe and disciplined participation in these activities. This record-setting achievement underscores the potential for youth empowerment through outdoor physical challenges and serves as an inspiration for young aspirants in adventure sports.

National Touring Car Championship Wraps with Dominant Wins and Exciting Comebacks Across Multiple Series
A national touring car championship event concluded successfully, featuring multiple racing series and categories with dominant performances by one team securing top positions in the main series. Various teams and drivers achieved notable victories across different classes, including last-minute overtakes and strong comebacks. The event combined high-level motorsport competition with cultural and tourism activities, creating an integrated festival atmosphere. Organizers implemented a model blending racing, immersive fan experiences, and entertainment, enhancing the event's appeal and promoting regional cultural and economic vitality. The race also served as a platform to showcase the host city's industrial and ecological attributes to a broader audience. The championship will continue with its next round at a major international circuit.

Supreme Court Reviews Liquidation Recall, Ex-Minister Scam, Muslim Divorce Validity, and Criminal Cases
A Supreme Court docket includes pleas concerning the recall of a liquidation verdict against a power and steel company, challenges related to an ex-minister involved in a cash-for-jobs scam, the validity of extrajudicial divorce practices among Muslims, and criminal cases involving prominent politicians. Additional petitions address defamation claims, election commission disputes, and public safety issues such as stray dog bites. The High Court will consider a death penalty plea in a terror funding case and a challenge to charges in a sexual harassment case against a former sports official. Various regional political and administrative events are scheduled, including legislative sessions, inaugurations, protests, and public grievance hearings across multiple states.

Military Official Repeats Hostile Statements Amid Global Political Tensions and Uncertain Tariff Decisions Under Review
A military official from one country reiterated hostile statements against another nation during a visit to the United States. A U.S. government representative has not yet made a decision regarding tariffs related to a third country's purchase of oil from a sanctioned nation. Additionally, a government leader from Australia announced recognition of a disputed state. Various political developments are reported in multiple countries, including ongoing conflicts and diplomatic issues in South Asia, Eastern Europe, and the Middle East.

Equity Benchmarks Rise on Foreign Investor Inflows and Fed Rate Cut Hopes, Sensex and Nifty Gain
Equity benchmark indices traded higher in early sessions due to renewed foreign institutional investor inflows and positive trends in US and Asian markets. The Sensex rose by 104.84 points and the Nifty increased by 55.85 points, supported by gains in several major companies, while some lagged. Foreign investors purchased equities worth approximately Rs 1,933 crore, reversing a prior losing streak influenced by trade tensions and weak earnings. Market optimism was further bolstered by expectations of a potential Federal Reserve interest rate cut. Despite recent declines, these developments contributed to a positive trading environment.

Indian Rupee Gains on Weak Dollar and RBI Intervention Amid US-Russia Talks and Market Uncertainty
The Indian rupee appreciated by 8 paise to 87.50 against the US dollar in early trade, influenced by a weaker US dollar and anticipation of upcoming US-Russia talks. The Reserve Bank of India intervened by selling dollars to support the rupee. Forex reserves declined by over USD 9 billion in the week ending August 1. Market participants expect the rupee to trade within a narrow range amid uncertainty related to US and Indian inflation data and geopolitical developments. The US-Russia summit scheduled for August 15 is seen as potentially impactful on trade tariffs affecting India. Domestic equity markets showed gains, and foreign institutional investors resumed net buying after several days.

Pakistani Army Chief Calls Kashmir Vital Issue, Warns of Firm Response to Indian Aggression
The Pakistani Army Chief reiterated strong anti-India statements during a speech to the Pakistani diaspora in the US, referring to Kashmir as a vital issue for Pakistan and denying it as an internal matter of India. He emphasized Pakistan's readiness to respond firmly to any Indian aggression, asserting Kashmir remains an unresolved international concern. The visit included high-level meetings with US military officials and discussions on strengthening Pakistan-US relations, including potential trade agreements and investments. The Pakistani Army Chief also highlighted gratitude towards former US leadership for preventing conflict escalation. India rejected the claims, affirming Kashmir as a union territory and attributing military de-escalation to direct bilateral talks without US mediation. The visit marked ongoing diplomatic and military engagement between Pakistan and the US.

Indian Cost Accounts Service Foundation Day 2025 Highlights Tech, Training, and Excellence in Public Financial Management
The Department of Expenditure under the Ministry of Finance held the Indian Cost Accounts Service (ICoAS) Foundation Day 2025, highlighting the service's role in advancing public financial management and economic development. The Secretary of Expenditure emphasized embracing technology, innovation, and capacity building through training programs and the iGoT Karmayogi portal to enhance professional competencies. The event included presentations on ICoAS achievements, infrastructure appraisal, and cybersecurity in governance. Several officers were recognized for exemplary contributions. The celebration underscored ICoAS's integral role in policy formulation, cost management, and efficient public expenditure, reinforcing its commitment to supporting India's economic growth and governance reforms.

US President Weighs Tariffs on China Over Russian Oil Purchases Amid Broader Trade Concerns
The US President has not yet decided whether to impose tariffs on China for purchasing Russian oil, with considerations involving broader US-China relations beyond the Russian oil issue. The administration recently imposed a total 50 percent tariff on another country for similar purchases, drawing strong condemnation from that country's government, which deemed the tariffs unfair and pledged to protect its national interests. The decision regarding China remains under review, with no final determination made.

Municipal Ban on Meat Shops for 24 Hours on Independence Day Upheld Under Local Act Section 15
A municipal corporation issued an order mandating the closure of all licensed meat shops and slaughterhouses for 24 hours on Independence Day, citing public order and tradition. The order, in place annually since 1988, prohibits the sale and slaughter of animals during this period under a municipal act, with penalties for violations. Opposition political leaders challenged the ban, arguing it infringes on individual food choices and cultural dietary practices, particularly among communities with non-vegetarian traditions. They criticized the authorities for imposing restrictions on personal freedoms and demanded administrative accountability. Supporters of the order maintained it is a customary observance and questioned the opposition's objections. The dispute highlights tensions between administrative regulations aimed at public observance and claims of infringement on cultural and individual rights.

Supreme Court to Hear Cases on Steel Company Liquidation, Cash-for-Jobs Scam, and Muslim Divorce Law Validity
The Supreme Court is scheduled to hear multiple significant cases, including a plea to recall the liquidation order of a major steel company, challenges related to a cash-for-jobs scam involving a former minister, and the validity of extrajudicial divorce practices under Muslim personal law. Additionally, the court will consider criminal cases involving a former state chief minister, challenges to the Special Infrastructure Region designation in Bihar by politicians, and a defamation case filed by a Delhi Lieutenant Governor against an activist. The court will also address a suo motu petition concerning public safety issues arising from stray dog bites.

Union government ad spending jumps 84% from 2020-21 to 2024-25, sparking transparency concerns
The Union government's expenditure on advertisements increased by over 84% from 2020-21 to 2024-25, rising from Rs 349.24 crore to Rs 643.63 crore, according to data analyzed by an opposition party from the Directorate of Advertising and Visual Publicity website. The government declined to provide this information directly in Parliament, instead directing members to the website. The opposition criticized this approach as undermining parliamentary transparency. Total advertising expenditure across 66 ministries from 2020-21 to August 2025 amounted to Rs 2,320.14 crore, averaging Rs 454 crore annually. The increase was particularly notable in the pre-election year 2023-24, when spending reached Rs 656.08 crore. The opposition characterized the government's actions as prioritizing public relations over accountability.

Government expands military offensive targeting militants in populated camps amid humanitarian crisis and international outcry
An unnamed government defended an expanded military offensive in a contested territory, targeting militant strongholds beyond initial announcements, including densely populated camps sheltering displaced persons. The government emphasized its objective to dismantle the militant group, assert security control, and establish a non-native civilian administration, denying allegations of starvation policies despite widespread humanitarian crises and significant civilian casualties, including deaths during aid distribution. The operation has drawn international condemnation, with concerns over collective punishment and escalating hostilities voiced by multiple states and UN officials, while a key ally expressed unwavering support. Humanitarian organizations report severe malnutrition deaths, particularly among children, amid displacement and restricted aid access. Domestic opposition includes calls for labor strikes over fears for hostages' safety. The situation remains volatile, with ongoing clashes, contested narratives on civilian harm, and diplomatic tensions regarding military support and humanitarian conditions.

Israeli Government Expands Military Offensive in Gaza to Dismantle Militants, Plans Civilian Administration
The Israeli government has expanded its military offensive in Gaza beyond initial announcements to include additional areas, aiming to dismantle militant strongholds. The government emphasized its objective to defeat the militant group and asserted there is no intent to occupy Gaza but to establish security control and a civilian administration not affiliated with Israel. Despite international criticism and concerns about humanitarian conditions, the government denied policies of starvation and indicated plans to increase aid distribution. It also announced intentions to allow more foreign journalists into Gaza. The militant group rejected the government's statements as false. The situation remains subject to international scrutiny, with ongoing diplomatic discussions and calls for restraint.

19-Year-Old Arrested for Kidnapping, Raping, and Forcible Conversion of Minor Girl Under POCSO and UP Conversion Act
A 19-year-old male was arrested in Kushinagar district on charges of kidnapping, raping, and forcibly converting a 17-year-old Hindu girl. The victim's mother reported the kidnapping, leading to police action and the victim's rescue. The accused allegedly lured the girl to Mumbai, where he converted her religion, raped her, and changed her identity, including issuing a new Aadhaar card under a different name. Charges were filed under various sections related to rape, kidnapping, cheating, criminal intimidation, the Protection of Children from Sexual Offences Act, and the Uttar Pradesh Prohibition of Unlawful Conversion of Religion Act, 2021.

Airline diverts domestic flight due to technical issues and bad weather, promises inspections and alternative travel
An aircraft operating a domestic flight was diverted to an alternate airport due to a suspected technical issue and adverse weather conditions. The airline confirmed the precautionary landing and stated that the aircraft would undergo necessary inspections. Passengers were to be provided with alternative travel arrangements to reach their original destination. The airline acknowledged the inconvenience caused but did not disclose passenger numbers. This incident follows recent reports of similar technical difficulties affecting the airline's fleet.