In response to US tariffs, India is targeting 40 key markets, including the UK and Japan, to boost textile exports. This diversification strategy aims to position India as a reliable supplier of sustainable textiles. Export Promotion Councils will lead the effort, leveraging FTAs and international trade fairs.
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Dr. Urjit Patel, former RBI governor, has been appointed as Executive Director at the International Monetary Fund for a three-year term, following central government approval. Patel previously served as the 24th RBI governor and also held the position of deputy governor, overseeing key areas such as monetary policy and economic research.
A US federal appeals court has ruled that most tariffs imposed by President Trump under emergency powers were illegal, challenging the core of his trade policy. The court stated that the President exceeded his authority under the International Emergency Economic Powers Act (IEEPA) as the law does not explicitly grant the power to impose tariffs.
In a shocking incident in Sonapur Tanda village, Vijay Rathod was arrested for the premeditated murder of his wife, Vidya. He attacked her with a sharp weapon following frequent quarrels fueled by suspicions of infidelity. The police investigation revealed that the victim was also harassed by her mother-in-law and brother-in-law for dowry, leading to charges against them as well.
Heavy discharge from Hathnikund barrage caused the Yamuna River to swell, crossing the 207-meter mark in Delhi and displacing around 12,000 people. The water level is expected to rise further, approaching the historic 1978 flood levels.
The chief priest of a Japanese temple gifted Daruma Doll to Prime Minister Narendra Modi as PM Modi reached Japan for his two-day visit. Daruma Doll is an iconic cultural symbol in Japan with its roots in India. Daruma is based on Bodhidharma, an Indian monk from Kancheepuram, known in Japan as Daruma Daishi.
India and Singapore have unveiled a comprehensive strategic partnership roadmap to enhance collaboration across various sectors, including economic cooperation, skill development, and digitalization. The agreement, announced during PM Modi's talks with Singaporean PM Lawrence Wong, focuses on strengthening ties beyond traditional areas, with an emphasis on advanced manufacturing, green shipping, and civil nuclear energy.
Despite US pressure, India and Russia reaffirmed their strong ties at the SCO summit, with PM Modi and President Putin emphasizing their nations' enduring friendship and cooperation. Modi highlighted the importance of their partnership for global stability, while Putin noted the positive momentum in trade and economic relations.
Goa is set to host the FIDE World Cup in 2025, marking its return to India after 23 years, reminiscent of the 2002 World Junior Championship where Levon Aronian emerged victorious. The event not only boosted Goa's tourism, particularly attracting Russian visitors, but also showcased the region's hospitality and organisational capabilities.
Congress has criticized the Centre's recent GST cuts as belated, arguing the original tax design was flawed. Finance Minister Nirmala Sitharaman announced the rate reductions, effective September 22, shifting many items to the 5% and 18% slabs, with some items now at 0% and others at a 40% 'sin tax' rate.
In a shocking incident near Talaja, Bhavnagar, a 29-year-old married man has been arrested for allegedly raping his 22-year-old sister at knifepoint on two occasions. The victim, blackmailed due to her relationship with another man, endured the assaults in July and August. She bravely contacted the 181 helpline after the second incident, leading to the arrest.