Ahead of the festive season, the GST cut on household staples and medicines is set to boost consumption and ease prices. Companies anticipate increased demand for various products, with tax cut benefits passed on through price reductions or increased grammage. This move is expected to energize consumer sentiment, particularly in rural areas, and stimulate growth in the FMCG sector.
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In Firozabad, a 53-year-old man was arrested for the murder of a 10-year-old girl. The accused lured the Class 2 student into a millet field with the intention of sexual assault. When he failed in his attempt, he strangled her with a rope and hid her body, fearing she would reveal his crime.
US Commerce Secretary Howard Lutnick anticipates India will apologize and negotiate with President Trump, drawing parallels to Canada's trade concessions. He cautioned India to cease purchasing Russian oil, withdraw from BRICS, and support the US, or face substantial tariffs. Lutnick emphasized the US's economic dominance and its role as a primary consumer market.
A controversy has erupted within India's scientific community following the International Olympiad on Astronomy and Astrophysics (IOAA) in Mumbai. Accusations have surfaced against faculty members for allegedly orchestrating a resolution to suspend Israel's participation due to the ongoing conflict in Gaza.
The 56th GST Council meeting, presided over by Nirmala Sitharaman, is set to introduce significant changes to India's indirect taxation framework. The council is considering consolidating GST rates, potentially eliminating the 12% and 28% categories, and shifting items to 5% or 18% brackets.
Manoj Tiwary, the former Indian cricketer, has ignited controversy by advocating for India to boycott their Asia Cup match against Pakistan, scheduled in Dubai on September 14. His call follows the recent terror attack in Jammu and Kashmir's Pahalgam, which resulted in the deaths of 26 people due to Pakistan-backed terrorism.
During the SCO Summit in Tianjin, PM Modi and President Putin displayed camaraderie, while PM Modi and President Xi discussed border peace and resuming flights. India's S-400 missile defense system, dubbed "Sudarshan Chakra," played a crucial role in Operation Sindoor, successfully intercepting Pakistani drones and missiles aimed at Indian cities, bolstering India's air defense capabilities.
A suicide bombing at a Balochistan National Party rally in Quetta, Pakistan, resulted in at least 11 fatalities and 18 injuries. The explosion took place in the stadium parking area where hundreds of BNP supporters had congregated. Emergency services responded swiftly, and an investigation has been initiated, though no group has claimed responsibility for the attack.
Mitchell Starc has retired from T20 Internationals to prioritize Test and ODI cricket, finishing as Australia's second-highest T20I wicket-taker. He aims to stay fresh for upcoming Indian Test tour, Ashes, and 2027 ODI World Cup. Australia named their squad for the T20 series against New Zealand, with Ben Dwarshuis joining the pace attack.
Chief Economic Advisor anticipates India's economy to grow between 6.3% and 6.8% in FY26, dismissing concerns about high US tariffs causing significant risks. The economy expanded by 7.8% in April-June, driven by a robust farm sector, outpacing China's growth. Manufacturing activity remained steady, contributing to the overall positive economic outlook.
Alastair Cook and Michael Vaughan have called for significant reforms to Test cricket rules. Cook suggested allowing teams to take two new balls within 160 overs at their discretion, while Vaughan advocated for broader substitution rules beyond concussion replacements to maintain match quality. Both believe these changes are crucial for Test cricket's competitiveness and player welfare.