29 C 
'Legalized money laundering in Medicaid!': Witness drops shocker, alleges states exploit fed funds
Nvidia-backed AI startup seals $10b Anthropic deal
AI firm Anthropic has secured a significant computing capacity deal. This agreement is valued at ten billion dollars and spans six years. The contract is with infrastructure startup Volta Infra Holdings, which is Nvidia-backed. This move aims to meet the growing demand for Anthropic's AI products. The deal marks a substantial investment in future AI development capabilities.
Incoming Apple CEO Ternus rehires former VP Legros
Incoming Apple CEO John Ternus is bringing back Laura Legros to his new management team. Legros previously served as a vice president of hardware engineering until her retirement in 2022. She will report directly to Ternus after he assumes the CEO role on September 1. This move signals Ternus beginning to shape the company's leadership structure. Legros will function as a vice president working across various company departments.
Tehran may allow Europe to clear mines in Hormuz
Iran may permit European nations to clear mines from the Strait of Hormuz. This potential shift could aid peace talks and normalize shipping routes. The move offers third-party assurance for maritime industries after recent conflicts. European demining depends on Iran providing security and a sustainable ceasefire. This development could boost broader diplomatic efforts to end the war.
Of 72k migrants, 70k have returned: Spain
Spain has returned seventy thousand migrants to Morocco after their arrival in Ceuta. This influx saw seventy-five people tragically lose their lives while attempting the crossing. Most of the seventy-two thousand migrants who entered irregularly have now departed. Those remaining face difficult living conditions with limited access to basic necessities. Spanish officials confirmed the updated figures following the recent events.
DiCaprio, Bezos plan $200m project for endangered species
Two foundations have committed two hundred million dollars to aid endangered species. This initiative aims to revive one hundred of Earth's most threatened animals. The Phoenix Species Project is the largest fund dedicated to species recovery. It was launched by Re:wild and the Bezos Earth Fund groups. This effort addresses species threatened by climate change and habitat loss.
Tesla's China-made EV sales up 38% on-year
Tesla's China-made electric vehicle sales saw a significant rise last month. Sales from the Shanghai plant increased by 37.8 percent year-on-year. This marks the ninth consecutive month of positive sales growth for the automaker. Model 3 and Model Y vehicles totalled 93,579 units in July. This figure also represented a 5.0 percent increase from the previous month.
IRDAI asks insurers to fast-track Assam flood claims
Insurers must expedite flood claim settlements for affected policyholders. The regulator has directed immediate deployment of surveyors and loss assessors. Special district-level claims desks and 24x7 helplines will be established. Electronic communication is encouraged to speed up claim registration and payments. This directive follows heavy rains and floods which began on July 19.
Airtel Q1 Net Up 35% on Postpaid, Data User Surge
Bharti Airtel reported a 35.45% year-on-year net profit increase for the June quarter. This growth was fueled by strong performance in its India mobile operations and Africa business. The company achieved record postpaid net additions and saw growing smartphone data customers. Bharti Airtel's average revenue per user reached the sector's highest at 264. Consolidated revenue also increased significantly, reflecting broad business strength.
Microfinance lending dips as uneven monsoon alters the landscape
India's microfinance sector contracted in the first quarter after a previous rebound. Uneven monsoon progress weighed on rural demand and lender caution grew. The sector's portfolio shrank four percent to 3.26 lakh crore by June end. Business usually slows during this period, but rainfall added concerns. Lenders remain cautious about growing loans due to uncertain patterns.
Millions of people in the US and Canada eat cereal for breakfast, but experts say the choice may matter for heart health. Fiber, whole grains, added sugar, saturated fat and sodium could all play a role in choosing a breakfast that supports cardiovascular health, with experts highlighting what to look for on the nutrition label.
Parliament Watch: Centre collects 32 lakh crore in cesses as India Inc steps up global expansion
The Centre collected over thirty-two lakh crore rupees from cesses and surcharges. Indian companies are increasing overseas investments to acquire assets and new markets. The National Cooperative Organics Ltd has expanded its certified organic products business. Directorate of Enforcement is investigating thirty-two bank fraud cases actively. Fifty-four accused individuals are currently absconding outside the country.
Quote of the day: George Bernard Shaw's famous line, The more things a man is ashamed of, the more respectable he is, from his 1903 play Man and Superman, continues to spark discussion more than a century later. The quote highlights how self-awareness, conscience and the ability to recognise one's mistakes can reflect strong moral character. Here's a closer look at its meaning, the context in which it was spoken, and George Bernard Shaw's remarkable life and literary legacy.
'Hormuz deal with Iran today' Oil slips below $80 on truce hope
Oil prices experienced a significant decline on Tuesday, falling over five percent. Hopes for a diplomatic resolution to the West Asia conflict emerged. This potential resolution could improve oil flows through the Strait of Hormuz. Talks are underway with Iran to reopen the vital shipping lane. Regional officials also discussed a potential deal with Oman for passage.
Government moves closer to restoring MDR on UPI merchant payments
Parliamentary amendments propose restoring merchant discount rates on UPI payments. This move aims to encourage digital transactions by allowing banks to charge fees. The Reserve Bank of India will determine these charges on person-to-merchant payments. Payment platforms could see significant revenue generation from these new charges. This development follows UPI companies' struggles to build profitable payment businesses.
Sugar prices surge 17% in a month, mills expect more government curbs
India's sugar prices have risen significantly in recent weeks. The government imposed stock limits to help temper these rising rates. Lower output and El Nino concerns are also impacting sugar prices. Demand for sugar remains strong despite the recent price increases. The government has maintained August's sales quota at last year's level.
Japan's Takeda bets on dengue vax to reshape India playbook
Takeda Pharmaceutical's new dengue vaccine Qdenga received approval in India. The vaccine is expected to launch commercially in early 2027. It will initially be available through the private market for individuals. Takeda plans to pursue government procurement and National Immunisation Programme inclusion. This move significantly broadens Takeda's public health focus in India.
SC notice to Government on plea against CAPF Act
The Supreme Court has issued a notice to the Centre regarding a plea. This plea challenges the validity of the Central Armed Police Forces Act, 2026. Petitioners argue the new law violates the doctrine of separation of powers. Thirty-four CAPF officers contend the act overrides a previous court decision.
Just 18% of sewerage projects completed in 5 years under AMRUT 2.0
A parliamentary panel found only 18% of sewerage projects completed under AMRUT 2.0. This slow implementation pace has raised serious concerns about sanitation infrastructure expansion. The mission's second phase, launched in October 2021, has seen limited progress. Many urban areas still lack equitable access to sewerage and septage services. The committee reviewed the mission's success in improving urban sanitation outcomes.
NCPCR begins inquiry into alleged child porn Ads on Instagram
The National Commission for Protection of Child Rights has initiated an investigation into disturbing child pornography ads on Instagram, prompted by a revealing BBC Eye report. These ads, which linked to Telegram channels, were allegedly cleared by Instagram's moderation system before going live. After issuing a notice to Meta Platforms on July third, the Ministry of Electronics and Information Technology has directed the company to remove such content immediately.
AI can turbocharge India's growth despite job disruption: World Bank
Artificial intelligence can significantly boost developing economies' growth before the decade ends. India leads AI adoption, benefiting farmers with weather forecasts and increasing tech activity. Fintech lenders use AI for credit scoring, extending loans to underserved businesses and workers. Governments must quickly close gaps in power, connectivity, skills, and institutional quality. AI could automate some jobs while complementing many others across low-income countries.
IPA seeks to regularise 'legacy' drugs
The Indian Pharmaceutical Alliance seeks to regularize many drugs. These drugs have been marketed for years without central approval. Examples include sodium valproate and carbamazepine tablets. Regulatory gaps have persisted for over a decade. This situation requires urgent attention from drug authorities.
Piyush Goyal likely to visit US for G20 trade meet amid BTA talks
Commerce Minister Piyush Goyal will likely visit the US for the G20 Trade Ministers' Meeting. He is expected to hold bilateral meetings with counterparts on the event's sidelines. India and the United States continue ongoing negotiations for a bilateral trade agreement. The US will lead discussions on various global trade issues with G20 ministers. Washington seeks to establish a global trading order based on fair and reciprocal trade.
Punjab police busts 2 ISI-backed cross-border terror modules
Punjab Police have successfully dismantled two ISI-backed terror modules operating across the border. Nine individuals, including four juveniles, were apprehended during the operation. Authorities recovered three illegal pistols and nine live cartridges from the accused persons. Preliminary investigations indicate foreign-based ISI handlers were involved in recruiting local youth.
Govt unveils tax overhaul to woo global investors, boost manufacturing
A new bill aims to attract foreign investment and support key industries. It eases rules for offshore funds and global fund managers operating from India. Tax exemptions are extended for electronics manufacturing and diamond trading activities. Digital infrastructure development is also a major focus of these proposed changes. These measures seek to enhance India's global economic competitiveness and investment appeal.
Centre to launch Sampoorn Gobardhan Scheme on August 10 to boost CBG production
The Centre will launch the Sampoorn Gobardhan Scheme on August 10 to accelerate compressed biogas production. This new scheme offers higher procurement prices and enhanced capital subsidies for new projects. It aims to address execution challenges faced by the previous SATAT scheme. Mandatory blending of compressed biogas with natural gas supplies is increasing. Fresh investments are critical to meet higher blending targets over the next three years.
India eyes record 20 GW distributed renewable capacity this fiscal
India anticipates its highest distributed renewable energy capacity this fiscal year. Schemes like PM Surya Ghar and PM Kisan Urja are expected to exceed twenty gigawatts. Rooftop solar and solar pumps will drive capacity additions throughout the decade. Data centers will significantly increase clean power demand by 2032. Round-the-clock renewable energy tenders aim for firm and reliable green power supply.
Today's Quote of the Day by Carl Jung: Carl Jungs famous quote highlights that human psychology is formed through a dual relationship between environmental factors and innate genetic inheritance. Rejecting the classictabula rasa(clean slate) philosophy, Jung argues that every individual enters the world with a distinct psychological architecture present from birth. Understanding this fundamental balance allows individuals to embrace their inherent traits while navigating external life circumstances.
Marico to prioritise margins over volumes in certain segments
Marico is now prioritizing profitability over volume and rapid expansion. The company is focusing on premiumization and higher-margin businesses for growth. Marico is willing to forgo volumes in certain channels that lack profitability. Acquisitions will now focus on profit improvement rather than rapid growth. The company continues to invest aggressively in general trade distribution channels.
Govt weighs PLI 2.0 with sharper focus on high-performing sectors
India is planning a second phase for its production-linked incentive programme. This new phase will support high-performing sectors and reduce focus on low-yielding ones. Companies previously excluded will be encouraged to apply for these new schemes. Revisions to existing schemes for sectors like textiles are also being examined. The government aims to make these manufacturing policies more industry friendly and effective.
IndiGo's strongest days are ahead: CEO Willie Walsh
Willie Walsh assumes IndiGo CEO role, addressing employees on his first day. He acknowledged the airline's global recognition for consistency and operational excellence. Walsh stated that IndiGo's greatest opportunities still lie ahead. He also noted the airline's remarkable achievements in a challenging industry. Supply chain and airspace issues are identified as headwinds for the company.
A 28-year-old Bengaluru software engineer earning around Rs 70 lakh per year has sparked a debate online after asking whether it makes more financial sense to continue paying Rs 44,000 in monthly rent or buy a Rs 1.11.25 crore apartment with a Rs 65,000 EMI. The Reddit discussion saw users weigh in with their own experiences, touching on rising property prices, home loan strategies, investment returns and the challenges of renting in Bengaluru.
Indian-flagged vessel attacked in Red sea, all 13 Indians rescued: MEA
An Indian-flagged merchant vessel faced an attack off Yemen's coast on Tuesday. All thirteen Indian nationals aboard the vessel have been successfully rescued. The Ministry of External Affairs confirmed the incident and the crew's safety. New Delhi strongly condemned the targeting of commercial shipping in the region. The sunken vessel was identified as MSV Faize Noore Oliya in the Red Sea.
Jackie the bald eagle's recovery takes a worrying turn after latest health update
Jackie the bald eagle faces a health setback after recent blood tests revealed concerning results. Her packed cell volume has fallen, prompting further medical investigations by veterinarians. The Ojai Raptor Center is conducting advanced diagnostic tests to understand her condition. Jackie has been away from her nest for over two weeks following an eagle attack. Supporters anxiously await further updates on her recovery and treatment plan.
Divided federal appeals court says Trump administration was wrong to terminate climate program
A federal appeals court ruled the Trump administration improperly ended a clean energy program. Nonprofits selected for the Biden-era effort will not immediately access their funds. The Environmental Protection Agency may ask the Supreme Court to intervene in this matter. The divided ruling favors nonprofits and challenges the prior administration's actions.
'It is an undisputably illegal Ponzi scheme: Johnson vs Murray ugly clash over social security
'If someone hungry broke into your home?': Moreno brutally torches Dem witness over Medicaid fraud
Quote of the Day by Enrique Iglesias: Enrique Iglesiass quote, One person cannot change the world. But you can become the world for someone. A warm, bright, and peaceful world. If everyone can be such a world to one person, one will become ten people, and then a hundred. The world will be full of happy people then, explores the importance of kindness, compassion, and human connection. The quote suggests that even small acts of care and support can create meaningful change by bringing happiness, hope, and positivity into another persons life. It highlights how individual kindness can spread and contribute to a more peaceful and caring world.
Disgusting attempt to smear me: Luna blasts WSJ report over insider info leak on Vances VP pick
'There's nothing we could do to rein in Trump': Cornyn explains last-minute move to confirm Blanche
Quote of the Day by Sharon Stone: People dont change their behavior unless it makes a difference for them to do so. The powerful quote by Sharon Stone offers a simple insight into human behavior, motivation and why meaningful change often begins only when people have a personal reason to act differently.
Unexercised ESOP buyback gains taxable as LTCG, not salary income: ITAT
The Income Tax Appellate Tribunal determined that employee stock options are not considered part of salary perks until they are exercised. Any gains from the repurchase of options, which have not yet been exercised, are to be taxed as long-term capital gains. This case revolved around a Flipkart executive who received 2.33 crore from repurchased stock options, affirming that the options are treated as capital assets.
Best Italian Proverb of the Day: Beauty is not a fixed standard but rests within the observer's viewpoint. Personal experiences and emotions shape individual perceptions of attractiveness and value. This Italian proverb encourages acceptance of diverse opinions and perspectives in life. It teaches us to avoid judging others based solely on our own standards. Appreciating different viewpoints helps discover value in unexpected places.
The Heavy Industries Ministry has no separate policy for flex-fuel vehicles. It has not studied incentivizing flex-fuel and electric vehicles. The government defends its E20 ethanol blending program extensively. This program strengthens energy security and cushions consumers from price volatility. Ethanol is produced from multiple approved feedstocks, ensuring farmer interests.
The stock markets new closing auction mechanism changes how closing prices are determined for F&O stocks. The shift from VWAP-based closing prices to auction-based pricing could impact index funds, ETFs and arbitrage funds by improving transparency and reducing tracking errors.
Madhavan now has a captain's license but the cost leaves him afraid to check his bank account
R Madhavan has revealed that the most expensive purchase of his life is a yacht in Dubai, but says it was never about luxury. The actor shared that buying the boat helped him fulfil his long-held dream of earning a captain's license. He also made a candid confession about money, admitting that he feels eally insecure about his bank account and avoids checking his balance too closely despite having a successful career.
World Bank urges developing nations to seize AI opportunity
Developing nations should embrace artificial intelligence for rapid advancement. AI offers significant improvements in healthcare, education, and agriculture services. This technology can boost productivity and create new opportunities for workers. Governments must quickly address infrastructure and skill gaps to benefit. The World Bank sees AI as a crucial tool for economic growth.
The United States has initiated discussions in Rome between Israel and Lebanon, with the talks set to extend through Thursday. This effort underscores the U.S.'s dedication to fostering a stable environment for both governments, focusing on enhancing Israel's security and helping Lebanon regain its governance over the southern region, reducing potential threats in the area.
'Dear God, folks': Cory Booker launches furious 10-minute unscripted attack against Todd Blanche
1.48 billion promotional 140-series calls blocked in Q1 after DND preference checks: TRAI report
TRAI reported 13.16 billion promotional calls originated via the 140 series. About 1.48 billion promotional calls were blocked after verification. Commercial SMS reached 248.06 billion, with 7.30 billion promotional SMS blocked. AI spam detection flagged 24.43 billion suspected calls and SMS. Action was taken against 183,000 telecom resources and 263 senders.
An ancient Apache proverb emphasizes action over mere talk. It suggests that deeds hold more significance than loud promises. Consistent effort and tangible results earn respect and recognition. This wisdom remains relevant in today's fast-paced digital world. True strength is demonstrated by accomplishments, not by spoken words.
Quote of the Day by Jennifer Aniston: Jennifer Anistons quote, Yoga calms me down. Its a therapy session, a workout and meditation all at the same time! explores the importance of mindfulness, balance, and overall well-being. The quote suggests that yoga can provide emotional relaxation, physical strength, and mental clarity by combining exercise, meditation, and self-care into one practice. It highlights how taking time for personal wellness can reduce stress, improve focus, and create a sense of inner peace in everyday life.
Quote of the Day by Gloria Estefan: Gloria Estefans quote, How can we expect something positive to come from all the negative that we put into this world? explores the connection between our actions and the kind of world we create. The quote suggests that positivity, kindness, and meaningful change can only grow when we choose to contribute compassion, respect, and understanding instead of spreading negativity. It encourages self-reflection and reminds us that every thought, word, and action has the power to influence the people and environment around us.
Racism against NHS staff worsens amid anti-immigrant rhetoric: Survey
Non-white medical staff in the UK's NHS face increasing racist abuse and discrimination. A recent survey revealed a noticeable rise in such incidents over the past eighteen months. Some patients refuse treatment from non-white doctors and nurses, which is unacceptable. Indians form a significant part of the internationally trained medical workforce in the NHS. The Society of Radiographers will hold NHS trusts accountable for addressing these racist incidents.
Franklin Templeton's new open-ended short term debt scheme, the Franklin India Short Term Fund opens NFO from 5th to 11th August. Here's all investors need to know about the scheme type, duration, minimum investment amount and potential risk class.
A 21-year-old Canadian student has built Lyvio, a social media app with no ads, algorithms, likes or follower counts. The app is designed to help users escape endless scrolling and actually put their phones down. The app comes at a time when Canada is reportedly moving to restrict social media use for people under 16.
Chinas Marine Economy Shows Impressive Growth in First Half of 2026
Beijing, August 4: In the first half of 2026, Chinas economy has continued its stable and positive growth trend. Key indicators in various sectors, including the marine economy and ecological environment, reflect the strong resilience and vitality of Chinas economy. According to the latest data released by Chinas Ministry of Natural Resources on August 3, ... Read more Chinas Marine Economy Shows Impressive Growth in First Half of 2026
Indian vessel sinks near Yemen after projectile strike; 14 seafarers rescued
An Indian vessel, MSV Faize Noore Oliya, sank after a projectile strike near Yemeni waters. All fourteen seafarers aboard were safely rescued by the Yemeni Coast Guard. Thirteen of the rescued individuals were Indian nationals, according to the minister. The government has prioritized the safety of Indian seafarers in the region.
Austria records all-time temperature high of 41C
Austria has set a new record with temperatures soaring to a staggering 41 degrees Celsius, marking its hottest day in history. This heat wave follows an unprecedented dry July, leaving farmers facing severe challenges in sustaining their livestock due to the parched pastures. In a similar vein, Slovakia reports its own record of 40.8 degrees Celsius.
RBI MPC Meeting Highlights: RBI cuts repo rate by 25 bps to 5.25%, maintains neutral stance
RBI MPC 2025, RBI Monetary Policy Meeting Outcomes, RBI MPC Meeting December 2025 News & Highlights: Here are the major live updates related to the latest bi-monthly RBI Monetary Policy Committee meeting.
Veteran actor Pradeep Rawat passed away at the age of seventy-four. He succumbed to a cancer relapse after previously recovering from the disease. Rawat was widely recognized for his roles in Mahabharat and Ghajini. He also delivered a memorable performance in the film Lagaan. His funeral will be held in Mumbai on Wednesday evening.
Scientists spent 10 years searching for East Asia's tallest treewhat they found was extraordinary
Researchers found East Asia's tallest tree, a Taiwania fir, standing 84.1 meters high. This discovery followed a decade-long scientific expedition using advanced laser mapping technology. Hundreds of citizen scientists assisted in analyzing data to identify these remarkable old-growth forests. The giant tree offers insights into biodiversity and vital carbon storage capabilities. These ancient forests are crucial for regulating the global climate and supporting rich biodiversity.
'I left just 10 minutes early': Gen Z employee shares how one text message from CEO left her stunned
A Gen Z employee shared workplace frustrations on Reddit recently. She detailed receiving a CEO message for leaving early, while expenses took weeks. Her manager took long breaks, but she faced scrutiny for minor departures. The employee also felt pressured to hire an unpaid intern. Online users advised her to prioritize experience and seek new opportunities.
Transport, pharma and biotech as industry become Indias biggest research investors
The report also shows that industry now employs more researchers than the public sector in core R&D activities, underscoring a broader shift in the countrys innovation landscape.
Iran, Oman near Hormuz reopening deal as talks advance
Iran and Oman are making progress on a deal to reopen the Strait of Hormuz. This potential agreement involves shared control and service fees for maritime passage. US officials confirm talks are ongoing but not yet finalized. President Trump stated this is Iran's last chance to avoid escalation. A cargo ship was recently hit by an unknown projectile in the strait.
Factor investing has gained significant traction as investors increasingly seek rule-based strategies over traditional market-cap investing. While momentum has delivered the strongest long-term returns, the data shows that higher returns do not necessarily mean the highest risk.
'The ayes are 12, nays are 10': Senate Committee advances Todd Blanche after heated GOP-Dem debate
India's Gig Economy: Long Hours, Low Pay and Missing Labour Protection
While the Social Security Code, 2020 recognises gig workers, the other three labour codesthe Industrial Relations Code, the Occupational Safety, Health and Working Conditions Code, and the Wage Codedo not. As a result, the debate has so far been limited to social security rather than comprehensive labour rights
Danish Proverb of the Day highlights the meaning of Better a friends bite than an enemys caress. The saying reflects the importance of honesty, trust, and genuine care in relationships. It suggests that a true friend may sometimes offer criticism, correction, or difficult advice because they genuinely want the best for us, while an enemy may show kindness or affection with hidden intentions. The proverb reminds us that sincere honesty is often more valuable than false comfort. It highlights how real friendship is built on loyalty, truth, and support rather than simply pleasing words or temporary approval.
'Sir, what planet did you just parachute in from?': Kennedy torches Dem witness over Medicaid fraud
India, US working towards interim trade agreement: MEA
India and the United States are actively pursuing an interim trade agreement. Both nations have completed substantial work on the proposed trade deal. Certain outstanding issues require finalization before the agreement can be concluded. A delegation from the US Trade Representative visited India in June for discussions. Both countries are diligently working towards finalizing this bilateral trade accord.
Indian authorities are investigating an Air India flight which experienced a momentary altitude variation. The flight, carrying 137 passengers and 8 crew, landed safely in Delhi. Eight passengers and four crew members required hospital treatment following the incident. Investigators have secured the flight data and cockpit voice recorders for analysis.
Honeymoon murder: Caterer approaches cops over unpaid dues from Raja Raghuvanshi-Sonam wedding
A caterer has approached Indore police seeking Rs 2.82 lakh in unpaid wedding dues from Raja Raghuvanshi's family, nearly 15 months after his murder during his honeymoon in Meghalaya. Police declined the complaint, calling it a civil matter. The two families blame each other for payment, while Raja's wife Sonam, accused in his killing, faces a Supreme Court surrender order.
Quote of the day by Brian Flores teaches words of wisdom and timeless lesson that life should not be judged by individual victories or defeats alone. A meaningful journey includes moments when preparation pays off and moments when it does not. What matters is the ability to keep learning, remain open to change and continue moving forward. Success is never completely guaranteed, but growth can still emerge from disappointment. Sometimes the lesson gained from losing is precisely what prepares a person for the opportunity they could not yet see.
Psychology says people who give huge importance to their house help aren't necessarily arrogant or dependent. The behaviour can reflect empathy, gratitude, emotional intelligence and an egalitarian mindset. It can also show how people understand division of labour, social relationships and mutual dependence. Respect for domestic workers may reveal personal values and the way someone manages relationships within the household.
P&G seals Thorne deal to expand wellness business
Procter & Gamble will announce its acquisition of Thorne supplements on Tuesday. The company's CEO stated the acquisition price aligns with industry benchmarks. Haleon, a UK consumer health firm, was reportedly bidding for Thorne. Thorne was valued at up to four billion dollars in June. P&G recently forecast slower annual sales growth despite strong beauty division results.
Zindagi Na Milegi Dobara's Arjun Saluja taught us to chase FIRE, but how to protect it for 50 years
An early retiree must build a larger retirement corpus by targeting a lower withdrawal rate in retirement and by maintaining a margin of safety in the corpus to account for swings during multi-decadal economic cycles
Today, we look at how employees provident fund members can file a grievance with the retirement fund body, the step-by-step process to register a complaint, the customer care and social media alternatives.
Goyal may visit US next month-end for G20 Trade Ministerial
Visit could hold added significance as conversation between India, US on proposed trade pact is ongoing
Indian economy to hit $5-trillion mark in FY29 as per IMF: Finance Minister Nirmala Sitharaman
As per the World Economic Outlook database (April 2026) published by the IMF, Indias GDP at current prices is projected to be around $5.1 trillion by 2028-29, Nirmala Sitharaman said in a written reply in the Rajya Sabha
Rice-wheat monoculture impacting Punjabs soil health, says study
Union Minister of State for Agriculture and Farmers Welfare Bhagirath Choudhary tells the Lok Sabha that it has affected soil physical health without appropriate management practices
Piyush Goyal likely to visit US for G20 trade ministers meet next month
Piyush Goyal, India's Commerce Minister, will travel to the United States, participating in the pivotal G20 Trade Ministerial meeting. His schedule includes crucial discussions with international counterparts aimed at reinforcing trade and investment ties. The ministerial will address significant topics such as forced labor and the weaponization of trade, while negotiations are ongoing for a bilateral trade agreement that promises to deliver substantial advantages for India.
India's private consumption projected to reach $1.9 trillion by 2030: FICCI-Deloitte report
India's private consumption is projected to reach $1.9 trillion by 2030. This growth stems from rising incomes and rapid digital adoption. Consumers now prioritize quality, health, and societal issues over price. Businesses must adapt to evolving demographics and regulatory landscapes. The government is enhancing quality standards and modernizing testing infrastructure.
Indian farmers may grow worlds first gene edited rice variety this winter
ICAR is expected to sign a MoU this month with US-based Corteva, which holds the license for the CRISPR-Cas9 gene-editing technology
Jet fuel demand slips to lowest in over two years in July
Airline operations saw moderation with carriers reducing capacity across domestic, international markets
Civil Aviation Minister Naidu visits passengers injured in Air India Phuket-Delhi turbulence
An Air India flight from Phuket to Delhi experienced severe turbulence, causing injuries. Eight passengers and four crew members were hospitalized for treatment after the incident. Civil Aviation Minister Ram Mohan Naidu visited the injured passengers at Fortis Hospital. The aircraft landed safely, and authorities are investigating the turbulence event.
Best Mexican proverb of the day: An age-old Mexican proverb underscores the importance of relinquishing what lies beyond our control. This wisdom urges individuals to channel their energies toward truly meaningful pursuits. It highlights the virtues of acceptance and patience, advocating for the understanding that letting go can often be the wisest choice. This insightful saying continues to resonate, nudging everyone to wisely allocate their precious time.
SC extends mandatory third-party insurance to four years for new cars, six years for two-wheelers
The direction extends the existing mandatory insurance period by one year for both categories of vehicles
Electronic mode of payment outside negative list likely to attract MDR
Bill will enable the government to notify which instruments, category of people making payment, threshold, etc for exemption from MDR
