The Economic Times
Elections 2026Economy / The Economic Times
In response to challenges regarding Indias 7.8 percent GDP growth, Commerce Minister Piyush Goyal passionately argued against the claims made by opposition figures and a past finance secretary. He underscored India's stability in the face of global economic turmoil, pointing to high job prospects within the textile sector. Goyal condemned the efforts of critics aiming to mislead the public about the nations economic health.
The DGGI proposed mandatory recording of website payment details to stop illegal gaming networks. This aims to plug financial system gaps exploited by betting operations. The agency's probe uncovered a betting ecosystem estimated at seventy thousand crore rupees. Recommendations will undergo wider consultation with payment entities and banks. This initiative seeks to trace transactions and identify illicit fund routing networks.
Fort Lewis Army Base used staff training, equipment upgrades, renovation projects, and improved operating practices to strengthen building energy efficiency. In 2003, its Public Works Department hosted a BOC Level I course for twenty-five Maintenance and Repair Division employees and other Public Works staff. The training helped employees expand their knowledge of building systems, energy conservation, indoor air quality, and equipment operation. The base also worked on energy-efficient lighting
Amazon has announced that it will shut down its Mechanical Turk crowdsourcing platform on September 30, 2026, after two decades of connecting global workers with online tasks. The ongoing advancements in AI have led to a decline in human involvement in these digital jobs. This decision highlights a significant transition in the workforce dynamics between humans and AI, affecting many who depended on the platform for flexible job opportunities.
Quote of the day by Charlie Munger: You look at Carnegie and Franklin... and see how much of their knowledge came from teaching themselves through reading. The idea reaches beyond books, touching the way people handle work, uncertainty, mistakes and important decisions when no one else can provide the answer. The deeper lesson is that curiosity builds judgment over time, helping us think independently, learn from experience and understand that education does not end when formal schooling does.
Best German Proverb of the Day: Dont paint the devil on the wall is a German proverb cautioning against imagining trouble before it happens. Its vivid imagery offers a lesson in handling uncertainty without turning possibilities into fears. The proverb encourages people to remain realistic, avoid needless pessimism and focus on what is actually happening rather than constantly anticipating the worst.
A latest Central Vigilance Commission report reveals that 7,229 corruption cases investigated by the CBI are pending trial across various courts. Of these, 409 cases have remained pending for more than 20 years, while 1,612 cases have been pending for less than three years, highlighting prolonged delays
Scientists identified Praearcturus gigas as the largest known scorpion, measuring one meter long. This ancient predator lived approximately 415 million years ago during the Early Devonian period. Researchers re-examined museum fossils, revealing new details about its anatomy and lifestyle. The discovery challenges previous explanations for giant arthropod sizes. This finding highlights the ongoing scientific value of historical museum collections.
Bessent, asked about Russian support for Iran in an interview on Fox News following a G20 gathering in North Carolina this week, also warned everyone against backing Tehran. My message to everyone is stay away. We all want this conflict to end, and the fastest way for the conflict to end is for no one to provide any support to this regime, he told Fox & Friends one day after Russian President Vladimir Putin threw his support behind Iran.
Bosnian proverb of the day: A Bosnian saying advises against quick judgments based solely on visible distress. Emotions can influence perception, making careful consideration essential for understanding. First impressions do not always reveal the complete truth of a situation. Compassion and good judgment should work together when assessing others.
Quote of the day by Russell Crowe, The secret to riches is the same as the secret to comedy timing, explains how success can depend on choosing the right moment. The quote connects wealth creation, market entry, patience, preparation, opportunity and execution. It also reflects Russell Crowes character Max Skinner in A Good Year.
Starting Thursday, external affairs minister S Jaishankar embarks on a three-day journey to Ukraine and Poland amid rising fears of the Russia-Ukraine conflict. He plans to engage in bilateral dialogues with both Ukrainian and Polish officials, with a focus on the recent assaults on Indian seafarers in the Black Sea region. The visit aims to strengthen diplomatic ties and discuss ongoing developments in the region.
India is taking notable steps to establish a new SCO Development Bank, with member nations moving towards finalizing the foundational documents for this crucial financial entity. Both Russia and Kazakhstan have shown interest in hosting the headquarters. The bank aims to finance collaborative economic projects while enhancing trade partnerships, marking a significant push for financial independence from traditional systems used for manipulation.
A human-specific gene influences brain immune cell development. These cells, called microglia, mature much slower than in mice. This extended maturation period may help build complex neural connections. The gene SRGAP2 appears to synchronize this process with neuron development. This finding offers new insights into human brain evolution and disorders.
India's Prime Minister Narendra Modi urged Russia to end the Ukraine war. This call for peace aligns with India's long-standing stance on avoiding conflict. Russia faces severe economic and military consequences from the ongoing protracted war. Ending the conflict would allow Russia to rebuild its strength and economy. Peace in Ukraine also benefits global supply chains and international stability.
Quote of the day by James Joyce: James Joyce believed actions reveal true thoughts and feelings more than words. His famous quote highlights that behavior offers a clearer understanding of individuals. Joyce, an influential Irish novelist, shaped 20th-century Modernist literature significantly.
India and Russia are ramping up their collaboration in the Arctic, with a strong focus on resource development. A meeting between President Putin and Prime Minister Modi next week will delve into this burgeoning partnership. India is set to launch its inaugural cargo ship along the Northern Sea Route next year, promising substantial reductions in travel distance and time for European trade.
A 2015 University of Florida experiment used five gallons of fluorescent dye to track water movement through a 5.1-mile section of Floridas Silver River. Researchers measured travel and residence times and compared the findings with earlier tracer data to study changing flow conditions. The work also helped investigate links between river hydraulics, nutrient movement and increasing algal growth.
State governments show strong backing for Computer Based Testing in entrance exams, emphasizing the need for reliable, government-supported testing facilities along with high quality standards. Discussions also revolved around a sustainable funding model for establishing these centers. Led by Nandan Nilekani, the task force is advocating for complete digitization of the process, with recommendations anticipated before October to prepare for the 2027 exam cycle.
The Sports Ministry has greenlit a massive Indian delegation for the Asian Games, comprising 768 members, including 503 athletes and 246 officials. The athletics team is the largest contingent at 79 members plus 31 support personnel. India is poised to showcase its talents in 36 sports, with the opening ceremony set for September 19 in Japan.
The familiar # symbol is something most people now associate with social media, trending topics and Instagram posts, but its story is far older than the internet. The mark has passed through several different uses and names over the centuries, picking up new meanings as technology and communication changed. Its long journey includes an unexpected connection to the ancient world and some familiar names from the history of writing and technology.
Naples Bay is taking an innovative step by restoring its oyster reefs, which will enhance natural shoreline defenses. These vital reefs play a crucial role in cleaning the water and providing habitats for a variety of wildlife. Oysters are known for filtering large volumes of water, thus improving overall clarity and acting as natural wave barriers.
In a recent address, RBI Deputy Governor Swaminathan J urged urban cooperative banks to strengthen their governance frameworks and adopt technological advancements. He pointed out the critical need for better collaboration between the RBI and cooperative authorities. Deputy Governor Shirish Chandra Murmu reinforced the importance of having professional boards and solid internal controls. Additionally, Shiv Pal Singh emphasized the need for swift handling of liquidation processes within banks.
Four hydroelectric dams on the Klamath River were removed in 2024. This project opened over 400 miles of historic salmon habitat. Indigenous communities and ecosystems will benefit from this significant ecological recovery. Scientists are now monitoring the river's health and salmon populations. The dam removal marks a new chapter for the Klamath River's future.
SML Mahindra targets 10-12 per cent commercial vehicle market share by FY31. The company also aims to achieve over 20 per cent market share by FY36. At least ten percent of their total bus portfolio will become electric within two years. This follows the recent acquisition and renaming of SML Isuzu Ltd. The commercial vehicle segment expects high single-digit growth this financial year.
The Rudan Brothers set out to repair a Canadian couples damaged roof for free but decided to transform their entire home after learning the wife was battling two forms of cancer and preparing to begin chemotherapy. With help from neighbours, friends and the local community, the brothers completed a remarkable home makeover.
India and Canada held Foreign Office Consultations reaffirming their commitment to a trade agreement. Both nations aim to expand bilateral trade to seventy billion Canadian dollars by 2030. Discussions reflected accelerated high-level exchanges and expanding cooperation across multiple sectors. Bilateral ties remain anchored in shared democratic principles and respect for the rule of law. India also expressed readiness to initiate negotiations on a Bilateral Investment Treaty with Canada.
In 1960, Johnny Burnette's charming hit 'You're Sixteen' climbed to number eight on the music charts. Tragically, Burnette's life ended in a boating accident just four years later. However, his song found new life when Ringo Starr reimagined it for his solo project in 1973, leading it to hit number one in America the following year, ensuring Burnette's legacy endured despite his untimely death.
It is quite difficult for people who are vegetarians to have access to a protein-rich diet. Taking to Instagram, Bhagyashree, the heroine of salman Khans blockbuster Maine Pyaar Kiya, shared a recipe that is yummy and doesnt compromise on either nutritional value or taste. The dish called protein ka paratha is made of wheat and sattu, often hailed as Indias natural protein powder.
Quote of the Day by Winona Ryder: Winona Ryders words, Ive been embracing aging. I always have, since I was a kid. When youre the kid on the set for so long, you just, like, daydream about being older, offer a different perspective on getting older. Rather than viewing age as something to hide or fear, Ryder describes it as a natural part of life that she has looked forward to since beginning her career as a young actress.
Russia and India have built a functioning payments infrastructure using roubles and rupees. This system now accounts for ninety-six percent of their bilateral trade transactions. Bilateral trade reached seventy billion dollars in 2024, tripling since 2022. Russian businesses previously faced challenges with rupee overhang and trade imbalances. Both nations' banks are actively servicing this growing economic partnership.
Public sector insurers must focus on profitable business lines and lower incurred claim ratios. Greater technology use and digitalisation are encouraged for operational efficiency. Improved customer outreach and social media engagement will enhance product awareness. Companies should increase insurance penetration and reduce protection gaps. Performance monitoring will be strengthened through a standardised KPI framework.
In a strategic move, India is ramping up its partnerships on critical minerals with countries including the UK and the EU. Trade agreements are under negotiation to secure vital mineral resources. The nation is also enhancing its relationship with the US via initiatives centered on critical minerals. Additionally, the government is working to simplify regulations for high-tech manufacturing, which is expected to reinforce supply chains and elevate domestic production capabilities.
Karnataka plans to expand Bengaluru's economy to $400 billion by 2037. The master plan aims to create millions of new jobs and boost key sectors. It seeks to drive private investment and finance urban transformation through land value capture. The region will be developed as a global hub for technology and advanced manufacturing. Public transport expansion and water security are also key components of this ambitious plan.
The Civil Aviation Ministry is exploring ways to simplify construction approvals near airports. Urban local bodies may soon issue no-objection certificates for building projects. Applicants will receive permissible building heights early in the planning process. This aims to make the approval system hassle-free and transparent for all. Aviation safety requirements will continue to be strictly maintained.
Many Himachal Pradesh schools operate without teachers, and thousands have only one. Remote areas face significant staffing challenges, impacting education delivery. The state government is working to fill vacant teaching positions through rationalization. Despite recent recruitment efforts, numerous schools remain understaffed. A new policy is being formulated for single-teacher school appointments.
Manipur Assembly reaffirmed its demand for an updated National Register of Citizens. The Union government deferred census operations in Manipur due to protests. The Manipur High Court also put a hold on census-related exercises. Home Minister Govindas Konthoujam urged leaders to restore peace and trust. The state government remains determined to protect Manipur's integrity.
Wildfires in England and Wales have hit a record level, fire chiefs said, warning that rescue services were battling to keep up with rising risks a day after fires raced from tinder-dry fields to engulf houses on the hottest day of the year.
India will soon surpass Germany to become the world's third-largest wind energy producer. The nation is projected to achieve 107 GW capacity by the year 2030. This energy transition involves building a complete industrial ecosystem and creating skilled jobs. India's domestic turbine-making capacity has significantly grown to 24 GW annually. Wind equipment exports crossed Rs 12,000 crore in FY2025-26, showing strong growth.
Agricultural best management practices improved water quality in the Brushy Fork subwatershed. Nutrient and phosphorus inputs were reduced, benefiting aquatic habitats significantly. Stream segments are now proposed for delisting due to these conservation efforts. Local engagement and sustained implementation drove the project's overall success. These actions demonstrate effective watershed restoration and community stewardship.
A major Australian study of 1,691 patients with advanced bowel cancer has found that younger adults whose cancer had spread to the liver showed important differences in tumor characteristics, genetic mutations and survival compared with patients diagnosed after age 50. The findings suggest that bowel cancer in younger adults may have distinct biological features
Nepals Prime Minister Balendra Shah has thanked India and China for their assistance after flash floods killed 1,127 people and left nearly 4,900 missing. As rescue operations continue, Nepal is also seeking international accountability over climate-related losses. Foreign Minister Shisir Khanal called for justice and compensation, while Finance Minister Swarnim Wagle estimated reconstruction could cost $4 billion to $5 billion.
The US Mint is releasing special USD 1 coins to commemorate America's 250th birthday. These coins feature President Donald Trump's likeness on one side and the Great Seal on the other. Federal law generally prohibits living presidents on currency, but exceptions exist for special issues. The coins, available for purchase, celebrate American heritage from 1776 to 2026.
White abalone faced extinction due to overfishing and sparse populations. Scientists initiated a captive-breeding program, producing millions of eggs and larvae. Hundreds of juvenile abalone were released into the wild in 2019. A live wild white abalone was recently spotted after five years. This effort offers a chance for the species to reproduce again.
Quote of the Day by Jane Fonda: Jane Fondas quote, The secret of losing weight is patience, explores the importance of patience, consistency, realistic expectations, and a balanced approach to health and fitness. The quote suggests that meaningful physical changes take time and that sustainable progress comes from developing healthy habits rather than expecting immediate results. It encourages people to remain committed to their goals while treating themselves with patience and self-respect.

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