The Economic Times

Leader of Opposition Pinarayi Vijayan accused the UDF government of hastily passing the Finance Bill to benefit liquor companies through tax cuts, disregarding assembly rules. He alleged Chief Minister VD Satheesan was determined to grant these tax benefits, which he believes will lead to increased liquor availability. The Assembly approved the bill, enacting tax proposals from the recent state budget.

A cafe allegedly built on encroached land belonging to the son of TMC leader Saokat Molla was demolished in West Bengal's South 24 Parganas. Authorities acted after the family failed to remove the illegal structure, Aranayer Kule, on Matla river sandbanks despite repeated notices. The district administration followed government norms after a hearing, leading to the demolition.

A new report warns that extending GST to subscription-based ride-hailing platforms like Rapido could significantly impact drivers and passengers. The study suggests this move might lower driver earnings, discourage participation, and reduce passenger demand. Drivers prefer predictable costs and greater control, while passengers are price-sensitive. The report advocates for a clearer GST framework to avoid regulatory uncertainty and maintain fair competition.

BJP leader Boora Narsaiah Goud asserted that the Trinamool Congress's internal turmoil was predictable, citing alleged suppression under Mamata Banerjee's leadership. He claimed a significant number of MLAs and MPs have broken away, forming a 'real TMC' due to a lack of freedom. This internal crisis intensified after a large faction of MLAs defected following election losses, leading to a dispute over party control and identity.

Pune police have taken Siya Goyal to Lohagad Fort, where she rehearsed pushing her fianc, realtor Ketan Agarwal, off a cliff. Goyal and her alleged lover, Chetan Chaudhary, are accused of the murder, which occurred on June 18. Investigators recovered clothes Goyal reportedly wore that day. The couple allegedly eliminated Agarwal due to his perceived obstruction of their relationship. Both accused are in police custody.

New social security schemes under the Code on Social Security are now in effect, prioritizing digital compliance and faster claim settlements for provident fund, pension, and insurance. EPFO officials face a 12% annual penal interest for delays exceeding 20 days without valid reasons. Contribution structures remain unchanged, with a focus on enhancing online access for members and extending digital requirements to exempted establishments.

Entrepreneur Ankur Warikoo sparked a debate by highlighting a 26-year-old's financial dilemma: a low-return fixed deposit advised by his father versus high-risk futures and options trading influenced by friends. This situation underscores a generational clash in defining financial independence, leaving many young investors caught between traditional advice and speculative trends without proper understanding.

The Supreme Court has declined to intervene in the Manipur High Court's decision to extend panchayat election deadlines to October 16. Appearing for the state, Solicitor General Tushar Mehta emphasized the government's obligation to comply with the high court's directives. The apex court found no grounds to challenge the high court's order, which acknowledged the state's challenging law and order situation.

Neet Result 2026 Date: Students awaiting re-NEET UG 2026 results can expect them by July 20, according to the NTA. The agency is prioritizing the evaluation of thousands of objections to the provisional answer key. Despite the exam's re-conduct, medical admissions and the MBBS academic session are expected to proceed on schedule, with counselling details to follow soon.

The Congress has slammed the government over alleged errors in UGC-NET Sociology and English question papers, calling for Education Minister Dharmendra Pradhan's resignation. Concerns were raised about spelling and translation mistakes in Sociology and questions being lifted directly from past papers in English. The opposition highlighted the National Testing Agency's (NTA) poor track record in conducting examinations.

UNESCO has warned Pakistan to reverse econstruction work at Taxila's historical sites, Mohra Moradu and Sirkap, or risk being placed on the UN agency's danger list. Concerns were raised about interventions undermining the sites' integrity, with new masonry replacing ancient walls and heights being altered. Pakistan's archaeology department insists the work is conservation, not reconstruction, aimed at stabilization and preservation.

Commerce Minister Piyush Goyal emphasized Japan's crucial role in India's Act East Policy, highlighting joint efforts for a free and open Indo-Pacific alongside the US. India is actively addressing trade regulations with Japan to boost exports during Prime Minister Sanae Takaichi's visit, which focuses on enhancing trade, investment, and strategic ties. This collaboration builds on Japan's prior commitment to invest billions in India.

Prime Minister Narendra Modi and his Japanese counterpart will inaugurate Maruti Suzuki's expansive new manufacturing facility in Kharkhoda, Haryana today. This state-of-the-art plant, a significant step in the 'Make in India' initiative, boasts advanced technology, a focus on sustainability with 100% renewable energy and water recycling, and aims to boost annual production significantly, creating thousands of jobs.

US President Donald Trump has shared an AI-generated video on Truth Social, depicting himself as a doctor offering a 'treatment plan' for TDS. The clip features fictional patients crediting his advice for their recovery. The video concludes with Trump recommending avoiding 'fake news,' praying, and enjoying a Diet Coke for a remarkable life improvement.

Visakhapatnam is emerging as India's next AI infrastructure hub, attracting massive investments from tech giants like Google and Reliance. The city's strategic coastal location, coupled with potential for clean energy and robust industrial capabilities, makes it ideal for data centers and subsea cables, according to experts. This development, analysts say, promises to boost India's digital resilience and AI capabilities, positioning the nation for significant growth in the global tech landscape.

Mehbooba Mufti, president of the Peoples Democratic Party, is set to visit Iran to pay her respects at the funeral of Supreme Leader Ayatollah Ali Khamenei, following an invitation from his office. This invitation underscores the long-standing and strategic relationship between Iran and India. Mufti regards this as a significant honor and views it as a unique opportunity to participate in the solemn state funeral ceremonies in Tehran.

Congress leader Jairam Ramesh has criticized Prime Minister Modi's Great Nicobar Island Project, labeling it an environmental disaster. He highlighted extensive public engagement and legal challenges against the project, citing violations of environmental laws and the Forest Rights Act. Ramesh asserted that the nation's ecological conscience is on trial as the project proceeds, with multiple petitions pending in the Calcutta High Court.

Apple is gearing up for its September launch, with reports suggesting the debut of the highly anticipated iPhone Ultra, its first foldable device. Alongside the iPhone 18 Pro and Pro Max, the Ultra is expected to command a premium price, potentially exceeding Rs 2 lakh in India. Details also hint at a powerful A20 chip and advanced camera features for these new models.

Iran is struggling to sell its growing oil stockpile at sea as a US deadline looms, potentially costing Tehran vital revenue and weakening its negotiating position. Weak demand from China, its primary buyer, and lingering sanctions concerns are major hurdles. While some oil has been discharged in China, India remains cautious, awaiting payment clarity and a full sanctions lift. Attractive pricing could still revive Asian interest.

India has strongly urged the global community to unite against terrorism, emphasizing that a terrorist is a terrorist and no grievance can justify such acts. Speaking at the UN, Ambassador Harish Parvathaneni called for an end to double standards and accountability for those involved in terror.

Jammu and Kashmir Lieutenant Governor Manoj Sinha flagged off the inaugural batch of over 4800 pilgrims for the Shri Amarnath Ji Yatra from Jammu. The 57-day pilgrimage, commencing July 3rd from Pahalgam and Baltal routes, will conclude on August 28th. Extensive arrangements have been made for devotees undertaking this sacred journey to witness the naturally formed ice Shivling.

The U.S. nuclear regulator is proposing to replace the 'As Low As Reasonably Achievable' (ALARA) radiation protection standard with objective dose limits. Proponents claim this will bring clarity and speed up new reactor development, while critics argue it could allow higher radiation exposure for workers and the public to cut industry costs, potentially increasing cancer risks.

Iran has sharply criticized a US-led security summit in Bahrain, asserting that the Strait of Hormuz falls under Tehran's command, not American authority. Deputy Foreign Minister Kazem Gharibabadi dismissed the summit's legitimacy, stating that regional security must be managed by neighboring states without foreign military intervention. The meeting, attended by military leaders from twelve nations, aimed to ensure the free flow of commerce through the vital waterway.

Parliament's Standing Committee on Finance is set to scrutinize the regulatory future of Virtual Digital Assets (VDAs) on July 2nd. The committee will hear from the Reserve Bank of India regarding financial stability and money laundering concerns, followed by discussions with the Institute of Chartered Accountants of India on taxation and accounting. This crucial meeting aims to gather expert insights to shape India's approach to the burgeoning crypto ecosystem.

Chennai girl studies on the footpath beside her mother's flower stall in Tambaram. The young girl's unwavering focus on her studies beside her mother's flower stall has ignited national conversation. The viral video has sparked conversation nationwide about parenting, hard work, grit and determination amid tough times.

Tamil Nadu Chief Minister C Joseph Vijay has voiced strong opposition to the Centre's Viksit Bharat Guarantee scheme, citing a potential Rs 5,000 crore financial strain and operational hurdles. He urged the Prime Minister to reconsider the fund-sharing pattern and allow states more flexibility in allocating resources, arguing the current centralized approach neglects regional diversity and unpredictable agricultural needs.

India has reaffirmed its commitment to Venezuela through Operation Amistad, offering support following devastating twin earthquakes. While rescue efforts continue amidst a grim casualty count, with thousands feared dead and a critical shortage of resources like gasoline hindering operations, Indian medical teams are actively engaged in relief work. The nation stands in solidarity during this challenging period.

FIFA 2026: Mexico ended a 40-year wait for a World Cup knockout win, beating Ecuador 2-0. England narrowly escaped an upset, with Harry Kane's brace securing a 2-1 victory over DR Congo. Belgium staged a dramatic comeback, overcoming a two-goal deficit to defeat Senegal 3-2 after extra time. The United States comfortably advanced, defeating Bosnia and Herzegovina 2-0.

A coalition of 117 prominent citizens from India and Pakistan has penned an open letter to their respective Prime Ministers, urging an immediate restoration of peace, normalcy, and bilateral communication. The group, comprising social activists and intellectuals, aims to break the diplomatic deadlock by fostering dialogue and resuming trade.

Karnataka Police have filed a case against five daycare workers at Capgemini's on-campus creche in Bengaluru. Allegations of physical assault, intimidation, and cruelty against employees' children have surfaced. The IT giant has stated its commitment to employee well-being and is fully cooperating with authorities. As a precautionary step, the daycare facility has been temporarily shut down.

A seemingly harmless habit of forcefully cracking one's neck has been linked to a rare but life-threatening stroke in a healthy 34-year-old man. Dr. Priyam Bordoloi highlighted how repeated neck manipulation can cause cervical artery dissection, leading to blood clots and stroke. Recognizing F.A.S.T. warning signs and seeking immediate medical attention within the 'golden window' is crucial for survival and recovery.

FIFA World Cup match: Belgium staged a stunning comeback against Senegal, winning 3-2 after extra time thanks to Youri Tielemans' record-breaking 124th-minute penalty. This marked the latest goal ever in World Cup history. Belgium also overcame their latest two-goal deficit in regulation, with Romelu Lukaku and Tielemans scoring late to force extra time. Senegal's Ismaila Sarr had a brace, but their historic campaign ended in heartbreak.

A tragic case in Ontario highlights the deadly risks of bat encounters. An 11-year-old boy died of rabies after a bat landed on his face, despite no visible bite. His initial symptoms were misdiagnosed, delaying crucial treatment. This incident, the first local human rabies case in Ontario since 1967, underscores the critical need for immediate medical attention.

Folarin Balogun netted his third World Cup goal before a red card, but Malik Tillman's late free-kick secured a 2-0 victory for the 10-man United States against Bosnia-Herzegovina. This win propels the Americans into the round of 16, where they will face Belgium in Seattle. The U.S. squad is aiming for a significant run in the expanded tournament on home soil.

Mumbai, Thane, and Palghar are under a red alert with heavy to very heavy rainfall expected. Severe waterlogging has impacted normal life in Mumbai, leading to school closures in Palghar. Despite the adverse weather, Mumbai's local trains are running as usual on all major suburban routes. Flight operations remain unaffected, though passengers should verify with airlines.

Donald Trump's financial disclosures reveal a staggering $1.2 billion from crypto holdings, eclipsing his real estate empire. This rapid crypto surge, fueled by his policies and influential backers, raises questions about profiting from office. Tens of millions also poured in from foreign property deals and lawsuits against media firms, alongside millions from branded merchandise like Bibles and watches.

Mumbai rain: The financial capital experienced heavy downpours, prompting an orange alert from the IMD. Significant waterlogging was reported across various areas as the city recorded substantial rainfall, with eastern suburbs bearing the brunt. The weather department anticipates continued heavy to very heavy showers, with isolated extremely heavy rainfall expected.

India's inflation target is unlikely to be raised, with Reserve Bank of India Governor Sanjay Malhotra suggesting a potential long-term reduction. He highlighted the success of the current inflation-targeting framework in lowering average inflation. Despite expectations of a rise, inflation remains below the central bank's 4% target, and the economy is projected for continued robust growth.

A U.S. Navy MH-60S Seahawk helicopter experienced an emergency landing in the Arabian Sea, leaving one service member missing and three injured. The aircraft was deployed from the USS George H.W. Bush. Authorities are conducting a search for the missing crew member, and the incident is under investigation. There is no indication of hostile action contributing to the crash.

Greek proverb of the day: A Greek saying highlights that true wealth lies not in gold, but in good judgment and learning. The proverb emphasizes that thoughtful decision-making, experience, and continuous personal growth offer more lasting benefits and security than material possessions alone, guiding individuals through life's challenges and opportunities.

Kyiv faced a brutal overnight assault with drones and missiles, striking residential buildings and igniting a hotel on a prominent boulevard. Five individuals sustained injuries in one central district following a ballistic missile attack. Residents sought refuge underground as explosions rocked the capital. President Zelenskyy had anticipated the strike, cutting short his visit to Dublin.

Indirect talks between Iran and the US concluded without significant progress on lasting peace, focusing instead on resolved issues like maritime traffic in the Strait of Hormuz and unfreezing funds. While President Trump expressed optimism about nuclear program discussions, sources indicated this topic wasn't addressed. The next meeting is scheduled post-funeral for Iran's Supreme Leader.