American B-2 bombers struck Iranian nuclear sites. This led to a ceasefire between Tehran and Tel Aviv. China and Russia did not intervene. Analysts viewed this as a failure of the anti-Western alliance. The Iran-China-Russia partnership is based on convenience. Beijing and Moscow are hesitant to risk their interests. The US may recalibrate its strategies. Iran may reassess its allies.
India is bracing for above-normal rainfall in July, with the IMD warning of potential floods in Uttarakhand and Haryana. Central and northern regions are expected to receive heavy showers, while the northeast and parts of the southern peninsula may experience below-normal rainfall. Landslides and infrastructure damage have already been reported in Himachal Pradesh, Uttarakhand, and Jammu & Kashmir, prompting authorities to issue alerts and suspend activities.
ITR filing FY 2024-25: Like every year, for AY 2025-26, taxpayers must choose between the new and old income tax regimes when filing ITR. The new regime is the default. Salaried individuals can switch annually by filing on time, while those with business income face stricter rules and must submit Form 10-IEA to opt out of the new regime.
Veteran lyricist and screenwriter Javed Akhtar has weighed in on the public anger surrounding the brutal murder cases of Raja Raghuvanshi and Saurabh Rajput, allegedly orchestrated by their wives Sonam Raghuvanshi and Muskan Rastogi, respectively. In a recent interview, Akhtar admitted he felt “mixed emotions” about the national response to these cases.
Indian Railways has announced a slight increase in passenger train fares, set to take effect on July 1, 2025. The Ministry of Railways states that this adjustment aims to enhance service sustainability and streamline fare calculations. While suburban journey fares remain unchanged, there are marginal hikes across various classes, including both non-AC and AC categories in Mail/Express trains.
You get Zohran Mamdani — socialist state assemblyman, TikTok darling, heir to Mahmood Mamdani’s intellectual insurgency, and, in the fevered imaginations of brunch-table liberals, the Barack Obama of the algorithm age.
Post Office Small Savings Schemes Interest Rate July-September 2025: The government has announced that interest rates for small savings schemes, including PPF, NSC, SCSS, and SSY, will remain unchanged for the July-September 2025 quarter, marking the sixth consecutive quarter of static rates.
India-US trade talks extend as the Indian government твердо stands firm on agricultural concessions, prioritizing the interests of its farmers. While the US seeks deals before reciprocal tariffs take effect, India is wary of one-sided agreements. Industry representatives have suggested compromise, but the government emphasizes a balanced outcome, with a limited initial deal and further tranches expected.
Gross Goods and Services Tax collections hit a record high of Rupees 22.08 lakh crore in fiscal year 2024-25. This is double Rs 11.37 lakh crore collected in fiscal year 2021.
