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The Latest Breaking News from The Economic Times

UPI to remain free for consumers, says Payments Council of India

The Payments Council of India clarified UPI transactions will remain free for consumers. Small merchants, including kirana stores, will also not face charges for digital payments. This assurance addresses concerns about potential merchant fees within the digital payments ecosystem. Banks and payment providers have invested heavily in maintaining the UPI…

The Economic Times

Oil slips, heads for weekly loss as Hormuz deal uncertainty persists

Oil prices declined as investors weighed prospects of reopening the Strait of Hormuz against persistent geopolitical risks. Markets also awaited US payrolls data, while uncertainty over Iran-related negotiations, shipping arrangements and regional security kept crude prices volatile despite easing supply concerns.

The Economic Times

Looms of Ladakh rejects irregularity charges, says Pashmina cooperative acted within law

Looms of Ladakh Women Cooperative Ltd denies registration and functioning irregularities. The cooperative asserts its decade-long work followed all legal requirements and oversight. Administration concerns were raised with the Union Ministry of Home Affairs regarding governance. Prime Minister Modi and the UN have recognized the cooperative's efforts. The cooperative has…

The Economic Times

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Financial sector can't afford to ignore AI risks, CEA V Anantha Nageswaran warns

Chief Economic Adviser V Anantha Nageswaran urged financial institutions to prioritize AI security. He warned against waiting for AI threats to materialize before strengthening defenses. Recent AI agent breaches highlight the urgent need for robust security frameworks. Institutions must secure existing assets before leveraging AI at scale. Wider adoption of…

The Economic Times

Texas parents are ditching the tax-free weekend—here's why

Texas parents are shopping early for school supplies, bypassing the tax-free weekend. Houston families anticipate spending significantly more than the national average this year. The state's tax holiday offers savings on clothing and traditional school items. However, technology costs are rising and excluded from the current tax exemption. Lawmakers are…

The Economic Times

UN experts raise alarm over China's extradition bid for exiled journalist in Thailand

UN experts express concern over Bai Zhaodong's detention in Thailand. They warn his extradition to China risks persecution and torture violations. Thai authorities are urged to uphold non-refoulement principles for asylum seekers. New Thai deportation regulations may increase risks for refugees and defenders. Robust human rights safeguards are essential for…

The Economic Times

India not in favour of separate BRICS currency: Piyush Goyal

BRICS group comprises 11 major emerging markets and developing countries of the world -- Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, Russia, Saudi Arabia, South Africa, and United Arab Emirates (UAE).

The Economic Times

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Onion, chicken prices make home-cooked meals costlier in July: Report

Vegetarian thali costs rose four percent year-on-year in July. Non-vegetarian thali prices increased nine percent due to higher chicken costs. Onion and vegetable oil prices also contributed significantly to these increases. Potato and tomato prices fell, partially offsetting the overall rise. Month-on-month, vegetarian thali costs saw a two percent jump.

The Economic Times

Delhi rain floods streets, disrupts traffic; locals use makeshift raft to ferry school children

Heavy rainfall lashed New Delhi, resulting in extensive waterlogging and major traffic disruptions throughout the city. Low-lying areas, particularly in Valmiki Basti, were submerged, forcing residents to use makeshift rafts for transportation. The Municipal Corporation of Delhi faced a barrage of complaints about fallen trees and water accumulation, while the…

The Economic Times

How the Iran-backed Houthis' claims of deadly attacks are stoking fears of a wider regional conflict

Yemen's Houthi rebels claimed responsibility for deadly attacks this week. These actions escalated the conflict and raised regional concerns about wider escalation. The attacks targeted civilians and troops, and also impacted Red Sea shipping. Shipping data shows fewer tankers passing through the Bab el-Mandeb Strait recently. This disruption affects global…

The Economic Times

Why Harris County constables will soon earn more than the US vice president

Harris County constables are set to receive a salary hike that will place their earnings above those of the Vice President. The commissioners sanctioned this pay rise, which is a response to a federal wage freeze impacting other positions. Now, these eight elected constables enjoy their fourth pay surge in…

The Economic Times

In 1989, scientists demonstrated that carefully timed bright light can reset the body's biological clock. Years later, it produced breakthroughs in treating jet lag, insomnia, shift-work disorder and disrupted sleep

In 1989, scientists proved bright light therapy resets your biological clock. It changed sleep medicine overnight. Timed light exposure shuts down melatonin and resets your circadian rhythm fast. Whether you suffer from insomnia, jet lag, or shift-work sleep disorder, timing is everything. The secret isn't more sleep. It is getting…

The Economic Times

West Bengal plans Kolkata ring road, EM Bypass-New Town flyover to ease congestion

The West Bengal government plans a ring road and a new flyover for Kolkata. These infrastructure projects aim to ease traffic congestion and boost business growth. The state is also upgrading urban services like drainage and water supply systems. Renewable energy use will expand significantly by 2030. New mortuary facilities…

The Economic Times

Exciting new tablets are landing on Flipkart this Independence Day

Flipkart's much-anticipated Freedom Sale kicks off on August 7th, showcasing an exciting lineup of four new tablets. Among these, the Asus Pad stands out with its vibrant OLED display, enhancing your viewing pleasure. The HP OmniPad 12 offers versatility, easily shifting between tablet and desktop functions. Huawei returns with a…

The Economic Times

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India stresses security of seafarers as "high priority" after Indian vessel sinks off Yemen; calls for safe, unimpeded passage

India's External Affairs Ministry stressed seafarer safety following a Red Sea vessel sinking. All thirteen Indian nationals aboard were successfully rescued by Yemeni authorities. The government is coordinating with shipping ministries and regional maritime authorities. India continues to advocate for safe and unimpeded global commerce navigation. This incident highlights ongoing…

The Economic Times

India, Russia discuss Vande Bharat, SJ-100 aircraft, UAVs to deepen industrial ties

India and Russia reviewed industrial cooperation and explored new collaborations. Discussions focused on railway infrastructure and the Vande Bharat train project. Both nations also discussed opportunities in aircraft production and unmanned aerial systems. Cooperation in critical minerals and lithium mining was a key agenda item. The meeting concluded with a…

The Economic Times

Bangladesh says star cricketer Shakib will not play again after Hasina event

Bangladesh's sports minister stated cricketer Shakib Al Hasan cannot play again. This decision follows his participation in an event with fugitive ex-prime minister Sheikh Hasina. Hasina was ousted two years ago after a crackdown on protests. Shakib, a former lawmaker, now faces government disapproval for his actions. The government had…

The Economic Times

Swiggy agrees to refund unauthorised campaign fees; Bengaluru hotels to wait till September 1

The discussions, led by Swiggy CEO (food marketplace, dineout & crew) Rohit Kapoor, chief business officer (food marketplace) Sidharth Bhakoo and CEO (dineout & scenes) Swapnil Bajpai, came a day after rival Zomato held talks with restaurateurs and agreed to address a range of operational concerns.

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news in one place.

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The Economic Times

Over 5 lakh UK visas issued to Indians as Britain completes eVisa rollout

India remains a key UK travel market, with over 500,000 visas granted to its citizens. The United Kingdom has fully transitioned to a digital visa system for all applicants. Successful applicants will receive an electronic visa instead of a physical sticker. This digital system aims to simplify travel and immigration…

The Economic Times

CAG flags Rs 42 crore power subsidy to dormant consumers in Delhi, questions targeting of scheme

CAG flagged Delhi government's power subsidy scheme irregularities and questioned beneficiary targeting. Over Rs 42 crore was disbursed to dormant electricity connections with no consumption. The audit covered four financial years from 2019-20 to 2022-23. Subsidy expenditure rose significantly during this period, benefiting many consumers. The report recommended a transparent…

The Economic Times

India must build export-oriented medical devices industry, says pharma secretary

To bolster India's medical device industry, a strategic pivot toward international markets and enhanced global presence is essential. Fostering local component production and value addition is a vital pathway to not only create jobs but also to improve supply chain durability. This transition signifies a shift from reliance on imports…

The Economic Times

Bristol International Balloon Fiesta 2026: Dates, timings, Nightglow, parking and everything visitors need to know

The Bristol International Balloon Fiesta is set to soar into its forty-eighth year in August 2026. With over a hundred breathtaking hot air balloons rising from Ashton Court Estate, this event showcases dazzling mass ascents and enchanting Nightglow displays. Attendees can look forward to an array of live performances and…

The Economic Times

Praggnanandhaa wins St. Louis Rapid and Blitz

Indian Grandmaster R Praggnanandhaa secured his first Saint Louis Rapid & Blitz championship title. He finished the tournament with 23.5 points, ahead of Javokhir Sindarov. Praggnanandhaa did not lose any games on the final day of the event. This victory propelled him to second place in the Grand Chess Tour…

The Economic Times

Another government exam cheating racket busted, Chandigarh fireman alleged kingpin among 7 arrested

Delhi Police arrested seven individuals in a major interstate examination cheating network. A Chandigarh fireman allegedly led this syndicate, charging candidates up to twelve lakh rupees. The network provided concealed electronic devices for receiving answers during government recruitment exams. This racket was uncovered after a complaint regarding unfair means at…

The Economic Times

Esports Awards 2026: IShowSpeed eyes historic third Streamer of the Year title as voting begins

The Esports Awards 2026 Streamer of the Year competition features twelve diverse creators from multiple platforms. Reigning champion IShowSpeed seeks an unprecedented third consecutive victory in this highly anticipated category. Kai Cenat's nomination has sparked online debate due to his extended streaming hiatus this year. Fans are actively voting, with…

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