Retail Inflation slips to over 6 year low of 2.1% in June

The Consumer Price Index-based inflation was 2.82% in May and 5.08% in June 2024

#Economy

India has reportedly tested a new hypersonic missile that can travel at eight times the speed of sound and strike targets as far as 1,500 kilometres away. #Defence

https://m.economictimes.com/news/new-updates/india-testing-a-missile-that-flies-at-eight-times-the-speed-of-sound-hits-targets-1500-km-away/articleshow/122432167.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

🔸First section of 21 km undersea tunnel of the Bullet train project opens between Ghansoli and Shilphata in Maharashtra

🔸Next-Gen E10 Shinkansen Trains to Power Mumbai–Ahmedabad Bullet Train under India-Japan Partnership

🔸E10 Shinkansen to Debut Simultaneously in India and Japan

🔸Shinkansen Technology to Power Entire 508 km Bullet Train Corridor, Redefining Speed, Safety & Reliability

#Railways
https://www.pib.gov.in/PressReleseDetail.aspx?PRID=2144522

The Income Tax Department initiated a large-scale verification operation across multiple locations in the country on 14th July, targeting individuals and entities facilitating fraudulent claims of deductions and exemptions in Income Tax Returns (ITRs). This action follows a detailed analysis of the misuse of tax benefits under the Income-tax Act, 1961, often in collusion with professional intermediaries. Investigations have uncovered organized rackets operated by certain ITR preparers and intermediaries, who have been filing returns claiming fictitious deductions and exemptions. These fraudulent filings involve the abuse of beneficial provisions, with some even submitting false TDS returns to claim excessive refunds: Department of Revenue, Central Board of Direct Taxes

BREAKING ⚠️

7 years later, DGCA instructs airlines operating the mentioned aircraft types to complete the above inspection of fuel control switches by July 21, asks for reports to be submitted to regional DGCA office. #Aviation

India is setting up its first marine protection & indemnity (P&I) insurance group—India Club—to offer third-party cover for domestic ships and cargo. Aimed at reducing reliance on Western insurers amid global sanctions. #NWO

https://t.co/giOXXBQsDi

India's Forex Reserves falls by $3.04 Billion to $699.74 Billion; Gold holdings rises by $342 Million

#Economy

TTP has released Details of their offensive against Pakistani Security Forces in first half of 2025 #IndianSubcontinent

Airbus has delivered the 15th C-295 Transport Aircraft to the Indian Air Force.

IAF signed a deal with Airbus for 56 C-295 Transport Aircraft.

-> First 16 to be build in Spain
-> Last 40 Aircraft to be built in India with 75% indigenous Content, First Roll out expected in H2 of 2026

#Defense

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EAM Dr S. Jaishankar met Chinese President Xi Jinping During the sidelines of SCO FM Meet.

EAM "Apprised President Xi of the recent development of our bilateral ties"

#Geopolitics

🇮🇳👨‍💻⚡🇮🇹 Report: Italian defence firms hit by suspected Indian state-backed cyber warfare units.
The campaign, dubbed ‘Operation Tainted Love,’ involved sophisticated malware designed to evade detection while exfiltrating confidential documents #Cyberwarfare

https://t.co/X3gc1G4XZj

Bihar has 77 lakh phantom voters according to the special revision drive for upcoming elections. #Policy

General Electric has delivered 2nd GE F404 Engine to HAL for LCA Mk1A Program

#Defence

AL31FP Jet Engine will shift to Indian Superalloys of Midhani in HAL Facility

HAL will build 240 AL31FP engines in India with 63% Indigenous Content

Source

#Defence

Indians lost around ₹7,000 crore to online scams in the first five months of 2025, an estimate by Ministry of Home Affairs (MHA) has revealed.

This alarming trend reveals the scale of cyber fraud and the urgent need for enhanced cybersecurity measures to protect citizens.

Read more: https://tinyurl.com/mu7u9cft

Tesla's first India showroom in BKC, Mumbai.

India’s CPI cooled to 2.1% in June, a 6-year low, driven by steep vegetable price drops. With food deflation deepening, RBI may go for another rate cut soon—possibly in October—after already trimming repo to 5.5%. Core inflation stays firm at ~4.5%. #Economy

https://t.co/ZdFXm0npeA

Indian National Nimisha Priya's Death Sentence Postponed by Houthis in Yemen

Government of India is in constant touch with Iranian Officials & Local Houthis Official on this matter.

#Geopolitics

🇮🇳🤝🇯🇵 PM Modi likely to visit Japan in late August for Annual Bilateral India-Japan Head of State Meet. Key focus on finalizing a deal for the latest E10-Series Shinkansen tech

PM Modi might also visit China in the same tour for SCO Head of State Meet

Source

#Geopolitics #Railways