Aam Aadmi Party faces a significant internal crisis as Rajya Sabha MP Raghav Chadha leads a mass exodus of seven MPs to the Bharatiya Janata Party. This move, following Chadha's removal as deputy leader, marks a severe blow to AAP's presence in Parliament and raises questions about its core principles.
The Reserve Bank of India's directive to stop charging customers for SMS alerts could cost large lenders up to Rs 300 crore in lost fee income. While banks can now make alerts for low-value transactions optional, top private banks are expected to continue them for customer experience and fraud detection.
Silvana Tenreyro will become the International Monetary Fund's new chief economist starting August 10, 2026. She brings significant policy experience and academic credentials to the role, having previously served on the Bank of England's Monetary Policy Committee.
The BJP has nominated Abhishek Kumar for the Bankipur assembly by-poll in Bihar, where he will face Jan Suraaj leader Prashant Kishor. The seat, a BJP stronghold since 1995, became vacant after Nitin Nabin resigned. The RJD has fielded Rekha Gupta.
The Indian government is monitoring 262 districts for rainfall deficiency and El Nino impacts, adding 15 more vulnerable districts. Sowing is slow due to uneven rain, but forecasts for Gujarat, Haryana, Punjab, and Rajasthan may accelerate planting. Contingency plans are in place.
England secured a dominant 125-run victory over India in the third T20I at Trent Bridge, taking a 2-0 series lead. India was bowled out for 76 while chasing 202, marking their biggest T20I defeat by runs.
The US Treasury Department has revoked a 60-day sanctions waiver that permitted the sale of Iranian oil. This decision follows recent attacks on tankers in the Strait of Hormuz.
