Government Policies National

Government Withdraws Income Tax Bill, Planning Fresh Version

By BPN News Desk August 8, 2025

The Indian government has formally withdrawn the Income Tax Bill, 2025, which was introduced in the Lok Sabha on February 13. The decision follows a detailed review and feedback from a parliamentary select committee that identified several provisions needing revision. Why Was the Bill Pulled Back? Key areas flagged for changes include provisions related to […]

Defence National

India Denies Halting U.S. Arms Talks

By BPN News Desk August 8, 2025

India’s Ministry of Defence has strongly rejected a recent claim that defense talks with the United States were paused. The ministry called the report “false and fabricated,” and confirmed that discussions on arms procurement are continuing as normal. Background of the Report Earlier reports suggested that India had paused negotiations for several key U.S. defense […]

Infrastructure National

Gadkari Challenges Claims That E20 Fuel Lowers Mileage

By BPN News Desk August 8, 2025

India’s Road Transport Minister, Nitin Gadkari, has strongly refuted claims that E20 petrol—fuel containing 20% ethanol—reduces vehicle mileage. He called such reports baseless and suggested they might be promoted by industry groups seeking to protect their interests. Minister Issues Open Challenge Addressing the issue at a business summit, Gadkari offered, “You show me

International

UK Urges Israel to Reconsider Plan for Gaza City Control

By BPN News Desk August 8, 2025

The United Kingdom’s Prime Minister has urged Israel to reconsider its plan to take military control of Gaza City. This appeal comes after Israel’s Cabinet approved a proposal to establish a security presence in the city, citing the need to dismantle militant control and ensure civilian safety. What the UK Leader Said In a public […]

International

Rubio Says U.S. Helped Ease India-Pakistan Tensions

By BPN News Desk August 8, 2025

U.S. Secretary of State Marco Rubio has stated that the United States was directly involved in helping India and Pakistan reach a recent ceasefire. He described President Donald Trump as a “president of peace,” noting Washington’s active role in de-escalation efforts. What India Says India has rejected the claim of U.S. mediation, emphasizing that the […]

International

U.S. Affirms India Remains a Strategic Partner

By BPN News Desk August 8, 2025

The United States has reaffirmed that India remains a vital strategic partner, even amid rising tensions over trade. The U.S. State Department emphasized its commitment to maintaining “full and frank dialogue” with India, focusing on resolving disagreements constructively. Trade Tensions Spark Dialogue Recent U.S. tariffs on Indian goods—linked to India’s continued

Economy National

Moody’s Says Strong Domestic Demand to Cushion Tariff Impact

By BPN News Desk August 8, 2025

Global ratings agency Moody’s has said that India’s resilient domestic demand will help soften the economic impact of recently imposed U.S. tariffs. In its latest assessment, Moody’s noted that while the new trade penalties could slow growth slightly, the overall outlook for the Indian economy remains steady. Limited Growth Slowdown Moody’s projects that India’s real […]

International

Netanyahu Offers to Help Modi and Trump Mend Ties

By BPN News Desk August 8, 2025

Israeli Prime Minister Benjamin Netanyahu has said he is willing to assist Prime Minister Narendra Modi and U.S. President Donald Trump in resolving ongoing tensions between India and the United States. His remarks come at a time when trade disputes and policy disagreements have strained relations between the two countries. Netanyahu’s Position Speaking to reporters, […]

National

India Pauses $3.6 B Boeing Jet Purchase Amid Price Surge

By BPN News Desk August 8, 2025

India has put on hold its plan to purchase six additional Boeing P-8I maritime patrol aircraft in a deal valued at $3.6 billion. The original agreement, cleared in 2021, was pegged at $2.42 billion. However, a combination of supply chain disruptions, inflation, and newly imposed U.S. tariffs has pushed the cost higher, prompting the Ministry […]

International

U.S. Revises Japan Tariff Calculation After Error

By BPN News Desk August 8, 2025

Japan revealed that the United States made a clerical error in calculating the “reciprocal” tariff rate. As a result, the effective rate on Japanese goods entering the U.S. will be lower than initially announced. What Went Wrong Japan’s chief trade negotiator, Ryosei Akazawa, explained that the original figure overlooked an agreed-upon tariff ceiling for Japan. […]