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News Highlights provides you with the best compilation of the Daily News Highlights taking place across the globe: National, International, Sports, Science and Technology, Banking, Economy, Agreement, Appointments, Ranks, and Report and General Studies
1.
Auto-makers expect tax cut will boost demand; airlines slam higher GST on non-economy seats; small entrepreneurs worried about higher labour costs; textile industry disappointed over the 18% duty for garments priced above ₹2,500. While the goods and services tax (GST) rate changes authorised by the GST Council on Wednesday night brought cheer to the auto, insurance, consumer appliances, pharmaceuticals, and renewable energy sectors, among others, some of that was tinged with reproach. A few sectors are outright upset with the tax changes. The stock market, too, reflected this mixed response on Thursday, initially reacting positively but ending the day nearly flat, with the Sensex up just 0.2% from the previous day.
2.
The Union Home Ministry and the Manipur government signed a Suspension of Operations (SoO) pact with the Kuki-Zo insurgent groups on Thursday with "re-negotiated terms and conditions or ground rules", the Ministry said on Thursday.
3.
For the seventh straight year, the Indian Institute of Technology (IIT), Madras claimed the top overall position in the higher education rankings announced by the National Institutional Ranking Framework (NIRF) on Thursday. It also remained the country's best engineering college for the tenth straight year.
4.
The 56th meeting of the GST Council on September 3, 2025 will be remembered as a defining milestone in India's tax history. These reforms go far beyond tax rates and structures. They represent a decisive shift towards a simpler, fairer, and growth-oriented system that is aligned with the aspirations of a Viksit Bharat 2047.
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Amid the U.S. tariff lows, the Guwahati Tea Auction Centre (GTAC) has recorded a new high. GTAC, the world's largest auction centre for CTC (crush, tear, and curl) or granular tea, and a major hub for the global tea trade, registered an "impressive growth" in sales during April-August 2025.
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