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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.
U.S. President Donald Trump did not confirm whether the additional 25% tariffs he had an-nounced on Wednesday, on Indian exports to the U.S., for New Delhi's trade in arms and energy with Moscow, would be can-celled if Russia and Uk-raine agreed to a ceasefire.
2.
The Supreme Court on Wednesday held that an in-house inquiry procedure that led to a recom-mendation to remove Justice Yashwant Varma, an Allahabad High Court judge on whose residential premises sacks of burnt currency was found after a fire, has legal sanction and is a "stitch in time" to keep the judiciary pure and clean.
3.
The Punjab and Haryana High Court on Thursday granted an interim stay on the operation of the Punjab government's Land Pooling Policy, 2025 and directed the State to file a reply within four weeks.
4.
The Bombay High Court on Thursday clarified that it has not passed any order directing the closure of kabutarkhanas (spots to feed pigeons) in Mumbai, but "human health is of pa-ramount importance".
5.
In light of the existential threat posed by climate change, the International Court of Justice (ICJ), also known as the World Court, delivered a landmark advisory opinion on the obligations of states concerning climate change. Advisory opinions, while not technically binding, are regarded as authoritative interpretations of international law by the World Court. They can influence the behaviour of states by generating international pressure. A notable example is the United Kingdom's handover of the Chagos Islands to Mauritius, which followed the advisory opinion on the matter.
6.
A few weeks back, India's Finance Ministry declared the Indian economy to be in a "Goldilocks situation" a rare alignment of moderate growth, subdued inflation and supportive monetary conditions. Analysts too, taking a narrow, quarterly view of the Indian economy conceded, marking this as a "mini-Goldilocks moment" for its macroeconomic position, spurred by 7.6% GDP growth, peaking interest rates and stable corporate earnings. A few other macroeconomic observers pointed out that India exiting FY2024 as a $3.6 trillion economy with an underlying growth of over 7.6% projects a buoyant macroeconomic backdrop for 2025.
Yet beneath the veneer and hyper-optimistic outlook lies a more complex reality for India's macroeconomic position. More astute observers of the Indian economy with historical data, question this so-called golden equilibrium which disguises underlying structural imbalances.
7.
The Election Commission on Thursday issued the notification for the Vice-Presidential election to be held on September 9, kick-starting the nomination process.
While August 21 is the last date for filing nominations, the papers will be scrutinised on August 22. The last date for withdrawal of nomination is August 25, the notification said.
8.
The Lok Sabha on Thursday passed the Manipur Appropriation Bill, 2025, amid Opposition protests. The Bill, presented by Union Finance Minister Nirmala Sitharaman, authoris-es the State to spend ₹30,969 crore on its expenditure requirements during the current financial year.
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