India

ITAT rules tenancy-rights swap for flats in redevelopment not taxable under Section 56

A Mumbai resident who held tenancy rights in a housing society received two flats worth Rs 1.38 crore after the society underwent redevelopment. Tax authorities issued a notice seeking to tax the transaction under Section 56(2)(x) of the Income Tax Act, which covers certain receipts of property without adequate consideration. The Income Tax Appellate Tribunal (ITAT) examined whether surrendering tenancy rights in exchange for new flats constituted a taxable event under the provision. The tribunal ruled in the individual's favour, holding that receiving flats as compensation for relinquished tenancy rights in a redevelopment project cannot be subjected to tax under Section 56(2)(x).

Telangana Lecturer Arrested for Killing Engineering Student Over Male Friendship

A lecturer in Telangana has been arrested in connection with the death of an engineering student. The case initially appeared straightforward but took a significant turn when police discovered the victim had been forced to consume pesticide. Investigators found that the lecturer's motive was the student's friendship with another man. The incident highlights a disturbing case of possessive and violent behavior leading to murder.

India's urban housing story: Over 1 cr homes completed, more families targeted

Break caste, ditch horoscopes in weddings: VHP’s plan to boost Keralam Hindu birth rate

BJP MLA's Missing Teenage Son Found in Delhi Hours After Disappearing from Jammu

The teenage son of a BJP MLA went missing from Jammu after leaving home to play badminton and failing to return. His family alerted police after he did not come back, triggering a search. Authorities were able to trace the boy to Delhi within hours of his disappearance. The swift police response ensured the teenager was located safely in a short span of time.

Teen founder Caymus Maxson removes 6 tons of beach debris through nonprofit Trash Turtles

Caymus 'CO' Maxson, a 16-year-old from California, founded the youth-led nonprofit Trash Turtles after witnessing beach trash being pushed into the ocean at age 10. Over six years, the organization has conducted more than 50 beach cleanups, clearing debris across over 300 miles of coastline. The group has also recycled 75,000 cigarette butts and removed a total of six tons of waste. Maxson has now been recognized for her environmental efforts with a 2026 Gloria Barron Prize.

Tasmania wetland recovers as invasive grass removal doubles fish species in 3 years

Tasmania's Duck Bay wetland is undergoing a significant ecological recovery following sustained efforts to eliminate invasive rice grass. Conservation group Circular Head Landcare reduced the weed's coverage from approximately 50 hectares to just five hectares. The removal of the invasive species allowed native saltmarsh vegetation to return to the area. Researchers from the University of Tasmania documented a rise in fish species from five to eleven, including the return of yellow-eye mullet. The findings highlight the effectiveness of targeted weed control in restoring coastal wetland biodiversity.

97-year-old Brisbane bowls club saved from demolition in $6 million deal

Turkish President Erdogan raises Kashmir issue again, calls for dialogue

Senator demands Senate probe into Trump Jr's financial ties with Russian oligarch

Senator John Curtis has called for a formal Senate investigation into Donald Trump Jr's financial connections with Russian oligarch Umar Kremlev. The demand follows concerns over potential corruption linked to Kremlev's lavish wedding celebration, at which Trump Jr was reportedly present. Curtis aims to ensure that Trump Jr's foreign business dealings receive fair and thorough scrutiny. The call comes at a politically sensitive time, with midterm elections on the horizon.

Saudi Arabia Sought US Airstrikes on Houthis But Washington Declined

Saudi Arabia has repeatedly requested the United States to conduct airstrikes against Houthi forces, according to a source familiar with the talks. Washington has declined these requests, leaving Riyadh to deal with the growing Houthi threat largely without American military support. This development is especially consequential for Crown Prince Mohammed bin Salman, who has long depended on the US as Saudi Arabia's primary security guarantor. The refusal signals a notable shift in the depth of American military backing for its Gulf ally.

Army Soldier Beaten to Death in Mizoram Road Rage Incident While on Leave

A 29-year-old Indian Army soldier, Zakaria Lalhriattluanga, was killed in a road rage attack in Mizoram while returning home on vacation. He was travelling with a friend in a truck from the airport to his village in New Builum when the incident occurred. The soldier was beaten to death, making the case a serious law and order concern in the region. Authorities are investigating the circumstances that led to the fatal altercation.

NZ coach eager to test teen sensation Sooryavanshi on bouncy home pitches

New Zealand head coach Rob Walter has expressed keen interest in seeing how young Indian batter Vaibhav Sooryavanshi handles the demanding conditions in New Zealand. The ongoing T20I series marks Sooryavanshi's first exposure to the country's characteristically bouncy pitches. Walter believes that putting players under pressure is an essential part of their development at the international level. The series also represents New Zealand's return to T20I cricket following their defeat in the recent World Cup final.

IAF to incorporate Operation Sindoor lessons in Tarang Shakti drills at Jodhpur

The Indian Air Force will host the multinational air exercise Tarang Shakti at its Jodhpur base from September 26 to October 11. Around 40 countries are expected to participate in the drills. A key objective of this year's exercise is to embed tactical and operational lessons drawn from Operation Sindoor into training scenarios. The drills will cover a range of air operations featuring advanced aircraft and live combat simulations.

Mirabai Chanu Claims First Asian Games Medal with Silver in 49kg Weightlifting

Indian weightlifter Mirabai Chanu won her maiden Asian Games medal, securing silver in the 49kg category. She recorded a total lift of 198kg, comprising 87kg in the snatch and 111kg in the clean and jerk. The achievement marks a significant milestone for Chanu, who had previously been denied a medal at the 2023 Hangzhou Asian Games. On that occasion, an injury had forced her to abort her final clean and jerk attempt, leaving her in fourth place.

Trump and Xi to Meet Amid Underlying Tensions Over AI Competition

US President Donald Trump and Chinese President Xi Jinping are set to hold a summit, with both sides projecting a desire for a cordial encounter. Despite the diplomatic pageantry, deep tensions over the global artificial intelligence race continue to simmer beneath the surface. Trump signalled his preference for a smooth meeting by referencing China only once during his address to the UN General Assembly on Tuesday. The carefully managed optics of the summit are expected to mask rather than resolve the fundamental rivalry between the two nations in emerging technologies.

S&P Global Raises India's GDP Growth Forecast to 7% for Current Fiscal Year

S&P Global Ratings has upgraded its GDP growth projection for India to 7% for the current fiscal year. The revision was published as part of the agency's Economic Activity for Asia Pacific report. The report also estimates that consumer inflation in India will average 5.1% in FY27. The upward revision reflects S&P's improved outlook on India's economic performance in the region.

New Hampshire man returns magazine 132 years late, avoids $12,055 fine

Fitch Upgrades India's GDP Growth Forecast to 6.9% for Current Fiscal Year

Credit rating agency Fitch has revised upward its GDP growth projection for India to 6.9% for the current fiscal year. The upgrade reflects a positive reassessment of India's economic performance. However, Fitch also noted that India's economic momentum is expected to moderate over the remainder of the fiscal year. The forecast signals cautious optimism about India's near-term growth trajectory.

Telangana Court Seizes Irrigation Office Assets in Decades-Old Canal Dispute

A court in Telangana has ordered the seizure of assets from a government irrigation office in connection with a long-standing legal dispute. The case dates back to 1983 and involves a disagreement over canal construction works. The court directed the removal of equipment from the concerned irrigation office as part of its order. The decades-old dispute has now resulted in direct action against state government property.