Buddha Relics’ Historic Repatriation After 127 years, India celebrated the return of the revered Piprahwa diamonds, which were associated with the Buddha and unearthed in 1898. Through a public-private partnership headed by Godrej Industries, this collection—which included amethysts, garnets, pearls, and gold ornaments—was successfully bargained back out of Hong Kong’s auction system. The occasion was called a proud cultural milestone by Prime Minister Modi.
A 25% tariff on Indian exports is announced by the U.S. In addition to vague sanctions related to India’s relations with Russia and the BRICS, former US President Donald Trump announced a broad 25% tariff on Indian goods that would take effect on August 1. Opposition parties in India harshly criticized the action, calling it a diplomatic blunder. Markets responded quickly: major pharmaceutical stocks including Dr. Reddy’s and Sun Pharma plunged up to 3%, and the rupee and stocks tumbled as well. In spite of the increase, Indian leaders reiterated the continuation of trade talks.
Markets React; RBI Intervenes • ICICI Bank shares fell 0.01%, outperforming competitors like SBI and IndusInd; SENSEX closed down around 0.36%
To absorb surplus liquidity, the RBI announced a VRRR (Variable Rate Reverse Repo) auction for ₹50,000 crore. This comes after a comparable ₹46,058 crore operation on July 29. The goal of these actions is to preserve stability in the face of increased market volatility.
At Kingsway Camp, Delhi Police Commissioner Sanjay Arora, a 1988-batch IPS officer with decades of service in Tamil Nadu, ITBP, and central forces, was honored with a ceremonial departure march.
The OnePlus Sale Starts on Independence Day With the introduction of its Independence Day Sale, OnePlus offered up to ₹7,000 off of smartphones such as the OnePlus 13, Nord5, and Nord CE5. The recently revealed OnePlus Pad Lite will be on sale on August 1. Numerous retail establishments as well as well-known websites like Amazon and Flipkart will host the deal.
England vs. India at The Oval Starts the Fifth Test England and India begin their series-deciding fifth Test match at The Oval from July 31 to August 4. Ollie Pope fills in for regular captain Ben Stokes as England leads 2-1. Jasprit Bumrah and Rishabh Pant, two important players for India, will not play.
Udham Singh Martyrdom Day is a Punjabi public holiday. To honor the martyrdom of Shaheed Udham Singh, the Punjab government proclaimed July 31 a gazetted holiday. Official tributes are scheduled, and all state institutions, including government agencies and schools, will observe a shutdown.
Support for the Two-State Solution in Foreign Policy India reiterated its long-standing support for a negotiated two-state solution to the Israel-Palestine conflict in a statement from the Rajya Sabha, highlighting peaceful coexistence within acknowledged borders.
