Tuesday, September 22, 2026
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Price of commercial LPG cylinder cut by up to Rs 209, no change in domestic cylinder

LPG cylinders

New Delhi, Aug 2 (NVI) Price of commercial LPG cylinder has been reduced by up to Rs 209 across major cities with effect from August 1 but the cost of domestic cooking gas cylinder remains unchanged.

Oil marketing companies revised the prices of 19-kg commercial LPG cylinders, reducing rates by Rs 202 in Delhi and Rs 209 in Kolkata, with similar reductions announced for Mumbai, Chennai and other cities.

The reduction follows a similar cut in July, signalling a moderation in commercial fuel costs after sharp price increases earlier this year.

Commercial LPG prices had surged significantly during the first half of 2026 due to supply disruptions and volatility in global energy markets, making the latest back-to-back reductions a welcome respite for businesses.

There has been no change in the price of 14.2-kg domestic LPG cylinders used by households.

Oil marketing companies review LPG prices every month, with revisions largely influenced by international benchmark prices, import costs and foreign exchange movements.

The latest reduction comes at a time when businesses are looking to manage input costs amid improving demand.

Lower commercial LPG prices are expected to benefit sectors such as hospitality and food services, where fuel is a significant operating expense. (NVI)

Man Held With Grenade, Anti-National Posters in J&K’s Pulwama

J-K Police
Representational image

Srinagar, Aug 2 (NVI): A man was arrested during a joint security operation in Jammu and Kashmir’s Pulwama district on Sunday, and a hand grenade along with anti-national posters was recovered from his possession, officials said.

A joint checking operation was launched by police, the Special Operations Group (SOG), the CRPF and the Army near Pachaar Fruit Mandi in Pulwama, they said.

During the operation, the security personnel intercepted and apprehended a suspect, identified as Tausif Ahmad Dar, a resident of Drubgam Payeen village in the district.

Officials said the security forces recovered a hand grenade, an iPhone, three anti-national posters and a wristwatch from his possession.

A case has been registered and an investigation has been initiated to ascertain the motive behind the possession of the recovered material and to probe any possible links, they added.(NVI)

New trading timings at India’s stock markets from tomorrow

New Delhi, Aug 2 (NVI) Trading timings for India’s stock markets will change from tomorrow as the Securities and Exchange Board of India (Sebi) is rolling out a Closing Auction Session (CAS) for Futures & Options (F&O)-eligible stocks and extends trading hours for the equity derivatives segment by 10 minutes.

Under the revised framework, the cash market will continue to operate between 9:15 am and 3:30 pm, while the equity derivatives segment will now remain open until 3:40 pm, compared with the earlier closing time of 3:30 pm.

The key change under the new framework is the extension of trading hours for the equity F&O segment.

The normal market session will continue to begin at 9:15 am, but trading will conclude at 3:40 pm, providing market participants with an additional 10 minutes to trade derivatives contracts. Trade modification requests will continue until 4:15 pm.

The extension is expected to offer traders greater flexibility while aligning the derivatives market with the new closing auction process in the cash segment.

Another significant reform is the introduction of a Closing Auction Session for stocks that are part of the F&O segment. The auction mechanism is intended to improve the accuracy of closing prices by aggregating buy and sell orders in the final minutes of trading, thereby reducing volatility and strengthening price discovery.

Market regulators believe the revised process will ensure that closing prices more accurately reflect prevailing market demand and supply, benefiting both institutional and retail investors.

While changes have been introduced for derivatives and the closing auction, the equity cash market timings remain unchanged, with the pre-open session continuing from 9:00 am to 9:08 am and regular trading from 9:15 am to 3:30 pm.

The changes are being implemented across stock exchanges in line with Sebi’s efforts to modernise market infrastructure and improve the efficiency of India’s capital markets. (NVI)

Over 5.9 crore individuals filed Income Tax Returns till July 31

New Delhi, Aug 2 (NVI) The Income Tax Department has said more than 5.9 crore Income Tax Returns (ITRs) were filed for Assessment Year (AY) 2026-27 by the end of July 31.

This was the last date for individuals filing ITR-1 and ITR-2 who are not required to get their accounts audited to submit returns without incurring interest or a late-filing fee.

The Central Board of Direct Taxes (CBDT) did not extend the deadline despite expectations from some taxpayers following technical glitches reported on the income tax e-filing portal in the days leading up to the due date.

Government data shows a marginal decline in ITR-1 filings compared with last year. ITR-1 filings stood at 3.15 crore, against 3.3 crore in the previous assessment year, while ITR-2 filings were broadly in line with last year’s levels.

The moderation in ITR-1 filings partly reflects the higher income tax exemption threshold of up to Rs 12 lakh under the new tax regime, reducing the need for some taxpayers to file returns.

With ITR-3 and ITR-4 due by 31 August, the overall filing numbers are expected to increase further in the coming weeks. Taxpayers who missed the 31 July deadline can still file a belated return.

However, they may be required to pay a late fee of up to Rs 5,000, depending on the applicable provisions.

Taxpayers with business income who are not required to undergo a tax audit have until August 31 to file their returns.

Those whose accounts are subject to a tax audit can file their returns by October 31.

ITR-1, also known as Sahaj, is a simplified return form for resident individuals with annual income of up to Rs 50 lakh from salary, one house property and agricultural income of up to Rs 5,000. It is the most commonly used return form among small and medium taxpayers.

ITR-2 applies to individuals and Hindu Undivided Families (HUFs) that do not earn income from business or profession but have income from sources such as capital gains.

For comparison, more than 7.3 crore income tax returns were filed for AY 2025-26 by 16 September, 2025, the extended deadline for that assessment year. (NVI)

Pakistan bracing for military rule?

Pakistan Army Chief Asim Munir

By Ajay Kaul

New Delhi, Aug 3 (NVI) Is Pakistan headed for military rule once again?

This feeling is gaining ground in the wake of a very significant statement given by Pakistani Minister Mohsin Naqvi, which may be clubbed with the extremely bad situation in the country as well as in occupied Jammu and Kashmir and Balochistan.

Addressing an Economic Summit in Islamabad, Naqvi, the Minister for Interior Affairs, said Pakistan’s governance system has “collapsed” and the country’s decades-old model has failed to provide justice, services or solutions.

He referred to Pakistan’s economic failure and unmanageable debt, because of which living conditions in the country have become frustrating.

He warned that continuing on the same path would mean the exact same crises will persist a decade from now.

He slammed the ongoing budget strategies as operating purely “in negative” cycles of debt dependency and short-term survival rather than fixing foundational flaws.

Flagging the deep frustration among GenZ, he noted that young people are demanding merit-based jobs and equal opportunity rather than basic financial aid.

Naqvi’s statement, critical of his own government headed by Prime Minister Shehbaz Sharif, has caught a lot of attention, particularly because he is considered close to Pakistan Army and its chief Field Marshal Asim Munir.

The remarks are seen as part of the usual modus operandi employed by the Pakistan Army over the last nearly eight decades to seize power.

In the past, whenever the Army toppled political governments in Pakistan, the prelude was set with the claims about failure of governance. A narrative is set that the political administration is unable to lead the country and the Army needs to step in to “save” the nation.

Asim Munir seems to be venturing on the same script, possibly preparing ground for a coup.

It is believed Naqvi deliberately dropped hints about the plans being made to topple the government of Shehbaz Sharif.

According to people claiming to know about the plan, Munir would be made the President with full powers and Naqvi would be made the Prime Minister.

To discuss the plan, a meeting of the top military brass was held at ISI headquarters a few days back. It was attended by important ISI officials, Sector commanders of the Pakistan Army and other key officials.

At the meeting, it was underlined that “this system has collapsed” and the Army would bring a new system.

After the meeting, Naqvi is understood to have met President Asif Ali Zardari and told him that he would have to step down and leave the country, if he wished safety for himself.

Significantly, Munir would not have to worry about how the US, which has immense control on Pakistan, would take react if a coup is undertaken since he enjoys excellent relations with President Donald Trump.

Timing of the Statement

Naqvi’s statement is significant as it came at a time when occupied Jammu and Kashmir has been on the boil for two months.

A mass uprising has been going on in the occupied territories and the ostensible political administration has collapsed completely.

Over 80 people have been killed and hundreds of others injured in the ongoing military crackdown, despite which lakhs of people, including women and children, remain on the streets, demanding their basic and political rights.

Elections scheduled for the so-called Assembly of occupied Jammu and Kashmir could not be held due to intense resistance by the locals. The people of Pakistan-occupied Jammu and Kashmir (POJK) not only announced total boycott of the sham elections but also prevented the process to take place.

They have made it clear that they won’t anymore allow 12 of the 53 seats in the Assembly to be decided by the Pakistani regime.

Similarly, in occupied Balochistan, situation is extremely bad for Pakistan as the Baloch freedom fighters have been causing massive damage and destruction to Pakistani military and assets.

Armed Baloch groups, like Baloch Liberation Army (BLA) and Baloch Liberation Front (BLF), often seize control of cities of Balochistan from the Pakistani forces and maintain authority for hours and days, demonstrating their growing prowess.

The situation is so bad that even the Pakistani military personnel don’t feel safe there. Their free movement in Balochistan has become nearly impossible as the Baloch freedom fighters attack them at will.

The same is the condition in Khyber Pakhtunkhwa province, where TTP has made life hell for Pakistani military and police.

In the month of June, TTP killed 304 personnel of Pakistani government forces and injured 477 in 315 operations. At least 68 personnel of the Pakistani forces were captured by the TTP.

Due to continuous fear, many Pashtun policemen have quit their jobs in Khyber Pakhtunkhwa as TTP clearly has acquired an upper hand.

Only two days back, TTP fighters overran a police station in Hangu, killing 13 policemen, injuring 28 and capturing several of them. They capture policemen were released later, but not before being humiliated.

The TTP also seized a huge quantity of arms and ammunition from the police camp.

The TTP fighters also roam freely in Khyber Pakhtunkhwa and even set up pickets on highways, marking a huge embarrassment for the Pakistani State.

Amidst speculation about a coup, a large number of massive containers have appeared in Islamabad since yesterday, which is normally done to check mass protests in the capital of Pakistan.

So, something big seems to be brewing, seriously. (NVI)

J&K’s 100-Day Anti-Drug Drive a National Model: LG Sinha

Srinagar, Aug 2 (NVI): Lieutenant Governor Manoj Sinha on Sunday said Jammu and Kashmir’s 100-day anti-drug campaign has led to the registration of over 2,300 FIRs, arrest of around 2,600 persons and seizure of nearly 1,500 kilograms of narcotics, asserting that the administration will continue its crackdown on the drug menace while focusing on rehabilitation of victims.

Speaking at the Union Territory-level launch of the “Nasha Mukt Yuva for Viksit Bharat Sankalp Abhiyan” at SKUAST-Kashmir, Sinha said the campaign aims to channel the energy of the country’s youth towards nation-building and healthy living.

The 100-week nationwide campaign was virtually launched by Prime Minister Narendra Modi.

Addressing the gathering, the lieutenant governor said India’s youth population is its greatest strength and called upon young people to actively contribute to building a developed nation.

Highlighting the achievements of the recently concluded 100-day “Nasha Mukt J&K Abhiyan”, Sinha said around 2,300 FIRs were registered, 2,600 persons arrested and 1,500 kg of narcotic substances seized.

He said authorities have also attached 331 properties worth about Rs 200 crore linked to drug smugglers and narco-terror networks, cancelled more than 370 driving licences and 750 vehicle registrations, besides recommending cancellation of nearly 3,000 Aadhaar cards of those allegedly involved in the drug trade.

Sinha said the government would soon roll out the “Rehabilitation and Socio-Economic Reintegration Scheme for Drug Abuse Victims, 2026”, beginning with pilot projects in one district each of Kashmir and Jammu divisions.

The proposed three-year programme will focus on medical treatment, counselling, education, skill development, employment support and long-term reintegration of recovering addicts into society, he said.

Describing drug addiction as both a law-and-order and social challenge, the lieutenant governor urged parents, teachers, youth organisations and volunteers to spread awareness against substance abuse and guide young people towards a healthy lifestyle.

He also administered the “Nasha Mukt Yuva Pledge” to the participants, reaffirming the commitment to making Jammu and Kashmir drug-free.(NVI)

21 Bangladeshi Nationals Held in J&K’s Ramban

J-K Police
Representational image

Shivam Bakshi

Ramban, Aug 2 (NVI): Twenty-one Bangladeshi nationals, including women and minor children, were apprehended by police in Jammu and Kashmir’s Ramban district after they allegedly failed to produce valid travel or identity documents, officials said on Sunday.

The group was intercepted during a checking operation at Banihal on August 1, officials said.

During verification, none of the apprehended persons could produce passports, visas or any other valid documents to establish their lawful entry into or stay in India, they said.

Preliminary questioning revealed that the group had allegedly crossed into India illegally through the Assam border before travelling by train to Jammu. They were reportedly heading towards Kashmir in search of employment, officials said.

The apprehended persons are residents of different areas of Sylhet district in Bangladesh, they added.

Police have initiated legal proceedings and launched a detailed investigation to verify their identities, establish the route they used to enter the country, and ascertain whether any local or cross-border network facilitated their movement, officials said.(NVI)

Security Forces Arrest Alleged OGW, Recover Pistol and Ammunition in J&K Baramulla

File Photo

Srinagar, Aug 2 (NVI): Security forces on Sunday arrested an alleged overground worker (OGW) in Jammu and Kashmir’s Baramulla district and recovered a pistol, ammunition and other incriminating material from his possession, officials said.

They said a joint checkpoint was established at Zandfaran–Goriwan Crossing in the Narwav area by the Army, Special Operations Group (SOG) of J&K Police, CRPF and BSF as part of intensified security measures.

During checking, a man approaching the naka from the Goriwan side allegedly attempted to flee after noticing the security personnel. He was chased and apprehended, the officials said.

A search of the suspect led to the recovery of an MP-5 type pistol, one magazine loaded with 10 live 9 mm rounds, a mobile phone and a black backpack, they added.

The arrested person was identified as Aijaz Ahmad Ganie, a resident of Namblan in Baramulla district.

Police have registered a case under relevant sections of law, and further investigation is underway to ascertain his alleged links and activities, the officials said.—(NVI)

Omar Abdullah invites businesses to J&K

Bengaluru, Aug 1 (NVI) Jammu and Kashmir Chief Minister Omar Abdullah today invited businesses to establish operations in his Union Territory, saying technology had created an opportunity for talented young people to participate in national and global markets without necessarily leaving home.

Speaking at ‘IIMBue 2026’ event here, he asked, “What would you need to see before you put your second centre in a place like ours?”

He said the next transformation of J&K would depend less on government schemes than on whether institutions could inspire confidence and enable thousands of entrepreneurs to build businesses.

He said J&K’s per capita income had grown faster than several northern states over the past five years but remained about Rs 50,000 below the national average, calling for the need to create more private-sector opportunities.

“Our job is to widen access to it as far as we can,” Abdullah said, referring to enterprise.

“Whether any of this succeeds… will be decided by thousands of ordinary decisions, by entrepreneurs who start companies, investors who stay patient, universities that produce talent, young people who decide their future is worth backing.

“The productive assets of the 21st century are no longer land or physical capital. If land was the asset of that age, ours is enterprise,” Abdullah said. “Broadening access to enterprise is the modern equivalent of broadening access to land.”

He talked about J&K’s post-Independence land reforms, saying transferring ownership to cultivators fundamentally changed economic incentives and laid the foundation for improvements in education, healthcare and productivity that followed over subsequent decades.

“Institutions set the incentives. People read them before they invest, before they educate a child, before they take a risk,” he said. “Ownership encouraged investment. Security encouraged productivity.”

He said development was “rarely the consequence of one government or budget” but rather the outcome of institutions that reward ordinary effort over time.

Abdullah added that despite geographical disadvantages such as mountainous terrain, high transport costs and limited industrialisation, J&K has recorded among the highest life expectancy levels in India, arguing that institutions rather than geography explain the difference.

The Chief Minister said decades of militancy necessitated higher public spending on maintaining order.

He described it as “security economy”, where preserving stability took precedence over expansion and private risk-taking.

“Nobody chooses a security economy. It is what rational adaptation looks like when it goes on long enough,” he said. (NVI)

TTP killed 304 Pakistani security personnel, injured 477 in June

TTP
Special squad of Tehreek-e-Taliban Pakistan (TTP) undergoing training. (File Pic)

Peshawar, Aug 1 (NVI) Tehreek-e-Taliban Pakistan (TTP) killed 304 personnel of Pakistani government forces and injured 477 in 315 operations during the month of June in Khyber Pakhtunkhwa Province and some other parts.

At least 68 personnel of the Pakistani forces were captured by the TTP during the month, according to its spokesman who gave details about the operations.

The institutions hit by these operations of the TTP were:

– Police/CTD: 302

– Army/SSG: 211

– Frontier Corps (FC): 177

– Intelligence/Peace Committee: 91

Damage Inflicted:

– Various military vehicles: 44

– Security cameras: 38

– Water, energy, and communication systems: 17

– Military and police installations: 15

– Quadcopter drones: 10

– Tanks and armored vehicles: 6

 

Types of Operations:

– Guerrilla attacks: 67

– Sniper/Laser attacks: 60

– Direct assaults: 58

– Grenade/Bomb explosions: 51

– Targeted attacks: 31

– Ambushes: 23

– Retaliatory attacks: 17

– Missile attacks: 8

 

Equipment Seized from Pakistani Forces

– Various firearms: 144

– Various vehicles: 27

– Mobile phones: 3

– Laser rangefinders: 3

– Motorcycles: 2

– Drone jammer: 1

– Various types of ammunition, grenades, ammunition boxes, and other military equipment.

(NVI)

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