💸 Taxpayers can disclose hidden foreign assets starting Aug 16

The government is launching a one-time window for small taxpayers to declare undisclosed foreign assets and income. This scheme is operationalized by the CBDT, and the disclosure period runs until December 31, 2026. Small taxpayers with assets up to Rs 1 crore face a 60% tax liability, while others with assets up to ₹5 crore pay a flat ₹1 lakh fee. A valid declaration and payment grant immunity from prosecution under the Black Money Act, 2015. Taxpayers must file electronically in Form 1 for this opportunity. 💰

⚽ Alvarez wants out, demands meeting with Atleti boss

Argentine striker Julian Alvarez returned to Atletico Madrid training while maintaining uncertainty about his future. He discussed his position with coach Diego Simeone in Madrid, insisting on leaving this summer for Barcelona. Reports indicate Miguel Angel Gil Marin promised his departure in February when Barcelona offered 100 million euros. Atletico Madrid has refused negotiations and insists Alvarez apologise for his public statements. His camp is now urgently requesting a meeting with Gil Marin to address the crisis. ⚽

📈 4 stocks that have been in Sensex since day one

The Indian stock market, evolving from informal street trading to a digital exchange, celebrated its growth as Sensex hit 86,000 last year. Four long-standing companies featured are Reliance Industries, Hindustan Unilever (HUL), ITC, and Larsen & Toubro. As of 2026, Reliance shares dropped 17% this year, while HUL fell by around 11% so far. L&T stock is down over 2% in 2026, contrasting its long-term gains of 143% over five years. Investors can check these foundational stocks as India celebrates its 80th Independence Day. 🇮🇳

📚 Free online coaching announced for exams

Prime Minister Narendra Modi announced free online coaching for competitive exams during his Independence Day address. This initiative targets poor and middle-class families across India. The announcement was made on August 15, 2026, amidst concerns over rising coaching costs. The government plans to leverage India's digital infrastructure and educators for this support. This aims to help students prepare from home without the financial strain of private coaching.

🌧️ Don't blame each other for Assam-Nagaland floods

A Nagaland coal miners' association stated that the devastation from floods in Assam and landslips in Nagaland should not cause friction between the two states. The Tuli Area Coal Mining Contractors’ Association urged people to examine multiple factors contributing to the extensive damage. Disaster officials reported at least 115 deaths between April and August 14, 2026, in both states. Some in Assam blamed unregulated mining along the border for the Sivasagar floods. However, the TACMCA said heavy rainfall in Nagaland on July 18 caused the flash floods, urging unity instead. 🤝

🏛️ NLSIU demands BCI apology over NALSAR orders

NLSIU students and over 120 alumni strongly condemned the Bar Council of India's withdrawn action against NALSAR students. The statement, released on Independence Day, called for an unconditional apology from BCI to the NALSAR community. The action, which involved directing State Bar Councils not to enroll NALSAR's 2026 batch, was deemed unconstitutional. The group also expressed disapproval of BCI Chairman Manan Kumar Mishra attending NLSIU's convocation. They further demanded reconsideration of CJI Surya Kant as Chief Guest at NALSAR's convocation.

🏏 Jaiswal's bizarre run-out in Galle Test 🏏

Yashasvi Jaiswal's 32-run knock ended dramatically during the first Test against Sri Lanka in Galle. The incident occurred on the final ball of the 11th over of the first session involving KL Rahul. Jaiswal was run out after a bizarre collision with a Sri Lankan bowler, leading to confusion among the batters. After a period of indecision, he was ultimately dismissed for 32 runs off 37 balls. The umpires confirmed the dismissal after checking for a valid appeal from Sri Lanka.

🏍️ Royal Enfield Himalayan 750 spotted before EICMA

The Royal Enfield Himalayan 750 was showcased in Brazil before its EICMA 2026 debut in Milan, Italy. The production-ready ADV bike was seen near the Technology Centre in Leicestershire, UK. Key features include wire-spoke wheels, cruise control, and dual-channel ABS, with expected 19-inch front and 17-inch rear wheels. This adventure motorcycle will use an air/oil-cooled engine derived from the 648cc parallel-twin unit. More details are anticipated as the bike nears its official launch. 🏍️

🏏 Bizarre run-out takes Jaiswal out in Test match

Yashasvi Jaiswal was dismissed via a bizarre run-out during the first Test between India and Sri Lanka in Galle on Saturday. The incident occurred in the 11th over of India's innings, involving KL Rahul and Sri Lankan bowler Keshara Nuwantha. Jaiswal was eventually out for 32 off 37 deliveries after the hosts appealed the decision. This match is part of a two-test series where both teams are fighting for World Test Championship spots. The pitch is expected to favour batters initially before spin takes over the game. 🏏

🇮🇳 Flag Glitch Forces Officer to Hoist Twice in Belagavi

An officer was compelled to hoist the national flag two times during Independence Day celebrations. This incident occurred in Saundatti, Belagavi district of Karnataka on August 15. Kalagouda Patil, Tahsildar, hoisted the flag at Gadad Maradi gate in the morning. The flag began descending slowly, and initial attempts to fix it with the rope failed. Consequently, Mr. Patil paused his speech and hoisted the flag a second time.

🇮🇳 Kerala CM warns against communalism on Independence Day

Kerala Chief Minister V.D. Satheesan warned against communalism during the Independence Day celebrations in Thiruvananthapuram. He urged citizens to be guardians of a strong democracy built on open-mindedness and tolerance. The speech, given on Saturday, August 15, 2026, also addressed caste-based insults faced by national leaders. Satheesan stressed the need to protect the Constitution and India's secularism. The CM called for building a new-era Kerala focusing on compassion and environmental harmony.