In a surprise move, the RBI slashed the repo rate by 50 basis points to 5.5%, exceeding expectations. This decision, driven by a lower projected inflation rate of 3.7% and a need to boost domestic growth, aims to reduce home loan EMIs and stimulate consumer spending.
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The Supreme Court has initiated criminal contempt proceedings against YouTube journalist Ajay Shukla for making defamatory remarks against Justice Surya Kant. Shukla's video attributed motives and made unfounded allegations against Justice Kant, who is next in line to become the CJI.
The finance ministry has urged states to safeguard bank employees from rising assaults and intimidation, which disrupt essential banking services. Financial services secretary M Nagaraju emphasized the importance of uninterrupted banking for daily needs, welfare access, and economic support. He requested state governments to deploy police at sensitive locations during peak hours to prevent such incidents and maintain public trust.
The Supreme Court sided with the Trump administration in two cases concerning the Department of Government Efficiency (DOGE), allowing access to Social Security data and limiting transparency. These rulings, opposed by liberal justices, arrive amid tensions between the president and former DOGE head Elon Musk. The decisions spark privacy concerns and questions about DOGE's future direction.
After an 18-year wait, Virat Kohli finally clinched the IPL trophy as RCB successfully defended their total. Kohli's emotional celebration, shared with Anushka Sharma and fans, highlighted the victory. His sister, Bhawna Kohli, shared heartfelt messages and family photos, celebrating the long-awaited triumph and expressing pride, while remembering their father.
In May, relentless shelling in Poonch near the LoC claimed 14 civilian lives and wounded over 65, leaving a trail of devastation and fear. Homes were destroyed, families displaced, and a seminary was attacked, resulting in casualties and false accusations against a religious teacher. While authorities offered support, the community grapples with loss, trauma, and lasting scars.
A young college student, Bhoomik, tragically lost his life amidst the chaotic celebrations at Chinnaswamy Stadium. Separated from his friends in the crowd, he was found injured and unresponsive. His parents believe that quicker medical assistance could have saved him, but delays caused by the chief minister's visit further compounded their grief and delayed the release of his body.
Prime Minister Modi, addressing a women's empowerment rally in Bhopal, declared a new norm of disproportionate response to terrorist attacks, stating India will retaliate with greater force. He emphasized that the terrorists' challenge to India's 'nari shakti' in Pahalgam led to their destruction. Modi highlighted Operation Sindoor as a successful anti-terror operation, showcasing India's strength.
Gold price prediction today: Gold prices have fluctuated due to global uncertainties and developments in trade relations, particularly regarding US tariffs. Recent progress in trade negotiations and outflows from gold ETFs suggest a potential consolidation in the short term.
Three senior resident doctors, prominent in the RG Kar movement, allege punitive postings in Bengal, triggering accusations of government witch-hunting and counselling process violations. Junior doctors, supported by senior medical bodies, plan protests after being denied clarification from officials. The affected doctors claim their preferred postings were altered due to their protest involvement, undermining the transparency of the allocation process.
Defence minister Rajnath Singh asserted that Pakistan's long-standing support for terrorism is over, demanding the handover of terrorists like Hafiz Saeed and Masood Azhar. He warned that another terror attack would be considered an act of war, highlighting India's readiness to employ any means necessary to eliminate terrorism.