In the Union Budget, finance minister Nirmala Sitharaman announced several initiatives for Bihar, including the establishment of a Makhana Board, four greenfield airports, and a National Institute Food Technology Entrepreneurship and Management. Additionally, support for the Western Kosi Canal project and expanded facilities at IIT Patna were also announced.
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Jimmy Carter, the 39th US President, who passed away at 100, had strong connections with India. His 1978 visit led to a Haryana village being renamed 'Carterpuri'. Carter praised Indian democracy and signed the Delhi Declaration, strengthening Indo-US ties based on shared democratic values.
Union home minister Amit Shah inaugurates 10,000 multipurpose Primary Agriculture Credit Societies under an ambitious plan to create 2 lakh such societies nationwide in five years. These societies will support diverse activities and provide essential resources to farmers, promoting financial inclusion and global market integration.
During a conversation with Lex Fridman, PM Modi reflected on his relationship with former US President Donald Trump, citing moments of mutual respect and trust. Modi highlighted Trump's courage during the 'Howdy Modi' event and their shared nationalistic values, underscoring their strong personal connection.
President Donald Trump has announced a new tariff regime, imposing a 10% baseline tax on imports from all nations and higher levies on countries with a trade surplus with the US. This action, justified as correcting trade imbalances, has significantly affected India with a 26% tariff on all its exports, leading to a negative market reaction.
MP Raghav Chadha countered finance minister Nirmala Sitharaman's claim on the new tax relief in the Union Budget, clarifying that it is a rebate, not an exemption or deduction. Chadha emphasized that individuals earning above Rs 12 lakh will be taxed on their entire income as per the set slabs.
India’s military modernization continues with a modest budget hike of 9.5%, bringing the overall defence budget to Rs 6.8 lakh crore. The capital outlay of Rs 1.8 lakh crore for modernization faces challenges due to major operational shortfalls and unspent funds. Significant investments are planned for indigenous and international defence procurement.
NHAI will implement a variable UPI payment system at toll plazas to eliminate cash transactions and ensure accurate fee collection. The trial has begun at Kherki Dhaula toll plaza in Haryana and will expand nationwide. This system aims to enhance convenience, reduce transaction time, and prevent fraud, addressing issues of unauthorized fund transfer via parallel software.
Prime Minister Narendra Modi emphasized the importance of the youth in transforming India into a developed nation, highlighting Swami Vivekananda's faith in the younger generation. Speaking on National Youth Day, Modi underscored ambitious goals, including achieving 20% ethanol blending by 2030 and hosting the Olympics. He called for active citizen involvement in realizing the vision of 'Viksit Bharat.'
Delhi Police's Economic Offences Wing arrested a 36-year-old man for cheating homebuyers. He sold properties mortgaged to a bank and accumulated Rs 13 crore. The investigation revealed the accused siphoned funds and is involved in multiple fraud cases. The man had taken loans worth Rs 300 crore and misappropriated company funds.
The Supreme Court criticized government authorities, including NHAI, for excessive delays in filing appeals and stressed the need for adherence to procedural timelines. This followed NHAI's 295-day delay in challenging an NCLAT order in an insolvency case, resulting in dismissal of their plea.