Finance minister Nirmala Sitharaman stated that 99% of borrowed resources will be used for capital expenditure in 2025-26, with effective capital expenditure at 4.3% of GDP. She also noted the moderation of inflation, with retail inflation within the 2%-6% range, and emphasized the robust growth of the Indian economy.
Related news
US State Department spokesperson Tammy Bruce said secretary Rubio and foreign minister Lavrov also agreed to continue working towards restoring communication between the US and Russia.
Ian Wagner, accused of threatening violence near UnitedHealthcare's headquarters, was ordered into custody without bond after an outburst in court, where he shouted about "power, money, and corruption." His mother, Cheryl Wagner, stated he suffers from mental illness. Officials had made multiple attempts to arrest Wagner for violating probation and electronic home monitoring before the incident at UnitedHealthcare.
Luigi Mangione, suspected of killing UnitedHealthcare CEO Brian Thompson, waived extradition in Pennsylvania and headed to New York straight after the hearing in Pennsylvania. Mangione's New York charges include first and second-degree murder and terrorism-related offences. Mangione replied with 'yes' and 'no' during the hearing. He said “yes†when his local attorney Thomas Dickey asked if he wanted to waive his extradition.
An Oregon cancer patient caught fire during a tracheostomy procedure due to improperly dried isopropyl alcohol, leading to permanent disfigurement. A lawsuit has been filed against the hospital and medical staff for malpractice. The incident caused the patient significant trauma before his death, while underscoring the importance of vigilance to prevent surgical fires.
A French court is set to deliver verdicts in a mass rape trial involving 51 men, including Dominique Pelicot, accused of drugging and raping his wife, Gisèle, over nine years. Pelicot used an online website to invite men to his home to assault his unconscious wife. He also filmed his daughters-in-law and is suspected in other cold cases.
The Palisades Fire, the most deadly of five fires in California, might have been started by New Year's Eve fireworks. An analysis of the satellite imagery shows that the Palisades Fire smoke overlapped with the burn scar from the New Year's Eve fire in the Temescal Ridge in the Santa Monica Mountains.
In her statement on Syria, Tulsi Gabbard did not mention Assad whom she met in 2017, and said she stands in full support of what President-elect Donald Trump said on Syria. Donald Trump said whatever is happening in Syria is not America's fight and US military should stay out of it. Trump said Assad did not deserve US support to stay in power after his government collapsed and Assad left the country.
Xi Jinping is advocating for free trade in Southeast Asia, portraying China as a source of stability. Welcomed in Vietnam and later in Malaysia, Xi emphasized opposing unilateral actions and maintaining global supply chains. Agreements were signed with Vietnam, including railway projects and increased agricultural exports. He will end his tour with a stop in Cambodia.
US stocks sharply declined on Monday as President Trump announced a 25% tariff on imports from Canada and Mexico, effective Tuesday. The decision heightened trade war fears and considerably impacted investor sentiment, affecting major stock indices and causing a significant market downturn.
Tulip Siddiq, the British minister for financial services, resigned amidst scrutiny over financial ties to her aunt, ex-Bangladeshi PM Sheikh Hasina, accused of corruption. Although cleared of breaching conduct codes, Siddiq stepped down to avoid distracting government work. She was linked to a major fraud investigation in Bangladesh involving infrastructure funds. Emma Reynolds has been appointed as her replacement.