In June 1991, Manmohan Singh was unexpectedly appointed as India's Finance Minister by PV Narasimha Rao. Singh, along with Rao, initiated major economic reforms that transformed India's economy from a low-growth state to the fastest growing major economy. Singh's first budget abolished the licence-permit raj, liberalized industries, and focused on fiscal consolidation, significantly boosting India's economic outlook.
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US companies Harley-Davidson and Tesla, despite President Trump's push for lower Indian import duties, prefer manufacturing outside the US. Harley imports its bikes from Thailand, and Tesla will ship its cars from Germany due to locational advantages and economies of scale. India's recent customs duty cuts are unlikely to change these import strategies.
Actor-politician Vijay warned Prime Minister Narendra Modi to be cautious regarding Tamil Nadu, highlighting the state's historical resilience. Speaking at his party's general council meeting, Vijay criticized the central government on issues like delimitation, language policy, and NEP, and voiced strong opposition to central schemes impacting the state.
The Supreme Court has declined to consider Mahua Moitra's plea to disclose details of alternate investment funds and foreign portfolio investors in India's stock market, directing her to first approach Sebi. The Court allowed Moitra to present her concerns to Sebi and seek legal remedies if her representation is not addressed within a reasonable timeframe.
Congress president Mallikarjun Kharge criticized the Modi government, highlighting a decline in GDP growth from 7.8 per cent under the UPA to 5.8 per cent currently, questioning job creation prospects. He also condemned the government over farmer suicides, claiming 100,000 in the last decade, and demanded transparency on the Maha Kumbh stampede death toll. Kharge further criticized the falling value of the rupee, and was urged by Rajya Sabha chairman to provide evidence for his allegations.
The road transport ministry has mandated that speed limits and vehicle logos be painted on expressways and National Highways every 10 km to guide drivers. New guidelines also require larger signage at frequent intervals, placement of 'no parking' signage every 5 km, and display of emergency helpline numbers to enhance driving safety.
Delhi chief minister Atishi announced that drivers and conductors of DTC and Cluster buses would be suspended if they drive away from designated stops without picking up female passengers. She urged women to post photos of such incidents on social media. The Delhi government reimburses for pink passes, allowing free travel for women, ensuring there is no financial loss involved.
The Supreme Court directs the Union government to form an expert committee for drafting a law to protect househelps, citing rampant abuse and a lack of legal safeguards. Past attempts to legislate these protections have failed over the last 66 years.
Jammu and Kashmir CM Omar Abdullah expressed hope that Prime Minister Narendra Modi would continue the tradition of sending a 'chadar' to the Ajmer Sharif Dargah despite any pressure. He pointed out the cultural significance of the Dargah for multiple communities and welcomed the Supreme Court's intervention in communal disputes.
On the 99th birth anniversary of Shiv Sena founder, the Shiv Sena (UBT) demands the Bharat Ratna for Bal Thackeray, citing his contributions to Hindutva. Senior leader Sanjay Raut criticized the BJP-led government for neglecting Thackeray while honoring undeserving individuals and accused Prime Minister Modi and Amit Shah of hypocrisy regarding Thackeray's legacy.
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.