Following the release of the AAIB's preliminary report on the Air India 171 crash, pilot associations ALPA and ICPA have voiced strong objections. ALPA criticizes the report's procedural flaws and perceived bias towards pilot error, while ICPA condemns speculative narratives suggesting pilot suicide.
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US wholesale inflation remained flat in June, despite concerns over President Trump's tariffs. The producer price index showed a 2.3% year-on-year increase, the smallest since September. While some sectors saw tariff impacts, like furniture, others, such as steel, defied expectations. Retailers are feeling the squeeze, and the Federal Reserve is monitoring the impact on inflation.
SpaceX has pledged $2 billion to xAI as part of a $5 billion equity round, strengthening Elon Musk's AI startup's position against OpenAI. Following xAI's merger with X, the combined entity is valued at $113 billion, with the Grok chatbot now supporting Starlink and potentially integrating into Tesla's Optimus robots.
Omar Abdullah requested the central government to approve the Tulbul Navigation Barrage and Chenab River water scheme. This request follows the suspension of the Indus Waters Treaty after a terror attack. Abdullah has long opposed the IWT, deeming it unfair to Jammu and Kashmir. The Tulbul project aims to regulate Jhelum River water levels.
The academic migration patterns of Indian students are evolving, with the US experiencing a slower growth rate of 11-13% through 2029. Ireland, Germany, the UAE, and Singapore are emerging as popular alternatives, offering attractive immigration policies and work opportunities. This diversification ensures continued growth in education loans, driven by the economic advantages of overseas education.
Jensen Huang, Nvidia CEO, lauded China's AI contributions at a Beijing expo. He highlighted DeepSeek's efforts and China's rapid innovation. Nvidia will resume H20 chip sales to China after US assurances. This news boosted global tech markets, with Nasdaq reaching a record high.
Prime Minister Narendra Modi is set to visit London on July 24 to sign a free trade agreement with the United Kingdom, accompanied by Commerce Minister Piyush Goyal. The FTA, finalized on May 6, aims to boost bilateral trade to $120 billion by 2030 by eliminating duties on key exports and reducing import tariffs.
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India's tax administration has seen significant improvements, leading to a five-fold increase in income tax refunds and a reduction in processing time from 93 to 17 days. Direct tax collections have tripled in the last decade, reflecting increased formalization and voluntary participation.
The National Highways Authority of India is committed to sustainable development. It has reduced greenhouse gas emissions. This happened even as highway construction increased. The Authority used recycled materials and planted trees. It also developed water bodies and improved worker safety. Technology implementation enhanced project oversight. FASTag usage reduced congestion at toll plazas across the nation.