The Reserve Bank of India is exploring the possibility of allowing banks to offer fixed deposits with tenures shorter than seven days, seeking feedback from banks by the end of the month. This move aims to boost deposit attractiveness and liquidity amid declining deposit growth.
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Seven men, accused in a 2024 gang-rape case, were released on bail after 17 months and celebrated their return with a large vehicle procession, sparking public outrage. Videos showed them waving and their supporters cheering, leading to re-arrests for bail violations and an ongoing investigation. The incident, initially reported as moral policing, involved a 26-year-old woman who identified the accused.
India is intensifying its efforts to financially isolate Pakistan, contesting World Bank loans and urging the FATF to reinstate it on the grey list. This follows India's opposition to the IMF bailout, citing concerns about Pakistan's economic history and potential misuse of funds for terrorism.
Punjab Kings (PBKS) are slightly ahead when it comes to head-to-head against the Royal Challengers Bengaluru (RCB). PBKS have won 18 matches, while RCB have come out on top in 17 games out of the 35 fixtures the league's perennial underachievers have played against each other. They have finished second on the IPL points table, and the winner will qualify directly for the final, while the loser will get another crack in Qualifier 2.
Diageo Plc anticipates reducing Scotch whisky prices in India following the India-UK FTA, potentially benefiting consumers in the world's largest whisky market. The FTA will slash tariffs, leading to price drops, though the actual impact depends on state taxes and company strategies. While the deal may boost demand, concerns remain about red tape, minimum import pricing, and potential price wars.
Kerala is currently experiencing a surge in Covid-19 cases, reporting the highest number of active cases in the country with 430, a significant jump from 95 earlier in May. While most patients experience mild symptoms like fatigue and cough and recover without hospitalization, two deaths have been recorded this month. The elderly and those with comorbidities remain particularly vulnerable.
Delhi experienced a slight temperature increase, followed by an overcast sky, gusty winds, and brief rainfall in several areas, offering some relief. The Met Department has issued an orange alert for Friday, forecasting light to moderate rainfall with thunderstorms due to a western disturbance affecting northwest India. Officials advise against mountain travel due to potential severe weather.
Shashi Tharoor, leading a multi-party delegation, addressed the Pahalgam terror attack in New York, condemning the religiously motivated killings and highlighting the Resistance Front's involvement, linked to Lashkar-e-Taiba. India responded with targeted strikes on terror sites, sending a clear message against terrorism. The delegation aims to foster international cooperation and share India's perspective on combating terrorism across multiple nations.
Delta Flight 2348, en route to Madison, Wisconsin, experienced an unusual delay at Minneapolis–Saint Paul International Airport when two pigeons infiltrated the cabin. The flight was twice delayed due to the avian intruders, requiring ground crew intervention to remove them. Passengers and crew cooperated to safely resolve the situation, resulting in a 56-minute delay.
During a tense White House meeting, President Trump confronted South African President Ramaphosa with videos and documents alleging a "white genocide" in South Africa. Ramaphosa refuted Trump's claims, emphasizing that crime affects all South Africans, regardless of race.
Legendary playback singer Kishore Kumar’s son, Amit Kumar, recently shared heartfelt recollections of his early years and the unique family dynamics that shaped his childhood. Amit spoke openly about his father’s marriages and his own bond with his stepmothers — particularly the late actor Madhubala.