SC has sought report from the Allahabad high court concerning a speech delivered by Justice Shekhar Kumar Yadav at a VHP event. Justice Yadav endorsed the Uniform Civil Code, emphasising its potential to foster social harmony and equality. This follows previous controversial statements by the judge.
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J&K's government disclosed a significant debt of Rs 1.25 lakh crore, equating to 52% of the state's GSDP. This debt exceeds the state's budget and includes various loans and liabilities. The economic survey for 2024-25 reveals the extent of outstanding liabilities and fiscal challenges faced by the territory.
President Donald Trump has ordered the US treasury to stop minting pennies due to their high production costs, aligning with his administration's cost-cutting measures. The US Mint incurs significant losses from producing pennies and nickels, prompting this decision despite legal uncertainties surrounding executive power to eliminate coins.
India's real GDP grew by 6.2% in Q3 FY 2024-25, with nominal GDP rising by 9.9%. The fiscal year is projected to see a 6.5% real GDP growth. Agriculture outperformed other sectors, while mining and manufacturing lagged. Private consumption is set to expand by 7.6% in 2024-25.
The Finance Minister has adjusted tax slabs for the middle class in the new tax regime, offering greater savings and tax rebates. Additionally, changes include enhancements in TDS limits, updated rules for self-occupied properties, and easier tax return corrections.
Veteran filmmaker Shyam Benegal passed away at the age of 90 due to chronic kidney disease. Known for classics such as Ankur and Nishant, he left an indelible mark on Indian parallel cinema. Tributes poured in from political leaders nationwide, honoring his contributions and influence in the film industry.
Karnataka Deputy Chief Minister, DK Shivakumar, emphasized the significance of former Prime Minister Manmohan Singh's contributions, especially in rural employment, as Karnataka renames Bengaluru City University after him. The renaming aims to honor Singh's legacy, with additional institutions likely to follow suit.
Eli Lilly has launched Mounjaro in India, a new once-weekly injectable drug for type 2 diabetes and weight management. Approved by CDSCO, it targets GIP and GLP-1 receptors, aiming to improve blood sugar control and aid in weight loss. Clinical trials showed significant results, underlining its potential in treating diabetes and obesity.
Prime Minister Narendra Modi concluded a historic two-day visit to Kuwait, the first by an Indian Prime Minister in four decades. He engaged with Kuwait's leadership, elevating the bilateral partnership to a strategic level. Modi received Kuwait's highest honor and discussed collaborations across various sectors. Kuwait's Prime Minister personally saw Modi off, signifying the strengthened ties between the two nations.
Punjab Kings won their second consecutive match in the IPL, defeating Lucknow Super Giants by eight wickets. PBKS captain Shreyas Iyer scored a match-winning fifty. LSG owner Sanjiv Goenka was seen conversing with Iyer and Rishabh Pant. Lucknow are still trying to adapt to their home conditions and will face Mumbai Indians next.
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Tuesday. While BSE Sensex was above 78,500, Nifty50 was above 23,750.