16 C Top News / The Economic Times
India Budget: India's DeepTech ecosystem is on the brink of significant growth, driven by advancements in AI, blockchain, and other technologies. Government policies, funding opportunities, and strong public-private partnerships are essential to overcome challenges and ensure success in the upcoming Budget 2025.
China's population declined for the third consecutive year in 2024, dropping by 1.39 million to 1.408 billion, reflecting demographic challenges. Rising living costs, delayed marriages, and low immigration rates contribute to fewer births. An aging population strains the social security system, causing concerns over future economic stability and potential policy changes regarding retirement age.
US President Donald Trump claimed that the ongoing conflict between Russia and Ukraine would not have occurred had he been in office. He also urged NATO countries to increase their defense spending to 5 percent of GDP, leading to backlash from German politicians who found his suggestions excessive and unrealistic.
Rahul Gandhi criticized the Modi government's economic policies, highlighting issues like declining manufacturing sector, stagnant worker incomes, harmful GST, and agrarian distress. He stressed the need for an inclusive development model with a fair business environment and tax system to ensure prosperity. Gandhi also announced the 'White T-shirt Movement' advocating economic justice and equality.
Table Space, following the sudden passing of founder Amit Banerji due to cardiac arrest, has appointed co-founders Karan Chopra and Kunal Mehra as Co-CEOs. Banerji, recognized for establishing Table Space's prominence in managed workspaces, leaves a legacy continued by Chopra as Chairman and Mehra emphasizing exceptional customer value and growth.
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The inauguration of Donald Trump as U.S. President saw the attendance of the worlds wealthiest individuals, including Elon Musk, Jeff Bezos, and Mark Zuckerberg. Their significant presence and seating arrangements signal potential favorability in Trump's policies towards the wealthy and well-connected, raising concerns about oligarchic influence on democracy.
The Bhartiya Janata Party (BJP) announced the second part of their manifesto for the Delhi Assembly Elections 2025, promising free education from KG to PG for needy students and Rs 15,000 financial aid for competitive exam aspirants. The manifesto also includes six months of paid maternity leave for Delhi women.
Deepika Padukone embodies grace, style, and poise, with each look reflecting her timeless beauty and ever-evolving fashion sense.
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On Trumps first day in office, global markets fluctuated as a US administration fact sheet called for federal agencies to tackle currency manipulation. Countries like Japan, China, and Germany may be affected, potentially leading to interventions to support their currencies.
Union minister Chirag Paswan emphasizes the substantial growth potential for Indian processed food products in international markets, highlighting efforts to boost the food processing industry and support farmers. He cites increasing global demand for processed foods and the prominence of Indian spices as key drivers of this sector's potential.
A resident of Bihar has filed a case against Congress leader Rahul Gandhi for causing him to drop a pail of milk, resulting in a loss of Rs 250. The complainant claims he was shocked by a remark from Gandhi, causing him to drop the milk. The complaint seeks trial under various sections including sedition.
Elon Musk, now leading the 'Department of Government Efficiency,' faced backlash for a gesture during a speech at Capital One Arena, which some interpreted as a Nazi salute. Musk dismissed the claims on social media, attributing the controversy to smear campaigns. Critics and historians condemned the gesture, while supporters argued it was misinterpreted.
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The West Bengal government appeals for the death penalty in the Sanjoy Roy case after a sessions court sentences him to life imprisonment for the rape and murder of a junior doctor. Chief Minister Mamata Banerjee expresses dissatisfaction, emphasizing earlier cases where thorough investigations led to capital punishment.
Trumps administration plans to suspend security clearances for over 50 former intelligence officials who signed a 2020 letter about Hunter Biden's laptop, suggesting a Russian operation. This executive order could lead to legal challenges, as experts highlight potential violations of due process and existing policies.
Union Budget 2025 presents a strategic opportunity for India to address foreign trade concerns amid potential threats from Donald Trump's policies. Experts suggest boosting domestic manufacturing, simplifying custom duties, and expanding Production-Linked Incentives (PLIs). Strengthening trade pacts and diversifying export destinations can position India as a viable alternative in global supply chains.
President Trump intends to impose 25% tariffs on Canada and Mexico, impacting several Asian automakers and battery firms. This move affects diverse sectors including auto manufacturers such as Volkswagen, BMW, Toyota, and Nissan as well as electronics giants like Samsung and Lenovo. Production shifts and significant market disruptions are anticipated, urging companies to reassess their strategies.
Bengaluru experienced its first significant rainfall of the season, bringing temperatures down to 21.4C. The rain was caused by a trough in the Southwest Bay of Bengal. Light rain is expected in parts of Dakshina Kannada district. Bengaluru's weather will stay partly cloudy with fog or mist in the early mornings.
Construction of the Ram temple complex in Ayodhya is on schedule to be completed by March, with the Ram Darbaar set up on the first floor. Completed facilities include the fire post, electrical substation, and treatment plants. Amid the ongoing Mahakumbh celebrations, pilgrims are visiting the temple complex and taking selfies at a Mahakumbh selfie point.
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Trump's new cabinet is anticipated to adopt a hawkish stance, with significant changes expected in fiscal policy, foreign relations, and national security. Key figures include Scott Bessent at Treasury, Marco Rubio at State, Elon Musk at Government Efficiency, and Mike Waltz for National Security, focusing on economic growth, China, and global trade dynamics.
On his first day in office, President Donald Trump pardoned 1,500 defendants, including leaders of the Proud Boys and Oath Keepers involved in the January 6 Capitol attack, sparking outrage from lawmakers. Additionally, Trump signed several executive orders targeting immigration, climate policies and trade, reversing key moves made by his predecessor Joe Biden.
External Affairs Minister S Jaishankar attended Donald Trump's swearing-in as the 47th President of the US in Washington, DC. During the event, he met key administration members, including Speaker Mike Johnson and Senate Majority Leader John Thune. Jaishankar also met Argentina's President Javier Milei and conveyed greetings from PM Narendra Modi.
The WEF and MHI report highlights the significant economic benefits of addressing women's health issues, estimating a potential USD 400 billion GDP boost by 2040. It emphasizes nine critical health conditions and introduces the WHIT platform to monitor health inequities, urging investment in sex-specific research and better healthcare solutions for women.
Delhi experienced a sunny morning with a minimum temperature of 10.6 degrees Celsius, 3.1 degrees above average. The air quality was recorded as poor with an AQI of 287. Humidity was at 83 percent. The maximum temperature is predicted to reach around 25 degrees Celsius, and fog is expected during the day.
At least 12 Naxalites were killed in a fresh exchange of fire with security forces in Chhattisgarh's Gariaband district on Monday night and early Tuesday morning. A joint team, comprising DRG, CRPF, CoBRA, and SOG, conducted the operation based on intelligence about Maoists' presence in the Kularighat reserve forest.
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President Donald Trump signed an executive order withdrawing the US from the WHO, citing mishandling of the COVID-19 pandemic and financial disparities. The order ceases US contributions, impacting global health programs. This marks Trump's second attempt, now to be completed in 12 months. The withdrawal could destabilize efforts against infectious diseases.
The Islamic Emirate of Afghanistan considers this exchange a good example of resolving issues through dialogue and extends special gratitude to the brotherly nation of Qatar for its effective role in this process, the foreign ministry said in a statement.
A fire broke out at MetroChem API Pvt Ltd in Jawaharlal Nehru Pharma City, Anakapalli, on Tuesday morning. It started in the effluent treatment plant at 6:30 am. Fire tenders quickly responded and extinguished the flames within 20 minutes. No injuries were reported. Authorities will investigate the cause of the fire.
Usha Vance, wife of US Vice President JD Vance, impressed fashion enthusiasts at Donald Trump's inaugural events. She wore a custom noir velvet gown, a strapless dress, and a cashmere coat designed by renowned designers Oscar de la Renta, Gaurav Gupta, and Sergio Hudson, showcasing her Indian heritage and sophisticated fashion sense.
A woman's nomination for the Erode east assembly bypoll was rejected after two independent candidates challenged her eligibility, stating she was listed as a voter in Karnataka. The Chief Electoral Officer confirmed her disqualification, reducing the number of candidates from 47 to 46. Election officials verified the information before making the final decision.
President Trump mandated federal workers return to in-office work and weakens job protections for civil servants, reversing pandemic-era remote work trends. He aims to replace long-serving employees with loyalists, potentially driving top talent away and risking lower service quality.
Senior BJP MP Anurag Thakur said that BJP's policies reflect Dr. BR Ambedkar's ideologies, emphasising the implementation of the Uniform Civil Code to ensure equality. He criticised Congress for amending the Constitution for political gains and accused them of disrespecting Ambedkar's contributions throughout history.
Donald Trump, the newly sworn-in US President, asked troops in South Korea about North Korean leader Kim Jong Un during a video conference at the inaugural ball. Trump highlighted his unusual rapport with Kim despite referring to him as a 'tough cookie' with 'bad intentions.' The interaction sparked various reactions online, ranging from disbelief to laughter.
Donald Trump's second-term inauguration was held indoors at the Capitol Rotunda due to cold weather, featuring a mix of close encounters among political figures and top tech leaders. Notable attendees included Elon Musk, Bernie Sanders, and several former presidents. The event's atmosphere mixed protocol with personal dynamics, reflecting lingering political tensions from the past. (AP)
Canadian ministers are prepared to retaliate against potential 25% tariffs on Canada and Mexico proposed by President Donald Trump. They warned of negative impacts on American jobs and supply chains. Canada's Foreign Minister Joly and Finance Minister LeBlanc highlighted efforts to prevent and respond to these tariffs, noting the significant trade between the countries.
At Donald Trumps 2017 inauguration, Mark Zuckerberg was photographed seemingly staring at Jeff Bezos fiance, Lauren Sanchez. The image went viral, sparking amusement and becoming a new meme template. A video later clarified the briefness of Zuckerberg's glance, highlighting social media's nature of amplifying fleeting moments.
President Trump warned BRICS nations that they face 100 per cent tariffs on trade with the US if they continue de-dollarization efforts. Trump insisted America has leverage over BRICS.
The Canadian Food Inspection Agency has recalled six egg brands due to potential salmonella contamination. Consumers should discard or return the eggs to the point of purchase. The affected brands include Golden Valley, Compliments, Foremost, IGA, No Name, and Western Family. Check the CFIA website for specific lot numbers and details.
Mumbai police recreated the crime scene with the accused in the knife attack on actor Saif Ali Khan. A 20-officer team visited several locations tied to the suspect, Shariful Islam Shehzad Mohammad Rohilla Amin Fakir, who was arrested in Thane. Khan required surgery after the January 16 attack.