Highlights: Trump has blown the lid off the illusion, India must build resilient economy, says Rahul
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Lok Sabha LoP Rahul Gandhi (Photo: PTI)
Leader of the Opposition in Lok Sabha, Rahul Gandhi, has joined the party's ongoing 'Palayan Roko, Naukri Do' padyatra in Bihar's Begusarai district on Monday. The top court has agreed to consider listing petitions challenging the constitutional validity of the Waqf (Amendment) Act, 2025. A bench headed by Chief Justice Sanjiv Khanna took note of the submissions of senior advocate Kapil Sibal, appearing for Jamiat Ulama-i-Hind, that the petitions needed to be listed for urgent hearing.
Police have arrested the secretary of the Servants of India Society, the parent body of the prestigious Gokhale Institute of Politics and Economics (GIPE) here, for alleged misappropriation of funds and cheating, an official said. Milind Deshmukh was arrested on Saturday on a complaint by GIPE's deputy registrar Vishal Gaikwad, the Deccan Gymkhana police station official said on Sunday. "Funds of Rs 1.5 crore belonging to GIPE were allegedly diverted for the purchase of land for the Servants of India Society (SIS). The alleged misappropriation took place in 2022-23. Deshmukh has been booked under IPC sections 406, 420 and 34 for criminal breach of trust, cheating and other offences," the official said.
The National Rally, Marine Le Pen's party, organized a protest where thousands of supporters gathered at Place Vauban, near the golden dome of Les Invalides and the tomb of Napoleon, in response to what it calls a politically motivated verdict. Far-right politician Marine Le Pen has been convicted of embezzling public funds and banned from running for office. At the heart of that charge stood Jordan Bardella, Le Pen's 29-year-old protg and president of the National Rally. His speech was fiery, accusing France's judges of trying to silence the opposition. March 29 was a dark day for France, he said, referencing the date of Le Pen's conviction.
A second unvaccinated child has died from measles in Texas, as the United States confronts its worst outbreak of the disease in more than 30 years. The school-aged child, with no underlying conditions, died from complications while hospitalised, according to the University Medical Center (UMC) Health System in Lubbock.
11:02 PM
Panel to monitor diversion of goods by neighbours to India
The Centre has set up an inter-ministerial panel to closely monitor imports hitting domestic shores, amid fears of diversion of shipments from neighbouring nations such as China, Vietnam, Thailand and Indonesia towards India, people aware of the matter said. This is because the United States (US) has imposed higher reciprocal tariffs on these countries compared to India’s 26 per cent.
9:54 PM
China's growth driven by unfair trade practices: Piyush Goyal
China’s rapid economic growth has largely been built on unfair trade practices, and it’s time for the global community to restore fairness in international trade, said Union Minister of Commerce and Industry, Piyush Goyal at the India Global Forum on Sunday.
9:41 PM
Centre receives demand for 15K e-buses from three states
Under the PM e-Bus Sewa-Payment Security Mechanism (PSM) scheme, three states, namely Gujarat, Telangana and Karnataka, have placed requests with the Centre for 15,000 electric buses (e-buses) at a subsidised price. India aims to deploy 50,000 e-buses by 2030, with a focus on nine major cities and seven states — Gujarat, Telangana, Karnataka, Delhi, Maharashtra, Tamil Nadu and West Bengal — under the National Electric Bus Program (NEBP), which was launched in 2022.
9:41 PM
Indian firms with FDI ban can issue bonus shares to existing non-resident shareholders
The government on Monday clarified that any Indian company engaged in a sector where foreign direct investment (FDI) is prohibited can issue bonus shares to its pre-existing non-resident shareholders.
9:40 PM
Excise duty on petrol, diesel raised by ~2 after 34 mths
The Union government on Monday hiked excise duty on both petrol and diesel by ~2 per litre each after a gap of 34 months but the latest hike will be absorbed by oil marketing companies (OMCs). On the other hand, in what is seen as a good news for consumers, Petroleum and Natural Gas Minister Hardeep Singh Puri said that retail rates of both the fuels may be slashed going forward if the low international prices hold.
9:40 PM
Narayana launches preventing screening programme ‘Aarogyam’
Narayana Health has launched a preventive screening programme named “Aarogyam” at Bengaluru’s information technology (IT) corridor to enable professionals to get quick health checkups.
8:31 PM
Piramal Finance gets RBI nod to operate as NBFC-ICC
The Reserve Bank of India (RBI) has granted approval to Piramal Finance, formerly Piramal Capital & Housing Finance) to start its business of Non-Banking Financial Institution – Investment & Credit Company (NBFC-ICC) without accepting public deposits, Piramal Enterprise said in its exchange filing on Monday.
After receiving the Certificate of Registration (CoR) to operate as Piramal Finance, the company will stop conducting its business as a Housing Finance Company (‘HFC’) and has accordingly surrendered the HFC Certificate of Registration.
7:14 PM
CCI seeks evidence in complaint against q-com companies
The Competition Commission of India (CCI) has sought additional information from the All India Consumer Products Distributors Federation (AICPDF) on its complaint against quick commerce companies, according to people in the know. The AICPDF had filed a complaint with CCI on behalf of its president, Dhairyashil Patil, against Blinkit, Zepto, and Instamart last month.
7:00 PM
Rupee erases 2025 gains, logs steepest single day decline in 26 months
The rupee logged its steepest single-day decline in around 26 months amid global trade war tensions, erasing all its gains of 2025. Fears over global trade tensions escalated after China implemented retaliatory tariffs on US goods.
6:59 PM
Naidu write to Goyal to save shrimp farmers, bats for India-EU FTA
Andhra Pradesh Chief Minister late Sunday evening urged the Centre to stand by the southern state’s “aqua sector”, especially farmers engaged in shrimp cultivation and exports, which he said is set to suffer losses because of the 26 per cent reciprocal tariff that the United States has imposed on seafood exports from India.
6:59 PM
HoABL denies forgery allegations by Macrotech, files police complaint
Abhinandan Lodha’s House of Abhinandan Lodha (HoABL) has “strongly” denied forgery accusations by his elder brother’s firm Macrotech Developers (Lodha), and has filed a police complaint against unknown people to investigate the allegations against the company.
6:58 PM
Trade war trips India markets
The market selloff, sparked by concerns over a trade war and a potential US recession, deepened on Monday, as the benchmark Sensex and Nifty registered their largest single-day decline in 10 months. During early trading, both indices plummeted by 5 per cent each—the sharpest percentage drop since the Covid-impacted March of 2020—while stock market tickers flashing vivid red, echoing memories of the pandemic era.
6:58 PM
Results preview: Banks’ net profit likely to fall 4% Y-o-Y in Q4
Net profit of 19 listed banks is likely to decline by 4 per cent year-on-year (Y-o-Y) for the quarter ended March (Q4FY25) mainly due to pressure on net interest margins (NIM) as a result of rate cut by the Reserve Bank of India (RBI), according to analysts’ estimates.
4:54 PM
BJD MP Muzibulla Khan demands action against party RS leader Sasmit Patra
Biju Janata Dal (BJD) Rajya Sabha MP Muzibulla Khan on Monday demanded action against the party's leader in the Upper House of Parliament, Sasmit Patra, for allegedly changing the regional outfit's official decision to vote against the Waqf Bill. Khan met BJD president Naveen Patnaik here and accused Patra of maintaining "double standards". He said those who voted in support of the Waqf Bill should join the BJP.
4:51 PM
People should say ‘cut' to Suresh Gopi: Kerala Minister Ganesh Kumar
Launching a sharp attack on Union Minister Suresh Gopi for his recent controversial remarks, Kerala Transport Minister K B Ganesh Kumar on Monday said it is the people—not anyone else—who should say "cut" to the actor-turned-politician. Responding to a question about Gopi's outburst at mediapersons outside Kochi airport recently, Ganesh Kumar stated, "I'm not the director to say 'cut' to Suresh Gopi. Action and reaction are personal choices. But in the end, it's the public who should say, ‘Cut'.
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First Published: Apr 07 2025 | 9:06 AM IST
