EY employee’s death, US Fed rate cut, J&K polls, Canada reduces study permits

The US Fed has cut interest rates by 50 basis points, marking its first cut since 2020. However, it may not have a significant impact on foreign inflows into India, according to India’s Chief Economic Advisor. Today, Prime Minister Narendra Modi addressed a poll rally in Srinagar. He urged people to vote in large numbers and strengthen the ‘festival of democracy’.