Karishma Sanjay Pathare

Finance Minister Nirmala Sitharaman discussed the Budget’s impact on the economy, emphasizing tax relief for honest taxpayers. She highlighted schemes for agriculture, start-ups, and infrastructure to boost growth. Concerns over inflation, privatization, and fiscal consolidation were addressed, with assurances of sustained public sector expenditure and efforts to widen the tax base.

In the high-profile clash between Hindenburg Research and the Adani Group, the latter is arguably the winner because the combination of financial clout and political power appeared too hard for Hindenburg to overcome

A United Airlines flight from Houston to New York was evacuated after the plane caught fire on the runway due to an engine issue. Passengers were safely evacuated, and no injuries were reported. The flight was rescheduled for a later time, and a replacement aircraft was arranged. The FAA is investigating the incident.

Former UK PM Rishi Sunak visited Parsee Gymkhana in Mumbai, marking the club's 140th anniversary. He played cricket with local boys and interacted with gymkhana members. Sunak, of Indian origin, noted the historical significance of the venue and the gymkhana's acquisition from the colonial government.

Short-term point: consumption’s economic multiplier effect lower than capex’s. Long-term point: smaller income taxpayer base means GST rates will remain high, social contract between elite and govt will weaken

The Department of Government Efficiency, led by Elon Musk, has gained access to sensitive Treasury data, raising concerns about potential misuse. Senator Ron Wyden warned of possible manipulation of payment systems, while Musk defended the team's actions, alleging approval of payments to fraudulent and terrorist groups.

Parliament is set for a contentious session on Monday with the tabling of the Joint Parliamentary Committee report on the Waqf (Amendment) Bill in Lok Sabha. Clashes between BJP and opposition members have already marked the committee's deliberations, with further heated debates expected.