In an attempt to further strain relations between the US and India, President Donald Trump's administration is considering imposing tariffs on India's IT sector. This includes taxes on remote IT workers and restrictions on the H-1B visa program. The decision, if taken, could significantly impact both countries' economies and could lead to higher costs and slower innovation in the tech industry.
Uttar Pradesh Chief Minister Yogi Adityanath announced that all teachers, including Shiksha Mitras, instructors, and cooks, will now be eligible for cashless medical treatment. This facility will cover approximately nine lakh teachers, or nine lakh families. The CM also announced the formation of a high-level committee to consider increasing allowances for Shiksha Mitras and instructors, acknowledging their significant contributions to the mission of education. He emphasized that teachers are not only knowledge providers but also builders of the nation's foundation and their respect and welfare remain the government's priority. Initiatives like Operation Kayakalp and Project Alankar have significantly improved the condition of schools in the state under his leadership, disproving the negative propaganda against education in Uttar Pradesh.
Tesla's board has proposed a new compensation plan for CEO Elon Musk that could potentially make him the world's first trillionaire. This plan, which is tied to Musk's ability to transform Tesla into a technology and AI-driven company, would require him to increase the company's market valuation eightfold over the next decade. With this proposal, Musk's leadership and long-term vision for Tesla will be put to the test, as shareholders will need to approve the plan before it can be put into action.
In celebration of Teachers' Day, Uttar Pradesh Chief Minister Yogi Adityanath has announced that his government will provide cashless medical treatment to all teachers in the state. This decision will benefit approximately nine lakh families and will include teachers from all levels of education. Adityanath also paid tribute to former President Dr Sarvepalli Radhakrishnan on his birth anniversary, highlighting his contributions to Indian culture and education. This announcement has been made as a gesture of appreciation and support for the hardworking teachers of Uttar Pradesh.
In an exclusive interview, Indian Finance Minister Nirmala Sitharaman reveals that the government is working on a package to support exporters affected by US tariffs. She emphasizes the need to help exporters navigate the challenges of facing new markets and expresses hope that recent tax reforms will mitigate the impact of the tariffs on the country's GDP. The government has also voiced its opposition to the "unfair and unreasonable" tariffs imposed by the US.
GrabFood, a popular food delivery platform in Thailand, has joined forces with Shake Shack to offer a limited-time menu with a Thai twist. Co-created by the "World's Best Female Chef 2025" and featuring classic American dishes, the menu will be available from May 7 to July 6 at all Shake Shack locations in Bangkok and for delivery on the Grab app. This collaboration is part of Grab's efforts to provide exclusive culinary experiences for its users, with the code "SS50" offering 50 baht off for orders from the collaboration menu. Don't miss the chance to try these delicious and unique dishes!
In a recent interview, Finance Minister Nirmala Sitharaman stated that the government will stick to its budgetary planning and fiscal glide path despite the latest GST rate rationalisation. The changes in GST rates, which are expected to lead to a revenue loss of Rs 48,000 crore, will not affect the government's capital expenditure plans. Data shows that India's fiscal deficit in April-July 2025 has already reached 29.9%, with a sharp rise in capital spending suggesting strong progress towards achieving the targeted fiscal deficit of 4.4% by 2025-26.
US President Donald Trump has claimed that "India kills the US with tariffs" while speaking about his decision to impose levies on various countries. He also pointed out that due to tariffs, India has made concessions on the charges it imposes on US imports. The US federal appeals court recently declared most of Trump's tariff actions as illegal, which Trump believes is because other countries are taking advantage of the US. However, he has vowed that this will not happen anymore.
In a move to regulate unregistered online platforms, Nepal has ordered the blocking of 26 major social media platforms, including Facebook, WhatsApp, and YouTube. This decision comes after a Cabinet decision in August and a Supreme Court directive. Companies are required to register and secure a license within three months in order to operate within Nepal's jurisdiction.
The Goods and Services Tax (GST) Council in India held a 10-hour meeting where they announced a broad two-slab structure of 5% and 18% with a demerit rate of 40% for super luxury, sin, and demerit goods. The reforms aim to lower tax burden, ease blocked working capital, and improve ease of doing business. These changes will come into effect on September 22, benefiting common people, farmers, MSMEs, and middle-class citizens. The decision also includes sweeping rate cuts for common-use items, white goods, and automotive parts as well as a lower GST for health and physical well-being services.