Category: India

  • MIL-OSI Banking: Underwriting Auction for sale of Government Securities for ₹30,000 crore on June 13, 2025

    Source: Reserve Bank of India

    Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on June 13, 2025 (Friday).

    As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary Dealer (PD), are as under:

    (₹ crore)
    Security Notified Amount MUC amount per PD Minimum bidding commitment per PD under ACU auction
    6.79% GS 2031 11,000 262 262
    6.98% GOI SGrB 2054 5,000 120 120
    7.09% GS 2074 14,000 334 334

    The underwriting auction will be conducted through multiple price-based method on June 13, 2025 (Friday). PDs may submit their bids for ACU auction electronically through Core Banking Solution (E-Kuber) System between 09:00 A.M. and 09:30 A.M. on the day of underwriting auction.

    The underwriting commission will be credited to the current account of the respective PDs with RBI on the day of issue of securities.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/531

    MIL OSI Global Banks

  • Israeli fire kills 60 in Gaza, many near aid site, medics say

    Source: Government of India

    Source: Government of India (4)

    Israeli gunfire and airstrikes killed at least 60 Palestinians in Gaza on Wednesday, most of them near an aid site operated by the U.S- and Israeli-backed Gaza Humanitarian Foundation in the centre of the enclave, local health officials said.

    Medical officials at Shifa and Al-Quds hospitals said at least 25 people were killed and dozens wounded as they approached a food distribution centre near the former Jewish settlement of Netzarim before dawn.

    Israel’s military, which has been at war with Hamas militants since October 2023, said its forces fired warning shots overnight towards a group of suspects as they posed a threat to troops in the area of the Netzarim Corridor.

    “This is despite warnings that the area is an active combat zone. The IDF is aware of reports regarding individuals injured; the details are under review,” it said.

    Later on Wednesday, health officials at Nasser Hospital in Khan Younis in the southern Gaza Strip said at least 14 people had been killed by Israeli gunfire as they approached another GHF site in Rafah.

    The GHF late on Wednesday accused Hamas of killing at least five people in an attack on a bus carrying two dozen Palestinians working with the aid organization to one of its distribution sites.

    “We will continue our mission to provide critical aid to the people of Gaza,” it said in a statement.

    The foundation earlier said it was unaware of Wednesday’s incidents involving civilians but added that it was working closely with Israeli authorities to ensure safe passage routes are maintained, and that it was essential for Palestinians to closely follow instructions.

    “Ultimately, the solution is more aid, which will create more certainty and less urgency among the population,” it said by email in response to Reuters questions.

    “There is not yet enough food to feed everyone in need in Gaza. Our current focus is to feed as many people as is safely possible within the constraints of a highly volatile environment.”

    GHF said it distributed 2.5 million meals on Wednesday, the largest single-day delivery since it began operations, bringing to more than 16 million the number of meals provided since its operations started in late May.

    Gaza’s Hamas-run health ministry says that since then, 163 Palestinians had been killed and over 1,000 wounded trying to obtain the food boxes.

    The United Nations has condemned the killings and has refused to supply aid via the foundation, which uses private contractors with Israeli military backup in what they say is a breach of humanitarian standards.

    Elsewhere in Gaza on Wednesday, its health ministry said at least 11 other people were killed by separate Israeli gunfire and strikes across the coastal enclave.

    The war erupted 20 months ago after Hamas-led militants took 251 hostages and killed 1,200 people, most of them civilians, on October 7, 2023, Israel’s single deadliest day.

    Israel’s military campaign has since killed nearly 55,000 Palestinians, most of them civilians, according to health authorities in Gaza, and flattened much of the densely populated strip, which is home to more than two million people. Most of the population is displaced and malnutrition is widespread.

    Israeli Prime Minister Benjamin Netanyahu said on Tuesday there had been “significant progress” in efforts to secure the release of the remaining hostages in Gaza, but that it was “too soon” to raise hopes that a deal would be reached.

    Two Hamas sources told Reuters they did not know about any breakthrough in negotiations.

    (Reuters)

  • MIL-OSI: Iterate.ai Raises $6.4 Million from Auxier Asset Management and eBags Board Alumni to Accelerate AI Expansion

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif. and DENVER, June 12, 2025 (GLOBE NEWSWIRE) — Iterate.ai, recently named one of the 20 Hottest AI Software Companies by CRN, has announced $6.4 million in funding led by Auxier Asset Management and with participation from Peter Cobb, Mike Edwards, and Dave Zentmyer. All four are former eBags board members.

    Jeff Auxier, founder of Auxier Asset Management, was a longtime board member at eBags, where he worked closely with Iterate.ai CEO Jon Nordmark. He’s joined by other eBags board veterans including Cobb (co-founder of eBags and Designer Brands (DSW) board director), Edwards (a seasoned retail executive and four-time CEO, including at eBags), and Zentmyer, former SVP of Lands’ End. Their collective involvement signals a powerful vote of confidence in Iterate’s AI growth journey as it expands distribution channels and introduces its key productivity solution, Generate Enterprise.

    The investors’ decision to collaborate once again with Nordmark and his CDTO/co-founder Brian Sathianathan reflects the strong trust and mutual respect established during their successful tenure together at eBags, which sold $1.65 billion worth of travel products before it was acquired.

    Before co-founding Iterate.ai with Sathianathan—who was a six-year member of Apple’s 60-person Secret Products Group that developed the first iPhone and is a patent holder on that groundbreaking product—Nordmark co-founded eBags in 1998 with Cobb. Cobb brings extensive experience scaling successful digital pure-play businesses, co-founding eBags (acquired by Samsonite) and 6pm.com (acquired by Zappos). He has served on the boards of publicly traded companies such as Designer Brands (DSW), and spent a decade as board director for the National Retail Federation and its digital predecessor, Shop.org.

    “Iterate.ai’s approach to AI innovation is not only forward-thinking but also pragmatic, ensuring real-world application and success for enterprises,” said Cobb. “Look at how Iterate partnered with Intel to pioneer AI inference processing using CPUs on the Edge.” The company’s method of building technologies recently earned it a spot in Fast Company’s Best Workplaces for Innovators and recognition from the Colorado Technology Association as Colorado’s top technology company.

    Edwards is a seasoned CEO and board chairman with over 35 years of leadership experience spanning public and private companies across industries such as digital commerce, consumer-tech AI, and CPG brands. A trusted investor and independent director with SEC financial expertise, he brings a wealth of strategic insight. His leadership roles include CEO of eBags (following Nordmark), as well as Lucy (acquired by VF), Hanna Andersson, and Borders, where he was appointed by Ben Lebow and Bill Ackman. Earlier in his career, Edwards served as EVP at Staples and CompUSA, following his graduation from Drexel University, where he is now a trustee.

    “Iterate.ai recognized the transformational opportunity of AI in 2015 when it added the dot AI to its name, and customers like Ulta Beauty and Pampered Chef have been benefiting from Iterate’s cutting-edge technology for years,” said Edwards, strategic investor, Iterate.ai. “This is an incredibly smart team with a clear vision for how businesses can adopt next-gen AI effectively and securely—while outpacing and outmaneuvering competitors with innovative applications. I’m excited to help Iterate write the next chapter in the company’s story.”

    Zentmyer—a former SVP of Lands’ End—helped build that company’s revenues from $10 million to a few billion after earning his MBA from Stanford University. “Iterate spent the past 18 months establishing partnerships with hardware providers like NVIDIA, Qualcomm, Intel, and distributors/resellers like TD SYNNEX that will help Iterate architect a rollout at scale,” said Zentmyer. “Building those partnerships is a tremendous feat because each of those Big Tech firms has a significant vetting process.”

    With their track records, Auxier, Cobb, Edwards, and Zentmyer are well-positioned to offer valuable guidance and help Iterate.ai refine operational strategies, expand into new channels, and unlock the vast market potential of its patented solutions—further strengthening its presence in key industry verticals.

    “This AI PC revolution is underway—analysts project over 100 million AI PCs will ship by 2025—and we’ve meticulously optimized Generate across Intel’s CPUs, GPUs, and NPUs to harness that on-device performance and efficiency,” said Sathianathan. “At the same time, we’re evolving Generate Enterprise into a unified, one-stop platform for agent building with a no-code interface and air-gapped, secure document RAG—complete with built-in vector databases and seamless integration into large-scale enterprise storage environments.”

    Iterate.ai offers an AI platform and four distinct AI products, including its newest product, Generate. Generate is an AI Assistant that can run entirely on an AI PC, even without an internet connection.

    Iterate’s low-code AI platform, Interplay, empowers traditional enterprises and Big Tech to rapidly build and scale AI solutions. With Interplay, Iterate creates its own innovative products, like Generate. Leading companies, including Ulta Beauty, Circle K, Hughes, FUJIFILM, MUFG, e.l.f. Cosmetics and Pampered Chef, leverage Interplay to enhance operational efficiency, develop custom AI-powered social media managers, implement deep-learning-based OCR, and tackle many other advanced AI initiatives.

    “I’ve known each of these leaders for at least twenty years. Each brings a wealth of practical experience and strategic insight to fuel Iterate’s growth,” said Nordmark. “We couldn’t be more excited to welcome Mike, Dave, Peter, and the Auxier group as investors and strategic advisors.”

    About Iterate.ai

    Iterate.ai is at the forefront of empowering businesses with state-of-the-art AI solutions, like Generate and its AI low-code platform, Interplay. Interplay is cloud-agnostic and can run AI on the edge and in secure private environments. With seven patents granted (including “drag-and-drop AI”) and nearly a dozen more pending, Iterate.ai’s platform offers corporate innovators a low-risk, systematic way to scale in-house, near-term digital innovation initiatives. With its largest offices in San Jose, CA and Denver, CO, Iterate.ai has a global presence with other offices in North America (Texas, Washington, Arizona), Europe (Stockholm), and Asia (India, Sri Lanka, Singapore).

    Contact
    Kyle Peterson
    kyle@clementpeterson.com

    The MIL Network

  • MIL-OSI Banking: Inoperative Accounts/ Unclaimed Deposits in Banks – Revised Instructions (Amendment) 2025

    Source: Reserve Bank of India

    RBI/2025-26/52
    DOR.SOG(LEG).REC/32/09.08.024/2025-26

    June 12, 2025

    All Commercial Banks (including RRBs) and all Co-operative Banks

    Madam/ Dear Sir

    Inoperative Accounts/ Unclaimed Deposits in Banks – Revised Instructions (Amendment) 2025

    As per instructions, issued vide circular DOR.SOG (LEG).REC/64/09.08.024/2023-24 dated January 1, 2024 (hereinafter called the extant instructions), the credit balance in any deposit account maintained with banks, which have not been operated upon for ten years or more, or any amount remaining unclaimed for ten years or more, as mentioned in paragraph 3(iii) of the “Depositor Education and Awareness” (DEA) Fund Scheme, 2014, are required to be transferred by banks to DEA Fund maintained by the Reserve Bank of India. There is a need to enable Business Correspondents to facilitate updation of KYC.

    2. Accordingly, in exercise of the powers conferred by sections 35A of the Banking Regulation Act, 1949 read with sections 26A, 51 and 56 of the Act ibid and all other provisions of this Act or any other laws enabling Reserve Bank to issue instructions in this regard, these instructions are being issued to amend the extant instructions as given hereunder.

    3. (i) These instructions shall be called the Inoperative Accounts/ Unclaimed Deposits in Banks – Revised Instructions (Amendment), 2025.

    (ii) The amended instructions shall come into force with immediate effect.

    4. In the extant instructions, the paragraph 6.1 is hereby substituted by the following, namely:

    “6.1 A bank shall make available the facility of updation of KYC for activation of inoperative accounts and unclaimed deposits at all branches (including non-home branches). Further, a bank shall endeavour to provide the facility of updation of KYC in such accounts and deposits through Video-Customer Identification Process (V-CIP). The V-CIP related instructions under Master Direction – Know Your Customer (KYC) Direction, 2016 dated February 25, 2016 (as updated from time to time) shall be adhered to by the bank. Additionally, the services of an authorised Business Correspondent of the bank may be utilized for activation of inoperative accounts as prescribed in paragraph 38(a)(iia) of the above Master Direction.”.

    Yours faithfully

    (Usha Janakiraman)
    Chief General Manager-in-Charge

    MIL OSI Global Banks

  • MIL-OSI Banking: Updation/ Periodic Updation of KYC – Revised Instructions

    Source: Reserve Bank of India

    RBI/2025-26/53
    DOR.AML.REC.31/14.01.001/2025-26

    June 12, 2025

    The Chairpersons/ CEOs of all the Regulated Entities

    Dear Sir/ Madam,

    Updation/ Periodic Updation of KYC – Revised Instructions

    Please refer to instructions on updation/ periodic updation of KYC as contained in paragraph 38 of Master Direction – Know Your Customer (KYC) Direction, 2016 dated February 25, 2016 (as amended from time to time).

    2. The Reserve Bank has observed a large pendency in periodic updation of KYC including in the accounts opened for credit of Direct Benefit Transfer (DBT)/ Electronic Benefit Transfer (EBT) under Government schemes to facilitate credit of DBTs and/ or scholarship amount (DBT/ EBT/ scholarship beneficiaries) and accounts opened under PMJDY.

    3. In order to further ease the process for the convenience of customers, the instructions regarding updation/ periodic updation of KYC have been amended with the intent, inter alia, to allow BCs to facilitate in the process of KYC updation vide Reserve Bank of India (Know Your Customer (KYC)) (Amendment) Directions, 2025. Similar amendments related to inoperative accounts and unclaimed deposits have been made vide circular DOR.SOG(LEG).REC/32/09.08.024/2025-26 dated June 12, 2025.

    4. Further, the banks are advised to organize camps and launch intensive campaigns including special camps, focusing on periodic updation of KYC, especially in rural and semi urban branches and the branches having large pendency in periodic updation of KYC. The banks may also facilitate the process of activation of such accounts by taking an empathetic view as indicated in the circular DoS.CO.PPG.SEC.12/11.01.005/2024-25 dated December 2, 2024.

    5. It is mentioned that over the last few years, the instructions on customer onboarding and updation/ periodic updation of customers’ KYC have been simplified and detailed in the Master Direction ibid. A brief compilation of such instructions is enclosed in the Annexure for ready reference.

    Yours faithfully,

    (Usha Janakiraman)
    Chief General Manager-in-Charge


    Annexure

    (Circular ref. DOR.AML.REC.31/14.01.001/2025-26, dated June 12, 2025 on Updation/ Periodic Updation of KYC– Revised Instructions)

    The Master Direction – Know Your Customer (KYC) Direction, 2016 dated February 25, 2016 (as amended from time to time) instructs the Regulated Entities (REs), including banks, that the customers’ KYC Identifier shall be the first reference point for the purpose of establishing an account-based relationship or for verification of identity of customers. Accordingly, while onboarding customer, the REs shall download customers’ KYC records online from CKYCR with customer’s consent without requiring him/ her to submit the same records again, unless there is a change in records available with CKYCR.

    The processes of onboarding customer and updation/ periodic updation of KYC have been simplified and the same are given below:

    A. Face-to-face mode for onboarding the customer

    1. Customer may be onboarded in face-to-face mode through Aadhaar biometric based e-KYC authenticating and, in such case, if customer wants to provide a current address, different from the address as per the identity information available in the UIDAI database (i.e., Central Identities Data Repository), he may give a self-declaration to that effect to the RE (ref. paragraph 16 of the Master Direction on KYC).

    2. Further, Digital KYC process is also allowed for customer onboarding.

    B. Non-face-to-face (NFTF) modes for onboarding the customer

    1. Consent-based onboarding of customer in NFTF mode may be done using Aadhaar OTP based e-KYC authentication which is subject to certain conditions (ref. paragraph 17 of the Master Direction on KYC). Further, such account shall be placed under strict monitoring, and Customer Due Diligence (CDD) procedure shall be completed within a year.

    2. Customer onboarding in NFTF mode using digital modes such as KYC Identifier, equivalent e-documents, documents issued through DigiLocker, and non-digital modes such as obtaining copy of OVD certified by additional certifying authorities as allowed for NRIs and PIOs are subject to certain conditions (ref. paragraph 40 of the Master Direction on KYC).

    C. Customer onboarding using Video based Customer Identification Process (V-CIP)

    1. V-CIP is an alternate method of CDD by an authorised official of the RE by undertaking seamless, secure, live, informed and consent based audiovisual interaction with the customer to obtain identification information required for CDD purpose (ref. paragraph 18 of the Master Direction on KYC).

    2. V-CIP is treated on par with face-to-face onboarding.

    D. Simplified process of updation and periodic updation of KYC

    1. Self-declarations – REs are allowed to obtain self-declaration regarding “no change in KYC information” or “a change only in address details” from customers using digital and non-digital modes, through customer’s email / mobile number registered with the RE, ATMs, digital channels (such as online banking / internet banking, mobile application of RE), letter, BCs, etc.

    2. The updation/ periodic updation of KYC records are allowed to be carried out at any branch of the RE with which customer maintains the account.

    3. Aadhaar OTP based e-KYC and V-CIP are permitted for the purpose of updation/ periodic updation of KYC.

    4. The REs have been directed to update customers’ KYC information/ records based on the update notification received from CKYCR.

    MIL OSI Global Banks

  • EAM Jaishankar’s Brussels visit reinforces India’s ties with EU, Belgium

    Source: Government of India

    Source: Government of India (4)

    External Affairs Minister Dr. S. Jaishankar concluded a three-day official visit to Brussels from June 9 to 11, reinforcing India’s deepening ties with both the European Union and Belgium.

    In a major boost to India-EU relations, Jaishankar met European Commission President Ursula von der Leyen and European Parliament President Roberta Metsola, and co-chaired the first-ever India-EU Strategic Dialogue with EU High Representative and Vice-President Kaja Kallas.

    Jaishankar and von der Leyen reaffirmed their commitment to concluding a “balanced, ambitious, and mutually beneficial” Free Trade Agreement (FTA) by the end of 2025, according to a statement from the Ministry of External Affairs (MEA).

    Both sides expressed satisfaction with the progress of cooperation across sectors such as trade, technology, defence and security, mobility of skilled professionals, and connectivity. They also discussed preparations for the next India-EU Summit, agreeing to hold the next meeting of the India-EU Trade and Technology Council (TTC) before the summit.

    A key highlight of the visit was the Strategic Dialogue held on June 10, where Jaishankar and Kallas held wide-ranging discussions on enhancing collaboration in defence and security, counter-terrorism, maritime security, and cyber issues.

    They also reviewed the proposed India-EU Security and Defence Partnership, a Security of Information Agreement, and plans for a comprehensive Space Dialogue.

    The two sides also exchanged views on regional and global developments. The European Union strongly condemned the recent terrorist attack in Pahalgam and reiterated its support for India’s right to defend its citizens.

    During his engagements with European Commissioners, Jaishankar discussed key areas of cooperation. He reviewed progress on the FTA negotiations with Commissioner Maroš Šefčovič, explored space and defence industry collaboration with Commissioner Virginijus Sinkevičius, and discussed connectivity initiatives with Commissioner Jozef Sikela.

    The visit also saw the signing of an Administrative Arrangement for Trilateral Cooperation in development projects, aimed at leveraging the expertise of both India and the EU to support initiatives in third countries.

    Strengthening bilateral ties with Belgium was another major focus of the visit.

    Jaishankar met with Belgian Prime Minister Bart De Wever and reaffirmed India’s commitment to strengthening its close partnership with Belgium across a broad spectrum of areas.

    He also held delegation-level talks with the Deputy Prime Minister and Foreign Minister Maxime Prévot.

    The two sides reviewed ongoing collaborations and explored new opportunities in key sectors including semiconductors, renewable energy, pharmaceuticals, trade and investment, and security. Belgium reiterated its solidarity with India in the fight against terrorism.

    The visit came on the heels of the EU College of Commissioners’ visit to India and the Belgian Economic Mission to New Delhi, signaling growing momentum in India’s ties with Europe.

    According to the MEA, Jaishankar’s Brussels engagements marked “a significant step forward in reinforcing the vision for a future-oriented partnership” with both the EU and Belgium.

  • Dr. Srinivas Mukkamala becomes first person of Indian origin to lead American Medical Association

    Source: Government of India

    Source: Government of India (4)

    Dr. Srinivas Mukkamala, a Michigan-based otolaryngologist, has made history as the first person of Indian origin to be elected president of the American Medical Association (AMA). He will serve as the organization’s 180th president, the AMA said in a statement on Thursday.

    “To call this moment humbling doesn’t capture it,” Mukkamala said during the AMA’s annual meeting in Chicago. “It’s moving. It’s awe-inspiring.”

    Mukamala was diagnosed with a brain tumour in November 2024 following an MRI scan. He underwent surgery three weeks later, with doctors removing 90% of the 8-cm mass located in the left temporal lobe, according to the AMA.

    Speaking at the ceremony, Mukkamala said his recent health battle had deepened his commitment to improving healthcare access in the United States.

    “I benefited from the best treatment possible. But for many patients, the process is far more difficult, filled with questions about insurance coverage, cost of care, and delays in access,” he said.

    Mukkamala said the U.S. health system must rely on input from physicians across specialties and geographies. “It needs the AMA more than ever, with our profession speaking in one firm and commanding voice”, he added.

    The AMA’s House of Delegates, which met from June 6 to 11, also adopted a new policy promoting education on the health risks of ultraprocessed foods. The policy encourages medical schools to integrate nutrition training into curricula to help physicians better advise patients.

    The AMA, founded in 1847, is the largest association of physicians and medical students in the United States.

    ANI

  • Trump says willing to extend trade talks deadline, but says that won’t be necessary

    Source: Government of India

    Source: Government of India (4)

    U.S. President Donald Trump said on Wednesday he would be willing to extend a July 8 deadline for completing trade talks with countries before higher U.S. tariffs take effect, but did not believe that would be necessary.

    Trump told reporters before a performance at the Kennedy Center that trade negotiations were continuing with some 15 countries, including South Korea, Japan and the European Union.

    “We’re rocking in terms of deals,” he said. “We’re dealing with quite a few countries and they all want to make a deal with us.” He said he did not believe a deadline extension would be “a necessity.”

    Trump said the U.S. would send out letters in coming weeks specifying the terms of trade deals to dozens of other countries, which they could then embrace or reject.

    “At a certain point, we’re just going to send letters out … saying, ‘This is the deal. You can take it, or you can leave it,’” Trump said. “So at a certain point we’ll do that. We’re not quite ready.”

    U.S. Treasury Secretary Scott Bessent told lawmakers earlier that the Trump administration could extend the July trade deal deadline – or “roll the date forward” for countries negotiating in good faith, in certain cases.

    A 90-day pause in Trump‘s broadest, “reciprocal” tariffs will end on July 8, with only one trade deal agreed with Britain and some 17 others at various stages of negotiation.

    “It is highly likely that those countries – or trading blocs as is the case with the EU – who are negotiating in good faith, we will roll the date forward to continue the good-faith negotiations,” Bessent told the House Ways and Means Committee. “If someone is not negotiating, then we will not.”

    Bessent’s remarks marked the first time a Trump administration official has indicated some flexibility around the expiration date for the pause.

    Bessent reiterated the possibility of more negotiating time at a second hearing before the Senate Appropriations Committee on Wednesday, saying it was “my belief that countries that are negotiating in good faith could be rolled forward.”

    He said the European Union had previously been slower to come forward with robust proposals, but was now showing “better faith,” without providing specifics. Trump echoed that more upbeat view on Wednesday, saying, “They do want to negotiate.”

    A deal struck on Tuesday in London with China to de-escalate that bilateral trade war is proceeding on a separate track and timeline, with an August 10 deadline set last month.

    The president has been the final decision-maker on his administration’s tariff and trade policies, but Bessent’s influence has increased in recent months and the Treasury chief has been viewed by many trading partners as a moderating voice.

    Trump announced the pause on April 9, a week after unveiling “Liberation Day” tariffs against nearly all U.S. trading partners that proved to be so unexpectedly large and sweeping that it sent global financial markets into near panic.

    The S&P 500 Index plunged more than 12% in four days for its heftiest run of losses since the onset of the COVID-19 pandemic in early 2020. Investors were so rattled they bailed out of safe-haven U.S. Treasury securities, sending bond yields rocketing higher. The dollar sank.

    Markets started their recovery on April 9 when Trump unexpectedly announced the pause. The recovery continued in early May when the Trump team agreed to dial back the triple-digit tariff rates it had imposed on goods from China. Those events have given rise to what some on Wall Street have parodied as the “TACO” trade – an acronym for Trump Always Chickens Out.

    “The only time the market has reacted positively is when the administration is in retreat from key policy areas,” Democratic Representative Don Beyer of Virginia told Bessent before pressing him on what to expect when the July deadline expires.

    “As I have said repeatedly there are 18 important trading partners. We are working toward deals with those,” Bessent said before going on to signal a willingness to offer extensions to those negotiating in good faith.

    (Reuters)

  • Over 90 times rise in direct benefit transfer in just a decade: FM Nirmala Sitharaman

    Source: Government of India

    Source: Government of India (4)

    There has been more than 90 times rise in direct benefit transfer (DBT) in just a decade under the Prime Minister Narendra Modi-led government, Finance Minister Nirmala Sitharaman said on Thursday.

    Moreover, India leads the world in real-time payments, with more than Rs 260 lakh crore worth of transactions processed in 2024-25, informed Sitharaman on X.

    “From Rs 7,368 crore in 2013-14 to Rs 6.83 lakh crore in 2024-25, there has been a 90X+ rise in DBT transfer in just a decade under Prime Minister Modi’s leadership, ensuring that every rupee reaches to every citizen,” said FM Sitharaman.

    She further stated that India leads the world in real-time payments as “Rs 260+ lakh crore worth of transactions processed in 2024-25 and approximately 18,600 crore transactions by volume handled annually”.

    According to the Finance Minister, India’s tech journey over the last 11 years is nothing short of revolutionary.

    “India has transformed into a hub of digital innovation, tech-led governance, and global trust. From manufacturing to space tech, from digital payments to rural connectivity — the change is visible, impactful, and lasting,” she emphasised.

    But this isn’t just about devices and platforms — it’s about seamless governance, citizen empowerment, and building a tech-first ‘Viksit Bharat’, said FM Sitharaman.

    A staggering 55.44 crore Jan Dhan accounts have been opened in India, 56 per cent of which belong to women, and the total amount in these deposits has surpassed Rs 2.5 lakh crore as of May 21 this year, according to RBI Deputy Governor M. Rajeshwar Rao.

    In FY 2024-25, digital payments surged 35 per cent YoY by volume to 60.81 crore transactions per day, with UPI accounting for 83.73 per cent of such transactions. The extraordinary uptake of UPI stands as a testament to the power of collaborative and use-case-driven innovation in driving financial inclusion, Rao observed.

    (With inputs from IANS)

  • MIL-OSI: Aerospace and defense leaders are prioritizing digital continuity to tackle industry disruption

    Source: GlobeNewswire (MIL-OSI)

    Press contact: 
    Florence Lièvre
    Tel.: +33 1 47 54 50 71
    Email: florence.lievre@capgemini.com

    Aerospace and defense leaders are prioritizing digital continuity to
    tackle industry disruption

    • 77% of aerospace and defense leaders believe improving digital continuity will accelerate production ramp-up as it drives shorter time to market, with a 13% reduction on average
    • More than 8 out of 10 (86%) defense organizations recognize the need to integrate AI and gen AI in engineering and product development

     Paris, June 12 2025 – The Capgemini Research Institute’s latest report, ‘The strategic edge: How digital continuity drives business outcomes in aerospace and defense, published today, finds that digital continuity1– the seamless integration of data and information across all stages of the product lifecycle and linked to the external partner ecosystem – is emerging as a critical enabler of business transformation in the aerospace and defense (A&D) sector. Over 80% of A&D leaders surveyed view digital continuity as a driver of business transformation and a route to gaining a competitive advantage. In 2024, A&D organizations on average allocated a significant 2.1% of their annual revenue to these initiatives, to ramp up production, accelerate development cycles, reduce operational costs, and stay agile amid global pressures. In the context of rising costs, supply chain instability, and geopolitical movement, investments in digital continuity are expected to increase to 3.4% by 2028.

    “Digital continuity is a critical imperative for aerospace and defense organizations to thrive in today’s challenging and uncertain geopolitical environment. If it is embraced as a way of working, it will help organizations increase productivity and free up key resources from the waste created by disconnected systems and data. Ultimately, it enables operational excellence, reduces product development cycle times and fosters a collaborative culture, setting A&D players up for long-term success. Business leaders clearly recognize this and as a result have been ramping up their investments in these initiatives,” said Lee Annecchino, Global Industry Lead, Aerospace and Defense at Capgemini. “In order to leverage the full potential, A&D organizations must focus on building interoperability across systems, enabling robust data management and adopting a comprehensive change management strategy.”

    Digital continuity helps A&D organizations to ramp up quickly, driving many business benefits
    Nearly nine in 10 (86%) A&D executives agree that digital continuity is important to their organizations’ ramping-up strategies, and 77% believe that improving digital continuity will accelerate the process.

    Around a third (34%) of A&D organizations have already reduced costs with 13% cost reduction on average because of digital continuity. Thirty percent of A&D organizations have already realized shortened time to market and 18% have accelerated product development cycle times because of digital continuity, making it a top priority for investment.

    Defense organizations are better prepared to ramp up production
    According to the survey, 44% of defense organizations are prepared to ramp up production compared to just over a third of civil aerospace organizations. The readiness of defense organizations to ramp up production can be driven by geopolitical uncertainty and technological and infrastructure investment, including a more flexible manufacturing execution system (MES), and a more resilient supply chain. For example, 65% of defense organizations agree that their supply chain is adaptable to quickly changing customer demands, while only 45% of civil aerospace organizations believe the same.

    The report also finds that more than 8 out of 10 (86%) defense organizations recognize the need to integrate AI and generative AI in engineering and product development and over half (56%) to develop autonomous systems. However, less than half of the defense organizations are prepared to integrate AI (44%) and only 35% are prepared to develop autonomous systems.

    In order to thrive, A&D organizations must continually evolve in terms of skills, processes, technologies, security methods, and compliance policies concludes the report.

    Report Methodology
    In March 2025, the Capgemini Research Institute conducted a global survey to assess the maturity of digital continuity in aerospace and defense (A&D) organizations and the benefits achieved. The survey included 179 A&D organizations across 16 countries in Asia-Pacific, Europe, the Americas, and the Middle East. Over half (51%) of the participating organizations are headquartered in the United States. The survey sample also included 28 public sector or government organizations. All surveyed organizations have annual revenues exceeding $500 million, with the majority (56%) reporting revenues greater than $1 billion.

    About Capgemini
    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of €22.1 billion.

    Get The Future You Want | www.capgemini.com

    About the Capgemini Research Institute
    The Capgemini Research Institute is Capgemini’s in-house think-tank on all things digital. The Institute publishes research on the impact of digital technologies on large traditional businesses. The team draws on the worldwide network of Capgemini experts and works closely with academic and technology partners. The Institute has dedicated research centers in India, Singapore, the United Kingdom and the United States. It was ranked #1 in the world for the quality of its research by independent analysts for six consecutive times – an industry first.

    Visit us at https://www.capgemini.com/researchinstitute/


    1Digital continuity in A&D refers to the seamless integration of data and information across the product lifecycle including the external partner ecosystem; thus, ensuring a “single source of truth” that enhances collaboration and streamlines design, production, operations, and service through a strengthened feedback loop.

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    The MIL Network

  • Delhi farmers to play a key role in building Atmanirbhar Bharat: Shivraj Singh

    Source: Government of India

    Source: Government of India (4)

    As part of the ongoing Viksit Krishi Sankalp Abhiyan, Union Agriculture and Farmers’ Welfare Minister Shivraj Singh Chouhan visited Tigipur village on the outskirts of Delhi on Wednesday. The visit aimed to engage directly with farmers, promote the adoption of modern agricultural technologies, and gather ground-level feedback for shaping future agricultural policies.

    Chouhan, accompanied by Secretary (DARE) and ICAR Director General Dr. M.L. Jat and senior officials, participated in a Kisan Chaupal where he interacted with farmers on key issues like seed production, polyhouse farming, and high-value crop cultivation. He lauded the innovative efforts of local farmers and witnessed a live drone demonstration for pesticide and nutrient application.

    Emphasizing the importance of field-based research, Chouhan stated that scientists would now work closely with farmers to address real-time agricultural challenges. He noted that over the last 15 days, 2,170 ICAR teams had engaged with nearly 1.08 crore farmers nationwide.

    Highlighting concerns over declining soil fertility, Chouhan urged farmers to utilize Soil Health Cards and adopt sustainable farming practices. He also outlined the government’s focus on crop diversification, horticulture, and market-oriented agriculture, particularly in regions like Delhi with strong market linkages.

    Assuring better inclusion of Delhi’s farmers in central schemes, Chouhan announced the rollout of several initiatives, including PM-AASHA, RKVY, crop insurance, and subsidies for polyhouses, orchards, and agri-machinery. He called on the Delhi government to submit proposals to expedite implementation.

    He said, “Delhi’s farmers will now play a key role in building an Atmanirbhar Bharat (self-reliant India) and benefit from every Central Government scheme. Under the visionary leadership of Prime Minister Narendra Modi, we are committed to transforming both the destiny and the landscape of Delhi’s farmers.”

    The Minister reaffirmed the Centre’s commitment to farmers’ welfare and warned of strict action against the sale of counterfeit pesticides and fertilizers. “We will not allow anyone to exploit our farmers,” he declared.

    Chouhan’s visit comes ahead of the campaign’s grand finale in Bardoli, Gujarat, marking the culmination of a 15-day nationwide outreach aimed at transforming Indian agriculture under the vision of Prime Minister Narendra Modi.

  • India, EU committed to inclusive growth through FTA: Piyush Goyal

    Source: Government of India

    Source: Government of India (4)

    Union Commerce and Industry Minister Piyush Goyal on Thursday said that the proposed India-EU Free Trade Agreement (FTA) reflects a shared commitment to deepening economic ties and fostering inclusive growth across regions.

    Speaking at the India-Sweden High-Level Trade and Investment Policy Forum, Goyal underlined the potential for increased collaboration between India and Sweden. The forum was attended by members of the Confederation of Swedish Enterprises and leading Swedish and Indian businesses.

    “The joint paper on the proposed India-EU FTA, released at the event, underscores our collective commitment to strengthening economic ties and fostering inclusive growth. The India-Sweden partnership is a model of how two diverse economies can create mutual benefit through shared vision and cooperation. I look forward to translating these deliberations into concrete opportunities,” Goyal said.

    During his visit, Goyal also met Marie Sandin, Managing Director of Tetra Pak Sweden, and discussed ways to enhance cooperation in sustainable packaging solutions. The two sides explored opportunities for expanding research and development initiatives in India and strengthening capabilities in advanced equipment manufacturing.

    In an interaction with Swedish business leaders at a dinner reception hosted by the Sweden-India Business Council and the Embassy of India, Goyal highlighted India’s growing appeal as an investment destination. He cited the country’s steady progress in sustainable development and its Zero Defect, Zero Effect manufacturing philosophy as key drivers of economic opportunity.

    “I emphasised the remarkable progress India has made in technology, innovation, and R&D, backed by the strength of our skilled and talented workforce. I encouraged Swedish businesses to explore opportunities in India, where there is immense potential for collaboration and mutual growth,” he said.

    Goyal also participated in the concluding session of the Ministerial Meeting of the Indo-Swedish Joint Commission for Economic, Industrial and Scientific Cooperation, alongside Sweden’s Minister for International Development Cooperation and Foreign Trade, Benjamin Dousa. The ministers discussed how capital, talent, and technology exchanges continue to shape the strategic partnership between the two countries, with science and innovation at the forefront.

    IANS

  • Marco Rubio marks Russia Day, reaffirms calls for peace with Ukraine

    Source: Government of India

    Source: Government of India (4)

    The United States supports Russians’ aspirations for a brighter future, Secretary of State Marco Rubio said on the occasion of Russia Day, reaffirming a desire for constructive engagement in efforts to bring about peace in the war with Ukraine.

    The Russia Day holiday marks the country’s 1990 declaration of sovereignty, more than a year before the collapse of the Soviet Union.

    “The United States remains committed to supporting the Russian people as they continue to build on their aspirations for a brighter future,” Rubio said in a statement on the State Department website.

    “We also take this opportunity to reaffirm the United States’ desire for constructive engagement with the Russian Federation to bring about a durable peace between Russia and Ukraine,” he added.

    “It is our hope that peace will foster more mutually beneficial relations between our countries.”

    On Wednesday, Russian news agencies said Moscow’s new ambassador to the United States, Alexander Darchiev, pledged to work to fully restore ties with Washington as he formally presented his credentials to President Donald Trump.

    Ties between Moscow and Washington have improved since Trump took office, as the two discuss a possible resolution to the Ukraine conflict.

    (Reuters)

  • Solar Orbiter spacecraft obtains first images of the sun’s poles

    Source: Government of India

    Source: Government of India (4)

    The robotic Solar Orbiter spacecraft has obtained the first images ever taken of our sun’s two poles as scientists seek a deeper understanding of Earth’s host star, including its magnetic field, its 11-year cycle of activity and the solar wind.

    The European Space Agency on Wednesday released images taken in March using three of Solar Orbiter’s onboard instruments. They show the sun’s south pole from a distance of roughly 40 million miles (65 million km), obtained at a period of maximum solar activity. Images of the north pole are still being transmitted by the spacecraft back to Earth.

    Solar Orbiter, developed by ESA in collaboration with the U.S. space agency NASA, was launched in 2020 from Florida.

    Until now, all the views of the sun have come from the same vantage point – looking face-on toward its equator from the plane on which Earth and most of the solar system’s other planets orbit, called the ecliptic plane.

    Solar Orbiter used a slingshot flyby around Venus in February to get out of this plane to view the sun from up to 17 degrees below the solar equator. Future slingshot flybys will provide an even better view, at beyond 30 degrees.

    “The best is still to come. What we have seen is just a first quick peek,” said solar physicist Sami Solanki of the Max Planck Institute for Solar System Research in Germany, who heads the scientific team for the spacecraft’s Polarimetric and Helioseismic Imager instrument.

    “The spacecraft observed both poles, first the south pole, then the north pole,” Solanki said. “The north pole’s data will arrive in the coming weeks or months.”

    Solar Orbiter is gathering data on phenomena including the sun’s magnetic field, its activity cycle, and the solar wind, a relentless high-speed flow of charged particles emanating from the sun’s outermost atmospheric layer that fills interplanetary space.

    “We are not sure what we will find, and it is likely we will see things that we didn’t know about before,” said solar physicist Hamish Reid of University College London’s Mullard Space Science Laboratory, UK co-principal investigator of Solar Orbiter’s Extreme Ultraviolet Imager instrument.

    The sun is a ball of hot electrically charged gas that, as it moves, generates a powerful magnetic field, which flips from south to north and back again every 11 years in what is called the solar cycle.

    The magnetic field drives the formation of sunspots, cooler regions on the solar surface that appear as dark blotches. At the cycle’s beginning, the sun has fewer sunspots. Their number increases as the cycle progresses, before starting all over again.

    “What we have been missing to really understand this (solar cycle) is what is actually happening at the top and bottom of the sun,” Reid said.

    The sun’s diameter is about 865,000 miles (1.4 million km), more than 100 times wider than Earth.

    “Whilst the Earth has a clear north and south pole, the Solar Orbiter measurements show both north and south polarity magnetic fields are currently present at the south pole of the sun. This happens during the maximum in activity of the solar cycle, when the sun’s magnetic field is about to flip. In the coming years, the sun will reach solar minimum, and we expect to see a more orderly magnetic field around the poles of the sun,” Reid said.

    “We see in the images and movies of the polar regions that the sun’s magnetic field is chaotic at the poles at the (current) phase of the solar cycle – high solar activity, cycle maximum,” Solanki said.

    The sun is located about 93 million miles (149 million km) from our planet.

    “The data that Solar Orbiter obtains during the coming years will help modelers in predicting the solar cycle. This is important for us on Earth because the sun’s activity causes solar flares and coronal mass ejections which can result in radio communication blackouts, destabilize our power grids, but also drive the sensational auroras,” Reid said.

    “Solar Orbiter’s new vantage point out of the ecliptic will also allow us to get a better picture of how the solar wind expands to form the heliosphere, a vast bubble around the sun and its planets,” Reid added.

    A previous spacecraft, Ulysses, flew over the solar poles in the 1990s.

    “Ulysses, however, was blind in the sense that it did not carry any optical instruments – telescopes or cameras – and hence could only sense the solar wind passing the spacecraft directly, but could not image the sun,” Solanki said.

    (REUTERS)

  • MIL-OSI Economics: RBI cancels Certificate of Registration of Six NBFCs

    Source: Reserve Bank of India

    The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following company.

    Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued On Cancellation Order Date
    1 Wofin Leasing and Finance Private Limited 7 Ganesh Chandra Avenue, PS: Bowbazar, Kolkata, West Bengal 700013 B-05.06747 March 13, 2008 May 16, 2025
    2 Outram Properties Pvt Ltd 23A, NS Road, 10th Floor, Kolkata, West Bengal 700001 05.03224 September 09, 1999 May 16, 2025
    3 SCM Holding Private Limited 11/1A Sarojini Naidu Sarani, Lowdon Street, Kolkata, West Bengal 700017 05.03245 September 24, 1999 May 16, 2025
    4 Kalash Vyapaar Private Limited 75C, Park Street, 3rd Floor, Kolkata, West Bengal, 700016 N.05.06592 December 30, 2005 May 16, 2025
    5 Everest Vinimay Private Limited 3A, Garstin Place, 6th Floor, Kolkata, West Bengal, 700001 N.05.06604 February 06, 2006 May 16, 2025
    6 Adhikar Microfinance Private Limited Plot No-77/180/970, Subudhipur, Tomando, Bhubaneswar, Orissa – 752054 04.00021 October 22, 2013 May 20, 2025

    As such, the above company shall not transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/529

    MIL OSI Economics

  • PM Modi hails youth-led tech push as digital India turns 11

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Wednesday lauded the role of India’s youth in driving the country’s technological progress, saying that the spirit of innovation among young Indians has not only enhanced service delivery and transparency but has also significantly contributed to India’s journey towards self-reliance.

    Reflecting on 11 years of the Digital India initiative, the Prime Minister said the programme has empowered citizens across the country, particularly the youth, and transformed the way governance and services are delivered.

    “Powered by the youth of India, we are making remarkable progress in innovation and application of technology. It is also strengthening our efforts to become self-reliant and a global tech powerhouse,” PM Modi said in a post on X, while responding to a series of updates by MyGovIndia highlighting the impact of the initiative.

    The Digital India campaign, launched in 2015, aims to enhance internet connectivity and make digital access universal, particularly in rural and remote areas. Over the past decade, it has brought major shifts in how services are delivered, with digital platforms increasingly replacing manual systems, thereby streamlining access and reducing corruption.

    “Leveraging the power of technology has brought innumerable benefits for people. Service delivery and transparency have been greatly boosted. Furthermore, technology has become a means of empowering the lives of the poorest of poor,” the Prime Minister said in a separate post using the hashtag #11YearsOfDigitalIndia.

  • Beach Boys founder Brian Wilson dies at age 82

    Source: Government of India

    Source: Government of India (4)

    Beach Boys cofounder Brian Wilson, who created some of rock’s most enduring songs such as “Good Vibrations” and “God Only Knows” in a career that was marked by a decades-long battle between his musical genius, drug abuse and mental health issues, has died at the age of 82.

    Wilson’s family announced his death in a statement on the singer’s website.

    “We are at a loss for words right now,” the statement said. “We realize that we are sharing our grief with the world.”

    The statement did not disclose a cause of death. Wilson had suffered from dementia and was unable to care for himself after his wife Melinda Wilson died in early 2024, prompting his family to put him under conservatorship.

    Starting in 1961, the Beach Boys put out a string of sunny hits celebrating the touchstones of California youth culture – surfing, cars and romance. But what made the songs special was the ethereal harmonies that Wilson arranged and that would become the band’s lasting trademark.

    Wilson formed the band with younger brothers Carl and Dennis, cousin Mike Love and friend Al Jardine in their hometown, the Los Angeles suburb of Hawthorne. They went on to have 36 Top 40 hits, with Wilson writing and composing most of the early works.

    Songs such as “Little Deuce Coupe,” “Surfin’ U.S.A.,” “California Girls,” “Fun, Fun, Fun” and “Help Me, Rhonda” remain instantly recognizable and eminently danceable.

    But there were plenty of bad vibrations in Wilson’s life: an abusive father, a cornucopia of drugs, a series of mental breakdowns, long periods of seclusion and depression and voices in his head that, even when he was on stage, told him he was no good.

    “I’ve lived a very, very difficult, haunted life,” Wilson told the Washington Post in 2007.

    In May 2024, a judge ruled the 81-year-old Wilson should be put under a conservatorship after two longtime associates had petitioned the court at his family’s request, saying he could not care for himself following the death of his wife, Melinda.

    By 1966 touring had already become an ordeal for Wilson, who suffered what would be his first mental breakdown. He remained the Beach Boys‘ mastermind but retreated to the studio to work, usually without his bandmates, on “Pet Sounds,” a symphonic reflection on the loss of innocence.

    The landmark “Good Vibrations” was recorded during those sessions, though it did not make it on to the album. Though “Pet Sounds” included hits such as “Wouldn’t It Be Nice,” “Sloop John B” and “God Only Knows”, it was not an immediate commercial success in the United States. There also was resistance to the album within the band, especially from singer Love, who wanted to stick with the proven money-making sound.

    ‘IT’S LIKE FALLING IN LOVE’

    “Pet Sounds”, which was released in 1966, later would come to be recognized as Wilson’s magnum opus. Paul McCartney said it was an influence on the Beatles’ “Sgt. Pepper’s Lonely Hearts Club Band.” No one’s musical education is complete until they’ve heard ‘Pet Sounds’,” McCartney said.

    In 2012 Rolling Stone magazine ranked it second only to “Sgt. Pepper” on its list of the 500 greatest rock albums.

    “Hearing ‘Pet Sounds’ gave me the kind of feeling that raises the hairs on the back of your neck and you say, ‘What is that? It’s fantastic,’” George Martin, the Beatles’ legendary producer, said in the liner notes of a reissued version of the album. “It’s like falling in love.”

    Released as a single that same year, “Good Vibrations” drew similar plaudits. On hearing the song, which would become the Beach Boys‘ greatest hit, Art Garfunkel called his musical partner Paul Simon to say: “I think I just heard the greatest, most creative record of them all.”

    Stars of the music world paid tribute to Wilson on Wednesday.

    “Anyone with a musical bone in their body must be grateful for Brian Wilson’s genius magical touch!!,” Fleetwood Mac drummer Mick Fleetwood said on social media.

    Nancy Sinatra, who recorded a cover of “California Girls” with Wilson in 2002, wrote on Instagram that Wilson’s “cherished music will live forever.”

    Sean Ono Lennon, a musician and son of John Lennon, called Wilson “our American Mozart” and “a one of a kind genius from another world.”

    The Beach Boys soldmore than 100 million records.

    Wilson’s career would be derailed, though, as his use of LSD, cocaine and alcohol became untenable and his mental state, which would eventually be diagnosed as schizoaffective disorder with auditory hallucinations, grew shakier.

    He became a recluse, lying in bed for days, abandoning hygiene, growing obese and sometimes venturing out in a bathrobe and slippers. He had a sandbox installed in his dining room and put his piano there. He also heard voices and was afraid that the lyrics of one of his songs were responsible for a series of fires in Los Angeles.

    UNORTHODOX THERAPY

    Born in June 1942Brian Wilson, whose life was the subject of the 2014 movie “Love & Mercy,” had two controlling men in his life. The first was his father, Murry Wilson, a part-time songwriter who recognized his son’s musical talent early. He became the Beach Boys‘ manager and producer in their early years but also was physically and verbally abusive toward them. The band fired him in 1964.

    About a decade later, as Wilson floundered, his then-wife, Marilyn, hired psychotherapist Eugene Landy to help him. Landy spent 14 months with Wilson, using unusual methods such as promising him a cheeseburger if he wrote a song, before being dismissed.

    Landy was rehired in 1983 after Wilson went through another period of disturbing behavior that included overdosing, living in a city park and running up substantial debt. Landy used a 24-hour-a-day technique, which involved prescribing psychotropic drugs and padlocking the refrigerator, and eventually held sway over all aspects of Wilson’s life, including serving as producer and co-writer of his music when he made a comeback with a 1988 solo album.

    Wilson’s family went to court to end his relationship with Landy in 1992. Wilson said Landy had saved his life but also would later call him manipulative. California medical regulators accused Landy, who died in 2006, of improper involvement with a patient’s affairs. He gave up his psychology license after admitting to unlawfully prescribing drugs.

    Wilson’s return to music was spotty. He appeared frail, tentative and shaky and none of the post-comeback work brought anything close to the acclaim of his earlier catalog.

    One of the best-received albums of his second act was the 2004 “Brian Wilson Presents Smile,” a revisiting of the work that had been intended as the follow-up to “Pet Sounds” but which was scrapped because of opposition from bandmates.

    Wilson’s brothers had both died by the time of the Beach Boys‘ 50th reunion tour in 2012 but he joined Love, who became the band’s controlling force, for several shows. At the end, Wilson said he felt as if he had been fired but Love denied it. Wilson last performed live in 2022.

    Wilson and his first wife, Marilyn, had two daughters, Carnie and Wendy, who had hits in the 1990s as part of the group Wilson Phillips. He and second wife Melinda, whom he met when she sold him a car, had five children.

    -Reuters

  • UN to vote on resolution demanding immediate Gaza ceasefire

    Source: Government of India

    Source: Government of India (4)

    The United Nations General Assembly will vote on Thursday on a draft resolution that demands an immediate, unconditional and permanent ceasefire in the war in Gaza after the United States vetoed a similar effort in the Security Council last week.

    The 193-member General Assembly is likely to adopt the text with overwhelming support, diplomats say, despite Israel lobbying countries this week against taking part in what it called a “politically-motivated, counter-productive charade.”

    General Assembly resolutions are not binding but carry weight as a reflection of the global view on the war. Previous demands by the body for an end to the war between Israel and Palestinian militants Hamas have been ignored. Unlike the U.N. Security Council, no country has a veto in the General Assembly.

    Thursday’s vote also comes ahead of a U.N. conference next week that aims to reinvigorate an international push for a two-state solution between Israel and the Palestinians. The United States has urged countries not to attend.

    In a note seen by Reuters, the U.S. warned that “countries that take anti-Israel actions on the heels of the conference will be viewed as acting in opposition to U.S. foreign policy interests and could face diplomatic consequences.”

    The U.S. last week vetoed a draft U.N. Security Council resolution that also demanded an “immediate, unconditional and permanent ceasefire” and unhindered aid access in Gaza, arguing it would undermine U.S.-led efforts to broker a ceasefire.

    The other 14 countries on the council voted in favor of the draft as a humanitarian crisis grips the enclave of more than 2 million people, where the U.N. warns famine looms and aid has only trickled in since Israel lifted an 11-week blockade last month.

    ‘FALSE AND DEFAMATORY’

    The draft resolution to be voted on by the General Assembly on Thursday demands the release of hostages held by Hamas, the return of Palestinian prisoners detained by Israel and the full withdrawal of Israeli forces from Gaza.

    It demands unhindered aid access and “strongly condemns the use of starvation of civilians as a method of warfare and the unlawful denial of humanitarian access and depriving civilians … of objects indispensable to their survival, including willfully impeding relief supply and access.”

    “This is both false and defamatory,” Israel’s U.N. Ambassador Danny Danon wrote in a letter to U.N. member states, sent on Tuesday and seen by Reuters.

    Danon described the General Assembly draft resolution as an “immensely flawed and harmful text,” urging countries not to take part in what he said was a “farce” that undermines hostage negotiations and fails to condemn Hamas.

    In October 2023 the General Assembly called for an immediate humanitarian truce in Gaza with 120 votes in favor. In December 2023, 153 countries voted to demand an immediate humanitarian ceasefire. Then in December last year the body demanded – with 158 votes in favor – an immediate, unconditional and permanent ceasefire.

    The war in Gaza has raged since 2023 after Hamas militants killed 1,200 people in Israel in an October 7 attack and took some 250 hostages back to the enclave, according to Israeli tallies. Many of those killed or captured were civilians.

    Israel responded with a military campaign that has killed over 54,000 Palestinians, according to Gaza health authorities. They say civilians have borne the brunt of the attacks and that thousands more bodies have been lost under rubble.

    (Reuters)

  • US begins uneasy FIFA World Cup countdown as Trump moves Marines to Los Angeles

    Source: Government of India

    Source: Government of India (4)

    U.S. cities hosting next year’s FIFA World Cup faced questions on Wednesday about how to reassure international fans concerned by President Donald Trump’s immigration crackdown and travel ban as the year-to-go countdown began.

    The United States, along with Canada and Mexico, is set to co-host the finals, which will feature 48 teams and a record 104 matches in a tournament that FIFA boss Gianni Infantino said would usher in a new generation of soccer fans.

    Celebrities and soccer stars were due to walk the red carpet at the Fox Studio Lot in Los Angeles – one of the host cities – for the year-to-go event there, a day after President Trump deployed Marines and the National Guard to quell protests.

    California Governor Gavin Newsom described the deployment as an “unmistakable step toward authoritarianism,” while Trump officials defended it and branded the protests as lawless, blaming local and state Democrats for permitting upheaval.

    Los Angeles is one of several host cities marking the year-to-go occasion.

    New York-New Jersey held a waterside party on Wednesday, where local officials and fans celebrated against the backdrop of Ellis Island.

    Asked about comments Vice President JD Vance made last month warning World Cup travellers not to overstay their welcome, New York-New Jersey host Committee CEO Alex Lasry said: “Our goal is to make sure everyone who comes to New York-New Jersey has an incredible time.”

    “Something that you have to kind of know, when you’re putting on mega sporting events … is the world is still going on. The world doesn’t stop for these sporting events,” said Lasry.

    “And you kind of have to go with the flow and make sure that you’re able to adapt.”

    Minky Worden, director of global initiatives at Human Rights Watch, said FIFA needed to work with the U.S. government to ensure the rights of competitors, support staff, fans and media were protected regardless of their identities or views.

    “FIFA should publicly acknowledge the threat US immigration and other anti-human rights policies pose to the tournament’s integrity … (and) should establish clear benchmarks and timelines for the US policy changes needed to ensure respect for immigrants’ rights during the 2026 World Cup and beyond,” she said.

    The Sport & Rights Alliance, a global coalition of non-governmental organisations that promotes human rights in sports, on Wednesday said that it had identified “areas where government policies in the 2026 host countries, particularly the United States under President Donald Trump, pose significant and immediate risks to the human rights of immigrants.”

    Special Assistant to the President and Principal Deputy Press Secretary Harrison Fields told Reuters: “President Trump is proud to have secured our great country as one of the hosts for the 2026 World Cup, and he is eager to welcome fans from across the globe to celebrate America and this great pastime.”

    “The Trump Administration will work diligently to facilitate the entry of law-abiding and applicable fans, ensure that all attendees are properly vetted and that these are the most secure and historic games,” said Fields.

    U.S. Democratic leaders, meanwhile,raised concerns over a national crisis on Tuesday as Trump moved U.S. Marines into Los Angeles to tackle civilian protests over his immigration policies.

    “There are certainly things that are happening at the national level, the international level, there are going to be geopolitical issues that we don’t even know right now that are going to affect the tournament,” Meg Kane, a host city executive for Philadelphia told reporters at a Paley Center event on Monday.

    “So we recognise that we’re planning within uncertainty.”

    FIFA did not immediately respond to a request for comment.

    INFANTINO CONFIDENT

    FIFA President Gianni Infantino said last month after meeting Trump that he was confident the world would be welcomed in for the 2026 World Cup and this year’s Club World Cup, which runs from June 14 to July 13.

    But the task of reassuring international fans was complicated by a travel ban that went into effect on Monday, cracking down on what Trump called “foreign terrorists”.

    Of the 12 countries facing travel bans, Iran is the only one that has qualified for the 2026 tournament so far. Tehran said on Saturday that the ban showed “deep hostility” toward Iranians and Muslims.

    European fans, supporter groups and former players contacted by Reuters said it was too early for anyone to be thinking about revising schedules or reevaluating plans for attending the World Cup.

    Alina Hudak, the Miami host committee president and CEO, told Reuters she had been in touch with the local consular corps to address their concerns and to offer support.

    “My responsibility is to make sure that we’re ready, that we’re safe, that we’re coordinating logistically with all of our law enforcement agencies, that we’ve done everything we can to ensure that our mass transit system is ready and can handle the volume,” said Hudak.

    “And so for me, you know, what’s happening outside of that is something that we’re monitoring, but not something that, quite frankly, I have an impact (on).”

    REUTERS

  • Delhi boils under heatwave, red alert issued for today

    Source: Government of India

    Source: Government of India (4)

    Delhi will continue to sizzle under a scorching heatwave on Thursday as the mercury is expected to remain dangerously high, prompting the issuance of a red alert across the national capital, according to the India Meteorological Department (IMD).

    The IMD said that temperatures ranged from 40.9 to 45 degrees Celsius across various weather stations on Wednesday, while the heat index – a measure of how hot it feels when humidity is taken into account – reached an alarming 51.9 degrees Celsius.

    At 5:30 p.m., Ayanagar was the hottest location in the city, recording a blistering 45 degrees Celsius.

    Other parts of the capital were not far behind: Ridge 43.6 degrees Celsius, Palam logged 44.5 degrees Celsius, Pitampura 43.5 degrees Celsius, Safdarjung — Delhi’s base weather station — 43.3 degrees Celsius, and Lodhi Road 43.4 degrees Celsius.

    Meanwhile, Mayur Vihar reported a relatively lower yet severe 40.9 degrees Celsius.

    The soaring temperatures are forecast to persist until the end of the day, with a gradual decrease expected from Friday, June 13, onward.

    The IMD bulletin observed that these temperatures are three to four degrees Celsius higher than usual, contributing to ongoing heatwave conditions expected to persist until Thursday.

    The red alert, the highest warning level issued by the IMD, advises residents to take action by staying hydrated, avoiding direct sun exposure, and limiting outdoor activities, especially during peak afternoon hours.

    Looking ahead to Thursday, the weather department has predicted maximum temperatures between 43 and 45 degrees Celsius.

    Gusty winds with speeds of 40 to 60 kmph are likely, accompanied by a possibility of very light to light rain or thunderstorms in the evening or night.

    Relief is expected from June 13, when the severity of the heatwave is anticipated to ease, prompting the IMD to downgrade the warning to an orange alert.

    Between June 14 and 17, Delhi may see a notable dip in temperatures, ranging from 37 to 42 degrees Celsius.

    The drop will likely be accompanied by light to moderate rainfall and gusty winds, which could alleviate the ongoing heat stress to some extent.

    (IANS)

  • Monsoon rain brings much-needed relief from heatwave in MP

    Source: Government of India

    Source: Government of India (4)

    After a blistering day under a relentless sun, Madhya Pradesh witnessed a dramatic shift in weather on Wednesday evening. Around 9 p.m., Bhopal was swept by gusty winds, followed by a refreshing spell of rain, providing much-needed relief to residents.

    In Tikamgarh’s Mau Ghat, thunder cracked across the sky as rain lashed the area, accompanied by pea-sized hailstones, the report said.

    Similar weather conditions were reported from Vidisha and Raisen, where skies opened up after a day of oppressive heat. The India Meteorological Department has issued a fresh alert for lightning, moderate thunder, and rainfall across Burhanpur, Khandwa, Harda, Vidisha, Raisen, and Barwani. Nighttime thunderstorms are also anticipated in Bhopal, Indore, Dewas, Sagar, Shajapur, Sehore, Rajgarh, Dhar, and Harda. The arrival of the monsoon is now imminent.

    According to the Meteorological Department, monsoon activity has picked up pace and is likely to enter Madhya Pradesh between June 14 and 15, advancing from the eastern districts—Mandla, Seoni, Dindori, Balaghat, and Anuppur—where the heaviest rainfall is expected. The entire state is projected to be under monsoon cover by June 20. This year’s monsoon is ahead of schedule; in 2024, it arrived on June 21.

    Meanwhile, the pre-monsoon heat has remained intense.

    On Wednesday, six cities recorded temperatures exceeding 44 degrees C. Naugaon in Chhatarpur district was the hottest at 44.8 degrees C, followed by Guna at 44.5 degrees C, and Gwalior and Shajapur at 44.2 degrees C. Shivpuri and Tikamgarh also reached 44 degrees C. Major urban centres also experienced sweltering conditions, with Bhopal recording a temperature of 42.6 degrees C, Indore 41.6 degrees C, Ujjain 42.8 degrees C, and Jabalpur 40.6 degrees C. Khajuraho, Narmadapuram, and Narsinghpur hovered above 43 degrees C.

    A heatwave alert remains in place for the Gwalior, Chambal, Ujjain, and Sagar divisions until June 12. Although showers are forecast from June 13 onward, heat will likely persist in districts that remain dry. May brought a string of meteorological surprises. For the first time in recorded history, Madhya Pradesh experienced storms or rain every single day of the month, weather experts said.

    Fifty-three districts—including Bhopal, Indore, Ujjain, and Gwalior—received measurable rainfall. Ujjain set a new record for May rainfall with 111.8 mm.

    “This unusual pattern is attributed to persistent cyclonic circulation, western disturbances, and active trough systems that influenced the state throughout May,” said a meteorologist. These systems are expected to continue shaping the weather into mid-June, with storm and rain alerts valid through June 12.

    Looking ahead, while the advancing monsoon promises relief, forecasters warn of a final wave of intense heat. Historical patterns show pre-monsoon heatwaves are typical in early June, especially in Gwalior-Chambal and the western divisions. However, night temperatures are expected to drop by 8 to 10 degrees once the rains arrive. In Bhopal, temperatures are expected to remain high until June 15, the weather department said.

    Over the past decade, the capital has seen temperatures exceed 45 degrees C in early June, with night lows plunging to 17.4 degrees C. In 2020, the city recorded 16 inches of rain in June; last year, it saw 10.9 inches—five of them within a single day. In the last 24 hours, rainfall was recorded at isolated locations in the Indore, Jabalpur, and Shahdol divisions, while the rest of the state remained dry.

    A heatwave prevailed across Bhopal, Ratlam, Chhindwara, Khajuraho, Nowgong, Sagar, Tikamgarh, Guna, and Pachmarhi, with severe conditions noted in Narmadapuram. No significant changes in maximum temperatures were observed across divisions. The forecast warns of thunderstorms with lightning and gusts reaching 40–50 kmph, along with heatwave conditions, in isolated areas of Bhopal, Vidisha, Raisen, Sehore, Rajgarh, and Narmadapuram.

    Similar conditions are expected in parts of Betul, Harda, Burhanpur, Khandwa, Khargone, Barwani, Dewas, Shajapur, Narsinghpur, Chhindwara, Seoni, Mandla, Balaghat, and Pandhurna.

    (IANS)

  • Respite in heatwave conditions likely over northwest India from June 14

    Source: Government of India

    Source: Government of India (4)

    After days of intense heat, a gradual respite in heatwave conditions is likely over northwest India beginning June 14, according to the forecast by the India Meteorological Department (IMD).

    Severe heatwave conditions were reported at a few places in west Rajasthan, with isolated areas experiencing extreme temperatures. According to the weather department, the highest maximum temperature reported over the plains of the country was Sri Ganganagar (Rajasthan) at 48.0 degrees Celsius.

    Heat wave conditions also prevailed in parts of Punjab, Haryana, Chandigarh, Delhi, Jammu and Kashmir, Himachal Pradesh, and isolated pockets of east Rajasthan, south Uttar Pradesh, and northwest Madhya Pradesh.

    In its forecast for the maximum temperature, the IMD said that there was no significant change likely over Northwest and Central India during the next three days and predicted a gradual fall in mercury by 2 to 4 degrees Celsius thereafter.

    “No significant change in maximum temperatures likely over East India during the next 24 hours and a gradual fall by 2-3°C thereafter for subsequent three days and no significant change thereafter. No significant change in maximum temperatures likely over rest parts of the country,” IMD shared on X.

    On Tuesday, IMD official Radheshyam Sharma said that Western Rajasthan, particularly Ganganagar, Hanumangarh, and Bikaner, was experiencing a severe heat wave with temperatures above 47 degrees Celsius. The heat wave is expected to continue for three to four days.

    “Strong south-west winds, carrying dust, will prevail in the region for two to three days. Eastern Rajasthan may experience thunderstorm activities from June 15-16, bringing possible relief from the heat. A drop in temperature is expected in eastern Rajasthan around June 18-20 due to thunderstorm activities”, Sharma added.

    According to the weather department, the temperatures recorded on Wednesday across different districts of Rajasthan were 48.0 degrees Celsius in Sri Ganganagar, 45.1 degrees Celsius in Bikaner, 44.2 degrees Celsius in Barmer, 45.8 degrees Celsius in Churu, 45.8 degrees Celsius in Phalodi, 44.4 degrees Celsius in Jaipur, and 45.1 degrees Celsius in Kota.

    On June 10, Sri Ganganagar and Hanumangarh issued orange alerts. Bikaner, Churu, Jhunjhunu, Alwar, Bharatpur, Karauli, and Dholpur issued yellow warnings.

    (ANI)

  • Orange alert issued for TN’s Ghat region, Nilgiris braces for extremely heavy rain

    Source: Government of India

    Source: Government of India (4)

    The Regional Meteorological Centre (RMC) has issued an orange alert for several ghat districts in Tamil Nadu, forecasting intense rainfall between June 13 and 16.

    The Nilgiris, Coimbatore, and adjoining hilly regions are expected to receive heavy to very heavy rain, with isolated areas in the Nilgiris likely to witness extremely heavy downpours exceeding 204.4 mm on June 14 and 15.

    Authorities have urged residents in these districts to remain alert and take necessary precautions against potential disruptions such as landslides, waterlogging, and reduced visibility.

    According to the MeT department, an orange alert in weather forecasts signifies a potentially disruptive weather situation, often due to heavy rainfall, and requires people to be prepared for sudden changes in conditions.

    Gusty winds ranging from 30-40 kmph are also expected to accompany the rains, heightening the risk in vulnerable zones.

    The seven-day weather outlook suggests a gradual intensification of rainfall across the state.

    From Tuesday, parts of North Tamil Nadu — including Cuddalore and Ariyalur — will begin to see an uptick in precipitation.

    The ghat areas of Coimbatore and the Nilgiris will experience increased rainfall from June 12, leading up to the peak on June 14.

    Southern districts such as Theni, Tenkasi, and Kanniyakumari are also likely to experience heavy rainfall throughout the week.

    The meteorological department has advised district administrations to remain prepared with disaster response teams and emergency protocols in place.

    In Chennai and its surrounding areas, the onset of rainfall over the past 24 hours has brought significant relief from the oppressive summer heat. Other parts of the city also experienced moderate showers during the day. By 7.30 p.m. on Wednesday, the Nungambakkam weather station recorded 15.6 mm of rain, offering some respite as daytime temperatures had consistently hovered around 38 degrees Celsius in recent days.

    The local forecast for Chennai over the next two days predicts partly cloudy skies with intermittent light to moderate showers, continuing the much-needed relief from the recent heatwave conditions.

    (IANS)

  • China, Hong Kong stocks retreat as trade optimism fades

    Source: Government of India

    Source: Government of India (4)

    China and Hong Kong stocks fell on Thursday, led by declines in the rare-earth and tech sectors, as markets struggled to sustain positive momentum from Sino-U.S. trade talks that provided few concrete details.

    A deal getting the fragile truce in the U.S.-China trade war back on track was reached after negotiators from Washington and Beijing agreed on a framework covering tariff rates, U.S President Donald Trump said on Wednesday.

    The deal removes Chinese export restrictions on rare-earths minerals and allows Chinese students access to U.S. universities, but many specifics and detailed terms were absent, leaving investors cautious.

    China‘s blue-chip CSI300 Index .CSI300 fell 0.6% from a three-week high touched in the previous session. Hong Kong‘s benchmark Hang Seng index .HSI lost 0.7% to pull back from its highest level in nearly three months.

    The CSI Rare Earth Index CSI930598 slipped 0.8% from a seven-month high, and the semiconductor sector subindex .CSI931865 slid more than 1%.

    In Hong Kong, the Hang Seng Tech Index .HSTECH lost 1.5% in early trades.

    -Reuters

  • Trump met with cheers, boos at Kennedy Center as he attends ‘Les Miserables’

    Source: Government of India

    Source: Government of India (4)

    U.S. President Donald Trump was greeted with a high-volume mix of boos and cheers on Wednesday as he took his seat for his first production at the Kennedy Center, the performing arts facility he has subjected to a conservative takeover.

    The mixed reception for Trump and his wife Melania as they arrived in the presidential box before a performance of “Les Miserables” reflected the heightened emotions that have been unleashed by his overhaul of the cultural center.

    Trump has pushed out its former chairman,fired its longtime president and pledged to overhaul an institution that he criticized as too liberal. The center, a leading U.S. arts facility, had long enjoyed bipartisan support.

    Ticket sales have fallen since and some shows, including the hit “Hamilton,” have canceled their appearances at the 2,300-capacity theater.

    At Wednesday’s performance, several drag queens in full regalia sat in the audience, likely in response to Trump’s criticism of the venue for hosting drag shows.

    One person shouted “Viva Los Angeles” as Trump stepped out of the presidential box at the intermission. Trump has sent military troops to quell protests against his immigration raids in that city.

    Trump’s appearance was meant to boost fundraising for the John F. Kennedy Center for the Performing Arts, and he said donors raised over $10 million.

    “We’re going to make it incredible. We have all the funding. We raised a lot tonight, and we’ll put in a lot of money to bring it back to the highest level,” a tuxedo-clad Trump told reporters after other administration officials arrived on the red carpet.

    SUBSCRIPTIONS DOWN

    Still, overall year-on-year subscription revenue was down 36% to $2.8 million as of early June for next season, which begins in the autumn, according to a person briefed on the data. Theater subscriptions, normally a major revenue driver for the center, were down 82%.

    A Kennedy Center official said the comparisons reflected in those subscription sales were not accurate because the center had launched its subscription renewal campaign later in 2025 than 2024.

    “Our renewal campaign is just kicking off,” Kim Cooper, senior vice president of marketing, said in a statement. Cooper also noted the center had launched a new subscription option that allowed customers to “mix and match” genres and said more announcements of shows were coming.

    The Kennedy Center depends on revenue from tickets and subscriptions as well as donations to operate. Ticket sales for “Les Miserables” have been robust, according to another Kennedy Center official.

    Donors who pay $100,000 to $2 million got to attend a reception before the show, receive a photo with the president and be seated in good locations in the theater.

    “We’ve raised a little more than $10 million for tonight, which is pretty remarkable, and it’s an organization that needs the money right now,” said Ric Grenell, a close Trump ally and former ambassador to Germany who now heads the Kennedy Center.

    Under his leadership, the center has sought to add more conservative-leaning programming, including a show that Grenell has described as a celebration of the birth of Christ.

    Trump said he particularly enjoyed “Les Miserables,” a musical about citizens rising up against their government. “I’ve seen it many times, it’s one of my favorites,” he said.

    Along with the first lady, Vice President JD Vance, Attorney General Pam Bondi and Health and Human Services Secretary Robert F. Kennedy Jr. also attended.

    Vance was likewise met with boos when he attended a Kennedy Center show with his wife earlier this year.

    Trump has zeroed in on drag shows to argue that the Kennedy Center had lost its way before he took office. But multiple upcoming musicals on the Kennedy Center’s agenda include characters dressed in drag, such as “Mrs. Doubtfire” and “Chicago.”

    Other musicals have pulled out, according to a former Kennedy Center official.

    (Reuters)

  • White House says Trump ‘acknowledges’ Elon Musk’s apology

    Source: Government of India

    Source: Government of India (4)

    The White House confirmed on Wednesday that former President Donald Trump has acknowledged an apology from Tesla CEO Elon Musk, suggesting a potential easing of recent tensions between the two high-profile figures.

    In a press briefing, White House Press Secretary Karoline Leavitt told reporters, “The President acknowledged the statement that Elon put out this morning and he is appreciative of it. We are continuing to focus on the business of the American people.”

    Leavitt also clarified that, contrary to earlier speculation, there are currently no active efforts to review Musk’s government contracts. “Currently no efforts have been made on that front as far as I’m aware,” she said.

    According to CNN, Musk personally called Trump on Monday night and later issued a public statement on Wednesday, expressing regret over comments made on social media that had sparked a public fallout.

    The apology reportedly followed a private conversation on Friday involving Musk, Vice President JD Vance, and White House Chief of Staff Susie Wiles, during which the disagreement was discussed at length.

    Sources cited by CNN said that several prominent Republican lawmakers and Trump allies have been encouraging Musk to reconcile with the former President. They are also urging him to support a key legislative proposal dubbed the “Big Beautiful Bill,” a major domestic policy initiative currently facing resistance in the Senate.

    Musk, once considered one of Trump’s closest allies in the tech world, continues to maintain ties with members of the former President’s inner circle. In recent days, those relationships have been used to facilitate dialogue, with aides reportedly engaging Musk through phone calls and text messages to ease tensions.

    While Musk is said to be receptive to reconciliation, he has reportedly expressed reservations about the bill’s lack of spending cuts—a concern he raised during conversations with Republican lawmakers.

    Although the situation remains fluid, the mutual acknowledgment and continued communication suggest the potential for renewed cooperation between Trump and one of the country’s most influential tech leaders.

    —IANS

  • Marines to deploy on LA streets within two days with authority to detain civilians

    Source: Government of India

    Source: Government of India (4)

    U.S. Marines will join National Guard troops on the streets of Los Angeles within two days, officials said on Wednesday, and would be authorized to detain anyone who interferes with immigration officers on raids or protesters who confront federal agents.

    U.S. President Donald Trump ordered the deployments over the objections of California Governor Gavin Newsom, sparking a national debate about the use of the military on U.S. soil and animating protests that have spread from Los Angeles to other major cities, including New York, Atlanta and Chicago.

    Los Angeles on Wednesday endured a sixth day of protests that have been largely peaceful but occasionally punctuated by violence, mostly contained to a few blocks of the city’s downtown area.

    The protests broke out last Friday in response to a series of immigration raids. Trump in turn called in the National Guard on Saturday, then summoned the Marines on Monday.

    “If I didn’t act quickly on that, Los Angeles would be burning to the ground right now,” said Trump at an event at the John F. Kennedy Center for the Performing Arts.

    State and local leaders dispute that, saying Trump has only escalated tensions with an unnecessary and illegal deployment of federal troops, while Democrats nationally have condemned his action as authoritarian.

    Trump is carrying out a campaign promise to deport immigrants, employing forceful tactics consistent with the norm-breaking political style that got him elected twice.

    “President Trump promised to carry out the largest mass deportation campaign in American history and left-wing riots will not deter him in that effort,” White House press secretary Karoline Leavitt said.

    The U.S. military said on Wednesday that a battalion of 700 Marines had concluded training specific to the L.A. mission, including de-escalation and crowd control. They would join National Guard under the authority of a federal law known as Title 10 within 48 hours, not to conduct civilian policing but to protect federal officers and property, the military said.

    “Title 10 forces may temporarily detain an individual in specific circumstances such as to stop an assault, to prevent harm to others, or to prevent interference with federal personnel performing their duties,” the Northern Command said.

    Department of Homeland Security spokesperson Tricia McLaughlin said in a statement: “If any rioters attack ICE law enforcement officers, military personnel have the authority to temporarily detain them until law enforcement makes the arrest.”

    U.S. Army Major General Scott Sherman, who commands the task force of Marines and Guardsmen, told reporters the Marines will not carry live ammunition in their rifles, but they will carry live rounds.

    Newsom and the state of California have sued Trump and the Defense Department to stop the deployment, maintaining that none of the Title 10 conditions were met to justify military deployment – such as a when the U.S. is under threat from a foreign invasion or rebellion.

    California is also seeking a temporary restraining order to immediately stop the National Guard and Marines from participating in civilian law enforcement.

    A hearing on that restraining order is scheduled for Thursday in San Francisco federal court.

    The Trump administration argued in a court filing ahead of the hearing that the president has the discretion to determine whether a “rebellion or danger of a rebellion” requires a military response.

    PROTESTS SPREAD NATIONWIDE

    In downtown L.A., shortly before the second night of a curfew over a one square mile (2.5 square km) area, relative calm was broken.

    Police said demonstrators at one location threw commercial grade fireworks and rocks at officers. Another group of nearly 1,000 demonstrators were peacefully marching through downtown when police suddenly opened fired with less lethal munitions in front of City Hall.

    Marlene Lopez, 39, a Los Angeles native, was demonstrating as flash bangs exploded just a few meters away.

    “I am out here because of the fact that our human rights are being violated every day. If we give up, it’s over. We have to stand our ground here in L.A. so that the nation will follow us,” Lopez said.

    Other protests have also taken place in Santa Ana, a largely Mexican-American city about 30 miles (50 km) to the south, as well as major cities such as Las Vegas, Philadelphia, Milwaukee, Seattle, Boston and Washington and San Antonio, Texas.

    New York police said an unknown number of people had been taken into custody on Wednesday. On Tuesday New York police said they took 86 people into custody, of which 34 were arrested and charged, while the others received a criminal court summons.

    The protests are set to expand on Saturday, when several activist groups have planned more than 1,800 anti-Trump demonstrations across the country. That day, tanks and other armored vehicles will rumble down the streets of Washington, D.C., in a military parade marking the U.S. Army’s 250th anniversary and coinciding with Trump’s 79th birthday.

    (Reuters)

  • U.S. to deploy 4,000 National Guard troops, 700 Marines to Los Angeles amid ongoing protests

    Source: Government of India

    Source: Government of India (4)

    U.S. President Donald Trump’s administration has said it is going to deploy 4,000 National Guard troops and 700 Marines to Los Angeles to help protect federal property and personnel during the ongoing protests in the city.

    Here is everything we know about the U.S. troops that are being deployed to Los Angeles:

    WHAT ARE THE DIFFERENT TYPES OF TROOPS SENT TO LA?

    National guard troops usually belong to individual states and personnel in many cases are trained to help with emergencies that those states have to deal with, such as natural disasters.

    Since they are the reserve force of the U.S. military, National Guard troops are usually part time, meaning that they have other jobs as well.

    U.S. Marines on the other hand are active duty troops – it is a full time job.

    Marines are trained for conflicts around the world – from the Middle East to Africa – and are used for rapid global deployments in case of emergencies, such as threats to U.S. embassies.

    All those troops will come under a task force, known as Task Force 51.

    HOW CAN TROOPS LEGALLY BE DEPLOYED WITHIN THE UNITED STATES?

    Trump cited Title 10 of the U.S. Code, a federal law that outlines the role of the U.S. Armed Forces, in his June 7 order to call members of the California National Guard into federal service.

    A provision of Title 10 – Section 12406- allows the president to deploy National Guard units into federal service if the U.S. is invaded, there is a “rebellion or danger of rebellion” or the president is “unable with the regular forces to execute the laws of the United States.”

    The president also has the authority to deploy active duty troops, like the Marines, within the United States in limited cases.

    WHERE ARE THE TROOPS COMING FROM?

    Many of the 4,000 National Guard troops are coming from the California National Guard. So far, 2,100 soldiers from the 79th Infantry Brigade Combat Team, a unit of the California National Guard, are on the ground.

    The Marines being deployed are from the 2nd Battalion, 7th Marines, 1st Marine Division. They are based out of Twentynine Palms, close to Los Angeles.

    WHAT CAN TROOPS DO AND WHAT CAN THEY NOT DO?

    Both National Guard troops and Marines will be carrying out the same tasks, according to U.S. Army Major General Scott Sherman, who is commanding the troops.

    They are tasked with protecting federal property and federal personnel. This means that they will accompany ICE agents on raids, officials have said.

    The troops are authorized to detain people who pose a threat to federal personnel or property, but only until police can arrest them. Military officials are not allowed to carry out arrests themselves.

    The Posse Comitatus Act, generally forbids the U.S. military, including the National Guard, from taking part in civilian law enforcement.

    Trump could take a more far-reaching step by invoking the Insurrection Act, which would allow troops to directly participate in civilian law enforcement.

    WHAT TRAINING WILL THE TROOPS RECEIVE?

    Troops receive varying levels of training in dealing with riots and crowd control.

    Since National Guard troops are used domestically in many cases, they receive extensive training when it comes to crowd control and civil unrest.

    While Marines may receive a basic level of crowd control training, it is not their expertise in domestic situations. The 700 Marines will receive two days of training focused on civil disturbance, crowd control and protection of facilities, before they are deployed to the streets of Los Angeles.

    The Marines will also have added “legal and law enforcement expertise,” the military said.

    WHAT WILL TROOPS BE ARMED WITH?

    National Guard troops have been seen carrying shields, batons and rifles, along with regular protective equipment.

    The Marines will also be armed with riot shields and batons, and Sherman said they will not have ammunition in their rifles, but they will carry it.

    (Reuters)

  • Sensex, Nifty trade flat in early session amid sectoral weakness

    Source: Government of India

    Source: Government of India (4)

    Indian benchmark indices opened on a flat note on Thursday as investors remained cautious ahead of key retail inflation data. Early trade witnessed selling pressure in the auto, IT, and PSU Bank sectors.

    As of 9:28 a.m., the Sensex was trading 69.22 points, or 0.08 per cent higher, at 82,584.36, while the Nifty rose 23.65 points, or 0.09 per cent, to 25,165.05.

    The Nifty Bank index was up 98.65 points, or 0.17 per cent, at 56,558.40. Meanwhile, the Nifty Midcap 100 was trading at 59,267.75, down 120.40 points or 0.20 per cent, and the Nifty Smallcap 100 stood at 18,772.35, having declined by 26.40 points or 0.14 per cent.

    According to analysts, although the Nifty closed higher in the previous session, it retreated from its intra-day high. Technically, the candle formed was a doji with a slightly extended upper shadow, following the ‘upside-gap two crows’ pattern. Analysts suggest that the bulls now have the responsibility to defend the 25,029 level in the near term.

    “If bears manage to push the index below the 24,987–25,029 zone, a test of the 24,800–24,863 range becomes highly probable,” said Akshay Chinchalkar, Head of Research at Axis Securities.

    Among Sensex constituents, Asian Paints, Sun Pharma, Bajaj Finserv, Bharti Airtel, Bajaj Finance, NTPC, and HDFC Bank emerged as the top gainers. In contrast, Infosys, Eternal, Tata Motors, Tech Mahindra, HCL Tech, Tata Steel, and IndusInd Bank were among the top losers.

    In Asian markets, Hong Kong, Bangkok, Jakarta, and Japan were trading in the red, while Seoul and China saw gains.

    In the previous trading session, the Dow Jones Industrial Average closed marginally lower at 42,865.77, down 1.10 points, or 0.00 per cent. The S&P 500 fell 16.57 points, or 0.27 per cent, to 6,022.24, while the Nasdaq dropped 99.11 points, or 0.50 per cent, to close at 19,615.88.

    Experts suggest the market’s recent flat trend is likely to persist in the near term due to a lack of clear positive triggers.

    “There are reports of a potential agreement between the US and China, but no official confirmation has come from the Chinese side,” noted analysts.

    “Additionally, U.S. President Donald Trump has announced plans to send letters to trade partners within the next two weeks, outlining universal tariffs. Market participants are waiting for more clarity, as the tariff crisis is far from resolved,” said Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    On the institutional front, foreign institutional investors (FIIs) were net sellers, offloading equities worth ₹446.31 crore on June 11. Meanwhile, domestic institutional investors (DIIs) were net buyers, purchasing equities worth ₹1,584.87 crore.

    IANS

  • United Nations to vote to demand immediate Gaza ceasefire over US, Israel opposition

    Source: Government of India

    Source: Government of India (4)

    The United Nations General Assembly will vote on Thursday on a draft resolution that demands an immediate, unconditional and permanent ceasefire in the war in Gaza after the United States vetoed a similar effort in the Security Council last week.

    The 193-member General Assembly is likely to adopt the text with overwhelming support, diplomats say, despite Israel lobbying countries this week against taking part in what it called a “politically-motivated, counter-productive charade.”

    General Assembly resolutions are not binding but carry weight as a reflection of the global view on the war. Previous demands by the body for an end to the war between Israel and Palestinian militants Hamas have been ignored. Unlike the U.N. Security Council, no country has a veto in the General Assembly.

    Thursday’s vote also comes ahead of a U.N. conference next week that aims to reinvigorate an international push for a two-state solution between Israel and the Palestinians. The United States has urged countries not to attend.

    In a note seen by Reuters, the U.S. warned that “countries that take anti-Israel actions on the heels of the conference will be viewed as acting in opposition to U.S. foreign policy interests and could face diplomatic consequences.”

    The U.S. last week vetoed a draft U.N. Security Council resolution that also demanded an “immediate, unconditional and permanent ceasefire” and unhindered aid access in Gaza, arguing it would undermine U.S.-led efforts to broker a ceasefire.

    The other 14 countries on the council voted in favor of the draft as a humanitarian crisis grips the enclave of more than 2 million people, where the U.N. warns famine looms and aid has only trickled in since Israel lifted an 11-week blockade last month.

    ‘FALSE AND DEFAMATORY’

    The draft resolution to be voted on by the General Assembly on Thursday demands the release of hostages held by Hamas, the return of Palestinian prisoners detained by Israel and the full withdrawal of Israeli forces from Gaza.

    It demands unhindered aid access and “strongly condemns the use of starvation of civilians as a method of warfare and the unlawful denial of humanitarian access and depriving civilians … of objects indispensable to their survival, including willfully impeding relief supply and access.”

    “This is both false and defamatory,” Israel’s U.N. Ambassador Danny Danon wrote in a letter to U.N. member states, sent on Tuesday and seen by Reuters.

    Danon described the General Assembly draft resolution as an “immensely flawed and harmful text,” urging countries not to take part in what he said was a “farce” that undermines hostage negotiations and fails to condemn Hamas.

    In October 2023 the General Assembly called for an immediate humanitarian truce in Gaza with 120 votes in favor. In December 2023, 153 countries voted to demand an immediate humanitarian ceasefire. Then in December last year the body demanded – with 158 votes in favor – an immediate, unconditional and permanent ceasefire.

    The war in Gaza has raged since 2023 after Hamas militants killed 1,200 people in Israel in an October 7 attack and took some 250 hostages back to the enclave, according to Israeli tallies. Many of those killed or captured were civilians.

    Israel responded with a military campaign that has killed over 54,000 Palestinians, according to Gaza health authorities. They say civilians have borne the brunt of the attacks and that thousands more bodies have been lost under rubble.

    -Reuters