In international news, tensions between Elon Musk and Donald Trump escalated, threatening SpaceX's government contracts and impacting the U.S. space program. The Kremlin expressed gratitude to the U.S. for mediation efforts, while Canada and China agreed to strengthen bilateral ties. The Enforcement Directorate conducted raids in Mumbai and Kochi related to a desilting case, and the Supreme Court extended the NEET PG exam date. Additionally, OpenAI announced plans to appeal a lawsuit from The New York Times regarding data retention.
Key takeaways:
- Prime Minister Narendra Modi inaugurated multiple development projects, including the Chenab Rail Bridge, and emphasized empowering poor and middle-class citizens.
- The RBI's Monetary Policy Committee reduced the repo rate by 50 basis points to 5.5%, aiming to boost economic activity and consumer consumption.
- Elon Musk and Donald Trump's public fallout threatens SpaceX's government contracts, potentially impacting U.S. space programs.
- OpenAI is appealing a lawsuit from The New York Times demanding the retention of ChatGPT and API customer data indefinitely.