The government has established a panel to investigate the assets of politicians and public officials, covering the period from 2006 to the present. The move signals an institutional push toward accountability, though the scope, legal authority, and composition of the panel are not detailed in available reporting. Political parties have responded with conditional support, calling for the inquiry to be grounded in evidence and warning that the process should not be weaponized against opposition figures. The dual concern, endorsing scrutiny while flagging selective enforcement risk, reflects a familiar tension in asset-disclosure probes across emerging and transitional democracies. How the panel defines its mandate and which cases it prioritizes first will determine whether it functions as a credible anti-corruption instrument or a politically directed exercise. Observers should watch for the panel's formal terms of reference, any prosecutorial or referral powers it holds, and whether its findings are subject to independent judicial review.
India's Expenditure Finance Committee has cleared a Rs 1.25 lakh crore outlay for India Semiconductor Mission 2.0, up 64 percent from ISM 1.0's Rs 76,000 crore. The proposal now goes to the Cabinet, as two chip plants begin commercial output and a third, CG Semi, is set to open July 4, 2026.
The Supreme Court blocked Trump from firing Federal Reserve board member Lisa Cook, preserving the Fed's independence from presidential removal power. A separate ruling the same day gave Trump broader authority to dismiss leaders of other independent federal agencies.
The US Supreme Court has blocked President Trump's attempt to fire Federal Reserve governor Lisa Cook, who faced unproven mortgage fraud allegations. The ruling preserves Fed independence for now and keeps a politically charged removal case alive in the courts.
The US Supreme Court, splitting along ideological lines, has allowed the Trump administration to end Temporary Protected Status for Haitian and Syrian immigrants.
