Policy & Government

A U.S. trade court struck down Trump's 10% baseline tariffs, which were introduced in February after the Supreme Court had already invalidated his broader "Liberation Day" duties. The ruling adds to growing legal uncertainty around executive tariff authority, with likely appeals ahead.

TVK founder Chandrasekar Joseph Vijay has been appointed Tamil Nadu Chief Minister by Governor Rajendra Arlekar after his party secured majority support. He will be sworn in on May 10, marking a dramatic political debut for the actor-turned-politician in one of India's most economically significant states.

TVK president Vijay will be sworn in as Tamil Nadu Chief Minister on May 10, leading a coalition that has secured 120 seats through support from Congress, CPI, CPI-M, VCK, and IUML. The alliance clears the 118-seat majority threshold but governs with a slim margin across five partner parties.

India has published implementing rules to fully operationalise four labour codes that consolidate 29 central laws on wages, industrial relations, social security, and occupational safety.

Andhra Pradesh CM Chandrababu Naidu and Deputy CM Pawan Kalyan congratulated Suvendu Adhikari on being sworn in as West Bengal Chief Minister, attributing the BJP's win to public trust in PM Modi. The result ends over a decade of Trinamool Congress rule in the state.

Congress has demanded a parliamentary debate after China confirmed for the first time that it provided on-site technical support to Pakistan during the four-day Operation Sindoor conflict with India.

The U.S. Senate Banking Committee has set a May 14 vote on a bill to establish federal oversight rules for digital assets. Passing committee would mark the biggest legislative step forward for the crypto industry in years.

Trump's tariff program remains highly unstable, with rates changed repeatedly, some struck down by federal courts, and more duties reportedly in the pipeline. Businesses face compressed planning windows as import costs can shift before goods even clear customs.

Lieutenant General NS Raja Subramani has been appointed India's Chief of Defence Staff, effective immediately, also taking charge as Secretary of the Department of Military Affairs. The CDS role drives tri-service integration and India's long-running military restructuring agenda.

Suvendu Adhikari, chief minister-elect of West Bengal, declared the BJP's win a historic shift and promised a "double-engine" administration aligned with the central government.

The government has appointed Lt Gen NS Raja Subramani (Retd) as India's next Chief of Defence Staff. He currently serves as Military Adviser to the National Security Council Secretariat and will take charge of coordinating the country's three armed services.

Suvendu Adhikari was sworn in as West Bengal's first BJP Chief Minister, with Governor R.N. Ravi administering the oath in the presence of PM Modi and top NDA leaders. The BJP win ends over a decade of Trinamool Congress rule in a state with 42 Lok Sabha seats.

Prime Minister Narendra Modi attended the swearing-in ceremony of the BJP's first-ever state government in West Bengal. The political milestone ends the party's long pursuit of power in one of India's most competitive and historically Left-leaning states.

Tamil Nadu's Assembly elections have resulted in a hung assembly, with Vijay's TVK close to but short of a majority. Coalition talks are underway, delaying government formation in one of India's key industrial states.

The BJP won 207 of 293 West Bengal Assembly seats, ending 15 years of TMC rule under Mamata Banerjee. Suvendu Adhikari is being sworn in as the state's first BJP Chief Minister.

The US Court of International Trade has struck down Trump's global 10% tariff, ruling it illegal days after the Supreme Court invalidated the emergency tariff it replaced. Trump now heads into talks with China's Xi Jinping next week with his main source of trade leverage removed.

SEBI has proposed sweeping changes to share buyback rules, including removing the mandatory merchant banker requirement and tightening safeguards around minimum public shareholding norms.

President Trump plans to remove FDA Commissioner Marty Makary amid disputes over vaping policy, the abortion pill, and drug rejections. A leadership change at the agency could shift approval timelines and regulatory priorities affecting pharma and biotech sectors.

Actor-politician Vijay is set to take oath as Tamil Nadu Chief Minister at 11 AM on Saturday after meeting the Governor on Friday. He secured coalition support from TVK, the Left, and Congress to stake his claim to form the government.

CBDT has identified its top 10,000 arrear cases, representing Rs 2.57 lakh crore in outstanding tax demand, as its primary collection target for FY27. The department will also track top advance-tax payers and scrutinise potential misuse of exemptions and deductions.