Washington, D.C
PM Modi lands in Washington, D.C. to begin 2-day US visit; Income Tax Bill 2025 to be tabled today: Key changes explained; Tech & more
PM Modi lands in Washington, D.C. to begin two-day US visit
Prime Minister Narendra Modi landed in US in the early hours of Thursday, February 13 (IST), as part of the second leg of his two-nation tour. He will be meeting US President Donald Trump during his visit.The Indian diaspora in Washington, D.C welcomed the PM after he landed.
During his two-day visit, the Prime Minister will meet the new US President Donald Trump to hold bilateral talks in both restricted and delegation-level formats. The two leaders are likely to discuss key trade and strategic interests, focusing on reducing the trade deficit, reducing import tariffs, strengthening defence ties, and boosting energy cooperation.
HAL shares likely to see 50% upside from the current market price
Shares of state-run Hindustan Aeronautics Ltd have lost 37% of their value over the last seven months. But the Dalal Street has a consensus target price of ₹5340 per piece, implying a 50% upside from the current market price.
The stock of defence PSU major ended Wednesday’s (February 12) session at ₹3594.15 on the NSE, down 1.5% from previous day close. The stock has given 14% of its value in 2025 so far, after consistently outperforming in the last five years through 2024.The state-owned defence major on February 12 reported 14% jump in consolidated net profit at ₹1,440 crore for the quarter ended December 2024, driven by sustained demand for its aircraft from the defence ministry. It reported a consolidated net profit of ₹1,261 crore in the year-ago period. The defence PSU’s revenue from operations surged 15% to ₹6957 crore during the quarter.
Trump says to sign order on reciprocal tariffs today or tomorrow
US President Donald Trump committed Wednesday to announcing “reciprocal tariffs” on other countries, saying he could sign an order for them within a day, a move that could open new fronts in a trade war.
During election campaigning, Trump had promised: “An eye for an eye, a tariff for a tariff, same exact amount.” Analysts expect reciprocal duties involve hiking tariff rates on US imports to match the rate that exporting countries charge on American products.Speaking in the Oval Office on Wednesday, Trump said that he could sign an order for reciprocal duties later in the day, or on Thursday morning. Analysts have warned that such levies could bring a broad tariff hike to emerging market economies like India and Thailand.
Income Tax Bill 2025 to be tabled today: Key changes explained
The proposed Income Tax Bill 2025 will be tabled in Parliament on Thursday (February 13). The bill aims to replace the Income Tax Act of 1961 with a more structured and simplified version of tax law. It has already been circulated among Parliament members and may take effect from April 1, 2026, once passed.
Structural overhaul and simplification | The new bill restructures tax law by reducing the number of chapters from 51 to 23. However, the number of sections has increased from 298 to 536. The word count has also been cut by half from the existing 5.20 lakh words, making it concise and easier to interpret.
Exclusive | Zero tariffs will help India become competitive in chipmaking: US semiconductor body
India should consider zero tariffs on semiconductor manufacturing if it wants to become a significant player in global supply chains, says John Neuffer, President and CEO of the US Semiconductor Industry Association.In an exclusive chat with CNBC-TV18, Neuffer emphasised that while India is on the right trajectory in growing its chip-manufacturing footprint, it is important to have a lower tariff and more conducive trade policy. “US is already getting zero tariff treatment from chip supply chain partners around the world but not from India”, he said. He added that more investments in skilling people — not just in design but actual chip manufacturing — would pay off in the long run.
Google I/O 2025 set for May 20-21: Gemini, Android 16, and more on the agenda
Google I/O 2025: Google has officially announced the dates for its annual developer conference, I/O 2025, scheduled to take place from Tuesday, May 20, to Wednesday, May 21.
The event will return to the Shoreline Amphitheater in Mountain View, California, kicking off with a keynote by CEO Sundar Pichai at 10 am PT (10.30 pm IST).This year’s I/O promises a deep dive into Google’s latest products, with a strong focus on artificial intelligence, Android 16, and advancements in web and cloud technologies.
Google has also teased updates on its Gemini AI models, the Gemma open model, Google AI Studio, and NotebookLM.In a new format twist, Google will livestream developer product keynotes from Shoreline across both days, followed by breakout sessions, workshops, demos, and networking opportunities.
SEBI announces ‘MITRA’ platform to help investors track unclaimed mutual fund folios
Market regulator Securities Exchange Board of India (SEBI) has launched a new platform, ‘MITRA’ (Mutual Fund Investment Tracing and Retrieval Assistant), to help investors trace their unclaimed or inactive mutual fund folios.
Over the years, many investors have lost track of their investments, particularly those made in physical form with minimal KYC requirements. In some cases, mutual fund folios do not appear in a unit holder’s consolidated account statement due to missing details such as PAN, email ID, or a valid address.Since inactive accounts are vulnerable to fraudulent redemptions, SEBI has directed Registrar and Transfer Agents (RTAs) like CAMS and KFin Technologies to collaborate with Asset Management Companies (AMCs) to launch the ‘MITRA’ platform.
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West Bengal hikes DA by 4%: Who benefits and what it means
The West Bengal government has announced a 4% increase in dearness allowance (DA) for state employees and pensioners. The hike, effective from April 1, 2025, was revealed in the state budget presented by Finance Minister Chandrima Bhattacharya on Wednesday (February 12).
Dearness allowance is a cost-of-living adjustment provided to government employees and pensioners. It helps them cope with inflation and rising prices.DA is calculated as a percentage of basic salary or pension and revised periodically.
This Coimbatore company just gave 140 employees ₹14 crore in bonus
An AI startup company from Coimbatore has done what most startups only dream of doing. The company, named Kovai.co, has given a bonus of ₹ 14 crore to its 140 employees.
Kovai.co is named after the city of Coimbatore. This startup provides business-to-business software solutions (SaaS) and was started by Saravanakumar in 2011. Today, this company is providing its services to big corporations like BBC, Boeing and Shell.Its founder, 48-year-old Saravanakumar, belongs to Coimbatore but had moved to London 25 years ago. Saravanakumar said that he was an ordinary IT employee for 10 years, but when he saw a void in the market, he decided to start his own company in his hometown.
India needs more local investors in alternative investment funds
A new report by Crisil Market Intelligence and Oister Global has revealed that Alternate Investment Funds (AIFs) investing in private markets have consistently generated superior returns compared to public market equivalents, demonstrating their strong investment potential even during periods of robust public market performance.AIFs have grown 86 times between 2014 and 2024, reflecting a compound annual growth rate (CAGR) of approximately 31.5% over the past five years, according to the report. “The IRR of 21.5% for the aggregate AIF benchmark significantly outperforms the listed market even today. This makes a compelling case for investors considering this asset class,” Sandeep Sinha, Co-Founder and Co-CEO of Oister Global, told CNBC-TV18.
We’ll see you tomorrow with another 11:11
Washington, D.C
Tax expert explains DC filing season amid Congress-District dispute
WASHINGTON (7News) — D.C. taxpayers may be confused by back-and-forth between the D.C. City Council and Congress over taxprovision. The city’s financial officer sent a letter to Mayor Muriel Bowser and D.C. Council Chair Phil Mendelson, that said the District’s tax laws will not change, despite recent actions by Congress.
7News spoke to director of Tax Policy at the Center for American Progress Corey Husak to explain the complicated tax policy.
“The short answer is, nothing changes. Filing Season can continue as it has been, continue as planned, and according to the laws as we understood them in January,” said Husak.
“If you’ve already filed your taxes, you don’t have to change anything. And if you want to file your taxes, the rules are still the same as they were on the books before,” said Husak.
RELATED | DC Council Chairman talks taxes, budget, bodycams, federal surge
Chief Financial Officer Glen Lee’s revenue estimate issued Friday does not include an estimated $180 million expected this fiscal year from the city’s decoupling law, “due to the uncertainty of the associated revenue as a result of Joint Resolution 142,” according to a released letter.
“The CFO was in a tough spot here. If he agreed with Congress, then businesses and overtime workers will get bigger refunds. But if he agreed with the Mayor and the Attorney General, then families with children and lower income workers would get bigger tax cuts,” said Husak.
SEE MORE | Development of new Commanders stadium scrutinized at DC oversight hearing
“We as District residents can’t control, you know what happens in the courts, what happens in, you know, what Congress does in the future,” said Husak. “But for now, the CFO has said, you know this is, this is a law as it stands, and the law that I’m going to enforce so, you know, file your legally obligated taxes, and maybe in the future, there’ll be a surprise.”
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7News spoke to director of Tax Policy at the Center for American Progress Corey Husak to explain the complicated tax policy (7News).{ }
Washington, D.C
CHERRY BLOSSOM COUNTDOWN: Peak Bloom prediction drops Thursday
WASHINGTON (7News) — The nation’s capital is just about ready to be transformed into a breathtaking pastel landscape of cherry trees in bloom. The famed blossoms around the Tidal Basin are not only a symbol of spring’s arrival, but also of a long-standing friendship — a gift of more than 3,000 trees from Tokyo, Japan, to the United States in 1912.
So what is considered “Peak Bloom”?
The National Park Service (NPS) defines peak bloom as the time when at least 70% of the Yoshino cherry trees around the Tidal Basin have opened their blossoms. This is the period when the blossoms appear most full and spectacular and most ideal for photos, and soaking up spring’s beauty here in DC.
Because cherry trees respond to the cumulative effects of winter and spring weather, especially daily temperatures, it’s very difficult to predict peak bloom more than about 10 days in advance. Warm spells accelerate blooming; cold snaps slow it down.
Average Timing — What History Shows
Since 1921 overall, national data indicate peak bloom typically fell around early April (April 4), based on historical averages.
Since 1990, the average has kept shifting earlier and earlier. In fact, the last 6 years our peak has occurred in late March.
These shifts reflect how warmer springs have nudged peak bloom earlier over the decades.
Earliest & Latest Blooms on Record
Earliest peak bloom: March 15 — recorded in 1990.
Latest peak bloom: April 18 — recorded in 1958.
Of course, most years fall between those dates, with the last week of March to the first week of April historically being the most consistent window for peak bloom.
Earliest Peak Bloom Washington DC
Recent peak blooms show how variable and climate-dependent the timing can be:
2025: The National Park Service predicted peak bloom between March 28–31 (and confirmed the official peak around March 28).
2024: Peak bloom arrived very early, on March 17, several days ahead of NPS projections — tied for one of the earliest peaks in decades.
These examples demonstrate not only how much each season can differ, but also a trend toward earlier spring blossoms in recent years.
What to Expect for Spring 2026
As of early March 2026, the cherry trees are still dormant. The buds haven’t begun significant growth yet. The weather will become more critical in the weeks leading up to the bloom will be the biggest factor in determining when peak bloom happens in 2026.
Heavy winter cold, as experienced this year, tends to delay bloom compared with recent early springs. In contrast, an early warm stretch could push peak bloom earlier — as long as it doesn’t come with subsequent frost.
Look for the green bud stage first. This is when the buds are small, tight, and green, with no sign of petals yet. Trees are still several weeks from blooming.
Tips for Cherry Blossom Visitors
Plan in the “sweet spot” — peak bloom often lasts a few days to about a week, but weather (rain, wind, heat) can shorten that window.
Visit slightly before or after the predicted peak dates for smaller crowds and extended color. Blossoms can be gorgeous even before 70% bloom or as petals begin falling.
Check NPS updates and First Alert Weather forecasts in late March for tweaked peak bloom dates.
The cherry blossoms of Washington, D.C. remain one of the most iconic harbingers of spring in the U.S., and while exact bloom dates vary year-to-year, history and natural patterns point to late March through early April as your best bet for seeing the Tidal Basin in full floral glory.
Washington, D.C
Fact Check Team: Iran conflict revives Washington fight over who can authorize US force
WASHINGTON (TNND) — As the war in Iran intensifies across the Middle East, a constitutional battle is unfolding in Washington over a fundamental question: Who has the authority to declare war, Congress or the president?
The debate focuses on the War Powers Resolution, a 1973 law designed to prevent years-long military conflicts without congressional approval. Lawmakers passed the measure in the aftermath of the Vietnam War to reclaim authority they believed had drifted too far toward the executive branch.
What Is the War Powers Resolution?
The War Powers Resolution was intended to put limits on a president’s ability to send U.S. troops into combat without Congress signing off.
Under the law, a president can deploy forces into hostilities only if Congress has formally declared war, passed a specific authorization for the use of military force, or the U.S. has been attacked.
The resolution also sets strict deadlines.
The president must notify Congress within 48 hours of introducing U.S. forces into hostilities. From there, a 60-day clock begins. If Congress does not approve the military action within that time, troops must be withdrawn — though the law allows an additional 30-day wind-down period.
Some argue the law was crafted to prevent “never-ending wars.” While others say presidents from both parties have routinely stretched and sidestepped its requirements.
WASHINGTON, DC – JANUARY 14: Sen. Cory Booker (D-NJ) visits with Senate pages in the basement of the U.S. Capitol Police ahead of a vote on January 14, 2026 in Washington, DC. Republicans voted to block a Venezuela war powers resolution after receiving assurances from President Donald Trump and Secretary of State Marco Rubio of no U.S. forces remaining in Venezuela and pledges for congressional involvement in major future operations. (Photo by Chip Somodevilla/Getty Images)
What Does the Constitution Say?
The War Powers Resolution is rooted directly in the U.S. Constitution.
Article I, Section 8 gives Congress — not the president — the power “to declare War.”
Article II, Section 2 names the president as Commander-in-Chief of the Army and Navy.
In simple terms, Congress decides whether the country goes to war. The president directs the military once it is engaged.
The framers intentionally split that authority. Their goal was to avoid concentrating too much war-making power in one person — likely a reaction to the monarchy they had just broken away from.
But how that balance plays out in real time is often a legal and political fight. At times, disputes over war powers have reached the courts, though Congress and the executive branch frequently resolve them through political pressure rather than judicial rulings.
A Pattern of Stretching the War Powers Resolution
Essentially, every president since 1973 has pushed the boundaries of the War Powers Resolution rather than fully complying with its original intent. As the Council on Foreign Relations explains, the resolution was designed to “provide presidents with the leeway to respond to attacks or other emergencies” but also to **require termination of combat after 60 to 90 days unless Congress authorizes continuation.”
For example:
- Ronald Reagan ordered the U.S. invasion of Grenada in 1983 without prior congressional authorization, later reporting to Congress in a manner “consistent with” the resolution.
- Bill Clinton directed the 1999 NATO air campaign in Kosovo after congressional authorization efforts failed, continuing U.S. engagement beyond the WPR’s typical 60-day reporting window.
- Barack Obama oversaw U.S. participation in the 2011 Libya campaign, arguing that limited strikes did not trigger the full force of the WPR’s time limits.
In more recent years, Donald Trump’s administration has once again brought these issues to the forefront.
War Powers Arguments from the White House
The Trump administration’s principal legal rationale has centered on two points:
Short-term strikes or limited military actions do not always trigger the full 60-day clock under the War Powers Resolution, especially when described as defensive, limited in scope, or tied to national security emergencies rather than prolonged hostilities. In some cases, the White House relies on prior Authorizations for Use of Military Force (AUMFs) or other statutory authorities rather than seeking new congressional approval.
Current Public Opinion on Iran Strikes
Public opinion reflects significant skepticism about the current U.S. military engagement with Iran. A recent Reuters/Ipsos poll found that just 27% of Americans support the recent U.S. and allied strikes on Iran, while 43% disapprove and 29% remain uncertain.
Another national poll conducted by SSRS for CNN found that nearly 60% of U.S. citizens disapprove of the military actions, and a similar share said that President Trump should seek Congressional authorization for further action.
Beyond polling, internal deliberations in Congress have already begun. Both Democratic and Republican lawmakers have pushed for votes on war powers resolutions that would seek to limit or require authorization for further military action against Iran. Past attempts to pass similar restraints have failed, reflecting deep partisan divisions and the complexities of enforcing the War Powers Resolution.
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