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
What’s that noise? What you need to know about D.C. flyovers Friday and Saturday – WTOP News
Reagan National Airport will close for America 250 flyover rehearsals Friday and celebrations Saturday featuring the Thunderbirds, Blue Angels and more.
Reagan National Airport will close from 10 a.m. to 1 p.m. Friday for rehearsals ahead of this weekend’s America 250 celebrations, meaning people around D.C., Arlington and Alexandria may hear and see low-flying military aircraft.
According to Freedom 250 event organizers, Friday’s “Wings of Freedom” demonstrations over the National Mall will feature parachute teams, helicopters and military aircraft, including the U.S. Marine Corps’ MV-22 Osprey and F-35B, the Navy’s F-18F and F-35C, the Air Force’s F-22 Raptor, the Thunderbirds and a tri-bomber formation.
On Saturday, the FAA will close the airport from noon to midnight for the full celebration. All arrivals and departures at Reagan National are scheduled to end before noon.
Flyovers and demonstrations are scheduled throughout the afternoon and evening along the National Mall and Washington Monument grounds, including appearances by Air Force One, the Thunderbirds, Blue Angels, military aircraft fleet reviews, parachute demonstrations and B-2 stealth bombers.
Highlights include an Air Force One flyover scheduled for 7:03 p.m., a Thunderbirds demonstration beginning at 6:25 p.m., a tri-bomber formation at 6:02 p.m. and a stealth aircraft flyover at 7:38 p.m.
Friday’s schedule of flyovers and demonstration rehearsals along the National Mall and Washington Monument
- 10 a.m.: Golden Knights, Leap Frogs
- 10:15 a.m.: Army Helo Flyover
- 10:20 a.m.: USMC V-22 Osprey Demo
- 10:35 a.m.: USMC F-35B STOVL Demo
- 10:50 a.m.: USN F-18F Demo
- 11:10 a.m.: USN F-35C Demo Team
- 11:30 a.m.: USAF F-22 Raptor Demo
- 11:50 a.m.: NASA F-5s
- 12 p.m.: HUGE (1) Formation
- 12:05 p.m.: USAF Thunderbirds
- 12:55 p.m.: USAF Tri-Bomber
Saturday’s schedule of flyovers and demonstration along the National Mall and Washington Monument
- 1:14 p.m.: – NASA F-5 Flyover
- 1:24 p.m.: -NASA Fleet Review
- 1:44 p.m.: USCG Helo Flyover
- 1:54 p.m.: USCG Fixed Wing Flyover
- 2:09 p.m.: Golden Knights, Leap Frogs
- 2:29 p.m.: Army Helo Flyover
- 2:44 p.m.: USAF Fleet Review – Wave 1 – Heavies
- 2:54 p.m.: USAF Fleet Review – Wave 2 – AFSOC
- 3:04 p.m.: USAF Fleet Review – Wave 3 – Fighters
- 3:29 p.m.: Executive Rotary Wing Airlift
- 3:39 p.m.: USMC Fleet Review – Wave 1 – Rotary
- 3:49 p.m.: USMC Fleet Review – Wave 2 – Fixed Wing
- 3:59 p.m.: USN Fleet Review – Wave 1 – Rotary
- 4:09 p.m.: USN Fleet Review – Wave 2 – Fixed Wing
- 4:19 p.m.: USN Fleet Review – Wave 3 – Fighters
- 4:21 p.m.: USN F-18F Demonstration
- 4:59 p.m.: USN Blue Angels
- 5:26 p.m.: USMC MV-22 Osprey Demonstration
- 5:44 p.m.: USAF Fleet Review – Fighters
- 6:02 p.m.: USAF Tri-Bomber Formation
- 6:05 p.m.: USN F-35C Demonstration
- 6:25 p.m.: USAF Thunderbirds Demonstration
- 7:03 p.m.: Air Force One Flyover
- 7:07 p.m.: USAF Thunderbirds Delta Break
- 7:17 p.m.: HUGE 1 Flyover Led by the Newly Renovated Air Force One
- 7:38 p.m.: U.S. Stealth Airpower Flyover
- 7:39 p.m.: F-22 Raptor Demo
- 7:53 p.m.: F-22 Raptor in Afterburner
- 7:59 p.m.: B-1 Flyover
- 8:07 p.m.: B-1’s in Afterburner
- 8:11 p.m.: HUGE ONE Fly Over Review
- 8:22 p.m.: Golden Knights Twilight Jump
- 10:36 p.m.: B-1 Afterburner Night Pass
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Washington, D.C
Air Force officer arrested at Capitol after calling for Trump’s impeachment
An Air Force major was arrested in uniform on the steps of the Capitol after he called for the impeachment of President Donald Trump.
U.S. Capitol Police arrested Jason Watson, an active-duty service member, on Wednesday afternoon following remarks at a news conference where he said Trump and Vice President JD Vance should be removed from office.
The event was organized by the Removal Coalition, a group that lobbies members of Congress to impeach Trump, and attended by Rep. Al Green, D-Texas, who has repeatedly introduced articles of impeachment against Trump.
“I’m here with him because Rep. Green is the only member of Congress that has demonstrated the courage and conviction to … force a vote on articles of impeachment,” Watson said at the event. “If Congress followed his example, we could remove the entire Trump administration, but Congress remains unconvinced of the urgency and necessity for them to honor their oaths, so we must persuade them with our unrelenting, uncompromising civil resistance.”
Watson said he is not a Democrat and does not share policy positions with Green, who lost his re-election bid this year. Green’s office did not immediately respond to a request for comment on Watson’s arrest.
Capitol Police said in a statement that it “is generally against the law for the public to demonstrate on the House Steps unless they are with a Member of Congress.”
“Yesterday afternoon, a man was escorted to the House Steps by a Member of Congress,” the statement said. “When the Member of Congress left the area, our officers gave the man lawful orders to stop the illegal demonstration or he would be arrested. The man refused our lawful orders.”
Capitol Police identified the man as Watson, adding that he was arrested on charges of “Crowding, Obstructing, and Incommoding” and that it is legal to protest in other spots on the Capitol grounds.
Service members are subject to stricter laws than the average citizen when it comes to protesting. The Uniform Code of Military Justice prohibits officers from “using contemptuous language towards the President, Vice president, the Secretaries of War and of a military department, Congress, and certain other officials,” according to an Air Force memo last year.
An Air Force spokesperson said in a statement Thursday: “Service members must comply with all laws, regulations and policies governing conduct and the wear of the uniform. All Department of the Air Force personnel are expected to uphold the highest standards of discipline and professionalism, both on and off duty.”
All service members, not just members of the Air Force, are prohibited from participating in “political activities” in uniform.
Watson’s criticism of Trump and Vance focused on the administration’s actions in Venezuela and Iran, calling them “an unconstitutional usurpation of Congress’ authority and a violation of the War Powers Clause.”
“These violations resulted in the deaths of 13 service members and injuries of hundreds more,” he said, referring to the number of U.S. military deaths tied to the Iran war. “For this, the president and vice president must be impeached, convicted and removed.”
Watson also called the administration’s immigration policies and tactics unconstitutional.
The Removal Coalition did not immediately respond to a request for comment, and Watson could not be reached.
President Donald Trump responded to criticism of a financial disclosure that listed $1.4 billion in crypto earnings largely driven by meme coins.
Washington, D.C
Hegseth faces protests at ‘Safe and Beautiful’ Washington, DC ceremony
Berk Kutay Gökmen
02 July 2026•Update: 02 July 2026
US Defense Secretary Hegseth on Thursday faced protesters while hosting the Trump administration’s DC Safe and Beautiful Task Force ceremony in Washington DC.
During the ceremony at Meridian Hill Park, which saw the gathering of National Guardsmen, dozens of demonstrators gathered near the park to protest Hegseth.
Footage shows the demonstrators chanting a short distance away from where Hegseth and roughly 200 members of the National Guard had gathered in the park
In social media posts, one protester was seen holding a Palestinian flag, while another person was holding a sign that reads “arrest Hegseth.” The protesters want a “Free DC,” according to social media posts.
In his address to the National Guard, Hegseth said that “this background noise is perfect,” referring to the protests.
“It’s the sound of ingrates, of ingratitude—of people who are so blinded by ideology they can’t see law and order and common sense in front of them,” he said.
Meridian Hill Park was repaired by the National Park Service and the Interior Department as part of a larger initiative to restore and enhance federal parks and public spaces throughout the nation’s capital in preparation for America’s 250th anniversary, which falls on this Saturday, July 4.
Though such beautification projects are typically popular with the public, the current initiative has been controversial both for its choice of projects and the use of no-bid contracts to hire firms to do the work, sometimes with disappointing results.
The work aligns with President Donald Trump’s DC Safe and Beautiful Task Force, established by a March 2025 executive order that directs federal agencies to coordinate public safety and beautification efforts across Washington.
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