The Key Takeaways from the Indian Financial Budget 2025

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On February 1st 2025, the Finance Minister of India, Mrs Nirmala Sitharaman presented the financial budget for the financial year 2024-2025. It was a well-sought-after budget this time as this was the first full-year budget of Modi 3.0. On 31st January, the minister submitted the Economic Survey for the year  2024-2025 with a large set of suggestions for the improvement of the economy. The Minister and the Government deemed the budget will put money in the hands of the people mainly the poor and the middle class. It was a budget representing the core values of GYAN (Garib, Yuva, Annadata, and Nari Shakti) as per PM Modi. India i s expected to post its slowest growth in four years due to a sluggish manufacturing sector, persistent food inflation, stagnant job growth and weak urban consumption. The youth employment is also at 7.5%.  LINK To Newscapsule of January 2025 Major Announcements from the Budget Speech   Fiscal Deficit target- 4.4% No income tax till 12LPA Under the...

News Capsule For The Month of January 2025

Following are the top news for the month.  If you wish to follow and get notifications of future articles, you can sign up using the email on the left sidebar. 

Article of the month


Kerala 

  • Kerala state budget likely on February 7.
  • CM Pinarayi Vijayan says that Sree Narayana Guru was not a proponent of Sanatana Dharma.
  • Peta held a massive event in Kochi targeting seafood. 
  • Kerala to get 20 coaches in Vandebharat in the state. 
  • Tension at Kochi Archbishop House as laity clash with police.
  • The frequency of Water Metro between the Vytilla and Kakkanad routes increased. 
  • Kerala court awards death penalty to Greeshma in Sharon Raj Murder case. 
  • Man-eater tiger found dead in Wayanad.

India 
  • Modi govt has cancelled the release of the 3rd edition of the biennial Good Governance Index. 
  • Gujarat HC raps law machinery for invoking the POCSO Act in a molestation case 8 years after FIR.
  • Delhi assembly elections on February 5, results to be declared on February 8.
  • PM Modi visited Andhra Pradesh and Odisha and held a roadshow in Vishakapatnam. 
  • 'INDIA Bloc For Lok Sabha Polls Only': Tejashwi As Congress-AAP Part Ways In Delhi Polls.
  • All parties released their manifestos and list of candidates for Delhi elections 2025.
  • DU North Campus Bhel Puri seller is now no more as he passed away. 
  • Meet of Vokkaliga seers and leaders to oppose Karnataka's caste census.
  • Jharkhand school principal forces girls to remove shirts, and sends them home in blazers.
  • One of the world’s greatest religious spectacles is underway and the numbers are staggering at Prayagraj in Maha Kumbh Mela. 
  • India calls for the release of Indians serving in the Russian Military Forces. 
  • Saif Ali Khan injured, undergoes surgery after robbery bid at his and Kareena Kapoor's Mumbai home.
  • US opens its fifth consulate in Bengaluru. 
  • Uttarakhand Cabinet Approves UCC Manual as the CM Claims 'Promised Fulfilled'.
  • Kolkata Court awards Life Imprisonment of the accused Sanjoy Roy in the RG Kolkata Case. 
  • Union Home Minister Amit Shah is to visit Mahakumbh today and take a holy dip at Sangam.
  • Foreign Secretary Vikram Misri visited Beijing to repair the broken ties.
  • An agreement was reached to allow the Manasarovar Lake pilgrimage for Indians in China.
  • Cold Play concerts are held in Mumbai and Ahmedabad. 
  • 5 Indian fishermen injured in Sri Lankan Navy firing; MEA summons envoy, lodges strong protest. 
  • 30 people dead, 60 injured in massive Maha Kumbh stampede, confirms DIG.
  • EAM S Jaishankar highlights youth's role in 'Viksit Bharat' at Hansraj College.
  • Haryana CM Nayab Saini takes sip from Yamuna amid 'poisoning' claim: 'Kejriwal has lied'.
World

  • The world population will be 8.09 billion on New Year’s Day after a 71 million increase in 2024. 
  • A car plowed into a crowd on Bourbon Street, New Orleans on New Year's Day. It was deemed a terror attack by the US government. Ten people died in the same. The driver was shot and killed in a gunfight with police. 
  • President Biden said, "We will not tolerate any attack on any of our nation's communities".
  • Trump-backed Mike Johnson becomes the speaker of the House after losing one round of voting. 
  • Congress certified Trump's 2024 victory, four years after a mob of Donald Trump supporters attacked the Capitol. 
  • 36 were killed after multiple earthquakes struck China and Tibet; tremors were also felt in India. 
  • Jean-Marie Le Pen, founder of France’s far-right National Front party, dies at 96
  • Biden says yes, he could have won reelection in an exit or last interview with USA TODAY, President Joe Biden talked about pardons, policy, politics and family.
  • Los Angeles saw its worst wildfires affecting several of its neighbourhoods. 
  • AG Pick Matt Gaetz dropped out of the Cabinet amid a sexual misconduct scandal involving a teenager. 
  • Justin Trudeau resigned as the Canadian PM due to the turmoil within the party.  
  • The judge gave Trump 'unconditional discharge' to respect the presidency.
  • Canada's Indian-origin MP Chandra Arya says he'll run for the Liberal leadership.
  • Joe Biden gives his farewell address on the 15th night.
  • Hungarian PM Viktor Orban visits Kerala. 
  • Guests from 'Undivided India' are invited for the celebration of IMD's 150 years. 
  • Supreme Court signals it will uphold the ban on TikTok over national security concerns and other takeaways from oral arguments
  • Malayali who sought rescue from Russian mercenary forces died in the war zone.
  • Trump's co-defendants asked to block the release of the report in his documents case.
  • "Oligarchy Taking Shape In America," Says President Joe Biden In Farewell Address. 
  • Biden Pardons Five More People, Including Civil Rights Leader Marcus Garvey. 
  • Biden issued more pardons before leaving office including his family members. 
  • Biden has considered pre-emptive Pardons For Trump’s Potential Targets.  
  • Washington DC declared a cold air emergency ahead of Donald Trump's swearing-in ceremony.
  • Biden issues preemptive pardons for Milley, Fauci and Jan. 6 committee members. 
  • Gen. Mark Milley claims he is grateful for Biden's pardon.
  • Biden pardons late Black activist Marcus Garvey and 4 others 
  • White House reveals Biden's final list of clemency for nearly 2,5000 people, setting new presidential record. 
  • Donald Trump was sworn in as the 47th President of the United States. 
  • Donald Trump signed an executive order to withdraw the US from the World Health Organisation. 
  • Donald Trump begins his  second term by signing a flurry of executive orders
  • Blizzard-like whiteout conditions are being reported around New Orleans.
  • The latest book claims that Fox News town hall gave questions early to President Trump.
  • Senator Marco Rubio was Confirmed by the US Senate for the State Department. 
  • He met with Indian EAM S Jaishankar.
  • LGBTQ+ couples register marriages as Thailand legalised same-sex marriage.
  • Judge blocks Trump's birthright citizenship executive order
  • Marco Rubio visits Panama on his first official visit. 
  • Donald Trump passed an executive order to pardon 1600 people who were involved in the January 6th Insurrection. 
  • Steve Bannon calls Elon Musk calls a racist after he was spotted giving a Nazi Salute.
  • Trump removes Dr. Fauci's security detail. 
  • Donald Trump meets Californian State Governor Gavin Newsom during his visit to LA. 
  • He imposed conditional aid to the state. 
  • Trump starts deportation of migrants in the latest move. 
  • Impeached South Korean President Yoon has been suspended from his position since Dec. 14.
  • Saudi crown prince meets Italian prime minister to strengthen ties.
  • Senate confirms Sean Duffy as secretary of Transportation.
  • Trump DOJ moves a motion to drop the appeal against Walt Nauta and Carlos De Oliveira.
  • RFK Jr. undergoes grilling for Senate confirmation. 
  • Syria’s de facto leader Abu Muhamed Jolani declares himself president and abolishes constitution.
  • American Airlines Flight 5342 from Wichita, Kansas, attempting to land at Reagan National Airport collided when the plane and a Black Hawk helicopter. Of all 67 aboard the plane, and the Army copter was killed in a tragic midair collision. 
  • Kash Patel undergoes grilling for Senate confirmation. 
  •  
Israel-Palestine and the Middle East
  • Palestinian Authority bans Al Jazeera in the West Bank.
  • Israel and Hamas reached a ceasefire agreement designed to end the 15-month Gaza war with a last-minute ceasefire agreement by the Biden Administration.
  • The Israeli cabinet ratified the ceasefire late. 
  • Israeli army chief of staff submits resignation over Hamas' October 7 attack.
  • US Halts All Foreign Aid Except For Israel And Egypt; Ukraine Shunted.
  • Trump comes out with a plan to move Gazans to Egypt and Jordan. 
  • Hamas condemns Trump's remarks on relocating Palestinians.
  • Hostage release between Israel and Hamas happened as per the ceasefire talks. 
  • At least 22 were killed in Lebanon as protests against Israeli forces escalated.
  • Trump administration to cancel student visas of 'Hamas sympathisers'
Technology

  • One person was killed in the cyber truck explosion on the outskirts of Las Vegas in front of the Trump Tower. 
  • Palestinian Authority bans Al Jazeera in the West Bank.
  • Bernie Sanders supports the claim that H1B visas take away American jobs.
  • X releases xAI chatbot Grok.
  • Veteran nuclear scientist R Chidambaram dies at 88.
  • US Steel and Nippon Steel sued the Biden Administration for preventing their acquisition.
  • Meta starts to simplify its policies as the Trump Administration takes charge. 
  • Pune-Bengaluru Expressway: 700-KM Project Likely To Cut Travel Time By Half, Boost Economic Growth..
  • The US government calls for the breakup of Google and Chrome in a major antitrust action. 
  • KSRTC to arrange overnight sleeper facilities to and fro from the airport. 
  • Google and Microsoft donated $1 million apiece to Trump’s inauguration.
  • PM Modi to attend the AI Summit in France on Feb 10-11. 
  • Trump and Zuckerberg meet at Mar-a-Lago.
  • Blue Origin launches New Glenn rocket, the company’s first SpaceX contender saw it reach orbit on its maiden voyage 
  • India achieves its first space docking, becoming the fourth country to achieve a major milestone.
  • Turkish railway, with Chinese upgrades, could bypass Russia on route to Europe. 
  • BMRCL to start operations on the yellow line by April with four train sets.
  • An expert claims, the LA fires were caused by the use of Fossil Fuels. 
  • India gets an observer seat in the Eurodrone Program. 
  • Chinese AI DeepSeek chatbot tops Apple's app-store charts.
  • Chinese multinational company Huawei has been awarded the contract to build Nepal Telecom's data center in Kathmandu and Pokhara. 
  • Trump signed an executive order on Inauguration Day ordering the name changes and Google Maps decided to follow it. The Trump administration orders the FAA to end DEI hiring practices and mandate a merit-based approach.
  • Donald Trump froze the hiring of critical air traffic controllers days before the crash. 

Business and Finance

  • President Joe Biden signed into law a measure that boosts Social Security payments for current and former public employees.
  • Nitin Gadkari announced a cashless treatment scheme for road accident victims.
  • Biden said that the federal government will cover the cost of LA fire recovery. 
  • Biden unveils last round of AI chip curbs aimed at China, Russia
  • Hindenburg decides to shut down.
  • A Turkish hotel was damaged badly in a fire. 
  • The government extends free imports of Tur Dal Till March 31, 2026.
  • Trump's inauguration saw around $250 M in donations.
  • Donald Trump decides to protect Tiktok from a ban. 
  • Newsom signs $2.5 billion relief package for LA. 
  • The Trump administration renames the Gulf of Mexico as Gulf of America. 
  • Trump holds off on Colombia tariffs after a deal reached on the deportations. 
  • Global elite spent ₹10 crore on sex parties, orgies and escorts at Davos, reveals bombshell report.
  • US tech giants and Japan chipmaker stocks feel the heat as China's startup DeepSeek demonstrates that it doesn't need massive capital investments to develop cutting-edge AI.
  • China's tech shares rallied on prospects of disrupting US tech dominance.
  • Egg prices reach a record high in the USA amidst Bird Flu. 
  • Nvidia sheds almost $600 billion in market cap, biggest one-day loss in U.S. history. 
  • The Trump Administration freezes aid and all forms of Federal Grants. 
  • Trump threatens tariffs on Taiwan on TSMC chips. 
  • India's Economic Survey for the year 2024-25 released.
Sports 

  • Manu Bhaker, D Gukesh Among Four Athletes To Get Dhyan Chand Khel Ratna Award: Sports Ministry
  • India T20I squad for the England series announced Mohammad Shami's return, and Rishabh Pant dropped.
  • BCCI confirms India will have Pakistan's name printed on their jerseys. 
  • Champions Trophy 2025 will start on February 16th. 
  • New Zealand star Melie Kerr named ICC Women's Cricketer of the Year.
  • India's Jasprit Bumrah named ICC men’s Test Cricketer of 2024.
  • Australia won the Border-Gavaskar trophy defeating India. 
  • The National Games 2025, India’s biggest multi-sport event of the year, started with an opening ceremony at the Rajiv Gandhi International Cricket Stadium in Dehradun.
  • GMs Fabiano Caruana and Wei Yi kept alive their hopes of winning a second Tata Steel Chess Masters title with late wins with Black to move within a point of GMs Gukesh Dommaraju, Nodirbek Abdusattorov, and Praggnanandhaa Rameshbabu.
  • Rohit Sharma Won't Travel To Pakistan As PCB Cancels Captains' Day For 2025 Champions Trophy

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