Digest for 04 June, 2025
Indian MPs in US to Discuss Operation Sindoor, Counter-Terrorism Efforts
An all-party Indian parliamentary delegation, led by Shashi Tharoor, is in Washington D.C. to brief US lawmakers, officials, and think tanks on "Operation Sindoor" and India's firm stance against terrorism. The visit aims to convey India's resolve and highlight Pakistan's links to terrorism, following recent military actions. The delegation will engage in discussions on regional security and counter-terrorism measures, emphasizing the need for international cooperation to ensure peace and stability for India's growth.
Parliament Monsoon Session from July 21; "Operation Sindoor", Judge Impeachment on Agenda
The Monsoon session of Parliament is scheduled from July 21 to August 12. Key discussions are expected around "Operation Sindoor," India's response to the Pahalgam terror attack, with the Opposition demanding a special session. The government may also introduce an impeachment motion against High Court judge Yashwant Varma following an inquiry into allegations of "burnt cash" found at his residence. This session will be crucial for national security and judicial accountability debates.
US to Double Tariffs on Steel and Aluminium to 50%, Impacting Global Trade
US President Donald Trump announced a hike in tariffs on most foreign steel and aluminium imports to 50%, effective Wednesday. This move, aimed at protecting US industries and national security, is expected to impact businesses like automakers and construction, potentially raising consumer prices. While the UK receives a partial exemption, maintaining a 25% tariff, the steep increase for other nations could spark retaliatory measures and further strain global trade relations.
RBI Monetary Policy Committee Meets; Third Consecutive Repo Rate Cut Expected
The Reserve Bank of India's Monetary Policy Committee (MPC) has begun its meeting, with a decision on interest rates expected June 6. Economists anticipate a third consecutive 25 basis points cut in the repo rate to 5.75%, driven by benign inflation and signs of an economic slowdown. With CPI inflation below RBI's target and moderating GDP growth, the central bank is likely to maintain an accommodative stance to support domestic growth amid global uncertainties.
Punjab YouTuber Arrested for Alleged Espionage Links with Pakistani Operatives
Punjab Police arrested YouTuber Jasbir Singh, who runs the channel "JaanMahal Video," for alleged involvement in a Pakistani espionage network. Singh is accused of connections with Pakistani intelligence operative Shakir (alias Jutt Randhawa) and expelled Pakistani High Commission official Ehsan-ur-Rahim. He reportedly attended Pakistan National Day in Delhi on Danish's invitation and travelled to Pakistan multiple times. This arrest follows that of Haryana-based YouTuber Jyoti Malhotra in a similar case.