Donald Trump has tweeted that he is waiting for a call from Beijing, signaling openness to a deal with China over tariffs. This comes as Trump’s deadline for China to withdraw its 34% retaliatory tariffs ends tonight, with the US President threatening additional 50% tariffs if China does not comply. The ongoing trade war has led to market fluctuations globally, with potential implications for various economies including India. Former RBI Governor Raghuram Rajan provides insights on the economic impact and potential opportunities for India amidst this trade conflict. The Supreme Court has delivered a stinging rebuke to Tamil Nadu Governor R N Ravi for delaying assent to 10 crucial bills, calling his actions illegal, arbitrary and in bad faith. The court ruled that governors have no veto power over bills and set strict timelines for action. Former Attorney General Mukul Rohatgi termed it a ‘path-breaking judgment’ and suggested the governor should resign. The verdict may have implications for similar conflicts between governors and opposition-ruled state governments across India.
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