India-UK trade agreement, Parliament chaos over Bihar SIR, Trump on Musk | News Wrap
| Video Credit:
The Hindu

India and the United Kingdom have signed a landmark trade agreement aimed at deepening economic ties and promoting mutual prosperity. Announced by Prime Minister Narendra Modi in London, the deal is expected to boost bilateral trade by 39%, adding up to $34 billion annually by 2040. Key beneficiaries on the Indian side include the textile, gems & jewellery sectors, and MSMEs. Indian consumers will also benefit from cheaper medical devices and aircraft parts. Additionally, both nations launched Vision 2035, a strategic roadmap focused on collaboration in defence, technology, climate action, education, and people-to-people ties.
U.S. President Donald Trump has denied claims that he intends to revoke federal subsidies granted to Elon Musk’s companies. Posting on Truth Social, Trump stated his goal is to help American businesses, including Musk’s, thrive. This clarification follows Trump’s earlier comments about the Department of Government Efficiency (DOGE)—an agency linked to Musk—raising speculation about political retaliation. Trump now says strong business performance is vital to America’s continued economic success.
Parliamentary proceedings in India remain stalled as both the Lok Sabha and Rajya Sabha were adjourned for the fourth consecutive day due to Opposition protests. The primary issue: a demand to withdraw the Special Intensive Revision (SIR) of electoral rolls in Bihar. MPs also called for debates on the Pahalgam terror attack and Operation Sindoor. However, a breakthrough has emerged—both Houses have agreed to a 16-hour debate on Operation Sindoor next week.
Script & Voiceover: Zeeshan Akhtar
Editing: Zeeshan Akhtar
Published – July 24, 2025 10:00 pm IST