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News Highlights provides you with the best compilation of the Daily News Highlights taking place across the globe: National, International, Sports, Science and Technology, Banking, Economy, Agreement, Appointments, Ranks, and Report and General Studies
1.
INDIA AND France agreed to jointly develop modern nuclear reactors, boost defence cooperation with procurement of missiles, submarines, engines for aircraft and helicopters, and jointly work on projects in third countries. These were the outcome of bilateral discussions between Prime Minister Narendra Modi and French President Emmanuel Macron on board the Presidential aircraft while flying from Paris to Marseille. Describing the decision to travel together on the Presidential aircraft "an exceptional gesture by President Macron, emblematic of deep personal trust between the two leaders, and remarkable confidence they have in each other", Foreign Secretary Vikram Misri said India-France "ties literally touched new heights".
2.
COMING DOWN heavily on the announcement of freebies by governments and political parties before elections, the Supreme Court Wednesday asked "are we not creating a class of parasites", and said freebies are disincen-tivising people from working and, in states like Maharashtra, drying up the labour force. When the bench of Justices B RGavai and AG Masih was hearing a plea regarding shelter homes for the homeless, a petitioner said policies are only designed for the rich. "Main victims are the have-nots, the poor people, the homeless. Unfortunately, the cause of homelessness is not addressed. That's the least prior-ity in this country. Compassion, I am sorry to say, is only for the rich and not for the poor," the petitioner said.
3.
SIMPLIFIED, CRISP language, removal of extra provisos and explanations along with expanded definition of income - these are some of the key features of the new Income-Tax Bill, 2025. The 622 page Bill, which is listed for intro-duction in Lok Sabha Thursday, has also defined a new concept of "tax year" as the 12-month period beginning from April 1 and removes the term "assessment year". However, no major structural change has been incorporated in the new Bill, with experts saying it is broadly a simplification exercise that will ensure continuity, with consolidated sections to reduce cross references, but lacks any major tweaks in penalty or compliance provisions. The new income-tax legislation is likely to come into effect from April 1 next year. Virtual digital assets such as cryptocurrencies have been included in the definition of property to be counted as a capital asset of the assessee along with existing categories of im-movable property such as land and building, shares and securities, bullion, jewellery, archaeological collections, drawings, paintings, sculptures and any work of art.
4.
OPTIMISM, TEMPERED WITH a note of caution, marked Prime Minister Narendra Modi's opening address at the Al Action Summit in Paris. Co-chairing the event with French President Emmanuel Macron, the Prime Minister spoke of the "absolutely amazing" positive potential of Al in health, education, agriculture and other sectors, while also underlining the need to be alert to its potential for "biases". As he did so, he outlined a vision for the future where "open-source systems...enhance trust and transparency", where technology is democratised and "rooted in local ecosystems" - words that carry a special resonance in the post-DeepSeek world, where old certainties about capital-and compute-intensive models built in a closed ecosystem have been shaken by the open-source, cheaply made Chinese model.
5.
THE MOST IMPORTANT part of the Paris Climate Pact is that every country must renew its pledge, or the Nationally Determined Contribution (NDC), every five years. Last year, a UNFCCC study showed that the combined NDCs would bring down temperatures only by 2.6 degrees by 2030. Countries were slated to submit their new pledges. However, only 12 countries have adhered to deadline. Most G20 countries have missed out - the UK, Brazil, Japan and the US are among the notable exceptions. However, the US's document is largely academic given that President Donald Trump has withdrawn his country from the Paris Pact. The UNFCCC now expects all countries to submit their plans by September when the targets will be tallied in the run-up to to CoP30 in Brazil.
6.
professors of prestigious institutions and office-bearers of an apparently "high-ranking" university were arrested recently for bribes allegedly given and taken in exchange for better rankings. AICTE, before the reforms, was often seen as steeped in systemic corruption that included conflicting incentives, discretionary and monopolistic powers, lack of transparency, and a culture of impunity. Transparency and accountability were brought into the accreditation system almost 13 years ago. Complete digitisation of every process that began with the receiving of applications, processing them and uploading deficiencies to generating the final approval letters was a path-breaking transformation that brought about great institutional credibility. All interaction with the management of the institutes was either curbed completely or kept to a minimum. All expert visits were replaced with online updating of data, with offline visits limited to the addressing of complaints.
7.
A RECURRING DEMAND from a section of Indian farmers is that India should exit the World Trade Organisation (WTO). They believe WTO rules hinder their ability to secure a legal guarantee for a minimum support price (MSP). Under the WTO's Agreement on Agriculture (AoA), MSP is categorised as a trade distorting subsidy. The external reference price (ERP) - an average price established based on the base years of 1986-88 against which MSP is compared to determine trade-distorting subsidies has not been revised in decades. It is also important to note that the WTO encompasses more than just agricultural trade. It plays a crucial role in international trade law, aiming to create a level playing field for all countries by safeguarding their goods and services against discrimination in export markets. If India were to leave the WTO, its exports would lose national treatment and most-favoured-nation treatment.
8.
Section 294 of the BNS punishes those who sell, import, export, advertise, or profit from obscene books, paintings, figures, and other materials. It also punishes the display of obscene content "in electronic form". The section describes obscene material as something which is "lascivious or appeals to the prurient interest" - meaning, overtly and excessively sexual - or which would "tend to deprave and corrupt persons who are likely... to read, see or hear the matter contained or embodied in it". Violation of Section 294 can be punished with up to two years imprisonment, simprisonment, and a fine of up to Rs 5,000 for first-time offenders. In the event of a second or subsequent conviction, one can be slapped with a prison sentence of up to five years, and a fine of up to Rs 10,000. Publishing or transmitting obscene material online can also be punished under Section 67 of the Information Technology Act, 2000.
9.
THE EUROPEAN Space Agency's (ESA's) Euclid space telescope has discovered an Einstein ring around a galaxy some 590 million lightyears from Earth. Photos of the Einstein ring, taken by Euclid in September 2023 but released on Monday, show a ball of light (the galaxy NGC 6505) with a bright, cloudy ring around it. An Einstein ring is a ring of light that may form around dark matter, a galaxy, or a cluster of galaxies. It is essentially an example of gravitational lensing, a phenomenon which occurs when a massive celestial body creates a gravitational field which distorts and amplifies the light from dis-tant galaxies that are behind it but in the same line of sight. In the case of the recently discovered Einstein ring, NGC 6505 was the gravitational lens which distorted and amplified the light coming from a distant unnamed galaxy, located 4.42 billion light-years away.
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