Musk aiming to send uncrewed Starship to Mars by end of 2026
Musk presented a detailed Starship development timeline in a video posted online by his Los Angeles area-based rocket company, SpaceX, a day after saying he was departing the administration of U.S. President Donald Trump as head of a tumultuous campaign to slash government bureaucracy.
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Indian Express
27 minutes ago
- Indian Express
Daily Briefing: Trump claims credit again; what India' GDP estimates show; meet 3 Florence Nightingale awardees; and more
Good morning! Donald Trump does it again—claiming credit for halting the escalating India-Pakistan conflict. Speaking at the Oval Office and in Pittsburgh later on the same day, the US President reiterated that his administration brokered the ceasefire (on May 10) to stop the hostilities that 'could have turned out into a nuclear disaster'. Meanwhile, New Delhi remains firm on its stance that 'No third party was involved' since the beginning. 'I am glad… India's industry, the manufacturing activity, have all been so good during Q4.' On Friday, the Government released two data sets on the provisional estimates of India's economic growth in the fourth quarter (Q4, January to March), and for the financial year (2024-25 or FY25). Based on this, Union Finance Minister Nirmala Sitharaman said India has sustained the fastest-growing economy tag for the fourth year now, thanks to firm industrial growth in manufacturing. The data: India's real Gross Domestic Product (GDP) gained strength, picking up pace to 7.4 per cent in the fourth quarter. The full-year growth rate, however, is estimated to have slowed to a four-year low of 6.5 per cent for financial year 2024-25. This has stayed resilient, remaining at the same level as the second advance estimate of 6.5% released February-end. What the data show: Now, GDP is calculated by adding up all the expenditures made in the economy. Linked to it, the Gross Value Added (GVA) looks at the supply side capturing the true momentum of the economy. It measures the contribution of each sector and excludes the effects of taxes and subsidies, which can distort GDP figures. For FY 25, the real GVA grew by 6.4 per cent, losing a step over the 8.6 per cent growth in FY24. No sector has recorded growth at a Compound Annual Growth Rate (CAGR) anywhere close to 6 per cent since 2019-20. The manufacturing GVA has registered a slower growth rate (CAGR of 4.04 per cent) than even agriculture and allied Udit Misra explains, could help our understanding of the high urban — in particular, youth — unemployment in the country. Why are the estimates 'provisional'? They will be revised over the next few years. GDP estimates go through several revisions for any fiscal year. Looking ahead, economists see a slightly slower growth in FY26 amid heightened uncertainty around global trade policies. Boosting manufacturing growth has been a cornerstone for all governments. It is now the new battleground globally with the US, Europe, and China locked in a trade war to protect domestic manufacturing. Meet the Nightingales: Also on Friday, 15 nurses—auxiliary nurse midwives and women health workers—from across India were conferred the Florence Nightingale Award by President Droupadi Murmu. Of these awardees, four each are from the North-East and union territories, and two from the national capital. Anonna Dutt brings the stories of a trio: Leimapokpam Ranjita Devi, Banu M R and Major-General Sheena P D. Pakistan has done that and much more – under pressure from the International Monetary Fund (IMF). This is part of the conditionality linked to an Extended Fund Facility (EFF) loan from the global body. The 37-month EFF was approved in September last year and provides for a total disbursement of $7 billion to Pakistan. Harish Damodaran breaks it down, in contrast with India. 'Is it not commonplace today to decide who is a Pakistani…? Don't we witness the othering of communities not just on the basis of religion, but also on the basis of the size of their eyes? So, one 'belongs' only on the sufferance of those who claim to own this nation' Columnist Suhas Palshikar's latest piece, he says, is in response to Yogendra Yadav's spirited exposition of 'Indian' nationalism, in the hope of expanding the scope of the debate. He agrees with Yadav's point that Indian nationalism is under assault today. But highlights that it's not so much about whether 'I/we forgot' it, but that it was stolen. 'Karate Kid: Legends': While there may be no surprises in its story curve, Shalini Langer, in her review, writes the martial arts drama film running in theatres now has the moves. It also lands its karate kid on his feet. Because: 'There are few greater pleasures than watching Jackie Chan do his thing. Pair him up with Ralph Macchio, and it could be Karate Kid from 40 years ago all over again.'
New Indian Express
34 minutes ago
- New Indian Express
Musk vows to stay Trump's 'friend' in bizarre black-eyed farewell
WASHINGTON: Billionaire Elon Musk bade farewell to Donald Trump in an extraordinary Oval Office appearance Friday, sporting a black eye, brushing aside drug abuse claims and vowing to stay a "friend and advisor" to the US president. As the world's richest person bowed out of his role as Trump's cost-cutter-in-chief, the Republican hailed Musk's "incredible service" and handed him a golden key to the White House. But Trump insisted that Musk was "really not leaving" after a turbulent four months in which his Department of Government Efficiency (DOGE) cut tens of thousands of jobs, shuttered whole agencies and slashed foreign aid. "He's going to be back and forth," said Trump, showering praise on the tech tycoon for what he called the "most sweeping and consequential government reform program in generations." South-African born Musk, wearing a black T-shirt with the word "Dogefather" in white lettering and a black DOGE baseball cap, said many of the $1 trillion savings he promised would take time to bear fruit. "I look forward to continuing to be a friend and advisor to the president," he said. But many people were more interested in the livid black bruise around Musk's right eye. Speculation about the cause was further fueled by accusations in the New York Times Friday that Musk used so much of the drug ketamine on the 2024 campaign trail that he developed bladder problems.
Hindustan Times
37 minutes ago
- Hindustan Times
Donald Trump says Pakistani officials visiting US for trade talks, ‘very close to making deal with India'
US President Donald Trump said on Friday (local time) representatives from Pakistan are coming to the United States next week as it seeks to make a deal on tariffs. He added that the US is 'very close to making a deal with India'. Speaking to reporters at Joint Base Andrews, Donald Trump said he would not be willing to strike any trade deal with India or Pakistan if the two countries engage in military action. Donald Trump said, "Pakistan representatives are coming in next week. We're very close to making a deal with India. And I wouldn't have any interest in making a deal with either if they were going to be at war with each other..." The warning comes as tensions remain high between the two nuclear-armed neighbours in the wake of April 22 Pahalgam terror attack followed by India's Operation Sindoor. Earlier this month, India and Pakistan exchanged missiles, artillery fire, drones, and launched fighter jets in their worst military clashes in decades. Islamabad is trying to avoid steep US tariffs, news agency Reuters reported, Pakistan may face a 29% tariff on exports to the United States after Washington announced new duties last month targeting several countries. The tariff threat is due to Pakistan's $3 billion trade surplus with the US. Meanwhile, commenting on the ongoing trade talks with New Delhi, Trump said, 'As you know, we're very close to making a deal with India.' Trade minister Piyush Goyal had recently visited the United States to push forward negotiations. Both countries hope to sign a limited trade deal by early July. India currently faces a 26% tariff on its exports to America. In another significant development, Reuters reported last week that India may soon allow American companies to compete for over $50 billion in contracts, mostly from federal agencies, as part of the talks.
