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EquityPandit

EquityPandit
INDIA

ED Issues New Summons to Rahul Gandhi in National Herald Case for June 13

The Enforcement Directorate (ED) has issued new summons to Congress leader Rahul Gandhi for questioning in a money laundering case linked to the National Herald newspaper. According to media reports, the investigating agency wants the Congress leader to appear before June 13.


Earlier, the ED had summoned Sonia Gandhi and Rahul Gandhi for questioning on the case on June 8. However, according to media reports, Rahul Gandhi has requested another date. Sonia Gandhi, who has contracted COVID-19, said she decided to appear in court on June 8.


Officials said the investigating agency would record statements from the two congress leaders under the criminal sections of the Prevention of Money Laundering Act (PMLA). The National Herald case alleged misappropriation of more than Rs 2,000 crore in equity deals.


The ED also challenged former Union Minister Pawan Bansal and senior Congress leader Mallikarjun Kharge over the case in April.


In 2012, when BJP leader Subramanian Swamy filed a complaint in a court alleging financial irregularities during the acquisition of the Associated Journals (ALJ), the publisher of the National Herald, by the Gandhi family, who owned Young Indian (YIL) in 2010.

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INDIA

Chandrababu Naidu meets Indian-origin teen behind AI heart disease detection app

Dhruva Kulkarni

Andhra Pradesh Chief Minister Chandrababu Naidu met Siddharth Nandyala, a 14-year-old Indian-American from Andhra Pradesh and the world’s youngest AI-certified professional, who developed ‘CircadiaV,’ an AI app that detects heart diseases in seven seconds with 96% accuracy.

Tested on over 15,000 patients in the US and 700 in India, including trials at Guntur Government General Hospital, the app uses smartphone heart sound recordings for early detection.

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Naidu invited Siddharth to the Secretariat, praised his innovation, and assured full government support.

Deputy CM Pawan Kalyan also congratulated Siddharth, who attended the meeting with his father and Health Minister Satyakumar Yadav.

Naidu later shared his admiration on social media, calling the app a medical breakthrough and encouraging Siddharth’s contributions to healthcare technology.

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INDIA

Govt Begins India’s First Exploration Licence Auction for Critical Minerals

Dhruva Kulkarni

India has taken a big step in unlocking its critical mineral resources! On Thursday, Union Coal and Mines Minister G Kishan Reddy launched the nation’s first-ever auction of Exploration Licences (ELs) for 13 blocks of critical minerals, including rare earth elements (REE), zinc, diamonds, copper, and platinum group minerals (PGE).

The event also featured a roadshow on the 5th Tranche of Critical Mineral Blocks and the launch of AI Hackathon 2025, focusing on “Mineral Targeting using AI.”

Reddy highlighted India’s mining sector growth over the last decade, stating that the new auction system will bring transparency, efficiency, and private sector participation. The framework allows private companies to explore up to 1,000 square metres per licence, with states like Andhra Pradesh, Gujarat, Jharkhand, Maharashtra, Uttar Pradesh, Chhattisgarh, Rajasthan, and Karnataka offering exploration opportunities.

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The 2023 amendment to the Mines and Minerals (Development and Regulation) (MMDR) Act aims to bridge the gap in private sector participation and boost systematic mineral exploration.

Goa CM Pramod Sawant emphasised the importance of critical minerals for India’s future green energy, stating that the policy will help the country achieve self-reliance on key resources while boosting Goa’s mining sector.

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INDIA

India-Mauritius Ties Upgraded to ‘Enhanced Strategic Partnership’: PM Modi

Dhruva Kulkarni

PM Modi announced that India and Mauritius will strengthen ties by elevating their partnership to an “Enhanced Strategic Partnership.”

He introduced the MAHASAGAR initiative, expanding on the SAGAR vision for regional growth and security. India will help build Mauritius’ new Parliament, calling it a gift from the “Mother of Democracy.”

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India will support Mauritius in strengthening its Coast Guard, police academy, and maritime security.

Modi reaffirmed India’s respect for Mauritius’ sovereignty, including support in the Chagos Islands dispute. The visit strengthens cooperation in trade, infrastructure, security, and cultural ties.

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INDIA

PM Modi Plants Sapling in Mauritius for ‘Ek Ped Maa Ke Naam’ Initiative

Dhruva Kulkarni

PM Modi and Mauritius PM Naveen Ramgoolam planted a Bael tree at Sir Seewoosagur Ramgoolam Botanical Garden under the ‘Ek Ped Maa Ke Naam’ initiative.

PM Modi previously planted trees under this initiative in Guyana, and his efforts have led to over 1 billion trees being planted in India.

The initiative has expanded globally, with over 27,500 trees planted across 136 countries, including PM Modi’s direct participation in two.

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Launched on World Environment Day in June 2024, the campaign promotes environmental responsibility while paying tribute to mothers.

PM Modi highlighted India’s progress in increasing forest cover and emphasised the importance of collective environmental efforts.

During his Mauritius visit, he praised the country’s strong Bhojpuri cultural presence and received a warm welcome from local leaders and the Indian community.

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INDIA

Assam Plans Its Own Satellite with ISRO

Dhruva Kulkarni

Assam is set to launch ASSAMSAT, its own satellite, in collaboration with IN-SPACe and ISRO, as announced in the state budget for 2025-26. 

CM Himanta Biswa Sarma stated that Assam will be the first state in India to have its own satellite.

The satellite will provide continuous data for socio-economic projects, agriculture, disaster management, and border security. 

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It will also help detect illegal border crossings, predict floods, and improve weather forecasts for farmers. 

Additionally, students will have the opportunity to build experimental satellites with support from IN-SPACe and ISRO.

The decision follows delays in obtaining data for the Umrangso coal mine accident, emphasising the need for Assam’s independent surveillance system.

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