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The nationalisation of 14 major banks in India on July 19, 1969, led by Prime Minister Indira Gandhi, is viewed as a pivotal economic decision post-Independence. This move aimed to enhance financial access in rural areas and align banking with social goals, reshaping the Indian banking landscape and influencing subsequent economic policies.
The IRS has introduced a federal income tax deduction for tipped workers, allowing eligible individuals to deduct up to $25,000 from their taxable income. However, this change, part of the One Big Beautiful Bill Act signed into law on July 4, 2025, does not exempt tips from Social Security and Medicare taxes, potentially limiting its benefits for low-income earners.
The Indian government has introduced the Delimitation Bill, which proposes to redraw parliamentary and assembly constituencies based on demographic changes. This has sparked opposition, particularly from southern states, as it may reduce their political representation in Parliament despite population growth. The bill aims to increase the number of Lok Sabha seats from 543 to 753 by 2026.
Allbirds Inc., previously known for its wool sneakers, has announced a major pivot to artificial intelligence, resulting in a **582%** surge in its stock price. The rebranding to “Newbird AI” aims to transform the company into a GPU-as-a-Service provider, amidst increasing investor interest in AI technologies.
A suspected unexploded missile bomb, weighing over 200 kilograms, was found in the Subarnarekha River near Panipoda in East Singhbhum district, Jharkhand, India. This marks the third such discovery in recent weeks, raising concerns about World War II remnants in the area. The Indian Army has been alerted for safe disposal.










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Nvidia has launched early access to its GeForce Now cloud gaming service in India, allowing gamers to stream over **4,500 titles** without high-end hardware. The service offers two paid tiers priced at **₹999** and **₹1,999**, with a free tier expected soon. The platform supports multiple devices and features advanced streaming technologies.





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