Top news of the day: First leg of Budget session ends with IT Bill and Waqf bill reports tabled; car drives in crowd in Munich injuring many, and more

First leg of Budget session ends with IT Bill and Waqf bill reports tabled; car drives in crowd in Munich injuring many, and more on top news on February 13, 2025

A new Bill to reform the income tax laws was introduced in the Lok Sabha on Thursday (February 13, 2025) before Speaker Om Birla adjourned the session on the last day of the first part of the Budget session. The report of the joint committee of Parliament on the Waqf (Amendment) Bill was also tabled amidst protests by Opposition parties in both Houses. 

A driver drove a vehicle into a group of people in Munich on Thursday (February 13, 2025), injuring at least 28 people, authorities said. Meanwhile, Bavarian Governor Markus Söder said the incident was “suspected to be an attack”. Police said at least 28 people were injured and the suspect is believed to be a 24-year-old Afghan asylum-seeker.

Adani Green on Wednesday (February 12, 2025) withdrew from a controversial $ 442-million renewable energy project in northern Sri Lanka, amid fierce opposition from locals and a legal battle over its approval and potential environmental impact.

Rajya Sabha Chairman Jagdeep Dhankhar on Thursday (February 13, 2025) asserted that only Parliament has the jurisdiction to constitutionally remove a high court judge, saying a notice for removal of Justice Shekhar Yadav of Allahabad High Court is pending with him. The Supreme Court last month had sought a report from the chief justice of the Allahabad High Court on the communally charged remarks made by Justice Yadav and had later asked him to appear before senior judges of the court.

JPMorgan Chase started informing some employees of job cuts last week, a source familiar with the matter told Reuters on Wednesday (February 12, 2025), as it begins one of several planned reductions this year. Fewer than 1,000 employees are going to be laid off in February, according to Barron’s, which first reported the news.

Families will not be accompanying the Indian cricket players heading to Dubai on February 15 for the ICC Champions Trophy as the BCCI’s new travel policy comes into effect for the first time with this tournament.

Paytm Money, an arm of fintech firm One97 Communications, on Thursday (February 13, 2025) settled with markets regulator Sebi a case about an alleged violation of norms after paying ₹45.50 lakh in settlement amount. The case stemmed from alleged violations of Sebi’s technical glitch framework outlined in its circular dated November 25, 2022.