Business
India on track to become $5 trillion economy in next 3 years: Piyush Goyal

New Delhi, June 25: India is well on track to achieve a $5 trillion economy and the expectation is to reach this milestone within the next three years, Commerce and Industry Minister Piyush Goyal has stressed.
By 2027, “we hope to become the third largest economy in the world,” he said, adding that all stakeholders — government, business community, industry, trade, and 140 crore Indians — are deeply aligned with the Prime Minister’s vision for ‘Viksit Bharat 2047’.
The minister stated that the government, under Prime Minister Narendra Modi, has focused on quantum change, not incremental progress and it focused not only on growth, but on inclusive, sustainable and honest growth.
He was speaking at a webinar hosted by the Merchants’ Chamber of Commerce and Industry (MCCI) on ‘India’s March Towards a $5 Trillion Economy: Navigating Global Challenges’.
On India’s economic strength, Goyal stated that the country has moved from being part of the fragile five to becoming one of the top five economies in the world.
“We have a strong macroeconomic foundation. Our banking system is strong and robust, with high ability to lend. Our inflation is among the lowest India has ever seen — down to 3 per cent again,” he said.
The minister further said that the government has focused on achieving growth that is calibrated for the Indian story and that believes in ‘Seva, Sushasan and Navachar; — Service, Good Governance and Innovation.
He highlighted that MCCI will continue to play a very important role during Amrit Kaal in achieving this goal. Such dialogues help the government better understand what needs to be done to support industries, even in the face of global volatility, turbulence, and uncertainty.
“History reminds us that great economies are not built in calm waters. Great economies are built in turbulent seas,” Goyal emphasised, adding that this is India’s time to seize the moment and that the opportunity must not be missed.
He praised MCCI’s 124-year journey, calling it a bridge between the government, stakeholders, and industries. “MCCI can be called as Mobilizing Commerce and Connecting Industries, because that is exactly what MCCI does,” Goyal added.
International
Nearly 50 Vietnamese evacuated from Israel

Hanoi, June 25: Nearly 50 Vietnamese citizens have been evacuated from the conflict zone in Israel to Egypt, the state media reported on Wednesday.
Several evacuees have already returned to Vietnam, while others are completing necessary procedures to repatriate as soon as possible, the Vietnamese Ministry of Foreign Affairs (MOFA) said.
The evacuation was carried out through coordinated efforts by the Vietnamese embassies in Israel and Egypt, media reported.
The Vietnamese Embassy in Israel continues to advise citizens remaining in the conflict area to stay calm, maintain regular contact with the embassy, and strictly follow guidance and warnings issued by local authorities, MOFA and the embassy, media reported.
Meanwhile, UN Secretary-General Antonio Guterres welcomed US President Donald Trump’s announcement of a ceasefire between Israel and Iran.
Guterres urges Israel and Iran to fully respect the ceasefire and to stop fighting, noting that the people of the two countries have already suffered too much, said Stephane Dujarric, Guterres’ spokesman.
“The secretary-general hopes that this ceasefire can be replicated in the other conflicts in the region,” said the spokesman on Tuesday.
Earlier on Tuesday, US President Donald Trump declared that a ceasefire between Iran and Israel has officially taken effect, urging both sides to maintain restraint.
“THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT! DONALD J. TRUMP, PRESIDENT OF THE UNITED STATES!” Trump posted on social media platform Truth Social.
The announcement came amid escalating violence in the Middle East, but President Trump’s declaration appeared to catch both parties off guard. The ceasefire claim was quickly contradicted by Iran, which asserted it had not received any formal proposal from Washington and had not agreed to a bilateral ceasefire.
Earlier in the day, President Trump wrote, “Israel & Iran came to me, almost simultaneously, and said, ‘Peace’! I knew the time was NOW. The World, and the Middle East, are the real winners!”
“Both Nations will see tremendous love, peace and prosperity in their futures. They have so much to gain, and yet, so much to lose if they stray from the road of righteousness and truth. The future for Israel & Iran is unlimited, & filled with great promise. God bless you both!” he added.
Earlier, Iran announced a unilateral halt to its military operations against Israel, effective 4 a.m. local time, but made it clear that the pause was conditional, based entirely on whether Israel would stop its own airstrikes and military actions.
International
Axiom Space lifts off: Journey of India’s human space flight, says Shubanshu Shukla

New Delhi, June 25: IAF Group Captain Shubhanshu Shukla, who began his historic mission to become the first from India to reach the International Space Station on Wednesday, said it’s the journey of India’s human space flight.
After 41 years, India will have an astronaut in space. Shukla will be the second Indian in space after Rakesh Sharma’s flight in 1984.
“This is not my journey alone, but I am carrying the Indian flag with me, and this is the journey of India’s human space flight,” Shukla said, onboard the flight.
“Liftoff for #Ax4. The #Ax4 crew is on its way to the space station,” said the US-based Axiom Space, which has, in collaboration with NASA and SpaceX, organised the mission.
“Liftoff of Ax-4!” added SpaceX.
Shukla’s flight launched at 2.31 a.m. EDT ( noon IST) from Launch Complex 39A at NASA’s Kennedy Space Center in Florida, aboard a new SpaceX Dragon spacecraft on the company’s Falcon 9 rocket.
The lift-off comes after being deferred at least six times.
“India is returning to space, Jai Hind,” Shukla wrote on X, just before the launch of the mission.
“After 41 years, India’s flag will fly in space again,” he added.
Earlier, Shukla also penned an emotional note for his wife.
“Special thanks to Kamna for being the wonderful partner that you are. Without you none of this was possible but more importantly none of this would matter,” said Shukla, in a post on Instagram.
He also shared a photograph that shows them saying goodbye through opposite sides of a glass wall.
Shukla also thanked people “involved in this mission for their support”.
He is serving as the pilot of the mission alongside Commander Peggy Whitson of the US.
The other crew members include Slawosz Uznanski-Wisniewski of Poland and Tibor Kapu of Hungary, both serving as mission specialists. Once aboard the ISS, Shukla will conduct pioneering experiments related to food and space nutrition.
Once aboard the ISS, Shukla will conduct pioneering experiments related to food and space nutrition and study the effects of microgravity and space radiation on edible microalgae — a nutrient-rich, high-potential food source for future space missions.
Crime
Punjab Vigilance raids residence of Akali leader Majithia in drug case

Chandigarh, June 25: The Punjab Vigilance Bureau on Wednesday conducted a raid on the private residence of Shiromani Akali Dal’s former minister Bikram Singh Majithia in Amritsar in a drug case.
He has been facing charges under the Narcotic Drugs and Psychotropic Substances (NDPS) Act since December 2021, ahead of the Assembly elections.
A spokesperson for the government said the raid has been underway as part of the Bhagwant Mann government’s biggest ongoing action against drugs. A team of 30 Vigilance personnel, comprising senior officials, reached the residence when Majithia and his family were present there.
Former legislator Majithia, who is the brother-in-law of Shiromani Akali Dal President Sukhbir Badal, had moved the Punjab and Haryana High Court in 2022 after a Mohali trial court dismissed his anticipatory bail petition in a case under the NDPS Act registered on December 20, 2021.
In a 49-page FIR filed by the state police Crime Branch at the Mohali police station, the SAD leader has been booked under sections 25, 27A and 29 of the NDPS Act.
In his plea, Majithia had termed the case a result of “political vendetta” and argued that there was no credible and legally admissible material against him.
The court, however, had granted an interim bail but allowed the Special Investigation Team to interrogate Majithia.
The High Court had observed that there was no material placed on record showing possession, transportation, storage by or recovery of any contraband from Majithia.
“All recoveries in the concluded trials have been effected from specific individuals and the petitioner was not shown therein to have any role in that regard,” it had observed, referring to convictions of drug seizure cases of Jagdish Bola and others.
However, the High Court clarified in the 26-page judgment that the court’s opinion was tentative and was made only for deciding his bail application and should not be construed as an expression of a “final opinion”.
In March 2025, the Supreme Court had directed Majithia to appear before the Special Investigation Team (SIT) in Patiala after the state government reported that he was refusing to cooperate with the probe. However, in April, the apex court dismissed the petition filed by Punjab, challenging the bail granted to Majithia.
“The respondent (Majithia) was participating in the process of further investigation. In view of the said facts and also taking note that the liberty was granted on August 10, 2022, more than two-and-a-half years ago, at present, we are not inclined to interfere with the impugned order. Accordingly, the SLP stands dismissed,” observed a Bench comprising Justice J.K. Maheshwari and Justice Aravind Kumar, rejecting the state’s petition.
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