News Wrap: Budget 2025, UCC In Uttarakhand, China's Deepseek, Mahakumbh Stampede, Trump's Tariffs, And More

(MENAFN- Live Mint) News wrap: This week, from January 26 to February 1, a series of major news events made headlines both globally and nationally. Keeping India in focus, India celebrated its 76th Republic Day on January 26, another key event that took place was the Union Budget 2025 which was tabled on Februaryt 1. The country also witnessed a shocking stampede tragedy in the ongoing Mahakumbh where 30 people died.

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In the US, President Donald Trump continued to make headlines with executive actions, including the imposition of tariffs on Canada, Mexico, and China. The country also witnessed a horrfying tragedy where a mid-air collision occurred between an American Airlines plane and a US Army Black Hawk helicopter.

Also Read | Income Tax Budget 2025 LIVE: How to save ₹2.6 lakh under new tax rates? Here are the key events that took place between January 26-February 126 JanuaryRepublic Day 2025

India celebrated its 76th Republic Day on Sunday, and people are taking to social media to extend their Republic Day wishes. Various members of the cricketing fraternity-from Sachin Tendulkar to Rohit Sharma-also extended their wishes on social media.

27 JanuaryUCC in Uttarakhand

Uttarakhand became the first state in India to implement the Uniform Civil Code (UCC), fulfilling a key promise made by the ruling BJP ahead of the 2022 Assembly elections. Chief Minister Pushkar Singh Dhami officially launched the UCC by unveiling its notification, releasing the rules for its implementation, and introducing a portal for the mandatory online registration of marriages, divorces, and live-in relationships.

Also Read | How DeepSeek AI sent $593bn shockwave in tech stocks, rattled global markets China's DeepSeek

DeepSeek's launch of its AI model , DeepSeek-R1, challenged the dominance of top AI companies with its latest large language models, which offer similar performance to the latest offerings from Meta or OpenAI , but at a fraction of the cost. At the time of writing, both DeepSeek R1 and DeepSeek V3 were ranked in the top 10 on Chatbot arena, a UC Berkeley-affiliated ranking that assesses the performance of leading chatbots.

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