MUMBAI: The benchmark stock indices, Sensex and Nifty, dropped nearly 1% on Friday, marking their sixth consecutive decline due to heavy selling in pharma and IT shares. This downtrend followed US President Donald Trump’s announcement imposing a 100% tariff on pharmaceutical drugs starting next month.

The 30-share BSE Sensex closed 733.22 points lower, or 0.90%, settling at a three-week low of 80,426.46. At one point during the session, it nosedived over 827 points to 80,332.41.

Meanwhile, the 50-share NSE Nifty tumbled 236.15 points, or 0.95%, reaching an over three-week low of 24,654.70. The index has been in decline since September 19, with a reduction exceeding 3% over the past six sessions. The Sensex has fallen by 2,587.50 points, or 3.16%, during the same period.

In terms of market sectors, the BSE Healthcare index dropped by 2.14% as most pharma shares experienced significant declines. Wockhardt shares fell sharply, plummeting 9.4% amid concerns over future profitability due to the tariff announcement.

Trump’s announcement on his preferred social media platform, Truth Social, clearly stated, “Starting October 1st, 2025, we will impose a 100% Tariff on any branded or patented Pharmaceutical Product, unless a Company is building their Pharmaceutical Manufacturing Plant in America.” He clarified that the definition of “building” includes both “breaking ground” or “under construction,” ensuring that no tariffs will be levied if construction has initiated.

Among the notable laggards in the Sensex, Mahindra & Mahindra, Tata Steel, Sun Pharma, and Infosys significantly drove down the index. On the other hand, stocks like Larsen & Toubro, Tata Motors, ITC, and Reliance Industries saw slight upticks, contrasting the overall negative trend.

“Indian equities faced a dramatic decline on Friday following the US’s unexpected tariff announcement. Investor sentiment took a hit from the recent hike in H-1B visa fees, causing panic selling in IT stocks,” stated Ponmudi R, CEO of Enrich Money, an online trading and wealth management firm. He further emphasized that both IT and healthcare sectors significantly affected the broader indices as investors reassessed earnings forecasts and export growth potential amidst increasing tariffs.

Across Asian markets, indices such as South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite index, and Hong Kong’s Hang Seng faced significant drops, reflecting the widespread concern over the new tariffs.

On the European front, equity markets displayed a contrasting trend, trading positively as US markets closed lower on Thursday, echoing investor discomfort. Additionally, foreign institutional investors (FIIs) offloaded equities worth Rs 4,995.42 crore on Thursday alone, exacerbating the sell-off.

The global oil benchmark, Brent crude, experienced a slight dip of 0.27% to $69.23 a barrel, hinting at potential volatility in energy prices due to global market concerns following the tariff news.

On Thursday, the Sensex had already dropped 555.95 points or 0.68%, closing at 81,159.68, while the Nifty fell by 166.05 points or 0.66% to 24,890.85. These figures underline the challenging environment that both indices face with increasing global tensions and trade barriers.

On Friday in Chandigarh, Defence Minister Rajnath Singh remarked that the MiG-21 aircraft, which has served the Indian Air Force (IAF) for over 62 years, represents not just a machine, but a profound symbol of national pride and the enduring bond between India and Russia.

Singh praised the MiG-21, noting its unparalleled journey of more than six decades in safeguarding India’s skies and enhancing the nation’s strategic depth. The defence minister addressed attendees at the decommissioning ceremony for the legendary fighter jet held at the Chandigarh Air Force Station.

The MiG-21 has long stood as a cornerstone of the IAF’s combat fleet, with its final operational sortie marking the closure of an era that began in the 1960s. “The MiG-21 picked up the burden of our nation’s security for decades,” Singh declared, reflecting on its significant contributions to the nation.

He remembered the valor displayed by the armed forces during various operations where the MiG-21 played a crucial role. “As we bid farewell, we also honor a chapter written in golden letters of our military aviation history,” he remarked, evoking the rich legacy of the aircraft.

Over 11,500 MiG-21 aircraft were manufactured globally, with 850 serving in the IAF. This impressive number underscores the aircraft’s enduring popularity, reliability, and multi-dimensional capabilities.

During his speech, Singh recounted the critical moments in which the MiG-21 shaped India’s military stance, including its engagements during the 1971 war with Pakistan, the Kargil conflict in 1999, and the Balakot airstrikes in 2019. He articulated, “From historical missions to modern conflicts, the MiG-21 has consistently raised the national flag high.” Each mission, Singh noted, reinforced the aircraft’s role in defending India’s sovereignty.

Singh emphasized the deep emotional connection that the nation holds with the MiG-21. “It is not merely an aircraft; it is a family member,” he stated, reflecting on the profound bond the IAF and Indian public share with the fighter jet. The minister expressed genuine gratitude while noting that the aircraft not only showcases military strength but also symbolizes cultural respect for machines that have historically protected the nation.

He connected the ceremony with traditions in Indian culture, likening the farewell to ancient rituals that honor both living and non-living entities essential for national security. Asserting strong respect for the aircraft, he said, “This farewell should transcend mere formalities, reflecting our cultural heritage.”

During his address, Singh clarified misconceptions surrounding the age of the MiG-21. He explained that while some variants were 40 years old, many initially inducted in the 1960s and 1970s had long been retired. “The MiG-21s currently in service have been modernized and remain operationally relevant,” Singh affirmed, highlighting that even comparable aircraft in other countries are frequently kept on duty for similar durations.

The MiG-21’s legacy highlights not only the technological prowess of the IAF but also the spirit of resilience that underpins the Indian military. Its operational history is replete with achievements and incidents that shaped the course of India’s defense narrative. Singh’s tribute encapsulated the shared memories and meticulous gratitude of a nation toward a machine that has become synonymous with its airpower.

As India continues to advance its aerospace endeavors, the MiG-21 will forever hold a treasured spot in the hearts of millions—both as an aircraft and as a testament to a nation’s indomitable spirit in the face of challenges.

New Delhi, Sep 25: The Union Home Ministry has cancelled the FCRA licence of the Students’ Educational and Cultural Movement of Ladakh (SECMOL), an organization founded by renowned climate activist Sonam Wangchuk, with immediate effect. This decision came after the ministry discovered alleged irregularities in the organisation’s financial practices.

The ministry’s action stems from discrepancies detected in SECMOL’s accounts, notably a controversial fund transfer from Sweden deemed against “national interest.” The order detailed that the ministry had previously issued a show-cause notice to SECMOL regarding these financial irregularities, particularly relating to foreign contributions.

SECMOL, established to promote cultural and educational initiatives in Ladakh, had received approval to accept foreign donations. However, scrutiny of their financial records revealed concerns. Reports indicate that during the fiscal year 2021-22, Wangchuk deposited ₹3.5 lakh into the association’s FCRA account improperly, a move violating Section 17 of the FCRA.

In response to these allegations, SECMOL clarified that this amount stemmed from the sale of an old bus, purchased with funds obtained through FCRA donations. They stated that any proceeds from selling assets acquired via foreign funding should be directed back into the FCRA account.

However, the ministry contested this explanation, citing that the funds were received in cash and therefore not adequately disclosed. The order stated, “an amount of ₹3.35 lakh has been reported by SECMOL as a foreign contribution from Sonam Wangchuk, yet this transaction is absent from the FCRA account, which is a violation of Section 18 of the Act.”

In another alarming discovery, the ministry flagged a transfer of ₹54,600, which SECMOL described as an error in depositing local funds into its FCRA account. Additionally, a sizeable foreign contribution of approx ₹4.93 lakh from Sweden aimed at raising awareness on migration, climate change, and food security is still under investigation.

The Union Home Ministry has rejected SECMOL’s defense arguing that foreign contributions for studies involving national sovereignty violate public interest. As a result, the ministry invoked its powers under Section 14 of the FCRA to promptly revoke SECMOL’s licence.

Following the cancellation, Sonam Wangchuk expressed concerns over the government’s motives, asserting that they are attempting to fabricate allegations against him. Wangchuk, who has led efforts advocating for statehood and constitutional rights for the people of Ladakh, warned of potential personal repercussions.

“I see they are building up a case to bring me under the Public Safety Act and throw me in jail for two years,” Wangchuk stated in a recent interview. “I am ready for that, but Sonam Wangchuk in jail may cause them more problems than a free Sonam Wangchuk,” he added.

This situation raises significant questions regarding the intersection of activism, funding, and national interests in India’s socio-political landscape. With international scrutiny on NGOs and their funding sources, the case of SECMOL highlights the evolving challenges faced by non-profits operating under foreign contribution regulations.

NEW DELHI: A disturbing report released by the Ministry of Statistics and Programme Implementation indicates that over a third of India’s children aged 5 to 9 years could have high triglycerides. The prevalence rates emerge from statistical analyses conducted through various health surveys and highlight regions such as Jammu and Kashmir, West Bengal, and northeastern states as having the highest incidence of this health risk.

Statistics show a staggering 67.2% of children in West Bengal are projected to have elevated triglycerides levels. Similarly, Sikkim reports around 64% of its children affected, accompanied by 55% in Nagaland, 57% in Assam, and 50% in Jammu and Kashmir. These findings raise significant concerns about the long-term health implications for a significant portion of the child population, as high triglycerides can increase the risk of heart disease in adulthood.

In contrast, Kerala and Maharashtra stand out as states with lower prevalence rates. Here, just 16.6% of children in Kerala and 19.1% in Maharashtra were reported to have elevated triglyceride levels. This stark difference underscores the need for targeted public health initiatives in areas with higher risks.

The report, titled ‘Children in India 2025,’ is the fourth edition of the series since its inception in 2008. It was unveiled during the 29th Conference of Central and State Statistical Organisations (CoCSSO) held in Chandigarh on September 25. The ministry described the report as providing “a comprehensive and detailed analysis of the well-being of children in the country.”

To compile the data for this report, officials utilized information gathered from various governmental health surveys, including the National Family Health Survey 2019-21 and Comprehensive National Nutrition Survey 2016-18. This rigorous data collection highlights critical areas of concern regarding the health and well-being of children across India.

Moreover, the findings extend beyond triglyceride levels. The report identifies prematurity and low birth weight as major causes of infant mortality within the first 29 days of life, with a national prevalence of approximately 48%. Additionally, birth asphyxia and trauma during birth, along with pneumonia, rank as the second and third leading causes with prevalence rates of 16% and 9%, respectively. These aspects underline the necessity for enhanced maternal and infant healthcare services.

As the report further explores adolescent health, it classifies around 5% of the teenage population in India as hypertensive. The highest rates of hypertension appear in Delhi (10%), followed closely by Uttar Pradesh (8.6%), Manipur (8.3%), and Chhattisgarh (7%). Worryingly, over 16% of adolescents also exhibit high triglyceride levels, indicating a growing trend of non-communicable diseases among the youth.

Apart from health statistics, the report delves into education statistics, revealing that approximately 63.1% of India’s children and adolescents are literate. For those aged seven and above, the literacy rate climbs to 73.1%. Notably, literacy rates vary across genders; over 80% of boys aged 7-9 are literate, while 81.2% of girls in the same age group also achieve literacy.

This comprehensive report not only sheds light on alarming health metrics related to high triglycerides in children but also highlights broader issues of education and physical well-being that call for urgent governmental attention and resource allocation.