Rs 1.14 crore recovered from school in Ranchi; Funds allegedly meant to influence Assembly polls
Ranchi: The Ranchi Police recently recovered Rs 1.14 crore in cash from G.D. Goenka School in the Namkum area, suspected to be intended for use in the electoral process.
During the raid, which involved searching 25 classrooms, authorities found the money hidden in the vice-principal's office. Foreign liquor bottles, a bag, and two smart phones were also recovered during the raid.
Senior Superintendent of Police Chandan Kumar Sinha stated that the recovered funds was to be used to influence the Assembly elections.
The school's owner, Madan Singh, has been detained for questioning after failing to provide a satisfactory explanation for the cash. Authorities also searched his residence in the Chutia locality, but no additional evidence was found.
Sources in the police reportedly mentioned that Singh has ties to a political party, although specific names have not been disclosed. The Jharkhand Mukti Morcha (JMM) has alleged that Singh has connections with the Bharatiya Janata Party (BJP). Taking to X, JMM official handle wrote, “BJP was trying to tamper with the democratic fabric by stashing cash, nearly Rs 1 crore in the school of one of its leaders to be used during election to influence voters. Thanks to police.”
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Trump says EU has until July 4 to approve last year's trade deal or it will face higher tariffs
Washington (AP): President Donald Trump has said in a social media post that goods from the European Union would face higher tariff rates if the 27-member bloc fails to approve last year's trade framework by July 4.
The announcement on Thursday appeared to be a deadline extension after the president said last Friday that EU autos would face a higher 25 per cent tariff starting this week. Trump made the updated announcement after what he described as a "great call" with European Commission President Ursula von der Leyen.
Still, the US president was displeased that the European Parliament had yet to finalize the trade arrangement reached last year, which was further complicated in February by the US Supreme Court ruling that Trump lacked the legal authority to declare an economic emergency to impose the initial tariffs used to pressure the EU into talks.
"A promise was made that the EU would deliver their side of the Deal and, as per Agreement, cut their Tariffs to ZERO!" Trump posted. "I agreed to give her until our Country's 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels."
It was unclear from the post whether Trump was implying that the tariff rates would jump on all EU goods or the increase would only apply to autos.
His latest statement indicates he might be backing away from his earlier threat on EU autos by giving the European Parliament several more weeks to approve the agreement.
Under the original terms of the framework, the US would charge a 15 per cent tax on most goods imported from the EU.
But since the Supreme Court ruling, the administration has levied a 10 per cent tariff while investigating trade imbalances and national security issues, aiming to put in new tariffs to make up for lost revenues.
