Elon Musk, Vivek Ramaswamy to lead Department of Government Efficiency: Trump
Washington (PTI): US President-elect Donald Trump on Tuesday announced that Tesla owner Elon Musk and Indian American entrepreneur Vivek Ramaswamy will lead the Department of Government Efficiency or DOGE.
"I am pleased to announce that the Great Elon Musk, working in conjunction with American Patriot Vivek Ramaswamy, will lead the Department of Government Efficiency (DOGE)," Trump announced.
Ramaswamy is the first Indian American to have been tapped by Trump into his administration beginning January 20 next year.
"Together, these two wonderful Americans will pave the way for my administration to dismantle government bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure federal agencies -- essential to the 'Save America' Movement," he said.
"This will send shockwaves through the system, and anyone involved in government waste, which is a lot of people!" stated Musk, as per the statement issued by Trump.
The US President-elect said this will become, potentially, "The Manhattan Project of the current time".
Republican politicians have dreamed about the objectives of DOGE for a very long time. To drive this kind of drastic change, the Department of Government Efficiency will provide advice and guidance from outside of government, and will partner with the White House and Office of Management and Budget to drive large-scale structural reform, and create an entrepreneurial approach to the government never seen before, he said.
"I look forward to Elon and Vivek making changes to the federal bureaucracy with an eye on efficiency and, at the same time, making life better for all Americans. Importantly, we will drive out the massive waste and fraud which exists throughout our annual USD 6.5 trillion of government spending," said the president-elect.
"They will work together to liberate our economy, and make the US government accountable to 'WE THE PEOPLE'. Their work will conclude no later than July 4, 2026. A smaller government, with more efficiency and less bureaucracy, will be the perfect gift to America on the 250th Anniversary of The Declaration of Independence. I am confident they will succeed!" Trump declared.
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Thane engineer loses Rs 3 crore in online trading fraud
Thane (PTI): A 46-year-old mechanical engineer in Maharashtra's Thane city has allegedly been duped of Rs 3.15 crore after being lured to invest in a fraudulent online trading platform, police said on Sunday.
The complainant, a resident of the Kasarvadavali area, alleged that a person had contacted him and promised high returns through investments on a website.
Believing the representation to be true, the complainant invested Rs 3,15,67,954 between December 12, 2025 and February 11 this year, cyber police station sub-inspector Lahu Rathod said.
"The complainant stated that he was initially shown a profit of USD 5 lakh on the platform, which built his confidence. However, when he attempted to withdraw or secure his invested amount, his account was blocked and he realised that he had been cheated," the official said.
Based on his complaint, the police registered a case on Friday against three individuals under Bharatiya Nyaya Sanhita sections 318(4) (cheating) and 316(2) (criminal breach of trust), and sections 66(C) and 66(D) of the Information Technology Act for cheating, impersonation and online fraud, he said.
A probe was underway into the case.
