the edit: 2025

On April 22, 2025, Islamist militants struck in Pahalgam’s Baisaran Valley, stripping and murdering 26 Hindu tourists after confirming their faith in the deadliest assault on civilians there in years. India immediately blamed Pakistan-based Lashkar-e-Taiba and The Resistance Front for planning and executing the attack, citing intercepted communications and known training camps across the border. Islamabad denied state complicity and called for a neutral probe, even as it stepped up security for LeT chief Hafiz Saeed amid fears of covert retaliation. Cross-border firing along the Line of Control intensified, with nightly skirmishes prompting both sides to suspend visas and close key border crossings. On April 30, Pakistan warned of credible intelligence indicating an imminent Indian military strike within 24–36 hours, raising fears of wider conflict between the nuclear-armed neighbours. U.S. Secretary of State Marco Rubio urged de-escalation and cooperation in the investigation, while regional leaders called for restraint to avert further bloodshed.

Finance Minister Nirmala Sitharaman’s Budget 2025 reflects a bold push toward a more trust-based tax regime. By raising exemption limits and simplifying tax slabs, the government aims to boost disposable income, driving consumption and investment. The approach signals confidence in taxpayers, reducing compliance burdens and encouraging voluntary adherence. However, shifting to a system that relies on trust requires extensive bureaucratic alignment and institutional conviction. Ensuring smooth implementation will demand clear communication, streamlined enforcement, and a cultural shift within tax authorities. If executed effectively, this could mark a turning point in India’s fiscal policy, fostering both economic growth and greater taxpayer confidence.