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Greptile CEO Faces Backlash Over 84-Hour Workweek Post, Receives Death Threats and Job Applications
- In November 2024, Daksh Gupta, CEO of AI startup Greptile, sparked controversy with a social media post about his company's 84-hour workweek.
- Gupta revealed employees typically work from 9 am to 11 pm or later, including Saturdays and occasional Sundays.
- Following the viral post, Gupta reported receiving 20% death threats and 80% job applications in his inbox.
- Gupta clarified that the intense work culture is temporary, part of the startup's early growth phase, and not meant to be permanent.
- The CEO faced criticism for promoting a "toxic work environment," while some praised his transparency about the demanding startup culture.
Lok Sabha Suspended Until 2 PM Due to Protests on Bihar Voter List
- Lok Sabha proceedings disrupted by loud protests over the Bihar voter roll revision issue.
- Speaker adjourned the House till 2 pm after persistent sloganeering from opposition benches.
- Opposition members demanded immediate discussion on alleged irregularities in the Bihar roll revision.
- Speaker announced that important legislative business and key bills would be taken up post-lunch.
- The government urged the House to function smoothly to discuss pending and proposed legislation.
India Avoids US-EU Trade Pact Template, Seeks Fairer Terms in Ongoing Trade Talks
- The recent US-EU trade deal sets a 15% baseline tariff on most EU exports to the US.
- European leaders have criticized the deal, saying it mainly favors US interests and weakens EU competitiveness.
- India is observing this pact closely and is determined to avoid a one-sided deal like the US-EU template.
- India’s officials emphasize maintaining WTO-compliant tariffs and not accepting unfair pressure from the US.
- India remains firm on its 'red lines' in trade talks, focusing on fair terms, especially in agriculture and digital taxes.
RBI MPC Meeting Begins: Rate Cut Debate Amid Festive Cheer, Easing Inflation, and US Tariff Challenges
- RBI's MPC meeting starts today, with the policy decision to be announced on August 6.
- The repo rate currently stands at 5.5% after three previous cuts totaling 100 basis points since February.
- Economists are divided; some expect a status quo while others predict a possible 25 basis points rate cut.
- Falling inflation and US tariffs on Indian goods are fueling debate over another rate cut to aid growth.
- Any further repo rate cut would likely lower home and car loan EMIs, benefiting the common man ahead of festive spending.
Trump Vows Debt Reduction Amid Sweeping Global Tariffs, Cites Economic Fairness and Peace Deals
- Trump declared, “We’re going to pay down debt,” citing rising tariff revenues on dozens of countries.
- New US tariffs—up to 50% on some nations—aim to make trade “fair” and fund debt payments.
- Trump claimed the tariffs will generate “much more money than the country’s ever seen” for deficit reduction.
- He defended tariffs as essential for economic leverage, despite critics warning of higher costs for US households.
- Trump also took credit for using trade and tariffs to help settle global conflicts, including India-Pakistan and others.
Jharkhand Icon Shibu Soren Dies at 81 After Prolonged Illness; State Plunged Into Mourning
- Jharkhand Mukti Morcha founder Shibu Soren died at age 81 on August 4, 2025, in Delhi.
- He was receiving treatment at Sir Ganga Ram Hospital for over a month due to kidney and other ailments.
- Shibu Soren had been on life support for a month following a stroke and declining health.
- His son, Chief Minister Hemant Soren, expressed deep grief, saying, “I am left with nothing”.
- National leaders, including PM Modi, paid tributes, hailing Soren’s legacy as a grassroots tribal leader.