Stay updated with the biggest headlines for Tuesday, 3 February – politics, crime, sports, and more – all summarized for quick reading. Get instant access to breaking news, major developments, and trending stories in just one click. Perfect for busy readers who want news on the go.
Top news of the day
Uncertainty persists regarding the match between India and Pakistan before the T20 World Cup. The Pakistan Cricket Board (PCB) has currently refused to play the match against India. However, cricket experts believe that this decision is not final and Pakistan could change its stance. The next 24 hours could prove decisive in this matter.
Former Pakistan captain Rashid Latif has given his opinion on this matter. He said that changing decisions is not new in Pakistan cricket. According to Latif, behind-the-scenes discussions may be ongoing and the situation could change completely in the next 24 hours. He also stated that direct talks between India and Pakistan will not be publicly visible, but this has happened before.
US President Donald Trump has announced a reduction of the 25% reciprocal tariff imposed on India to 18%. US officials also stated that the 25% tariff imposed on oil imported from Russia will also be removed. With this decision, India joins the list of countries on which the US imposes tariffs of less than 20%. Prime Minister Narendra Modi welcomed the move, calling it a major boost for Indian industry and exporters.
An avalanche occurred near the Kinnaur Kailash mountain in Ribba village of Kinnaur district around noon on Monday. Fortunately, there was no loss of life or property as the snow mass slid into a deep ravine.
Fresh snowfall was reported in several high-altitude areas, including the Atal Tunnel–Rohtang, Kothi, Kalpa, Solang Nala, Manali, Sangla, Jot, Keylong and Kufri. Morning fog reduced visibility in Bilaspur, Mandi and Kalpa, with Bilaspur recording the lowest visibility at around 100 metres.
Precious metals rally sharply as global bullion prices rebound amid US government shutdown concerns and thin economic data
Gold and silver prices surged sharply on the Multi Commodity Exchange (MCX) on Tuesday, tracking a strong rebound in global bullion markets.
The impact of the significant tariff deal announced between India and the US was clearly visible on the Indian stock market on Tuesday. Investors were enthusiastic as soon as the market opened, and the Sensex surged to a historic 3,800 points in early trading. The Nifty also jumped by nearly 1,500 points. This significant rally created a positive atmosphere on Dalal Street.
As soon as the market opened, buying pressure was so intense that almost all sectors, including banking, IT, metals, auto, pharma, and FMCG, were in the green. Export-related stocks saw strong buying, especially. Investors hope that the reduction in US tariffs will strengthen the competitive position of Indian companies and increase profits.
There is an atmosphere of excitement in both countries regarding the newly announced trade deal between India and the United States. US President Donald Trump announced on Monday that a significant trade agreement has been finalized between India and the United States. Under this agreement, the US will reduce reciprocal tariffs on products imported from India from 25 percent to 18 percent. President Trump made this announcement after a phone conversation with Prime Minister Narendra Modi.
Commerce and Industry Minister Piyush Goyal called the deal a historic turning point in India-US relations. He congratulated Prime Minister Narendra Modi and President Donald Trump for this achievement. Posting on the social media platform 'X', Goyal said that this agreement demonstrates the potential for shared prosperity between two like-minded democracies.
The activation of two western disturbances in northwest India has once again worsened the weather. Light to moderate rain and snowfall were recorded in the western Himalayan regions, while drizzle, cold winds, and dense fog disrupted normal life in the plains. Although temperatures have increased slightly, the cold wave continues to cause a chilly effect.
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