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India's Gaganyaan Program Achieves Milestone: Successful SMPS Hot Tests

2025-07-13

ISRO announced the successful completion of two hot tests of the Gaganyaan Service Module Propulsion System (SMPS). The tests, lasting 30 and 100 seconds, validated the system configuration and successfully demonstrated the simultaneous operation of all Reaction Control System (RCS) thrusters and Liquid Apogee Motors (LAMs). This is a crucial step in the Gaganyaan human spaceflight program, aiming to demonstrate India's capability to launch a crewed spacecraft into low Earth orbit. ISRO plans a full-duration hot test shortly.

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G7 Exempts US Multinationals From Global Minimum Tax

2025-06-29

The G7 agreed on Saturday to exempt U.S. multinational companies from a global minimum tax imposed by other countries, a victory for the Trump administration. A "side-by-side" solution will see U.S. companies taxed only at home on both domestic and foreign profits. This follows "recently proposed changes to the U.S. international tax system" within Trump's domestic policy bill, currently debated in Congress. The G7 aims for a swift, mutually acceptable, and implementable solution.