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Forex reserves dip by $5.87 billion to $590.588 billion

The country’s foreign exchange reserves declined by USD 5.87 billion to USD 590.588 billion in the week ended on June 17, the RBI data showed. In the previous week ended on June 10, the reserves had dropped by USD 4.599 billion to USD 596.458 billion. In the reporting week, the forex reserves fell due to a dip in foreign current assets (FCAs), a major component of the overall reserves, and also in gold reserves, the data showed.

ED assures HC no coercive action against Karti Chidambaram till July 12

The Enforcement Directorate (ED) Friday orally assured the Delhi High Court that no coercive action will be taken against Congress MP Karti P Chidambaram till July 12, when his anticipatory bail plea in the alleged Chinese Visas scam will be taken up for hearing. Justice Jasmeet Singh also asked the ED to file a status report on the matter before the next date of hearing. At the request of counsel for Karti and ED, the court listed the matter for further hearing on July 12.

“Inflation expected to remain higher than RBI tolerance level till December”

“Until December, CPI inflation is expected to remain higher than the upper tolerance level; thereafter it is expected to go below 6 per cent as per our current projections. There will be inflationary pressures, and only in the fourth quarter, we have projected it to go below 6 per cent,” RBI Governor Das said in an interview

Uttarakhand Chief Minister Dhami meets Amit Shah in Delhi

Uttarakhand Chief Minister Pushkar Singh Dhami paid a courtesy call to the Union Home and Cooperation Minister Amit Shah, in New Delhi on Friday. The Chief Minister requested the Union Minister to increase the grant permissible in CSISAC (Component-1) of the National Cooperative Development Corporation for Himalayan and North Eastern States from 20 per cent to 40 per cent.

RAW chief’s tenure extended, Tapan Deka appointed as new IB Director

The Central government on Friday gave one-year extension in service to Research and Analysis Wing (RAW) chief Samant Goel and appointed senior IPS officer Tapan Deka as Director of Intelligence Bureau. Goel, a 1984-batch IPS officer from Punjab cadre, would continue to be the Secretary of Research and Analysis Wing (RAW) for a period one-year beyond the presence tenure upto June 30, 2023, a Ministry of personnel order said.

Halep pulls out of Bad Homburg semis with neck issue

Former world number one Simona Halep pulled out of her semi-final match at the Bad Homburg Open in Germany on Friday due to a neck issue, days before the start of Wimbledon. The 30-year-old Romanian was due to play Canadian Bianca Andreescu, who will advance to the final of the WTA 250 event against a Frenchwoman – either Alize Cornet or Caroline Garcia.

Ukrainian forces to withdraw from Severodonetsk

Ukrainian forces were ordered to withdraw from Severodonetsk, the administrative center of the Ukraine-controlled part of the eastern Lugansk region, a regional governor said on Friday. “The soldiers of the Armed Forces of Ukraine and the National Guard were ordered to withdraw to new positions, to new fortified areas, and carry out full-fledged combat operations from those positions,” Serhiy Haidai, head of the Lugansk regional military administration, said on Telegram.

COVID-19 vaccines saved 20M lives in first year, scientists say

Nearly 20 million lives were saved by COVID-19 vaccines during their first year, but even more deaths could have been prevented if international targets for the shots had been reached, researchers reported Thursday. On Dec. 8, 2020, a retired shop clerk in England received the first shot in what would become a global vaccination campaign. Over the next 12 months, more than 4.3 billion people around the world lined up for the vaccines.

Bulgarian lawmakers vote to unblock N Macedonia’s EU bid

Bulgaria’s parliament voted Friday to lift a veto that has long blocked European Union membership negotiations with North Macedonia and Albania, raising fresh hopes that the bloc can now press on with its expansion plans in the Western Balkans amid Russia’s war in Ukraine. France, which currently holds the EU’s rotating presidency, had made last-ditch efforts this week to resolve an ethnic and cultural dispute between Bulgaria and North Macedonia that was the source of the veto.

IAS (Retd) Parameswaran Iyer appointed as Chief Executive officer, NITI Aayog for a period of two years or until further orders.

Taiwan confirms first imported case of monkeypox

Taiwan’s government on Friday confirmed its first imported case of monkeypox, a man in his 20s who had studied in Germany from January until June this year when he returned to the island.

RAW chief gets extension for one year

IPS officer Tapan Kumar Deka appointed as Director Intelligence Bureau

It’s a historic decision taken by PM Modi and our NDA allies to choose Droupadi Murmu, a tribal woman, for the top post of President. Her life was full of struggles but she overcame all that. Today her nomination was filed

– Himachal Pradesh CM Jairam Thakur in Delhi

PM’s G7 Summit trip

  • At the invitation of the German Chancellor Olaf Scholz, PM will be traveling to Schloss on the midnight of 25th June to participate in the G7 Summit. Besides India, Germany has also invited Argentina, Indonesia, Senegal and South Africa, says Foreign Secretary Vinay Kwatra.
  • During the visit, PM will also hold bilateral meetings and discussions with the leaders of G7 as also the guest countries on the sidelines of the G7 Summit, Kwatra adds.
  • After attending the G7 Summit, PM will be travelling to the UAE on 28th June to pay personal condolences on the passing away of Sheikh Khalifa bin Zayed Al Nahyan, the former UAE President and Abu Dhabi Ruler: Foreign Secretary Vinay Kwatra

Intel India opens new design and engineering centre in Bengaluru

Intel India on Friday announced the expansion of its design and engineering footprint in India with the unveiling of a new 4.53 lakh sq. ft facility in Bengaluru.The new centre across two towers can accommodate 2,000 employees and will help advance Intel India’s “cutting-edge” design and engineering work in client, data centre, IoT, graphics, artificial intelligence, and automotive segments, a company statement said.

Traders, transport bodies oppose Delhi govt’s move to ban heavy vehicles in city

Opposing the Delhi government’s decision to ban entry of medium and heavy goods vehicles in the city, traders and transport organisations said it would “grossly and adversely affect” businesses in the national capital. The decision to ban the entry of medium and heavy goods vehicles to the national capital from October 1 to February 28 was aimed at curbing vehicular pollution. However, vehicles carrying raw vegetables, fruit, grains, milk and essential commodities will be allowed to enter the city, they said. According to an official, vehicular pollution leads to deterioration in the air quality during the winter months.

Afghanistan seeks help for earthquake survivors as aftershock kills five

Afghanistan does not have enough medical supplies to treat the injured from an earthquake that killed 1,000 people this week, a senior official said, as an aftershock on Friday killed five more people. About 2,000 people were injured and 10,000 houses were partially or completely destroyed in the Wednesday earthquake.

Delhi Sports University will award degrees to sportspersons to help them get jobs in case they want to work: Chief Minister Arvind Kejriwal

J&K government orders premature retirement of 9 employees

J&K Government has ordered premature retirement of nine employees of the Housing and Urban Development Department under Article 226(2) of the Jammu and Kashmir Civil services Regulations on charges of corruption.

Capabilities of DRDO’s new surface-to-air missile, VL-SRSAM

  • VL-SRSAM, a ship-borne weapon system, is meant for neutralising various aerial threats at close ranges incl sea-skimming targets.
  • Today’s launch of the system was conducted against a high-speed aerial target mimicking aircraft, which was successfully engaged.
  • The flight path of the vehicle along with health parameters were monitored using a number of tracking instruments deployed by ITR, Chandipur.
  • The test launch was monitored by senior officials from DRDO & Indian Navy

DRDO tests short-range surface-to-air missile

DRDO launched a short-range surface-to-air missile successfully today.The launch was conducted from Indian Naval Ship, off the coast of Chandipur, Odisha, said DRDO officials

Is Indian economy in the pink of health, asks Chidambaram

Watch: Northern Army Commander Lt General Upendra Dwivedi drives a Made-in-India Infantry Combat Vehicle

NDA President poll nominee Draupadi Murmu calls opposition leaders Sonia Gandhi, Sharad Pawar, Mamata Banerjee seeking support for her candidature.

Made-in-India Infantry Combat Vehicles inducted into the Indian Army

One can easily drive the vehicle and the driver can see 1,800 meters away from it. The weapon mounted on it can be controlled from inside, said Northern Army Commander Lt General Upendra Dwivedi

Draupadi Murmu leaves Parliament after filing her nomination for Presidential polls

PM Modi along with several union cabinet ministers and CMs of BJP & NDA ruled states were present with her while filling the nomination.

Jharkhand government wants probe into Ranchi violence

Jharkhand government has sought time to file a detailed report in Jharkhand High Court in a PIL demanding a NIA probe in Ranchi violence that took place on June 10.

Prime Minister Narendra Modi hands over Murmu’s nomination papers to Returning Officer P C Mody

Brand new Jet Airways asks former cabin crew members to rejoin

Prime Minister Modi arrives in Parliament ahead of nomination for Presidential post

Presidential election begins, here are all the details

NDA’s Presidential candidate Draupadi Murmu paid tributes to the statues of Mahatma Gandhi, Dr BR Ambedkar and Birsa Munda at Parliament, as she arrived in the Parliament for filing her nomination. All the action so far:

  • Jharkhand Mukti Morcha has called a meeting of its legislators and MPs, tomorrow, pertaining to the decision on extending support to Presidential election candidates. Meeting to be chaired by party supremo Shibu Soren.
  • The Centre has provided ‘Z’ category armed security cover of Central Reserve Police Force to opposition’s presidential candidate Yashwant Sinha.
  • Opposition candidate for the Presidential election Yashwant Sinha to file his nomination for the election on June 27.

Presidential election 2022 begins: Draupadi Murmu arrives at Parliament

Netflix sacks its workforce by 4%

Netflix Inc said it laid off 300 employees, or about 4% of its workforce, in the second round of job cuts aimed at lowering costs after the streaming giant lost subscribers for the first time in more than a decade.

CBI searches five locations in Delhi in connection with Rs 69.33 crore alleged bank fraud by packaging company Rave Scans: officials

Important JMM meet tomorrow to take call on Presidential candidates

Jharkhand Mukti Morcha has called a meeting of its legislators and MPs, tomorrow, pertaining to the decision on extending support to Presidential election candidates. Meeting to be chaired by party supremo Shibu Soren

Relief material on its way to Afghanistan

Biolexis, Akston Biosciences see encouraging top-line results from phase II/III trial of thermostable COVID-19 vaccine

Z security to opposition’s Presidential candidate Yashwant Sinha

The Centre has provided ‘Z’ category armed security cover of Central Reserve Police Force to opposition’s presidential candidate Yashwant Sinha, who will be filling his nomination on June 27.

India’s current account deficit to widen in FY23, says brokerage Edelweiss

Three reasons that shows market pain is unlikely to end

  • Foreigner FlightOverseas: investors have been selling Indian stocks at a record pace, withdrawing about $32 billion from the market since September. The retreat of foreigners is part of a wave hitting nations including South Korea and Taiwan as well.
  • Rosy Estimates: The drop in Indian equities has mainly been caused by valuation contraction so far. Earnings estimates for the NSE Nifty 50 Index are yet to clock a meaningful decline like that seen in MSCI Inc.’s broadest measure for Asian equities.
  • Small-Caps hit: Smaller stocks have been hit harder by investor risk aversion, with gauges of small and mid-cap Indian shares having already entered bear markets. Market breadth has weakened, with just 16% of S&P BSE 500 Index stocks trading above their 200-day average level, the lowest level in two years.

Trouble in AIADMK camp?

O Panneerselvam has reportedly moved Election Commission against EPS camp alleging attempts to change the party leadership to ‘unitary’ form against the rules of the party.

Race to Raisina Hills begins

RBI governor Shaktikanta Das on inflation, delay in hikes and rupee’s collapse against dollar

Risks to economy: inflation is definitely the biggest challenge confronting most countries. Almost all market economies are confronted with mounting inflation, which is a problem that worries governments and central banks worldwide. The current surge in our inflation is primarily because of global factors. From April onwards, we have been taking rate actions to effectively deal with rising inflation.Delay in hikes:The idea was to take out liquidity from the system in a very gradual and orderly manner. Unless you take out excess liquidity, overnight call rates will not respond to rate hikes and will remain lower. So, you have to deal with the problem of excess liquidity first.On Rupee’s collapse: Our forex reserves are quite strong. Our forex reserves are almost two-and-a-half times that of our short-term foreign debt in terms of residual maturity. Second, our macro fundamentals are far better, and India is in a better place than many other economies. Further, India is witnessing revival of growth, which is also steady.

Opposition’s pick for President Yashwant Sinha to file his nomination on June 27

Opposition candidate for the Presidential election Yashwant Sinha will file his nomination for the election on June 27. Sinha will be visiting Bihar & Jharkhand for two days from today onwards. NDA’s nominee for president Draupadi Murmu will file her nomination papers today in the presence of Prime Minister Narendra Modi and other senior leaders. Murmu reached New Delhi on Thursday where she met PM Modi, home minister Amit Shah, defence minister Rajnath Singh and BJP national president JP Nadda.

All indices in green; FMCG stocks on a roll, HUL, Future Consumer, Britannia up more than 2%

Price as on 24 Jun, 2022 09:48 AM, Click on company names for their live prices.

Covid-19 Case Count

India reports 17,336 new Covid19 cases today; Active cases rise to 88,284

Other regional forces

The National People’s Party (NPP) chief and Meghalaya Chief Minister Conrad Sangma and Nagaland Chief Minister Nephiu Rio have already confirmed their participation in the nomination for the Presidential election on Friday.

Chances of division in the NDA rank ruled out

With Bihar CM Nitish Kumar’s endorsement of Murmu’s candidature chances of division in the NDA rank has been ruled out. JD(U) HAS 21 MPs and 52 MLAs in three states- Bihar, Arunachal Pradesh and Manipur. With 16 members in Lok Sabha, JD(U) is the largest BJP ally of NDA at the Centre.

JMM to review its position

The Jharkhand Mukti Morcha (JMM), led byHemant Soren, may be among the 17 Opposition parties, which nominated Yashwant Sinha on June 21 as their joint candidate for the July 18 Presidential election, but the tribal party seems all set to review its position and back the ruling BJP-led NDA’s Presidential nominee, Droupadi Murmu.

RSS backs Murmu’s nomination

  • The RSS, which has hailed Murmu’s nomination, has been pitching with help through the Vanvasi Kalyan Ashram (VKA) to forge better ties between the party and the tribes.
  • VKA has been instrumental in helping the BJP gain a foothold in the Northeast where conversion is a major concern.

BJP hopes to win tribal votes with Murmu’s nomination

Tribal communities that make up 8.6% of country’s population are an important constituency for the BJP that banks on a coalition of castes.

ED Questioning

Rahul Gandhi said ‘I am too tired’ to 20% of questions: ED officials

Nomination Papers

Four sets of nomination papers will be filed with signatures of Union Ministers, BJP MPs, MLAs and of leaders from supporting parties. She will then embark on a nationwide campaign, urging different political parties to support her bid.

J-K LG Manoj Sinha reviews Amarnath Yatra preparations

The all-crucial meeting

Ahead of a nationwide campaign for her election, Droupadi Murmu met Prime Minister Narendra Modi, senior Union ministers Amit Shah and Rajnath Singh and BJP president J P Nadda on Thursday.

BJP leaders welcome Murmu

At the Delhi airport, Murmu was welcomed by BJP leaders Manoj Tiwari, Arjun Munda, Arjun Ram Meghwal, Adesh Gupta and others. She will stay at the Odisha Bhavan.

Andhra CM backs NDA candidate Droupadi Murmu

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