Overview

India shows remarkable resilience amid global challenges: Industry

India shows remarkable resilience amid global challenges: Industry

India has shown remarkable resilience amid global challenges by continuously moving on a high growth trajectory on the back of prudent policy measures and vigilant monetary policy stance, industry experts said on Saturday.

The foreign exchange reserves surged by $5.16 billion to reach a lifetime high of $657.16 billion during the week ended July 5, according to the latest RBI data.

“This would accelerate India's economic growth to new highs, bolstering its global stature. This increase in Forex reserves will boost India's worldwide attractiveness, supporting domestic trade and industry,” said Shri Sanjeev Agrawal, President, PHD Chamber of Commerce and Industry (PHDCCI).

Food prices set to cool off in coming months as monsoon progresses: Experts

Food prices set to cool off in coming months as monsoon progresses: Experts

The food prices are projected to cool off in the coming months and the inflation trajectory to soften and stabilise between 4 and 4.5 per cent, industry experts have said.

India’s consumer price inflation (CPI) edged up to 5.08 per cent in June this year compared to the same period last year.

According to industry experts, although June rains were deficient, it is not a major concern because July and August rains are what matter for Kharif.

“We expect the progress on monsoons and pick up in sowing to improve agricultural output and cool off food inflation in the coming months,” said Dharmakirti Joshi, Chief Economist, Crisil.

Diamond League: Jessica Hull breaks women's 2,000m world record

Diamond League: Jessica Hull breaks women's 2,000m world record

Jessica Hull showcased a fearsome form ahead of the Paris 2024 Olympic Games as the Australian set a world record of five minutes and 19.70 seconds in the women's 2,000m at the Diamond League meeting, here.

The previous world record of this non-Olympic event was 5:21.56 achieved by Francine Niyonsaba of Burundi in September 2021. Having followed closely as the pacemakers led through the first 1,000m in 2:39.88, Hull stayed focused and the trackside lights indicating world record pace never left her side, reports.

42 Olympic champions lead Chinese delegation to Paris Olympics

42 Olympic champions lead Chinese delegation to Paris Olympics

China will send 405 athletes, including 42 Olympic champions, to the upcoming Paris Olympic Games as a 716-member delegation was officially announced here on Saturday.

The delegation includes 136 male and 269 female athletes, competing in 30 sports at the Games to be officially opened on July 26, reports.

Zhou Jinqiang, deputy director of China's State General Administration of Sport, announced the delegation list, adding that the average age of the competitors is 25, while 223 athletes will make their Olympic debut in Paris.

Vote counting for 3 Assembly seats in Himachal begins

Vote counting for 3 Assembly seats in Himachal begins

Vote counting for Himachal Pradesh's bypoll for three Assembly constituencies began on Saturday, with 13 candidates in the fray for the contest mainly between the state-ruling Congress and the main Opposition BJP.

As much as 70.7 per cent voting was recorded in Dehra, Hamirpur and Nalagarh seats on Wednesday.

The polling was conducted to fill vacancies created by the resignation of incumbent members, all Independents, who are now in the fray as BJP nominees.

In a straight contest between traditional arch-rivals, the Congress and the BJP, the stakes are high for Chief Minister Sukhvinder Singh Sukhu with his wife Kamlesh Thakur making her electoral debut from Dehra in Kangra district.

This constituency was carved out after delimitation in 2010 and the Congress has never won this seat.

Vote counting begins for bypoll in Punjab's Jalandhar West Assembly seat

Vote counting begins for bypoll in Punjab's Jalandhar West Assembly seat

Vote count for Punjab's lone Assembly constituency -- Jalandhar West -- began on Saturday, with 15 candidates in the fray for a multi-cornered contest largely among the state-ruling AAP, the Congress, and the BJP.

Polling was held on Wednesday and saw 54.98 per cent turnout.

The seat fell vacant with resignation of Sheetal Angural as an Aam Aadmi Party (AAP) legislator. He's again in the fray, now as the BJP nominee.

In a battle in the Jalandhar West (reserved) Assembly constituency, Chief Minister Bhagwant Mann's prestige is at stake.

Removal of US pier won't affect humanitarian corridor to Gaza, says Cyprus

Removal of US pier won't affect humanitarian corridor to Gaza, says Cyprus

Cyprus' Amalthea project for the transport of humanitarian aid to Gaza through a sea corridor will not be affected by the impending removal of a floating pier built by the US army, government spokesman Konstantinos Letymbiotis said.

Commenting on a US statement that the floating pier will soon cease operations, the spokesman told the press on Friday that there are alternative ways of delivering humanitarian aid to the civilian population in Gaza, without providing details.

Letymbiotis said the Amalthea project was planned before the US decided to build a floating pier to facilitate the unloading of aid sent by ship from Larnaca port in Cyprus, news agency reported.

Deaths from West Nile fever in Israel surge to 31

Deaths from West Nile fever in Israel surge to 31

With 12 new fatalities confirmed, Israel has recorded 31 deaths from West Nile fever since an outbreak in the country in early May, health authorities said.

The Health Ministry on Friday, in a statement, reported 49 new infection cases, bringing the country's total to 405, close to the annual record high of 425 cases in the year 2000, news agency reported.

The Ministry attributed the high morbidity to warmer and more humid weather in the region, which is favourable to mosquitoes, a host that transmits the virus from birds through bites to humans.

Pilot killed in Polish military aircraft crash

Pilot killed in Polish military aircraft crash

A pilot was killed as a Polish military aircraft crashed in an airshow rehearsal in Gdynia, northern Poland, the media reported.

The crashed plane, the M-346 Master, known as Bielik in the Polish military, is an Italian, two-seat, twin-engine aircraft designed for advanced flight training, news agency reported on Friday.

On board the plane was one of the two most experienced pilots of this kind of plane in Poland, according to reports.

Palestinian man killed by Israeli forces in West Bank: Sources

Palestinian man killed by Israeli forces in West Bank: Sources

A young Palestinian man was killed by Israeli army during a raid in the village of Abwein near the West Bank city of Ramallah, said official and local Palestinian sources.

"Our crews transported a 26-year-old man injured in the head in serious condition from the village," the Palestinian Red Crescent Society said on Friday in a brief statement, without specifying the identity of the victim.

The statement added that the young man died later in the hospital as a result of his injury, news agency reported.

Local sources reported that Israeli forces stormed the village, firing live bullets and tear gas bombs, which led to the youth being injured.

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