Amid escalating tensions between Israel and Iran, US President Donald Trump will depart the G7 summit early. Tensions in the Middle East dominated discussions among world leaders in Canada, prompting urgent diplomacy. Trump issued a stark warning to Tehran, urging immediate evacuation and negotiation.
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Recent World Bank data reveals a significant decline in India's extreme poverty rate, dropping from 27.1% in 2011-12 to 5.3% in 2022-23, lifting nearly 270 million people out of extreme poverty. This reduction is attributed to updated poverty line definitions and improved household survey data. Free food transfers and a narrowing rural-urban poverty gap also contributed to this progress.
Security forces in Chhattisgarh's Bijapur district have killed seven Maoists, including top leaders Narasimha Chalam alias Sudhakar and Bhaskar alias Mailarapu Adellu, in a series of encounters over three days. The anti-Naxal operation, ongoing in the Indravati National Park, resulted in the recovery of arms and ammunition.
India's robust economic growth faces threats from escalating tensions in West Asia, particularly the Iran-Israel conflict, which could spike oil prices and disrupt trade routes. While India possesses sufficient energy reserves, potential disruptions could elevate inflation and shipping expenses. Government officials are closely monitoring the situation, confident that India's strong macroeconomic indicators will help it weather the crisis.
Following Israeli strikes on Iran's Natanz nuclear facility, the IAEA warns of potential radiological and chemical contamination, though external radiation levels remain normal. Damage is confirmed at Natanz and Isfahan, raising global concerns, while the UN criticizes Israel's Gaza operations, citing 'horrifying' Palestinian suffering and urging immediate action to halt the violence.
Australian batter Steve Smith sustained a finger injury during the World Test Championship Final, dislocating his right little finger while attempting a catch. Fortunately, surgery was avoided, and Smith remains hopeful of participating in the upcoming three-match Test series against the West Indies, commencing June 25.
Union Home Minister Amit Shah launched the Bharatiya Bhasha Anubhag, an Indian languages section, to reduce English's role in official communication. This initiative aims to facilitate seamless communication between the Centre and non-Hindi speaking states by enabling translation of official documents.
Magnus Carlsen’s emotional outburst after losing to Gukesh has gone viral. Indian GM Pentala Harikrishna hilariously mimicked the fist smash in a FIDE interview. Even Anish Giri joined the fun earlier, tapping his fist before a game with a smile.
External Affairs Minister S. Jaishankar issued a strong warning to Pakistan, stating India's readiness to conduct strikes within Pakistani territory in response to terrorist provocations. This declaration follows recent Indian military actions, including 'Operation Sindoor,' targeting terror camps after a deadly attack in Pahalgam.
Following the RBI's repo rate cut, public and private sector banks are adjusting lending rates. Existing borrowers with floating-rate loans are poised to benefit more due to automatic rate reductions. Banks are tweaking spreads on home loans and may lower fixed deposit returns to protect profitability, potentially impacting new borrowers and savers.
A US federal appeals court has temporarily upheld President Trump's global tariffs while it reviews the case on an expedited schedule. This decision provides temporary relief to the Trump administration, which is contesting a lower court's ruling that had blocked the broad tariff measures.