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Новости за 15.07.2024

SC to consider setting up bench to hear pleas against laws passed as money bills to circumvent RS

Economictimes.indiatimes.com 

On Monday, the Supreme Court announced it would weigh the formation of a Constitution bench to hear challenges against laws passed as 'money bills,' purportedly to sidestep scrutiny in the Upper House of Parliament. Senior advocate Kapil Sibal raised the issue, emphasizing readiness to proceed with the cases. Chief Justice of India DY Chandrachud acknowledged the request, indicating consideration for forming necessary benches. The move has been welcomed by the Congress, anticipating a definitive ruling before the CJI's term concludes.

Milwaukee braces for Donald Trump and 50,000 visitors

Economictimes.indiatimes.com 

The US Secret Service, in coordination with local, state, and federal law enforcement agencies, on Sunday reaffirmed the robust security plans. Key venues such as the Fiserv Forum, Panther Arena, and the Baird Center are focal points of an extensive security cordon. Stricter measures including vehicle checkpoints, pedestrian restrictions, and limitations on public transit have also been created to safeguard the four-day event. Milwaukee Police Chief Jeffrey Norman emphasised the city's readiness at a press briefing on Sunday. Читать дальше...

Bruised, but undeterred, Donald Trump takes centre stage at GOP meet

Economictimes.indiatimes.com 

During the four-day event beginning Monday, the former president will announce his choice for a running mate, having cited as frontrunners Ohio US Senator JD Vance, Florida US Senator Marco Rubio and North Dakota Governor Doug Burgum, all of whom will speak at the gathering. While the event in Milwaukee, Wisconsin, will be a festive affair to formally nominate Trump, it occurs at a tense moment in US history on the road to the November 5 election rematch between President Joe Biden, 81, and Trump, 78.

Fed's Powell: Latest inflation readings in 'a pretty good place'

Economictimes.indiatimes.com 

Federal Reserve Chair Jerome Powell noted progress in inflation readings for the second quarter of this year, indicating improvement towards the Fed's target. He highlighted three consecutive positive readings, suggesting a favorable trend. Powell's remarks, likely his final before the Fed's July meeting, come amid deliberations over economic policies, with concerns about balancing inflation and economic growth. Market expectations lean towards rate cuts starting in September, pending the Fed's July statement adjustments... Читать дальше...

Canadian PM Justin Trudeau faces criticism for 'punjabi singer' reference to Diljit Dosanjh

Economictimes.indiatimes.com 

Canadian PM Justin Trudeau faced backlash for labeling Diljit Dosanjh solely as a "Punjabi singer," ignoring his Indian identity. This sparked criticism from BJP's Manjinder Singh Sirsa, who accused Trudeau of minimizing Dosanjh's broader background. Despite controversy, Dosanjh's milestone concerts at Vancouver's BC Place and Toronto's Rogers Centre, where he became the first Punjabi artist to headline major Canadian stadiums, underscored his cultural impact. Dosanjh's global reach, highlighted... Читать дальше...



Raise the stakes of BIMSTEC markedly

Economictimes.indiatimes.com 

The Bimstec foreign ministers' retreat in New Delhi aimed to create an actionable roadmap for the seven member countries, including India, Sri Lanka, Bangladesh, Myanmar, Thailand, Nepal, and Bhutan. India must lead by leveraging its economy and partner strengths. Trade among these seven economies has grown, but remains low compared to intra-Asean trade.

Powell, Das & their special interests

Economictimes.indiatimes.com 

Central bankers in the US and India have differing views on interest rate cuts. US Federal Reserve chair Jerome Powell sees an opening for rate cuts, while RBI governor Shaktikanta Das believes it's too early to discuss them. The US sees risks of undershooting leading to inflation revival and overshooting jeopardising growth as evenly balanced. Indian RBI governor Shaktikanta Das is cautious about supply-side factors affecting inflation.

View: 2024 must show the way to 2030

Economictimes.indiatimes.com 

India is in a favorable macroeconomic position, with growth rates higher than all large economies. Despite the conflicting GDP-vs-GVA metrics, food and retail inflation have eased. The twin deficits are in good shape, with the current account balance recording a surplus in Q4 of FY24. The revenue upside from the higher-than-anticipated RBI dividend and healthy tax revenues suggest a comfortable fiscal scenario. However, there are unevenness in sectoral growth, consumption trends, and sentiment.

Piyush Goyal meets investors, WTO DG on Switzerland visit

Economictimes.indiatimes.com 

Minister Piyush Goyal discussed the EFTA Trade Agreement implementation and investment in India with Zurich investors. EFTA nations—comprising Iceland, Liechtenstein, Norway, and Switzerland—committed $100 billion over 15 years, with reduced duties on Swiss watches, chocolates, and diamonds. Goyal met MSC Cargo and Zurich Airport officials, including Josef Felder, to collaborate on airport infrastructure and ancillary air services. Talks with WTO Director General Ngozi Okonjo-Iweala addressed ongoing negotiations... Читать дальше...

Three Cubs struck by train on MP's Midghat track: One dead, tigress returns hindering rescue ops

Economictimes.indiatimes.com 

In a Sunday night train accident in the Budhni-Midghat section, a tiger cub was killed, and two were injured, halting rescues. Chief Conservator Rajesh Khare will move the injured cubs to Van Vihar. Delays in Ratapani's tiger reserve status face activist criticism, with Chief Minister Dr. Mohan Yadav urging swift notification to make it the state's eighth tiger reserve.

West Bengal Panchayat department plans to set up marketing board for SHGs, FPOs

Economictimes.indiatimes.com 

West Bengal's Panchayat department is set to launch a marketing board for SHGs and FPOs, targeting market linkages, capacity building, livelihoods, and research, pending state government approval. Secretary P Ulaganathan praised the IIM Kolkata-trained 150 SHG women, supported by IIM-Joka, for boosting their income; their products are now in New Delhi and Mumbai. The state aims for the highest number of Lakhpati Didis through active entrepreneurship programs.

At Euro final, form followed function

Economictimes.indiatimes.com 

Spain's 2-1 victory over England in the Euro football final demonstrated a balance between functionality and aesthetics. Despite a slow start, Spain's players stepped up in the second half, with key performances from Cucurella and Oyarzabal. The winning goal highlighted the team's ability to combine efficiency with elegance.

Donald Trump: Resurrection of son of a gun

Economictimes.indiatimes.com 

Donald Trump has transformed from a mere candidate into a martyr figure for his supporters after surviving an assassination attempt. The incident has quickly become a political tool, with Republicans rallying around Trump, portraying him as divinely protected and leveraging the event to boost his image and campaign.

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Camlin founder Subhash Dandekar dies

Economictimes.indiatimes.com 

Subhash Dandekar, founder of Camlin, passed away at 86. He was the chairman emeritus of Kokuyo Camlin after selling the brand to Japan's Kokuyo.

Who will Trump choose as his Veep pick? JD Vance among top contenders

Economictimes.indiatimes.com 

Former President Donald Trump is set to announce his vice-presidential running mate at the Republican National Convention. Ohio Senator JD Vance, a former critic turned supporter, is the frontrunner. Other contenders include Doug Burgum and Marco Rubio. Trump's choice will be revealed in Milwaukee, with attention on Vance, married to Indian-American Usha Chilukuri. The announcement comes amid heightened security and speculation.

Working on investment to support workers who would lose jobs at UK unit: Tata's N Chandrasekaran

Economictimes.indiatimes.com 

Tata Steel is collaborating with the UK government and unions to invest in skill development for workers affected by the modernisation of its Port Talbot plant. The company is transitioning to a low-emission electric arc furnace (EAF) process, resulting in job losses of around 2,500 people. The EAF project aims to reduce CO2 emissions by 5 million tonnes per annum, ensure continuity of steelmaking in Port Talbot, and preserve most jobs.

Karnataka govt decides to implement recommendations of 7th Pay Commission

Economictimes.indiatimes.com 

The Karnataka cabinet has approved the implementation of the seventh Pay Commission's recommendations, effective from August 1. The commission, chaired by K Sudhakar Rao, proposed a 27.5% increase in the basic salary of over seven lakh state government employees. This adjustment is anticipated to cost the government an additional Rs 17,440.15 crore annually.


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