NewzIntel.com

Category: India

  • Senior RCB official among four arrested in Bengaluru stampede case

    Source: Government of India

    Source: Government of India (4)

    Bengaluru Police on Friday arrested four individuals, including senior Royal Challengers Bengaluru (RCB) official Nikhil Sosale and three event managers, in connection with the stadium stampede that killed 11 and injured several others earlier this week.

    According to the police, the arrests were made in a joint operation by the Cubbon Park police and the Central Crime Branch (CCB) at the Kempegowda International Airport as the accused were reportedly attempting to leave for Mumbai.

    Police identified the other three arrested as Sunil Matthew, Kiran, and Sumanth, all staffers of DNA Entertainment. The accused are currently being interrogated at the Cubbon Park Police Station by the Seshadripuram Assistant Commissioner of Police (ACP).

    Raids were also conducted at the residences of Karnataka State Cricket Association (KSCA) secretary Shankar and treasurer Jayaram.

    According to the FIR filed by police, the RCB franchise, along with DNA Entertainment and the KSCA’s administrative committee, went ahead with organizing a “victory celebration” despite being denied official permission for the event. The event was promoted on social media by Sosale and the official RCB handle.

    The announcement, which claimed that free tickets would be distributed at Gates 9 and 10 of the stadium at 1 p.m. on Wednesday, led to an uncontrollable crowd gathering. Police said no proper arrangements were made for ticket distribution, and only three of the 21 stadium gates were opened, leading to chaos.

    The social media post was later deleted, but by then, lakhs had gathered at the stadium premises. “DNA acted on the instructions of Sosale,” police said in the FIR.

    On Thursday, Chief Minister Siddaramaiah announced the suspension of five senior police officers, including Bengaluru Police Commissioner B Dayananda and DCP (Central) Ramesh Banoth, citing serious lapses in crowd management.

    “This is one of the most unfortunate incidents I’ve seen in public life,” Siddaramaiah said at a press briefing. “We are deeply saddened, and strict action will be taken against all responsible.”

    IANS

  • MIL-OSI Asia-Pac: CHP investigates suspected case of mad honey poisoning

    Source: Hong Kong Government special administrative region

    The Centre for Health Protection (CHP) of the Department of Health is today (June 5) investigating a suspected case of mad honey poisoning, and reminded the public to buy honey from a reliable source or apiary.

         A 51-year-old female developed dizziness around 30 minutes after consuming honey earlier today. She attended the Accident and Emergency Department of Pok Oi Hospital and was hospitalised for observation due to hypotension and bradycardia. The patient is now in stable condition. Her clinical diagnosis was suspected mad honey poisoning.

         A preliminary investigation revealed that the patient had consumed honey brought by her relative from Nepal. The poisoning might have been caused by grayanotoxin. The CHP’s investigation is ongoing.

         Mad honey poisoning is caused by ingestion of honey containing grayanotoxins derived from plants belonging to the Ericaceae family, including rhododendrons. Grayanotoxins are neurotoxins which can affect nerves and muscles. Symptoms of poisoning include nausea, vomiting, diarrhoea, dizziness, weakness, excessive perspiration, hypersalivation and paraesthesia shortly after ingestion. In severe cases, hypotension, bradycardia or shock may occur.

         Members of the public are reminded to take heed of the following preventive advice:

    • Buy honey from a reliable source or apiary;
    • Discard honey with a bitter or astringent taste – grayanotoxin-containing honey may cause a burning sensation in the throat; and
    • Pay special attention to honey from India, Nepal and the Black Sea region of Türkiye as there have been grayanotoxin poisoning cases connected with honey from these areas.

    MIL OSI Asia Pacific News –

  • MIL-OSI Banking: New Development Bank, Bank of China and Haitong Unitrust Financial Leasing sign RMB 1.2 billion Syndicated Loan Agreement to Support Environmental Projects in China

    Source: New Development Bank

    The New Development Bank (NDB), Bank of China and Haitong Unitrust International Financial Leasing (HUIFL) have signed a syndicated loan agreement totalling RMB 1.2 billion to finance green leasing sub-projects that support China’s environmental goals and climate commitments.

    The signed loan agreement supports China’s transition toward a new growth model centred on low-carbon development, climate resilience, and environmental protection. Despite progress in recent years, environmental protection and climate change mitigation continue to be considered national priorities, and this Project aligns directly with that policy direction.

    Under the loan agreement, NDB will provide RMB 713.32 million, Bank of China will contribute RMB 500 million, and HUIFL will use the funds to acquire and lease equipment to lessees implementing sub-projects related to wastewater treatment, solid waste management, and metallurgical waste gas utilization for power generation. To promote balanced development, eligible sub-projects will be located outside China’s four Tier I cities, channelling investment into less-developed regions.

    This is the first time NDB mobilizes private capital in a syndicated operation, marking a significant evolution in the Bank’s development financing approach. Since the adoption of the Addis Ababa Action Agenda in 2015, multilateral development banks have increasingly prioritized the mobilisation of private capital to help bridge the significant financing gap required to achieve the 2030 Agenda. In line with this collective commitment, NDB is scaling up private capital mobilization, and this transaction represents a concrete step in implementing that strategy, positioning NDB as a project orchestrator within its member countries.

    Aligned with NDB’s General Strategy for 2022–2026, this operation reinforces New Development Bank’s commitment to financing sustainable development projects using local currency instruments, while strengthening domestic financial markets and fostering private sector participation.

    “NDB is proud to partner with Bank of China and Haitong Unitrust Financial Leasing to finance green sub-projects that promote sustainable development and support China’s environmental goals and climate commitments. This initiative addresses the need for climate resilience and environmental protection and contributes to increasing investment in less-developed regions in China,” said Mr. Vladimir Kazbekov, NDB Vice-President and Chief Operating Officer. “In helping to address the infrastructure financing gap, New Development Bank is playing a catalytic role in mobilizing resources from diversified funding sources, particularly from the private sector, in line with its General Strategy.”

    “The successful launch of this environmental protection syndicated loan represents not only a concrete initiative by Bank of China Shanghai Branch, NDB, and HUIFL to actively implement national strategies, but also an innovative collaboration among the three parties. Taking this opportunity, Bank of China Shanghai Branch will further leverage its global advantages and comprehensive strengths to provide more professional services to NDB and HUIFL, jointly injecting green and sustainable momentum into high-quality economic and social development,” said Mr. Xiao Wang, General Manager of Bank of China, Shanghai Branch.

    “Taking this cooperation as a starting point, Guotai Haitong Securities and HUIFL will leverage the group’s global resources and partner with NDB and Bank of China to proactively serve the national strategies, actively increase support to areas of environmental protection and energy efficiency and jointly address issues in green development,” said Mr. Yuxing Mao, Vice-President of Guotai Haitong Securities Company.

    Background Information

    New Development Bank

    NDB was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging market economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development.

    For more information on NDB, please visit www.ndb.int

    Haitong Unitrust International Financial Leasing

    Established in 2004 and headquartered in Shanghai, HUIFL is a leading financial leasing company in China, with operations across sectors including advanced manufacturing, energy and environmental protection, construction, urban utilities and transportation & logistics. HUIFL is listed on the Hong Kong Stock Exchange and has a strong track record in green leasing. In March 2025, the indirect controlling shareholder of HUIFL was changed to Guotai Haitong Securities Company, and the actual controller was Shanghai International Group.

    For more information on HUIFL, please visit www.utfinancing.com

    Bank of China

    Bank of China was established in 1912 and is the oldest continuously operating state-owned commercial bank in China. In 2011, it became the first global systemically important bank from an emerging economy, with its international standing, competitiveness, and comprehensive strength ranking among the top tier of global banks. It operates branches across the Chinese mainland as well as in 64 countries and regions overseas.

    For more information on Bank of China, please visit https://www.boc.cn/

    MIL OSI Global Banks –

  • MIL-OSI Banking: Result of the Daily Variable Rate Repo (VRR) auction held on June 06, 2025

    Source: Reserve Bank of India

    Tenor 3-day
    Notified Amount (in ₹ crore) 25,000
    Total amount of bids received (in ₹ crore) 3,550
    Amount allotted (in ₹ crore) 3,550
    Cut off Rate (%) 5.51
    Weighted Average Rate (%) 5.51
    Partial Allotment Percentage of bids received at cut off rate (%) NA

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/492

    MIL OSI Global Banks –

  • MIL-OSI: Tredu.com Launches Global Platform to Revolutionize Trading Education

    Source: GlobeNewswire (MIL-OSI)

    NEW DELHI, INDIA, June 06, 2025 (GLOBE NEWSWIRE) — Tredu.com announces the launch of a new global platform designed to transform trading education by connecting traders of all skill levels with verified educators from around the world. Built to bridge the gap between theory and real-market experience, Tredu.com aims to make high-quality trading education more accessible, reliable, and inclusive than ever before.

    Addressing a Fragmented Market

    In recent years, trading has seen unprecedented growth across all demographics. Yet, access to trustworthy, structured education remains inconsistent. Many aspiring traders struggle to distinguish between legitimate educational opportunities and low-value or even misleading content.

    Tredu.com directly addresses this challenge. Through a curated marketplace, the platform enables users to discover, compare, and book trading educators across a wide spectrum of asset classes, including forex, crypto, stocks, commodities, and indices.

    Traders today are overwhelmed by noise and misinformation, our platform was created to give learners a single, reliable destination where they can connect with real professionals offering real insights; not hype.

    A Platform Built for Traders, by Educators

    Tredu.com’s structure is designed with flexibility in mind. Traders can search for educators by language, specialization, experience level, or even trading style. The platform also supports both live one-on-one sessions and structured courses, depending on user preference.

    Educators, on the other hand, gain access to an international audience of active learners. Each educator’s profile includes verified credentials, student reviews, and a transparent pricing model. Instructors can list offerings across multiple formats, from single masterclasses to long-term mentorship programs.

    Quality Assurance and Transparency at the Core

    Every educator on Tredu.com goes through a strict onboarding process that includes verification of qualifications and trading history. The platform also enforces rigorous quality controls, including periodic audits, feedback loops, and performance tracking.

    Our goal is not just to connect traders and educators. It’s to elevate the standard of trading education worldwide. We believe that transparency, accountability, and quality assurance should be built into the system.

    Global Reach, Local Impact

    Today, educators and traders in more than 30 countries actively use the platform. With built-in multilingual support and payment systems that work smoothly across borders, Tredu makes it easy for users on nearly every continent, from Europe to Asia, Africa to the Americas, to connect without friction.

    As more individuals turn to trading as a means of building financial autonomy, the need for reliable education has never been greater. Tredu.com steps into this space with a clear mission: to support a new generation of informed, skilled traders who can make confident decisions in the markets.

    Tools That Support Real Growth

    To make the learning journey more effective, Tredu.com equips users with a suite of practical tools. From real-time performance tracking to built-in video conferencing and smart analytics, these features help both educators and learners stay aligned and measure results over time. The focus is on progress that can be seen, tracked, and applied in real-market situations.

    In upcoming development phases, Tredu.com plans to roll out certification pathways and partner with brokerages and financial institutions to offer verified learning tracks tied to real-world opportunities.

    Industry Response

    Early feedback from both independent educators and trading communities has been overwhelmingly positive. Many see Tredu.com as a needed evolution in a space where education has lagged behind innovation.

    “Finding a mentor used to mean luck or years of networking,” said one beta tester from Madrid. “Now it’s as simple as opening an account and browsing a verified list of experts. This is a game-changer for anyone serious about trading.”

    About Tredu.com

    Tredu.com is a global marketplace for trading education, designed to connect learners with verified trading professionals worldwide. The platform supports personalized and course-based learning across all major financial instruments, combining transparency, flexibility, and high standards. Tredu.com operates with the mission of making credible, practical trading education accessible to all.

    Media Contact

    Brand: Tredu.com

    Contact: Tredu PR Team

    Email: marketing@tredu.com

    Website: https://www.tredu.com

    The MIL Network –

  • Centre holds workshop to prepare for International Yoga Day 2025

    Source: Government of India

    Source: Government of India (4)

    The Ministry of Ayush, in collaboration with the Ministry of Information and Broadcasting, held a virtual workshop on Thursday to coordinate preparations for the International Day of Yoga (IDY), scheduled for June 21. The session was attended by more than 400 officials from various ministries and departments, and focused on inter-agency coordination and public outreach.

    This year’s edition of the IDY is particularly significant as it marks a decade since the United Nations recognised yoga as a global practice in 2014 through a unanimous resolution. Following this, the first International Day of Yoga was celebrated on June 21, 2015.

    The theme for IDY 2025, “Yoga for One Earth, One Health,” aims to reinforce India’s message of holistic well-being and sustainable living.

    The workshop was chaired by Vaidya Rajesh Kotecha, Secretary of the Ministry of Ayush. He said the event had evolved into a national movement and emphasised the need for a whole-of-government approach to ensure widespread participation.

    Senior officials including C. Senthil Rajan, Joint Secretary in the Ministry of Information and Broadcasting, and Monalisa Dash, Joint Secretary in the Ministry of Ayush, addressed the gathering. Discussions included strategies for media integration and coordinated planning.

    Officials reviewed ongoing inter-ministerial efforts and discussed expanding outreach to rural, tribal, and urban areas using both digital and ground-level initiatives.

    With less than a month to go, the government is gearing up for what could be the most expansive edition of IDY yet, reaffirming yoga’s role in global public health and India’s leadership in preventive healthcar

  • RBI reduces inflation forecast to 3.7% for 2025-26

    Source: Government of India

    Source: Government of India (4)

    The Reserve Bank of India has revised its inflation outlook for 2025-26 downwards from the earlier forecast of 4 per cent to 3.7 per cent, RBI Governor Sanjay Malhotra said on Friday.

    Taking all these factors into consideration, and assuming a normal monsoon, CPI inflation for the financial year 2025-26 is now projected at 3.7 per cent, with Q1 at 2.9 per cent, Q2 at 3.4 per cent, Q3 at 3.9 per cent, and Q4 at 4.4 per cent.

    He pointed out that inflation has softened significantly over the last six months from above the tolerance band in October 2024 to well below the target, with signs of a broad-based moderation. The near-term and medium-term outlook now gives us the confidence of not only a durable alignment of headline inflation with the target of 4 per cent, as exuded in the last meeting, but also the belief that during the year, it is likely to undershoot the target at the margin.

    While food inflation outlook remains soft, core inflation is expected to remain benign with easing of international commodity prices in line with the anticipated global growth slowdown, Malhotra explained.

    He pointed out that CPI headline inflation continued its declining trajectory in March-April, with headline CPI inflation moderating to a nearly six-year low of 3.2 per cent (y-o-y) in April 2025. This was led mainly by food inflation, which recorded the sixth consecutive monthly decline.

    Fuel group witnessed a reversal of deflationary conditions and recorded positive inflation prints during March and April, partly reflecting the hike in LPG prices. Core inflation remained largely steady and contained during March-April, despite the increase in gold prices exerting upward pressure, Malhotra said.

    The outlook for inflation points towards benign prices across major constituents. The record wheat production and higher production of key pulses in the Rabi crop season should ensure an adequate supply of key food items. Going forward, the likely above normal monsoon along with its early onset augurs well for Kharif crop prospects.

    Reflecting this, inflation expectations are showing a moderating trend, more so for the rural households. Most projections point towards continued moderation in the prices of key commodities, including crude oil, the RBI Governor said.

    However, at the same time, Malhotra had a word of caution. “Notwithstanding these favourable prognoses, we need to remain watchful of weather-related uncertainties and still evolving tariff-related concerns with their attendant impact on global commodity prices,” he added.

    (IANS)

  • Japan’s ispace loses communication with moon lander after touchdown attempt

    Source: Government of India

    Source: Government of India (4)

    Japanese company ispace said it has not been able to establish communication with its uncrewed moon lander following its lunar touchdown attempt on Friday, two years after its failed inaugural mission.

    Tokyo-based ispace has hoped to join U.S. firms Intuitive Machines and Firefly Aerospace, which have accomplished commercial landings amid an intensifying global race for the moon that includes state-run missions from China and India.

    Resilience, ispace’s second lunar lander, targeted Mare Frigoris, a basaltic plain about 900 km (560 miles) from the moon’s north pole.

    The company’s live-streamed flight data showed Resilience’s altitude suddenly falling to zero shortly before the planned touchdown time of 4:17 a.m. on Friday, Japanese time (1917 GMT on Thursday) following an hour-long descent from lunar orbit.

    “We haven’t been able to confirm” communication, and control centre members will “continuously attempt to communicate with the lander,” the company said in the broadcast. Footage from the control room showed nervous faces of ispace engineers.

    A room of more than 500 ispace employees, shareholders, sponsors and government officials abruptly grew silent during a public viewing event at mission partner Sumitomo Mitsui Banking Corp in the wee hours in Tokyo.

    The status of Resilience remains unclear, and ispace CEO Takeshi Hakamada will hold a press conference about the outcome of the mission at 9 a.m. (0000 GMT), the company said.

    In 2023, ispace’s first lander crashed into the moon’s surface due to inaccurate recognition of its altitude. Software remedies have been implemented, while the hardware design is mostly unchanged in Resilience, the company has said.

    Resilience carried a four-wheeled rover built by ispace’s Luxembourg subsidiary and five external payloads worth a total of $16 million, including scientific instruments from Japanese firms and a Taiwanese university.

    Following the landing, the 2.3-metre-high lander and the microwave-sized rover were scheduled to begin 14-day exploration activities until the arrival of a freezing-cold lunar night, including capturing images of regolith, the moon’s fine-grained surface material, on a contract with U.S. space agency NASA.

    Shares of ispace more than doubled earlier this year on growing investor hopes for the second mission, before calming in recent days. As of Thursday, ispace had a market capitalisation of more than 110 billion yen ($766 million).

    Resilience in January shared a SpaceX rocket launch with Firefly’s Blue Ghost lander, which took a faster trajectory to the moon and touched down successfully in March.

    Intuitive Machines, which last year marked the world’s first touchdown of a commercial lunar lander, made its second attempt in March but the lander Athena ended on its side on the lunar surface just as in the first mission.

    Japan last year became the world’s fifth country to achieve a soft lunar landing after the former Soviet Union, the U.S., China and India, when the national Japan Aerospace Exploration Agency achieved the touchdown of its SLIM lander, yet also in a toppled position.

    Despite President Donald Trump’s proposed changes to the U.S. space policy, Japan remains committed to the American-led Artemis moon program, pledging the involvement of Japanese astronauts and technologies for future lunar missions.

    Including one in 2027 as part of NASA’s Commercial Lunar Payload Services for the Artemis program, ispace plans seven more missions in the U.S. and Japan through 2029 to capture increasing demands for lunar transportation.

    (REUTERS)

  • PM Modi inaugurates Chenab Bridge, world’s highest rail arch bridge in J&K

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Friday inaugurated the Chenab Bridge, the world’s highest railway arch bridge, during his visit to Jammu and Kashmir to launch a slew of key infrastructure projects worth ₹46,000 crore.
     
    Soaring 359 metres above the Chenab River, the 1,315-metre-long steel arch bridge is built to withstand high seismic and wind loads. It will reduce travel time between Jammu and Srinagar by two to three hours.
     
    PM Modi also inaugurated the Anji Bridge, India’s first cable-stayed railway bridge, constructed in one of the most challenging terrains in the region. 
     
    Present at the inauguration were Union Railways Minister Ashwini Vaishnaw, Union Minister of State Jitendra Singh, Jammu and Kashmir Lieutenant Governor Manoj Sinha, and Chief Minister Omar Abdullah.
     
    Before the inauguration, PM Modi inspected the Chenab railway arch bridge and reviewed the project on-site. He also interacted with workers involved in the construction of the Udhampur-Srinagar-Baramulla Rail Link (USBRL), acknowledging their contribution to the ambitious infrastructure effort.
     
    As part of his J&K visit, PM Modi also flagged off Vande Bharat Express trains between Shri Mata Vaishno Devi Katra and Srinagar, improving connectivity for residents, tourists, and pilgrims.
     
    A major highlight of the visit is the dedication of the Udhampur-Srinagar-Baramulla Rail Link (USBRL) to the nation. Spanning 272 km and built at a cost of approximately ₹43,780 crore, the project includes 36 tunnels totaling 119 km and 943 bridges, ensuring all-weather rail connectivity to the Kashmir Valley.
     
    These initiatives aim to significantly boost road and rail connectivity across the Union Territory, with a focus on improving accessibility, promoting tourism, and generating employment.
     
    In a post on X on Thursday, PM Modi responded to J&K National Conference leader Omar Abdullah, stating: “In addition to being an extraordinary feat of architecture, the Chenab Rail Bridge will improve connectivity between Jammu and Srinagar. The Anji Bridge stands tall as India’s first cable-stayed rail bridge in a terrain that is challenging.”
     
    He added: “The Udhampur-Srinagar-Baramulla Rail Link (USBRL) project ensures all weather connectivity and the Vande Bharat trains from Shri Mata Vaishno Devi Katra to Srinagar will boost spiritual tourism and create livelihood opportunities.”
     
    In addition to the rail initiatives, PM Modi will also lay foundation stones and inaugurate multiple road infrastructure projects aimed at improving last-mile and border area connectivity. These include the widening of the Rafiabad-Kupwara stretch on NH-701 and the construction of the Shopian bypass on NH-444—projects worth over ₹1,952 crore.
     
    To ease urban congestion, the Prime Minister will inaugurate two new flyovers: one at Sangrama Junction on NH-1 and another at Bemina Junction on NH-44 in Srinagar.
     
    PM Modi will also lay the foundation stone for the Shri Mata Vaishno Devi Institute of Medical Excellence in Katra. The ₹350 crore facility will be the first medical college in Reasi district, aimed at strengthening medical infrastructure and services in the region.

  • India calls for global facility on DRR financing at Geneva meet

    Source: Government of India

    Source: Government of India (4)

    India urged the international community to adopt concrete, time-bound measures and establish a dedicated global facility to support Disaster Risk Reduction (DRR) financing, Principal Secretary to the Prime Minister Dr. P. K. Mishra said today at the Ministerial Roundtable on DRR Financing in Geneva. He praised the United Nations Office for Disaster Risk Reduction (UNDRR) and its partners for convening the discussion and acknowledged Brazil and South Africa for sustaining global dialogue through their G20 presidencies.
     
    Dr. Mishra told delegates that financing for disaster risk reduction bears directly on a country’s ability to protect development gains as climate and disaster threats grow. He noted that, in India’s early years, Finance Commission allocations for DRR amounted to only INR 60 million (approximately USD 0.7 million). Today, outlays under the 15th Finance Commission top INR 2.32 trillion (around USD 28 billion). “Over time, India has transformed DRR financing from a reactive measure into a planned, predictable framework,” he said, explaining that the Disaster Management Act of 2005 laid the groundwork for rule-based fund transfers from national authorities down to states and districts.
     
    According to Dr. Mishra, India’s approach rests on ensuring that budgets cover preparedness, mitigation, relief, and recovery in one integrated flow of funds. He emphasized that the needs of vulnerable communities remain at the forefront of allocation decisions. He added that, by making resources accessible at every level—central, state, and local—the government ensures timely assistance for all affected areas. “We have built accountability and transparency into every stage of expenditure, so outcomes can be measured and lessons learned applied,” he explained.
     
    Dr. Mishra stressed that while each country must design a financing system suited to its governance, fiscal context, and risk profile, guidance from global benchmarks is essential. He said: “Countries need to take ownership of DRR financing, while benefiting from technical support and experience sharing. At the same time, international cooperation can help mobilize resources that go beyond traditional public finance.”
     
    He proposed that risk-pooling arrangements, insurance schemes, and other innovative tools be developed in line with local fiscal capacity, noting that these instruments can complement public budgets without imposing unsustainable debt burdens. “It is not enough to wait for disasters and then allocate funds; we need a mix of financial instruments that can smooth the impact of shocks,” he argued.
     
    At the global level, Dr. Mishra observed that no dedicated international mechanism currently exists to help countries set up or strengthen DRR financing frameworks. He called for the creation of a global facility under the UN system and in partnership with multilateral development banks, one that would provide catalytic funding, technical assistance, and a platform for knowledge exchange. “Such a facility would help countries move from intent to action with clear, time-bound milestones,” he said.

  • RBI pegs India’s GDP growth at 6.5% for 2025-26

    Source: Government of India

    Source: Government of India (4)

    The Reserve Bank of India (RBI) has projected India’s Gross Domestic Product (GDP) growth at 6.5 per cent for 2025-26, with domestic economic activity showing resilience on the back of a strong agriculture sector, industry picking up, and the services sector expected to maintain momentum.

    The quarterly growth rates projected for the financial year are: Q1 at 6.5, Q2 at 6.7, Q3 at 6.6 and Q4 at 6.3 per cent.

    “The provisional estimates released by the National Statistical Office (NSO) placed India’s real GDP growth in 2024-25 at 6.5 per cent. During 2025-26 so far, domestic economic activity has exhibited resilience. The agriculture sector remains strong. With a very good harvest in both the kharif as well as rabi cropping seasons, the supply of major food crops is comfortable. The reservoir levels remain healthy. The highest procurement of wheat in the last four years provides a comforting stock position,” RBI Governor Sanjay Malhotra said on Friday.

    Industrial activity is gradually increasing, even though the pace of recovery is uneven. The services sector is expected to maintain momentum. Purchasing Managers’ Index (PMI) services stood strong at 58.8 in May 2025, indicating robust expansion in activity, he pointed out.

    The RBI Governor stated that on the demand side, private consumption, the mainstay of aggregate demand, remains healthy, with a gradual rise in discretionary spending. Rural demand remains steady, while urban demand is improving. Investment activity is reviving as reflected by high-frequency indicators.

    Merchandise exports recorded a strong growth in April 2025 after a lacklustre performance in the recent past. Non-oil, non-gold imports posted a double-digit growth, reflecting buoyant domestic demand conditions. Services exports continue on a strong growth trajectory, he explained.

    Malhotra further stated that going forward, the outlook for the agriculture sector and rural demand is expected to receive further impetus from the expected above-normal southwest monsoon rainfall. On the other hand, sustained buoyancy in services activity should nurture revival in urban consumption.

    The government’s continued thrust on capex, elevated capacity utilisation, improving business optimism, and easing financial conditions should help further revive investment activity, he observed.

    Trade policy uncertainty, however, continues to weigh on merchandise exports prospects, while the conclusion of a free trade agreement (FTA) with the United Kingdom and progress with other countries should provide a fillip to trade in goods and services, the RBI Governor pointed out.

    He also said that spillovers emanating from protracted geopolitical tensions, global trade and weather-related uncertainties pose downside risks to growth.

    (IANS)

  • US Supreme Court makes ‘reverse’ discrimination suits easier

    Source: Government of India

    Source: Government of India (4)

    The U.S. Supreme Court made it easier on Thursday for people from majority backgrounds such as white or straight individuals to pursue claims alleging workplace “reverse” discrimination, reviving an Ohio woman’s lawsuit claiming she was illegally denied a promotion and demoted because she is heterosexual.

    The justices, in a 9-0 ruling authored by liberal Justice Ketanji Brown Jackson, threw out a lower court’s decision rejecting a civil rights lawsuit by the plaintiff, Marlean Ames, against her employer, Ohio’s Department of Youth Services. Ames said she had a gay supervisor when she was passed over for a promotion in favor of a gay woman and demoted, with a pay cut, in favor of a gay man.

    Reverse discrimination lawsuits are increasing in the United States amid a backlash by conservatives and Republicans including President Donald Trump against initiatives in the public and private sectors to promote diversity, equity and inclusion in the workforce.

    The Ames case centered on how plaintiffs like her must try to prove a violation of Title VII of the Civil Rights Act of 1964, which prohibits discrimination based on race, religion, national origin and sex – including sexual orientation.

    Thursday’s ruling will affect how cases are handled by courts in certain parts of the country where plaintiffs from majority groups must provide more evidence than minority plaintiffs to make an initial – or “prima facie” – claim of discrimination under a 1973 Supreme Court ruling that governs the multi-step process employed to resolve such cases.

    These courts include the Cincinnati-based 6th U.S. Circuit Court of Appeals, which ruled against Ames. They require majority-group plaintiffs to show “background circumstances” indicating that a defendant accused of workplace bias is “that unusual employer who discriminates against the majority.”

    Jackson, writing for the Supreme Court, said that both the language of Title VII and the court’s precedents make clear that there can be no distinctions between majority-group and minority-group plaintiffs.

    “By establishing the same protections for every ‘individual’ – without regard to that individual’s membership in a minority or majority group – Congress left no room for courts to impose special requirements on majority-group plaintiffs alone,” Jackson wrote.

    Ames, 61, sued in 2020 seeking monetary damages. She argued that she was discriminated against in her department’s 2019 employment decisions because she is heterosexual in violation of Title VII and that she was more qualified than the two gay people given the job positions instead of her.

    “I was straight and pushed aside for them,” Ames told Reuters in February.

    “We are overjoyed that the court saw the case our way,” Edward Gilbert, an attorney for Ames, said after Thursday’s ruling.

    The 6th Circuit said Ames could not satisfy the “background circumstances” requirement by showing that a gay person made the employment decisions in favor of gay people. The two people who had authority in those personnel decisions, the 6th Circuit noted, were straight.

    Republican Ohio Attorney General Dave Yost’s office had defended the employment actions concerning Ames as part of a Department of Youth Services restructuring and said department leaders felt she lacked the vision and leadership skills needed for the newly created job for which she applied.

    Department spokesperson Dominic Binkley said Ohio agrees that litigants should not be held to differing standards, but emphasized that lower courts must now address Ohio’s remaining arguments in the case.

    “We look forward to fully pressing those arguments as the case moves forward because the Ohio Department of Youth Services did not engage in unlawful discrimination,” Binkley said.

    WORKPLACE DIVERSITY POLICIES

    On his first day back in office in January, Trump ordered the dismantling of diversity, equity and inclusion policies in federal agencies and encouraged private companies to follow suit. Conservative groups including America First Legal, which has filed numerous legal actions claiming anti-white and anti-male bias, had urged the Supreme Court to rule in favor of Ames.

    The NAACP Legal Defense & Educational Fund and other civil rights groups told the Supreme Court in a legal filing that Ames was asking the justices “to interpret Title VII in a way that ignores the realities of this country’s persisting legacy of discrimination in evaluating disparate-treatment claims.”

    These groups said the “background circumstances” inquiry lets courts account for the reality of historical and present-day discrimination “against certain minority groups like Black and/or LGBTQ people, and the virtual absence of widespread discrimination targeting certain majority groups like white people and straight people.”

    The Supreme Court heard arguments in the case on February 26.

    (Reuters)

     

  • MIL-OSI Banking: Result of Underwriting Auction conducted on June 06, 2025

    Source: Reserve Bank of India

    In the underwriting auction conducted on June 06, 2025, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

    Nomenclature of the Security Notified Amount
    (₹ crore)    		 Minimum Underwriting Commitment (MUC) Amount
    (₹ crore)    		 Additional Competitive Underwriting Amount Accepted
    (₹ crore)    		 Total Amount underwritten
    (₹ crore)    		 ACU Commission Cut-off rate
    (paise per ₹100)
    6.92% GS 2039 16,000 8,001 7,999 16,000 2.37
    6.90% GS 2065 16,000 8,001 7,999 16,000 3.90
    Auction for the sale of securities will be held on June 06, 2025.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/491

    MIL OSI Global Banks –

  • All-party delegation to convey India’s united and resolute stand against terrorism in Germany

    Source: Government of India

    Source: Government of India (4)

    An all-party Indian Parliamentary delegation led by BJP MP Ravi Shankar Prasad reached Berlin on Thursday to convey India’s united and resolute stand against terrorism.

    India’s Ambassador to Germany, Ajit Gupte, briefed the delegation on India-Germany relations, with a focus on the expanding strategic partnership and growing cooperation across various sectors.

    During their visit to Germany from June 5 to 7, the delegation will engage with senior dignitaries from the German Parliament (Bundestag) and the Federal Foreign Office, along with key representatives from leading think tanks and the Indian community in Germany.

    The visit is part of India’s ongoing diplomatic outreach under Operation Sindoor, underscoring its unwavering commitment to a zero-tolerance policy on terrorism.

    Apart from Prasad, the delegation includes BJP MPs Daggubati Purandeswari, Samik Bhattacharya, and Ghulam Ali Khatana; Shiv Sena (UBT) MP Priyanka Chaturvedi; AIADMK MP M. Thambidurai; Congress MP Amar Singh; former Union Minister M.J. Akbar; and former Ambassador Pankaj Saran.

    (With inputs from IANS)

  • Sensex welcomes RBI’s jumbo 50-bp rate cut, surges more than 500 points

    Source: Government of India

    Source: Government of India (4)

    The Indian benchmark indices surged on Friday after Reserve Bank of India Governor Sanjay Malhotra announced a jumbo 50-basis-point cut, from 6 per cent to 5.5 per cent, and a 100-basis-point reduction in the Cash Reserve Ratio (CRR) from 4 per cent to 3 per cent.

    The impact was immediate. At about 10:46 a.m., the Sensex was 505.70 points, or 0.62 per cent, higher at 81,947.74, while the Nifty gained 168.40 points, or 0.68 per cent, to reach 24,919.30.

    The Nifty Bank index advanced 682.95 points (1.22 per cent) to 56,443.80. The Nifty Midcap 100 climbed 363.20 points (0.62 per cent) to 58,666.20, and the Nifty Smallcap 100 added 48.25 points (0.26 per cent) to 18,480.85.

    Among Sensex constituents, Bajaj Finance, Axis Bank, Maruti Suzuki, Kotak Mahindra Bank and IndusInd Bank led the gains. Sun Pharma, Infosys, Nestlé India and HCL Tech were the principal laggards.

    “The change in monetary stance from accommodative to neutral also indicates that more rate cuts are unlikely unless the situation warrants. The credit growth that this rate cut will hopefully stimulate will compensate for the dip in margins,” said Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd.

    Madhavi Arora, Chief Economist, Emkay Global, said that the RBI appears to have front-loaded all policy actions, be it higher-than-expected rate cuts or infusing durable albeit staggered liquidity via lower CRRs.

    “All of that now implies that the ball is in the banks’ court to transmit easier financial conditions faster,” Arora mentioned.

    Earlier in the session, the domestic indices had opened flat ahead of the Monetary Policy Committee decision, with selective buying in IT and PSU banking shares. The India VIX fell 4.21 per cent to 15.08, signalling that the market is pricing in lower near-term volatility.

    (IANS)

  • Trump and Xi agree to more talks as trade disputes brew

    Source: Government of India

    Source: Government of India (4)

    U.S. President Donald Trump and Chinese leader Xi Jinping confronted weeks of brewing trade tensions and a battle over critical minerals in a rare leader-to-leader call on Thursday that left key issues to further talks.

    During the more than one-hour-long call, Xi told Trump to back down from trade measures that roiled the global economy and warned him against threatening steps on Taiwan, according to a Chinese government summary.

    But Trump said on social media that the talks focused primarily on trade led to “a very positive conclusion,” announcing further lower-level U.S.-China discussions, and that “there should no longer be any questions respecting the complexity of Rare Earth products.”

    He later told reporters: “We’re in very good shape with China and the trade deal.”

    The leaders also invited each other to visit their respective countries.

    The highly anticipated call came in the middle of a dispute between Washington and Beijing in recent weeks over “rare earths” minerals that threatened to tear up a fragile truce in the trade war between the two biggest economies. It was not clear from either countries’ statements that the issue had been resolved.

    A U.S. delegation led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer will meet with their Chinese counterparts “shortly at a location to be determined,” Trump said on social media.

    The countries struck a 90-day deal on May 12 to roll back some of the triple-digit, tit-for-tat tariffs they had placed on each other since Trump’s January inauguration.

    Though stocks rallied, the temporary deal did not address broader concerns that strain the bilateral relationship, from the illicit fentanyl trade to the status of democratically governed Taiwan and U.S. complaints about China’s state-dominated, export-driven economic model.

    Since returning to the White House in January, Trump has repeatedly threatened an array of punitive measures on trading partners, only to revoke some of them at the last minute. The on-again, off-again approach has baffled world leaders and spooked business executives.

    China’s decision in April to suspend exports of a wide range of critical minerals and magnets continues to disrupt supplies needed by automakers, computer chip manufacturers and military contractors around the world.

    Beijing sees mineral exports as a source of leverage – halting those exports could put domestic political pressure on the Republican U.S. president if economic growth sags because companies cannot make mineral-powered products.

    The 90-day deal to roll back tariffs and trade restrictions is tenuous. Trump has accused China of violating the agreement and has ordered curbs on chip-design software and other shipments to China. Beijing rejected the claim and threatened counter-measures.

    “The U.S. side should take a realistic view of the progress made and withdraw the negative measures imposed on China,” the Chinese government said in a statement summarizing Xi’s call with Trump published by the state-run Xinhua news agency. “Xi Jinping emphasized that the United States should handle the Taiwan issue prudently.”

    TOP RIVALS

    In recent years, the United States has identified China as its top geopolitical rival and the only country in the world able to challenge the U.S. economically and militarily.

    Despite this and repeated tariff announcements, Trump has spoken admiringly of Xi, including of the Chinese leader’s toughness and ability to stay in power without the term limits imposed on U.S. presidents.

    Trump has long pushed for a call or a meeting with Xi, but China has rejected that as not in keeping with its traditional approach of working out agreement details before the leaders talk.

    The U.S. president and his aides see leader-to-leader talks as vital to sort through log-jams that have vexed lower-level officials in difficult negotiations.

    Thursday’s call came at Trump’s request, China said.

    It’s not clear when the two men last spoke.

    Both sides said they spoke on Jan. 17, days before Trump’s inauguration and Trump has repeatedly said that he had spoken to Xi since taking office on Jan. 20. He has declined to say when any call took place or to give details of their conversation. China had said that the two leaders had not had any recent phone calls.

    The talks are being closely watched by investors worried that a chaotic trade war could disrupt supply chains in the key months before the Christmas holiday shopping season. Trump’s tariffs are the subject of ongoing litigation in U.S. courts.

    Trump has met Xi on several occasions, including exchange visits in 2017, but they have not met face to face since 2019 talks in Osaka, Japan.

    Xi last traveled to the U.S. in November 2023, for a summit with then-President Joe Biden, resulting in agreements to resume military-to-military communications and curb fentanyl production.

    (Reuters)

  • Trump administration imposes sanctions on four ICC judges in unprecedented move

    Source: Government of India

    Source: Government of India (4)

    President Donald Trump’s administration on Thursday imposed sanctions on four judges at the International Criminal Court, an unprecedented retaliation over the war tribunal’s issuance of an arrest warrant for Israeli Prime Minister Benjamin Netanyahu and a past decision to open a case into alleged war crimes by U.S. troops in Afghanistan.

    Washington designated Solomy Balungi Bossa of Uganda, Luz del Carmen Ibanez Carranza of Peru, Reine Adelaide Sophie Alapini Gansou of Benin and Beti Hohler of Slovenia, according to a statement from U.S. Secretary of State Marco Rubio.

    “As ICC judges, these four individuals have actively engaged in the ICC’s illegitimate and baseless actions targeting America or our close ally, Israel. The ICC is politicized and falsely claims unfettered discretion to investigate, charge, and prosecute nationals of the United States and our allies,” Rubio said.

    The ICC slammed the move, saying it was an attempt to undermine the independence of an international judicial institution that provides hope and justice to millions of victims of “unimaginable atrocities.”

    Both judges Bossa and Ibanez Carranza have been on the ICC bench since 2018. In 2020 they were involved in an appeals chamber decision that allowed the ICC prosecutor to open a formal investigation into alleged war crimes by American troops in Afghanistan.

    Since 2021, the court had deprioritized the investigation into American troops in Afghanistan and focused on alleged crimes committed by the Afghan government and the Taliban forces.

    ICC judges also issued arrest warrants for Netanyahu, former Israeli defense chief Yoav Gallant and Hamas leader Ibrahim Al-Masri last November for alleged war crimes and crimes against humanity during the Gaza conflict. Alapini Gansou and Hohler ruled to authorize the arrest warrant against Netanyahu and Gallant, Rubio said.

    The move deepens the administration’s animosity toward the court. During the first Trump administration in 2020, Washington imposed sanctions on then-prosecutor Fatou Bensouda and one of her top aides over the court’s work on Afghanistan.

    The measures also follow a January vote at the U.S. House of Representatives to punish the ICC in protest over its Netanyahu arrest warrant. The move underscored strong support among Trump’s fellow Republicans for Israel’s government.

    DIFFICULT TIME FOR ICC

    The measures triggered uproar among human-rights advocates. Liz Evenson, international justice director at Human Rights Watch, said the punitive measures were a “flagrant attack on the rule of law at the same time as President Trump is working to undercut it at home.”

    Sanctions severely hamper individuals’ abilities to carry out even routine financial transactions as any banks with ties to the United States, or that conduct transactions in dollars, are expected to have to comply with the restrictions.

    But the Treasury Department also issued general licenses, including one allowing the wind-down of any existing transactions involving those targeted on Thursday until July 8, as long as any payment to them is made to a blocked, interest-bearing account located in the U.S.

    The new sanctions come at a difficult time for the ICC, which is already reeling from earlier U.S. sanctions against its chief prosecutor, Karim Khan, who last month stepped aside temporarily amid a United Nations investigation into his alleged sexual misconduct.

    The ICC, which was established in 2002, has international jurisdiction to prosecute genocide, crimes against humanity and war crimes in member states or if a situation is referred by the U.N. Security Council. The United States, China, Russia and Israel are not members.

    It has high-profile war crimes investigations under way into the Israel-Hamas conflict and Russia’s war in Ukraine as well as in Sudan, Myanmar, the Philippines, Venezuela and Afghanistan.

    The ICC has issued arrest warrants for President Vladimir Putin on suspicion of deporting children from Ukraine, and for Netanyahu for alleged war crimes in Gaza. Neither country is a member of the court and both deny the accusations and reject ICC jurisdiction.

    (Reuters)

  • Indian delegation to convey India’s united and resolute stand against terrorism in Germany

    Source: Government of India

    Source: Government of India (4)

    An all-party Indian Parliamentary delegation led by BJP MP Ravi Shankar Prasad reached Berlin on Thursday to convey India’s united and resolute stand against terrorism.

    India’s Ambassador to Germany, Ajit Gupte, briefed the delegation on India-Germany relations, with a focus on the expanding strategic partnership and growing cooperation across various sectors.

    During their visit to Germany from June 5 to 7, the delegation will engage with senior dignitaries from the German Parliament (Bundestag) and the Federal Foreign Office, along with key representatives from leading think tanks and the Indian community in Germany.

    The visit is part of India’s ongoing diplomatic outreach under Operation Sindoor, underscoring its unwavering commitment to a zero-tolerance policy on terrorism.

    Apart from Prasad, the delegation includes BJP MPs Daggubati Purandeswari, Samik Bhattacharya, and Ghulam Ali Khatana; Shiv Sena (UBT) MP Priyanka Chaturvedi; AIADMK MP M. Thambidurai; Congress MP Amar Singh; former Union Minister M.J. Akbar; and former Ambassador Pankaj Saran.

    (With inputs from IANS)

  • Thai military prepared for ‘high-level operation’ if Cambodia border row escalates

    Source: Government of India

    Source: Government of India (4)

    Thailand’s military said it is ready to launch a “high-level operation” to counter any violation of its sovereignty, in the strongest words yet in a simmering border dispute with Cambodia that re-erupted with a deadly clash last week.

    The army said in a statement late on Thursday that its intelligence gathering indicated Cambodia had increased military readiness at the border while diplomatic efforts were ongoing, describing that as “worrisome”.

    Thai Prime Minister Paetongtarn Shinawatra held a meeting of the National Security Council on Friday and said that while the military was ready to defend Thai sovereignty, it understood the situation and when an escalation would be required.

    “The military has confirmed readiness for any scenario,” she said. “But any clash will cause damage, so we will pursue peaceful means.”

    “The government and military are working together, supporting each other,” Paetongtarn added.

    The two governments had for days exchanged carefully worded statements committing to dialogue after a brief skirmish in an undemarcated border area on May 28 in which a Cambodian soldier was killed.

    Ahead of Friday’s meeting, the army had said it was “now ready for a high-level military operation in case it is necessary to retaliate”.

    “Operations of units at the border have been conducted carefully, calmly and based on an understanding of the situation to prevent losses on all sides, but at the same time, are ready to defend the country’s sovereignty to the fullest extent if the situation is called for.”

    Cambodia’s government did not immediately respond to a request for comment on the Thai military statement on Friday.

    HISTORIC RIVALRY

    Although the two neighbours have a historic rivalry, their governments enjoy friendly ties, partly due to the close relationship between their influential former leaders, Thailand’s Thaksin Shinawatra and Cambodia’s Hun Sen, whose daughter and son respectively are now the prime ministers in their countries.

    The issue comes at a tricky time for the Pheu Thai Party-led administration in Thailand as it battles to revive a flagging economy that could be hit by steep U.S. tariffs, while facing a challenge to its popularity having paused a signature cash handout to tens of millions of people.

    The party of the billionaire Shinawatra family has a troubled history with the Thai military, which twice toppled its governments in 2006 and 2014 coups.

    After Friday’s security meeting, Thai armed forces chief Songwit Noonpackdee said the military supported the government’s approach to settling the dispute peacefully.

    Defence Minister Phumtham Wechayachai said that in a meeting on Thursday with his Cambodian counterpart, Thia Saya, they discussed avoiding violence and proceeding with caution. He said he proposed that both sides retreat to positions previously agreed in 2024.

    Deadly clashes between Cambodia and Thailand last erupted in 2011 over the Preah Vihear, a 900-year-old temple at the heart of a decades-long row that has stirred nationalist sentiment on both sides. The International Court of Justice in 2013 ruled in favour of Cambodia in clarifying a 1962 decision to award it jurisdiction over the temple.

    Cambodia said this week it would refer disputes over four parts of the border to the ICJ and has asked Thailand to cooperate. Thailand says it does not recognise the court’s jurisdiction.

    (Reuters) 

  • India welcomes African Union to CDRI, reaffirms support for WHO initiatives

    Source: Government of India

    Source: Government of India (4)

    India has reiterated its steadfast commitment to global disaster risk reduction and public health cooperation at the Global Platform for Disaster Risk Reduction (GPDRR) 2025, currently underway in Geneva.
     
    On the occasion of World Environment Day, Principal Secretary to the Prime Minister, Dr. P. K. Mishra, represented India at the G20 Disaster Risk Reduction (DRR) Working Group Roundtable held on the sidelines of the GPDRR. Addressing the forum, Dr. Mishra underlined the G20’s critical role in fostering collective resilience and integrating economic capacities with development goals to address global disaster challenges.
     
    “Disaster risk reduction must be at the core of our global development strategy. The G20, with its economic and policy influence, can play a transformational role in promoting resilience through international cooperation,” Dr. Mishra said during the roundtable discussion.
     
    In the presence of AU Commissioner Mr. Moses Vilakati and a co-chair representative from France. The development marks another chapter in strengthening Global South collaboration, following the AU’s historic inclusion as a permanent member of the G20 during India’s presidency in 2023.
     
    “India strongly believes in expanding global partnerships to secure a resilient and sustainable future. The AU joining the CDRI reinforces our shared vision of infrastructure that is safe, inclusive and future-ready,” Dr. Mishra said.
     
    On the sidelines of GPDRR, Dr. Mishra also held a bilateral meeting with Dr. Tedros Adhanom Ghebreyesus, Director-General of the World Health Organization (WHO). The two leaders discussed India’s expanding engagement with WHO on global public health and traditional medicine.
     
    Dr. Mishra conveyed India’s full support for the Second WHO Global Traditional Medicine Summit, scheduled to be held in New Delhi in December 2025.
     
    “India is committed to advancing traditional medicine as a vital pillar of public health. We look forward to welcoming global leaders and practitioners at the Traditional Medicine Summit later this year,” he added.
     
    He also reaffirmed India’s support for the WHO Global Centre for Traditional Medicine located in Jamnagar, Gujarat, which continues to play a key role in integrating traditional practices with modern healthcare systems.

  • Uzbekistan savour sweet taste of success after sealing World Cup spot

    Source: Government of India

    Source: Government of India (4)

    Uzbekistan coach Timur Kapadze lauded the efforts of his players after the Central Asian country qualified for the World Cup for the first time.

    The White Wolves claimed their spot at the expanded 48-team 2026 finals on Thursday with a 0-0 draw in the United Arab Emirates, which guaranteed Kapadze’s side a top-two finish in Group A, alongside already-qualified Iran.

    Uzbekistan have tried and failed to qualify seven times since their independence after the break-up of the Soviet Union in 1991, suffering heartbreak in the final stage of continental qualifiers for Germany 2006 and Brazil 2014.

    A genuine force in Asia since their 1994 Asian Games triumph, the Uzbekistan FA has invested heavily in youth development in the attempt to take the final step onto the world stage.

    Kapadze has reaped the dividends with a young generation of players, including Manchester City’s 21-year-old centre back Abdukodir Khusanov at his disposal.

    “We have achieved an important result after a long and difficult journey. A lot of work was done for this result, I sincerely congratulate our people,” Kapadze told Uzbekistan’s online publication Zamin.

    “This is not only our victory, but the victory of our entire people. Our players showed determination in every match, worked with all their might, and we achieved the result … “

    Kapadze, who played 119 times for Uzbekistan and led the under-23 team at last year’s Olympic Games, was appointed coach after Srecko Katanec left because of illness in January.

    “Before the game, (everyone) expressed their confidence in our team’s victory and expected a good result from us,” he said.

    “This confidence also became a great responsibility and pressure for us. But we managed to overcome this pressure and complete the task.”

    Kapadze was mobbed by his players in his post-match press conference and received a congratulatory telephone call from Uzbekistan President Shavkat Mirziyoyev.

    “In a fierce competition against the strongest teams in Asia, you demonstrated true character, unbreakable will, and professionalism,” Mirziyoyev said.

    -Reuters

  • Trump ban on entry of international Harvard students blocked by US judge

    Source: Government of India

    Source: Government of India (4)

    A federal judge in Boston on Thursday temporarily blocked U.S. President Donald Trump from barring U.S. entry of foreign nationals seeking to study or participate in exchange programs at Harvard University.

    Under a two-page temporary restraining order granted to Harvard, U.S. District Judge Allison Burroughs enjoined Trump’s proclamation from taking effect pending further litigation of the matter amid an escalating dispute between the Ivy League school and Republican president.

    The judge ruled that Trump’s directive prohibiting foreign nationals from entering the United States to study at Harvard for the next six months would cause “immediate and irreparable injury” before the courts have a chance to review the case.

    Burroughs last month had blocked Trump from implementing a separate order prohibiting Harvard from enrolling international students, who make up more than a quarter of its student body. Harvard on Thursday amended its lawsuit to challenge the new directive, claiming Trump is violating Burroughs’ decision.

    “The Proclamation denies thousands of Harvard’s students the right to come to this country to pursue their education and follow their dreams, and it denies Harvard the right to teach them. Without its international students, Harvard is not Harvard,” the school said in the filing.

    Burroughs’ order on Thursday also continued a separate temporary restraining order she issued on May 23 against the administration’s restriction on international student enrollment at Harvard.

    Earlier on Thursday, White House spokesperson Abigail Jackson called Harvard “a hotbed of anti-American, anti-Semitic, pro-terrorist agitators,” claims that the school has previously denied.

    “Harvard’s behavior has jeopardized the integrity of the entire U.S. student and exchange visitor visa system and risks compromising national security. Now it must face the consequences of its actions,” Jackson said in a statement.

    Trump cited national security concerns as justification for barring international students from entering the U.S. to pursue studies at the Cambridge, Massachusetts-based university.

    Under Trump’s proclamation, the suspension would initially be for six months but could be extended. Trump’s order also directed the U.S. State Department to consider revoking academic or exchange visas of any current Harvard students who meet his proclamation’s criteria.

    In Thursday’s court filing, Harvard said Trump had violated federal law by failing to back up his claims about national security.

    “The Proclamation does not deem the entry of an alien or class of aliens to be detrimental to the interests of the United States, because noncitizens who are impacted by the Proclamation can enter the United States — just so long as they go somewhere other than Harvard,” the school said.

    The Trump administration has launched a multifront attack on the nation’s oldest and wealthiest university, freezing billions of dollars in grants and other funding and proposing to end its tax-exempt status, prompting a series of legal challenges.

    Harvard argues the administration is retaliating against it for refusing to accede to demands to control the school’s governance, curriculum and the ideology of its faculty and students.

    The university sued after Homeland Security Secretary Kristi Noem announced on May 22 that her department was immediately revoking Harvard’s Student and Exchange Visitor Program certification, which allows it to enroll foreign students.

    Noem’s action was temporarily blocked almost immediately by Burroughs. On the eve of a hearing before her last week, the department changed course and said it would instead challenge Harvard’s certification through a lengthier administrative process.

    Nonetheless, Burroughs said she planned to issue a longer-term preliminary injunction at Harvard’s urging, saying one was necessary to give some protection to Harvard’s international students.

    Wednesday’s two-page directive from Trump said Harvard had “demonstrated a history of concerning foreign ties and radicalism,” and had “extensive entanglements with foreign adversaries,” including China.

    It said Harvard had seen a “drastic rise in crime in recent years while failing to discipline at least some categories of conduct violations on campus,” and had failed to provide sufficient information to the Homeland Security Department about foreign students’ “known illegal or dangerous activities.”

    The school in Thursday’s court filing said those claims were unsubstantiated.

    (Reuters)

  • JP Nadda chairs high-level meeting to review availability, distribution of fertilisers in Kharif season

    Source: Government of India

    Source: Government of India (4)

    Union Minister for Chemicals and Fertilizers, JP Nadda, chaired a high-level meeting on Thursday to review the availability and distribution of fertilizers during the ongoing Kharif season. The meeting, held with officials from the Department of Fertilizers, focused on ensuring timely supply and promoting sustainable agricultural practices.

    During the meeting, Nadda highlighted the vital role of agriculture in ensuring national food security and stressed the importance of making essential nutrients available to support crop productivity. He was briefed on the current status of fertilizer supply and preparations for Kharif 2025. Officials informed that domestic fertilizer production is being maintained at an optimum level, with diammonium phosphate (DAP) production reaching 3.84 lakh metric tonnes—the highest in recent months.

    To bridge the gap between demand and domestic supply, Indian fertilizer companies have secured agreements with key exporters, including Saudi Arabia, Morocco, and Russia. These tie-ups aim to ensure consistent imports throughout the year. Nadda instructed officials to ensure fertilizers are promptly distributed across all states to meet farmers’ requirements. He also emphasised the need for close coordination with state governments, fertilizer companies, Indian Railways, and port authorities to streamline the supply chain.

    Expressing concern over the increasing reliance on chemical fertilizers, especially urea, the minister called for a renewed focus on sustainable agriculture. He directed officials to intensify the implementation of PM-PRANAM (PM Programme for Restoration, Awareness Generation, Nourishment, and Amelioration of Mother-Earth). The initiative promotes balanced fertilizer use, adoption of alternatives, and encourages organic and natural farming. States demonstrating a reduction in chemical fertilizer use will be eligible for incentives under the scheme.

    Nadda also underlined the need for strict action to curb the illegal diversion, hoarding, and black marketing of fertilizers. He called for coordinated efforts with state governments to prevent such practices and ensure fertilizers reach the intended beneficiaries.

    The meeting was attended by Rajat Kumar Mishra, Secretary, Department of Fertilizers, along with senior officials including Anita Meshram and Aparna S. Sharma, Additional Secretaries, and Abhay Sharma, Director (Movement).

  • India’s youth are powering global change, says PM Modi as NDA completes 11 years

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Friday lauded the remarkable global achievements of India’s youth, describing them as symbols of “dynamism, innovation and determination.” He said the nation’s progress over the past 11 years has been driven by the “unmatched energy and conviction” of Yuva Shakti.
     
    In a post on X, the Prime Minister said, “India’s youth have made a mark globally. Our Yuva Shakti is associated with dynamism, innovation and determination. Our youth have driven India’s growth with unmatched energy and conviction.”
     
    Referring to notable contributions in diverse fields, Prime Minister Modi highlighted that young Indians have excelled across sectors such as startups, science, sports, community service, and culture. “In the last 11 years, we have witnessed remarkable instances of youngsters who have done the unthinkable,” he said.
     
    The Prime Minister also underlined the transformative role of policy changes and government programmes introduced since 2014 that focus on youth empowerment. “The last 11 years have also seen a decisive shift in policy and programmes aimed at youth empowerment,” he added.
     
    He cited flagship initiatives such as StartUp India, Skill India, Digital India and the National Education Policy 2020, and said these reforms are rooted in the firm belief that “empowering youth is the most powerful thing a nation can do.”
     
    Addressing the importance of youth in the journey towards a developed India, Prime Minister Modi said, “With the new education policy and focus on skill development and start-ups, the youth have become important partners in the resolution of ‘Viksit Bharat’.”
     
    He further added, “The government has made continuous efforts to empower the youth. I’m confident that our youth will keep strengthening the efforts to build a Viksit Bharat.”
     
    The Prime Minister reaffirmed the Centre’s commitment to providing young citizens with every possible opportunity to realise their potential. “The government will always give Yuva Shakti all possible opportunities to shine,” he said.

  • RBI cuts repo rate by 50 basis points to 5.5%, shifts policy stance to neutral

    Source: Government of India

    Source: Government of India (4)

    The Reserve Bank of India (RBI) on Friday announced a sharp 50 basis points cut in the repo rate, bringing it down from 6 per cent to 5.5 per cent. Announcing the decision, RBI Governor Sanjay Malhotra said the central bank was responding to the sharp moderation in inflation, which has now fallen to 3.2 per cent — below the RBI’s lower tolerance band of 4 per cent.
     
    In a further liquidity-boosting measure, the RBI also announced a 100 basis points cut in the Cash Reserve Ratio (CRR), to be implemented in four tranches of 25 basis points each on September 6, October 4, November 1, and November 29. This move is expected to infuse approximately ₹2.5 lakh crore into the banking system.
     
    “The repo rate has now been reduced by a cumulative 100 basis points since February. Given this, we are shifting the monetary policy stance from accommodative to neutral to closely monitor the evolving growth-inflation dynamics,” Governor Malhotra stated.
     
    The repo rate — the rate at which the RBI lends to commercial banks — acts as a key benchmark for interest rates in the economy. A cut in the repo rate typically leads to a reduction in lending rates for borrowers, thereby encouraging both consumption and investment.
     
    However, the Governor stressed that the success of the rate cut would depend on timely and effective transmission by commercial banks to consumers.
     
    RBI’s inflation outlook has been revised downward from 4 per cent to 3.7 per cent. The Governor said the moderation in inflation is broad-based, and the alignment with the RBI’s target band appears durable. He also noted that food inflation is likely to soften further on the back of a strong rabi harvest and record wheat and pulses production.
     
    “There has been a considerable improvement in supply-side conditions. The second advance estimates point to a record wheat crop and robust kharif arrivals, which will help contain food prices,” he added.
     
    Governor Malhotra highlighted that the Indian economy remains on a strong footing. Corporate, bank, and government balance sheets are healthy, and the external sector is stable. He said India continues to be the fastest-growing major economy and offers attractive opportunities for both domestic and international investors.
     
    “India’s economic resilience is underpinned by strong fundamentals — demography, digitalisation, and domestic demand,” he said.
     
    Falling crude oil prices have also contributed to the positive inflation outlook, while anchoring inflation expectations going forward.

  • Operation Sindoor outreach: Indian delegation calls on US Vice President in Washington

    Source: Government of India

    Source: Government of India (4)

    An all-party Indian Parliamentary Delegation, led by Congress MP Shashi Tharoor, on Thursday had an “excellent meeting” with the United States Vice President J.D. Vance in Washington, briefing him about Operation Sindoor, terrorism faced by India and regional security.

    The delegation is on a 2-day visit to the United States as part of India’s global outreach against terrorism following Operation Sindoor.

    The Indian Embassy in the United States said, “The All Party Parliamentary Delegation led by Shashi Tharoor called on Vice President J D Vance this morning. The conversation focused on strengthening the India-US partnership including cooperation in counter-terrorism domain.”

    Vance was on India visit when the Pahalgam terror attack took place on April 22.

    In a strong message of support and solidarity, the US Vice-President had also called Prime Minister Narendra Modi to strongly condemn the terror attack and convey that the United States is ready to provide “all assistance” in the joint fight against terrorism.

    After meeting Vance, Tharoor shared on X, “Excellent meeting with Vice President J D Vance today in Washington D.C. with our delegation. We had comprehensive discussions covering a wide array of critical issues, from counter-terrorism efforts to enhancing technological cooperation. A truly constructive and productive exchange for strengthening India-US strategic partnership, with a great meeting of minds.”

    Earlier on Thursday, Tharoor spoke with Ambassador Ken Juster at Council on Foreign Relations on India’s fight against terrorism.

    The delegation also met Senator Andy Kim, Member of the US Senate Homeland Security Committee.

    “The Indian parliamentary delegation led by Shashi Tharoor had a wonderful conversation with Senator Andy Kim, Member of the US Senate Homeland Security Committee, and briefed him on the heinous terrorist attack in Pahalgam, India’s measured and precise response during Operation Sindoor, and our firm resolve to respond swiftly to any such incidents in the future. The conversation also spanned productive areas of cooperation, including entrepreneurship, trade, technology, and counterterrorism!,” said the Indian embassy.

    Later, the delegation interacted with members of various think tanks at the Indian Embassy. The conversation focused on India’s fight against terrorism and the multi-faceted India-US partnership.

    Tharoor said that the delegation has received solidarity and understanding at everywhere they went.

    He reiterated India’s stance that “there will be a price to pay” if terrorist attacks like the one in Pahalgam are carried out in India.

    He said, “And I’m very pleased to say that everywhere we went and I could say this quite confidently without exception, we have received both of what we sought. We have received understanding and we have received solidarity. And these two things are really what we came for. We will continue to meet others during the remaining time today and tomorrow. I want to stress one thing, and then I’ll be very happy to open it up for discussions, and that thing is quite simply that this is not something we would really have wanted to spend our time on.”

    “We are a country focused on growth and development. Our focus has entirely been on the economic advances that are so essential to pull a few the few people who remain below the poverty line in our country out below that and to take the rest into the developed India of our dreams. But, sadly, when this kind of thing is done to us, and for very cynical motives, which I think are pretty apparent so I won’t spell them out, it was necessary for us to show that we will not allow people to cross the border and kill our citizens with impunity. That for terror strikes like this, which show all the hallmarks of meticulous planning and military style execution, that there will be a price to pay. And that was very strongly the message that we sent,” he added.

    Apart from Tharoor, the delegation includes Lok Janshakti Party-Ram Vilas MP Shambhavi Choudhary, Jharkhand Mukti Morcha’s Sarfaraz Ahmad, Shiv Sena’s Milind Murli Deora; BJP’s Shashank Mani Tripathi, Bhubaneswar Kalita, and Tejasvi Surya; and Telugu Desam Party’s GM Harish Balayogi. Former Indian Ambassador to the US, Taranjit Singh Sandhu, is also accompanying the delegation.

    (With inputs from IANS)

     

  • Musk-Trump breakup puts $22 billion of SpaceX contracts at risk, jolting US space program

    Source: Government of India

    Source: Government of India (4)

    About $22 billion of SpaceX’s government contracts are at risk and multiple U.S. space programs could face dramatic changes in the fallout from Elon Musk and President Donald Trump’s explosive feud on Thursday.

    The disagreement, rooted in Musk’s criticism of Trump’s tax-cut and spending legislation that began last week, quickly spiraled out of control. Trump lashed out at Musk when the president spoke in the Oval Office. Then in a series of X posts, Musk launched barbs at Trump, who threatened to terminate government contracts with Musk’s companies.

    Taking the threat seriously, Musk said he would begin “decommissioning” SpaceX’s Dragon spacecraft used by NASA.

    Hours later, however, Musk appeared to reverse course. Responding to a follower on X urging him and Trump to “cool off and take a step back for a couple of days,” Musk wrote: “Good advice. Ok, we won’t decommission Dragon.”

    Still, Musk’s mere threat to abruptly pull its Dragon spacecraft out of service marked an unprecedented outburst from one of NASA’s leading commercial partners.

    Under a roughly $5 billion contract, the Dragon capsule has been the agency’s only U.S. vessel capable of carrying astronauts to and from the International Space Station, making Musk’s company a critical element of the U.S. space program.

    The feud raised questions about how far Trump, an often unpredictable force who has intervened in past procurement efforts, would go to punish Musk, who until last week headed Trump’s initiative to downsize the federal government.

    If the president prioritized political retaliation and canceled billions of dollars of SpaceX contracts with NASA and the Pentagon, it could slow U.S. space progress.

    NASA press secretary Bethany Stevens declined to comment on SpaceX, but said: “We will continue to work with our industry partners to ensure the president’s objectives in space are met.”

    Musk and Trump’s tussle ruptured an extraordinary relationship between a U.S. president and industry titan that had yielded some key favors for SpaceX: a proposed overhaul of NASA’s moon program into a Mars program, a planned effort to build a gigantic missile defense shield in space, and the naming of an Air Force leader who favored SpaceX in a contract award.

    Taking Dragon out of service would likely disrupt the ISS program, which involves dozens of countries under a two-decade-old international agreement. But it was unclear how quickly such a decommissioning would occur. NASA uses Russia’s Soyuz spacecraft as a secondary ride for its astronauts to the ISS.

    SPACEX’S RISE

    SpaceX rose to dominance long before Musk’s foray into Republican politics last year, building formidable market share in the rocket launch and satellite communications industries that could shield it somewhat from Musk’s split with Trump, analysts said.

    “It fortunately wouldn’t be catastrophic, since SpaceX has developed itself into a global powerhouse that dominates most of the space industry, but there’s no question that it would result in significant lost revenue and missed contract opportunities,” said Justus Parmar, CEO of SpaceX investor Fortuna Investments.

    Under Trump in recent months, the U.S. space industry and NASA’s workforce of 18,000 have been whipsawed by looming layoffs and proposed budget cuts that would cancel dozens of science programs, while the U.S. space agency remains without a confirmed administrator.

    Trump’s nominee for NASA administrator, Musk ally and billionaire private astronaut Jared Isaacman, appeared to be an early casualty of Musk’s rift with the president when the White House abruptly removed him from consideration over the weekend, denying Musk his pick to lead the space agency.

    Trump on Thursday explained dumping Isaacman by saying he was “totally Democrat,” in an apparent reference to reports Isaacman had donated to Democrats. Isaacman has donated to some Republican but mostly Democratic candidates for office, according to public records.

    Musk’s quest to send humans to Mars has been a critical element of Trump’s space agenda. The effort has threatened to take resources away from NASA’s flagship effort to send humans back to the moon.

    Trump’s budget plan sought to cancel Artemis moon missions beyond its third mission, effectively ending the over-budget Space Launch System rocket used for those missions.

    But the Senate Commerce Committee version of Trump’s bill released late on Thursday would restore funding for missions four and five, providing at least $1 billion annually for SLS through 2029.

    Since SpaceX’s rockets are a less expensive alternative to SLS, whether the Trump administration opposes the Senate’s changes in the coming weeks will give an indication of Musk’s remaining political power.

    SpaceX, founded in 2002, has won $15 billion of contracts from NASA for the company’s Falcon 9 rockets and development of SpaceX’s Starship, a multipurpose rocket system tapped to land NASA astronauts on the moon this decade.

    The company has also been awarded billions of dollars to launch a majority of the Pentagon’s national security satellites into space while it builds a massive spy satellite constellation in orbit for a U.S. intelligence agency.

    In addition to not being in U.S. interests, former NASA Deputy Administrator Lori Garver said canceling SpaceX’s contracts would probably not be legal.

    But she also added, “A rogue CEO threatening to decommission spacecraft, putting astronauts’ lives at risk, is untenable.”

    (Reuters) 

  • India, England to now play for the Tendulkar-Anderson trophy

    Source: Government of India

    Source: Government of India (4)

    The India-England Test series will now be known as the Tendulkar-Anderson Trophy, rechristened in honour of two legends of the game, Sachin Tendulkar and James Anderson.

    The new identity was jointly announced on Thursday by the England and Wales Cricket Board (ECB) and the Board of Control for Cricket in India (BCCI). According to a report by ESPNcricinfo, the trophy will be officially unveiled by Tendulkar and Anderson on the first day of the World Test Championship (WTC) final between Australia and South Africa, on June 11 at Lord’s.

    Notably, India and England are set to begin the new WTC cycle with a five-Test series starting 20 June at Headingley, Leeds.

    Anderson, the most successful fast bowler in Test cricket with 188 appearances, retired in July 2024. Over a career spanning more than two decades, the English seamer took over 700 Test wickets and became the first fast bowler in history to reach that milestone. Known for his relentless accuracy, late swing, and ability to adapt across conditions, Anderson was a mainstay of England’s attack and remains one of the most respected figures in the game.

    Tendulkar, widely regarded as one of the greatest batters in cricket history, retired in 2013 after becoming the first — and so far only — player to feature in 200 Test matches. He scored 15,921 runs in the format, including 51 centuries, and carried the weight of a cricket-obsessed nation for much of his 24-year international career. His technique, temperament, and unmatched consistency made him a global icon and a symbol of Indian cricket’s golden generation.

    Previously, the India-England series was played for different trophies depending on the host country. In England, it was the Pataudi Trophy, named after former India captain Mansur Ali Khan Pataudi. In India, it was the Anthony de Mello Trophy, named after one of the early architects of Indian cricket administration.

    The Tendulkar-Anderson Trophy replaces both to establish a uniform identity across series, while celebrating the legacy of two modern greats who defined the era they played in.

  • Sensex, Nifty open flat ahead of RBI’s monetary policy decision

    Source: Government of India

    Source: Government of India (4)

    Domestic equity markets opened on a cautious note Friday, with benchmark indices trading flat ahead of the Reserve Bank of India’s monetary policy announcement. Investor sentiment remained subdued, even as select buying was observed in IT and PSU bank stocks during early trade.

    At around 9:23 a.m., the BSE Sensex was down by 82.43 points, or 0.10 per cent, at 81,359.61. The NSE Nifty slipped 7.70 points, or 0.03 per cent, to 24,743.20.

    The Nifty Bank index was marginally higher by 4.85 points at 55,765.70. The Nifty Midcap 100 gained 146.25 points, or 0.25 per cent, to trade at 58,449.25, while the Nifty Smallcap 100 rose 65.50 points, or 0.36 per cent, to 18,498.10.

    Markets are closely watching the RBI’s Monetary Policy Committee (MPC) announcement, where a 25 basis points rate cut is widely expected and already priced in by investors.

    Analysts suggest that the central bank’s commentary on growth and inflation outlook for FY26 will be a more decisive factor for market movement.

    “If the inflation forecast is revised downward from 4 per cent, it could trigger a positive response in the markets,” said Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    On technical levels, analysts believe Nifty has immediate support at 24,500, followed by 24,400 and 24,300. Resistance levels are seen at 24,850, 24,900, and the key psychological mark of 25,000.

    “A breach below 24,500 could trigger further selling pressure, while a breakout above 25,000 may open the door to fresh all-time highs,” said Mandar Bhojane, Equity Research Analyst at Choice Broking.

    Meanwhile, the India VIX, which indicates market volatility, declined by 4.21 per cent to 15.08, suggesting reduced short-term volatility expectations. However, with the RBI policy decision due, analysts urge caution as market volatility may increase depending on the central bank’s guidance.

    In the Sensex basket, top gainers included Bajaj Finserv, Tata Steel, IndusInd Bank, ITC, NTPC, Titan, and Eternal. On the other hand, Tata Motors, Bajaj Finance, ICICI Bank, HDFC Bank, and SBI were among the top laggards.

    Across Asian markets, indices in Hong Kong, China, and Bangkok were trading in the red, while Japan was the only major market in positive territory.

    In the U.S. markets, the Dow Jones Industrial Average closed 108 points lower at 42,319.74 in the previous session. The S&P 500 dropped 31.51 points to 5,939.30, while the Nasdaq Composite fell 162.04 points to 19,298.45.

    On the institutional front, Foreign Institutional Investors (FIIs) were net sellers on June 5, offloading equities worth ₹208.47 crore. In contrast, Domestic Institutional Investors (DIIs) remained strong buyers with net purchases of ₹2,382.40 crore, offering support to the domestic markets.

    -IANS

  • Spain beat France 5-4 in thriller to reach Nations League final

    Source: Government of India

    Source: Government of India (4)

    Spain’s teenage sensation Lamine Yamal inspired his country to a thrilling 5-4 win over France on Thursday to send the holders through to their third successive Nations League final where they will face Iberian neighbours Portugal.

    The European champions dazzled in the first half of the semi-final at the MHP Arena and raced into a 2-0 lead with fine goals by Nico Williams and Mikel Merino inside 25 minutes.

    Spain’s 17-year-old starlet Yamal then got in on the act to coolly add a third from the penalty spot nine minutes into the second half before his Barcelona teammate Pedri clipped a sublime fourth into the net less than a minute later.

    The goals continued to flow as France striker Kylian Mbappe also slotted home from the penalty spot near the hour mark before Yamal added Spain’s fifth after 67 minutes to cap an exhilarating individual performance.

    France then mounted an extraordinary comeback as a stunning strike from Rayan Cherki, Dani Vivian’s own goal and a Randal Kolo Muani finish caused Spain some late jitters but they held on to book a clash with their Portuguese rivals on Sunday.

    “I always say it to my mother, I try to give it all,” Yamal told Teledeporte. “It is what motivates me to play football, why I wake up in the mornings.

    “France have world class players. The scoreline after 60 minutes was very big, but they have players who make you suffer.

    “We (Spain and Portugal) are two very good teams with world-class players. The best will win. I hope to bring the cup to Spain.”

    Spain have been nearly imperious under coach Luis de la Fuente, losing just once in over two years, a run that helped them take home the European Championship title last year with victory over England in the final.

    Key to De la Fuente’s system is his lively wide men Nico Williams and Yamal, and after Mbappe had wasted a golden early chance in Stuttgart and Theo Hernandez crashed an effort against the crossbar, Williams’ emphatic finish edged Spain in front.

    Another fine, flowing move three minutes later resulted in Merino slotting home the second having been picked out by a pinpoint Mikel Oyarzabal pass. It was only the second time France had conceded twice inside the opening half hour of a match during coach Didier Deschamps’ 13-year tenure.

    France continued to create openings but could not make their moments count, with their profligacy proving costly as one of the favourites to win the Ballon d’Or award, Yamal, fired in from the penalty spot after the teenager had been fouled.

    Yamal, who already has over 100 appearances for Barcelona across all competitions before he has even turned 18, was equally calm for his second, after Pedro’s fine fourth and Mbappe’s penalty, poking the ball past France goalkeeper Mike Maignan.

    The strike from Olympique Lyonnais’ Cherki deserved to be more meaningful, before Vivian’s intervention gave Spanish supporters some cause for concern.

    Substitute Kolo Muani’s goal made extra time look a possibility, but it was too little, too late.

    The striker, however, ensured the enthralling semi-final became the first-ever Nations League match to feature nine goals. It was also the first time France had conceded five times in a match since 1969.

    “We had some bursts of play we haven’t had for a long time,” France skipper Mbappe said. “But in just 10 minutes of the first half, we conceded two goals — and the same thing happened in the second half.

    “We weren’t consistent throughout the 90 minutes, but we did improve. When you don’t win, there are always negative points that come out. But it’s not all negative.”

    (Reuters)