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Category: Government of India

  • India to celebrate 19th Statistics Day on June 29, highlighting 75 years of National Sample Survey

    Source: Government of India

    Source: Government of India (4)

    The Ministry of Statistics and Programme Implementation (MoSPI) will mark the 19th Statistics Day on June 29, at the Dr. Ambedkar International Centre in New Delhi. This annual event commemorates the birth anniversary of Professor Prasanta Chandra Mahalanobis, a pioneer in statistics and economic planning, and aims to raise public awareness, particularly among the younger generation, about the role of statistics in socio-economic planning and policy formulation for national development.

    The theme for this year’s celebration, “75 Years of National Sample Survey,” underscores the critical role of the National Sample Survey (NSS) in providing reliable and timely statistical data that supports evidence-based decision-making and governance in India. Since 2007, Statistics Day has been celebrated annually with a theme of national significance.

    The event will be inaugurated by Rao Inderjit Singh, Minister of State (Independent Charge) for MoSPI, Minister of State (Independent Charge) for the Ministry of Planning, and Minister of State for the Ministry of Culture, who will serve as the Chief Guest. The inaugural session will feature addresses by Prof. Rajeeva Laxman Karandikar, Chairman of the National Statistical Commission, and Dr. Saurabh Garg, Secretary of MoSPI.

    To mark the 75th anniversary of the NSS, MoSPI will release a Commemorative Coin and a Customized My Stamp. Several key statistical publications, including the Sustainable Development Goals – National Indicator Framework Progress Report 2025 and Nutritional Intake in India 2022-23 & 2023-24, will also be launched. Additionally, MoSPI will introduce the GoIStat mobile application, designed to provide user-friendly access to official statistics. The prestigious Prof. C.R. Rao National Award in Statistics will be conferred, and winners of MoSPI’s Data Visualization Hackathon will be felicitated. The vote of thanks will be delivered by P.R. Meshram, Director General of MoSPI.

    Following the inauguration, a technical session will feature a short film showcasing 75 years of the NSS, followed by a panel discussion on “Impact of Frontier Technologies on Official Statistics.” Moderated by Dr. Shamika Ravi, Member of the Economic Advisory Council to the Prime Minister, the panel will include Dr. Debasisa Mohanty, Director of the National Institute of Immunology; Prakash Kumar, CEO of the Wadhwani Centre for Government Digital Transformation; and Amitabha Tripathi, SVP and Head of Analytics Consulting and Solution at Aditya Birla Management Corporation Pvt. Ltd.

    Approximately 700 participants, including officials from Central Ministries, NITI Aayog, state governments, Union Territory administrations, representatives from international and national organizations, domain experts, and research institutions, are expected to attend. The event’s highlights will be shared on MoSPI’s social media platforms.

  • India rejects ‘Supplemental Award’ by Illegal Court of Arbitration under Indus Waters Treaty

    Source: Government of India

    Source: Government of India (4)

    India on Friday firmly rejected a so-called “supplemental award” issued by an illegally constituted Court of Arbitration, purportedly formed under the Indus Waters Treaty of 1960, concerning the Kishenganga and Ratle hydroelectric projects in the Union Territory of Jammu and Kashmir. In a statement, the Ministry of External Affairs (MEA) said the award, along with all prior pronouncements by this body, as illegal and void, citing the tribunal’s formation as a serious violation of the treaty itself.

    The MEA emphasized that India has never recognized the legal existence of this arbitral body, describing its constitution as a breach of the Indus Waters Treaty. Following the Pahalgam terrorist attack, India, exercising its sovereign rights under international law, has placed the treaty in abeyance until Pakistan demonstrably ceases its support for cross-border terrorism. During this period, India is not obligated to comply with the treaty’s provisions, rendering any arbitration proceedings or decisions by this body without jurisdiction or legal standing.

    The ministry condemned the arbitration as a maneuver by Pakistan to evade accountability for its role as a global hub of terrorism. The MEA described Pakistan’s pursuit of this “fabricated arbitration mechanism” as part of a long-standing pattern of deception and manipulation of international forums.

  • Early months of FY26 indicate resilient economy, outlook remains positive: Centre

    Source: Government of India

    Source: Government of India (4)

    High-frequency indicators for the first two months of FY26 indicate resilient performance of the domestic economy amid the heightened geopolitical situation, Finance Ministry’s ‘Monthly Economic Review for May 2025’ said on Friday, adding that overall, the outlook for the Indian economy remains positive.

    The economy demonstrates resilience amid a turbulent global environment, supported by robust domestic demand, easing inflationary pressures, a resilient external sector, and a steady employment situation.

    “The positive trajectory appears to be continuing in FY26, with initial high-frequency indicators (HFI) indicating that economic activity has remained resilient. HFIs such as e-way bill generation, fuel consumption, and PMI indices point to continued resilience,” the Economic Review noted.

    Rural demand has strengthened further, supported by a healthy rabi harvest and a positive monsoon outlook. Urban consumption is being supported by increased leisure and business travel, as seen in the rise of air passenger traffic and hotel occupancy.

    “However, there are signs of softening in areas like construction inputs and vehicle sales. Retail and food price inflation registered a sustained and broad-based decline in May 2025, driven by robust agricultural production and effective government interventions,” the Economic Review emphasised.

    While domestic indicators have remained largely positive, financial markets experienced volatility as a result of external developments. The significant escalation of trade tensions in early 2025, followed by a partial de-escalation in the second quarter, contributed to considerable volatility in the financial markets.

    However, the Indian government bond market exhibited stability and certainty in May, driven by factors such as the announcement of a record surplus dividend by the RBI and a robust growth reading of Q4 FY25. Consequently, the risk premium on India’s government bonds decreased to 182 basis points as of May 30.

    On the external front, India’s total exports (merchandise and services) recorded a YoY growth rate of 2.8 per cent in May 2025, reflecting the resilience of our exports amid tariff uncertainties and subdued global economic conditions, said the Review.

    As of June 13, foreign exchange reserves remain strong, standing at $699 billion, which provides an import cover of 11.5 months. Additionally, the Indian rupee has experienced moderate volatility, in contrast to the more pronounced adjustments observed in other economies.

    The labour market indicators show signs of stability. White-collar hiring witnessed a rise in hiring with core sectors such as AI/ML professionals, Insurance, Real Estate, BPO/ITES, and Hospitality leading the hiring growth.

    “The employment sub-indices of the PMI indicate strong employment growth, with the employment sub-indices reaching a high. Formal job creation is also on the rise, as indicated by the growing net payroll additions under the Employee Provident Fund Organisation,” the Review noted.

    Steady economic performance in FY25 underscores the resilience of domestic growth drivers amid a challenging global environment. Robust private consumption and resilient services sector activity were key contributors to overall economic expansion.

    “The positive momentum has been extended into the early months of FY26, as reflected in the performance of high-frequency indicators such as e-way bill generation, fuel consumption and PMI indices among others,” according to the Economic Review.

    (IANS)

  • PM Modi to embark on multi-nation visit to Ghana, Trinidad & Tobago, Argentina, Brazil, and Namibia

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi will undertake a significant multi-nation tour from July 2 to July 9,  visiting Ghana, Trinidad & Tobago, Argentina, Brazil, and Namibia to strengthen India’s bilateral ties and global partnerships.

    The tour begins in Ghana from July 2-3, marking the first bilateral visit by an Indian Prime Minister to the country in three decades. During his stay, PM Modi will engage in discussions with the President of Ghana to review and enhance the robust bilateral partnership, focusing on economic cooperation, energy, defense, and development initiatives. This visit underscores India’s commitment to deepening ties with Ghana, the Economic Community of West African States (ECOWAS), and the African Union.

    From Ghana, Prime Minister Modi will travel to Trinidad & Tobago from July 3-4, at the invitation of Prime Minister Kamla Persad-Bissessar. This marks his first visit to the country as Prime Minister and the first such bilateral visit since 1999. In Trinidad & Tobago, he will hold talks with President Christine Carla Kangaloo and Prime Minister Persad-Bissessar to further strengthen historical and deep-rooted ties. Additionally, he is expected to address a Joint Session of the Parliament of Trinidad & Tobago, giving fresh impetus to India’s relationship with the Caribbean nation.

    The third leg of the tour takes Prime Minister Modi to Argentina from July 4-5, at the invitation of President H.E. Javier Milei. The visit aims to deepen the multifaceted Strategic Partnership between India and Argentina through discussions on defense, agriculture, mining, oil and gas, renewable energy, trade, investment, and people-to-people connections.

    From Argentina, the Prime Minister will proceed to Brazil from July 5-8 to attend the 17th BRICS Summit in Rio de Janeiro and undertake a State Visit. During the Summit, he will exchange views on critical global issues, including global governance reform, peace and security, multilateralism, responsible artificial intelligence use, climate action, global health, and economic matters. Several bilateral meetings are also anticipated on the sidelines. In Brasilia, PM Modi will hold discussions with President Luiz Inacio Lula da Silva to expand the Strategic Partnership in areas such as trade, defense, energy, space, technology, agriculture, health, and cultural linkages.

    The final stop of the tour is Namibia on July 9, at the invitation of President Dr. Netumbo Nandi-Ndaitwah. This visit, the third by an Indian Prime Minister to Namibia, will include bilateral talks with President Nandi-Ndaitwah and a tribute to Namibia’s Founding Father, Late Dr. Sam Nujoma. Prime Minister Modi is also expected to address the Namibian Parliament, reinforcing India’s deep historical ties with the nation.

  • PM Modi to embark on multi-nation visit to Ghana, Trinidad & Tobago, Argentina, Brazil, and Namibia

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi will undertake a significant multi-nation tour from July 2 to July 9,  visiting Ghana, Trinidad & Tobago, Argentina, Brazil, and Namibia to strengthen India’s bilateral ties and global partnerships.

    The tour begins in Ghana from July 2-3, marking the first bilateral visit by an Indian Prime Minister to the country in three decades. During his stay, PM Modi will engage in discussions with the President of Ghana to review and enhance the robust bilateral partnership, focusing on economic cooperation, energy, defense, and development initiatives. This visit underscores India’s commitment to deepening ties with Ghana, the Economic Community of West African States (ECOWAS), and the African Union.

    From Ghana, Prime Minister Modi will travel to Trinidad & Tobago from July 3-4, at the invitation of Prime Minister Kamla Persad-Bissessar. This marks his first visit to the country as Prime Minister and the first such bilateral visit since 1999. In Trinidad & Tobago, he will hold talks with President Christine Carla Kangaloo and Prime Minister Persad-Bissessar to further strengthen historical and deep-rooted ties. Additionally, he is expected to address a Joint Session of the Parliament of Trinidad & Tobago, giving fresh impetus to India’s relationship with the Caribbean nation.

    The third leg of the tour takes Prime Minister Modi to Argentina from July 4-5, at the invitation of President H.E. Javier Milei. The visit aims to deepen the multifaceted Strategic Partnership between India and Argentina through discussions on defense, agriculture, mining, oil and gas, renewable energy, trade, investment, and people-to-people connections.

    From Argentina, the Prime Minister will proceed to Brazil from July 5-8 to attend the 17th BRICS Summit in Rio de Janeiro and undertake a State Visit. During the Summit, he will exchange views on critical global issues, including global governance reform, peace and security, multilateralism, responsible artificial intelligence use, climate action, global health, and economic matters. Several bilateral meetings are also anticipated on the sidelines. In Brasilia, PM Modi will hold discussions with President Luiz Inacio Lula da Silva to expand the Strategic Partnership in areas such as trade, defense, energy, space, technology, agriculture, health, and cultural linkages.

    The final stop of the tour is Namibia on July 9, at the invitation of President Dr. Netumbo Nandi-Ndaitwah. This visit, the third by an Indian Prime Minister to Namibia, will include bilateral talks with President Nandi-Ndaitwah and a tribute to Namibia’s Founding Father, Late Dr. Sam Nujoma. Prime Minister Modi is also expected to address the Namibian Parliament, reinforcing India’s deep historical ties with the nation.

  • PM Modi to embark on multi-nation visit to Ghana, Trinidad & Tobago, Argentina, Brazil, and Namibia

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi will undertake a significant multi-nation tour from July 2 to July 9,  visiting Ghana, Trinidad & Tobago, Argentina, Brazil, and Namibia to strengthen India’s bilateral ties and global partnerships.

    The tour begins in Ghana from July 2-3, marking the first bilateral visit by an Indian Prime Minister to the country in three decades. During his stay, PM Modi will engage in discussions with the President of Ghana to review and enhance the robust bilateral partnership, focusing on economic cooperation, energy, defense, and development initiatives. This visit underscores India’s commitment to deepening ties with Ghana, the Economic Community of West African States (ECOWAS), and the African Union.

    From Ghana, Prime Minister Modi will travel to Trinidad & Tobago from July 3-4, at the invitation of Prime Minister Kamla Persad-Bissessar. This marks his first visit to the country as Prime Minister and the first such bilateral visit since 1999. In Trinidad & Tobago, he will hold talks with President Christine Carla Kangaloo and Prime Minister Persad-Bissessar to further strengthen historical and deep-rooted ties. Additionally, he is expected to address a Joint Session of the Parliament of Trinidad & Tobago, giving fresh impetus to India’s relationship with the Caribbean nation.

    The third leg of the tour takes Prime Minister Modi to Argentina from July 4-5, at the invitation of President H.E. Javier Milei. The visit aims to deepen the multifaceted Strategic Partnership between India and Argentina through discussions on defense, agriculture, mining, oil and gas, renewable energy, trade, investment, and people-to-people connections.

    From Argentina, the Prime Minister will proceed to Brazil from July 5-8 to attend the 17th BRICS Summit in Rio de Janeiro and undertake a State Visit. During the Summit, he will exchange views on critical global issues, including global governance reform, peace and security, multilateralism, responsible artificial intelligence use, climate action, global health, and economic matters. Several bilateral meetings are also anticipated on the sidelines. In Brasilia, PM Modi will hold discussions with President Luiz Inacio Lula da Silva to expand the Strategic Partnership in areas such as trade, defense, energy, space, technology, agriculture, health, and cultural linkages.

    The final stop of the tour is Namibia on July 9, at the invitation of President Dr. Netumbo Nandi-Ndaitwah. This visit, the third by an Indian Prime Minister to Namibia, will include bilateral talks with President Nandi-Ndaitwah and a tribute to Namibia’s Founding Father, Late Dr. Sam Nujoma. Prime Minister Modi is also expected to address the Namibian Parliament, reinforcing India’s deep historical ties with the nation.

  • PM Modi to embark on multi-nation visit to Ghana, Trinidad & Tobago, Argentina, Brazil, and Namibia

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi will undertake a significant multi-nation tour from July 2 to July 9,  visiting Ghana, Trinidad & Tobago, Argentina, Brazil, and Namibia to strengthen India’s bilateral ties and global partnerships.

    The tour begins in Ghana from July 2-3, marking the first bilateral visit by an Indian Prime Minister to the country in three decades. During his stay, PM Modi will engage in discussions with the President of Ghana to review and enhance the robust bilateral partnership, focusing on economic cooperation, energy, defense, and development initiatives. This visit underscores India’s commitment to deepening ties with Ghana, the Economic Community of West African States (ECOWAS), and the African Union.

    From Ghana, Prime Minister Modi will travel to Trinidad & Tobago from July 3-4, at the invitation of Prime Minister Kamla Persad-Bissessar. This marks his first visit to the country as Prime Minister and the first such bilateral visit since 1999. In Trinidad & Tobago, he will hold talks with President Christine Carla Kangaloo and Prime Minister Persad-Bissessar to further strengthen historical and deep-rooted ties. Additionally, he is expected to address a Joint Session of the Parliament of Trinidad & Tobago, giving fresh impetus to India’s relationship with the Caribbean nation.

    The third leg of the tour takes Prime Minister Modi to Argentina from July 4-5, at the invitation of President H.E. Javier Milei. The visit aims to deepen the multifaceted Strategic Partnership between India and Argentina through discussions on defense, agriculture, mining, oil and gas, renewable energy, trade, investment, and people-to-people connections.

    From Argentina, the Prime Minister will proceed to Brazil from July 5-8 to attend the 17th BRICS Summit in Rio de Janeiro and undertake a State Visit. During the Summit, he will exchange views on critical global issues, including global governance reform, peace and security, multilateralism, responsible artificial intelligence use, climate action, global health, and economic matters. Several bilateral meetings are also anticipated on the sidelines. In Brasilia, PM Modi will hold discussions with President Luiz Inacio Lula da Silva to expand the Strategic Partnership in areas such as trade, defense, energy, space, technology, agriculture, health, and cultural linkages.

    The final stop of the tour is Namibia on July 9, at the invitation of President Dr. Netumbo Nandi-Ndaitwah. This visit, the third by an Indian Prime Minister to Namibia, will include bilateral talks with President Nandi-Ndaitwah and a tribute to Namibia’s Founding Father, Late Dr. Sam Nujoma. Prime Minister Modi is also expected to address the Namibian Parliament, reinforcing India’s deep historical ties with the nation.

  • Nirmala Sitharaman reviews public sector banks’ performance, urges focus on financial inclusion and innovation

    Source: Government of India

    Source: Government of India (4)

    Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman on Friday chaired a high-level annual review meeting with the Managing Directors and CEOs of Public Sector Banks (PSBs) in New Delhi. Meeting focused on financial strength, inclusive lending, cyber security, and customer-centric innovation. The meeting was attended by Union Minister of State for Finance Pankaj Chaudhary, Secretary of the Department of Financial Services, M. Nagaraju, and senior officials, alongside PSB leadership.

    Sitharaman commended the PSBs for their robust financial performance, particularly in FY 2024–25, where they recorded a record net profit of ₹1.78 lakh crore. Over the period from FY 2022–23 to FY 2024–25, the total business of PSBs grew from ₹203 lakh crore to ₹251 lakh crore, while net Non-Performing Assets (NNPAs) dropped to a multi-year low of 0.52%, reflecting improved asset quality and risk management. Dividend payouts also rose significantly, from ₹20,964 crore to ₹34,990 crore, with the Capital to Risk-Weighted Assets Ratio (CRAR) standing strong at 16.15% as of March 2025.

    The Finance Minister emphasized the need for sustained deposit mobilization to support ongoing credit growth, urging PSBs to leverage their branch networks and deepen outreach in semi-urban and rural areas through special drives. She also directed banks to identify emerging commercial growth sectors for the next decade to boost profitability and to deepen corporate lending in productive sectors while maintaining stringent underwriting and risk management standards. Lending to the energy sector, particularly in renewable and sustainable areas, was highlighted as a national priority, with banks advised to develop credit models to support indigenously designed small modular nuclear reactors (SMRs) as announced in the Union Budget 2025-26.

    Financial inclusion remained a key focus, with Sitharaman directing PSBs to actively participate in a three-month saturation campaign starting July 1, covering 2.7 lakh Gram Panchayats and Urban Local Bodies. The campaign will prioritize KYC compliance, re-KYC, and unclaimed deposits, alongside promoting schemes like PM Jan Dhan Yojana, PM Jeevan Jyoti Bima, and PM Suraksha Bima Yojana. Banks were also instructed to scale up efforts under schemes such as PM MUDRA Yojana, PM Vishwakarma, PM Surya Ghar Muft Bijli Yojana, PM Vidyalaxmi, and the Kisan Credit Card (KCC) scheme, with a special focus on agricultural credit in 100 low-productivity districts under the PM Dhan Dhanya Yojana to enhance local economic potential.

    The review highlighted progress under the New Credit Assessment Model for MSMEs, launched on March 6, 2025, with 1.97 lakh loans sanctioned worth ₹60,000 crore. Smt. Sitharaman urged banks to strengthen this model to improve capital access for small and medium businesses. Additionally, under the Stand Up India scheme, 2.28 lakh loans worth ₹51,192 crore have been sanctioned, and under the PM Vidya Lakshmi scheme, 6,682 applications worth ₹1,751 crore have been approved. The Finance Minister called for greater focus on these schemes to support entrepreneurship and higher education.

    To enhance customer experience, banks were directed to ensure faster grievance redressal, offer simplified digital platforms, and provide multilingual services both online and offline. Maintaining clean, customer-friendly branches and expanding in metro and urban centers to keep pace with urbanization were also emphasized. Sitharaman stressed the importance of filling all existing and upcoming vacancies promptly to improve service delivery and encouraged banks to expand their presence in underserved areas like the Northeast and strengthen the Business Correspondent network for last-mile banking access. Additionally, banks were advised to expand operations in GIFT City to tap into global financial opportunities and increase participation in the India International Bullion Exchange (IIBX).

  • India’s agriculture and alied sectors show robust growth, reports MoSPI

    Source: Government of India

    Source: Government of India (4)

    The National Statistics Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI) on Friday released its annual publication, “Statistical Report on Value of Output from Agriculture and Allied Sectors (2011-12 to 2023-24)”. Available on the ministry’s official website (https://mospi.gov.in), the comprehensive report details the value of output from crop, livestock, forestry, logging, and fishing and aquaculture sectors at both current and constant (2011-12) prices. This follows the release of major aggregates at the national level in the National Accounts Statistics on February 28, 2025.

    The Gross Value Added (GVA) of agriculture and allied sectors at current prices surged by approximately 225%, rising from ₹1,502 thousand crore in 2011-12 to ₹4,878 thousand crore in 2023-24. At constant prices, the Gross Value of Output (GVO) from these sectors grew steadily from ₹1,908 thousand crore in 2011-12 to ₹2,949 thousand crore in 2023-24, reflecting a 54.6% increase over the period.

    The crop sector, contributing ₹1,595 thousand crore, remains the largest component of the total GVO at constant prices, accounting for 54.1% in 2023-24. Within this sector, cereals and fruits & vegetables together made up 52.5% of the crop GVO. Among cereals, paddy and wheat dominated, constituting about 85% of the cereal GVO in 2023-24. Five states—Uttar Pradesh, Madhya Pradesh, Punjab, Telangana, and Haryana—contributed nearly 53% of the cereal GVO, with Uttar Pradesh retaining its top position despite a slight decline in share from 18.6% in 2011-12 to 17.2% in 2023-24.

    In the fruit category, banana overtook mango in 2023-24, recording a GVO of ₹47.0 thousand crore compared to mango’s ₹46.1 thousand crore. Mango had been the leading fruit contributor from 2011-12 to 2021-22. Potato continued to lead the vegetable group, with its GVO rising from ₹21.3 thousand crore in 2011-12 to ₹37.2 thousand crore in 2023-24. Floriculture saw significant growth, nearly doubling from ₹17.4 thousand crore to ₹28.1 thousand crore over the same period, signaling increased commercial interest and diversification in horticulture.

    State-wise contributions to the GVO of fruits, vegetables, and floriculture have shifted noticeably between 2011-12 and 2023-24, reflecting changes in production dynamics and regional agricultural growth. In the condiments and spices category, Madhya Pradesh emerged as the top contributor in 2023-24 with a 19.2% share, followed by Karnataka (16.6%) and Gujarat (15.5%).

    The livestock sector recorded strong growth, with its GVO increasing from ₹488 thousand crore in 2011-12 to ₹919 thousand crore in 2023-24. Milk remained the dominant component, though its share slightly decreased from 67.2% to 65.9% over the period, while the meat group’s share rose from 19.7% to 24.1%.

    The forestry and logging sector showed consistent growth, with its GVO rising from ₹149 thousand crore in 2011-12 to ₹227 thousand crore in 2023-24. The share of industrial wood in this sector surged from 49.9% to 70.2% over the same period. Meanwhile, the fishing and aquaculture sub-sector grew in importance, with its contribution to agricultural GVA increasing from 4.2% in 2011-12 to 7.0% in 2023-24. The share of inland fish decreased from 57.7% to 50.2%, while marine fish increased from 42.3% to 49.8%. West Bengal and Andhra Pradesh remained key contributors to the fisheries GVO, with significant shifts observed between 2011-12 and 2022-23.

  • Operation Sindhu: Over 4,400 Indians evacuated from Iran and Israel, says MEA

    Source: Government of India

    Source: Government of India (4)

    The Ministry of External Affairs (MEA), in a press release issued on Friday, announced the successful completion of Operation Sindhu—a major evacuation effort launched by the Government of India to bring back its nationals from conflict-affected regions in Iran and Israel. The operation, which commenced on June 18, was undertaken in response to the escalating security situation in West Asia.

    According to the MEA, a total of 4,415 Indian nationals were evacuated—3,597 from Iran and 818 from Israel—using 19 special evacuation flights, including three Indian Air Force (IAF) C-17 aircraft. The coordinated efforts were supported by Indian diplomatic missions across the region and were made possible with the cooperation of several foreign governments.

    The press release also noted that in addition to Indian citizens, 14 Overseas Citizen of India (OCI) cardholders, 9 Nepali nationals, 4 Sri Lankan nationals, and one Iranian spouse of an Indian national were also safely evacuated. Among those rescued were over 1,500 women and 500 children, underscoring the humanitarian nature and urgency of the mission.

    For the Iran segment of the operation, Indian embassies in Tehran, Yerevan, and Ashgabat coordinated the movement of Indian nationals across land borders into Armenia and Turkmenistan on June 17 and 18. The first evacuation flights began on June 18. A key breakthrough occurred on June 20, when Iran agreed to reopen its airspace for evacuation flights following India’s request. This enabled the operation to proceed swiftly via Mashhad. Between June 18 and 26, 15 evacuation flights brought Indian citizens back to New Delhi from Yerevan, Ashgabat, and Mashhad. The evacuees included a diverse group of individuals—students, workers, professionals, pilgrims, and fishermen—from more than 15 Indian states.

    The Israel phase of Operation Sindhu began on June 23. Indian embassies in Tel Aviv, Ramallah, Amman, and Cairo facilitated the safe passage of Indian nationals into Jordan and Egypt through land corridors. From Amman and Sharm al Sheikh, 818 Indian citizens were evacuated via four special flights between June 22 and 25, including three IAF-operated C-17 aircraft.

    The MEA stated that the evacuation efforts were paused on June 25, following the reopening of regional airspace. It added that any further action would be determined based on developments in the ongoing West Asia crisis.

    “Under the guidance of Prime Minister Narendra Modi, Operation Sindhu is yet another demonstration of the Government’s unwavering commitment to the safety and welfare of Indian citizens abroad,” the MEA said. The ministry also extended its gratitude to the governments of Iran, Israel, Jordan, Egypt, Armenia, and Turkmenistan for their crucial support and cooperation.

    Indian diplomatic missions remain in close contact with local authorities and Indian communities across the West Asia region to ensure their continued safety and well-being, the release concluded.

  • Operation Sindhu: Over 4,400 Indians evacuated from Iran and Israel, says MEA

    Source: Government of India

    Source: Government of India (4)

    The Ministry of External Affairs (MEA), in a press release issued on Friday, announced the successful completion of Operation Sindhu—a major evacuation effort launched by the Government of India to bring back its nationals from conflict-affected regions in Iran and Israel. The operation, which commenced on June 18, was undertaken in response to the escalating security situation in West Asia.

    According to the MEA, a total of 4,415 Indian nationals were evacuated—3,597 from Iran and 818 from Israel—using 19 special evacuation flights, including three Indian Air Force (IAF) C-17 aircraft. The coordinated efforts were supported by Indian diplomatic missions across the region and were made possible with the cooperation of several foreign governments.

    The press release also noted that in addition to Indian citizens, 14 Overseas Citizen of India (OCI) cardholders, 9 Nepali nationals, 4 Sri Lankan nationals, and one Iranian spouse of an Indian national were also safely evacuated. Among those rescued were over 1,500 women and 500 children, underscoring the humanitarian nature and urgency of the mission.

    For the Iran segment of the operation, Indian embassies in Tehran, Yerevan, and Ashgabat coordinated the movement of Indian nationals across land borders into Armenia and Turkmenistan on June 17 and 18. The first evacuation flights began on June 18. A key breakthrough occurred on June 20, when Iran agreed to reopen its airspace for evacuation flights following India’s request. This enabled the operation to proceed swiftly via Mashhad. Between June 18 and 26, 15 evacuation flights brought Indian citizens back to New Delhi from Yerevan, Ashgabat, and Mashhad. The evacuees included a diverse group of individuals—students, workers, professionals, pilgrims, and fishermen—from more than 15 Indian states.

    The Israel phase of Operation Sindhu began on June 23. Indian embassies in Tel Aviv, Ramallah, Amman, and Cairo facilitated the safe passage of Indian nationals into Jordan and Egypt through land corridors. From Amman and Sharm al Sheikh, 818 Indian citizens were evacuated via four special flights between June 22 and 25, including three IAF-operated C-17 aircraft.

    The MEA stated that the evacuation efforts were paused on June 25, following the reopening of regional airspace. It added that any further action would be determined based on developments in the ongoing West Asia crisis.

    “Under the guidance of Prime Minister Narendra Modi, Operation Sindhu is yet another demonstration of the Government’s unwavering commitment to the safety and welfare of Indian citizens abroad,” the MEA said. The ministry also extended its gratitude to the governments of Iran, Israel, Jordan, Egypt, Armenia, and Turkmenistan for their crucial support and cooperation.

    Indian diplomatic missions remain in close contact with local authorities and Indian communities across the West Asia region to ensure their continued safety and well-being, the release concluded.

  • Union Minister Jayant Chaudhary unveils report on transforming India’s workforce

    Source: Government of India

    Source: Government of India (4)

    Union Minister of State (Independent Charge) for Skill Development and Entrepreneurship and Minister of State for Education, Jayant Chaudharybon Friday unveiled a report titled “Skills for the Future: Transforming India’s Workforce Landscape” in New. Developed by the Institute for Competitiveness (IFC), the report offers a comprehensive analysis of India’s skills ecosystem, emphasizing the need for a demand-driven, market-aligned, and outcome-oriented approach to skilling.

    Speaking at the event, Chaudhary highlighted the importance of aligning skilling initiatives with industry needs and evolving workforce demands. He emphasized that skilling should not be viewed solely as a supply-side intervention but as a holistic ecosystem that bridges education, vocational training, and industry requirements. He also proposed the development of a robust employability index to monitor the impact of education and skilling on youth employment in a rapidly changing economic and technological landscape. Additionally, he stressed the value of recognizing informal and experiential learning to strengthen pathways between education and industry.

    The report, an independent effort by IFC, draws on publicly available data, including unit-level analysis from the Periodic Labour Force Survey (PLFS) 2023-24. It reveals that 88% of India’s workforce is engaged in low-competency occupations, with only 10-12% in high-competency roles. The report identifies five key sectors—IT and ITeS, Textile and Apparel, Electronics, Healthcare and Life Sciences, and Beauty and Wellness—that account for over 66% of vocational training in India. Using a Competitiveness Framework Analysis, it also highlights five high-potential regions for these sectors, integrating data from PLFS, the PMKVY 4.0 dashboard, Sector Skill Councils, and the National Apprenticeship Promotion Scheme to assess training, certification, and industry alignment.

    Atul Kumar Tiwari, Secretary of the Ministry of Skill Development and Entrepreneurship (MSDE), commended the IFC’s efforts, underscoring the need for a robust body of academic literature on skilling supported by data and evidence. He called for deeper exploration of structural changes in the skilling, education, and work continuum to drive meaningful reforms.

  • Union Minister Jayant Chaudhary unveils report on transforming India’s workforce

    Source: Government of India

    Source: Government of India (4)

    Union Minister of State (Independent Charge) for Skill Development and Entrepreneurship and Minister of State for Education, Jayant Chaudharybon Friday unveiled a report titled “Skills for the Future: Transforming India’s Workforce Landscape” in New. Developed by the Institute for Competitiveness (IFC), the report offers a comprehensive analysis of India’s skills ecosystem, emphasizing the need for a demand-driven, market-aligned, and outcome-oriented approach to skilling.

    Speaking at the event, Chaudhary highlighted the importance of aligning skilling initiatives with industry needs and evolving workforce demands. He emphasized that skilling should not be viewed solely as a supply-side intervention but as a holistic ecosystem that bridges education, vocational training, and industry requirements. He also proposed the development of a robust employability index to monitor the impact of education and skilling on youth employment in a rapidly changing economic and technological landscape. Additionally, he stressed the value of recognizing informal and experiential learning to strengthen pathways between education and industry.

    The report, an independent effort by IFC, draws on publicly available data, including unit-level analysis from the Periodic Labour Force Survey (PLFS) 2023-24. It reveals that 88% of India’s workforce is engaged in low-competency occupations, with only 10-12% in high-competency roles. The report identifies five key sectors—IT and ITeS, Textile and Apparel, Electronics, Healthcare and Life Sciences, and Beauty and Wellness—that account for over 66% of vocational training in India. Using a Competitiveness Framework Analysis, it also highlights five high-potential regions for these sectors, integrating data from PLFS, the PMKVY 4.0 dashboard, Sector Skill Councils, and the National Apprenticeship Promotion Scheme to assess training, certification, and industry alignment.

    Atul Kumar Tiwari, Secretary of the Ministry of Skill Development and Entrepreneurship (MSDE), commended the IFC’s efforts, underscoring the need for a robust body of academic literature on skilling supported by data and evidence. He called for deeper exploration of structural changes in the skilling, education, and work continuum to drive meaningful reforms.

  • PM Modi to inaugurate centenary celebrations of Acharya Vidyanand Ji Maharaj on June 28 in New Delhi

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi will inaugurate the centenary celebrations of revered Jain spiritual leader and social reformer Acharya Vidyanand Ji Maharaj on June 28 in Vigyan Bhawan, New Delhi. The Prime Minister will also address the gathering during the event, marking the formal launch of a year-long national tribute to honor the 100th birth anniversary of the esteemed scholar.

    Organized by the Government of India in collaboration with the Bhagwan Mahaveer Ahimsa Bharti Trust, the celebrations will feature a series of cultural, literary, educational, and spiritual initiatives across the country. These programs aim to commemorate Acharya Vidyanand Ji Maharaj’s remarkable life and legacy while spreading his message of peace and non-violence.

    Acharya Vidyanand Ji Maharaj, a prolific author of over 50 works on Jain philosophy and ethics, made significant contributions to the restoration and revival of ancient Jain temples across India. His efforts also extended to promoting education, particularly in Prakrit, Jain philosophy, and classical languages, leaving an enduring impact on India’s spiritual and cultural heritage.

  • PM Modi to inaugurate centenary celebrations of Acharya Vidyanand Ji Maharaj on June 28 in New Delhi

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi will inaugurate the centenary celebrations of revered Jain spiritual leader and social reformer Acharya Vidyanand Ji Maharaj on June 28 in Vigyan Bhawan, New Delhi. The Prime Minister will also address the gathering during the event, marking the formal launch of a year-long national tribute to honor the 100th birth anniversary of the esteemed scholar.

    Organized by the Government of India in collaboration with the Bhagwan Mahaveer Ahimsa Bharti Trust, the celebrations will feature a series of cultural, literary, educational, and spiritual initiatives across the country. These programs aim to commemorate Acharya Vidyanand Ji Maharaj’s remarkable life and legacy while spreading his message of peace and non-violence.

    Acharya Vidyanand Ji Maharaj, a prolific author of over 50 works on Jain philosophy and ethics, made significant contributions to the restoration and revival of ancient Jain temples across India. His efforts also extended to promoting education, particularly in Prakrit, Jain philosophy, and classical languages, leaving an enduring impact on India’s spiritual and cultural heritage.

  • PM Modi to inaugurate centenary celebrations of Acharya Vidyanand Ji Maharaj on June 28 in New Delhi

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi will inaugurate the centenary celebrations of revered Jain spiritual leader and social reformer Acharya Vidyanand Ji Maharaj on June 28 in Vigyan Bhawan, New Delhi. The Prime Minister will also address the gathering during the event, marking the formal launch of a year-long national tribute to honor the 100th birth anniversary of the esteemed scholar.

    Organized by the Government of India in collaboration with the Bhagwan Mahaveer Ahimsa Bharti Trust, the celebrations will feature a series of cultural, literary, educational, and spiritual initiatives across the country. These programs aim to commemorate Acharya Vidyanand Ji Maharaj’s remarkable life and legacy while spreading his message of peace and non-violence.

    Acharya Vidyanand Ji Maharaj, a prolific author of over 50 works on Jain philosophy and ethics, made significant contributions to the restoration and revival of ancient Jain temples across India. His efforts also extended to promoting education, particularly in Prakrit, Jain philosophy, and classical languages, leaving an enduring impact on India’s spiritual and cultural heritage.

  • India to host 2029 World Police and Fire Games in Ahmedabad, says Union Home Minister Amit Shah

    Source: Government of India

    Source: Government of India (4)

    Union Home Minister and Minister of Cooperation, Amit Shah on Friday expressed immense pride and joy as India has been selected to host the prestigious 2029 World Police and Fire Games. In a post on X , Shah highlighted that this achievement is a matter of great pride for every Indian citizen and a testament to the country’s growing stature in the global sporting arena.

    The minister attributed India’s successful bid to host the event to the robust sports infrastructure developed under the leadership of Prime Minister Narendra Modi. The World Police and Fire Games, a biennial event that brings together police, fire, and disaster services personnel to compete in over 50 sports, will be held in Ahmedabad, Gujarat.

    Shah emphasized that the selection of Ahmedabad as the venue underscores the city’s rising prominence as a key sporting destination in India.

  • India to host 2029 World Police and Fire Games in Ahmedabad, says Union Home Minister Amit Shah

    Source: Government of India

    Source: Government of India (4)

    Union Home Minister and Minister of Cooperation, Amit Shah on Friday expressed immense pride and joy as India has been selected to host the prestigious 2029 World Police and Fire Games. In a post on X , Shah highlighted that this achievement is a matter of great pride for every Indian citizen and a testament to the country’s growing stature in the global sporting arena.

    The minister attributed India’s successful bid to host the event to the robust sports infrastructure developed under the leadership of Prime Minister Narendra Modi. The World Police and Fire Games, a biennial event that brings together police, fire, and disaster services personnel to compete in over 50 sports, will be held in Ahmedabad, Gujarat.

    Shah emphasized that the selection of Ahmedabad as the venue underscores the city’s rising prominence as a key sporting destination in India.

  • Trump plans executive orders to power AI growth in race with China

    Source: Government of India

    Source: Government of India (4)

    The Trump administration is readying a package of executive actions aimed at boosting energy supply to power the U.S. expansion of artificial intelligence, according to four sources familiar with the planning.

    Top economic rivals U.S. and China are locked in a technological arms race and with it secure an economic and military edge. The huge amount of data processing behind AI requires a rapid increase in power supplies that are straining utilities and grids in many states.

    The moves under consideration include making it easier for power-generating projects to connect to the grid, and providing federal land on which to build the data centers needed to expand AI technology, according to the sources.

    The administration will also release an AI action plan and schedule public events to draw public attention to the efforts, according to the sources, who requested anonymity to discuss internal deliberations.

    The White House did not respond to requests for comment.

    Training large-scale AI models requires a huge amount of electricity, and the industry’s growth is driving the first big increase in U.S. power demand in decades.

    Between 2024 and 2029, U.S. electricity demand is projected to grow at five times the rate predicted in 2022, according to power-sector consultancy Grid Strategies.

    Meanwhile, power demand from AI data centers could grow more than thirtyfold by 2035, according to a new report by consultancy Deloitte.

    Building and connecting new power generation to the grid, however, has been a major hurdle because such projects require extensive impact studies that can take years to complete, and existing transmission infrastructure is overwhelmed.

    Among the ideas under consideration by the administration is to identify more fully developed power projects and move them higher on the waiting list for connection, two of the sources said.

    Siting data centers has also been challenging because larger facilities require a lot of space and resources, and can face zoning obstacles or public opposition.

    The executive orders could provide a solution to that by offering land managed by the Defense Department or Interior Department to project developers, the sources said.

    The administration is also considering streamlining permitting for data centers by creating a nationwide Clean Water Act permit, rather than requiring companies to seek permits on a state-by-state basis, according to one of the sources.

    In January, Trump hosted top tech CEOs at the White House to highlight the Stargate Project, a multi-billion effort led by ChatGPT’s creator OpenAI, SoftBank 9434.T and Oracle ORCL.N to build data centers and create more than 100,000 jobs in the U.S.

    Trump has prioritized winning the AI race against China and declared on his first day in office a national energy emergency aimed at removing all regulatory obstacles to oil and gas drilling, coal and critical mineral mining, and building new gas and nuclear power plants to bring more energy capacity online.

    He also ordered his administration in January to produce an AI Action Plan that would make “America the world capital in artificial intelligence” and reduce regulatory barriers to its rapid expansion.

    That report, which includes input from the National Security Council, is due by July 23. The White House is considering making July 23 “AI Action Day” to draw attention to the report and demonstrate its commitment to expanding the industry, two of the sources said.

    Trump is scheduled to speak at an AI and energy event in Pennsylvania on July 15 hosted by Senator Dave McCormick.

    Amazon this month announced it would invest $20 billion in data centers in two Pennsylvania counties.

    (Reuters)

  • EAM Jaishankar urges SCO nations to speak and act against terrorism

    Source: Government of India

    Source: Government of India (4)

    External Affairs Minister S. Jaishankar on Friday stressed that the core objective of the Shanghai Cooperation Organisation (SCO) is to combat terrorism, and that all member nations must reflect this shared goal through both words and actions.

    Addressing an event in the national capital, Jaishankar reiterated India’s consistent position that terrorism must not be justified, glorified, or shielded under any pretext.

    “The SCO was created with the purpose of fighting terrorism. If any country participating on this platform selectively blocks references to terror incidents or avoids calling out terrorism, then it defeats the very purpose of the organisation,” Jaishankar said.

    “Our position is very clear,” he added. “One country objected to the mention of terrorism—and we all know which country it is. That is why our Defence Minister did not endorse the statement. If fighting terrorism is our common goal, then we must call out every act and every place affected.”

    The Ministry of External Affairs, in a statement issued on Thursday, said the SCO Defence Ministers’ meeting concluded without a joint statement due to a lack of consensus among member countries.

    “India advocated for the inclusion of terrorism concerns in the document, but one country objected. The Defence Minister urged countries to unite against terrorism and hold perpetrators accountable, emphasising regional stability and security,” the statement said.

    IANS

  • Ukraine calls for EU sanctions on Bangladeshi entities for import of ‘stolen grain’

    Source: Government of India

    Source: Government of India (4)

    Ukraine plans to ask the European Union to sanction Bangladeshi entities it says are importing wheat taken from Ukrainian territories occupied by Russia, after its warnings to Dhaka failed to stop the trade, a top Ukrainian diplomat in South Asia said.

    Russian forces have occupied large parts of Ukraine’s southern agricultural regions since 2014 and Kyiv has accused Russia of stealing its grain even before the 2022 invasion. Russian officials say there is no theft of grain involved as the territories previously considered part of Ukraine are now part of Russia and will remain so forever.

    According to documents provided to Reuters by people familiar with the matter, the Ukraine Embassy in New Delhi sent several letters to Bangladesh’s foreign affairs ministry this year, asking them to reject more than 150,000 tonnes of grain allegedly stolen and shipped from Russian port of Kavkaz.

    Asked about the confidential diplomatic communication, Ukraine’s ambassador to India, Oleksandr Polishchuk, said Dhaka had not responded to the communication and Kyiv will now escalate the matter as its intelligence showed entities in Russia mix grain procured from occupied Ukrainian territories with Russian wheat before shipping.

    “It’s a crime,” Polishchuk said in an interview at Ukraine’s embassy in New Delhi.

    “We will share our investigation with our European Union colleagues, and we will kindly ask them to take the appropriate measures.”

    Ukraine’s diplomatic tussle with Bangladeshi authorities has not been previously reported.

    The Bangladesh and Russian foreign ministries did not respond to requests for comment.

    A Bangladeshi food ministry official said Dhaka bars imports from Russia if the origin of the grain is from occupied Ukrainian territory, adding that the country imports no stolen wheat.

    Amid the war with Russia, the agricultural sector remains one of the main sources of export earnings for Ukraine, supplying grain, vegetable oil and oilseeds to foreign markets.

    In April, Ukraine detained a foreign vessel in its territorial waters, alleging it was involved in the illegal trade of stolen grain, and last year seized a foreign cargo ship and detained its captain on similar suspicions.

    The EU has so far sanctioned 342 ships that are part of Russia’s so-called shadow fleet, which the bloc says enable Moscow to circumvent Western restrictions to move oil, arms and grain. Russia says Western sanctions are illegal.

    ‘NOT DIAMONDS OR GOLD’

    A Ukraine official told Reuters Ukrainian law prohibits any voluntary trade between Ukrainian producers, including grain farmers in the occupied territories, and Russian entities.

    The Ukraine Embassy has sent four letters to Bangladesh’s government, reviewed by Reuters, in which it shared vessel names and their registration numbers involved in the alleged trade of moving the grain from the Crimean ports of Sevastopol and Kerch, occupied by Russia since 2014, and Berdiansk, which is under Moscow’s control since 2022, to Kavkaz in Russia.

    The letters stated the departure and tentative arrival dates of the ships that left from Kavkaz for Bangladesh between November 2024 and June 2025.

    The June 11 letter said Bangladesh can face “serious consequences” of sanctions for taking deliveries of “stolen grain”, and that such purchases fuel “humanitarian suffering.”

    The sanctions “may extend beyond importing companies and could also target government officials and the leadership of ministries and agencies who knowingly facilitate or tolerate such violations,” the letter added.

    In a statement to Reuters, Anitta Hipper, EU Spokesperson for Foreign Affairs and Security Policy, said the vessels in question were not currently subject to any restrictive measures.

    The sanctions regime was designed to act against activities that undermine the food security of Ukraine including transportation of “stolen Ukrainian grain” and “any proven involvement of vessels in shipping stolen Ukrainian grain could provide the basis for future restrictive measures,” she added.

    The Russia-controlled territories, excluding Crimea, accounted for about 3% of the total Russian grain harvest in 2024, according to Reuters’ estimates based on official Russian data. Russian grain transporter Rusagrotrans says Bangladesh was the fourth largest buyer of Russian wheat in May.

    Ambassador Polishchuk told Reuters their intelligence shows Russia mixes its grain with that from occupied Ukrainian territories to avoid detection.

    A Russian trader, who spoke on condition of anonymity, said that when the grain is loaded for export at a Russian port, it is very difficult to track its origin.

    “These are not diamonds or gold. The composition of impurities does not allow for identification,” the person said.

    (Reuters)

  • US stock futures rise ahead of inflation data as investors anticipate dovish Fed

    Source: Government of India

    Source: Government of India (4)

    U.S. stock index futures surged on Friday, putting the S&P 500 and the Nasdaq on track for record highs as investors geared up for a key inflation report amid signs of a dovish policy outlook from the Federal Reserve this year.

    Personal Consumption Expenditure data – the U.S. central bank’s preferred inflation gauge – for May is due to be released at 08:30 a.m. ET and will be scrutinized to assess the Fed’s interest-rate path as tariffs weigh on prices.

    As the ceasefire in the Middle East holds, investor focus has turned to the prospect of a dovish Fed after the Wall Street Journal reported that U.S. President Donald Trump toyed with the idea of announcing Fed Chair Jerome Powell’s replacement by September or October.

    “News that Donald Trump may announce his pick to be the new Fed chair with months to go has led the interest rate futures market to ramp up bets that interest rates in the U.S. will be cut sharply over the coming months and years,” Kathleen Brooks, research director at XTB, said in a note.

    A spate of economic data this week, including a weaker-than-expected first quarter GDP reading as well as jobless claims reaching multi-year highs, has supported the case for the central bank to cut borrowing costs this year.

    Traders now price in a 20.7% chance of a rate cut in July, compared with 14.5% last week, according to CME Group’s FedWatch tool.

    At 06:30 a.m. ET, Dow E-minis YMcv1 were up 103 points, or 0.24%, S&P 500 E-minis EScv1 were up 13.5 points, or 0.22%, and Nasdaq 100 E-minis NQcv1 were up 63.5 points, or 0.28%.

    Nike’s NKE.N shares rose 9.2% in premarket trading after the retailer forecast a smaller-than-expected drop in first-quarter revenue.

    Retailer Lululemon Athletica LULU.O rose 1.4% after Nike’s results, while Hoka-owner Deckers Outdoor DECK.N added 2.1%.

    On the flip side, gold stocks slipped in premarket trading as bullion neared a one-month low. Top miners such as Newmont NEM.N and U.S.-listed Barrick Mining B.N were down 2.3% and 2%, respectively.

    The benchmark S&P 500 .SPX and the Nasdaq .IXIC are on track for their best weekly performance in six weeks, while the blue-chip Dow .DJI is set for a weekly advance, if gains hold.

    UBS Global Wealth Management raised its year-end target for the S&P 500 index .SPX to 6,200 from its prior forecast of 6,000, banking on softening trade uncertainty.

    Adding to the upbeat sentiment, Washington reached an agreement with China on expediting rare-earth shipments to the United States, a White House official said, days ahead of the July 9 deadline for Trump’s “reciprocal” tariffs.

    Also on tap is the final reading of consumer sentiment for June, measured by the University of Michigan Surveys of Consumers, due at 10:00 a.m. ET.

    Remarks from New York Fed President John Williams, Cleveland Fed President Beth Hammack and Fed Board Governor Lisa Cook are expected later in the day.

    (Reuters)

  • Sensex surges past 84,000, Nifty nears 25,650 as markets hit 9-month high

    Source: Government of India

    Source: Government of India (4)

    The Indian stock markets ended on a strong note on Friday, with benchmark indices touching a nine-month high. Investor sentiment remained upbeat as tensions in West Asia eased and reports of a potential ‘great’ India-US trade deal lifted market confidence, encouraging buying across sectors.

    The Sensex climbed 303.03 points, or 0.36 per cent, to close at 84,058.90. It traded within a range of 83,645.41 to 84,089.35 during the day.

    This marked the fourth consecutive session of gains for the benchmark index, indicating a steady upward trend. The Nifty also saw similar momentum, rising 88.80 points, or 0.35 per cent, to end the day at 25,637.80. The index moved between 25,523 and 25,654 during intra-day trade.

    “The Nifty continued to move higher as investor confidence remained strong. With no major resistance seen before the 25,750–25,800 range, the index may continue its upward trajectory,” said Rupak De of LKP Securities.

    He added that a buy-on-dips strategy appears more appropriate at current levels, following the sharp rise in recent sessions. On the downside, support is placed at 25,500; a break below this level could lead to a phase of consolidation.

    The Sensex had last touched the 84,000 mark in October 2024, while the Nifty had previously reached 25,639 on October 3 last year.

    Broader markets also mirrored the bullish sentiment. The Nifty Midcap100 index rose 0.27 per cent, while the Nifty Smallcap100 jumped 0.91 per cent—indicating that investor interest remained strong beyond large-cap stocks.

    Barring the Nifty Consumer Durables, Realty, IT, and FMCG indices, all other sectoral indices on the NSE closed in the green.

    The Nifty Oil & Gas index outperformed both its sectoral peers and the benchmark indices, ending 1.19 per cent higher.

    Volatility also eased, with the India VIX—the market’s fear gauge—slipping 1.60 per cent to settle at 12.39, suggesting growing investor confidence in near-term market stability.

    -IANS

  • MY Bharat portal integrates WhatsApp chatbot to boost youth engagement, service access

    Source: Government of India

    Source: Government of India (4)

    In a major step towards enhancing digital engagement, the Ministry of Youth Affairs and Sports has launched a WhatsApp chatbot integration with the MY Bharat portal, aimed at streamlining access to youth-centric services and boosting participation in national programs.

    The chatbot, now live on the MY Bharat portal and accessible directly via WhatsApp at 7289001515, allows users to explore a range of features such as experiential learning programs, volunteering opportunities, CV creation, mentorship, organisation creation/joining, issue reporting, and platform support. Users can simply initiate a session by sending ‘Hi’ to the WhatsApp number and verifying their identity through OTP.

    Upcoming features will include in-app registrations, media uploads for events, downloadable notifications, reminders, task completion tracking, and delivery of certificates and official documents. The chatbot will also provide real-time updates on government schemes, events, and volunteering opportunities, keeping users informed and involved.

    This integration is part of the government’s broader vision to embed public services into the digital platforms most commonly used by the youth, offering a convenient, mobile-first interface for faster access and interaction.

    MY Bharat, developed by the Department of Youth Affairs and the Digital India Corporation under MeitY, is a technology-driven platform designed to empower India’s youth through the ethos of ‘Seva Bhav’ and ‘Kartavya Bodh’, promoting active participation in nation-building through capacity building, mentorship, and service-oriented initiatives.

  • MY Bharat portal integrates WhatsApp chatbot to boost youth engagement, service access

    Source: Government of India

    Source: Government of India (4)

    In a major step towards enhancing digital engagement, the Ministry of Youth Affairs and Sports has launched a WhatsApp chatbot integration with the MY Bharat portal, aimed at streamlining access to youth-centric services and boosting participation in national programs.

    The chatbot, now live on the MY Bharat portal and accessible directly via WhatsApp at 7289001515, allows users to explore a range of features such as experiential learning programs, volunteering opportunities, CV creation, mentorship, organisation creation/joining, issue reporting, and platform support. Users can simply initiate a session by sending ‘Hi’ to the WhatsApp number and verifying their identity through OTP.

    Upcoming features will include in-app registrations, media uploads for events, downloadable notifications, reminders, task completion tracking, and delivery of certificates and official documents. The chatbot will also provide real-time updates on government schemes, events, and volunteering opportunities, keeping users informed and involved.

    This integration is part of the government’s broader vision to embed public services into the digital platforms most commonly used by the youth, offering a convenient, mobile-first interface for faster access and interaction.

    MY Bharat, developed by the Department of Youth Affairs and the Digital India Corporation under MeitY, is a technology-driven platform designed to empower India’s youth through the ethos of ‘Seva Bhav’ and ‘Kartavya Bodh’, promoting active participation in nation-building through capacity building, mentorship, and service-oriented initiatives.

  • India voices concern over demolition of Durga temple in Dhaka

    Source: Government of India

    Source: Government of India (4)

    India has strongly condemned the demolition of a Durga temple in Khilkhet, Dhaka, calling out the Muhammad Yunus-led interim government for attempting to frame the incident as a case of illegal land use.

    Addressing a press briefing on Thursday, Ministry of External Affairs spokesperson Randhir Jaiswal said, “We understand that extremists were clamouring for the demolition of the Durga temple in Khilkhet, Dhaka. The interim government, instead of providing security to the temple, projected the episode as a case of illegal land use and allowed the destruction of the temple today”

    “This has resulted in damage to the deity before it was shifted. We are dismayed that such incidents continue to recur in Bangladesh. Let me underline that it is the responsibility of the interim government of Bangladesh to protect Hindus, their properties, and their religious institutions,” he added.

    India reminded Bangladesh of its duty to safeguard minorities. “Let me underline that it is the responsibility of the interim government of Bangladesh to protect Hindus, their properties, and their religious institutions,” the MEA spokesperson said.

    (With agency input)

  • Cloudy skies, no rain: Monsoon keeps Delhi waiting; heavy rain forecast for northwest and central India

    Source: Government of India

    Source: Government of India (4)

    The India Meteorological Department (IMD) has reported that conditions are becoming favourable for the further advance of the Southwest Monsoon over the remaining parts of the country within the next two to three days. This development is expected to bring much-needed rainfall to regions still awaiting the seasonal downpour.

    Over the next week, heavy to very heavy rainfall is likely to continue across several parts of Northwest, Central, Eastern, and Northeastern India. Isolated areas, particularly in Saurashtra and Kutch, are expected to experience extremely heavy rainfall on Friday, signalling the monsoon’s growing intensity.

    In Delhi-NCR, the weather is expected to remain active with periodic showers and thunderstorms over the next four days.

    On June 27, Delhi will witness partly cloudy skies with very light to light rain accompanied by thunder and lightning during the afternoon/evening. Temperatures are expected to range between 36°C and 38°C, remaining close to normal. Winds will predominantly blow from the southeast at a moderate pace.

    June 28 will see generally cloudy skies and light to moderate rain with thunderstorm activity during the evening/night. Day temperatures are likely to be slightly below normal, ranging from 35°C to 37°C, while night temperatures will hover between 26°C and 28°C.

    On June 29, the weather will continue to remain cloudy, with light to moderate showers expected throughout the day. Both day and night temperatures are set to drop further, with maximum temperatures ranging between 32°C and 34°C, and minimums between 25°C and 27°C. Winds will shift to a westerly direction in the morning before gradually turning southwesterly and picking up speed in the evening.

    June 30 is forecast to bring similar weather, with continued rain and thunderstorms expected. Temperatures will remain in the range of 32°C to 34°C during the day and 25°C to 27°C at night, slightly below normal for this time of year. Winds will shift direction again, beginning from the west and later turning southerly.

  • President Murmu highlights MSMEs as backbone of inclusive economic growth

    Source: Government of India

    Source: Government of India (4)

    President of India Droupadi Murmu on Friday graced and addressed the MSME Day celebration held in New Delhi, underscoring the critical role played by Micro, Small and Medium Enterprises (MSMEs) in shaping the nation’s economic future.

    Addressing the gathering, the President described the MSME sector as a vital pillar of the Indian economy. She said that MSMEs significantly contribute to the GDP and are instrumental in promoting innovation at the grassroots level. Highlighting the sector’s role in inclusive development, she remarked that MSMEs generate employment at a relatively low capital cost and, more importantly, create job opportunities in rural and backward regions. According to the President, this decentralised model of growth empowers weaker sections of society and strengthens the foundation for sustainable economic development.

    While recognising the sector’s contribution, President Murmu also pointed out the persistent challenges faced by MSMEs. These include limited access to finance, stiff competition from large corporations, outdated technology, shortage of raw materials and skilled labour, restricted market reach, and delays in payment. Acknowledging these hurdles, she emphasised the need for continued support and reform to enable the sector to achieve its full potential.

    The President appreciated the various initiatives undertaken by the Government of India to strengthen the MSME ecosystem. She referred to the revised classification criteria for MSMEs, measures to enhance credit availability, and the policy mandating central ministries, departments, and public sector enterprises to procure at least 35 percent of their annual requirements from micro and small enterprises. She also highlighted schemes like PM Vishwakarma Yojana for skill development of traditional artisans. Expressing satisfaction, she said, “It is encouraging to note that these initiatives have led to a rapid increase in the number of registered MSMEs in the country.”

    She further expressed confidence that the recently launched Online Dispute Resolution Portal for MSMEs will play a crucial role in resolving issues related to delayed payments, a common concern in the sector.

    Underscoring the need for innovation, the President said it was key to the long-term sustainability of MSMEs. “Grassroots innovations can provide affordable and locally relevant solutions to everyday problems using local resources,” she added.

    President Murmu also welcomed the increasing participation of women in the MSME sector. She said that the involvement of more women in entrepreneurship is essential for the holistic development of the country. Urging young women to take up enterprise and become self-reliant, she added, “This is the time for young women to lead from the front.”

    Drawing attention to the environmental aspect of MSME operations, the President pointed out that the sector is responsible for a considerable share of energy consumption and emissions. Stressing the importance of green technologies, she said, “Promoting eco-friendly practices within MSMEs is not just good for business—it is vital for the planet. This will not only improve the competitiveness and sustainability of MSMEs but will also help India move closer to its climate targets.”

  • UN bids to salvage global development summit after US boycott

    Source: Government of India

    Source: Government of India (4)

    Scores of world leaders will be sweltering in the summer sun of southern Spain next week at a once-a-decade United Nations development financing summit aimed at curbing global poverty, disease and the worst-case threats of climate change.

    Despite the scorching temperatures, though, a major chill looms over the event – the decision early this month by the United States, traditionally the world’s largest aid giver and key finance provider, not to show up.

    UN countries want to close a $4 trillion-a-year funding gap they now estimate prevents the developing world achieving the organisation’s Sustainable Development Goals that range from cutting infant death rates to minimising global warming.

    Critics say the promises at the heart of the conference – called the “Seville Commitment” – are nowhere near bold enough.

    The measures, agreed by consensus after a year of tough negotiations, include tripling multilateral lending capacity, debt relief, a push to boost tax-to-GDP ratios to at least 15%, and shifting special IMF money to countries that need it most.

    The run-up, however, has been marred by the U.S. decision to withdraw over what it said was the crossing of a number of its red lines, including the push to triple development bank lending, change tax rules and the use of the term “gender” in summit wording.

    The European Union only joined the summit with reservations, particularly over how debt is discussed within the UN.

    Speaking to reporters this week, U.N. Deputy Secretary-General Amina Mohammed described Washington’s boycott as “regrettable”, especially after its “catastrophic” recent aid cuts that she said had cost lives and livelihoods.

    Speaking alongside officials from summit host Spain and Zambia, which has helped organise it, she said the final outcome document agreed reflected both “ambition and realism” and that the U.N. would try to re-engage the U.S. afterwards.

    Remy Rioux, chief executive officer of the French Development Agency, said Washington’s withdrawal had not been a total surprise given Donald Trump’s views. The hope is that agreements next week will allow bolder action at the UN climate talks in Brazil in November.

    “We will push for the new framework… (and) its operationalisation from Seville to Belem,” he added, referring to the Brazilian city that will host COP30.

    AID IN DECLINE

    Other measures to be announced include multilateral lenders automatically giving vulnerable countries the option to insert repayment break clauses into their loans in case of hurricane, drought or flood.

    Another buzz phrase will be a “Global SDR playbook” – a plan where the wealthiest countries rechannel the IMF’s reserve-like Special Draw Rights they hold to the multilateral banks, who then leverage them as capital in order to lend more.

    Campaigners warn that it will fall far short of what is needed, especially as more than 130 countries now face critically high debt levels and many spend more on repayments than on health or education.

    Aid and support from rich countries, who themselves have rising debts, is dropping too.

    In March, the U.S. slashed more than 80% of programmes at its USAID agency following federal budget cuts spearheaded by billionaire Elon Musk. Britain, France, Germany, the Netherlands and Sweden have all made cuts in recent years too.

    The OECD projects a 9–17% drop in net official development assistance (ODA) in 2025, following a 9% decline in 2024.

    It looks set to hit the poorest countries hardest: bilateral ODA to least developed countries and sub-Saharan Africa may fall by 13-25% and 16-28% respectively, the OECD estimates, and health funding could drop by up to 60% from its 2022 peak.

    So what would be a good outcome in Seville, especially given the U.S. pull-out?

    “We should make sure we are not backtracking at this point,” said Orville Grey at the International Institute for Sustainable Development, referring to funding commitments. “We should at least remain stable.”

    (Reuters)

  • India exports first consignment of rose-scented litchi from Pathankot to Qatar

    Source: Government of India

    Source: Government of India (4)

    In a boost to India’s horticultural exports, the first consignment of rose-scented litchi from Pathankot, Punjab, was flagged off to Doha, Qatar, on Friday. The one-metric-tonne consignment marks a major milestone for India’s agri-export sector and was facilitated by the Agricultural and Processed Food Products Export Development Authority (APEDA) under the Ministry of Commerce & Industry, in collaboration with the Punjab Horticulture Department.

    Additionally, a separate 0.5-metric-tonne shipment was exported to Dubai, UAE, further strengthening India’s footprint in global fresh fruit markets.

    The premium litchis, supplied by progressive farmer Prabhat Singh from Sujanpur, were shipped in refrigerated pallets to ensure freshness. This initiative highlights the export potential of Pathankot, which benefits from ideal agro-climatic conditions for litchi cultivation.

    According to the National Horticulture Board, Punjab produced 71,490 metric tonnes of litchi in FY 2023–24, contributing over 12% to India’s total litchi output. During the same period, India exported 639.53 metric tonnes of litchi.

    With India’s fruit and vegetable exports reaching USD 3.87 billion in FY 2024–25—a 5.67% increase over the previous year—products like litchi, cherries, and jamun are gaining growing acceptance in international markets, alongside traditional favourites like mangoes, bananas, and grapes.

    The government’s continued efforts to support farmers, promote value-added agriculture, and expand global market access through APEDA are paving the way for India to emerge as a leading exporter of high-quality horticultural produce.