Cloud over SEBI chief : BJP rejects JPC probe
The Bharatiya Janata Party ( BJP ) and Congress continued to spar over the Hindenburg report on alienation against SEBI chief Madhavi Puri Buch .
Congress is demanding a Joint Parliamentary Committee ( JPC ) probe into the allegations .
BJP on Monday refused Congress demand of JPC . The BJP alleged that congress was part of “ wider conspiracy “ involving Hindenburg research and “ a tool kit “ gang to destabilise the Indian economy , crash the economic market and to create economic anarchy in the country .
However , investors had seen through the plot as the markets remained stable , BJP spokesperson Ravi Shankar prasaad said in a press conference .
Mr Prasad said that billionaire “george Soros “ is an investor in Hindenburg and is known to be “ running a propaganda against the government led by PM Narendra Modi “ .
Stock market remains calm
Opening the first Hindenburg report alleging SEBI chief to be involved in corruption , the stock market remained stable on Monday .
The BSE index closed at a minor loss of 57 points ( .07 % ) at 79,649 points . While NSE’s NIfty 50 closed with a loss of 20.50 points (. 08% ) at 24,347 .
Adani group’s stock was burnt and lost an estimated 13.4 billion dollars in value . Eight of 10 Adani group stocks closed with losses .
The losses were between ( .65 % to 4.14% ) .
In January 2023 , when the Hindenburg report was published , its stocks had crashed more than 10 % each . The group had lost 104 billion dollars in Market value .
Statistical effect pulled inflation to 59 month low of 3.54 % in July
Inflation in July came to a 59 month low to 3.54% . In June it was 5.1% .
The food price inflation moderated to a 13 month low to 5.4% from earlier 9.4% .
Core inflation rose from 3.1% in June to 3.4% in July .
Urban inflation dropped just below 3% in July from 4.4% in June .
Rural inflation came down to 4.1% in July from 5.7% in July .
This marks the first time after a long time that inflation has come below 4% .
India’s Monetary policy aims to keep inflation near 4%.
Headline inflation = Inflation = Energy + Food + Other
Core inflation = inflation not including inflation in Food and Energy .
Anti terror operations continue in Kishtwar , Anantnag , Udhampur
Anti terrorist operations in Anantnag , Kishtwar and Udhampur continued for a third day on Monday .
In Anantnag the terrorists are using topography and Jungles in the region to hide.
Currently there are three to four terrorists still hidden in the area . Earlier two security personnel and one civilian had died in exchange of fire .
The terrorists are still hiding and have not been cracked up yet in Udhampur and Kishtwar as well . At both places two to three terrorists and one civilian died .
Take steps to reopen Shambhu border , SC tells Punjab , Haryana
The Supreme Court on Monday urged the Punjab and Haryana government to work together towards a phased opening of the Shambhu border .
Shambhu border is at Punjab Haryana border .
A bench led by Justice Suryakant Misra orally approved the two states suggestion of names to fill a ‘ neutral ‘ panel to open negotiation with
agitating farmers . The court agreed to pass a judicial order about the panel .
The border has been blockaded by Kisan Protesters since February . In February farmers were given a call to mobilise in Delhi by the Kisan Mazdoor Morcha ( KMM ) and Samyukta Kisan. morcha ( SKM ) . This was about farmers demand of legal guarantee of MSP and waiver in farm loans .
Haryana police blocked them at Shambhu border between Punjab and Haryana. Farmers parked their vehicles, blocked the highway and started living in tents .
Earlier Punjab and Haryana High court had ordered to remove police barricades within a week. The Haryana government moved to the Supreme Court ( SC ) against this order .
SC on Monday noted that “ highways are not parking spaces “ for tractors and heavy duty vehicles . And it was essential to at least partially open the main highway to facilitate the movement of medical emergency vehicles , local people travelling .
Their right to free movement had to be protected .
SC declines petition for against decision for fresh UGC NET exam
A three judge bench of the Supreme Court on Monday refused to entertain a plea against the Education ministry’s decision to conduct UGC NET examination on August 21 .
The ministry has cancelled the June 18 exam after finding that the exam was compromised .
The Home Ministry cyber cell had said that question papers were leaked on the darknet . A CBI enquiry was ordered by the Ministry of education .
Cancelling the 47 field , SC said that it did not want to introduce chaos and uncertainty by passing any order against the government in this case .
NCERT finds several shortfalls in functioning of Kasturba Balika Vidyalaya
NCERT submitted its report on the functioning of Kasaturba Gandhi Balika Vidyalaya ( KGBVs ) to the ministry of education on Monday.
254 KGBVs were covered during evaluation .
Lack of transparency in the utilisation of funds , weak infrastructure, shortage of teachers , low salary of teachers and concerns about safety of teachers are among challenges identified in the evaluation .
Of the 5639 approved KGBVs , 4260 are fully functional , 799 partially functional and 580 are completely non-functional as of June 30 , 2023 according to the report .
A greater percentage of non-functional KGBVs are in Bihar ( 132 ) followed by Andhra Pradesh ( 88 ) , Jammu and Kashmir ( 84 ) , UP ( 78 ) .
In all 6 ,88,013 girls are enrolled from classes 6 to 12 in 5035 KGBVs .
KGBVs provide residential school facilities for girls of weaker sections . 75 % of the admission has been reserved for SCs , STs , OBCs and girls from weaker sections. 25% seats are reserved for girls below the poverty line .
The class covered under this is from class 6 to 12.
Seven killed in stampede at temple Bihar’s Jehanabad
At least seven persons were killed and 16 others injured in a stampede at Baba Siddheshwar Nath temple in Jehanabad district of Bihar.
The number of deaths is expected to increase .
The temple was full of devotees on Monday , as it is Srawan month , and devotees gather more in number on Monday .
World
Iran could launch ‘ significant ‘ attack on Israel this week : US
Iran could launch a “ significant “ attack on Israel later this week , the white House said on Monday .
“ We have to be prepared , what could be a significant set of attacks “, National Security Advisor spokesperson John Kirby told reporters..
He further informed that Joe Biden has called leaders of France ,Germany , Italy and Britain on Monday to discuss growing tension .
Iran had vowed to avenge the killing of Hamas chief Ismail Haniyeh .
Russia evacuated two border regions as it fights Ukrainian forces
Russia has ordered the evacuation of two other border districts near Kursk .
This has come after last week’s incursion by Ukrainian forces in Kursk . Fight between the two forces is still going on in Kursk .
Around 18,000 people from the border areas of Kursk have already been evacuated .
Border areas of Belovsky and Krasnoyarzhsky have been ordered fresh evacuation orders .
This will account for around 76,000 people being ordered for evacuation .
Bangladesh is experiencing a student led revolution : Yunus
Bangladesh’s new interim leader Mohammad Yunus on Sunday in a media briefing said that the country was “ experiencing a student-led revolution “ .
“ This is a revolution , a student-led revolution. “
“ There is no doubt about ( that ) because the business of whole government has collapsed “
“ I said ,’ I respect you , I admire you . What you have done is absolutely unparalleled “ .
said Mr Yunus .
Students and young people have played pivotal roles around the world that have brought down governments and forced change in government policies .
The March 2022 uprising in Sri Lanka that saw participation by young people over price rise and economic crisis led to the fall of president Gotabaya Rajpaksha .
Student protests in Greece led to the fall of military rule in 1973 .
Split of Czechoslovakia in 1992 was also led by protests in which young people participated in large numbers leading to regime change and formation of Slovakia as a new country .
The fuel behind the protest however can differ . Speculation that there were foreign hands in the Bangladesh protest can not be totally rejected .
