A series of significant events are unfolding in India today, encompassing political developments, economic trends, and a tragic crime.
PM Modi’s Visit to Ukraine
Prime Minister Narendra Modi is scheduled to visit Ukraine on August 23rd for an official visit, according to a statement from the Ukrainian presidency. This will be Modi’s first trip to the war-torn nation and comes as a sign of India’s continued engagement in the conflict. The visit will involve discussions with Ukrainian President Volodymyr Zelenskyy and the signing of several important agreements.
Stock Market Update
India’s benchmark indices, the Sensex and Nifty 50, closed with slight changes today, amidst profit booking and mixed global cues. Investors are closely watching the approaching Federal Reserve meeting, which is expected to influence global market trends. The day saw gains in metal, PSU bank, and energy stocks, while banking and auto stocks experienced some profit booking. This comes after Wall Street experienced its best week since November, culminating in a slight increase in US equities on Friday.
Doctor’s Murder in Kolkata Sparks Outrage
The alleged rape and murder of a post-graduate intern doctor at RG Kar Hospital in Kolkata has sparked widespread outrage and protests. Junior doctors marched from Calcutta National Medical College to Kolkata Police Headquarters, demanding justice for the victim. In another part of the city, medics formed human chains blocking roads, expressing their grief and anger. The CBI has received approval to conduct a polygraph test in the case. The BJP has demanded the resignation of West Bengal Chief Minister Mamata Banerjee, blaming her for the deterioration of law and order in the state.
Other News
In Karnataka, the High Court provided relief to Chief Minister Siddaramaiah in connection with an alleged MUDA (Mysuru Urban Development Authority) scam. The court deferred all proceedings related to the case after Governor Thaawarchand Gehlot’s recent sanction to prosecute him. The IPO of Interarch Building Products has witnessed strong demand on its first day of bidding, with both retail and non-institutional investors fully subscribing their allotted portions. The Comptroller and Auditor General (CAG) has recommended that the Finance Ministry identify high-risk taxpayers within the GST composition scheme to prevent tax evasion. The CAG’s recommendation involves using third-party data to verify declared sales figures and ensure compliance with tax regulations.
