This week in India, the Securities and Exchange Board of India (SEBI) imposed a five-year ban on Anil Ambani for his involvement in the RHFL loan scandal. Meanwhile, the Maharashtra government was stopped from organizing a bandh due to the Badlapur sexual assault case. In global news, the US Federal Reserve hinted at potential interest rate cuts.
The Maha Vikas Aghadi (MVA) coalition in Maharashtra has announced a state-wide bandh on August 24th to protest the alleged sexual assault of two young girls at a school in Badlapur. The bandh is supported by the Congress, Shiv Sena (UBT), and NCP, and aims to raise awareness and pressure the government to take action. While the government has not officially endorsed the bandh, public transport is expected to operate as usual. Banks, however, will be closed due to it being the fourth Saturday of the month.
