A series of events are set to take place across various sectors today, from politics to business. Here’s a rundown of the top news headlines:
Budget 2024 Announced
Finance Minister Nirmala Sitharaman will present the highly anticipated Union Budget on July 23. President Droupadi Murmu approved a proposal to summon both houses of Parliament between July 22 and August 12. This will be the first budget presented by the Narendra Modi-led government since its re-election for a record third term earlier this year.
Building Collapse in Gujarat
Several people were injured on Saturday after a multi-storey building collapsed in Surat, Gujarat. One individual has been rescued, and several others remain trapped under the rubble. The incident took place in the Sachin area of Surat. A rescue operation is underway with police and fire department teams present at the spot.
RBI Imposes Penalties on Banks
The Reserve Bank of India (RBI) penalized five banks, including Punjab National Bank (PNB), with various RBI directions, according to The Economic Times. PNB received a penalty of ₹ 1.31 crore, making it the fifth bank to face action from the banking regulator.
India’s Possible Absence from Champions Trophy 2025
The draft dates for the upcoming ICC Champions Trophy 2025 in Pakistan have been released, but reports suggest that the Indian men’s cricket team may not travel to Pakistan next year. According to Sports Tak, the Men in Blue might not participate in the ICC Champions Trophy, which is scheduled to take place from February 19 to March 9, 2025.
Investigation Approved Against Jailed AAP Leader
Delhi L-G VK Saxena approved an investigation under the Prevention of Corruption (PoC) Act against jailed former Delhi Health Minister Satyendar Jain in a bribery case. Satyendar Jain is accused of receiving a ₹ 7 crore bribe in connection with a ₹ 571 crore project for the installation of CCTVs in 70 Assembly constituencies.
NEET-UG 2024 Counselling Update
Counseling for the National Eligibility cum Entrance Test-Undergraduate (NEET-UG) 2024 has been deferred and is expected to start by the end of July, according to PTI. The counselling session was initially planned to begin in the first week of July, but the date has not been announced yet.
PM Modi Speaks with UK Prime Minister
Prime Minister Narendra Modi spoke with his new United Kingdom counterpart Keir Starmer on Saturday and congratulated him on his election victory. PM Modi also extended an invitation to PM Starmer for an early visit to India. Both leaders have agreed to stay in touch.
Nvidia Stock Downgraded
Nvidia Corp.’s stock uptrend rally since the beginning of last year has finally slowed down, according to Pierre Ferragu, an analyst at New Street Research. New Street Research downgraded Nvidia’s stock to a neutral rating from a buy rating, citing concerns over the stock’s valuation. The chipmaking giant’s shares surged 154 per cent this year following a 240 per cent gain in 2023.
