IMF flags a common link between India and China's growth stories as it revises Asia outlook
The report said that in China and India, public investment made a significant contribution supporting growth. In emerging markets, growth was supported primarily by strong private demand. In China and, especially, India, public investment made an important contribution, it said. Key Points
Economic TimesAsia’s growth outlook remains positive despite external uncertainties, says ADB
The Asian Development Outlook 2024 report suggests that policymakers in the region should monitor a number of risks. These include escalating conflicts and geopolitical tensions. Key Points
ThePrintUkraine hits Russian city and oil refinery
The Ukraine war has cast a shadow over voting in the three-day presidential election, which is all but certain to hand Putin six more years in the Kremlin but has been marked by scattered acts of protest. The head of the electoral commission, Ella Pamfilova, said there had so far been 20 incidents of people trying to destroy voting sheets by pouring various liquids into ballot boxes, as well as eight cases of attempted arson and a smoke bomb. Key Points
Economic TimesPolicy coordination can boost e-commerce across the Asia Pacific region
Supported by a growing middle class, widespread internet-and-mobile adoption and a digital payments revolution, e-com is booming in the region. What we need now is an APAC forum led by India for regional cooperation and policy harmonization that would work to the benefit of sellers and buyers alike. Key Points
mintInterest rates, borrowing costs in APAC to stay high this year, says Moody’s
Moody's predicts that interest rates in the Asia-Pacific region will remain elevated this year, despite moderating inflation. Central banks will adopt a slower pace of monetary tightening, but occasional rate increases may be necessary to guard against inflationary pressures. While the median inflation rate in the region is expected to decline, borrowing costs will stay elevated due to benchmark policy rates remaining above the levels of the last decade. Key Points
Economic Times
Meet the 2024 European Cultural Capitals
Bodo in Norway, Tartu in Estonia and Bad Ischl in Austria all share the European Capital of Culture title. Ai Weiwei and Conchita Wurst will be part of program. | Travel Key Points
Hindustan TimesUP ex-DGP announces new party to fight for Bundelkhand statehood. 'Only fear of cutting votes will work'
Sulkhan Singh, who was 1st DGP under Yogi 1.0 govt, says party once registered may field candidates in 2024. He's also open to supporting BJP if they guarantee separate state. Key Points
ThePrint6 Ukrainians killed in Russian strikes
Six persons have been killed in Russian attacks on Ukraine in the past 24 hours, local officials reported on Sunday. Two persons were killed and three more injured in Kherson after more than 100 shells bombarded the region over the weekend, local governor Oleksandr Prokudin wrote on social media. Key Points
The Tribune IndiaTwin earthquakes hit Nepal, tremors felt in Delhi NCR
Strong tremors were felt across Delhi-NCR, soon after an earthquake with a magnitude of 6.2 on the Richter Scale hit Nepal at 2:51 pm today, the National Centre for Seismology said. Earlier, an earthquake with a magnitude of 4.6 on the Richter Scale hit Nepal at 2:25 pm. Tremors were felt across Delhi, Punjab and nearby regions. Key Points
Economic TimesNortheast India is witnessing surge in infrastructure development: FICCI President
Northeast India is witnessing a surge in infrastructure development, said Subhrakant Panda, President of Federation of Indian Chambers of Commerce and Industry (FICCI). Lack of connectivity had hindered the region's development earlier, but now the focus is on capital expenditure and increasing per capita income. Assam plays a crucial role in the development of the region with a significant position in India's Act-East Policy. Key Points
Economic Times
Russia's Rostov, seized by rebels, is important commodity hub
Following are facts about oil, gas and grains flows in Russia's southern region of Rostov, where the capital Rostov-on-Don was seized by Russian mercenaries. President Vladimir Putin vowed on Saturday to crush what he called an armed mutiny after rebellious mercenary chief Yevgeny Prigozhin said he had taken control of Rostov-on-Don. Key Points
Economic TimesCyclone Biparjoy effect: Chandigarh to see light to moderate rain from June 17
Due to the cyclone, South Westerly winds are now active in the region. These will affect the Western Disturbance which is already affecting the region and is likely to intensify its effect. Chances of rain will continue till the end of the week Key Points
Hindustan TimesRussia-Ukraine Conflict: Russian freight train derails after hitting 'explosive device'
An unidentified explosive device went off, as a result of which a locomotive of a freight train derailed, Bryansk governor Alexander Bogomaz said on Telegram. The apparent attacks came a day after a Ukrainian strike killed four people in a Russian village in the Bryansk region and as Kyiv prepared for a widely expected counter-offensive. Key Points
Economic TimesHow India is boosting its strategic & economic ties with distant Latin America, Caribbean
Trade interests in Latin America & Caribbean mainly concern edible oil, gold, critical minerals. Diaspora in Suriname, Guyana, Trinidad & Tobago helped but India still behind China. Key Points
ThePrintNagorno-Karabakh ceases to exist as Azerbaijan takes over, forcing thousands of Armenians to flee
Ethnic Armenians flee after Azerbaijan reclaims Nagorno-Karabakh following military operation on 19 Sept. Crisis is one of the largest displacement of people since the Soviet fall in 1991. Key Points
ThePrint
Casualties in Donetsk mount as Russia, Ukraine fight for Bakhmut
Ukraine forces control west of the now ruined and nearly deserted Bakhmut, while Russia's Wagner Group controls most of the eastern part. Russia's defence ministry said its forces were conducting further military operations in the Donetsk region which, together with adjacent Luhansk region, makes up Donbas. Key Points
India TodayGrowth of Asian emerging, developing economies to be credit strengths for many govts in APAC: S&P
S&P Global Ratings predicts that Asian emerging and developing economies will remain a credit strength for many governments in the region, with 19 out of 21 countries receiving a sovereign rating in the Asia-Pacific region having a stable outlook. The agency expects stable outlooks on most long-term foreign-currency sovereign ratings in the region, with few changes expected in the next year or so. Key Points
Economic TimesPunjab bandh: Shops across Doaba region shut, lukewarm response seen in other parts of state
In the Doaba region, which includes Jalandhar, Kapurthala, Hoshiarpur and SBS Nagar districts, most commercial establishments remained shut and market areas wore a deserted look. The transportation facilities, however, saw no impact. Key Points
Hindustan Times9 dead, thousands homeless, Formula One race cancelled as floods ravage northern Italy
As many as nine people died and thousands were homeless after devastating floods battered the regions of northern Italy. The Formula One Grand Prix race was also cancelled in view of the calamity. Key Points
India TodayLok Sabha Election 2024: ‘Find out what Modi is..,’ PM Modi says, ‘I planning for 2047’
Prime Minister Narendra Modi is focused on long-term planning for 2047, prioritizing results over attention-seeking headlines. He emphasized making India a Viksit Bharat and highlighted the government's increased attention to the Northeast region since 2014. Key Points
mint
S Jaishankar, Iran president Ebrahim Raisi discuss Red Sea attacks, Gaza situation
During the meeting, Raisi is understood to have underscored what Iran felt as the root cause of the current volatile situation in West Asia. The cessation of the attacks on Gaza, the punishment of the Zionist regime, and the realisation of the rights of the Palestinian people are the only solutions for the return of stability and security to the region. India's role in ending the bombardments, lifting the siege on this region, and upholding the rights of the Palestinian people is crucial, Raisi told Jaishankar. Key Points
Economic TimesDifferent culture, different factors: Issues swing widely across six regions in Madhya Pradesh ahead of po
The state, which witnessed first non-Congress government as early as in 1967, has been a BJP bastion for last two decades. The Congress tally did surpass that of the BJP in the last assembly polls and it formed government after 15 years. However, BJP later managed to form government following defections from Congress. Key Points
Economic TimesWHO warns Covid 'has not gone away'
The World Health Organization's European office has warned that Covid-19 remains responsible for nearly 1,000 deaths a week across the region, which comprises 53 countries. An underestimate, the death figures are due to a drop in the number of countries regularly giving the WHO Covid-19 death statistics. WHO Regional Head also noted that an estimated one in 30 people or 36 million in the region had experienced long Covid in the last three years. Key Points
Economic TimesFull circle for Odisha IAS officer | From kidnap in the Cut-Off area to development in Swabhiman Anchal
R. Vineel Krishna’s return to the very place from where he was abducted by armed cadres of CPI (Maoist) on February 16, 2011 finally revealed the transformation which he had hoped to bring about as a young collector of the Maoist-affected Malkangiri district. Key Points
The HinduRussia claims it destroyed 11 Ukrainian drones overnight
Russia claimed that it destroyed 11 Ukrainian aerial vehicles overnight by air defence systems on duty. One of the drones dropped 2 explosives on a sub-station. | World News Key Points
Hindustan Times