✈INTERNATIONAL NEWS
1. India has extended an unprecedented support of over 3.8 billion US dollar this year itself for ameliorating the serious economic situation in Sri Lanka. In response to media queries on the situation in Sri Lanka, External Affairs Ministry Spokesperson Arindam Bagchi said, India will continue to follow closely the recent developments in Sri Lanka.
2. All current account transactions including trade transactions with Sri Lanka may be settled in any permitted currency outside the Asian Clearing Union (ACU) mechanism until further notice, the RBI said.
3. The ACU facilitates payments among member countries on a multilateral basis, thereby economising on the use of foreign exchange reserves and transfer costs. Currently, it has nine members.
4. PM Narendra Modi conveyed his greetings to Bangladesh PM Sheikh Hasina on Eid-al Adha on Sunday.
5. India’s second-largest pharmaceuticals firm Aurobindo Pharma is planning to significantly reduce raw material imports from China to mitigate the risk of supply chains disruptions.
🌎WORLD NEWS🌍
1. SriLanka: Army Chief General Shavendra Silva seeks people’s support to maintain peace as the island nation grapples with an unprecedented economic crisis.
Four ministers have resigned from the cabinet over the last two days amid the unrest.
2. Sri Lankan parties agree to form all-party interim government after President Rajapaksa’s resignation.
3. Embattled President Gotabaya Rajapaksa, whose location is still unknown since the protesters overran both his office and the official residence, has ordered officials to ensure the smooth distribution of cooking gas after the fuel-starved country received 3,700 metric tonnes of LP gas,
4. The Russian Defence Ministry on Sunday claimed that its forces have struck two Ukrainian military hangars that were storing US-made M777 howitzer guns.
5. Authorities in Singapore have arrested a 45-year-old man for inciting violence after the accused posted a comment against PM Lee Hsien Loong on social media.
6. After Sri Lanka and Zambia defaulted on their sovereign reserves and are also left with no forex reserves, Pakistan could be among the next lot of countries to face a difficult time, according to international rating agencies.
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Ch Narmada Naveen Kumar |
