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Breaking News HIGHLIGHTS — Centre Allows 2,000 Agri Credit Societies To Open Jan Aushadhi Stores

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Breaking News HIGHLIGHTS — Centre Allows 2,000 Agri Credit Societies To Open Jan Aushadhi Stores

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Breaking News HIGHLIGHTS: Hello and welcome to the ABP Live Breaking News Live blog. Please follow this space for all the breaking news and latest updates from India and around the world.

RBI MPC Meeting On June 6-8

The RBI's Monetary Policy Committee recently announced that they will maintain the repo rate at 6.50%, following a 250 bps increase since May of the last year. The State Bank of India anticipates that the repo rate will remain the same during the upcoming June 6-8 meeting. Furthermore, it was mentioned that there could be a potential downward revision in the inflation projections for the fiscal year 2024.

SBI has declared ahead of the MPC meeting that it foresees a certain outcome. It expects: “RBI to pause in June policy”. It stated that it believes that “at 6.50 per cent, we are in for a prolonged pause."

The report cited the statement of the Reserve Bank of India which indicated that the halt in interest rates was a momentary measure.

“With sizeable banking failures across AEs, and a fair probability of contagion spreading across markets despite concerted action from policy makers/regulators to check the same, RBI’s endeavor to sidestep from synchronous rate hike was a courageous gambit, especially since climate risk could upend inflationary projections,” said the SBI report. 

“The stance could continue to be withdrawal of accommodation, as liquidity has turned into significant surplus mode,” it further added. 

Samsung Galaxy F54 5G To Be Launched In India On June 6

The highly anticipated release of the Samsung Galaxy F54 5G is scheduled for June 6th in India. The mid-level smartphone will be available for purchase on both Flipkart and Samsung's authorized website. Samsung has disclosed important information about the camera features of their forthcoming smartphone.

Pre-orders for the smartphone can now be placed in India through Samsung's official website as well as Flipkart. Potential customers can secure their booking for the smartphone in advance by paying a sum of Rs 999, which will later be subtracted from the total amount during the final purchase. They will additionally qualify for receiving benefits of a value up to Rs 2,000.

20:14 PM (IST)  •  06 Jun 2023

Maharashtra: Three Killed, 2 Injured Due To Falling Debris From Under-Construction Building

Maharashtra | 3 labourers died and 2 labourers were injured due to falling debris from the building being re-developed in Virar area of Palghar district. Treatment is going on in the nearest hospital.

19:15 PM (IST)  •  06 Jun 2023

Centre Allows 2,000 Agri Credit Societies To Open Jan Aushadhi Stores

Under the leadership of Prime Minister Narendra Modi, the Government of India has decided to allow 2000 Primary Agricultural Credit Societies (PACS) to open Pradhan Mantri Bhartiya Jan Aushadhi Kendras across the country: Ministry of Cooperation

18:08 PM (IST)  •  06 Jun 2023

11 IAS Officers In Karnataka Transferred

11 IAS officers in Karnataka transferred, official orders issued.

15:29 PM (IST)  •  06 Jun 2023

TN CM Postpones Opening Of Schools Due To Severe Heat, To Open On June 12

Chief Minister MK Stalin orders that the reopening of schools is postponed to protect the health of students from the effects of rising temperature. Schools will reopen for classes 6th to 12th from June 12 and for classes 1st to 5th from June 14: Tamil Nadu School Education Department
 
 
 
15:28 PM (IST)  •  06 Jun 2023

If Someone Is Not Paying Tax, We Send Them Notice: Hardeep Puri On I-T Searches At BBC Officie Isse

Union Minister Hardeep Singh Puri speaks on BBC; says, "...Our laws are very transparent. If someone is not paying tax & we send them notice, they say it is an issue of Freedom of the Press...I would not like to go into details but some of their actions in the past made it seem that they were in the hands of people with an agenda on India..."

14:49 PM (IST)  •  06 Jun 2023

Pope Francis In Hospital In Rome's Gemelli For Check-Up: Report

According to Reuters, Pope Francis has gone to Rome's Gemelli hospital for a check-up, ANSA news agency reported on Tuesday, quoting what it said were sources with knowledge of the matter.

Notably, the pope spent five days in hospital earlier this year with a lung infection and last month skipped audiences due to a fever.

14:15 PM (IST)  •  06 Jun 2023

'Can't Go With Congress Because Of Operation Blue Star': SAD Leader Maheshinder Grewal On 2024 LS Polls

Maheshinder Singh Grewal, Shiromani Akali Dal on 2024 polls: "We can't go with Congress because of Operation Blue Star. If BJP comes to this conclusion that partners should be given due respect then nothing is impossible in politics." 

15:06 PM (IST)  •  06 Jun 2023

Security Forces Conduct Search Ops In Sugnu-Serou Of Manipur After Last NIght's Exchange Of Fire

Security forces are conducting search operations in Sugnu-Serou of Manipur after an exchange of fire with insurgents last night, says Indian Army, reported ANI.

"Inputs indicate casualties to insurgents. This is being verified on the ground. During preliminary search-two AK series rifles, one 51mm mortar, two carbines, ammunition & warlike stores were recovered from the general area. Operations to sanitise the area is in progress," as per Indian Army.

It said, as per ANI, "Additional seven columns (5 of Assam Rifles & 2 of BSF) were re-deployed in the area to beef up ongoing area domination operations, ambushes & measures to prevent arson/ violence in past 48 hours. Operations are a result of extensive area domination by Security Forces in Sugnu/Serou in Manipur."

13:20 PM (IST)  •  06 Jun 2023

'Priority Is To Develop Our Party On Our Own': JD(S)'s HD Kumaraswamy On Party Contesting 2024 LS Polls

JD(S) leader HD Kumaraswamy responds to questions about JDS going with BJP in the 2024 Lok Sabha polls. He said, "Our priority is to develop our party on our own. Let us see."

"If national parties think they have already finished JD(S) then they are in fool's paradise. We will organise our party. I know what will be the performance of Congress govt. I know how they will go with good governance," he added.

13:15 PM (IST)  •  06 Jun 2023

Showcasue Notice Issued To Company, Action Will Be Taken: Bihar Dy CM Tejashwi On Bridge Collapse Incident

Bihar Deputy CM Tejashwi Yadav on the Aguwani-Sultanganj bridge collapse in Bhagalpur: "A showcause notice is being issued to the construction company. The bridge will be constructed in a time-bound manner as it is a dream project of CM. A showcase notice is being issued to the construction company, and action will be taken against those found responsible. When I was in opposition, I had raised the issue regarding pillar number 5 of the bridge."

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