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Daily News Wrap – BILKULONLINE

Top National News Updates  

  1. IMD forecasts below-normal rainfall in July after India records one of its driest Junes since 1901, raising concerns over agriculture and food inflation.
  2. Monsoon deficit reaches nearly 40% in June, affecting sowing of rice, cotton, soybean and maize across several states.
  3. India expands UPI to Greece, enabling Indian travellers and businesses to make seamless digital payments in another European nation.
  4. RBI’s Financial Stability Report says geopolitical risks have eased following the West Asia peace deal but advises vigilance over household debt and retail lending.
  5. RBI flags early stress among micro enterprises, urging close monitoring of retail loans and funding costs for banks.
  6. Weather Department advises farmers to adopt water conservation measures as July rainfall is expected to remain below normal.
  7. Indian markets remain cautious as weak monsoon concerns offset optimism from easing Middle East tensions.
  8. Commerce Ministry highlights India’s growing digital payments footprint with UPI’s continued international expansion.
  9. BRICS Chamber of Commerce & Industry appoints Sharmishtha Ghosh as Executive Director for International Partnerships during India’s BRICS presidency.
  10. Government and financial institutions continue monitoring rural economic conditions amid delayed rainfall and its impact on crop production.

Top  International News Updates

  1. Europe battles an intense heatwave, with several countries reporting record temperatures and heat-related fatalities.
  2. The United States and Iran continue diplomatic efforts to maintain a pause in hostilities, easing fears of wider regional conflict.
  3. Global financial markets monitor U.S. economic data as Treasury yields edge higher ahead of key employment reports.
  4. Global agriculture markets closely watch India’s monsoon, given its significance for food supply and commodity prices.
  5. India’s digital payment ecosystem gains another international milestone with Greece joining the UPI network.

💬 Quote of the Day

“Success doesn’t come from what you do occasionally; it comes from what you do consistently.” – Marie Forleo

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