News India

🎉 Events in Culture and Region
Teej Yatra celebrations in Jaipur: The Teej Mahotsav celebrations, which combine tradition and contemporary spectacle, are taking place from July 27 to July 28. They include a colorful royal procession through famous city landmarks and a Maha Aarti at Chhoti Chaupar.

Sikkim bank holiday: In honor of Drukpa Tshe‑zi, a significant Buddhist holiday, Sikkim’s public and private banks will be closed on July 28. ATM and digital services are still accessible.

Important Regional & National News
Assam evictions increase: Authorities in Assam increased their evictions of Muslims who speak Bengali and are suspected of living unlawfully on government land in the run-up to the state elections. Approximately 3,400 homes were demolished in July alone, forcing thousands of people to relocate. Humanitarian concerns have been voiced by rights groups.

Anti-Maoist operation in Chhattisgarh: Four Maoist commanders were killed in an encounter with security personnel in the Bijapur area, receiving ₹17 lakh in rewards. Since January 2024, operations have removed 425 diehard Maoists to far.

India-UK trade deal rollout: In order to raise awareness and assist companies in maximizing benefits, the Indian government is undertaking 1,000 outreach programs over the next 20 days after the Comprehensive Economic and Trade Agreement was signed on July 24.

Exhibition of Maharashtra artisans and jewelers: At a gem and jewelry display in Mumbai, authorities demanded more robust government assistance for India’s artisan base, which consists of roughly 3 lakh jewelers and 15 lakh Karigars, including infrastructure support, tax breaks, and social security. Through July 30, the exhibition, which showcases jewelry valued at ₹7,000 crore, is anticipated to draw 5,000 people every day.

Telangana cabinet meeting: The state cabinet will begin long-overdue panchayat elections (as mandated by a court), deliberate on a proposed 42% reservation for Backward Classes in local authorities, and examine important reports.

💼 Market and business outlook: Last week, the Indian rupee closed at ₹86.5150/USD. Bond markets remain cautious ahead of the August 1 U.S. Federal Reserve meeting and impending tariffs.
It is anticipated that the yield on India’s 10-year government bonds will fluctuate between 6.31% and 6.38%. On August 6, investors await the RBI’s policy rate announcement.

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