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News Highlights provides you with the best compilation of the Daily News Highlights taking place across the globe: National, International, Sports, Science and Technology, Banking, Economy, Agreement, Appointments, Ranks, and Report and General Studies
1.
The Trump administration Wednesday proposed 12.5% tariffs on India and 53 other countries, including China, the UK and Japan, after a United States Trade Representative (USTR) trade investigation under Section 301 of the US Trade Act of 1974 declared that these countries have failed to impose a legal prohibition on "importation of goods produced wholly or in part with forced labour". The proposed tariffs, which can come into effect by July, have been announced while US and Indian negotiators are in the midst of talks in New Delhi to finalise a bilateral trade agreement.
2.
To contain vehicular emissions, which remain one of the biggest contributors to air pollution in Delhi-NCR, the Union Cabinet on Wednesday approved a two-year 'cleaner mobility' scheme with an outlay of Rs 9,585 crore to replace old trucks and buses, officials said. The scheme will seek to incentivize owners of trucks and buses that are complying with older emissions norms such as BS-IV to replace their vehicles with BS-VI or stricter emission-compliant vehicles or electric vehicles, as per an official government statement. However, government vehicles are excluded from the scheme.
3.
British Foreign Secretary Yvette Cooper will meet Prime Minister Narendra Modi and External Affairs Minister S Jaishankar on Thursday. Cooper, who is scheduled to arrive in India late Wednesday on her first official visit to the country, will meet Jaishankar on Thursday where both ministers will discuss closer collaboration between the UK and India to minimise economic shocks from ongoing conflicts, preserve global stability, and ensure freedom of navigation.
4.
With the Union Agriculture Ministry stepping up preparations to tackle the challenges of a potentially weak south-west monsoon rainfall triggered by the El Nino conditions, several Farmer Producer Organisations (FPOs) have emerged as torchbearers of promoting drought-resistant crops and climate-resilient farm practices.
5.
The India-US joint statement requires India to purchase $500 billion of US goods and services over the next five years. This would further exacerbate the depreciation crisis.
6.
In his first official overseas trip since being elected president earlier this year, Min Aung Hlaing concluded a five-day state visit to India this week, as part of an effort to rectify Myanmar's diplomatic isolation. Following the coup The led in February 2021 — which resulted in the house arrest and eventual conviction of then-head of government Aung San Suu Kyi on trumped-up charges — Naypyidaw lost much of its political legitimacy, a perception it did little to improve with the stage-managed elections this year that propelled the USDP, a junta proxy, to power.
7.
Across the IOR, powerful countries are expanding their presence through ports, naval assets, surveillance systems and economic corridors. India's answer must be strategic consolidation.
8.
A new experimental pill is offering hope for patients of pancreatic cancer, one of the deadliest and hardest-to-treat forms of the disease. Results from a large international trial presented at an American Society of Clinical Oncology meet showed that daraxonrasib, a once-daily oral drug, nearly doubled survival time in patients with advanced pancreatic cancer whose disease had progressed despite earlier treatment.
9.
Lord Louis Mountbatten arrived in Delhi on March 22, 1947, to assume office as Viceroy with a clear mandate: Transfer power to Indian hands no later than June 30, 1948. He entered a country gripped by escalating communal violence. The Calcutta killings of August 1946 were followed by riots in Noakhali and Bihar, while tensions had spread to Bombay and other parts of the country. Mountbatten swiftly concluded that the idea of Pakistan had become unavoidable. Following consultations in India and a visit to London in mid-May, he returned to unveil the Partition Plan on the evening of June 3, 1947.
10.
A Five-hour-long testimony by US Secretary of State Marco Rubio to the US Congress Tuesday provided clues about where the West Asia war is headed amid a fragile peace and uncertain ceasefire talks with Iran. Appearing before the Senate for the first time since the war began on February 28, a combative Rubio spoke about a range of issues linked to the conflict.
11.
The Centre on Wednesday approved a one-time budgetary support of Rs 10,000 crore to public sector oil marketing companies (OMCs) to provide stable fuel pricing for scheduled Indian airlines as it sought to cushion the blow from soaring jet fuel prices in the international market.
12.
The Reserve Bank of India's Monetary Policy Committee began its three-day meeting on Wednesday. And while the committee is widely expected to retain the policy repo rate at 5.25%, a small but vocal segment is predicting an interest rate hike on Friday due to the tremendous pressure the rupee has been under and to "pre-emptively" stamp out upside risks to inflation.
13.
India and Cambodia have launched cross-border connectivity of their payment systems, enabling Indian travellers to make payments using Unified Payments Interface (UPI) at QR code-enabled merchant outlets across Cambodia. The facility was inaugurated in Phnom Penh on June 2, marking the operationalisation of the first phase of collaboration between NPCI International Payments Ltd (NIPL) and Acleda Bank Plc. The initiative has been undertaken under the aegis of RBI and the National Bank of Cambodia.
14.
The World Health Organization said on Wednesday that the world is "catching up" with the Ebola outbreak in Democratic Republic of Congo, where there have been 344 confirmed cases of the disease and 60 confirmed deaths, although challenges remain.
15.
Two critically endangered parakeets have been hailed as "super breeders" in New Zealand after the pair produced 55 chicks in two years — increasing the population by more than 10%. The native kākāriki karaka, or orange-fronted parakeet, was declared extinct in 1919 and 1965, only to be rediscovered both times in the depths of mountainous valley areas. It is the country's rarest parakeet. Now, there are only about 450 left in the wild and in captivity.
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