Delhi

India’s gross GST revenue collection figures and
sustained foreign fund inflows boosted investor sentiments last week, causing
Indian benchmark indices to close in the green. IT giants such as TCS, HCL, and
Wipro will announce their latest quarterly performance along with major
economic data such as the Index of Industrial Production (IIP), Consumer Price
Inflation (CPI), Balance of Trade data, and US Inflation data, which will be
released this week.Read also this: The Chandrayaan-3 mission by ISRO and its power to improve India’s economy

Quarterly
Results: This week, investors will be primarily focused on
the quarterly results of industry heavyweights including Federal Bank ,HCL
Technologies,TCS, Wipro, Avenue Supermarts, Tata Metaliks, Tata Steel Long
Products, Tata Metaliks, etc.The
Index of Industrial Production (IIP) statistics, which
will be announced on July 12, will be closely watched by economic stakeholders.
The June report on the Consumer Price Index (CPI) w

There have been at
least 19 deaths attributed to the heavy rain that has hit many parts of north
India during the previous three days.

Knee-deep water still
covers many city streets and buildings.

More rain is expected
to fall over the next few days across the Indian states of Himachal Pradesh,
Uttarakhand, Punjab, Haryana, Jammu & Kashmir, Rajasthan, Delhi, and the
surrounding territories.Read also this: Heavy Rain in Kashmir Halts the Amarnath Yatra for the second day.

People from Himachal
Pradesh, Uttarakhand, and Delhi took terrifying photos of the destruction and
posted them online. The photos show automobiles floating like paper boats,
filthy waters rushing into residential areas, buildings flooded on the banks of
the swelling rivers, and land cave-ins.

Constant rainfall in
Himachal Pradesh resulted in landslides and flash floods that caused misery
in homes and businesses and brought an end to normal life. All major
rivers, including the Ravi, Beas, Sat

The Indian Space Research Organisation (ISRO) is
making preparations for the July 14
launch of its ambitious Chandrayaan-3 mission. This forthcoming lunar
exploration mission contains great potential for India’s economy.Read also this: What went wrong with the last Chandrayaan Mission, and how the third mission will be different?

As India re-attempts
its ambitious moon mission, the focus returns to its potential to advance the
space industry and stimulate economic growth. Before discussing the economic
advantages of missions such as Chandrayaan-3, it is essential to comprehend
their significance.

According to Pawan
Chandana, Co-Founder and CEO of Skyroot Aerospace, a prominent domestic
aerospace company, launched India’s first independently developed rocket. Chandrayaan-III,
if successful, might establish India in the same category as the United States,
Russia, and China.

Impact
on Indian Economy

A historic occasion for
India’s space effort will be the s

The Amarnath Yatra was
put on hold for a second day in a row on July 8 because of bad weather. It was
raining in most of Kashmir, and officials said this was the reason.

Due to bad weather, the
yatra is still not happening on either the Pahalgam or the Baltal roads for a
second day. They said that no traveller could move towards the holy cave shrine
this morning.Read also this: Adipurush Author apologises sincerely.Officials said that new
groups of travellers could not leave Jammu to start their yatra because the
Srinagar-Jammu National Highway was closed.

On both paths, the
yatra was stopped on Friday because it rained in many parts of Kashmir.Beginning early on
Friday, the torrential rains forced the suspension of the pilgrimage, and
pilgrims were stopped at the Baltal and Nunwan base camps.

Following significant
rainfall in the region, a landslip occurred along the Baltal route of the
pilgrimage route. Nonetheless, there were no reports of fatalities. Officia

Today, Adipurush’s controversial dialogue writer
Manoj Muntashir apologised for offending religious sensitivities.Read also this: CM Eknath Shinde designates Neelam Gorhe as ‘Neta’ of the Shiv Sena.

“I accept Adipurush hurt people’s
emotions,” tweeted Manoj Muntashir. My sincerest apologies. May Prabhu
Bajrang Bali unify and strengthen us to serve our sacred Sanatan and wonderful
nation.”

A lot of people believe it is now too late to
request an apology in response to his post.

The film ‘Adipurush,’ an adaptation of the epic
Ramayana directed by Om Raut, has received harsh criticism since its release.
Prabhas plays Lord Ram, Kriti plays Goddess Sita, Sunny Singh plays Laxman, and
Saif Ali Khan plays Ravana in the film.

Numerous critics and reviewers were dissatisfied
with particular film dialogue. ‘Marega Bete,’ ‘Bua Ka Bagicha Hain Kya,’ and
‘Jalegi Tere Baap Ki’ are among the dialogues for which the filmmakers have
drawn criticism.

In response to such critic

Eknath Shinde, the
Chief Minister of Maharashtra, has named Neelam Gorhe, an MLC who just left the
party, as a “Neta” in the Shiva Sena. People say that the job goes to
the leader with the most power after the party president. Gorhe, a member of
the Legislative Council, switched from the Shiv Sena (UBT) led by Uddhav
Thackeray to the group led by Eknath Shinde on Friday. She is the third Shiv
Sena (UBT) MLC to leave the party. This happened on the same day that Shiv Sena
(UBT) MP Sanjay Raut said that 17 or 18 MLAs from the Eknath Shinde group were
in touch with them.Read also this: Gujarat High Court upholds Rahul Gandhi’s defamation conviction for ‘Modi’ surname comment.

Sharad Pawar, president
of the Nationalist Congress Party, will start his state tour on Saturday with a
gathering in Yeola, Nasik district, the home district of rebel party leader and
Minister Chhagan Bhujbal.

MLA Jitendra Awhad said
he would meet people and put everything back together. If people

Chandrayaan-3
is scheduled for launch on July 14, 2023, at 2:45 pm IST, about four years
after Chandrayaan-2 was launched on July 22, 2019.

So what went wrong with the Chandrayaan-2
mission?

The Chandrayaan-2 spacecraft included three different parts: an orbiter,
a lander, and a rover. Despite the Vikram lander failing to land as smoothly as
had been hoped, the rest of the mission was a success. Read also this: Gujarat High Court upholds Rahul Gandhi’s defamation conviction for ‘Modi’ surname comment

The Indian Space Research Organisation (ISRO) intended to land
Chandrayaan-2’s Vikram spacecraft on a smooth plain on the lunar surface
approximately 600 kilometres from the South Pole on September 7, 2019, but lost
contact with the lander shortly before the scheduled landing. Due to a software
error, this aspect of the Chandrayaan-2 mission was unsuccessful.

ISRO reported that the Vikram spacecraft performed normally up to an
altitude of 2.1 kilometres. After that,

Congress leader Rahul Gandhi was found guilty of
criminal defamation by a Magistrate court on Thursday and sentenced to two
years in prison for his statement “All thieves have Modi surname”. The Gujarat High Court refused to stay the
decision on Friday.Read also this: North India will witness a monsoon surge beginning July 9: IMD

Justice Hemant Prachchhak, sitting alone on the
case, opined that upholding Gandhi’s conviction would not be unfair.

Background

Gandhi’s request to have his sentence by the
Magistrate court put on hold was turned down by a sessions court in Surat on
April 20.

In a thorough order, the sessions court said that
Gandhi’s disqualification would not be a “irreparable or irreversible
loss” and denied him temporary relief.

A Magistrate court in Surat, India, found the member
of parliament from Wayanad, Kerala, guilty on March 23 for saying, “All
thieves have Modi surname” at an election gathering in Karnataka’s Kolar
constituency in 2019.

During the next five
days, there is likely to be moderate to pretty widespread to widespread rain
over northwest India, with a few spots of heavy rain. The heavy rain that has
been falling on the west coast, especially in Konkan, Goa, and Gujarat, is
expected to end on Friday. On the other hand, rain is expected to increase in
the north of the country on July 9, according to the India Meteorological
Department (IMD).Read also this: Why internationalise the rupee?

The summer trough is to
the south of where it would normally be. A shear zone that moves from east to
west runs along South Peninsular India.

At mean sea level, the
off-shore trough runs from the south coast of Gujarat to the north coast of
Kerala.

In the lower
troposphere, a cyclonic circulation is over Gangetic West Bengal and north
Odisha, which is right next to it.

According to Mahesh Palawat, vice
president, of climate and meteorology at Skymet Weather, a big monsoon wave
over the area will keep

India seeks to
establish the rupee as a global currency. The Reserve Bank of India’s (RBI)
inter-departmental group (IDG) stated on Wednesday that the rupee has the
potential to become an internationalized currency, citing India’s status
as one of the world’s fastest-growing economies and its incredible resilience
in the face of significant headwinds.Read also this: Annual Economic Review: India’s GDP rose 7.2% in FY 23 due to a strong fourth quarter

In light of the US
economic sanctions imposed on Russia for invading Ukraine and the expanding
demand for a substitute for the US dollar for global transactions, such
suggestions are significant.

The adoption of the
rupee in international trade is growing as a result of this process known as
“internationalisation.”

It means promoting the
usage of the rupee in current account transactions (such as imports and
exports), then in capital account activities. All of these deals involve
exchanges between Indian citizens a