🌐 1. Global Highlights today

IMF Warns of Trade Uncertainty Amid New U.S. Tariffs

The International Monetary Fund cautioned that recent U.S. tariff announcements—targeting copper (50%), Brazilian exports, and semiconductors—are fueling global economic instability. The uncertainty is elevating risks for industries across Asia, Europe, and the U.S., as businesses adjust to shifting trade dynamics.Reuters

U.S. Energy Outlook: Oil Price Forecast Up, 2026 Projections Down

In its latest Short-Term Energy Outlook, the U.S. Energy Information Administration raised the average forecast for West Texas Intermediate crude to about $66/barrel in mid-2025, gradually dipping to $59 by December. Conversely, projections for 2026 were revised downward to $53–$56, reflecting expected inventory rises and increased global oil production. Natural gas prices were also lowered due to continued strong storage levels.Midland Reporter-Telegram

Global Coral Bleaching Event Continues

The fourth global coral bleaching event, spanning 2023–2025, is the worst on record—impacting about 84% of global coral reef ecosystems. This ecological disaster results from prolonged ocean warming linked to climate change, with no clear timeline for recovery.Wikipedia

Trump’s U.S. Tariffs Delayed Amid Trade Talks

Former President Donald Trump’s new tariff packages, including steep levies on copper, pharmaceuticals, and semiconductor imports, were delayed until August 1 to facilitate ongoing trade negotiations. Countries facing these tariffs include Brazil, Canada, Japan, South Korea, and members of BRICS. Legal challenges and Congressional scrutiny continue around the tariffs' legitimacy.The Wall Street Journal+1The Guardian+1

🇮🇳 2. National News: India

Massive Job Drive – 51,000+ G‑Sec Posts Filled

Prime Minister Narendra Modi led the 16th Rozgar Mela today, distributing over 51,000 appointment letters to newly recruited government employees across Railways, Health, Posts, Finance, and other sectors. Held at 47 locations nationwide, this initiative has facilitated over one million public sector appointments since launching.The Times of India

India’s National Strike — Bharat Bandh Disrupts Key Sectors

On July 9, over 25 crore workers participated in a nationwide strike (“Bharat Bandh”) protesting economic reforms, including privatization and labor changes. Key industries like coal mining, banks, transport, and insurance were severely affected, especially in states like Odisha, Kerala, Tamil Nadu, and West Bengal. The unions demanded higher wages, reversal of labor laws, and filling of public jobs. Thousands of protesters were detained.mint+2AP News+2The Times of India+2

RBI’s ₹25,000 Crore G‑Sec Buyback Auction

To manage public debt and improve market liquidity, the Reserve Bank of India is launching a buyback of government securities worth ₹25,000 crore. This move aims to reduce outstanding debt while stabilizing the bond market.

Monsoon Chaos in Northern India

Heavy monsoon rains have battered Delhi NCR, Haryana, Rajasthan, and nearby regions, causing severe flooding, traffic chaos, and daily disruptions. The downpour is expected to persist through July 13. Meanwhile, weather-related issues continue to take a toll across Himachal Pradesh.

Tesla Enters India: First Showroom in Mumbai

Tesla has secured approval to open its first showroom in Mumbai’s Bandra Kurla Complex, with the Model Y expected to go on sale starting July 15. This marks a significant milestone in Tesla’s entry into India's EV sector.

Financial Rules Coming Into Effect This Month

Starting July, India will implement new financial regulations:

Aadhaar-based verification for new PAN applications and Tatkal railway bookings (from July 15).
Revised ATM and banking charges by Axis Bank and ICICI.
Simplified UPI chargeback process and tightened GST return rules.
Possible revision of small savings scheme interest rates.

Major Human Trafficking Network Busted in Lucknow

Lucknow police dismantled an inter-state trafficking ring that sold at least 15 minor girls across states like Rajasthan, Haryana, MP, and Gujarat for up to ₹80,000. Key traffickers were arrested, and further investigations are underway.

Mock Civil Defense Drill 'Operation Abhyaas' Conducted Nationwide

On May 7, India carried out its largest-ever mock civil defense drill across 244 districts. Coordinated by the Ministry of Home Affairs and NDMA, the exercise included air raid siren tests, evacuations, blackout simulations, and public participation—preparing communities for potential security threats.

Delhi Legislative Assembly Elections: BJP Secures Power

In the February 5 elections, the BJP won 48 out of 70 seats in Delhi, reclaiming power after 27 years. Arvind Kejriwal's Aam Aadmi Party lost 40 seats. Rekha Gupta was named Chief Minister. Voter turnout stood at around 60.5%.

🧭 3. Analysis & Wrap-Up

Global economy remains fragile amid new U.S. tariffs and rising trade tensions.
Energy markets are volatile—short-term oil prices rising, long-term outlook softening.
Environmental concerns deepen with the ongoing global coral bleaching event.
In India, public-sector employment initiatives continue, but economic reforms spark massive protests.
Climate events like monsoon flooding disrupt daily life, while infrastructure and retail sees innovation—Tesla’s arrival is symbolic.
Regulatory changes in finance aim for transparency, though consumers may feel impacts.
National security planning intensifies with civil defense drills amidst geopolitical friction.

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