The Catch Up: 9 August

3 Things

This is the Catch Up on 3 things and I am Ichha Sharma
It’s the 9th of august and here are this week’s headlines.
After months of mass upheaval and the consequent exit of former Prime Minister Sheikh Hasina, Bangladesh got its new leader in Nobel laureate Muhammad Yunus on Thursday as he took oath as the chief adviser of the country’s interim government. President Mohammad Shahabuddin administered the oath to Yunus and 13 additional advisers. The protests, primarily led by student groups, were triggered by a violent crackdown on demonstrations advocating for reforms in the public service quota system, resulting in over 400 deaths in recent weeks.
With the Opposition vehemently opposing The Waqf (Amendment) Bill and its allies wary about the widespread changes proposed by it, the government on Thursday sent the legislation to a Joint Committee of Parliament. Union Minority Affairs Minister Kiren Rijiju’s introduction of the Bill was met with noisy protests, with Opposition MPs calling it “an attack on the Indian Constitution, the religious freedom it guarantees, and a violation of the federal structure”. The joint committee will be constituted by Lok Sabha Speaker Om Birla and include members from both the Houses of Parliament and across parties.
After a gut-wrenching day of defeats and heartbreaks with Vinesh Phogat announcing her retirement, a day after her disqualification in the wrestling final, due to being overweight by 100 gms and wrestler Antim Panghal’s deportation due to the accusation of ‘smuggling’ her sister inside the Athelete’s village, the Indian contingent was given a reason to cheer after the Indian hockey team won a bronze medal by beating Spain. This is the Indian contingent’s fourth medal, all of which have been bronze. It was captain Harmanpreet Singh who scored two goals after India was down one zero at one stage.
For the past few days, the United Kingdom has witnessed widespread unrest and violence triggered by a stabbing incident in Southport on the 29th of July. So far, over 400 people have been arrested, 140 people charged, and three given jail sentences as anti-immigrant riots broke out in several regions, including north London, Bristol, and Newcastle, reportedly fuelled by misinformation and far-right activism.
The Reserve Bank of India’s Monetary Policy Committee has kept the Repo rate steady at 6.5 per cent for the ninth time in a row as sticky food inflation continues to remain a threat to retail inflation. The rate-setting panel also left the monetary policy stance unchanged at ‘withdrawal of accommodation’ in the meeting on Thursday. As a consequence of the MPC’s decision, banks are expected to keep interest rates unchanged. The RBI also kept the gross domestic product growth projection for the financial year 2025 unchanged at 7.2 per cent and the retail inflation forecast at 4.5 per cent despite the sticky food inflation.
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