Today in the News
🌍 Geopolitics & Diplomacy
- India and Australia have reaffirmed their strategic partnership, emphasizing defense cooperation and a united stance against terrorism. This comes amid broader Indo-Pacific realignments and growing concerns over regional security.
- Iran’s Parliament has approved a controversial proposal to close the Strait of Hormuz, a vital oil shipping route. This move has triggered global market jitters and raised tensions with Western powers.
- Israel launched significant airstrikes inside Iran, escalating regional instability and drawing international calls for restraint.
📉 Economy & Finance
- The Reserve Bank of India is expected to cut the repo rate again, aiming to stimulate growth amid global economic uncertainty.
- India’s wheat and rice production is projected to hit record highs, offering a silver lining for food security and inflation control.
- The Global Economic Prospects Report 2025 warns of sluggish recovery in developing economies, citing debt burdens and climate shocks.
🧪 Science & Environment
- A 24-million-year-old fossil was discovered in Assam’s coal beds, offering new insights into prehistoric life in the Indian subcontinent.
- India’s first polar research vessel is in development, signaling a bold step into Arctic and Antarctic exploration.
- The Global Fisheries Report highlights alarming declines in marine biodiversity, urging urgent reforms in ocean governance.
🧘 Culture & Society
- International Yoga Day was celebrated globally on June 21, with major events in Varanasi and across India promoting wellness and unity.
- Srinagar has been designated a World Craft City, honoring its rich artisanal heritage and boosting its global cultural profile.
- The UN’s Gender Gap Report 2025 shows modest progress, but warns that true parity remains decades away without systemic change.
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