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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.
A year and a half after the start of ethnic violence in Manipur, the Centre Thursday reimposed the Disturbed Areas status under the Armed Forces (Special Powers) Act (AFSPA) in the juris- diction of six police stations in the state's valley areas, including violence-hit Jiribam.
2.
With Delhi's air quality remaining "severe" for a second consecutive day, the Supreme Court on Thursday agreed to urgently list on November 18, a plea seeking enforcement of measures to check pollution in the Capital. A bench of Justice AS Oka and Justice AG Masih agreed to list the matter after senior advocate Aprajita Singh, who has been appointed as amicus curiae in matters related to air pollution, requested for urgent hearing.
3.
The Indian Stock markets have continued to correct. On Thursday, the BSE Sensex fell 110 points or 0.14 per cent. Since touching a high of 85,836 on September 26, the Sensex has fallen by around 10 per cent. The correction is not just limited to the larger companies. Shares of small and midcap companies have also fallen. Over the past month, the BSE small and midcap indexes have also fallen by 7.5 per cent and 8.8 per cent respectively. The Nifty VIX, a measure of market volatility, has also surged and is up almost 14 per cent over the past month.
4.
As the nation begins the year-long celebrations of the 150th birth anniversary of this iconic figure in the history of modern India, I bow in gratitude to his blessed memory, I also recall how, during my childhood, hearing the legends of Bhagwan Birsa Munda made me and my friends feel very proud of our legacy. In a short life of only 25 years, the boy from Ulihatu in today's Jharkhand became the hero of the people's resistance against colonial exploitation. When the British authorities and local landlords were exploiting tribal communities, grabbing their lands and committing atrocities, Bhagwan Birsa rose against this social and economic injustice and led people to fight for their rights. Known as 'Dharti Aba' (Father of the Earth), Bhagwan Birsa organised the 'Ulgulan' or the Munda Rebellion against British oppression in the late 1890s. The Ulgulan, of course, was much more than a rebellion.
5.
On Wednesday, the temperature in Delhi dipped below normal for the first time this winter. The onset of the cold weather was accompanied by a deterioration in the city's air quality." The city's air quality index (AQI) registered as "severe" for the first time this season - the most delayed arrival of the extreme polluting condition in the past 10 years. That, however, is no respite for the city's residents. Analysis by the Centre for Science and Environment has shown that while the peak particulate matter (PM) levels have fallen this season, the city's average pollution has risen. In other words, pollutant concentration remains a cause for worry. The average PM 2.5 levels, this year, are the highest in five years. Also, the fact that Delhi continues to experience bad air way past the crop residue burning season points to an imperative long highlighted by experts - a policy focus beyond a seasonal approach.
6.
The Unfolding "correction" in India's stock indices - the Nifty50 has shed a tenth of its end-September peak - has been linked to the build-up to the Chinese government stimulus to boost its flagging economy. An index is said to be in a "correction" phase when it falls more than 10% from its last peak level. A more-than-20% fall signals a "bear market" phase. After Beijing announced its first stimulus package in late September, foreign investors offloaded Indian shares to pick up Chinese equities that were trading at much lower price- earnings multiples (making Chinese stocks more attractive from a valuation perspective). The slide in the bourses has persisted - even though domestic money has continued to pour into India's stocks. Last week, the Chinese government announced a second booster shot for its economy.
7.
The Australian government has announced that it will bring legislation to keep children under the age of 16 off social media platforms such as Instagram, Facebook and Tik Tok. Prime Minister Anthony Albanese said last week that a bundle of "world-leading" measures would be introduced in Parliament soon. The proposed law will put the onus on social media platforms to show they take "reasonable steps" to prevent access to children, with no penalties for the users, he said. While the text of the draft Bill is yet to be released by the government, the announcement has set off debates on such a ban's efficacy and need, as well as the larger impact of social media on adolescents.
8.
A Revival in in gems and jewellery exports after a year-long lull, along with strong growth in exports of electronics and engineering goods ahead of the Christmas sales season in the West, drove India's goods exports to their highest level in seven months. While goods exports rose by 17 per cent to $39 billion in October compared to October last year, imports jumped by 4.5 per cent to $66 billion, largely driven by petroleum products, bringing the total goods trade deficit to $27 billion. Notably, the trade deficit in October 2023 stood at $30 billion.
9.
Donald Trump's victory in the US presidential election and rising oil production from countries "in the Western Hemisphere" is expected to increase oil availability in the international market, which in turn would be a positive for major oil consumers and importers like India. Puri expressed hope that higher production from countries like the US, Canada, Brazil, and Guyana, will also nudge the OPEC+ group of major oil producers to rethink their production cuts and increase output. Trump's diplomatic moves, particularly those aimed at cooling down geopolitical conflicts, can also positively impact oil availability and affordability.
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