IMFIMf
Read Time: 2 minutes

1. Hooch tragedy in Gujarat claims 42 lives: Spurious liquor consumption has killed 42 people in Gujarat’s Botad village. While Minister of State for Home Harsh Sanghavi has announced a probe into the incident, AAP has called for a protest in front of BJP’s headquarters in Delhi, alleging state patronage.

2. Kerala Bishop stopped from flying to Britain: Bishop A Dharmaraj Rasalam, attached to the Church of South India (CSI), was stopped by Emigration officials at the Thiruvanthapuram airport from flying to the UK over allegations of financial irregularities at the medical college run by the church.  

3. 5G Spectrum Auction debuts with massive bidding: On day one of the 5G Spectrum Auction, the government received bids worth Rs.1.45 lakh crores. The amount is 1.5 times higher than pre-auction estimates pegged at Rs.80,000 crores.  

4. Legal tussle between Twitter and the Central government: The Karnataka HC has issued a notice to the central government, responding to Twitter’s petition challenging the directives from the union ministry of electronics and information to take down certain content. 

5. IMF slashes India’s growth rate: The International Monetary Fund (IMF) released World Economic Outlook Update for July on Tuesday. According to the report, India’s growth rate would be 0.8 percent lower than the projected 8.2% growth rate for FY22. 

6. Bangladesh seeks $4 bn from IMF: As per the Daily Star Newspaper, Bangladesh has sought $4 billion from the IMF for its balance of payment and budgetary needs. The country’s current account deficit was $17.2 for the July-May financial year compared to the previous year’s $2.78 billion.

7. “Only ex-treasurer aware of AJL transactions,” Sonia Gandhi to ED: Congress chief Sonia Gandhi has said to the Enforcement Directorate (ED) that Associated Journals Limited (AJL) transactions were handled by the party’s late treasurer Motilal Vora, adding he alone was aware of the details. 

8. Europe to minimize the demand for Russian energy: European Union nations have agreed on an emergency plan to cut energy demands amid fear that Russia could cut down gas supplies further. Meanwhile, Russia’s Gazprom has said it would cut gas supplies through Nord Stream 1 to one-fifth of the capacity. 

9. Blow to PM Shehbaz Sharif as son ousted as Punjab CM: Pakistan’s SC has declared Pervez Elahi the New CM of the Punjab province. Elahi of Pakistan Muslim League (Quid), which has the backing of Imran Khan’s Pakistan Tehreek – i – Insaf (PTI).

10. Liz Truss maintains lead in the UK election for conservative party head: After the Monday night debate, the odds have tilted in favor of UK’s foreign sexy Liz Truss. Oddscehcker has given a 75% chance of winning. The YouGov survey found 63% of 507 tory leaders favored Truss against just 19% favoring Sunak.  

Image: Al jazeera