week 3 Newspaper Presentation semester 2.pdf

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2. NEWSPAPER PRESENTATION
12 June to 17 June

4. Sovereign Gold Bond Scheme Series-1 2023-24 to open from 19 June

The government has announced that it will issue two
tranches of sovereign gold bonds (SGBs) for retail
investors in the first half of the current financial year.
The first tranche will open from June 19-23 and the
second tranche will open from September 11-15.
The price for the first tranche is fixed at ₹5,926/gm.
The SGBs are backed by 99.9% pure gold held by the
RBI and offer a convenient and secure way to invest in
gold as an asset class. The SGBs have a tenure of eight
years and can be redeemed at the prevailing market
value of gold. The SGBs have helped the RBI raise over
₹30,000 cr since 2015.

5. People after investing in Sovereign Gold Bonds:

6. India has asked the European Union (EU) to exempt its
micro, small and medium enterprises (MSMEs) from the
carbon tax that the bloc is imposing on certain imports
from October this year.
The carbon tax, also known as the Carbon Border
Adjustment Mechanism (CBAM), aims to reduce
greenhouse gas emissions and protect the EU's
industries from unfair competition.
The tax will affect seven carbon-intensive sectors in
India, such as steel, cement and fertilizer, and will
require them to obtain compliance certificates from the
EU authorities.
The Commerce Secretary said that the tax would impact
the domestic industry and that he raised the issue with
the EU officials during a meeting in Brussels last month.
He also said that he held a consultation with the
stakeholders to discuss their preparedness for CBAM
compliance.
India to seek exemption for MSMEs from EU's Carbon Tax

8. Delayed Monsoon to impact inflation; FY24 CPI expected to be at 5.2%
Deutsche Bank in its recent report has warned
that India cannot be complacent about inflation
even though official data for May has shown a
cool-off.
The bank expects the average Consumer Price
Inflation (CPI) for FY-24 to reach 5.2%, compared
with the 5.1% estimated by the Reserve Bank of
India.
With monsoon rains currently 53% below normal
and poor monsoon potentially driving up food
prices in July, there is a chance that inflation
could rise above 5% & the prices of key
vegetables, such as onions, potatoes, and
tomatoes, could rise sharply in the coming
months, the bank said.

9. Delayed Monsoon to impact Inflation
meanwhile,

10. Latest AI Innovations

12. New report from McKinsey Global Institute
estimates that generative AI, a type of artificial
intelligence that can create content such as text,
images and video, will add up to $4.4 trillion of
value to the global economy annually by 2060.
The report says that generative AI can automate
half of all work activities between 2030 and
2060, saving 60% to 70% of workers' time and
augmenting their capabilities.
Generative AI can also create "superpowers" for
high-skilled workers, such as summarizing and
editing content.
Generative AI can add $4.4 trillion in value to global economy

13. AND, THE MOST IMPORTANT
DEVELOPMENT OF
THE WEEK IS......

15. Russian Oil Prices to reach $80 per barrel this year
The Russian Energy Minister Nikolai
Shulginov said that it was realistic to
reach oil prices of around $80 per barrel.
He did not specify the oil grade, but
probably referred to the Brent Global
Benchmark which is the world's crude
benchmark index.
The Russian Oil and Gas Condensate
Production is expected to fall by around
20 million tones (4 lakhs barrels a day),
coupled with the overshadowed output
cuts by leading oil producers of the
OPEC group would lead to a hike in
prices.

16. $80 Per Barrel ka Tel Hai
Tera Economy Isme Chala Jaaenga

17. Crude oil prices gained about 3% to a one-week high
on Thursday as the US dollar weakened and data
showed a jump in refinery runs in top crude
importer China.
In the US. a bigger percentage gain in gasoline
futures boosted the gasoline crack spread, a
measure of refining profit margins to its highest
since July 2022.
The oil market drew support from US reports
showing retail sales unexpectedly rose in May and
higher than expected jobless claims last week cut the
dollar to a five-week low versus a basket of other
currencies.

Oil Futures up 3% due to strong China data and weaker Dollar

18. My Portfolio
=

19. Mai Dalal Street ka dariya hoon
Raghav right now:

20. THANK YOU FOR
LISTENING!
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