Haryana Becomes First State to Procure All Crops at MSP:
On August 4, 2024, Haryana Chief Minister Nayab Singh Saini announced that the state would buy all crops at the Minimum Support Price (MSP), making Haryana the first state in India to do this on such a wide scale.
Bangladesh’s Leadership Transition Poses Risks to India Relations:
Since Sheikh Hasina became Prime Minister of Bangladesh in 2009, the country has built a strong relationship with India. This partnership is based on working together against terrorism and sharing economic and cultural interests. However, leadership changes could threaten this collaboration.
Proposed Changes to Waqf Act:
There are ongoing discussions about a possible government bill to change the Waqf Act of 1995. This bill aims to improve accountability and transparency in Waqf boards and promote the inclusion of women in their administration
Lok Sabha Passes Appropriation Bill for Financial Year 2024-25:
On February 26, 2024, the Lok Sabha passed the Appropriation (No. 2) Bill, 2024, allowing the Indian government to withdraw funds from the Consolidated Fund of India for the 2024-25 financial year
Global Market Turmoil and the ‘Yen Carry Trade’:
On August 5, 2024, global equity markets experienced a severe downturn, causing significant declines in major markets from Tokyo to London. Japan’s Nikkei had its largest single-day drop since 1987, indicating a major systemic issue.
