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World Bank Warns East Asia's Economic Buffers Thin Amid Oil Shock

The World Bank warns that East Asia and Pacific economies risk depleting their financial buffers while cushioning the ongoing energy shock caused by the US-Iran conflict. Governments in the region, including Indonesia, Thailand, and Vietnam, have heavily subsidized fuel prices, reducing foreign currency reserves by 15-40% this year. The bank forecasts Middle East oil exports won't normalize until mid-2027, calling current measures unsustainable despite a 4.5% growth forecast aided by AI.

Business Standard·

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Business

MNRE Requires Country Codes for Solar Modules and Cells

The Ministry of New and Renewable Energy (MNRE) has mandated that solar module model numbers submitted for registration or inclusion with the Bureau of Indian Standards (BIS) must specify the countries where the solar modules and cells are manufactured. This standard operating procedure aims to ensure transparency in the origin of solar components.

Mercom India·

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Business

Karnataka to Raise Milk Prices by Rs 8 to 10 per Liter

The Karnataka government is preparing to increase milk prices by Rs 8 to 10 per liter. The proposal is expected to be approved in a cabinet meeting by Tuesday afternoon. After approval, an official announcement will be made regarding the new milk prices and their implementation timeline across different milk categories in the state.

Aaj Tak··Karnataka

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Politics

Rahul Gandhi Leads Dharna Against CEC Gyanesh Kumar in Delhi

Opposition Leader Rahul Gandhi and several INDIA bloc MPs held a dharna on Parliament Street, New Delhi, protesting Chief Election Commissioner Gyanesh Kumar. The protest followed security blocking their 'Save Democracy' march to the Election Commission headquarters. They allege vote theft and unfair voter deletions in the Special Intensive Revision of electoral rolls. Rahul Gandhi demanded Gyanesh's resignation, joined by leaders like Priyanka Gandhi Vadra and Akhilesh Yadav.

News18··New Delhi

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Business

IEX Electricity Trading Volume Rises 12.7% in Q2 FY 2027

The Indian Energy Exchange (IEX) reported a 12.7% year-over-year increase in electricity traded volume during the second quarter of FY 2027, reaching 39,685 million units (MU). This growth highlights a significant rise in electricity trading activity on the platform compared to the same period last year.

Mercom India·

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Entertainment

Fact Check: Yami Gautam-Aditya Dhar Not Leaving Mumbai for Himachal

Reports claiming that actors Yami Gautam and Aditya Dhar are leaving Mumbai to settle in Himachal Pradesh have stirred social media. The news mentioned Yami's connection to Himachal and property there. However, the couple is not actually preparing to leave Mumbai, and the truth behind these rumors has now emerged.

News18Hi Entertainment·

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