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October 24, 2023

Hello, Earthlings! Stay weird and wonderful, always!

Heres whats going on in 🇮🇳

  • Prime Minister Extends Greetings to ITBP on Raising Day

  • Dussehra Festival Unites India in Joy and Unity

  • India Set to Maintain Fastest-Growing Economy Status in 2024

Prime Minister Narendra Modi Extends Greetings to ITBP on Raising Day

Prime Minister Narendra Modi extends his greetings to the Indo-Tibetan Border Police (ITBP) on their raising day. He commends their bravery and dedication in protecting the nation and acknowledges their commendable humanitarian efforts during natural disasters. The ITBP, established on October 24, 1962, safeguards the 3,488 km long India-China borders from Ladakh to Arunachal Pradesh.

Why it's important: Recognizing the Indo-Tibetan Border Police (ITBP) on their raising day is crucial as it highlights their significant role in safeguarding the nation's borders and their commendable efforts during natural disasters. Their unwavering commitment and valour contribute to the security and well-being of the country.

Celebrating the Triumph of Good over Evil: Dussehra Festival Unites India in Joy and Unity

The festival of Vijayadashmi or Dussehra is being celebrated across the country today, marking Lord Ram's victory over Ravana and the culmination of Navratri and Durga Puja. Raksha Mantri Rajnath Singh celebrated Dussehra with troops in Arunachal Pradesh, highlighting the unity and sacrifices of the Indian military. President Droupadi Murmu and Vice President Jagdeep Dhankhar extended their warm greetings, emphasizing the values of good over evil and oneness. Prime Minister Narendra Modi and Home Minister Amit Shah also greeted the nation, urging the adoption of goodness and righteousness.

Why it's important: Dussehra is an important festival that symbolizes the victory of good over evil and serves as a reminder of the values of truth, justice, compassion, and courage. It celebrates Lord Ram's triumph over Ravana and Goddess Durga's victory over Mahishasura. The festival promotes unity, oneness, and the eradication of ego and negativity. It also highlights the sacrifices and bravery of the Indian military and the progress of India on the international stage.

India Set to Maintain Fastest-Growing Economy Status in 2024

India is projected to maintain its position as the fastest-growing major economy in the world in the fiscal year 2024. The Finance Ministry's monthly economic review report highlights the strengthening of investment demand, firming of industrial activities, and strong consumption as key drivers of growth. The report also mentions double-digit growth in the Index of Industrial Production in August, steady revenue growth for the Union Government, easing inflationary pressure, and positive employment trends.

Why it's important: India's status as the fastest-growing major economy in the world in 2024 is significant due to the potential for increased investment opportunities and economic development. The country's strong growth drivers, such as investment demand, industrial activities, and consumption, contribute to its economic resilience and attractiveness for businesses and investors. Additionally, positive employment trends and steady revenue growth indicate a stable fiscal position, further enhancing India's economic prospects.

Global Chronicles 🌐 

  • Israeli military strikes over 320 targets in Gaza, resulting in over 430 deaths, while also targeting Hezbollah cells in Lebanon; UN reports desperate civilians running out of resources.

  • The White House accuses Iran of actively supporting rocket and drone attacks on US military bases in Iraq and Syria, and President Biden has ordered the Department of Defense to prepare for further action.

Market Movers 🤑 

  • India will continue to be the world's fastest-growing major economy in FY 2024, driven by strengthening investment demand, industrial activities, and consumption, according to a monthly economic review report released by the Finance Ministry.

  • Asian and European shares decline due to fears of Middle East conflict and rising bond yields.

Sports Spectacle 🏅 
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Thank you for being awesome readers and staying informed with our news updates! We look forward to having you join us again on the next one for more exciting stories.

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