Indian Monsoon rains continue to wreak havoc in Northern India, breaking rainfall records. Delhi experienced unprecedented rainfall, surpassing a 41-year-old record. Evacuation orders were issued for residential colonies, including the Diplomatic Enclave in Chanakyapuri.

Delhi Flood: Yamuna flows at record level, people in low-lying areas evacuated

France has been a key collaborator in India space journey there's the Indian Prime Minister will be the guest of honor the Bastille Days parade celebrations in France expectations are that the Indo-French space cooperation will reach New Heights the visit also coincides with the launch of India's third lunar space mission called Chandrayaan III on the 14th of July in our senior correspondent Siddharth MP spoke with John Mark Stork a top profession of the French Space Agency CNES for some special insights.

Indo-French 'Trishna' satellite in the works; France to share expertise on Gaganyaan

France has been a key collaborator in India space journey there's the Indian Prime Minister will be the guest of honor the Bastille Days parade celebrations in France expectations are that the Indo-French space cooperation will reach New Heights the visit also coincides with the launch of India's third lunar space mission called Chandrayaan III on the 14th of July in our senior correspondent Siddharth MP spoke with John Mark Stork, a top profession of the French Space Agency CNES for some special insights.

India and France to work on new engines, satellites

The race to the moon is heating up India is gearing up to make history it's lunar aircraft Chandrayaan 3 is all set for launch.

Chandrayaan-3: Countdown begins for India's lunar mission

Honey trap cases are on the rise in India. Pakistani agents posing as women are luring Indians from various fields. How can New Delhi combat this? Molly Gambhir reports.

Gravitas: How can India combat honey trappers?

the Indian government on Tuesday decided to impose 28 goods and services tax on online Indian gaming companies as well as in horse racing and also for casinos. After the announcement, the shares of the Indian gaming companies fell pretty drastically.

Indian gaming companies under tax radar

The Maldives foreign minister Abdulla Shahid is in Delhi for a two-day visit where he met his counterpart Dr S Jaishankar yesterday and the two sides signed 9 agreements on project development under India’s grant assistance. Watch to know more about his visit and what it entails in this exclusive interview with Abdulla Shahid.

Maldives' Foreign Minister Abdulla Shahid in India

Dunzo, a hyperlocal quick commerce company grappling with financial difficulties, implemented a salary cap of US$914&nbsp;for employees in June, according to sources familiar with the matter who spoke to Moneycontrol.&nbsp;

This meant that regardless of their actual salary package, no one would receive more than the fixed amount. The move aimed to ensure that employees earning less than the capped amount would receive their salaries in full.

However, earlier this week, it was reported that Dunzo had deferred June salaries for approximately 500 employees, representing around 50 per cent of its workforce. Co-founder and CEO Kabeer Biswas and the top management assured employees that the salary caps were only applicable for June and that all dues would be cleared by July 20.

<h2>Impact on senior employees and lack of prior intimation</h2>

Senior employees at Dunzo were reportedly most affected by the salary deferrals. Approximately 60-65 per cent of the workforce received their full salaries, while 35-40 per cent received only a partial payment of US$914&nbsp;for June.

An employee, speaking anonymously, revealed that the information about salary caps and deferrals was provided on the day salaries were due, without any prior notice or communication.

Also read |&nbsp;<a href="https://www.wionews.com/technology/ai-over-human-staff-indian-ceo-replaces-90-workforce-with-bot-internet-outraged-614666">AI replaces human workers: Indian CEO replaces 90% support staff with chatbot, internet outraged</a>

<h2>Cash crunch despite recent funding</h2>

Despite Dunzo raising $75 million in April this year, the company continues to face significant cash burn. While the company made efforts&nbsp;to ensure timely payment of salaries, a business need requiring immediate attention may have necessitated the last-minute communication with employees.

Also watch |&nbsp;Gravitas: The impact of Silicon Valley layoffs on Indian Techies

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These recent developments raise concerns about possible layoffs and voluntary exits at Dunzo. The company has already undergone two rounds of layoffs this year, resulting in the termination of approximately 380 employees.

<h2>Cost-cutting measures&nbsp;</h2>

Dunzo has been implementing various cost-cutting measures to drive profitability.

These include shifting to a marketplace model for sourcing products, shutting down a significant portion of its dark stores, and exiting unprofitable markets.

Additionally, the company has increased delivery fees, introduced delivery delays, and imposed convenience fees on users to enhance revenue per order.

Industry experts, including Swiggy's food delivery CEO, Rohit Kapoor, predict consolidation in the quick-commerce space, reported Moneycontrol.&nbsp;

With only 3-4 significant players expected to survive, Dunzo, alongside Swiggy's Instamart, Zepto, Blinkit by Zomato, and Tata-operated BigBasket, currently operates&nbsp;in this space.

Dunzo, founded in 2015, has raised close to $500 million since its inception, with major investments from Reliance, Google, Lightrock, Lightbox, Blume Ventures, and others. Reliance holds the largest stake in the company at 25.8 per cent, followed by Google with approximately 19 per cent ownership, according to Tracxn.

&nbsp;

WATCH WION LIVE HERE:

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Dunzo, a hyperlocal quick commerce company grappling with financial difficulties, implemented a salary cap of US$914 for employees in June, according to sources familiar with the matter who spoke to Moneycontrol.

Dunzo, a hyperlocal quick commerce company grappling with financial difficulties, implemented a salary cap of US$914 for employees in June, according to sources familiar with the matter who spoke to Moneycontrol. This meant that regardless of their actual salary package, no one would receive more than the fixed amount. The move aimed to ensure that employees earning less than the capped amount would receive their salaries in full. However, earlier this week, it was reported that Dunzo had deferred June salaries for approximately 500 employees, representing around 50 per cent of its workforce. Co-founder and CEO Kabeer Biswas and the top management assured employees that the salary caps were only applicable for June and that all dues would be cleared by July 20. Impact on senior employees and lack of prior intimation Senior employees at Dunzo were reportedly most affected by the salary deferrals. Approximately 60-65 per cent of the workforce received their full salaries, while 35-40 per cent received only a partial payment of US$914 for June. An employee, speaking anonymously, revealed that the information about salary caps and deferrals was provided on the day salaries were due, without any prior notice or communication. Also read | AI replaces human workers: Indian CEO replaces 90% support staff with chatbot, internet outraged Cash crunch despite recent funding Despite Dunzo raising $75 million in April this year, the company continues to face significant cash burn. While the company made efforts to ensure timely payment of salaries, a business need requiring immediate attention may have necessitated the last-minute communication with employees. Also watch | Gravitas: The impact of Silicon Valley layoffs on Indian Techies These recent developments raise concerns about possible layoffs and voluntary exits at Dunzo. The company has already undergone two rounds of layoffs this year, resulting in the termination of approximately 380 employees. Cost-cutting measures Dunzo has been implementing various cost-cutting measures to drive profitability. These include shifting to a marketplace model for sourcing products, shutting down a significant portion of its dark stores, and exiting unprofitable markets. Additionally, the company has increased delivery fees, introduced delivery delays, and imposed convenience fees on users to enhance revenue per order. Industry experts, including Swiggy's food delivery CEO, Rohit Kapoor, predict consolidation in the quick-commerce space, reported Moneycontrol. With only 3-4 significant players expected to survive, Dunzo, alongside Swiggy's Instamart, Zepto, Blinkit by Zomato, and Tata-operated BigBasket, currently operates in this space. Dunzo, founded in 2015, has raised close to $500 million since its inception, with major investments from Reliance, Google, Lightrock, Lightbox, Blume Ventures, and others. Reliance holds the largest stake in the company at 25.8 per cent, followed by Google with approximately 19 per cent ownership, according to Tracxn. WATCH WION LIVE HERE:

Financial crisis hits hard: Indian firm enforces salary cap of US$914 amid cash crunch

The Cloud of fear is hovering over India's Kashmir Valley concerns among citizens about facing shortages of essential items due to the closing of the Jammu Srinagar National Highway are becoming real people are facing a dearth of items like petrol and Diesel most petrol pumps are out of fuel the highway which serves as a Lifeline for Kashmir was closed for the fourth consecutive day it is a vital link that connects Kashmir with the rest of India. The highway suffered severe damage due to multiple landslides caused by heavy rainfalls and restoration work is still underway the closure of this essential link is however not new for the people in the valley and has has happened several times in the past as well.

People face fuel shortage in Kashmir valley as stations out of petrol and diesel

A man learned the consequences of showcasing his acrobatic skills in an inappropriate setting when he was arrested for performing cartwheels on a railway platform.

The Railway Protection Force (RPF) shared a video of the incident on their official Twitter handle, leading to a heated debate among Twitter users. While some praised the police action, others deemed it excessive.

The RPF's tweet read, "A young man who gained fame for his reckless stunts at Manpur Junction was arrested by #RPF for creating nuisance and unauthorised entry. We hope this will serve as a lesson for others who put their lives at risk for likes and shares on social media. #SafetyFirst."

The video shows&nbsp;the man standing on the platform and proceeding to execute cartwheels as onlookers watch in astonishment.

WATCH THE VIDEO HERE:

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<blockquote class="twitter-tweet">
A young man who gained fame for his reckless stunts at Manpur Junction, was arrested by <a href="https://twitter.com/hashtag/RPF?src=hash&amp;ref_src=twsrc%5Etfw">#RPF</a> for creating nuisance and unauthorized entry. 
 
We hope this will serve as a lesson for others who put their lives at risk for likes and shares in social media. <a href="https://twitter.com/hashtag/SafetyFirst?src=hash&amp;ref_src=twsrc%5Etfw">#SafetyFirst</a> <a href="https://t.co/qDCj9H9mFK">pic.twitter.com/qDCj9H9mFK</a>
— RPF INDIA (@RPF_INDIA) <a href="https://twitter.com/RPF_INDIA/status/1678275798187524096?ref_src=twsrc%5Etfw">July 10, 2023</a></blockquote>
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<h2>Twitterati comment</h2>

Since its posting on July 10, the video has garnered over 160,000 views, with the numbers steadily rising. Twitter users expressed a range of opinions, with some applauding the RPF's actions and others criticising them.

Also read |&nbsp;<a href="https://www.wionews.com/india-news/bumper-discount-by-indian-railways-fares-of-ac-trains-slashed-by-25-per-cent-613441">Bumper discount by Indian Railways: Fares of AC trains slashed by 25 per cent</a>

One Twitter user commented, "Good work RPF. Railway stations are meant for safe travel with family and friends. However, many unauthorised individuals are often seen loitering around various stations." Another user countered, "I don't see any nuisance created by the person in this video. The railway platform appears quite empty, and he isn't inconveniencing passengers. If this occurred in a crowded station, it would be understandable, but not here." Others chimed in with sentiments of approval or advising the man to avoid such activities at stations in the future.

Also read |&nbsp;<a href="https://www.wionews.com/india-news/india-tomato-prices-surge-to-five-times-normal-cost-triggering-social-media-memes-fest-613174">India: Tomato prices surge to five times normal cost, triggering social media memes fest. Take a look!</a>

The incident serves as a reminder of the risks individuals take for the sake of social media attention and raises important discussions about safety and appropriate behaviour in public spaces.

&nbsp;

WATCH WION LIVE HERE:

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A man learned the consequences of showcasing his acrobatic skills in an inappropriate setting when he was arrested for performing cartwheels on a railway platform.

A man learned the consequences of showcasing his acrobatic skills in an inappropriate setting when he was arrested for performing cartwheels on a railway platform. The Railway Protection Force (RPF) shared a video of the incident on their official Twitter handle, leading to a heated debate among Twitter users. While some praised the police action, others deemed it excessive. The RPF's tweet read, "A young man who gained fame for his reckless stunts at Manpur Junction was arrested by #RPF for creating nuisance and unauthorised entry. We hope this will serve as a lesson for others who put their lives at risk for likes and shares on social media. #SafetyFirst." The video shows the man standing on the platform and proceeding to execute cartwheels as onlookers watch in astonishment. WATCH THE VIDEO HERE: A young man who gained fame for his reckless stunts at Manpur Junction, was arrested by #RPF for creating nuisance and unauthorized entry. We hope this will serve as a lesson for others who put their lives at risk for likes and shares in social media. #SafetyFirst pic.twitter.com/qDCj9H9mFK — RPF INDIA (@RPF_INDIA) July 10, 2023 × Twitterati comment Since its posting on July 10, the video has garnered over 160,000 views, with the numbers steadily rising. Twitter users expressed a range of opinions, with some applauding the RPF's actions and others criticising them. Also read | Bumper discount by Indian Railways: Fares of AC trains slashed by 25 per cent One Twitter user commented, "Good work RPF. Railway stations are meant for safe travel with family and friends. However, many unauthorised individuals are often seen loitering around various stations." Another user countered, "I don't see any nuisance created by the person in this video. The railway platform appears quite empty, and he isn't inconveniencing passengers. If this occurred in a crowded station, it would be understandable, but not here." Others chimed in with sentiments of approval or advising the man to avoid such activities at stations in the future. Also read | India: Tomato prices surge to five times normal cost, triggering social media memes fest. Take a look! The incident serves as a reminder of the risks individuals take for the sake of social media attention and raises important discussions about safety and appropriate behaviour in public spaces. WATCH WION LIVE HERE:

WATCH | Cartwheel controversy: Arrest of acrobatic man on railway platform sparks Twitter debate

Maldives part of India’s Neighbourhood 1st policy

All eyes are set on the launch of Chandrayaan-3. ISRO will go ahead with the launch on July 14. World aspires for the success of India's ambitious moon mission. The US is keen to reap the advantages of this historic lunar voyage.

How the US plans to benefit from India's Chandrayaan-3

Chandrayaan-3: India aims for the moon again. ISRO is all set for the launch of Chandrayaan-3. The Chandrayaan-3 is set for launch on July 14. However, there is a slight change in plans. Instead of a success-based design like in Chandrayaan-2, ISRO opts for a failure-based design.

Chandrayaan-3: India's ISRO set for moon expedition | In-depth analysis

There have been Espionage tremors in a key Indian government Department. An employee of India's Ministry of Finance has been arrested on the charges of spying. He's accused of supplying secret and classified documents to Pakistan. Authorities arrested accused Naveen Pal in the northern Indian city of Ghaziabad next to Delhi.

Finance ministry employee arrested for spying

IND vs WI 1st test LIVE: Team India will play against the West Indies in two Tests, three ODIs, and five T20Is in their month-long Caribbean tour. The red-ball games will commence on Wednesday, July 12.

IND vs WI 1st test LIVE: Team India will play against the West Indies in two Tests, three ODIs, and five T20Is in their month-long Caribbean tour. The red-ball games will commence on Wednesday, July 12. The Men in Blue will be back on the field after a month since the World Test Championship (WTC) final debacle. However, Team India seek to make the most out of their tour as the new WTC cycle will begin, and the two-time finalists will be raring to go. BCCI has made significant changes to the team by giving Yashasvi Jaiswal and Ruturaj Gaikwad their maiden call-ups. Cheteshwar Pujara and Umesh Yadav are no longer part of the squad. Ajinkya Rahane, the best batter in the WTC final, will be the vice-captain of Team India for the India vs West Indies series. West Indies lost to South Africa in a Test series. The national team hasn't had a great run since they failed to qualify for Super 12 in T20 World Cup in 2022 and now the ODI World Cup in 2023. Thus, the upcoming series is crucial for both teams. IND vs WI Live Streaming How to watch IND vs WI LIVE in India? FanCode and JioCinema will telecast the upcoming India vs West Indies Test series on their app and website starting Wednesday, July 12. India's public broadcaster Doordarshan (DD), India's public broadcaster, will also live stream the IND vs WI matches. Furthermore, people with Disney+ Hotstar subscriptions can watch the matches on their devices. Here's a full list of the television broadcasters. India: DD Sports, JioCinema, FanCode, Disney+ Hotstar Africa: SuperSport App & Website. United States: Willow TV, Disney+ Hostar, ESPN+ United Kingdom: Sky Sports Cricket Australia: FoxSport App & Website Sri Lanka: DialogTV, PeoT Bangladesh: GaziTV Caribbean: Flow Sports (With inputs from agencies) Here's everything you need to know about the live-streaming details of the upcoming matches between India and West Indies. IND vs WI Test Series Full Schedule Wednesday, July 12 - Sunday, Jul 16 1st Test - India vs West Indies, Windsor Park, Dominica, 07:30 PM IST Thursday, July 20 - Monday, July 24 2nd Test - India vs West Indies, Queen's Park Oval, Trinidad, 07:30 PM IST IND Vs WI Test Head-to-Head Stats India and West Indies have locked horns in 98 matches in the history of Test cricket. India has emerged victorious in 22 games, while West Indies have won 30 matches. The 46 draws highlight the competitive nature of their encounters in Test cricket. IND vs WI Test Series Full Squad India Rohit Sharma (C), Ajinkya Rahane (VC), KS Bharat (WK), Ishan Kishan (WK), Ruturaj Gaikwad, Shubman Gill, Yashasvi Jaiswal, Virat Kohli, Ravichandran Ashwin, Ravindra Jadeja, Mukesh Kumar, Axar Patel, Navdeep Saini, Mohammed Siraj, Shardul Thakur, Jaydev Unadkat West Indies Kraigg Brathwaite (C), Jermaine Blackwood (VC), Joshua Da Silva (WK), Alick Athanaze, Rahkeem Cornwall, Shannon Gabriel, Jason Holder, Alzarri Joseph, Raymon Reifer, Kemar Roach, Tagenarine Chanderpaul, Kirk McKenzie, Jomel Warrican WATCH WION LIVE HERE

IND vs WI 1st test LIVE: Where and when to watch India vs West Indies 1st Test live streaming on mobile & TV

Roundup of all the market action around the world: Asia-Pacific markets are trading mixed ahead of key inflation data. This is expected out of India and the US later today. Economists polled by Reuters expect the US inflation rate for June to fall.

Global markets mixed ahead of key inflation data, US indices gain, gold prices rise

The crafts from the Kashmir valley are famous across the world to give further impetus to this, the crafts industry's young artists and the designers are incorporating new designs and techniques to create unique art pieces.

India: Artisans innovate to keep craftsmanship alive

Major accounting firms are increasing their investments in new facilities in smaller Indian cities as the demand for cheaper back-office operations rises, and these towns move up the economic value chain. Traditionally, multinational corporations have established operational centers in India's largest metropolises, such as Mumbai, Delhi, and Bengaluru, due to the availability of a large, low-cost talent pool, especially in the field of information technology. However, the sector has experienced a slowdown in global demand for software and encountered challenges in big urban centers, including rising costs, high attrition rates, and difficulties in getting workers back to the office after the pandemic.

According to a report by Ernst &amp; Young cited by Reuters, multinationals are now expected to establish 'global capability centers' in tier-2 cities like Jaipur, Vadodara, Kochi, and Chandigarh. By 2030, the number of such centers is projected to reach 2,400, creating 2.6 million jobs and contributing over $100 billion to the Indian economy. This shift means professionals can expect more opportunities and potentially higher salaries in these smaller cities. Factors such as rising wages, declining accounting graduates in developed countries due to the pandemic, and visa restrictions have positioned India as a global hub for business services, including taxation, data analytics, cybersecurity, and customer management. India has doubled its share in global services trade to over 4 per cent from 2 per cent in 2005, making it one of the world's leading exporters of services, as the World Trade Organization estimated.

Smaller cities and their untapped potential

Large accounting firms are seizing the opportunity to tap into the talent pool and competitive advantages offered by these smaller Indian cities. Deloitte, which already employs over 100,000 people in India, plans to hire an additional 50,000 staff members within the next three years and expand its presence in new locations. Similarly, KPMG aims to hire over 20,000 employees over the same period. PwC hired approximately 12,500 professionals in the last fiscal year and expects to hire a similar number this year. The move by these accounting giants is expected to provide relief to the labor market, which has experienced slower hiring in the manufacturing and IT sectors due to global growth concerns.

Prime Minister Narendra Modi has set a target of $400 billion for service exports in the current fiscal year, representing a 25 per cent increase from the previous year. Sunil Talati, president of the government-aided Services Export Promotion Council, believes that total services exports could surpass goods exports within the next five years, reaching $750 billion. Cities like Bhubaneswar in the eastern state of Odisha have witnessed the opening of offices by Deloitte, PwC, and IBM to cater to Indian and global clients.

The establishment of these new offices in smaller cities has not only provided employment opportunities but also stimulated other sectors. Educational institutions have introduced new courses to meet the demand, while property developers have launched building projects. Additionally, the demand for office space in smaller cities has surged, resulting in a rent increase of up to 10 per cent, as reported by Knight Frank consultancy.

Multinational and domestic accounting firms follow suit by moving their operations to smaller towns and increasing wages to retain skilled employees. Shortages of certified accounting professionals have been observed, prompting firms to adapt to the changing landscape and open offices in these emerging cities.

The trend of major accounting firms investing in smaller Indian cities signifies a significant shift in the country's business landscape. These cities are now being recognized for their potential in offering cost-effective solutions and a talented workforce, attracting global players and driving economic growth in previously untapped regions.

(With Inputs from Reuters)

Major accounting firms are increasing their investments in new facilities in smaller Indian cities as the demand for cheaper back-office operations rises, and these towns move up the economic value chain.

Major accounting firms are increasing their investments in new facilities in smaller Indian cities as the demand for cheaper back-office operations rises, and these towns move up the economic value chain. Traditionally, multinational corporations have established operational centers in India's largest metropolises, such as Mumbai, Delhi, and Bengaluru, due to the availability of a large, low-cost talent pool, especially in the field of information technology. However, the sector has experienced a slowdown in global demand for software and encountered challenges in big urban centers, including rising costs, high attrition rates, and difficulties in getting workers back to the office after the pandemic. According to a report by Ernst & Young cited by Reuters, multinationals are now expected to establish 'global capability centers' in tier-2 cities like Jaipur, Vadodara, Kochi, and Chandigarh. By 2030, the number of such centers is projected to reach 2,400, creating 2.6 million jobs and contributing over $100 billion to the Indian economy. This shift means professionals can expect more opportunities and potentially higher salaries in these smaller cities. Factors such as rising wages, declining accounting graduates in developed countries due to the pandemic, and visa restrictions have positioned India as a global hub for business services, including taxation, data analytics, cybersecurity, and customer management. India has doubled its share in global services trade to over 4 per cent from 2 per cent in 2005, making it one of the world's leading exporters of services, as the World Trade Organization estimated. Smaller cities and their untapped potential Large accounting firms are seizing the opportunity to tap into the talent pool and competitive advantages offered by these smaller Indian cities. Deloitte, which already employs over 100,000 people in India, plans to hire an additional 50,000 staff members within the next three years and expand its presence in new locations. Similarly, KPMG aims to hire over 20,000 employees over the same period. PwC hired approximately 12,500 professionals in the last fiscal year and expects to hire a similar number this year. The move by these accounting giants is expected to provide relief to the labor market, which has experienced slower hiring in the manufacturing and IT sectors due to global growth concerns. Prime Minister Narendra Modi has set a target of $400 billion for service exports in the current fiscal year, representing a 25 per cent increase from the previous year. Sunil Talati, president of the government-aided Services Export Promotion Council, believes that total services exports could surpass goods exports within the next five years, reaching $750 billion. Cities like Bhubaneswar in the eastern state of Odisha have witnessed the opening of offices by Deloitte, PwC, and IBM to cater to Indian and global clients. The establishment of these new offices in smaller cities has not only provided employment opportunities but also stimulated other sectors. Educational institutions have introduced new courses to meet the demand, while property developers have launched building projects. Additionally, the demand for office space in smaller cities has surged, resulting in a rent increase of up to 10 per cent, as reported by Knight Frank consultancy. Multinational and domestic accounting firms follow suit by moving their operations to smaller towns and increasing wages to retain skilled employees. Shortages of certified accounting professionals have been observed, prompting firms to adapt to the changing landscape and open offices in these emerging cities. The trend of major accounting firms investing in smaller Indian cities signifies a significant shift in the country's business landscape. These cities are now being recognized for their potential in offering cost-effective solutions and a talented workforce, attracting global players and driving economic growth in previously untapped regions. (With Inputs from Reuters)

Urbanisation reversed: Why major accounting firms are ditching India's metropolises

The Western Himalayan Region, Punjab, Haryana, Delhi, Rajasthan, and Uttar Pradesh will experience isolated heavy to very heavy rainfall on Monday, according to the India Meteorological Department (IMD). Due to damage to a part of the Jammu-Srinagar Highway near Ramban, the Amarnath Yatra was postponed from Jammu for a third day in a row on Monday. Due to heavy rain and landslides, the yatra was put on hold on Friday.

Amarnath Yatra pilgrims brave weather, reach base camps

Monsoon's fury over the weekend has had a devastating impact across North India. As many as 22 people have been killed in landslides or rain-related incidents. A yellow alert has been issued in Delhi for the next 24 hours and an orange alert has been issued for Haryana. The situation is tense over 38 National Disaster Response Force team members have been deployed in the Indian states of Punjab, Uttarakhand and Himachal Pradesh to carry out rescue operations. The weather body has issued an alert for the national capital for a flood-like situation as the river Yamuna has now breached the warning mark.

IMD warns Delhi of flood-like situation

In a seal of approval on India's growth story, investment bank Goldman Sachs has said the country is poised to become the world's second-largest economy by 2075, surpassing the likes of Japan, Germany and the United States.

In a seal of approval on India's growth story, investment bank Goldman Sachs has said the country is poised to become the world's second-largest economy by 2075, surpassing the likes of Japan, Germany and the United States. The recent report states that favourable demographics, innovation and technology, higher capital investment and rising worker productivity will drive India's growth. Currently, India is ranked the world's fifth-largest economy, trailing Germany, Japan, China and the US. “Over the next two decades, the dependency ratio of India will be one of the lowest among regional economies,” said Goldman Sachs Research’s India economist, Santanu Sengupta. “India has made more progress in innovation and technology than some may realise. Yes, the country has demographics on its side, but that’s not going to be the only driver of GDP. Innovation and increasing worker productivity are going to be important for the world’s fifth-biggest economy. In technical terms, that means greater output for each unit of labour and capital in India’s economy," said Sengupta. The report highlighted the Indian government's focus on infrastructure development in terms of roads, railways and other metrics may very well drive the growth locomotive. It argued that the time was ripe for the private sector to take the plunge and create capacity in manufacturing and services in order to generate more jobs and absorb the large labour force. WATCH | India: Leading light of the global economy, to replace China as World's growth engine × The risks associated The only concern that may stall India's growth would be if the labour force participation rate does not increase as projected, the report states. “The labour force participation rate in India has declined over the last 15 years," it noted, adding, "If you have more opportunities - especially for women because the women’s labour force participation rate is significantly lower than men’s - you can shore up your labour force participation rate, which can further increase your potential growth." Also read | Foxconn pulls out of $19.5bn semiconductor deal in India, minister says ‘won’t impact fab goals’ Net exports have also had a negative impact on India's growth but the report took an optimistic view and said the service exports had been cushioning current account balances. India has age by its side According to a Time Magazine report, nearly half the population of India (650 million people) is below the age of 25 - meaning the country won't be hitting its peak until 2065. Adults aged 65 and older comprise only seven per cent of the population compared with 14 per cent in China and 18 per cent in the US. The share of Indians who are 65 and older is likely to remain under 20 per cent until 2063 and will not approach 30 per cent until 2100, under the UN’s medium variant projections. The Goldman report is batting for this demography to come good which may propel India beyond the US, one of the biggest superpowers of the century gone by. The report, released on the same day it was announced that the Foxconn-Vedanta mega semiconductor production facility was off the table may come as a booster shot of confidence for the Indian government. (With inputs from agencies) WATCH WION LIVE HERE:

India to overtake US to become second-largest economy by 2075: Report

India is strengthening its military muscle. Enlocking a multi-billion-dollar defence deal with US. India is shifting its focus towards the West. One of the highlights of PM Modi's recent visit to the U.S. was New Delhi's multi-billion-dollar defence deal. The recent deal is not primarily aimed at shifting reliance on Russian defence equipment or aligning with the West. Instead, analysts emphasise that India’s focus is on developing its own domestic weapons industry.

Why US military deals are not enough to wean India off Russian arms yet

India aims for the moon again. ISRO is all set for the launch of Chandrayaan-3. The Chandrayaan-3 is set for a launch on July 14. However, there is a slight change in plans. Instead of a success-based design like in Chandrayaan-2. ISRO opts for a failure-based design. But what's the reason?

Why ISRO opted for a 'failure-based design' in Chandrayaan-3

India is projected to surpass the United States as the world's third-largest economy by 2075. India's economic rise is driven by its booming population and advancements in technology, which position the country to challenge the global economic status quo.

India's growing global influence: on the path to become second-largest economy

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