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Top five news stories to watch out for on July 4, 2019

| Updated on July 04, 2019 Published on July 04, 2019

A peek into the most important events happening in India and around the world

Economic Survey: CEA Krishnamurthy Subramanian will table the Economic Survey will in Parliament on July 4. The survey, which brings out the economic trends in the country, helps in understanding the needs of the economy. It will analyse the trends in agricultural and industrial production, infrastructure, employment, money supply, prices, imports, exports, foreign exchange reserves and other relevant economic factors which have a bearing on the Budget. The Economic Survey provides the complete policy perspective for the Union Budget.

Reverse repo auction: The RBI will hold a reverse repo auction of Rs 25 thousand crore of 63-day duration on Wednesday. Analysts see this move as a way for the central bank to drain excess cash in the economy. Watch out for the bond market's reaction to the event.

Japan-Korea trade tension: Japan will impose restrictions on the export of materials used in smartphone displays and chips to South Korea today. These curbs are being enforced by Japan amid a growing dispute over forced labour camps in South Korea when it was colonised by the island nation. The tighter export controls could slow the export process by several months, hitting South Korean tech giants, including Samsung Electronics and SK Hynix.

July Fourth celebration:  US President Donald Trump will speak at a “Salute to America” event to mark the nation's Independence Day. The event will feature military bands and flypasts from the US Navy's Blue Angels and Air Force One, M1 Abrams battle tanks, a B-2 bomber, F-35 and F-22 fighter jets among others. The Democrats, the opposition party,  are worried that Trump would use the event as a re-election campaign rally.

Cricket world cup: Afghanistan will take on  West Indies on July 4. Both teams look to win their maiden victory in this World Cup. Both West Indies and Afganistan are at the bottom of the points table at 9th and 10th place respectively. The Indies' last match was against Sri-Lanka where Nicholas Pooran’s sensational century went in vain as Avishka Fernando set up Sri Lanka’s thrilling 23-run win over West Indies with a maiden hundred in an inconsequential World Cup match on July 1. Afghanistan last played Pakistan on June 28 where Pakistan won by 3 wickets.

Published on July 04, 2019
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