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At Global South Summit, PM Modi says terrorism, extremism serious threats for societies

During the 3rd Voice of Global South Summit, the head of Bangladesh’s interim government, Mohammad Yunus, also attended the summit.

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At the 3rd Voice of Global South Summit, Prime Minister Narendra Modi on Saturday expressed his concern over the uncertainty in the world saying terrorism, extremism, and separatism pose a serious threat to our society.

Addressing the Summit being held virtually, PM Modi asserted that war-like situations have raised challenges in the developmental journey. The world is already facing the challenges of climate change, but countries are also worried about health, food, and energy security.

He also pointed out that the technology divide and economic and social challenges related to technology are also coming forward. The PM added that Global Governance and Financial Institutions built in the last decade have proven to be incapable of fighting the challenges faced in this century.

During the 3rd Voice of Global South Summit, the head of Bangladesh’s interim government, Mohammad Yunus, also attended the summit.

In inclusive growth, the contribution of digital public infrastructure is no less than a revolution, PM Modi emphasised. This was the first multilateral consensus on the Global DPI Depository formed during India’s G20 Presidency, he said. India will make an initial contribution of $25 million to the Global DPI Fund, PM Modi announced.

“Our mission for health security is ‘One World, One Health’ and our vision is ‘Aarogya Maitri’, meaning ‘Friendship for Health’, PM Modi said at the Summit. During the humanitarian crisis, India helps its friendly countries as a first responder, he reminded.

The Voice of Global South Summit is a platform where countries can give voice to the needs and aspirations of those who remain unheard, said PM. He believes that “our strength lies in our unity, and we will move in a new direction.”

PM Modi also spoke on the UN organising the ‘Summit of the Future’ next month, where deliberations are going on for the ‘Pact for the Future’. Speaking on that, PM Modi appealed for a positive approach so that all the nations raise the voice of the Global South through this Pact.

During his closing remarks at the Summit, PM Modi said today’s discussions have paved the way to move forward with mutual cooperation. He believed that this would help Global South countries achieve shared goals faster. He presented a mutual Global Development Compact on behalf of India based on India’s developmental journey and shared experiences.

He said this compact was decided upon by countries of the Global South inspired by developmental priorities. This will be human-enteric and multidimensional for development and promote a multisectoral approach, he added. This development will not dominate the needy countries for loans in the name of finance, adding that the focus will be on trade for development, capacity building for sustainable growth, technology sharing, project-specific concessional finance, and grants.

To promote trade promotional activities, India will start a fund of $2.5 million including a $1 million fund that will be provided for capacity building and trade promotion, he asserted.

India News

Delhi High Court denies interim relief to Telegram in challenge against NEET-related ban

Telegram did not receive interim relief from the Delhi High Court in its challenge to the Centre’s temporary restriction imposed before the NEET-UG 2026 re-examination.

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Delhi High Court issues notice to the Centre but does not stay the temporary restriction imposed ahead of the NEET-UG 2026 re-examination.

Messaging platform Telegram has not received interim relief from the Delhi High Court in its challenge to the Centre’s temporary restriction on the app ahead of the NEET-UG 2026 re-examination.

The court issued notice to the Union government and agreed to hear the matter, but did not pass any immediate order suspending the restriction. The temporary curbs were imposed until June 22 as part of measures aimed at preventing exam-related fraud and the circulation of fake paper leak claims before the June 21 re-test.

Telegram has argued that the restriction affects millions of users and is disproportionate to the alleged misuse by a small number of individuals. The company has also questioned the legality and procedure followed while imposing the restriction.

During the proceedings, the Centre defended its decision, maintaining that the measure was necessary to protect the integrity of the high-stakes medical entrance examination. Government representatives argued that Telegram had been used to spread leaked exam material, misinformation and fraudulent claims linked to the examination process.

The court sought the Centre’s response and scheduled further consideration of the matter. Until a final decision is reached, the temporary restriction remains in effect.

The dispute comes amid heightened scrutiny of examination security following the cancellation of the original NEET-UG 2026 exam and the decision to conduct a re-examination for affected candidates.

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India News

IT stocks drag markets lower as Accenture outlook sparks selloff

A sharp selloff in IT stocks after Accenture’s weak outlook weighed on Indian markets, pushing Sensex and Nifty lower while major technology shares recorded significant losses.

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Indian equity benchmarks came under pressure on Friday as a sharp decline in information technology stocks erased a portion of the gains made during the recent market rally. Weak guidance from global technology services giant Accenture triggered concerns about demand trends in the IT sector, leading to broad-based selling across major Indian technology companies.

The benchmark Sensex and Nifty opened lower, while the Nifty IT index emerged as the worst-performing sectoral gauge of the day. Shares of major IT firms, including TCS, Infosys, Wipro and HCLTech, witnessed steep declines as investors reacted to concerns over slowing technology spending and limited visibility on future demand.

Accenture guidance rattles investor confidence

Market sentiment weakened after Accenture reported quarterly results and revised its revenue outlook, citing softer demand conditions. The development raised concerns about the broader global technology services industry, particularly for Indian IT companies that derive a significant portion of their revenue from overseas clients.

Analysts noted that Accenture’s cautious commentary added to existing worries about discretionary technology spending and delayed client decision-making. The company’s outlook is often viewed as an indicator of global demand trends for IT services.

Nifty IT sees sharp decline

The Nifty IT index dropped more than 5%, with all constituent stocks trading in negative territory. TCS, Infosys, Wipro and HCLTech were among the major laggards, falling between roughly 3% and 8% during trading.

The weakness in technology shares also weighed on broader market sentiment, ending the momentum seen in recent sessions. Investors turned cautious amid concerns about global growth, technology spending trends and earnings visibility for export-focused IT companies.

Broader market under pressure

Apart from the IT selloff, analysts pointed to profit-booking after the recent rally, weaker global cues and risk aversion among investors as additional factors behind the market decline. Mid-cap and small-cap indices also traded lower, reflecting broader weakness across sectors.

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India News

PM Modi extends birthday wishes to Rahul Gandhi, prays for his good health

PM Narendra Modi extended birthday greetings to Rahul Gandhi on his 56th birthday, wishing the Congress leader good health and a long life.

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Prime Minister Narendra Modi on Friday extended birthday greetings to Congress leader and Leader of the Opposition in the Lok Sabha, Rahul Gandhi, on the occasion of his 56th birthday.

In a post on X, PM Modi conveyed his wishes for Rahul Gandhi’s well-being and longevity. He described the Congress MP as the Leader of the Opposition in the Lok Sabha and prayed for his good health and a long life.

Rahul Gandhi, one of the senior-most leaders of the Congress party, celebrated his 56th birthday on June 19. He currently serves as the Leader of the Opposition in the Lok Sabha.

The Prime Minister’s message was noted as a gesture of courtesy between leaders from rival political parties, who frequently engage in sharp political debates on national issues.

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