Current Affairs 28 July 2020

  1. BJP MLA files fresh petition in Rajasthan HC against 6 BSP MLAs’ merger in Congress

A second petition has been filed by the BJP against the six BSP MLAs who had merged with the Congress last year. A day after the first plea was junked by the Rajasthan High Court, BJP MLA Madan Dilawar filed a new petition in the HC on Tuesday against the merger of the BSP MLAs into the Congress. The HC bench dismissed the plea as “having become infructuous” after the legislator’s counsel Harish Salve told the court that his client was informed by the Speaker’s secretariat that an order dismissing his complaint has been passed. “A communication has been received from speaker’s secretariat today which says an order has been passed by the speaker and as such the writ petition has become infructuous and we need to file a fresh petition challenging that order,” Salve told the court.

  1. Gold hits record, gets more precious as dollar loses value

Gold hurtled to record peaks on Tuesday before the sheer scale of its gains drew a burst of profit taking, which lifted the dollar from two-year lows and curbed early equity gains. The precious metal had stormed almost $40 higher at one point to reach $1,980 an ounce XAU=, only for a wave of selling to slap it back to $1,947 in wild trade. Gold is still up over $130 in little more than a week as investors wager the Federal Reserve will reaffirm its super-easy policies at a policy meeting this week, and perhaps signal a tolerance for higher inflation in the long run. “Fed officials have made clear that they will be making their forward guidance more dovish and outcome-based soon,” wrote analysts at TD Securities. “The chairman is likely to continue the process of prepping markets for changes when he speaks at his press conference.”

  1. North Korea leader Kim Jong Un boasts of his nukes amid stalled talks with US

North Korea leader Kim Jong Un said his country’s hard-won nuclear weapons were a solid security guarantee and a “reliable, effective” deterrent that could prevent a second Korean War, state media reported Tuesday. Kim’s comments before war veterans marking the 67th anniversary of the end of the 1950-53 Korean War again show he has no intention of abandoning his weapons as prospects dim for resuming diplomacy with the United States. Kim said in his speech Monday his country has tried to become “a nuclear state” with “an absolute might” to prevent another war and that it has now built such a deterrent, according to the Korean Central News Agency. “Now, we’ve changed to a country which can defend itself reliably and unwaveringly against high-intensity pressures and military threats and blackmailing by imperialistic reactionaries and hostile forces,” Kim said.

Leave a Reply