Gujarat Banking Strike Brings Financial Activity to a Halt
On July 9, banking operations across Gujarat were severely impacted as nearly 20,000 employees joined a coordinated industrial strike. Over 3,500 branches reported service disruptions, with transactions worth approximately ₹15,000 crore left unprocessed. While ATMs remained mostly functional, customers faced challenges with cheque clearances and in-branch cash services, causing widespread inconvenience.
Bharat Bandh Sees Massive Worker Mobilization Nationwide
A nationwide Bharat Bandh saw participation from over 25 crore workers, making it one of the largest protests in recent times. The strike organized by central trade unions and supported by farmer groups voiced strong opposition to ongoing privatization efforts, labor reforms, and rising costs of living. Sectors such as transport, banking, and postal services experienced major slowdowns, though educational institutions and emergency services operated as usual in most states.
Temporary Reuters Ban Sparks Debate on Digital Transparency
Social media platform X (formerly Twitter) disclosed that the Indian government issued a takedown order blocking key Reuters News accounts, including @ReutersIndia, under Section 69A of the IT Act. The accounts were restored two days later after receiving widespread backlash. The government denied issuing any new orders, raising concerns over transparency and internal communication within regulatory frameworks for digital media.
Indo-US Trade Agreement on the Horizon
India is reportedly finalizing a “mini trade deal” with the United States, following recent extensions in U.S. tariff relief. According to Commerce Minister Piyush Goyal, India remains firm on defending its strategic trade interests and is not rushing into commitments. The expected agreement could benefit sectors such as pharmaceuticals, agriculture, and electronics manufacturing, signaling stronger bilateral cooperation ahead.
Indian Railways Revises Ticket Fares Slightly
Starting July 1, Indian Railways implemented a slight fare increase for both AC and non AC travel classes. Officials cited higher operational costs and inflationary pressure as reasons for the change. Though the adjustment is modest, frequent travelers are encouraged to check the updated fare chart before booking. The revenue boost will likely be used for infrastructure development and service upgrades.
