Good Morning Folks!!! Did you know that one of the world's most iconic landmarks was initially meant to be a temporary structure? This towering edifice, constructed for a world's fair, was almost dismantled after the event. Its unique design, however, captivated the public, and it became a permanent symbol of the city. Can you guess which landmark this is? Stay tuned till the end to find out!

AERONAUTICS
IATA Warns of Risk to India’s Aviation Growth Amid GST Dispute

One Liner: IATA warns that India’s GST show-cause notices to 10 foreign airlines could threaten the country’s aviation potential.

The International Air Transport Association (IATA) has expressed concern over India’s Directorate General of Goods and Services Tax Intelligence (DGGI) issuing show-cause notices to 10 international airlines, including British Airways and Emirates, over ₹10,000 crore in GST dues. IATA criticizes the move as flawed and warns it could stifle India’s burgeoning aviation sector. The global trade body urges the Indian government to address this issue urgently, highlighting that such practices are unprecedented globally and could hinder India’s aviation growth.

TRADE
Government Fast-Tracks Business Visas for Chinese Technicians to Boost Manufacturing

One Liner: India streamlines visa approvals for Chinese technicians to accelerate manufacturing projects and support key industries.

The Indian government has introduced a fast-track visa approval process for Chinese technicians to support manufacturing projects in the country. Effective from August 1, the new guidelines streamline visa applications, requiring responses from relevant departments within 28 days. This move aims to boost manufacturing in key sectors covered by the Production Linked Incentive (PLI) schemes, addressing previous delays that impacted industries like electronics and textiles. The automated system promises quicker processing and improved efficiency, helping companies invest and establish manufacturing units in India without facing prolonged visa-related issues.

TECH
Amazon India Chief Manish Tiwary Resigns Amidst Rising Competition

One Liner: Amazon India's chief Manish Tiwary resigns as the company shifts focus and faces intense competition from rivals in a crucial market.

Manish Tiwary, head of Amazon’s India operations, is resigning to pursue new opportunities. His departure comes as Amazon refocuses on its cloud business and scales back other initiatives, including food delivery. Amazon faces stiff competition from rivals like Flipkart and Meesho, which have strong footholds in smaller cities and surpass Amazon in user engagement. Urban areas are also seeing fierce competition from quick commerce firms. Despite these challenges, Amazon remains optimistic about future opportunities in India. Amit Agarwal will continue to support the team during this transition.

WORLD

The Japanese yen has declined further after Bank of Japan (BOJ) Deputy Governor Shinichi Uchida stated that the BOJ would not raise interest rates amid current market instability. Uchida emphasized the need to maintain the central bank's current monetary policy to support economic recovery and stabilize financial markets. This decision reflects concerns about global economic uncertainty and pressure on the yen, as Japan navigates challenges like inflation and external economic factors affecting its currency value.

Japan marked the 79th anniversary of the Hiroshima atomic bombing, with Prime Minister Fumio Kishida and dignitaries attending a memorial ceremony. The event included a moment of silence and calls for global nuclear disarmament amid rising geopolitical tensions. Survivors and officials emphasized the importance of peace and the need to prevent future nuclear tragedies. The anniversary serves as a reminder of the devastating impact of nuclear weapons and the ongoing efforts to promote international peace and security.

China's Ministry of Foreign Affairs has strongly criticized the U.S. for approving a military aid package to Taiwan worth up to $345 million. Beijing considers this move a serious violation of the "One China" policy and accuses the U.S. of interfering in its internal affairs, warning of potential countermeasures. The aid package includes defense equipment and logistics support, escalating tensions between the U.S. and China as they continue to dispute Taiwan's sovereignty and security issues in the region.

Foodie Stop: Bangalore Chicken Kebab Roll from Paratha Envy

Interactive Events: Boardgame Meetup

Workshop: Origami Workshop

Riddle

I speak without a mouth and hear without ears. I have no body, but I come alive with the wind. What am I?

ANSWER TIME!!

Answer(Trivia): The Eiffel Tower

Answer(Riddle): An Echo