News updates: UBS cuts China 2024 GDP growth forecast to 4.6%

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UBS Investment Bank on Wednesday cut its 2024 GDP growth forecast for China to 4.6 per cent from 4.9 per cent, as it expects weaker property activity to have bigger drag on the overall economy than previously assumed. It also cut its 2025 GDP growth forecast for the country to 4 per cent from 4.6 per cent, according to a note.

Government on Wednesday approved the appointment of new heads for Central Armed Police Forces (CAPF). Daljit Singh Chaudhary has been appointed has BSF DG. While Bihar DGP RS Bhatti is new CISF DG.

Speaking at the Global Fintech Fest, RBI Governor Shaktikanta Das said that to ensure robust consumer protection is essential for enhancing people's trust in the financial system. Talking about the Fintech sector he asserted that India's Fintech industry has seen remarkabale transformation, propelled by rapid digitalisation in the recent years.

India's competition regulator has approved the $8.5 billion merger of Reliance Industries and Disney's Indian media assets, subject to certain voluntary modifications, it said in a post on social media platform X on Wednesday.

In an interview with India Today, actor-politician Kangana Ranaut said that she will be careful with her words, after being  reprimanded her party. 

TMC leader Derek O'Brien has written to Leader of the House in Rajya Sabha J P Nadda expressing concern over the delay in the re-constitution of Department-related Parliamentary Standing Committees (DPSCs), saying that it has profound implications for the democratic process.

"This has profound implications for our democratic process and the quality of legislation enacted. Allow me to point out that in recent years, there has been a marked reduction in the number of Bills referred to parliamentary standing committees or select committees for thorough scrutiny," O'Brien said in his letter to Nadda dated August 27.

Heavy rainfall continued to affect parts of Gujarat on Wednesday with at least 15 persons dead in rain-related incidents, while more than 20,000 were evacuated and over 300 rescued in different districts as administration carried out relief and rescue operations on a large scale. While rain intensity reduced on Tuesday compared to a day ago, affecting mainly districts in the Saurashtra region, administration carried out rescue and relief operations on a large scale, shifting thousands of people to shelters. 

Facing criticism from the Opposition, BJP leader Ashish Shelar on Tuesday said he was apologising to people on behalf of the Maharashtra government over the collapse of Shivaji Maharaj's statue in Sindhudurg district.

The 35-foot statue of the 17th century Maratha empire founder, unveiled by Prime Minister Narendra Modi at Rajkot Fort on December 4 last year, collapsed on Monday afternoon. "The collapse of Chhatrapati Shivaji Maharaj's statue is absolutely unfortunate, painful and distressing. We apologise to all the residents of Maharashtra on behalf of the government over this incident," Shelar, who heads the Mumbai BJP unit, told reporters.