 "Apple CEO Tim Cook. Apple is expected to announce a bunch of new software features, especially those that involve AI, for all of their devices at the upcoming WWDC. AP")
It is set to be a busy Monday, with several crucial domestic and international events lined up for 10 June.
Halfway across the world, in the US, Apple’s annual Worldwide Developers Conference (WWDC) is set to kick off, with a focus on artificial intelligence (AI). In Russia, the BRICS Council of Foreign Ministers will meet in Nizhny Novgorod. Pakistan’s government is expected to seek approval for its Public Sector Development Programme (PSDP) from the Economic Coordination Committee ahead of presentation of its budget.
In India, Odisha is set for the swearing-in ceremony of its new BJP-led government. The police custody of former MP Prajwal Revanna expires on June 10, with the investigation into his sexual harassment cases continuing. The National Stock Exchange (NSE) will introduce a 1 paisa tick size for all stocks below Rs 250.
We dig deeper into each of these developments.
Apple’s Worldwide Developers Conference (WWDC)
Apple’s annual Worldwide Developers Conference (WWDC) kicks off today, with artificial intelligence (AI) expected to be a major highlight. The tech giant is anticipated to unveil iOS 18 for the iPhone, along with updates to other operating systems. AI enhancements, particularly in Siri, are rumored to be branded as ‘Apple Intelligence’ and will likely integrate across Apple’s suite of apps to improve user experience.
BRICS Council of Foreign Ministers meeting
Russia anticipates the participation of 20-25 countries, including the ten BRICS member states, at the BRICS Council of Foreign Ministers meeting in Nizhny Novgorod today. Russian Ambassador-at-large Pavel Knyazev confirmed the attendance of several BRICS-friendly countries. The meeting, which runs through June 11, is expected to address various geopolitical and economic issues facing the member nations and their allies.
Impact Shorts
More ShortsPakistan’s budget approval process
The Pakistan government is set to present its budget with an outlay of approximately Rs 18 trillion for the financial year 2024-25 on June 12. Before tabling the budget in the National Assembly, approval will be sought from the Economic Coordination Committee today for the Public Sector Development Programme (PSDP) and annual development funds. This step is crucial for the government’s fiscal planning and development initiatives for the upcoming year.
Swearing-in ceremony of Odisha’s new government
Odisha will witness the swearing-in ceremony of its new state government today. The Bharatiya Janata Party (BJP) has won a majority in the Assembly state elections, marking the end of the decades-old Naveen Patnaik government. Odisha Chief Secretary Pradeep Kumar Jena announced that over 30,000 people, including senior guests and VIPs from various sectors, will attend the ceremony.
Police custody of Prajwal Revanna to expire
The police custody of former MP Prajwal Revanna, arrested on 31 May for sexual harassment charges, expires today. Revanna, who was apprehended by the Karnataka Police at Bengaluru’s Kempegowda International Airport, was later taken into custody by a special investigation team (SIT). The SIT sought the opinion of a panel of doctors at the Shri Atal Bihari Vajpayee Medical College and Research Centre in Bengaluru on Revanna’s physical and psychological functioning. The expiration of his custody marks a critical point in the ongoing investigation.
NSE introduces 1 paisa tick size
Starting Monday, the National Stock Exchange (NSE) will implement a 1 paisa tick size for all stocks below Rs 250. This change aims to improve liquidity and price discovery by encouraging traders to implement more trading strategies. Previously, the tick size for all stocks above Rs 15 was 5 paise. The move follows the Bombay Stock Exchange’s (BSE) implementation of a similar tick size for stocks below Rs 100 in March last year.