England’s consumer inflation hit a 40-year high of 9.4% in June, over 4 times the Bank’s 2% target. Putin’s weaponisation of gas supplies will drive inflation even higher, some feared.
RBI has so far taken a leaf each from the US Fed & ECB’s books to manage bond yields using unconventional tools, as inflation keeps it from cutting rates.
From disruption to supply routes due to higher temperatures to rising sea levels, drought & land degradation increasing migration, extreme weather is causing economic shocks.
New Delhi’s new modus operandi vis-à-vis responding to Pakistan undermines Islamabad’s asymmetric nuclear posture, particularly its battlefield nuclear weapons.
On Wednesday, Washington imposed 126% on Indian solar imports, saying New Delhi unfairly subsidised manufacturing. Analysts say this could shut exporters out of the US market.
COMMENTS