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.
The funniest part about pig politicisation is that it is based on ignorance. Hindus and Christians can eat all the pork they want and keep pigs as pets—that does not bother Muslims.
India’s fast-growing data centre sector may strain state electricity networks; Central Electricity Authority has urged Maharashtra, Andhra Pradesh, Telangana and Tamil Nadu to boost capacity.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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