Widening conflict in West Asia has pushed global oil prices, and that could fan inflation in India, which is the third-largest oil importer and consumer.
Global rice prices soared to their highest level in over 15 years following India's decision last year to ban the export of white rice and impose a 20% duty on parboiled rice exports.
Global media also reports on Opposition 'largely holding together' despite pressures, sustained inflation & rising food prices, and role of freebies in ongoing general election.
Haryana saw 2nd-highest inflation rate in India last month. State govt pegs it on ‘purchasing power’, opposition on ‘mismanagement’, and economists on food prices & poor supply chains.
Data shows retail inflation eased in August as food prices moderated, but remained above upper end of RBI’s target band for a 2nd consecutive month, keeping policymakers watchful.
India's retail inflation in July rose to 7.44%, its highest in 15 months, breaching the RBI's upper tolerance level of 6% for the first time since February 2023.
For all their colonial underpinnings, postcards from Hyderabad also inadvertently preserve a trace of local memory: a glimpse of a street, a face, a forgotten name.
Indian toymakers are now exploring new markets, but they want govt to negotiate a trade deal with US soon, introduce incentives and subsidies to make the industry more competitive.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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