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Microphone, ink attack on Rakesh Tikait in Bengaluru -KM Rakesh

-The Telegraph Bharatiya Kisan Union leader was addressing the media at Gandhi Bhavan when a man rushed to the dais, grabbed a mic and hit him Farmer leader Rakesh Tikait was attacked with a microphone and had ink thrown at him amid alleged chants of “Modi, Modi” in Bangalore on Monday, foregrounding a contested claim that an attempt had been made to buy off some of those who took part in the...

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Stagflationary risk to India quite low compared to other countries: CEA

-PTI/ Business Standard V Anantha Nageswaran also ruled out recession hitting India, given its macroeconomic fundamentals Chief Economic Adviser V Anantha Nageswaran on Tuesday ruled out the risk of stagflation for India, saying the economy is better placed than other nations. Stagflation is the phase when an economy faces moderation in GDP growth as well as high inflation. "Compared to the experience of many developed and developing countries, India is somewhat better placed and...

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Centre warns of CBI, EoW action against post-dated wheat export LCs -Sanjeeb Mukherjee

-Business Standard Since wheat export was Banned on May 13, the government has been cracking down on exporters who are waiting to have their orders cleared on the basis of invalid LCs Serving a warning to unscrupulous wheat exporters, the government on Monday said if after a probe it was found they had issued post-dated letters of credit (LCs), they would be proceeded against under the Foreign Trade Act. It can take help...

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Why India’s heatwave holds lessons for the world -Ishan Kukreti

-Scroll.in A global wheat crisis has made the world pay attention to India’s scorching temperatures. But more needs to be done to make agriculture climate resilient. India experienced its hottest March this year since the Indian Meteorological Department started recording weather data in 1901. April was no better: the heatwave continued and 14 weather stations breached their previously registered highest temperature records. The heatwave made global headlines since it scorched the wheat crop...

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Economy Facing Stagflation: Need to Improve Supplies and Keep up Demand -Arun Kumar

-Newsclick.in The economy faces stagflation. The steps announced by the government are a start. More needs to be done to eliminate supply bottlenecks without curtailing demand. The Government, worried about the inflation rapidly inching up month after month, has finally become pro-active. The steps announced are designed to lower the prices of basics like diesel, steel, cement and plastics. Wholesale Price Index (‘WPI’) has risen at more than ten per cent for...

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