| Good morning! India's retail inflation declined moderately to 7.04% in May from a year ago, compared to an eight-year high of 7.8% in April, helped by a favourable base effect. Consumer prices, however, continued to breach the Reserve Bank of India's (RBI) upper limit of 6% for the fifth straight month, official data released on Monday showed. HT brings you a round-up of the most important and interesting stories, so you don't miss your daily dose of news. |
| THE BIG STORY Inflation eases to 7.04% but over comfort zone India's benchmark inflation rate, as measured by the Consumer Price Index (CPI), came down to 7.04% in the month of May from an eight-year high of 7.79% in April, although the dip has more to do with the base effect than other factors. The May number is largely in keeping with a Bloomberg forecast of economists, which had projected the May CPI number to be 7.1%. Read more. |
| STORIES YOU MAY HAVE MISSED Sold! TV, digital rights in ₹44k-cr IPL windfall Heatwave to scorch north India till June 15, Delhi sears at 43.7°C India may allow wheat exports to Indonesia in exchange for palm oil Recruitment model for soldiers to create an 'Agniveer' rank |
| The Big Question Will the ED's questioning of Rahul Gandhi in the Herald probe lead to nationwide unrest by the Congress? The Enforcement Directorate (ED) on Monday questioned Congress leader Rahul Gandhi in connection with its money laundering probe linked to the National Herald newspaper even as Congress leaders from across the country congregated in Delhi and sought to march from the party headquarters to the agency's office despite no police permission. Read more. |
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THE DAILY QUIZ QUESTION He's 5'6" tall, hails from Hyderabad and just became the third highest scorer among active male footballers, with 82 international goals. Ronaldo and Messi lead the chart. Name the Indian football talisman who dons the #11 jersey. |
| FROM THE EDIT PAGE India should take a leaf out of China's playbook Two years have passed since the deadly Galwan Valley clash of June 2020, but some elements of the crisis remain a mystery. Why did China choose to violate existing agreements, disturb peace and stability at the border? Why did it reverse the progress made in bilateral relations in the last 45 years? Some argue this was China's reaction to India revoking the special semi-autonomous status of Jammu and Kashmir in 2019. Others see an infrastructure arms-race at the Line of Actual Control (LAC) as the immediate trigger. Still others believe the intensifying great power competition between China and the United States is responsible for deteriorating China-India ties. Against this backdrop, a survey of China's internal debates and discussions on India in the years preceding the Galwan clash and thereafter, provide important cues. Read more. |
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| NUMBER THEORY Global and local inflation concerns remain elevated India's retail inflation stood at 7% in May, lower than the eight-year high of 7.8% in April. The high rate at which prices are rising both domestically and globally is a matter of economic concern. Read more. |
| FROM THE FIELD Long walk to water across Bundelkhand's bone dry villages Twenty eight-year-old Nanhi Gond looks ruefully at the handpump, fiddling with its lever — just in case. But the tap is bone dry, just as it has been for the past two months. It's 2pm, and an unforgiving sun is beating down on the village of Bilhata, where the temperature is in high 40s. Gond, and five members of her family, join a queue of residents from the village, plastic pots on top of their heads, and begin a two kilometre-long journey deep inside the Panna Tiger Reserve. The timing is important. For the villagers of Bilhata compete for the two buckets of water they each seek; not with other people, but with Panna's wildlife. Read more. |
| Photo of the Day A souvenir, gone |
| Infographic of the Day MS closes window for Internet Explorer _1655145095309.jpg) (Click to expand) |
| HT This Day: June 14, 1929 Bhagat Singh & Dutt sentenced to transportation  (Click to expand) M R. Middleton, District and Sessions Judge, Delhi, delivered judgment to-day in the Assembly Bomb Case, sentencing Bhagat Sing and B. K. Dutt t to transportation for life under section 307 I. P. C. and Section 3 of the Explosive Substances Act. Read more. Were you forwarded this email? Did you stumble upon it online? Sign up here. |
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Quiz answer Sunil Chhetri |
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