Will India's retail inflation hold steady at 7.01%?

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Wednesday 13 July 2022

Parts of the west coast and central India, which are already reeling under flood-like situations due to widespread rains for over a week, will continue to receive heavy showers for the next five days, the India Meteorological Department (IMD) warned on Tuesday.

HT brings you a round-up of the most important and interesting stories, so you don’t miss your daily dose of news.

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THE BIG STORY

Monsoon rains fury on nation’s western coast

Monsoon rain pounded the country’s west coast on Tuesday, killing about a dozen people in Gujarat and Maharashtra and forcing the evacuation of thousands more, even as the weather department predicted heavy and widespread showers to continue for the next five days in the region. Read more.

The Big Question

Will India's retail inflation hold steady at 7.01%?

India’s inflation problem seems to have bottomed out sooner than the Monetary Policy Committee (MPC) of the Reserve Bank of India thought as the benchmark inflation rate, as measured by Consumer Price Index (CPI), eased for the second consecutive month to 7.01% in June. Read more.

Jasmine David, 51, was given just a few months to live. But two years after entering a National Health Service drug trial in the UK, she’s walking out disease-free and ready to celebrate her 25th anniversary. What did the drug help her beat?

From the Edit Page

With Sri Lanka in crisis, India must be cautious

Sri Lanka is passing through an unprecedented political and economic crisis. The prospects of resolving this turmoil and bringing the country back on the rails of stability and growth look uncertain. A peaceful popular uprising has pushed president Gotabaya Rajapaksa to quit and Prime Minister (PM) Ranil Wickremasinghe’s private residence has been set on fire. Both have agreed to resign conditionally – the president on Wednesday and the PM on “the formation of an alternative interim government.” Read more.

NUMBER THEORY

Will 2022 be a bad year for farmers in Gangetic plains?

An anecdotal analysis of the monsoon this year would suggest that rains have been normal or heavier than normal in most parts of the country. The headline rainfall number is in the normal range, and news media has been inundated with images of flooding -- from Silchar in Assam to Junagadh in Gujarat.

Yet, an analysis of data by regions, shows that the Gangetic plains are running the biggest deficit in the country, a trend that has persisted for this region throughout this monsoon for different reasons. If rainfall does not improve in this region in the next few days -- there are signs which suggest it may not -- farmers might have reason to worry. Read more.

From the Field

Jail vs bail: Where does power to arrest sit with right to freedom?

The Supreme Court’s 1977 dictum that bail is the rule and jail the exception is one of the most cliched statements heard in a court room. However, what’s ironic is that this adage is observed more in the breach than in compliance by subordinate courts even as the Supreme Court has expanded the ambit of the term “liberty”, as enshrined in Article 21 of the Constitution. Read more.

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Written and edited by Shahana Yasmin. Produced by Divneet Singh. Send your feedback to shahana.yasmin@hindustantimes.com or divneet.singh@partner.htdigital.in

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