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Indian capital gets a breather as rain brings respite from smog
  + stars: | 2023-11-10 | by ( ) www.reuters.com   time to read: +2 min
India's weather department has forecast intermittent rain over the city and adjoining areas till early noon on Friday. Meanwhile, air in the financial capital of Mumbai has markedly improved due to showers in nearby coastal areas. This year, attention on the worsening air quality has cast a shadow over the cricket World Cup hosted by India. Scientists and authorities were planning to seed clouds in New Delhi around Nov. 20 to trigger heavy rain, the first such attempt to clean the air. Friday's rain comes two days before the Diwali festival, when many people defy a ban on firecrackers, causing a spike in air pollution.
Persons: Anushree, Tanvi Mehta, Rajendra Jadhav, Raju Gopalakrishnan Organizations: REUTERS, India, Thomson Locations: New Delhi, India, DELHI, Swiss, Punjab, Haryana, Rajasthan, Kolkata, India's, Mumbai
CNN —A thick layer of toxic foam has once again coated parts of a sacred river near New Delhi as the Indian capital battles an acrid and noxious smog that has settled across the city. The pungent foam contains high levels of ammonia and phosphates, which can cause respiratory and skin problems, according to experts. Yamuna river covered with a thick layer of toxic foam due near Kalindi Kunj, on September 10, 2023 in New Delhi, India. The river is most polluted in areas surrounding Delhi, owing to the area’s dense population and high levels of waste. Pictures from September also showed toxic foam forming on the Yamuna.
Persons: Salman Ali, Surya Organizations: CNN, Press Trust of India, Hindustan Times Locations: New Delhi, India’s, Tamil Nadu, Kalindi, India, Delhi, Oslo, Beijing, Kolkata, Mumbai
England eye 'proper performance' against Pakistan, says Buttler
  + stars: | 2023-11-09 | by ( ) www.reuters.com   time to read: +1 min
Nov 9 (Reuters) - England captain Jos Buttler said the team have shown a desire to "put things right" in India after a dismal World Cup campaign and are determined to secure a spot in the 2025 Champions Trophy with a top-eight finish. Ahead of the bottom three - Bangladesh, Sri Lanka and the Neteherlands - on net run rate, England head to Kolkata for their final match against fifth-placed Pakistan, who will host the next edition of the eight-team Champions Trophy. "We haven't performed the way we wanted to this whole trip and we'd like to leave India putting in a proper performance," Buttler told reporters. "Not playing for what we wanted to be playing for, but a really vital match for us in the grand scheme of things. Reporting by Chiranjit Ojha in Bengaluru; Editing by Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.
Persons: Jos Buttler, haven't, Buttler, everyone's, Chiranjit, Peter Rutherford Organizations: Thomson Locations: England, India, Netherlands, Pune, Bangladesh, Sri Lanka, Kolkata, Pakistan, Bengaluru
NEW DELHI (Reuters) - Overnight rain in New Delhi and its suburbs brought some relief to the Indian capital on Friday morning, where authorities were mulling seeding clouds to improve the toxic air gripping the city. India's weather department has forecast intermittent rain over the city and adjoining areas till early noon on Friday. Meanwhile, air in the financial capital of Mumbai has markedly improved due to showers in nearby coastal areas. This year, attention on the worsening air quality has cast a shadow over the cricket World Cup hosted by India. Friday's rain comes two days before the Diwali festival, when many people defy a ban on firecrackers, causing a spike in air pollution.
Persons: Tanvi Mehta, Rajendra Jadhav, Raju Gopalakrishnan Organizations: India Locations: DELHI, New Delhi, Swiss, Punjab, Haryana, Rajasthan, Kolkata, India's, Mumbai
India's Pandya ruled out of World Cup, Krishna joins squad
  + stars: | 2023-11-04 | by ( ) www.reuters.com   time to read: +1 min
BENGALURU, Nov 4 (Reuters) - India vice-captain Hardik Pandya has been ruled out of the rest of the World Cup after the all-rounder sustained an ankle injury last month, the International Cricket Council (ICC) announced on Saturday as it approved Prasidh Krishna as his replacement. Pandya injured his left ankle while trying to stop a shot with his foot on his own bowling during India's seven-wicket win over Bangladesh in Pune on Oct. 19. Pandya picked up five wickets for the hosts in their opening three matches of the World Cup tournament and pace bowler Krishna has played 17 one-day internationals and two Twenty20 matches for India claiming 33 wickets overall. Krishna will face competition from Jasprit Bumrah, Mohammed Shami and Mohammed Siraj for a spot in India's pace line-up. Semi-finals-bound India have managed well in the absence of Pandya and lead the table with seven wins from as many matches.
Persons: Hardik Pandya, Prasidh Krishna, Pandya, Krishna, Jasprit Bumrah, Mohammed Shami, Mohammed Siraj, Shrivathsa Sridhar, Michael Perry Organizations: International Cricket Council, ICC, Bangladesh, England, India, Thomson Locations: BENGALURU, India, Pune, England , New Zealand, Sri Lanka, South Africa, Kolkata, Bengaluru
Pakistan's Fakhar has no regrets over missed hundred
  + stars: | 2023-11-01 | by ( ) www.reuters.com   time to read: +2 min
Fakhar led Pakistan's chase with a freewheeling 81, which earned him player-of-the-match award, but fell short of a hundred trying to wrap up their chase early. Sri Lanka and the Netherlands can also join them in a mid-table logjam should both win their next games. Fakhar said the mood was upbeat in the dressing room despite the uncertainty around the 1992 champions making the last four in the showpiece 50-overs tournament. "In the World Cup, each win gives you confidence and we were waiting for this win. "We are in the ifs-and-buts (zone) right now - but we will try to win both the remaining matches with good run rates.
Persons: Pakistan's, Zaman, Sri Lanka's Pramod Madushan, Christopher Pike, Fakhar Zaman, Fakhar, Amlan Chakraborty, Michael Perry Organizations: Asia, United Arab Emirates, Sri, Sri Lanka's Pramod Madushan REUTERS, Rights, Bangladesh, England, Thomson Locations: Pakistan, Sri Lanka, Dubai, United Arab, Rights KOLKATA, Eden, Afghanistan, Bangladesh, Netherlands, Zealand, New Delhi
Pakistan stay alive in semi-final race, Bangladesh eliminated
  + stars: | 2023-10-31 | by ( ) www.reuters.com   time to read: +3 min
KOLKATA, India, Oct 31 (Reuters) - Former champions Pakistan kept alive their slender chances of making the semi-finals of the 50-over World Cup with a comprehensive seven-wicket victory against Bangladesh, who were eliminated from the tournament on Tuesday. Babar Azam's men moved into fifth place after their third win in seven matches, while Bangladesh became the first team to drop out of contention. "We are trying to force things but it isn't working," Bangladesh captain Shakib Al Hasan said after their sixth defeat in seven matches. Bradburn must have been pleased as the pace trio of Shaheen Afridi, Mohammad Wasim and Haris Rauf collectively claimed eight of the 10 Bangladesh wickets in the match. "We are trying to win our remaining matches and see where we stand," Babar said of their semi-final hopes.
Persons: Fakhar Zaman, Abdullah Shafique, Babar Azam's, Shakib Al Hasan, Grant Bradburn, Shaheen Afridi, Mohammad Wasim, Haris Rauf, Afridi, Tanzid Hasan, Najmul Hossain Shanto, Rauf, Mushfiqur Rahim, Litton Das, Mahmudullah, Shakib, Wasim, Haq, Fakhar, Abdullah, Taskin Ahmed, Mehidy Hasan Miraz, Babar, Amlan Chakraborty, Pritha Sarkar Organizations: Pakistan, Bangladesh, Eden Gardens, Litton, Thomson Locations: KOLKATA, India, Bangladesh, Eden, Pakistan's, Pakistan, Afridi's, New Delhi
Pakistan coach rues lack of swing in India
  + stars: | 2023-10-30 | by ( ) www.reuters.com   time to read: +2 min
KOLKATA, India, Oct 30 (Reuters) - Lack of swing in India has taken much sting out of the Pakistan pace attack in the 50-overs World Cup, head coach Grant Bradburn said ahead of Tuesday's clash against Bangladesh. "We have a great resource of fast bowling talent in Pakistan," Bradburn told reporters on Monday. "We do rely on swing, but we haven't experienced too much swing here. Pakistan's batting has not been consistent either and Bradburn said one of the top four batters must bat deep if they were to put up big totals in their remaining matches. Pakistan must win their remaining three group matches and hope other results go their way to make the last four, a situation Bradburn called far from ideal.
Persons: Grant Bradburn, Pakistan's, Shaheen Afridi, Bradburn, speedster Naseem Shah, Hasan Ali, Haris Rauf, We've, haven't, we're, Amlan Chakraborty, Pritha Sarkar Organizations: Bangladesh, Shaheen, Zealander, Thomson Locations: KOLKATA, India, Pakistan, New Delhi
Purbasha Roy held her 9-year-old daughter’s hand and pointed toward the towering art installation: blooming pink buds symbolizing embryos, menstrual cups shaped to form a bouquet, fallopian tubes descending from corners of the ceiling. The work, part of a makeshift pavilion to worship the Hindu goddess Durga, was designed to break taboos in India about menstruation. And it had a clear target: A half-man, half-bull demon at Durga’s feet, an organizer explained to Ms. Roy and others, represented the “moral police” — India’s patriarchal society. The pavilion was one of hundreds, many politically pointed, that dotted Kolkata during a five-day festival called the Durga Puja, an event that brings this muggy, sleepy city alive each year as if jolted by a high-voltage current. Part Mardi Gras, part Christmas, the festival, which ended on Tuesday, is the most important religious celebration for Hindus in this part of eastern India.
Persons: Purbasha Roy, Durga, Roy, Locations: India, Kolkata
The decline has been driven by weakness in producing fuels such as gasoline and naphtha, even as the margin on middle distillates has performed strongly. The trend for refining in Asia is increasingly characterised by strong margins for middle distillates, which are enough to offset weakness in gasoline and even losses for naphtha. Asia's total exports were 7.4 million metric tons in September, equivalent to about 1.85 million bpd, according to data from LSEG. Data from commodity analysts Kpler is also far from convincing, with just 660,000 metric tons of diesel shipments from China so far in October. Effectively, Asia's refiners are happy to suffer weak margins on fuels such as gasoline and naphtha because the profits on middle distillates are so high.
Persons: it's, refiners, Robert Birsel Organizations: REUTERS, Rights, China, Reuters, Thomson Locations: Kolkata, India, Rights LAUNCESTON, Australia, Asia, Singapore, Dubai, OPEC, Saudi Arabia, China, Beijing
India's September wholesale price index falls 0.26% y/y
  + stars: | 2023-10-16 | by ( ) www.reuters.com   time to read: +1 min
A labourer carries a sack of onions at a wholesale market in Kolkata, India, December 14, 2021. REUTERS/Rupak De Chowdhuri/File photo Acquire Licensing RightsNEW DELHI, Oct 16 (Reuters) - India's wholesale price index (INWPI=ECI) in September fell 0.26% from a year earlier, according to government data released on Monday. Economists polled by Reuters had estimated the wholesale price index for September would rise 0.5%. In September, fuel and power prices fell 3.35% from a year earlier, compared with a 6.03% drop in August. Food prices rose 1.54% year-on-year compared with a rise of 5.62% in August and manufactured product prices fell 1.34% against a 2.37% fall the previous month.
Persons: Shivangi Acharya, Aftab Ahmed, Sohini Goswami Organizations: REUTERS, Reuters, Reserve Bank of India, Thomson Locations: Kolkata, India, DELHI
A view of damaged vehicles after flash floods, caused by a lake burst in Singtam, Sikkim, India, October 8, 2023. REUTERS/Francis Mascarenhas Acquire Licensing RightsRANGPO, India, Oct 9 (Reuters) - The death toll from flash floods unleashed by a glacial lake bursting its banks in India's Himalayas climbed to 74 on Monday with 101 people still missing days after the calamity struck, according to provincial officials. He said 101 people were still missing in the latest of a series of natural disasters caused by extreme weather events in the Himalayas. Fourteen army personnel were among the missing, a defence ministry statement said. Parveen Shama, the top district official of Jalpaiguri in West Bengal, said 41 bodies were found in the district.
Persons: Francis Mascarenhas, Vijay Bhushan Pathak, Parveen Shama, Mukesh Kumar, Kumar, Baiju Sharma, Sharma, Subrata Nag Choudhury, Mayank Bhardwaj, Simon Cameron, Moore Organizations: REUTERS, Residents, Reuters, Thomson Locations: Singtam, Sikkim, India, Lohnak, Gangtok, Sikkim's, West Bengal, Jalpaiguri, Nepal, Bhutan, China, Rangpo, Kolkata
People walk along a street as a jeep is buried in the mud due to the flood at Teesta Bazaar in Kalimpong District, West Bengal, India October 4, 2023. "We are waiting for weather conditions to improve as only then air force and other rescue teams could venture into the flood-hit areas," said V.B.Pathak, the state's chief secretary. Hundreds of search and rescue personnel have been deployed across Sikkim and in the northern parts of the neighbouring West Bengal state. A key highway that linked Sikkim with Siliguri in West Bengal also collapsed due to the floods. Local lawmakers were looking at whether trekking routes could be used to reach disaster-hit areas, said Bandana Chettri, a spokeswoman for the state's tourism ministry.
Persons: Brihat, Bandana Chettri, Subrata Nag Choudhury, Rupam Jain, Edwina Gibbs Organizations: REUTERS, Thomson Locations: Kalimpong District, West Bengal, India, KOLKATA, Sikkim, Gangtok, NHPC, Siliguri, Asia's, Nepal, Bhutan, China
The Lhonak Lake in the mountainous northeastern state of Sikkim overflowed on Wednesday after a cloudburst triggered torrential rains and an apparent avalanche, causing major flooding in the Teesta river. Sikkim officials had put the death toll at 18 on Thursday evening. Officials in the neighbouring downstream state of West Bengal told Reuters that emergency teams recovered another 22 bodies that had been washed away. Relief teams are unable to reach the affected areas there," Tseten Bhutia, a state official, told Reuters by telephone. All bridges downstream of an NHPC (NHPC.NS) hydropower station Teesta-V have either been submerged or washed away, the Indian government said.
Persons: Bhutia, Pradeep Kumar Barma, Jatindra, Shivam Patel, YP Rajesh, Michael Perry Organizations: Indian Army, India Army, REUTERS Acquire, Reuters, Mobile, Private, Military, India Meteorological Department, YP, Thomson Locations: Sikkim, KOLKATA, DELHI, Asia's, West Bengal, Nepal, Bhutan, China, Siliguri, Bhubaneswar
Lhonak Lake in Sikkim state overflowed on Wednesday, causing major flooding that authorities said had impacted the lives of 22,000 people. The latest flooding was exacerbated by water released from state-run NHPC's Teesta V dam, local officials said. As of Thursday evening, 98 people were missing, 17 of whom were army personnel, state chief secretary V.B. "Due to bad weather conditions we cannot have air service towards the northern part of the state," Rai told Reuters. [1/4]An area affected by the flood is seen in this undated handout image released on October 4, 2023, in Sikkim, India.
Persons: V.B, Pathak, Prabhakar Rai, Rai, G.T, Dhungel, Subrata Nag Choudhury, Jatindra, Tanvi Mehta, Krishn Kaushik, Sarita Chaganti Singh, Ruma Paul, Rajendra Jadhav, YP Rajesh, Robert Birsel, Michael Perry, Kim Coghill, Mark Heinrich Our Organizations: NEW, Authorities, Reuters Graphics Reuters Graphics, Disaster Management Authority, Reuters, India Army, REUTERS Acquire, Army, National Disaster Management Agency, Nature Communications, YP, Thomson Locations: NEW DELHI, KOLKATA, India, Sikkim, Asia's, Bangladesh, Chungthang, Mangan, Gangtok, Nepal, Bhutan, China, Siliguri, West Bengal, Pakistan, Peru, Kolkata, Bhubaneswar, New Delhi
India's obsession with cricket peaks with home World Cup
  + stars: | 2023-10-05 | by ( ) www.reuters.com   time to read: 1 min
[12/12]Children play cricket in an open space in Delhi, India, September 17, 2023. Cricket is popular in every corner of the country, reflecting India's genuine love for the game introduced by its former British rulers. It is played in the mountains in Kashmir, the by-lanes in Kolkata, the slums in Mumbai and on the Marina beach in Chennai. REUTERS/Adnan AbidiDELHI, INDIA
Persons: Adnan Abidi Organizations: Cricket, REUTERS Locations: Delhi, India, Kashmir, Kolkata, Mumbai, Chennai, Adnan Abidi DELHI
[1/5] FILE PHOTO-Partha Chaudhury, 39, a worker of India's ruling Bharatiya Janarta Party (BJP), speaks with Reuters during the party's outreach program in Kolkata, India, May 30, 2023. "We want people to remember that the BJP knocked on their doors much before any opposition party worker did." "The BJP's challenge as the dominant national party is to manage voter fatigue and to sustain the enthusiasm among its cadres after two terms in power," Mehta added. "This time, the world's biggest party has launched the biggest-ever outreach to win the world's biggest elections." The BJP was beaten by a regional opposition party four years ago, even though it had strong support there, winning roughly 600,000 of the total 1.5 million votes cast.
Persons: Partha Chaudhury, India's, Avijit Ghosh, PM Modi, Chaudhury, Narendra Modi, It's, Tamoghna Ghosh, Modi, J.P, Nadda, Nalin Mehta, Mehta, isn't, Moitra, Mallikarjun Kharge, Long, Rupam Jain, Pravin Organizations: Bharatiya Janarta Party, BJP, Reuters, REUTERS, Party, PM, Bharatiya Janata Party, archrival Congress, UPES School of Modern Media, Trinamool, Krishnanagar, Pravin Char, Thomson Locations: Kolkata, India, KOLKATA, West Bengal, New Delhi, Uttarakhand, INDIA, India's, Calcutta
The idea, we Indians were told each time, was to allow the nation to make a clean break once and for all with its colonial past. The question on the minds of many people who follow events in India, is why any name change would be needed. It’s an opportunity to double down on India’s Hindu identity, even in the name by which it is called. The debate is a live one, however: Some disagree, saying that no amendment to the constitution would be needed to change India’s name. Do the country’s Indian Institutes of Technology become BITs?
Persons: Akanksha Singh, Singh, Droupadi Murmu, Bharat, Narendra Modi’s, Bharat ”, Modi, It’s, Akbar, Deen Dayal, Modi’s, Rahul Gandhi, Reserve Bank of India –, I’ve, ” Encouragingly Organizations: BBC, Independent, South China Morning Post, CNN, Mumbai CNN, Modi’s Bharatiya Janata Party, BJP, Bharat, Reserve Bank of India, Institutes of Technology, India, United Nations Locations: Mumbai, South China, India, Calcutta, Kolkata, Bombay, Madras, Chennai, Allahabad, Manipur
In this article ABNB Follow your favorite stocks CREATE FREE ACCOUNTNaba Banerjee, Airbnb Source: Prashant Joshi | AirbnbNaba Banerjee is a proud party pooper. In June, the company was sued by a family who lost their 18-year-old son in a shooting at a 2021 Airbnb party. Airbnb's party problem was complex, and in some ways, she didn't know where to start. There's just one problem: Airbnb's AI system is working against you from the second you sign on. Zoom In Icon Arrows pointing outwards Airbnb's reservation screening system in action.
Persons: Naba Banerjee, Prashant Joshi, Airbnb Naba Banerjee, she's, It's, Banerjee, , Airbnb, Nate Blecharczyk, strategizing, Covid, she'd, He'd, riskiest, They're, Brian Chesky, he'd Organizations: Airbnb, Day, Labor, CNBC, Australia Locations: Australia, Airbnbs, North America, Kolkata, India, U.S, Canada, Asia, Texas
An attendant at a fuel station arranges Indian rupee notes in Kolkata, India, August 16, 2018. Non-deliverable forwards indicate the rupee will open around the same level as its previous close of 82.9850. The dollar index was at 104.78, roughly at the same level it was prior to the U.S. inflation data. U.S. Treasury yields jumped following the data, but retreated and are now at levels lower than before the inflation reading. FEDWATCHANZ said that the August inflation was not sufficient to prompt a re-pricing in Fed expectations.
Persons: Goldman Sachs, Nimesh Vora, Mrigank Organizations: REUTERS, Rights, Treasury, U.S . Federal, FEDWATCH ANZ, ANZ, European Central Bank, Brent, Thomson Locations: Kolkata, India, Rights MUMBAI, U.S, Asia
In top consumer China, premiums climbed to as high as $55 an ounce over global spot prices this week, traders said, from $20-$38 last week. The policy-measures to support the economy are expected boost physical gold demand, said Peter Fung, head of dealing at Wing Fung Precious Metals. Official data on Thursday also showed that the People's Bank of China increased its gold holdings to 69.62 million fine troy ounces at end-August. Local gold prices were trading around 59,200 rupees per 10 grams on Friday, up nearly 2% in three weeks. In Japan, where domestic gold rates were trading at record levels this week, dealers charged $0.5 premiums.
Persons: Peter Fung, Bernard Sin, Harshad Ajmera, JJ, Anushree Mukherjee, Swati Verma, Rajendra Jadhav, Maju Samuel Organizations: Chinatown, Metals, People's Bank of China, U.S ., MKS, JJ Gold, Traders, Rajendra, Thomson Locations: China, Japan, India, Greater China, Kolkata, Local, Hong Kong, Singapore, Tokyo, Bengaluru, Mumbai
Children play with a ball after rice is spread for drying at a rice mill on the outskirts of Kolkata, India, January 31, 2019. REUTERS/Rupak De Chowdhuri/File Photo Acquire Licensing RightsMUMBAI, Aug 30 (Reuters) - India on Wednesday decided to allocate export quotas of non-basmati white rice to Bhutan, Mauritius and Singapore, the government said in a statement. Exports of 79,000 metric tons of non-basmati white rice would be allowed to Bhutan, while export quotas of 50,000 tons and 14,000 tons, respectively, would be allocated for Singapore and Mauritius, it said. Last month, India surprised buyers by imposing a ban on exports of widely consumed non-basmati white rice, following a ban on broken rice exports last year. Reporting by Rajendra Jadhav; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.
Persons: Rajendra Jadhav, Alex Richardson Organizations: REUTERS, Rights, Thomson Locations: Kolkata, India, Bhutan, Mauritius, Singapore
A man checks his mobile phone in front of a State Bank of India (SBI) branch in Kolkata, India, February 9, 2018. REUTERS/Rupak De Chowdhuri/File Photo Acquire Licensing RightsNEW DELHI, Aug 26 (Reuters) - India is considering raising the retirement age for chairmen and managing directors of state-owned banks, which control over 60% of the banking system's assets, a government official said on Saturday. The age limit for state-run bank chiefs is much lower than their private sector peers, who retire at 70 and have longer tenors. Analysts have often cited this as a reason for a lack of continuity in strategy at state-owned lenders. Chiefs of state-run banks are generally appointed for three years and can be given an extension based on their performance.
Persons: Dinesh Khara, Aditi Shah, Christina Fincher Organizations: State Bank of India, REUTERS, DELHI, SBI, Chiefs, Thomson Locations: Kolkata, India
[1/3] Arun Haryani, an enthusiast with his body painted in tri-colours reacts as he holds up a model of LVM3 M4 which was used in launching of Chandrayaan-3 spacecraft on the eve of its moon landing, in Ahmedabad, India. REUTERS/Amit Dave Acquire Licensing RightsNEW DELHI, Aug 22 (Reuters) - Excitement rose in India on Tuesday on the eve of a much-anticipated moon landing, with prayers held for its success, schools marshalling students to watch a live telecast of the event and space enthusiasts organising parties to celebrate. India's second attempt to land on the moon after a failure in 2019 is being seen as a display of the tenacity of its scientific institutions. Authorities and educators also hope it will encourage scientific inquiry among millions of students in the world's most populous country. Students have sent scores of messages wishing ISRO luck for a successful landing, the agency said.
Persons: Arun Haryani, Amit Dave, Narendra Modi, Narottam Sahoo, Srikant, Nivedita, Saurabh Sharma, Nag Choudhury, Sumit Khanna, Sunil Kataria, Krishn Kaushik, YP Rajesh, Raju Gopalakrishnan Organizations: REUTERS, DELHI, Indian Space Research, ISRO, Reuters, Operations, YP, Thomson Locations: Ahmedabad, India, Russian, Uttar Pradesh, Gujarat, Kolkata, Mumbai, Varanasi, Bengaluru, Lucknow, New Delhi
India's annual retail inflation (INCPIY=ECI) rose sharply to 7.44% in July from 4.87% the previous month. Reuters Graphics"The spurt in CPI inflation in July 2023 was on expected lines, however, 7.44% retail inflation was totally unexpected," said Devendra Pant, economist at India Ratings. Food inflation, which accounts for nearly half of the overall consumer price basket, hit a staggering 11.51% in June as compared with 4.49% in June. Retail food inflation was at its highest since January 2020. Even a moderate rise in food inflation tends to anger voters and Dhiraj Nim, economist at ANZ Research, said further measures may be required from the government.
Persons: Devendra Pant, Research's Gaura Sen Gupta, Pant, Narendra Modi's, Dhiraj Nim, Nikunj Ohri, Chizu Nomiyama, Christina Fincher Organizations: REUTERS, DELHI, Reuters, Reserve Bank of India, ANZ Research, Thomson Locations: Kolkata, India
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