India’s wholesale inflation remains high, but falling global crude oil prices and a stable rupee may ease future price pressures. This could give the Reserve Bank of India (RBI) room to delay any immediate interest rate hike despite a sharp jump in wholesale inflation, according to a YES Bank report.
The report highlighted that the revised Wholesale Price Index (WPI) inflation rose to 9.7% year-on-year in May, up from 8.3% in April, pointing to persistent cost pressures across the economy. Fuel inflation was a major driver, surging 30.3% due to higher prices of petrol, natural gas, and other petroleum products, while manufacturing inflation increased to 7.5%, showing widespread price gains.
YES Bank noted that recent global commodity trends could offer some relief. It pointed to expectations of easing crude oil prices and softer industrial metal costs, supported by developments such as a possible US–Iran peace agreement. The report added that lower crude prices, along with a stable Indian rupee and a weaker US dollar, could reduce imported inflation and limit further fuel price increases by oil marketing companies. It also suggested that these conditions may allow the RBI to postpone rate hikes further, as inflation risks moderate.
Based on these factors, the bank has reduced the likelihood of an August rate hike, saying the RBI may prefer to wait for clearer signals, including weather-related risks like El Niño. While consumer inflation remains within the RBI’s projections, risks from food prices and rising inflation expectations continue to be monitored. The report noted the government’s shift toward a new Producer Price Index (PPI) system, where Output PPI is expected to gradually replace the WPI over the next five years.
Disclaimer: This image is taken from ANI.
Soha Ali Khan recently made an emotional return to her alma mater, Balliol College, this time accompanied by her husband Kunal Khemu and their daughter. The visit became a nostalgic family moment, as she revisited the institution that played a significant role in shaping her academic and personal journey.
She shared the experience on social media, describing it as a deeply meaningful trip down memory lane. According to her post, returning to Oxford felt especially special because she was able to introduce her daughter to a place that holds immense personal history for her. Despite the rainy weather, she described the day as warm and memorable, filled with reflection and family bonding.
In her caption, Soha expressed how her daughter viewed the historic campus with wonder, comparing it to the magical world of “Harry Potter,” while she herself was reminded of her student years, ancient college architecture, and family stories tied to Oxford. She also noted with pride that her daughter represents the fourth generation in their family to walk the same iconic streets of the city.
The visit also highlighted the long academic legacy of the Pataudi family at Oxford. Her grandfather, Iftikhar Ali Khan Pataudi, the 8th Nawab of Pataudi, enrolled at Balliol College in 1927. Later, her father, Mansoor Ali Khan Pataudi, studied there from 1960 to 1964, where he captained the Oxford cricket team before going on to become India’s youngest Test cricket captain. Beyond this personal milestone, Soha Ali Khan continues her professional work. She was last seen in Chhorri 2 and is currently engaged in hosting her podcast All About Her, where she explores conversations around women’s experiences and stories.
Disclaimer: This image is taken from Insta/@sakpataudi.
An Indian Army helicopter carried out a trial landing at the Tirunelveli Armed Reserve Ground as part of preparations for transporting NEET-UG 2026 question papers under heightened security arrangements. The NEET exam conducted last month was cancelled after allegations of a paper leak, and the re-examination has now been scheduled for June 21. To prevent any further security breaches and ensure a fair process, authorities have planned a last-minute delivery system for question papers using helicopters.
As per the proposed security plan, the papers will first be flown from Delhi to Madurai by aircraft. From there, they will be airlifted by an Indian Army helicopter to the Tirunelveli Armed Reserve Ground under the supervision of Air Force personnel. A mock drill was also conducted to test the full security arrangement. The sudden appearance of a military helicopter over Tirunelveli city drew significant public attention, with residents stopping to watch the exercise.
The National Testing Agency (NTA) had earlier imposed a temporary restriction on Telegram in India until June 22, covering the exam day and its immediate aftermath, citing misuse of the platform in creating false “paper leak” narratives. The Ministry of Electronics and Information Technology (MeitY), based on recommendations from the NTA and the Department of Higher Education, issued these targeted directions under Section 69A of the Information Technology Act, 2000 to curb organized cheating networks.
Along with the temporary restriction, MeitY also instructed Telegram to disable its message-editing feature in India until June 30, 2026, as the NTA noted that such tools were being exploited to mislead candidates during the re-exam process. The NTA clarified that these measures are limited in scope and time-bound, aimed specifically at protecting the integrity of the NEET (UG) 2026 re-examination.
It further urged students to stay focused on preparation, rely only on official updates from the NTA, and avoid misinformation circulating on social media. Candidates and parents were also advised to report any suspicious or fraudulent activity through the National Cyber Crime Helpline or the Cyber Crime Reporting Portal.
Disclaimer: This image is taken from ANI.
A 71-year-old temple trustee, Kailash Modi, was allegedly killed after being attacked with a stick following a dispute in Indore, Madhya Pradesh, on Tuesday morning, police said. Modi served as trustee and president of the Barah Mattha Temple near Gurunanak Colony under Annapurna police station limits. The accused, Mukesh Sharma, has been detained and is currently being questioned.
According to police, the incident took place around 6 am near the gate of a gurudwara in Gurunanak Colony. Annapurna police station in-charge Gopal Yadav told ANI that Sharma, who was reportedly addicted to alcohol, had a long-running conflict with Modi over his behaviour. Police said Sharma and his three brothers previously lived within the temple premises, but repeated disputes and past altercations led to tension between them. A case had also been registered last year in connection with a similar issue.
After being barred from staying at the temple, Sharma began living on a footpath outside and working as a labourer, police said. An argument reportedly broke out on Tuesday morning when Modi arrived at the temple, which escalated into a fatal assault near the gurudwara. Sharma allegedly attacked Modi with a stick, resulting in his death. Police have registered a case and further investigation is underway.
Disclaimer: This image is taken from
The US military is planning to set up a permanent, ready-to-use weapons stockpile for the Marine Corps in southeastern Australia, as part of efforts to boost its presence in the Indo-Pacific and counter China’s growing military strength. Around $30 million has reportedly been set aside to build warehouses and offices in Victoria. The site will support forward military logistics and is expected to become fully operational by 2028, starting in Melbourne before moving to the Bandiana base. The stockpile will include weapons and equipment maintained at high readiness, marking the first Marine Corps land-based prepositioned facility in the Asia-Pacific region.
Disclaimer: This image is taken from Business Standard.
Elon Musk has reportedly become the world’s first trillionaire, driven largely by SpaceX, whose massive IPO has pushed its valuation above $2 trillion. At the same time, huge investments in artificial intelligence are lifting other major tech companies like OpenAI and Anthropic, both of which are expected to go public with valuations nearing a trillion dollars. According to The Guardian’s US tech editor Blake Montgomery in conversation with Kai Wright, these IPOs mean that the global financial system is becoming increasingly tied to the success of AI—and potentially exposed to significant risk if it fails.
Disclaimer: This podcast is taken from The Guardian.
Max Rushden is joined by Barry Glendenning, Seb Hutchinson, and Pablo Maurer as the USA kick off their World Cup campaign. They discuss the US team’s dominant opening win over Paraguay in Los Angeles, suggesting they might actually be a strong side, with praise for Christian Pulisic. Elsewhere, Canada rescue a draw against Bosnia and Herzegovina, with Jesse Marsch’s triple substitution helping turn the game around, though Bosnia’s defending nearly held firm. They also preview upcoming fixtures such as Haiti vs Scotland, answer listener questions, and share some light moments from the studio.
Disclaimer: This podcast is taken from The Guardian.
Israel and Iran have carried out direct strikes against each other for the first time since an April ceasefire, increasing concerns that the situation could escalate into a wider regional conflict. The Israeli attacks appear to go against advice from Donald Trump, who reportedly urged Prime Minister Benjamin Netanyahu not to respond militarily to Iran in order to protect ongoing peace negotiations from collapsing. Journalist Nosheen Iqbal discusses the developments with the Guardian’s senior international correspondent Julian Borger.
Disclaimer: This podcast is taken from The Guardian.
On Made in SG, Melanie Oliveiro chats with Singaporean singer-songwriter Frances Tan, who recently competed in the Commonwealth Song Contest — an international music competition featuring participants from all 56 Commonwealth countries. Tan shares her experience of being chosen as a Grand Finalist, representing Singapore alongside six other finalist nations. She also discusses her original track, Just Me, which she submitted as her contest entry.
Disclaimer: This podcast is taken from CNA.
