Chennai’s 18-year-old R Praggnanandhaa put up a tough fight against five-time chess world champion Magnus Carlsen before going down in the world championship on Thursday evening. But even in his defeat, the 2023 FIDE World Cup runner-up heralded India’s rise as a chess powerhouse on the global stage. India now has 81 chess grandmasters. So what’s behind India’s chess revolution?
Even a little effort by the government can go a long way in supporting the sport. Going forward, the government recently imposed a 40% tax on onion exports to protect consumers from price shocks. But the move has hit the already struggling farmers hard. Farmers across Maharashtra were seen protesting against the levy and the government has decided to buy onions at the price it fetches from exports. But will these measures be enough to solve the problems of both farmers and consumers?
Renewed inflation concerns and weather conditions linked to El Niño have once again put consumer stocks in the spotlight. In the past one month, the Nifty FMCG index has declined by 3%, while the Nifty 50 benchmark has declined by 1%. Going forward, will rising inflation further trouble FMCG players? What should be your trading strategy?
The uneven rains may actually spell more trouble for the FMCG companies. Meanwhile, a crisis is once again brewing in South India over the sharing of the Kaveri river water. The Supreme Court has assured Tamil Nadu that it will set up a bench to hear the state’s plea to release its share of river water. But what is this dispute after all? Listen to this episode of the podcast for the answers.
first published: 25 August 2023 | 11:55 am First