The rupee depreciated 16 paise to close at a fresh lifetime low of 96.86 against the US dollar on Wednesday as elevated global crude prices amid the West Asia crisis stoked inflation worries. Meanwhile, a council of ministers will meet tomorrow to review the West Asia conflict's fallout on supply chains, inflation, and potential fuel price hikes. Political opposition has criticised the government's economic handling following a bilateral meeting in Italy. Simultaneously, a severe cooking gas shortage in northern India forces citizens to wait overnight for supplies. In a central state, legal proceedings continue regarding a dowry death investigation and autopsy protocols. Environmental reports highlight extreme heatwaves and water scarcity in rural villages despite national water mission infrastructure. Furthermore, a state chief minister faces resignation demands after a court-ordered investigation into government contracts awarded to family-linked firms.
In this edition of Democratic Newsroom, India Today's editors discuss the rapid rise of the Cockroach Janata Party, which was formed in response to Chief Justice of India Surya Kant's remarks on youth.
Tamil Nadu Chief Minister C Joseph Vijay on Thursday expanded his Cabinet, inducting twenty-one legislators alongside two representatives from the Congress party.
Just days after it was formed, the Cockroach Janata Party has gained traction on social media following a remark by the Chief Justice of India and has amassed over fourteen million followers on Instagram, surpassing the follower counts of Congress and BJP.
Prime Minister Narendra Modi will be chairing a Council of Ministers meeting shortly to address the economic impact of the West Asia conflict and the Strait of Hormuz deadlock.
