Commodities

Former RBI Governor D Subbarao has urged the Indian government to address the North-South divide by setting an end date for the cross-subsidization of poorer states by richer ones and implementing a phased approach to the upcoming delimitation exercise. He argues that while cross-subsidization is necessary in a diverse country like India, its current level may not be sustainable.

Current carbon removal plans are insufficient to meet the Paris Agreement's goal of limiting global warming to 1.5 degrees Celsius, highlighting the need for more ambitious policies and significant reductions in global energy demand. While carbon removal methods play a vital role, countries need to increase awareness, ambition, and action to scale up these methods alongside deep emissions reductions.

Congress candidate Sucharita Mohanty's withdrawal from the Puri Lok Sabha race has thrown the contest wide open, leaving BJP's Sambit Patra and BJD's Arup Patnaik in a direct fight. Mohanty's decision to pull out of the race came after she was denied funding by the party, despite facing a tough challenge from Patra and Patnaik.

The Andhra Pradesh State Disaster Management Authority has predicted severe heat waves in various mandals across the state, advising people to stay indoors between 11 am and 4 pm and take precautions. As farmers work on harvesting wheat crops in villages like those near Jammu, they face challenges due to the extreme temperatures.

Prime Minister Narendra Modi and BJP president J P Nadda are scheduled to visit Odisha over the next few days to campaign for the upcoming Lok Sabha and assembly elections. The BJP is hoping to make significant gains in Odisha in the upcoming elections, while the BJD is not taking the BJP's challenge lightly.