Hi, NewsWrap for June 20, 2022

20 June 2022: PM Modi, Poor Monsoon, Heavy floods, Agriculture Ministry, Fuel Price Update

20 June 2022

  • According to Experts, a Poor Monsoon Could Spell Disaster for India's Agriculture-based Economy

    Already suffering from the aftereffects of punishing heatwaves, India cannot afford a poor monsoon, which could spell doom for its agriculture-based economy, experts say, hoping that a revival of monsoon rains will alleviate food inflation and ensure food security. The monsoon season accounts for roughly 70% of the country's annual rainfall and irrigates 60% of its net sown area. Agriculture directly or indirectly employs nearly half of the world's population.

  • Agriculture Ministry: Ukraine Has Lost a Quarter of its Arable Land Due to the War

    Ukraine has lost a quarter of its arable land in certain regions since Russia's invasion, particularly in the south and east, according to the deputy agriculture minister, but the country's food security is not jeopardized. "Despite the loss of 25% of arable land, the crop planting structure this year is more than sufficient" to feed the population, Taras Vysotskiy said at a news conference, adding that it "does not pose a threat to Ukraine's food security."

  • Fuel Price Update: Check Out the Latest Fuel Price as of June 20th

    On Monday, June 20, 2022, petrol and diesel prices remained stable across the country for the 29th consecutive day. The prices of the two motor fuels were last changed on May 22 in the national capital, when petrol was reduced by Rs 8.69 per liter and diesel by Rs 7.05 after Finance Minister Sitharaman announced a reduction in excise duty.

  • Heavy floods in China Have Harmed Crops, Raising Fears of Famine

    Heavy floods in China have destroyed large swaths of crops, including paddy, posing new challenges to food security. More rain is expected in the coming days, according to authorities. Food shortages have already pushed up global prices as a result of the Russia-Ukraine conflict. Food imports are likely to rise further for the world's second-largest economy, which is dealing with several other economic challenges.

  • Prime Minister Narendra Modi to Inaugurate Infrastructure Projects in Bengaluru

    PM Narendra Modi will arrive in Bengaluru on Monday for a two-day visit to Karnataka to participate in a variety of events, including laying the foundation stone for Bengaluru's 148km-long suburban rail network, which was first conceived nearly four decades ago. According to CM Bommai, the Prime Minister will attend the inauguration and foundation-laying ceremonies for the IISc, railways, and NHAI-related programs.

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20 June 2022

That's it for for 20 June 2022
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