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India’s PM backs down on farm reforms in surprise victory for protesters

Published

4 years ago

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Indian Prime Minister Narendra Modi has announced the repeal of three controversial farm laws after a year of protests

Farmers in the thousands have been camping at Delhi’s borders since last November and dozens died from heat, cold as well as COVID-19.

Farmers say the laws will allow the entry of private players in farming and should that go ahead, it will hurt their income.

But Friday’s surprise announcement marks a major U-turn as the government had not taken any initiative to talk to farmers in recent months.

Mr Modi’s ministers have been previously insisting that the laws were good for farmers and there was no question of taking them back.

PM Modi backflips on farm reform

Farm unions are seeing this as a huge victory

Experts are confident that the upcoming state elections in Punjab and Uttar Pradesh – both have a huge base of farmers – may have forced the decision.

The announcement on Friday morning came on a day Sikhs – the dominant community in Punjab – are celebrating the birth anniversary of Guru Nanak, the founder of Sikhism.

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Trump calls for Iran’s surrender

Israel and Iran escalate conflicts with missile strikes, prompting Netanyahu’s airstrikes and Trump’s call for Iran’s surrender.

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17 hours ago

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June 20, 2025

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Israel and Iran escalate conflicts with missile strikes, prompting Netanyahu’s airstrikes and Trump’s call for Iran’s surrender.


Missile strikes between Israel and Iran are intensifying, with both nations targeting nuclear and military sites.

After a missile hit an Israeli hospital, Prime Minister Netanyahu retaliated, launching 20 fighter jets into Western Iran.

Meanwhile, President Trump has demanded Iran’s unconditional surrender and hinted at possible U.S. military involvement.

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Israel strikes Iran’s nuclear sites after hospital hit

Israel’s airstrikes on Iranian nuclear sites escalate tensions after a missile attack on an Israeli hospital, prompting Iranian retaliation and casualties on both sides.

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17 hours ago

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June 20, 2025

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Israel’s airstrikes on Iranian nuclear sites escalate tensions after a missile attack on an Israeli hospital, prompting Iranian retaliation and casualties on both sides.


Israel has launched preemptive airstrikes on Iranian nuclear sites after a missile attack struck an Israeli hospital, marking a dramatic escalation in regional tensions.

Iran has retaliated with counterstrikes, as both nations report casualties. Israel claims the campaign is necessary to stop Iran from obtaining nuclear weapons—an accusation Tehran denies.

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Money

Fed signals slower cuts amid rising risks

U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.

Published

2 days ago

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June 19, 2025

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U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.


At its latest meeting, the U.S. Federal Reserve revised its economic forecasts downward, with growth trimmed, inflation nudged up, and unemployment expectations now higher.

Despite this gloomier outlook, the Fed still sees two rate cuts in 2025, but just one in 2024 and one in 2026, a major dial-back from earlier projections.

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