03/06/2015 9:10 AM IST | Updated 15/07/2016 8:25 AM IST

The Morning Wrap: India's Met Signals Second Consecutive Drought Year; 90% Of Indians Deficient In Protein

SAM PANTHAKY via Getty Images
This photo taken on May 28, 2015 shows an Indian man walking across the dried-out bed of Lake Ahmad Sar as extreme heat conditions prevail in Ahmedabad. Hospitals in India battled May 28 to treat victims of a blistering heatwave that has claimed more than 1,700 lives in just over a week -- the highest number recorded in two decades. AFP PHOTO / Sam PANTHAKY (Photo credit should read SAM PANTHAKY/AFP/Getty Images)

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The roiling events at FIFA have hit a new crescendo with dogged President, Sepp Blatter resigning, less than a week after he managed to win the FIFA presidency for the 5th consecutive term.

The Reserve Bank cut lending rates, which, though widely expected, led to a fall in the stock market. The benchmark Sensex was down 1.5 percent, and the Nifty fell as much as 1.6 percent. RBI governor Rajan said that further cuts are uncertain and would depend on the impact of the monsoon.

As if Nestle didn't have enough problems with unsafe levels of lead and MSG in Maggi, a consumer has found live larvae in Nan Pro 3, a popular brand of baby food, also owned by the multinational company.

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In what will certainly dampen sentiment on India's economic recovery, the national weather agency has downgraded its forecast for the 2015 monsoon to "deficient" from "below normal." For the first time ever, the country's science minister publicly said that he hoped the weather scientists would be wrong.

In a stark reminder that even court premises aren't out of bounds for violent crime, a dreaded Ramgarh gangster, Sushil Srivastava, who ran his extortion racket from a central jail in Uttar Pradesh, was gunned down along with two of his henchmen by members of a rival gang.

The suicide of a young Indian-origin analyst at top Wall Street firm, Goldman Sachs, has put into focus the long punishing hours that young bankers must put in at investment banking firms.

Just a day after PM Modi warned ideologues affiliated to the BJP against inciting communal unrest, Vinay Katiyar, Rajya Sabha MP from BJP and a face of the Ram Temple movement, said on Tuesday that if the Ram Janmabhoomi issue was ignored "the anger of Ram bhakts might erupt as a volcano".

Upset over the re-promulgation of the land acquisition ordinance when the Bill to replace it is under parliamentary scrutiny, some Opposition members on the Joint Committee of Parliament examining the draft legislation are toying with the idea of "boycotting" it.

As part of a rare outreach measure, PM Modi met a 30-member delegation of Muslim leaders and assured them of his fullest support to the community.

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Scientists have found a gene that determines how easily you can be cheered up.

The typical Indian meal, whether served in a home in Mumbai or Delhi, is woefully deficient on proteins, said a survey released on Monday. 91% of vegetarians and 85% of non-vegetarians were consuming less protein than what was required, it added.

The government is looking to order telecom operators to return the money charged for the dropped calls or throw in extra airtime to compensate for deficient services.

The government on Tuesday sought to dismiss reports that the 'Make in India' logo was inspired by a Swiss bank advertisement, saying the symbol has a "vibrant and dynamic" lion as against a "dull and boring" picture in Switzerland's ad campaign.


Yoginder Alagh, in The Indian Express, says that the new advance GDP numbers suggest an unprecedented decline in capital investments, that in turn, could shave off a couple of points off GDP.

Navine Murshid, in The Hindu, says that the plight of the Rohingyas in Myanmar is a reflection on how Islamophobia and capitalist development can combine to destabilize minority groups.

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