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Time of India
5 days ago
- Sport
- Time of India
Divya Deshmukh-Koneru Humpy final starts with veteran accepting Queen's Gambit challenge
Koneru Humpy and Divya Deshmukh (Image credit: FIDE) The dream all-India FIDE Women's Chess World Cup final commenced with a Queen's Gambit game where the experienced Koneru Humpy accepted the challenge of en ergetic Divya Deshmukh in Batumi, Georgia, on Saturday. The opening classical game of the final, a battle of generations — between 38-year-old Humpy, who is ranked No. 6 in the world, and 19-yearold Divya, ranked No. 18 — ended in a 41-move draw with perpetual checks and by repetition. Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW! The title clash opener had all the fireworks but turned out to be a game of missed opportunities for energetic Divya with her white pieces, followed by a fighting draw for experienced Humpy. When Divya castled on the eighth turn after Humpy accepted her challenge in a sharp Queen's Pawn opening, both the Indian compatriots followed the game played in 1992 be -tween former World No. 2 Vasyl Ivan -chuk and 4th ranked Evgeny Bareev. In the Queen's Gambit Accepted game of Central Variation and McDon -nell Defense, Divya had the possibility of taking the lead by winning it within two hours of the contest. With Divya's dark-coloured bishop blocking Humpy's knight, the biggest miss of the game came for the 19-year-old in the 14th move. Had Divya brought her queen into play instead of sacrificing her light-coloured bishop, she could have been in a winning position, but she missed that. After this miss, Humpy escaped from losing the contest, and the position became equal. But the game didn't end there. Both Divya and Humpy fought a tense, equal and heavy-piece endgame. Humpy had a chance to claim a draw on the 29th turn, but she tried some tricks and Divya's king con -tinued the game and was a bit under time trouble too. Finally, when Divya won Humpy's rook on the 37th turn, the 38-year-old India No. 1 split the point with her 4th ranked compatriot by repeating the moves. With Humpy managing to draw with black pieces, she will now be in an advantageous position when she starts the second classical game with white pieces on Sunday. Humpy later said, 'It was quite a complex game where I overcame a complicated situation.' On accepting Divya's challenge in the Queen's Gambit, which she normally doesn't play, Humpy said, 'I think she just prepared on my game which I played earlier. And when I just misplayed in the opening, she got a big advantage, but after my 16th move, I was out of danger.' Speaking with TOI, former national champion Pravin Thipsay said, 'I think the important moment in the game was when Divya exchanged the bishops and gave away all her advantage. If she had brought the queen ahead, I think there's a mating attack, and probably it could have been a quick loss for Humpy. Looks like a great escape after a risky battle.' He added, 'It once again proves that Divya is quite well prepared, and Humpy is trying to make all the board solutions, which perhaps may not be the best idea. But apparently, it seemed to work today because on two occa -sions, if you failed to find the best book, Divya played aggressively, and she sacrificed the piece, which wasn't actually accurate.' Catch Rani Rampal's inspiring story on Game On, Episode 4. Watch Here!
Indian Express
23-07-2025
- Business
- Indian Express
RBI Bulletin article: Indian economy remains largely resilient despite global uncertainties, high tariff risk
Amid geopolitical tensions and tariff policy uncertainties, the Indian economy has remained resilient, aided by strong macroeconomic fundamentals, according to an article in the Reserve Bank of India's July monthly bulletin. 'Domestic economic activity held up in June, with high-frequency indicators pointing to improving prospects of the kharif agricultural season and continuation of strong momentum in the services sector,' according to the 'State of the Economy' article in RBI's July bulletin. The article has been prepared by central bank officials. The RBI said views published in the article are of the authors and not of the institution. It said that the growth in rural demand remained resilient and was accompanied by a recovery in urban economic activity. The all-India unemployment rate remained unchanged from the previous month at 5.6 per cent with rural areas faring better as compared to their urban counterparts. During April-May 2025, total expenditure grew by 19.7 per cent on a year-on-year (y-o-y) basis, accounting for 14.7 per cent of the Budget Estimates for FY26. Capital expenditure recorded robust growth during the first two months of the current fiscal and was at 19.7 per cent of the budgeted capital expenditure vis-à-vis 12.9 per cent during the same period a year ago, indicative of front-loading of capital spending by the Central government. India's merchandise trade deficit narrowed in June 2025, due to contraction in both oil and non-oil trade deficit. De-escalating geo-political tensions in the Middle East, optimism on trade deals and the easing of norms for infrastructure financing by the Reserve Bank buoyed up domestic financial market sentiments in the second half of June, the article said. In the first half of July, however, domestic markets traded with a negative bias as investor sentiment remained cautious amidst ongoing uncertainty over the potential India-US trade agreement and mixed corporate earnings results by companies in the first quarter of FY25. The article said that easing inflation, front-loading of government expenditure, targeted fiscal measures and congenial financial conditions for faster transmission of rate reductions should support aggregate demand in the economy, going forward. Headline inflation, as measured by y-o-y changes in the all-India consumer price index (CPI), declined to 2.1 per cent in June 2025 — the lowest since January 2019 — from 2.8 per cent in May. The retail inflation remained below the 4 per cent target for the fifth consecutive month in June. On the trade front, the article stated that as intense negotiations are underway for closing trade deals before the new import tariff rates kick in from August 1, 2025, the focus is back on US trade policies and their spillover effects globally. Financial markets, however, seem to have taken trade policy uncertainties in their stride, possibly reflecting optimism on reaching trade deals that are less disruptive to the global economy. Even so, underpricing of macroeconomic risk by financial markets remains a concern. According to the article, the average trade tariff rates are set to touch levels unseen since the 1930s. Moreover, the risk of imposition of new high tariffs looms large for additional sectors. The evolving pattern of global trade flows and supply chains are far from settled, the article highlighted, adding that these uncertainties pose considerable headwinds to global economic prospects. 'Amidst rising trade uncertainties and geo economic fragmentation, building more resilient trade partnerships presents a strategic opportunity for India to deepen its integration with global value chains,' it said. In addition, measures to accelerate domestic investment in infrastructure and structural reforms aimed at improving competitiveness and productivity would build resilience while supporting the growth momentum.
The Hindu
23-07-2025
- Business
- The Hindu
Trade uncertainties posing headwinds to global economic prospects: RBI bulletin
Multiple uncertainties emanating from the high tariffs to be imposed by the Trump administration in the U.S. poses considerable headwinds to global economic prospects, while underpricing of macroeconomic risk by financial markets remains a concern, Reserve Bank of India (RBI) officials have said in the July edition of the RBI Bulletin released on Wednesday. And amidst rising trade uncertainties and geo economic fragmentation, India has an opportunity to deepen its integration with global value chains by building more resilient trade partnerships, they said. 'As intense negotiations are underway for closing trade deals before the new import tariff rates kick in from August 1, 2025, the focus is back on U.S. trade policies and their spillover effects globally. Financial markets, however, seem to have taken trade policy uncertainties in their stride, possibly reflecting optimism on reaching trade deals that are less disruptive to the global economy,' the offiicials said in the article 'State of the Economy'. 'Even so, underpricing of macroeconomic risk by financial markets remains a concern. The average trade tariff rates are set to touch levels unseen since the 1930s. Moreover, risk of imposition of new high tariffs looms large for additional sectors,' they wrote in the article. Stating that the evolving pattern of global trade flows and supply chains were far from settled, they stated, 'These uncertainties pose considerable headwinds to global economic prospects.' Despite global uncertainties, the Indian economy remains largely resilient, supported by strong macroeconomic fundamentals, they emphasised. 'Easing inflation, improving kharif season prospects, front-loading of government expenditure, targeted fiscal measures and congenial financial conditions for faster transmission of rate reductions should support aggregate demand in the economy, going forward,' they said. 'Amidst rising trade uncertainties and geo economic fragmentation, building more resilient trade partnerships presents a strategic opportunity for India to deepen its integration with global value chains,' they pointed out. In addition, measures to accelerate domestic investment in infrastructure and structural reforms aimed at improving competitiveness and productivity would build resilience while supporting the growth momentum, they mentioned. Meanwhile, the domestic economy headline inflation, as measured by YoY changes in the all-India consumer price index (CPI), declined to 2.1% in June 2025 (the lowest since January 2019) from 2.8% in May . The fall in headline inflation by 72 bps came from a favourable base effect of 133 bps, which more than offset a positive price momentum (m-o-m change) of 62 bps. 'For the first time since February 2019, food group registered a deflation of (-) 0.2% (YoY) in June as against an inflation of 1.5% in May. This was driven by a deflation within vegetables, pulses, and meat and fish sub-groups,' the officials said. Inflation in cereals, fruits, milk and products, oils and fats, sugar and confectionery, and prepared meals moderated while that in eggs edged up. Core inflation inched up to 4.4% in June 2025 from 4.2% in May. The increase in core inflation was primarily due to a sharp rise in inflation in the personal care and effects sub-group. Sub-groups such as recreation and amusement, household goods and services, health, transport and communication and education also recorded an increase in inflation. While clothing and footwear recorded lower inflation, that of pan, tobacco and intoxicants, and housing remained unchanged, they added. In terms of regional distribution, both rural and urban inflation eased further to 1.7% and 2.6%, respectively, in June, with a greater fall witnessed in rural inflation.
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First Post
20-07-2025
- Sport
- First Post
Koneru Humpy moves closer to FIDE Women's World Cup semi-finals as Harika plays out draw vs Divya
Koneru Humpy was the only Indian to win the Round 1 of the FIDE Women's World Cup quarter-finals as Harika D played out a thrilling draw against Divya Deshmukh on Saturday. read more India's Koneru Humpy has 1-0 lead after Round 1 of the quarter-finals in FIDE Women's World Cup 2025. Image: FIDE Indian Grandmaster Koneru Humpy and top seed from China, Lei Tingjie, were the only two to take a lead after the first Classical round of the quarter-finals in the FIDE Women's World Cup 2025 in Batumi, Georgia, on Saturday. Meanwhile, the all-India battle between Divya Deshmukh and Harika Dronavalli ended in a draw, while R Vaishali was held by China's World No. 8 Tan Zhongyi. Divya Deshmukh entered the match against Harika after causing one of the biggest upsets in the tournament as the Indian International Master defeated the second seed from China, Zhu Jiner, in the tiebreaks. STORY CONTINUES BELOW THIS AD Divya Deshmukh plays out thrilling draw vs Harika However, the 19-year-old Divya Deshmukh could not capitalise on the momentum and White pieces against Harika, settling for a draw after 31 moves in a Ruy Lopez Opening game where the 34-year-old Harika opted for the Morphy Defense. 'I didn't want to let Divya get something from the opening. I just tried to go with the flow. Of course, I prepared, but nothing came forward,' Harika said after the draw. Divya and Co on a roll: How Indians have taken FIDE Women's World Cup 2025 by storm Both players will be back for the second Classical game on Sunday, followed by tiebreaks, if required. Round 5, Game 1 — two draws, two wins, and tension rising. ♟️🔥 Every move is critical now, with just one step between players and the semifinals. 📷 Anna Shtourman/ FIDE #FIDEWorldCup — International Chess Federation (@FIDE_chess) July 19, 2025 The Vaishali vs Zhongyi was the longest match in the quarter-finals on Saturday and lasted for 72 moves as both players decided to settle for a draw. Zhongyi will have the White pieces advantage on Sunday. Humpy beats Yuxin Song Humpy had little trouble beating 19-year-old IM Yuxin Song of China as she took a 1-0 lead in the quarter-finals after a 53-move English Opening game. The world No.5 from India will play with Black pieces in the second Classical game on Sunday. Lei Tingjie outplayed Georgia's Nana Dzagnidze in 40 moves using the English Opening to join Humpy at the top of the standings. The top three players at the FIDE Women's World Cup 2025 will get a direct entry into the FIDE Women's Candidates.
Time of India
15-07-2025
- Business
- Time of India
At 2.1%, retail inflation falls to over 6-year low in June
Representative image NEW DELHI: Retail inflation slumped to a 77-month low in June, led by a sharp moderation in food inflation, prompting some experts to say that a rate cut in the Aug meeting of the Reserve Bank of India 's monetary policy committee may not be ruled out. Data released by the National Statistics Office (NSO) on Monday showed that retail inflation, as measured by the consumer price index ( CPI ), rose by an annual 2.1 per cent in June, slower than the 2.8 per cent recorded in May. There was a decline of 72 basis points in the inflation of June compared to May, marking the lowest year-on-year inflation since January 2019. This is the eighth consecutive month that retail inflation has moderated. Food inflation, as measured by the all-India consumer food price index, fell by 1.1 per cent. There was a sharp decline of 205 basis points in food inflation in June compared to May 2025, and the food inflation in June was the lowest since January 2019, according to the statistics office data. Rural inflation was lower at 1.7 per cent in June compared to urban inflation, which was recorded at 2.6 per cent. Vegetables inflation during June was at -19 per cent, while pulses and products fell by 11.8 per cent. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo Food and beverages inflation was at -0.2 per cent during June. "We are not ruling out the possibility of a final 25 basis points rate cut in the Aug 2025 meeting, carrying forward the front-loading seen in June 2025," said Aditi Nayar, chief economist at ratings agency Icra. She added that the agency expects CPI inflation to recede further and bottom out at 1.9 per cent in July 2025, despite an unfavourable base. Separate data released by the commerce and industry ministry showed wholesale price inflation entering the deflation territory at -0.1 per cent in June, led by a deflation in food and fuel. The negative rate of inflation in June is primarily due to a decrease in prices of food articles, mineral oils, manufacture of basic metals, crude petroleum, and natural gas, the ministry said. "Headline deflation was largely driven by deeper deflation in food and fuel WPI. Of the approximately 52 basis points fall in headline WPI year-on-year in June versus May, approximately 33 basis points (64 per cent) was on account of deeper food deflation, with another negative 5 basis points from fuel and power WPI," said a note from Barclays. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
