This week saw a major geopolitical shift with the US and Iran signing a peace deal to end the West Asia war, while India's wholesale inflation hit a record 9.7% in May 2026. Kerala presented a revised budget with a large revenue deficit, and political developments in Maharashtra saw six MPs defect to Eknath Shinde's camp. Industrial safety concerns were highlighted by an ammonia gas leak in Tamil Nadu that killed eight.
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- ›US-Iran MoU Date: June 15, 2026
- ›WPI May 2026: 9.7%
- ›Target this Data: WPI inflation at 9.7% in May 2026 (base year 2022-23)
- ›Target this Nodal Body: Ministry of Commerce and Industry (for WPI/PPI transition)
- ›Target this Legal Point: Tenth Schedule (Anti-Defection Law) in context of Operation Tiger
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