More and more central banks are shifting their focus back to inflation even as growth recovery remains nascent. In this environment, RBI should avoid drastic policy responses.
President Gotabaya Rajapaksa was forced to impose an economic emergency on 31 August to contain soaring food inflation, and currency devaluation and forex reserves crisis.
The reforms were undertaken exactly 30 years ago, at a time when India was facing its worst economic crisis. Here’s a look at what led to the crisis and how India weathered it.
The revival in the rupee’s fortunes reflects the country's efforts to tackle the pandemic, with local lockdowns helping to rein in daily cases which were the world’s highest in April.
Rupee has gained 0.6% this year against dollar, and there are signs it could keep rallying. A recovering economy & an expansive budget are luring global funds to India’s equities.
New CPI series will take 2024 as base year, will provide more accurate measure of inflation, spending on digital services. Expected to enhance representation and reliability, says Saurabh Garg.
The agreement, signed after meeting between Rajnath and US Secretary of War Pete Hegseth on sidelines of ADMM-Plus in Kuala Lumpur, aims to deepen bilateral ties in the critical sector.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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