Thursday, Jun 30, 2022
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Delhi Government Extends Free Ration Scheme Till 30th September: Arvind Kejriwal

Delhi Government Extends Free Ration Scheme Till 30th September: Arvind Kejriwal

In the wake of the inflation amidst the pandemic, Delhi Chief Minister Arvind Kejriwal has said that the government will keep providing free rations to its people till 30th September.

29 June 2022
Sri Lanka Economic Crisis: IOC Provides Fuel As Government Pumps Go Dry

Sri Lanka Economic Crisis: IOC Provides Fuel As Government Pumps Go Dry

On Monday, the Sri Lankan government announced that only essential services will operate from midnight till July 10 and all other operations will be...

29 June 2022

Europe's Central Bank Ready To ''Stamp Out'' Surging Inflation

In a speech opening an ECB forum on central banking in Sintra, Portugal, bank President Christine Lagarde used strong terms as policymakers target inflation...

Persistent Inflation Likely To Impact Demand Across Categories: N Chandrasekaran

Persistent Inflation Likely To Impact Demand Across Categories: N Chandrasekaran

Terming the FY21 as a "very eventful one", Chandrasekaran said challenges posed by the pandemic and more recently, geo-political developments have resulted in...

27 June 2022

President Biden And G-7 Allies Huddle On Energy, Inflation, Ukraine War

Biden arrived in Germany's picturesque Bavarian alps early Sunday morning for the annual meeting of the leading democratic economies, where the reverberations...

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24 June 2022
Jammu Kashmir Suffering Due To Centre's 'Stubborn Attitude': Abdullah

Jammu Kashmir Suffering Due To Centre's 'Stubborn Attitude': Abdullah

Farooq Abdullah expressed his grievance addressing a party function in Magam hamlet in central Kashmir, “my way or the highway attitude” of the Centre.


24 June 2022
RBI Monetary Policy Actions Likely To Be More Moderate Than Other Nations: Deputy Governor Patra

RBI Monetary Policy Actions Likely To Be More Moderate Than Other Nations: Deputy Governor Patra

The Reserve Bank has already raised the key policy rate by 90 basis points in May and June to 4.9 per cent to tame high inflation, mainly due to supply...


24 June 2022
Fed Must Convince Public It Can Tame Inflation: Chair Jerome Powell

Fed Must Convince Public It Can Tame Inflation: Chair Jerome Powell

Powell and the Fed are in the hot seat because inflation, which had been an economic afterthought for decades, has shot to the top of threats to the economy...


23 June 2022
Jerome Powell: Fed Aims To Avoid Recession But Says It's Possible

Jerome Powell: Fed Aims To Avoid Recession But Says It's Possible

Powell stressed that the Fed's primary goal is to reduce inflation but said he still hopes to achieve a “soft landing”


22 June 2022
UK Inflation Rate Hits New 40-Year High Of 9.1%

UK Inflation Rate Hits New 40-Year High Of 9.1%

The Office for National Statistics said Wednesday that consumer price inflation rose slightly from 9% in April, itself the highest level since 1982


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22 June 2022
RBI Governor Flags Continued High Inflation As 'A Major Concern': MPC Minutes

RBI Governor Flags Continued High Inflation As 'A Major Concern': MPC Minutes

As per the minutes of the three-day meeting, the Governor said while high inflation continues to be the major concern, revival of economic activity remains...


20 June 2022
Retail Inflation For Farm, Rural Workers Rises To 6.67%, 7% In May

Retail Inflation For Farm, Rural Workers Rises To 6.67%, 7% In May

The all-India consumer price index numbers for agricultural labourers and rural labourers for the month of May, 2022 increased by 11 points and 12 points to...


20 June 2022
India Faces Near-Term Challenges; Better Placed To Deal With Them: Finance Ministry Report

India Faces Near-Term Challenges; Better Placed To Deal With Them: Finance Ministry Report

Near-term challenges need to be managed carefully without sacrificing the hard-earned macroeconomic stability, the Monthly Economic Review said


19 June 2022
Normal Monsoon, Interest Rate Cut Key To Bringing Down Inflation By Year-End: Economists

Normal Monsoon, Interest Rate Cut Key To Bringing Down Inflation By Year-End: Economists

While retail inflation rose 7.04 per cent in May year-on-year, slightly down from a 95-month high of 7.79 per cent in April, wholesale or WPI inflation rose to...


17 June 2022
RBI Not Behind The Curve; Tolerance Of High Inflation Was A Necessity: Shaktikanta Das

RBI Not Behind The Curve; Tolerance Of High Inflation Was A Necessity: Shaktikanta Das

The governor assured that an exit from the easy liquidity conditions will be smooth and there will be a "soft landing"


17 June 2022
Don't See Any Adverse Impact Of US Fed Rate Hike: Economic Affairs Secretary Ajay Seth

Don't See Any Adverse Impact Of US Fed Rate Hike: Economic Affairs Secretary Ajay Seth

"So, I don't see any adverse impact of that (rate hike by Fed) because Reserve Bank of India, in the two previous cycles, has already taken adequate measures,"...


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17 June 2022
Swiss National Bank Hikes Interest Rate By 1/2 Point Amid Inflation Fears

Swiss National Bank Hikes Interest Rate By 1/2 Point Amid Inflation Fears

The bank said the rate on sight deposits would be increased by a half-point, to negative 0.25 per cent. Swiss interest rates have been negative for months,...


17 June 2022
Recovery On Track, India Better Placed To Avoid Stagflation: RBI Article

Recovery On Track, India Better Placed To Avoid Stagflation: RBI Article

The article, published in the RBI's June bulletin, noted that global economic conditions continue to deteriorate as the ratcheting up of commodity prices and...


17 June 2022
Import Freight Cost Surge By 10% Increases Annual CPI By 0.21 Percentage Point: RBI Article

Import Freight Cost Surge By 10% Increases Annual CPI By 0.21 Percentage Point: RBI Article

The article analysed the impact of freight price shocks such as container shortages and the pandemic-related market frictions, on the retail prices through...


16 June 2022
Bank of England under pressure to aggressively hike rates

Bank of England under pressure to aggressively hike rates

While the UK's central bank began raising interest rates earlier than its counterparts, the Bank of England is now trailing the US Federal Reserve in the...


16 June 2022
Explained: Just How High Is The Risk Of Another Recession

Explained: Just How High Is The Risk Of Another Recession

On Wednesday, the Fed stepped up its drive to tame inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three...


16 June 2022
Explained- This Is How A Higher Fed Rate Could Affect Your Finances

Explained- This Is How A Higher Fed Rate Could Affect Your Finances

Chair Jerome Powell hopes that by making borrowing more expensive, the Fed will succeed in cooling demand for homes, cars and other goods and services and slow...


16 June 2022
US Fed Hikes Interest Rate By 75 Basis Points, Highest Since 1994

US Fed Hikes Interest Rate By 75 Basis Points, Highest Since 1994

The Fed’s benchmark short-term rate, which affects many consumer and business loans, will now be pegged to a range of 1.5% to 1.75% — and Fed policymakers...


14 June 2022
Fitch Expects RBI To Hike Interest Rates To 5.9% By December-End

Fitch Expects RBI To Hike Interest Rates To 5.9% By December-End

In its update to Global Economic Outlook, Fitch said India's economy faces a worsening external environment, elevated commodity prices, and tighter global...


14 June 2022
Desi Eatery 'Chai Pani' Named 'Most Outstanding' Restaurant In US

Desi Eatery 'Chai Pani' Named 'Most Outstanding' Restaurant In US

Chai Pani, the Asheville eatery has been named America's most Outstanding Restaurant at the James Beard Foundation Awards in Chicago.


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