Truss earmarks £130 billion to keep UK energy bills below £2,000
Energy bills in the UK were due to jump 80 percent from October to £3,548 a year for the average household, forcing many poorer families to choose between heating their homes and other basics
Monetary policy will remain watchful, nimble-footed, calibrated: RBI governor
Das was speaking at an event organised by the Fixed Income Money Market and Derivatives Association of India.
Not sure if we are holding back sovereign bonds from global indices, says finance minister
The comments come amid speculation that Indian government bonds could be included on JPMorgan's Government Bond Index-Emerging Markets as early as this month
India committed to privatisation, bank reforms, says finance minister
The Centre had proposed privatisation of two public sector banks along with one general insurance company in the 2021-22 budget.
Revving exports to US keep India in race to be the next China
Sea-borne shipments of festival goods and accessories to America touched $20 million last month, almost triple the value from the year-ago period, and in the process, India gained a clear lead over the Philippines as buyers diversify supply sources in the face of rising labour costs and disruptions from China’s strict Covid-zero policy
Core sector growth slows to 4.5% in July
In June, eight core sectors grew by 13.2 percent.
CCEA approves states to buy chana at discounted rates for welfare schemes
Under the scheme, states can lift 15 lakh tonnes of chana at the discount of Rs 8 per kg over issue price of the sourcing state on first come first serve basis
India may ban rice exports, pose risk to global supply, says Nomura
The world's biggest rice exporter could see lower production as sowing has been 6 percent lower than the previous season
Economic offences rise 19 percent in 2021, Mumbai tops among cities: NCRB
Forgery, cheating and fraud accounted for more than 87 percent of the reported cases, while Mumbai saw over 44 percent jump in cases. Only 5,531, or 29.4 percent, out of the 18,839 cases which completed trial in 2021 resulted in a conviction.
Remembering Abhijit Sen
Sen, an economist who made multiple contributions to Indian policymaking, passed away on August 29.
Top central bankers deliver a hawkish message at Jackson Hole
Policy makers in Europe and the US, battling the hottest inflation in decades, are resolutely raising rates and pushed back against suggestions they will waver if their economies falter while price pressures remain too high
Central banks will fail to tame inflation without better fiscal policy, study says
If monetary tightening is not supported by expectation of appropriate fiscal adjustments, the deterioration of fiscal imbalances will cause even higher inflationary pressure, says a study presented at Jackson Hole
Interview | India must open up the agri sector to ease the burden on farmers: Government MSP panel’s Gunvant Patil
The need of the hour is to bring people out of farming, which is largely a loss-making enterprise, said the veteran farm leader.
Backend botch-ups hamper Direct Benefit Transfer payments
More than half the payment failures may be due to incorrect Aadhaar details, or bank accounts that are wrongly flagged as inactive
Former CEA K Subramanian to take over as Executive Director at IMF from November
Surjit Bhalla is the current Executive Director (India) at IMF; his tenure ends on October 31.
Inflation | Jackson Hole should be a mea culpa for central bankers
Policy makers need to acknowledge their past mistakes, as well as detail the trade-off between growth and inflation
Cabinet tweaks policy to allow ban of wheat flour exports as global demand shoots up
The existing policy has led to a significant amount of wheat flour continuing to be exported from India even after all such exports were restricted back in July.
More lateral entry from private sector, new trade promotion body planned for Commerce Department: Piyush Goyal
The government plans to implement a Boston Consulting Group report which calls for significant restructuring of the department to help hit $2 trillion in exports by 2030.
Japan | When too much inflation is a long-awaited victory
The Bank Of Japan pledged not just to hit 2 percent inflation, but to stay above it, way back in 2016. Now, prices are rising faster than the target and Kuroda’s decisions are getting tougher
Revenue Secy Tarun Bajaj gets additional charge of Corporate Affairs Secretary
The additional duty comes just months after Bajaj got additional charge of Economic Affairs Secretary till August 12.
China's July Russian coal imports hit 5-year high as West shuns Moscow
China brought in 7.42 million tonnes of coal from Russia last month. That was the highest monthly figure since comparable statistics began in 2017, up from 6.12 million tonnes in June and 6.49 million tonnes in July 2021
Russia remains China's top oil supplier for the 3rd straight month
Imports of Russian oil, including supplies pumped via the East Siberia Pacific Ocean pipeline and seaborne shipments from Russia's European and Far Eastern ports, totalled 7.15 million tonnes, up 7.6 percent from a year ago
US economy flashes signals of hope and concern in mixed data
Consumers continue to spend and applications for unemployment benefits remain historically low. The housing market is deteriorating fast, while the manufacturing sector is losing momentum, but not as quickly as feared
Important to bring inflation closer to target, say RBI rate-setting panel members
India's consumer inflation dipped to 6.71 percent in July, easing for the third month in a row, helped by a slower increase in food and fuel prices but continues to remain above the RBI's mandated target band of 4-6 percent for a seventh straight month
