The Ukraine conflict impacted India’s economy, but the retail inflation has likely eased below 7 per cent in October, Reserve Bank of India (RBI) governor Shaktikanta Das said at the Hindustan Times Leadership Summit 2022 on Saturday. In February, Das said, the inflation rates were projected at 4 per cent.Continue Reading
Consumer inflation in October will likely be under 7%, compared to a 7.4% rise in the previous month, and India will remain the fastest growing economy in the world despite back-to-back geopolitical shocks, Reserve Bank of India governor Shaktikanta Das said at the 20th Hindustan Times Leadership Summit on Saturday.Continue Reading
Reserve Bank of India governor Shaktikanta Das at the Hindustan Times Leadership Summit on Saturday made a strong pitch for digital currency, calling it important for cross-border transactions and for cross-border payments. “The world is changing. With the way business is done is changing…you have to keep pace with times.Continue Reading
Union minister Piyush Goyal on Saturday attended the fifth and final day of the Hindustan Times Leadership Summit (HTLS) 2022. During his session, Goyal spoke on a range of topics, including the Free Trade Agreements (FTA), $30 trillion economy etc. Follow live updates here Here are some top quotes: TradeContinue Reading
There has to be coordination between the monetary authority (RBI) and the fiscal authority (government), RBI governor Shaktikanta Das said at the Hindustan Times Leadership Summit on Saturday. Elaborating on the issue of the autonomy of central banks, Das said the government needs the Reserve Bank for financial inclusion andContinue Reading
Prime Minister Narendra Modi has gained more popularity among the people of the country due to the trust he built during the Covid-19 pandemic, Vedanta chairman Anil Agarwal said at the Hindustan Times Leadership Summit on Saturday. “The world wants that India remains a market and not a manufacturer,” AgarwalContinue Reading
Walt Disney Co is planning to freeze hiring and cut some jobs as it strives to move the Disney+ streaming service to profitability against a backdrop of economic uncertainty, according to a memo seen by Reuters on Friday. Chief Executive Bob Chapek sent the memo to Disney’s leaders, saying theContinue Reading
BharatPe co-founder Ashneer Grover, who exited the company in March, on Friday took to Twitter to inform his followers he has penned an ‘autobiography,’ describing it as ‘my incredible life story!’. Quite fittingly, the book has ‘Doglapan’ in its title. “After reading this book, either you will immediately resign fromContinue Reading
The EU warned Friday the eurozone was set to fall into recession this winter as Brussels hiked inflation forecasts for 2022 and 2023 on the back of high energy prices. Europe is reeling from the economic shockwaves unleashed by Russia’s war on Ukraine, which have fuelled a spike in energyContinue Reading
The global economy is on the verge of a downturn amid extraordinarily high levels of uncertainty amid persistent inflation, monetary policy tightening, fiscal challenges, geopolitical shifts and financial market volatility, according to a report. Also Read| EU warns of ‘difficult months’ as eurozone faces recession Moody’s Investors Service said inContinue Reading