The Reserve Bank of India has also increased intererest rates to deal with rising inflation.
Reserve Bank of India Governor Shaktikanta Das on Wednesday said that the Monetary Policy Committee (MPC) of the central bank, in an off-cycle meeting, hiked the repo rate by 40 basis points (bps) to 4.40 per cent with immediate effect.
The US Federal Reserve has raised the bank interest rate from a near-zero level to 0.25 to 0.50 per cent range, for the first time in four years as inflation stubbornly stood at 6.1 per cent. Federal Reserve Chairman Jerome Powell said, “As I looked round the
The Reserve Bank of India’s (RBI) key interest rate was raised by 50 basis points on Wednesday as widely expected, the second hike in as many months, in a bid to cool persistently high inflation in Asia’s third-largest economy. The central bank also dropped its long-standing phrase that future policy would remain ‘accommodative’,
Twenty-three national governments, including India and the UK, and the EU, collaborating through Mission Innovation (MI), on Friday announced that they will coordinate
North Korea passed a law this month putting into effect Kim Jong Un’s decision that in case he is incapacitated by foreign hands, the country will “automatically and immediately” launch a nuclear retaliation.
On Thursday 53 people died due to a boat capsize off the coast of Syria carrying between 120 to 150 people. The people on the boat were Lebanese, Syrians (there are a million Syrian refugees in Lebanon) and Palestinians (Palestinian refugees in Lebanon have been in the country for 40 years and more, living in refugee camps) fleeing
Letitia James, the attorney general of New York, isn’t the first public official to coin a pithy phrase about Donald Trump, but hers was one of the more memorable ones. James described Trump’s approach to paying business taxes as less “The Art of the Deal — it’s the art of the steal”. Talented lawyer as she is, maybe she should be in