‘This is the seventh economic growth plan in the last 10 years’ – Sky News

‘This is the seventh economic growth plan in the last 10 years’Sky News UK government dishes out extensive tax cuts as country braces for recessionCNBC Pubs to Homebuilders in Spotlight Ahead of UK’s Mini BudgetBloomberg ‘We are probably going to need further interest rate rises’Sky News UK’s Sweeping Tax Cuts Send Pound Tumbling, Yields HigherThe … Read more

Letters to the Editor dated September 19, 2022

Tackling economic issues This refers to ‘A case for demystifying economic data’ (September 19). In an interdependent economy one tends to adopt a one-size-fits-all approach while suggesting solutions to tackle various macroeconomic issues like inflation, fiscal deficit and unemployment. For instance, the US is facing a ‘demand pull’ inflation with rising income and wages against … Read more

Interest rates and stock volatility will be higher for longer after US inflation shock | ABC News – ABC News (Australia)

Interest rates and stock volatility will be higher for longer after US inflation shock | ABC NewsABC News (Australia) Inflation is a runaway train, Saxo Bank chief warns The Business | ABC NewsABC News (Australia) Interest rates and stock volatility will be higher for longer after the US inflation shockABC News The Reserve Bank Christmas … Read more

Inflation ‘yet to peak’ in PH: Analyst | ANC – ANC 24/7

Inflation ‘yet to peak’ in PH: Analyst | ANCANC 24/7

MPC should consider a pause in hikes

The MPC’s “action will be measured and calibrated,” said RBI Governor Shaktikanta Das while responding to a question after the last meeting of the Monetary Policy Committee in August, on whether the RBI would front-load rate hikes as the real rates are still negative . As we gear for the next MPC meeting this month-end, … Read more

Letters to the Editor dated September 8, 2022

Incentivising PSB staff Apropos ‘PSB staff need exposure and incentives for performance’ (September 8), public sector banks have played a major part in transforming the lives of the rural poor. Rapid branch expansions in unbanked rural/semi-urban areas under Lead bank schemes and mobilization of small unorganized savings for lending were among the strategic steps undertaken … Read more

Welcome to Liz Truss’ Britain. Everyone’s going on strike – POLITICO

Press play to listen to this article LONDON — As Liz Truss gets down to work as Britain’s new prime minister, she faces an immediate problem. Half the British workforce appears to be going on strike. Across the country, rail workers, barristers, dockhands, bus drivers, garbage collectors, Amazon employees, and even journalists at the infamously … Read more

Britain has its first Black chancellor — but don’t make a thing of it – POLITICO

Press play to listen to this article LONDON — Britain has its first Black chancellor. And in the modern-day Conservative Party, it’s really no big deal. In one of her first acts as British prime minister, Liz Truss picked her long-time friend and close confidante Kwasi Kwarteng to manage the UK public finances. An MP … Read more

GDP Estimated To Rise In First Quarter Of The Financial Year – Business Today

GDP Estimated To Rise In First Quarter Of The Financial YearBusiness Today India’s GDP Grows 13.5% in April-JuneBloomberg Economy At 13.5% In June Quarter: Economist Says Growth Still Lower Than Our Own Share In Global GDPIndia Today At 13.5% Q1 GDP growth, the economy noses ahead of pre-pandemic levelsMoneycontrol India’s quarterly GDP up 13.5% on … Read more