RBI Governor Shaktikanta Das on Thursday said many fast indicators are showing an uptick in economic activity and the RBI is quite optimistic about its 9.5% GDP growth estimate for FY2021-22 at present. He said the impact of the second wave of Covid has waned by August, and economic growth will be better from the second quarter onwards on a sequential basis. Speaking at an event in Mumbai, Das said the RBI has decided to give more emphasis on growth because of the pandemic and operate in the 2-6% inflation band set by the government for it.
Indian Americans
Indian American management consultant Ashish Vazirani to be nominated to a key Pentagon position
WASHINGTON (TIP): US President Joe Biden has announced his intent to nominate Ashish Vazirani, an Indian American management consultant, to a key Pentagon position. Vazirani has been nominated for the position of Deputy Under Secretary […]
Opinions
Pakistan in dire straits
Faces political uncertainty, economic bankruptcy and Taliban violence “Pakistan is presently fully engrossed in avoiding bankruptcy and focusing on talks with the IMF. Islamabad has been forced to accept some very tough conditions before international […]
Indian Americans
Indian-American White House Official says Trump not anti-immigrant
WASHINGTON (TIP): A prominent Indian-American, who holds a key position in the White House, has refuted the notion that US President Donald Trump is anti-immigrant. “First of all, I don’t think that the rhetoric is […]
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