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.
India
What Sachin Pilot fiasco teaches Congress
“The RSS has powerful ideologues, ideology, and cadre, which fuels and propels the BJP. Until the Congress party makes an earnest effort to create a new cadre of leadership from the grassroots who are truly […]
Business & Economics
Japan approves $200-bn stimulus to check inflation
Japanese Prime Minister Fumio Kishida’s government approved on Friday a hefty economic package that will include about 29 trillion yen ($200 billion) in government spending to soften the burden of rising utility rates and food […]
United States
Trump asked to host Diwali Celebration at White House
WASHINGTON (TIP): Sen. Orrin Hatch, R-Utah, has reportedly sent a letter to White House Chief of Staff John Kelly on Sept. 26, urging the Trump administration to continue the tradition of celebrating Diwali at the […]
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