Page 66 - Latest Updates on Inflation
ADB commits $14 billion to ensure food security in Asia Pacific
ADB said it will continue to invest in other activities which contribute to food security such as energy transition, transport, environmental management, health and education.
 "ADB commits $14 billion to ensure food security in Asia Pacific")
Reducing govt spending holds the key to fixing India's inflation worries
If the finance ministry wants private investment to revive, it must make things easy for it and resist the temptation to go on spending just because it can
Robust demand for luxury products exposes widening inequality in India
Consumer-goods makers are reporting robust demand for items priced nearly $2,000 in a nation where per-capita income is just a tad above that level
 "Robust demand for luxury products exposes widening inequality in India")
Rupee ends beyond 81 against dollar for the first time; lags EM peers
RBI may have sold around $1 bn, but experts see pace of intervention declining
 "Rupee ends beyond 81 against dollar for the first time; lags EM peers")
Energy, inflation crises risk pushing big economies into recession: OECD
In a bleak report titled Paying the price of war, the Paris-based organisation noted that the conflict aggravated inflationary pressure when the cost of living was already rising quickly.
 "Energy, inflation crises risk pushing big economies into recession: OECD")
OECD, S&P keep India's economic growth forecasts unchanged for FY23
S&P noted that India's domestic recovery from Covid-19 would continue to support growth in FY23
 "OECD, S&P keep India's economic growth forecasts unchanged for FY23")
Top headlines: Rupee at new low; Unilever CEO to quit end of next year
From rupee touching a new low to Unilever CEO quitting by end of next year; here are the top headlines this evening
 "Top headlines: Rupee at new low; Unilever CEO to quit end of next year")
Unilever CEO Alan Jope to retire at end of 2023 after GSK setback
Jope, a long-term veteran of the consumer goods company, will leave after only five years in the role, with no named successor currently in place
S&P projects India's FY23 GDP growth at 7.3%, pegs inflation above 6%
S&P Global Ratings projected India's economic growth at 7.3% in current fiscal with downside risks and said inflation is likely to remain above RBI's upper tolerance threshold
India's gold demand may cross China's: World Gold Council's John Reade
In a Q&A, the council's Global Chief Market-Strategist said the price of gold will face headwinds in the near future
 "India's gold demand may cross China's: World Gold Council's John Reade")
Don't equate fun with money: Pichai tells staff in heated all-hands meet
He talked about the vexed issue of cost cuts, and indicated Google's culture could still be enjoyable, even if some things were taken away
 "Don't equate fun with money: Pichai tells staff in heated all-hands meet")
Markets may remain volatile with selling bias: IIFL Securities chairman
In a Q&A, R Venkataraman says the markets seem to be hoping against hope that rate hikes will not need to be sharp going ahead so as to trigger a global recession
 "Markets may remain volatile with selling bias: IIFL Securities chairman")
Rahul Gandhi slams Centre over issues of price rise, unemployment
Rahul Gandhi attacked the Centre over the issues of price rise and unemployment, alleging that the BJP-led government is not for farmers, youth and women but for the five-six richest Indians
 "Rahul Gandhi slams Centre over issues of price rise, unemployment")
US economy may be entering 'new normal' after pandemic, says Jerome Powell
Powell and his colleagues are moving rapidly to reduce the highest inflation in nearly 40 years after being slow to spot the threat of broadening price pressures.
Inflation, social unrest challenge Bangladesh's 'miracle economy'
Experts say Bangladesh's predicament is nowhere nearly as severe as Sri Lanka's
 "Inflation, social unrest challenge Bangladesh's 'miracle economy'")
Economist Roubini expects a 'long, ugly' recession, stocks sinking 40%
Roubini, who has warned through bull and bear markets that global debt levels will drag down stocks, said that achieving a 2% inflation rate without a hard landing is going to be "mission impossible"
 "Economist Roubini expects a 'long, ugly' recession, stocks sinking 40%")
Samajwadi Party boycotts UP assembly session, protests on varied issues
At the party office, SP chief Akhilesh Yadav told reporters that the government is trying to run away from discussing basic issues in the House by keeping the session for a shorter period.
 "Samajwadi Party boycotts UP assembly session, protests on varied issues")
Microsoft CEO confident about Activision deal approval, handling of economy
Nadella said the company will keep growing in some areas after adding approximately 70,000 workers during the pandemic
 "Microsoft CEO confident about Activision deal approval, handling of economy")
Govt making efforts to keep inflation under 4%: Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman said the government was making efforts to keep inflation under 4 per cent and steps were being taken to ensure people get essential goods at fair price
 "Govt making efforts to keep inflation under 4%: Nirmala Sitharaman")
Sri Lanka's inflation jumps to 70.2% amidst worst-ever economic crisis
Sri Lanka's inflation surged to 70.2 per cent in August from 66.7 per cent a month ago as the island nation is grappling with the worst economic crisis, according to official data released on Thursday
 "Sri Lanka's inflation jumps to 70.2% amidst worst-ever economic crisis")