LIVE: Mortal remains of Mulayam Singh Yadav consigned to flames in Saifai
A large sea of people chant 'Netaji amar rahein' as a vehicle carriedthe mortal remains of Samajwadi Party supremo
 "Mulayam funeral, Mulayam singh demise")
Photo: ANI
JPMorgan Chase & Co Chief Executive Jamie Dimon said the United States and the global economy could tip into a recession by the middle of the next year. Runaway inflation, big interest rate hikes, the Russian invasion of Ukraine, and the unknown effects of the Federal Reserve's quantitative easing policy are among the indicators of a potential recession, he said. "These are very, very serious things which I think are likely to push the U.S. and the world, I mean, Europe is already in recession, and they're likely to put the U.S. in some kind of recession six to nine months from now," Dimon said.
Russia open to Putin meeting Biden at G20, Lavrov says
Last rites ceremony of Mulayam Singh Yadav
Thousands gather for Mulayam Singh Yadav's final journey in Saifai
India a key aviation mkt'; air travel demand to be robust: IATA
India is a key aviation market for the Asia Pacific region as well as the rest of the world and is expected to see robust air travel demand, global airlines' grouping IATA said on Tuesday amid the country's domestic air passenger traffic inching towards pre-COVID levels.
After being significantly hit by the COVID-19 pandemic, the Indian aviation sector is on the recovery path and airlines are also ramping up their staff as well as expanding routes to cater to the rising travel demand.
On October 9, the daily number of domestic air passengers touched 4 lakh, nearing the pre-COVID level and Prime Minister Narendra Modi on Tuesday described the trend as a "great sign".
State Bank of Pakistan hopes IMF will ease terms
The State Bank of Pakistan (SBP) has expressed hope that the International Monetary Fund (IMF) will consider the prevailing economic challenges and crisis triggered by the recent catastrophic floods and would provide relief in its present conditions and terms, paving way for Islamabad to receive about $4 billion from various global creditors.
The central bank also highlighted that the country has already made payments of $4.6 billion in foreign debts, which it says will be significant in establishing Islamabad's intent and credibility as it works towards establishing its case in front of the IMF during the upcoming review of the bailout programme.
"The IMF programme was on track and the central bank had fully complied with the targets up till September 2022," SBP Governor Jameel Ahmed said.
"We are hopeful that this will help in attaining a positive outcome with reconsideration of the conditions post floods in the next review."
Gadkari launches Toyota's pilot project on flex fuel-strong hybrid EV
Union minister Nitin Gadkari on Tuesday launched Japanese car maker Toyota's first-of-its-kind pilot project on flex fuel-strong hybrid electric vehicle (FFV-SHEV) that can run on 100 per cent ethanol.
During the launch, the Toyota Corolla Altis FFV-SHEV, which has been imported from Toyota Brazil for the pilot project, was unveiled.
Speaking on the occasion, Union Road Transport minister Nitin Gadkari said pollution is a big concern in India and the transport sector is contributing to pollution.
Russian strikes on Ukraine could have violated laws of war: UN
Turkey calls for Russia, Ukraine ceasefire 'as soon as possible'
'Disciples' of JP sacrificed his ideology, joined hands with Congress: Shah
Home Minister Amit Shah on Tuesday said that those who claim themselves disciples of Jayaprakash Narayan have sacrificed his socialist ideology, in an apparent dig at the Mahagathbandhan government in Bihar.
Shah made the statement while addressing a rally here at the birthplace of Narayan, popularly known as JP, in Bihar's Saran district after unveiling a 15-feet high statue of the socialist icon.
"He is power hungry, and for power, he sacrificed JP's ideologies and joined hands with the Congress. He has nothing to do with the ideologies of JP," Shah said, in an apparent reference to Chief Minister Nitish Kumar who dumped the BJP to form a new seven-party coalition government.
Domestic air passenger traffic nearing pre-COVID level 'great sign'; focus is on improving connectivity: PM
Prime Minister Narendra Modi on Tuesday described the number of daily domestic air passengers nearing the pre-COVID level as a "great sign" and said the focus is on improving connectivity across the country.
On October 9, the domestic air passenger traffic touched 4 lakh and was inching closer to the pre-COVID level. The country's civil aviation sector is on the recovery path after being impacted by the pandemic.
Civil Aviation Minister Jyotiraditya Scindia on Monday tweeted that on October 9, India achieved the milestone of 4 lakh domestic air passengers.
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First Published: Oct 11 2022 | 6:57 AM IST