Inflation, unemployment have broken backs of people, says Ashok Gehlot
JAIPUR: Rajasthan Chief Minister Ashok Gehlot on Thursday alleged that skyrocketing inflation and rising unemployment had broken the back of the people of India. Gehlot was addressing a public meeting in support of Anil Sharma, the Congress candidate in Sardarshahar where Assembly bypolls are to be held on December 5. Targeting the BJP-ruled central government, […]
Rupee is not sliding, dollar is strengthening, says India’s Finance Minister in US
WASGINGTON: Finance Minister Nirmala Sitharaman has said that the rupee has not weakened but it is the dollar that has strengthened, as she defended the 8 per cent slide in the value of Indian currency against the greenback this year. Speaking to reporters after attending the annual meetings of the International Monetary Fund (IMF) and […]
Inflation likely to remain elevated, Q3 CPI seen at 6.8%
MUMBAI: As India battles to break out of the Covid cloud and the severe setback inflicted by the pandemic on the economy, the Reserve Bank of India’s Monetary Policy Committee (MPC) expects inflation to remain high and the consumer price index (CPI) for the October-December quarter of FY21 is projected at 6.8 per cent. In […]
Euro zone set for record recession, inflation to vanish: European Commissioner
BRUSSELS: The euro zone economy will contract by a record 7.7% this year because of the COVID-19 pandemic and inflation will almost disappear while public debt and budget deficits will balloon, the European Commission forecast on Wednesday. “Europe is experiencing an economic shock without precedent since the Great Depression,” European Commissioner for Economic and Financial […]