User: kailas Topic: Economics
Category: Inflation
Last updated: Oct 21 2020 13:44 IST RSS 2.0
 
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UK borrowing jumps in September as Covid support continues 21.10.2020 BBC: Front Page
The government borrowed £36bn in September, the third-highest in any month since records began.
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UK inflation rises after Eat Out to Help Out ends 21.10.2020 BBC: Front Page
The inflation rate increased to 0.5% in September after the discount meals scheme ended, figures show.
Economists have a lot more in common with literature, especially novels, than hard science 16.10.2020 Scroll.in - News that matters
Economic theory fundamentally relies on our understanding of fiction.
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Why is RBI copying US Fed? 14.10.2020 Rediff: Business
'India is not so distant from years of high and entrenched inflationary expectations that it should start trying to play games with the economy the way the West's central bankers think they are entitled to,' argues Mihir S Sharma.
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Prop. 21: Does expanding rent control make sense in a COVID recession? 14.10.2020 LA Times: Business

As voters prepare to vote on a rent control ballot measure, supporters and opponents are both pointing to the coronavirus as a reason to pass or reject Prop. 21.

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The big news: GST Council fails to reach consensus on compensating states, and 9 other top stories 12.10.2020 Scroll.in
Other headlines: Top Bollywood producers moved the Delhi HC to ‘restrain’ two TV channels, and the Nobel Prize in economics was awarded to US auction theorists.
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Consumer Inflation Soars To 7.34% In September, Worst Since January 12.10.2020 NDTV News - Top-stories
Consumer inflation in the country increased to 7.34 per cent in September from 6.69 per cent in the previous month as food prices continued to surge, government data showed on Monday. That marked the...
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RBI Does The Heavy Lifting For Economy In Absence Of Government Stimulus 9.10.2020 NDTV News - Top-stories
Reserve Bank of India Governor Shaktikanta Das used a generous mix of tools to assure the bond market that the central bank will keep yields under control despite the government's record debt program.
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Highlights of RBI's monetary policy statement 9.10.2020 Rediff: Business
The Reserve Bank of India (RBI) on Friday kept key repo rate unchanged at 4 per cent in view of rising inflation and faint signs of economic growth amid gradual lifting of coronavirus (COVID-19) lockdown. The central bank's newly-constituted monetary policy committee (MPC) began its three-day meeting on October 7 and maintained the stance as accommodative. It also kept the reverse repo rate unchanged at 3.35 per cent.
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GDP expected to decline by 9.5% in FY21, may get better in Q4: RBI 9.10.2020 DNA
Governor Shaktikant Das said the RBI's assessment is that inflation will remain elevated in September but ease gradually towards the target over Q3 and Q4.
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RBI Predicts -9.5% GDP For 2020-21, Keeps Rates Unchanged: 10 Points 9.10.2020 NDTV News - Top-stories
RBI Governor Shaktikanta Das said today that the country's economy is likely to contract 9.5 per cent in the current financial year, "with risks tilted to the downside", while maintaining a status...
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RBI's Monetary Policy Panel Votes Unanimously To Hold Key Rates 9.10.2020 NDTV News - Top-stories
The latest meeting is a second straight scheduled review of the RBI's policy, following emergency meetings in March and May - instead of April and June - and comes at a time the country's...
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Will Rates Be Paused? Shaktikanta Das-Led RBI To Announce Policy Today 9.10.2020 NDTV News - Top-stories
RBI Governor Shaktikanta Das-led Monetary Policy Committee will today reveal its policy decision at the end of talks that began on Wednesday. Most economists expect the central bank to keep policy...
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Federal Reserve’s Powell urges more stimulus: ‘Too little support would lead to a weak recovery’ 6.10.2020 Chicago Tribune: Business
Strong financial support from the government and the Federal Reserve have spurred a solid recovery from the pandemic recession, but the rebound may falter without further aid, Fed Chair Jerome Powell warned.
Op-Ed: Trump's disastrous nominee for the Fed Board could make a ruined economy worse 30.9.2020 LA Times: Commentary

Judy Shelton embraces far-right economic ideas that have been debunked by painful experience.

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'India among world's worst performing economies' 29.9.2020 Rediff: Business
Stating that India's economic stimulus was not adequate, Banerjee said, the measures did not increase consumption spending of lower income people as the government was not willing to put money in the hands of the low income population.
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Coronavirus: Public spending rise could be lasting 29.9.2020 BBC: Business
The government must choose between more austerity and permanently higher spending, a think tank warns.
Vacancies Delay RBI Meet On Interest Rates. "Shambolic," Say Economists 28.9.2020 NDTV News - Top-stories
The terms of three external people on the six-member MPC ended last month, and they are yet to be replaced by the government.
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'PM keeps changing goal posts for farmers' 25.9.2020 Rediff: News
'Why did government not include a provision in the bills which categorically stated that no crop will be sold below the MSP in the open market?'
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Why stocks markets are likely to remain volatile 24.9.2020 Rediff: Business
A weak economy coupled with rising Covid-19 cases and inflation that is above RBI's comfort zone, geopolitical developments, and upcoming India Inc's second quarter results for FY21 could impact sentiment, analysts say.
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