keeping inflation higher than rbi s stated target of 4%, which is needed to pivot to a rate cut. and the rbi doesn t have compulsions, too. like other global central banks, such as in europe and canada, that are dealing with slower economic growth and have moved on to cut rates. and have moved on to cut rates as inflation eased. india reported an 8% plus economic expansion in the last fiscal. projections are it will grow at near 7% in the coming quarters, giving rbi enough room. besides, the new government is yet to take over, likely led by mr narendra modi in a rare third term. but his party will need allies to form the government. now, larger reforms are expected to slow down, and economists feel an alliance could push the government to spend more on welfare programmes, risking its promise of reducing the fiscal deficit. rbi s views on the new government and its fiscal
the government to spend more on welfare programmes, risking its promise of reducing the fiscal deficit. rbi s views on the new government and its fiscal policy in the upcoming budget will be crucial to watch out for. elon musk s spacex rocket has made its first successful test flight after three previous attempts ended in failure. the 65 minute flight wasn t without drama, however, as an on board camera showed many protective tiles peeled off before the starship splashed down in the indian ocean. it comes a day after boeing s starliner capsule completed its first flight to the international space station. competition really heating up between those space companies. a reminder of our top story. british tech tycoon mike lynch has been cleared of fraud charges he faced in the united states. the charges related to the $11 billion sale of his software firm to hewlett packard in 2011.
and the rbi doesn t have compulsions, too. like other global central banks, such as in europe and canada, that are dealing with slower economic growth and have moved on to cut rates. as inflation eased. india reported an 8% plus economic expansion in the last fiscal. projections are it will grow at near 7% in the coming quarters, giving rbi enough room. besides, the new government is yet to take over, likely narendra modi in a rare third term. but his party will need allies to form the government. now, larger reforms are expected to slow down, and economists feel an alliance could push the government to spend more on welfare programmes, risking its promise of reducing the fiscal deficit. rbi s views on the new government and its fiscal policy in the upcoming budget will be crucial to watch out for. from one election to another this time south africa. parties have until the 16th ofjune to try and form some sort of coalition government after recent elections. but the country is facing
she is considered a protege of the previous president although she insists he will wield no influence over her government. she says she will prioritise welfare programmes, improve the lives of women and tackle security. if the elections were marred by violence and threats, and a candidate was reportedly murdered after the polls closed this weekend, among dozens of candidates killed over the campaign. it s a new day in mexican politics. after two centuries of men in power, when voters eventually chose their first female president, it was with a landslide. the victory itself was a moment to savour for claudia sheinbaum, and she was quick to acknowledge the many women who blazed a trail before her. i didn t get here on my own. we got here together, she said. thanks to our ancestors, our mothers, our daughters and granddaughters. in a nation of such entrenched machismo, what claudia sheinbaum has
she insists he will wield no influence over her government. she says she will prioritise welfare programmes, improve the lives of women and tackle security. the elections were marred by violence and threats, and a candidate was reportedly murdered after the polls closed this weekend, one among dozens of candidates killed over the campaign. it s a new day in mexican politics. after two centuries of men in power, when voters eventually chose their first female president, it was with a landslide. the victory itself was a moment to savour for claudia sheinbaum, and she was quick to acknowledge the many women who blazed a trail before her. i didn t get here on my own. we got here together, she said. thanks to our ancestors, our mothers, our daughters