Retail inflation cools in Nov, WPI at 9-month high
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RBI has cautioned that the inflation outlook has turned adverse relative to expectations in the past two months.
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Retail inflation slowed to a three-month low at 6.93% in November as vegetable prices eased, data released by the statistics department on Monday showed. However, the central bank is unlikely to cut interest rates anytime soon as inflation still remains well above the upper limit of its tolerance level of 6%.
In November, food inflation eased to 9.43% from 11% a month ago, with the vegetable price index softening to 15.6% from 22.5% in October. However, inflation for protein-based items such as meat and fish (16.7%), egg (20.3%) and pulses (17.9%) remained high.
India, US are the best places for investor fund disclosure. Which is worst?
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Morningstar applied a grading scale of top, above average, average, below average, and bottom to evaluate 26 markets based on six disclosure criteria. Photo: Bloomberg
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. Updated: 15 Dec 2020, 11:39 AM IST Bloomberg
India and the U.S. are the two most investor-friendly markets in the world in terms of best practice for portfolio disclosure, while Australia ranks at the bottom, according to a global study by Morningstar Inc.
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India and the U.S. are the two most investor-friendly markets in the world in terms of best practice for portfolio disclosure, while Australia ranks at the bottom, according to a global study by Morningstar Inc.
The US-China tech war won’t end under Biden
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US President-elect Joe Biden arrives with wife Jill Biden to deliver remarks on the Electoral college certification at the Queen Theatre in Wilmington, Delaware on December 14, 2020. (Photo by ROBERTO SCHMIDT / AFP)
(AFP)
Jacky Wong
, The Wall Street Journal
A softer touch is likely, but Democrats and Republicans share concerns about the threat to core American industries and China’s techno-authoritarian ambitions
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The tech war between the U.S. and China will likely continue under the Biden administration, although modestly sweeter talk may mask some of the deep bitterness.
Lebanon to get first batch of Covid-19 vaccines in two months, says minister
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A customer wearing a protective face mask shops inside a grocery store in Beirut, Lebanon December 7, 2020. Picture taken December 7, 2020. REUTERS/Mohamed Azakir
(REUTERS)
Issam Abdallah
Nation is already struggling with economic meltdown
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Lebanon is expected to sign a deal this week for supplies of Pfizer-BioNTech s Covid-19 vaccine and is set to receive the first batch eight weeks after that, the caretaker health minister said.
A surge in infections is straining Lebanon s healthcare system which has been struggling amid a financial crisis and after a huge port explosion in August smashed up hospitals in Beirut.
Vigour of India’s revival surprising: S&P
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(Bloomberg)
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S&P Global Ratings on Tuesday pared down its projection about the extent of contraction Indian economy will see in FY21 to 7.7% from 9% dip estimated earlier, holding that it is surprised by the vigour of economic recovery in Asia s third largest economy, especially given the tepid policy response from the government underpinning it.
The rating agency said rising demand and falling infection rates have tempered its expectation of the pandemic’s hit on the Indian economy. “Our revision reflects a faster-than-expected recovery in the quarter through September. India (is) learning to live with the virus, even though the pandemic is far from defeated. Reported cases have fallen by more than half from peak levels, to about 40,000 per day. The feared resurgence following the recent holiday season has yet to materialize. People are moving around much more, with Google data suggesting mobility