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The Australian dollar edged lower on Thursday after a weak employment report, in contrast to its NZ counterpart which advanced following a surprise GDP surge. ....
The monthly data released on inflation and industrial production last week paints an encouraging picture of the state of the economy. However, a closer look at the numbers shows that a full recovery is still some distance away, even as inflation concerns exist despite a dip. ....
Jayanth Varma, the lone dissenter on RBI's policy stance indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Govt’s overseas debt at decade high in FY21 SECTIONS Share Synopsis Outstanding multilateral government debt amounted to $57.7 billion as of March 2021 compared to $48.3 billion as of March 2020, translating net fresh borrowing of $9.4 billion during the fiscal. In addition the government bilateral borrowing amounted $2.5 billion and another $209 million from the IMF. Getty Images Indian government s overseas borrowing rose to a decade record last fiscal as the state leaned on multilateral agencies to fight the Covid-19 pandemic. Last fiscal the government shed the aversion to raising funds overseas in extraordinary circumstances to raise $9.4 billion. A bulk of these borrowings were for COVID and development-related projects and estimated to have funded about 3 to 4 per cent of the revised fiscal deficit for the year. ....
Services activity contracts for 3rd straight month amid Covid-fuelled uncertainty, inflation and financial concerns indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.