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India inflation news: PM Narendra Modi seeks to free up Rs 1 lakh crore to quell inflation before vote

Prime Minister Narendra Modis government is planning to reallocate as much as Rs 1 lakh crore in a bid to contain the inflation which has seen a sudden spike in recent months. It would be the second straight year of similar adjustments to contain costs for consumers after the government unveiled a $26-billion plan last year
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Central Bank: The Financial Pillar of Stability and Regulation

A central bank is a crucial institution within a country's financial system, responsible for overseeing and regulating the nation's monetary and financial activities. It plays a vital role in maintaining economic stability, controlling inflation, and ensuring the smooth functioning of the financial markets. In this article, we delve into the…
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BBCNEWS Newsday June 4, 2024 22:11:00

The people who are affected most by high interest rates would tend to be younger households. older people, older house holders, are more likely to have paid off their mortgages โ€” they are mortgage free โ€” so they dont feel the impact of the increase in mortgage rates. you could spread the pain more broadly, so those households that, perhaps, arent facing higher mortgage rates currently โ€” households that dont hold mortgages โ€” would potentially contribute towards the squeeze in demand by pa...
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