India will turn to Finance Minister Nirmala Sitharaman’s budget on Monday to see how she prioritizes spending to get the pandemic-ravaged nation back to being the world’s fastest-growing major economy.
Read more about High stakes as India vows to present a Budget like never before on Business Standard. Total spending plan for next fiscal may surpass last year s Rs 30.4 trn, with focus likely on expanding a jobs guarantee program to cities and increasing allocation on education, housing, and health
India will turn to Finance Minister Nirmala Sitharaman's budget on Monday to see how she prioritizes spending to get the pandemic-ravaged nation back to being the world's fastest-growing major economy.
Australia’s Inflation Exceeds Estimates as Recovery Builds
Bloomberg 1/27/2021 Michael Heath
(Bloomberg) Australia’s consumer prices rose faster than forecast in the final three months of last year as the government amended funding to various stimulus programs amid an economy regaining momentum.
The consumer price index advanced 0.9% from the third quarter, underpinned by increases in tobacco excise, compared with economists’ estimates of a 0.7% gain, data from the Australian Bureau of Statistics showed Wednesday. Annual CPI also beat forecasts, similarly rising by 0.9% versus an estimated 0.7%.
“Since the June quarter fall of 0.3%, the increase in annual inflation largely reflects the unwinding of free child care and higher petrol prices,” said Michelle Marquardt, head of Prices Statistics at the ABS. “The rise in demand for new dwellings is reflected in higher building approvals for houses and a record value for housing loan commitments.”