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Express News Service The best way to handle a crisis is to first admit there s one. That confession has come from the RBI. In an unscheduled address on Wednesday morning, Governor Shaktikanta Das indicated that because the fresh crisis (read Covid-19) was still unfolding, both its recent growth and inflation projections are in for a toss. While the inflation trajectory for FY22 will now depend squarely on Covid-19 infections and the impact of localised lockdowns, the economic outlook was highly uncertain and clouded with downside risks, he concluded. Just last month, the central bank projected inflation for Q1 and Q2 at 5.2%, while FY22 growth was retained at 10.5%. Economists are used to analysing things ceteris paribus, where all other things being unchanged or constant, but the coronavirus pandemic has made forecasting nearly impossible. ....
Choppy trade: Sensex extends losses, Nifty closes below 14,300- The New Indian Express newindianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newindianexpress.com Daily Mail and Mail on Sunday newspapers.
Inflation concerns engulf Asian economies newindianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newindianexpress.com Daily Mail and Mail on Sunday newspapers.
A study found that consumption levels and locational inequality are positively related and living standards are higher in richer, but more unequal locations. ....
Of the Rs 8 lakh crore, eight public sector banks reported majority of the pro forma gross NPAs at Rs 6 lakh crore followed by 14 private banks constituting the rest. ....