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President Joe Biden is all-in on calling out “shrinkflation.”

Unrelenting gang attacks in Haiti have paralyzed the country and left it with dwindling supplies of basic goods

pension funds in Canada and a leading global investor, has appointed former Deloitte chief executive N Venkatram as the country chair for CDPQ India. Venkatram, known as Venkat, will join the fund on April 1, 2024, and will also be a member of CDPQ's global management team, the company said. Venkat served as the CEO and managing partner of Deloitte South Asia from 2015 to 2023. He was also on the global executive of Deloitte Touche Tohmatsu, and Asia Pacific executive as well as a member of the South Asia board and the executive committee for 12 years.

sterling in 2024, according to a universe of more than 140 global foreign-exchange rates tracked by Bloomberg. The reason is simple, according to analysts: Britain’s economy is looking more resilient than feared. That’s set to encourage the UK to keep interest rates at their current levels for longer than many of its largest counterparts, including the US Federal Reserve and European Central Bank.

car industry has for the second time revised upwards its growth projections for this fiscal to more than 8%, nearly twice the rate projected at the start of the year. Passenger vehicle sales in the local market are expected to grow by 8.1-8.2% to 4.23 million units in FY24, buoyed by better-than-expected economic growth especially in the last two quarters, favourable monsoons despite the El Niño conditions, and effective monetary policies that helped rein in high inflation without affecting domestic consumption buoyed demand, industry insiders said. Earlier in the year, the industry had estimated sales of 4 million units and 4.13 million units.

European Free Trade Association (EFTA), comprising Iceland, Liechtenstein, Norway, and Switzerland, aiming to boost trade and investments between the two regions. This agreement is expected to bring several benefits to Indian consumers and the economy. Key Benefits for Indian Consumers One of the major benefits of this trade pact is the phased-out custom duties on imported goods, which will enable domestic consumers to access high-quality Swiss products such as watches, chocolates, biscuits, and clocks at lower prices. The agreement includes tariff concessions on a range of products imported from Switzerland, including seafood, mediterranean fruits, coffee, oils, sweets, processed foods, and wine, among others. This will lead to a drop in prices of these products in Indian markets, making them more affordable and accessible to Indian consumers.

Bihar's economy has grown faster than the national economy. Its annual growth rate averaged 7% during the 2000s, and 7.5% during the 2010s (until 2019-20). In comparison, the national economy grew at 6.3% and 6.6% annually during these periods, respectively. Bihar has also made remarkable progress in closing the gap in education, health and basic amenities. Its gross enrolment ratio (GER), sex ratio at birth, life expectancy, infant mortality, and availability of electricity, drinking water and sanitation have improved significantly to levels only slightly below the national average. Yet, in terms of per-capita income, it has remained India's poorest state. This is due to a very low level of initial income preceding the growth spurt and a high population growth rate, which inhibited conversion of higher GDP into the acceleration of per-capita income.

Mint. These next-generation reforms will go alongside India's aspirational goal of establishing the rupee as a stable currency over the next decade, helping internalize its usage, besides enhancing its global acceptance as a payment mode. Additionally, the bureaucracy must keep pace and meet the demands of the 21st century, Sanyal said, adding that the other major area for reforms would be the legal processes.

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Sunday said «we are not afraid of political challenges» and lashed out at the BJP for adopting unfair and undemocratic means to weaken the democratic process of the state. Addressing a public gathering in Solan after dedicating Rs 186 crore developmental projects to the people in the constituency, Sukhu said, «We are not afraid of political challenges. We will face every challenge with determination and will realise the vision of self-reliant Himachal by 2032.» He said that some well-known elements were using hard-earned money of the taxpayers and evil force to topple a democratically elected government, a statement issued here said. While the Himachal Pradesh government's focus was entirely on taking the state forward on the path of sustainable growth, the BJP centered itself in adopting unfair and undemocratic means to weaken the government, he added.

BEIJING (Reuters) — Shanghai Zhenhua Heavy Industries (ZPMC) said on Sunday its cranes do not pose a cybersecurity threat, after U.S. congressional committees questioned the Chinese state-owned company's work on cranes bound for the United States.

British pound is beating more than 90% of the world’s currencies this year on signs the nation’s economy is holding up better than expected, keeping interest rates higher for longer. Only 11 currencies — including those of Kenya, Zambia and Sri Lanka — have outperformed sterling in 2024, according to a universe of more than 140 global foreign-exchange rates tracked by Bloomberg.

DD News, Priya Kumar. Manoj Kumar said that this initiative of DD News and Khadi India will also send a message to those who do not want to wear Khadi, while addressing the program. While praising DD News for its innovations in the media landscape, he said that the journey of Khadi has to be taken further under the leadership of Prime Minister Narendra Modi.

India and four-nation European bloc EFTA on Sunday signed a free trade agreement to help promote investments and exports of key domestic services sectors such as IT, audio-visual, and movement of skilled professionals. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. Union Minister Piyush Goyal, quoting PM Narendra Modi, said, «Despite structural diversities in many aspects, our economies possess complementarities that promise to be a win-win situation for all nations. With the opening up of enormous trading and investment opportunities, we have reached a new level of trust and ambition. The trade agreement symbolizes our shared agreement to open fair, equitable trade, as well as generate growth and employment for the youth.»

European Central Bank left interest rates unchanged for a fourth meeting as a softer outlook for inflation and economic growth bolstered expectations for cuts starting in June. Separate data showed the euro-area economy stagnated at the end of last year, underscoring the central bank’s forecast for slower growth in 2024 than previously estimated. In the US, the unemployment rate climbed to a two-year high in February even as hiring remained healthy, pointing to a cooler yet resilient labour market. In Japan, inflation in Tokyo last month surged back above the central bank’s target, bolstering the case to raise interest rates.

«FPI inflows have shown a positive trend as compared to the previous month. Thanks to the recent announcement of Q3 GDP numbers at 8.4 per cent, persistence performance of large Indian corporates being major factors for turning the tide green for the Indian equity market,» Manoj Purohit, Partner and leader — FS Tax, Tax and Regulatory Services, BDO India, said.

China, Xi Jinping appears imperiously assured that he possesses the right road map to surpass Western rivals. China's economy has lurched into a slower gear. Its population is shrinking and aging. Its rival, the United States, has built up a lead in artificial intelligence. Xi's pronouncement several years ago that the «East is rising and West is declining» — that his country was on the way up while American power shrank — now seems premature, if not outright hubristic.

Prasar Bharati and Khadi Village and Industries Commission (KVIC), celebrated a momentous occasion on Saturday as they came together to strengthen the spirit of 'Khadi for Nation and Khadi for Fashion' at the Prasar Bharati Secretariat in New Delhi. The event was attended by Manoj Kumar, Chairman KVIC, Gaurav Dwivedi, Chief Executive Officer Prasar Bharati, Priya Kumar, Director General, Doordarshan News (DD News), among other distinguished guests, and saw the launch of a new Khadi wardrobe for the news anchors of the Hindi news channel DD News and the English news channel DD India. India's Public Service Broadcaster, Prasar Bharati and Khadi India signed a Memorandum of Understanding (MOU) in September 2023, under which the anchors of DD News and DD India will now actively contribute to carrying forward India's rich heritage and modernity by wearing clothes made of Khadi.

Maharashtra Deputy Chief Minister Devendra Fadnavis said on Saturday that the state is the engine of the country's economy and it has garnered more Foreign Direct Investment (FDI) than Gujarat, Karnataka or Uttar Pradesh. He was addressing a 'Viksit Bharat' (developed India) event at Pune's Bhandarkar Oriental Research Institute. Though late president Dr APJ Abdul Kalam envisaged the 'Viksit Bharat' concept, no work was done on it between 2000 and 2014, alleged Fadnavis. «The actual work started in 2014 and last year we made our mark in the world's top five economies. In the past many years, we witnessed corrupt practices and many scandals. Earlier, FDI inflow was low due to policy paralysis.

₹6,462 per bbl, having swung between ₹6,427 and ₹6,525 per bbl during the session, against a previous close of ₹6,459 per barrel. Also Read: Explained | Why did OPEC+ members extend oil output cuts to mid-2024 -China's imports of crude oil rose in the first two months of the year compared with the same period in 2023, but they were also weaker than the preceding months, data showed on Thursday, continuing a trend of softening purchases by the world's biggest buyer. -On the supply side, OPEC members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil output cuts of 2.2 million barrels per day into the second quarter, giving extra support to the market amid concerns over global growth and rising output levels.

In 2019, the Fed cut interest rates and restarted QE despite a healthy economy. Today, inflation is higher than the Fed’s target, economic growth is above historical trends, and financial markets display complacency and exuberance.

Samajwadi Party chief Akhilesh Yadav on Saturday termed the upcoming Lok Sabha elections as the one meant to save the Constitution and the democracy. «This is the election to save the Constitution and the democracy. This is the election to save reservation and save one's own honour. At one point of time, 'Samudra Manthan' (churning of the sea) had taken place. This is the time for 'Samvidhaan Manthan',» Yadav told reporters at his party office here. «On one hand, there are people who want to defend the Constitution, and on the other hand, there are people who want to end the Constitution,» he added. The Samajwadi Party (SP) chief said the people of Uttar Pradesh give a grand welcome and also bid a great farewell.