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For several months, I have pushed back against the market expectation that the US Federal Reserve’s cycle of interest-rate cuts would start as early as March. Last fortnight, I said that June was much more probable.

We knocked on the doors of Hell’s darker chamber/ Pushed to the limit, we dragged ourselves in—Decades, Joy Division A decade is a good time-frame to take stock of just how much we pushed the limits, how far inside the darker chambers we dragged ourselves to, and finally, how much changed as an outcome. As the Narendra Modi government completes a decade, it’s not a bad idea to take stock of economic policymaking from a bit of Joy Division lens. A dispassionate analysis of the last decade throws up this point: the government has managed to check almost every major box on the “reforms wish-list’ of India since 1991.

In case you missed the White House memo, the U.S. economy is fantastic. It’s never been better.

By Walter Bianchi

FRANKFURT (Reuters) — The European Central Bank said on Monday it would lower the bar for lending to central banks from outside the European Union in times of crisis.

economy has made. He emphasized the government’s role in the accelerated high-growth trajectory the country has taken, as it is awash with optimism, pride, and anticipation.

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budget Finance Minister Nirmala Sitharaman will present on February 1. From cutting down subsidies to slowing down capital expenditure to control fiscal deficit to targeting different voter groups with welfare measures, Amid all the expectations and demands from the budget and speculation and expert commentary about what all the budget might contain, what Sitharaman herself has been saying recently, not necessarily related to the budget, can yield good pointers to the direction of the upcoming budget.

Gautam Adani's sprawling conglomerate is core to India's ambitions to become the world's third-largest economy by 2030, as it plays a key role across the infrastructure sector, US-based Cantor Fitzgerald & Co said in a note. Adani Enterprises Ltd, the group's flagship company, can deliver a gain of more than 50 per cent, analysts Brett Knoblauch and Thomas Shinske wrote in a note dated January 28, initiating coverage of the company. «India is now the most populous country in the world and has ambitions to be the world's third-largest economy by 2030. To get there, India needs to invest in both digital and physical infrastructure, in addition to increasing its energy production, as energy consumption will be meaningfully higher,» the US-based broker said.

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Investing.com — European stock markets traded in a muted fashion Monday, at the start of an action-packed week full of event risk, including the Federal Reserve’s first meeting of the year.

Methodology note: For each indicator, an average band is constructed around the five-year average value. This band's size varies by volatility (it depends on the standard deviation). An indicator that lies within this range is said to be 'in line with five-year average' (code: amber). Values falling below this range are said to be in red, and those lying above this range are said to be in green. For inflation, the red/green coding is reversed. While calculating the five-year average, data for some indicators for April-May 2020 and April-May 2021 have been removed to eliminate lockdown-induced skews in the trend. However, the five-year averages may still show high figures due to sustained base effect in several indicators in 2021 and 2022. Monthly standings will get updated retrospectively as more data comes in.

By Joe Cash and Christoph Steitz

BANGKOK (Reuters) — Thailand's economy is in a state of recession owing to a high level of household debt, a deputy finance minister said on Monday, reiterating the need for stimulus to jumpstart the economy.

China plans to merge three of its largest state-owned bad debt asset managers with its China Investment Corp sovereign fund as part of a plan to reform institutions, the official Xinhua news agency cited unidentified sources as saying in a report on Sunday.

foreign investors in China are most worried by the country’s souring relations with the West. Others fret about the unprecedented slump in its property market. Many are simply tired of losing money.

Budget expectations: There can't be a more apt time for India's budget to show how to 'strike while the iron is hot' as its larger neighbour and fierce rival China's economy goes through testing times amid a property crisis. While China is suffering an economic plight largely with the failure of its biggest real estate developers that shows no sign of abatement in the downward spiral, India, which has emerged as the fastest growing major economy, is seeing adding many feathers even on the property sector ducking global woes. India is chasing ambitions to be the third largest economy by 2030 while it ramps up infrastructure and invests trillions.

Government of India (GoI) will present the Interim Budget 2024-25 on 1st Feb’24 (Thursday). Although the Budget presentation is only one part of managing public finances, it attracts significant attention. Based on provisional data available for 8MFY23 (Apr-Nov’23), our calculations suggest that gross taxes can exceed budget estimates (BEs) for the third consecutive year, by as much as INR1.3t in FY24. Due to higher non-tax revenue receipts, such as dividends, coupled with higher devolution to states and an expected shortfall in divestments, there is a projected over-achievement of INR1.1t in total receipts in FY24. According to the first supplementary demands presented on 6th Dec’23, the GoI has sought to authorize an additional cash outgo of INR584b in FY24, largely because of higher subsidies and defense services.

(Reuters) — A Hong Kong court ordered the liquidation of China Evergrande (HK:3333) Group on Monday.

In the second place was Pawan Munjal, CMD of Hero Moto Corp, with a compensation of ₹99.55 crore in FY23, up from ₹84.35 crore in the previous year, according to a study of the BSE 200 companies conducted for ET by leading search firm EMA Partners India.

Middle East triggered safe-haven buying, while traders awaited U.S. Federal Reserve's chair Jerome Powell's remarks at the end of its two-day policy meet this week for interest rate outlook.