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Subscribe to enjoy similar stories. Mumbai: Two newly appointed Monetary Policy Committee (MPC) members have rekindled the discussion started by the Economic Survey on excluding food inflation from the monetary policy framework. Of the three external members of the rate-setting panel of the Reserve Bank of India, Nagesh Kumar and Ram Singh have argued in the MPC minutes released last week that a high repo rate cannot bring down food prices.

The United States Federal Reserve doesn’t allow for appropriate public input when designing bank stress tests, bank trade groups said in a lawsuit seeking to force the central bank to open the design of the tests to public comment.

Savings have long been the backbone of financial stability in Indian households. Deeply ingrained in the nation’s ethos, the act of saving has traditionally ensured resources for future uncertainties, children’s education, and retirement. Recent trends, however, tell a troubling story. The household savings rate has seen a sharp decline, prompting questions about its causes, broader implications, and what steps can reverse this worrying trajectory.

Of these, three have been discharged from the hospital, while the Indian Mission is closely monitoring the condition of the remaining victims, sources said. The attack, which sent shockwaves across the globe, involved a car deliberately ramming into a crowd of people at the bustling Christmas market. At least five people were killed in the incident, including an adult and a toddler, according to Saxony-Anhalt Prime Minister Reiner Haseloff, as per reports by CNN.

In an official press release, the MEA expressed deep sorrow over the tragedy, stating, «We condemn the horrific and senseless attack at a Christmas market in Magdeburg, Germany. Several precious lives have been lost, and many have been injured. Our thoughts and prayers are with the victims.» The statement confirmed that the Indian Mission in Germany is in contact with the injured Indian nationals and their families, providing all possible assistance. «Our Mission is in contact with Indians who are injured, as well as their families, and rendering all possible assistance,» the statement read.

Prince Harry and Meghan Markle, the Duke and Duchess of Sussex, got married in 2018 and ever since the couple has been capturing global attention. In the recent days, Harry and Meghan have been battling divorce rumours and have been making individual appearances at events. Speculations are rife about a trouble in their marriage. The Duke and Duchess of Sussex have been surrounded by claims they're going their separate ways following a number of solo appearances. Harry recently traveled alone to the DealBook Summit in New York, while Meghan dazzled on the red carpet at The Paley Center for Media Gala. ALSO READ: Amid Prince Harry-Meghan Markle divorce buzz, Duchess of Sussex's shocking allegation against King Charles, Queen Camilla

Jennifer Lopez were among the most prominent Hollywood couples in the late 90s. The couple hogged the limelight with their glamorous appearances, high-profile romance, emotional ups and downs, controversies and ultimately legal issues. Ever since the controversial rapper has been arrested in alleged sex racketeering and trafficking case, Jennifer Lopez has remained largely tight-lipped about the ongoing controversiessurrounding her ex-boyfriend. She has noticeably distanced herself from allegations surrounding Sean 'Diddy' Combs as tabloids continue churning out a flurry of reports about her divorce. Her personal life has been under scrutiny due to reports about her split from Ben Affleck. While the breakup appears to have been a deeply emotional experience, it has reportedly provided her a temporary escape from the storm of allegations linked to Diddy.

Christmas market in the eastern German city of Magdeburg on Friday, killing at least two people and injuring at least 60 others in what authorities called a deliberate attack.The driver was arrested at the scene shortly after the car barreled into the market at around 7 p.m., when it was teeming with holiday shoppers looking forward to the weekend.Verified bystander footage distributed by the German news agency dpa showed the suspect’s arrest on a walkway in the middle of the road. A nearby police officer pointing a handgun at the man shouted at him as he lay prone.

Luigi Mangione shot to the headlines after becoming the prime suspect in the killing of UnitedHealthcare CEO Brian Thompson, for which a manhunt went on for days on end until Thompson was captured. NYPD officials had a few field days trying to nab a suspect in this shocking incident, and tried to use every resource at their disposal, and even federal authorities tried to assist them in the case.

inflation, especially in food items, dominated the discussions of the early December monetary policy review where two members voted for a rate cut, showed the minutes of the deliberations published Friday. The rate-setting panel, chaired by the then central bank governor Shaktikanta Das, kept policy rates unchanged amid demand for a reduction from two external members. Ram Singh and Nagesh Kumar — the two dissenting voices — cited the slowest growth in seven quarters in the three months to September, a 60 basis-point reduction in the FY growth projections, and low core inflation as factors having influenced their vote in favour of a quarter percentage point rate cut, showed the minutes.

Former That ’70s Show actor Danny Masterson, through his lawyers, has appealed his 2023 rape convictions.

Subscribe to enjoy similar stories. Every Friday, Plain Facts publishes a compilation of data-based insights, with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. India's trade deficit widened to a record high in November, while loss-making general insurers are set to get a capital boost in the upcoming Union budget.

Canada’s new finance minister said the government needs to preserve its fiscal ability to support households and businesses if Donald Trump’s tariff threats materialize into an economic shock.

Subscribe to enjoy similar stories. Investors shuddered on Wednesday after Chair Jerome Powell suggested the Federal Reserve was ready to take a break from cutting rates—and that the total quantity of reductions might be shallower than previously thought. Powell has described recent rate reductions as an effort to recalibrate borrowing costs to a more “neutral" setting.

Ravichandran Ashwin retired from international cricket on Wednesday, leaving big boots to fill in the Indian Test team. If Ashwin's father, Ravichandran, is to be believed, the cricketer's retirement had more to do than him having finished with cricket. In interview with CNN News18, Ravichandran has alleged that his son was constantly being humiliated which may have contributed to him announcing his retirement midway through India’s ongoing tour of Australia. Even Ashwin's father was caught by surprise with the spinner's decision.

Subscribe to enjoy similar stories. Could Japanese carmakers rally together to push the pedal on electric vehicles (EVs), a fast-emerging market in which they lag their overseas rivals? Honda and Nissan are reported to be exploring a merger.

Full-size trucks are hugely popular thanks to their versatility and ability to get tough jobs done

President-elect Donald Trump is accusing the Des Moines Register newspaper and its pollster of “brazen election interference” for publishing a poll the weekend before the election that showed Democrat Kamala Harris was leading by three percentage point...

Canada’s top banking regulator held the domestic stability buffer (DSB) at 3.5 per cent on Tuesday after a review of the “rainy day” funds the country’s largest banks must keep aside to absorb unexpected financial shocks.