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A fact sheet for the Household Consumption Expenditure Survey (HCES) 2022-23 has been released by India’s statistics ministry. The full report with unit-level data is awaited. It covered roughly 100,000 urban and 150,000 rural households, implying that our urban population is two-fifths of the total.

Bank of Montreal is slowly whittling down a pile of ultra-long mortgages that it granted to Canadian customers to help them handle the rapid rise in interest rates.

₹48,000 to a gullible online shopper! What makes it even more shocking is that she intended to buy just a few dozen eggs on massive discount i.e. for a mere ₹49. She tried to make the payment through her credit card but she instead ended up with a bill of ₹48,000 on her card.

US Federal Reserve, which provides guidance on liquidity conditions, Ashima Goyal, a member of the Monetary Policy Committee said to Bhaskar Dutta in an interview. Edited excerpts: Is there a need for liquidity management to also be brought under the purview of the MPC? As the experience of the past six months shows us, liquidity conditions have been the driver of funding costs rather than the benchmark policy rate that the MPC votes on.

₹ 50 lakh insurance to settle his mountain of debt, India Today reported. The Fatehpur police said the accused, Himanshu, was addicted to online gaming on an app called Zupee and accumulated a debt of a significant amount due to repeated losses. Himanshu allegedly stole his family's jewellery and used the money to buy life insurance policies worth ₹50 lakh each for his parents.

MBBS seats have put medical education in India in the spotlight for the wrong reasons again. According to a ToI report on February 24, Delhi police is probing some officials of the National Medical Commission (NMC) and medical colleges in connection with the case. As of now, two NMC officials and four colleges are under the scanner. In the alleged scam, the colleges in question were allowed to raise the number of seats in MBBS, MD and other courses illegally.

External Affairs Minister S Jaishankar, while speaking on his book «Why Bharat Matters», said that whether you're an Indian national or someone living abroad, it is important to understand 'Why Bharat Matters', because it will be bigger in the coming decade and in the century. While speaking at the Raisina Dialogue 2024, Jaishankar said on Friday, «I wrote the book because I was really convinced it was important to present an argument today why, whether you are a national of this country or whether you are someone living abroad, it's important to understand, why Bharat matters, that we will be bigger in everybody's lives in the coming decade and the coming century.» He further explained that the book is about the state of the world, globalization, technology and digital.

S Jaishankar, unveiled a compelling message: understanding India's trajectory is crucial, not just for Indians, but for the global community. His book, "Why Bharat Matters," serves as a powerful call to action, urging readers to recognize India's ascent as a major player on the world stage. While speaking at the Raisina Dialogue 2024, Jaishankar said on February 23 “whether you're an Indian national or someone living abroad, it's important to understand why Bharat matters, because it will be bigger in everybody's lives in the coming decade and the coming century," as quoted by ANI.

(Reuters) — U.S. Federal Reserve policymakers should delay interest rate cuts by at least another couple more months to see if a recent uptick in inflation signals stalling progress toward price stability or is just a bump in the road, Fed Governor Christopher Waller said on Thursday.

interest rates have created the scope for reduction in policy interest rates, said external members of the Monetary Policy Committee, but those from the Reserve Bank of India (RBI) believe that the markets are running ahead of policy makers. Prof. J.R. Varma, who voted for a reduction in the repo rate by a quarter point and a shift in monetary stance to neutral from withdrawal of accommodation, said the economy is not overheating and the MPC needs to send a signal it is living up to its dual mandate on inflation and growth. “Inflation is projected to average 4.5% in 2024-25, and, therefore, the current policy rate of 6.5% translates into a real rate of 2%,’’ Varma wrote in the minutes of the meeting of the last policy review. “The time has come for the MPC to send a clear signal that it takes its dual mandate of inflation and growth seriously, and that it would not maintain a real interest rate that is significantly more than what is needed to achieve its target.’’ But the members from the central bank led by the governor are a lot more cautious given that behaviour of inflation in the past have caught policy makers on the wrong foot.

The German government says Europe’s largest economy is in “troubled waters.”

Delhi Chalo’ march and protests, now in their eighth day. “After the fourth round, the government is ready to discuss all the issues including MSP demand, crop diversification, stubble issue, and FIR in the fifth round. I again invite farmer leaders for talks.

Delhi Chalo march on Wednesday. After four rounds of negotiations with the union government failed to yield results, the Shambhu border crossing between Punjab and Haryana looks set for a faceoff between protestors and police forces today morning. The first rounds of tear gas shells were fired by police forces around noon.

A study has found more than 57% of Argentina's people are considered poor, the worst poverty level in 20 years

NEW DELHI : Delhi Police on Tuesday directed security personnel deployed at the city’s Tikri, Singhu and Ghazipur border points to stay alert after farmers threatened to resume their protest on Wednesday and march towards the capital. Farmers late on Monday rejected the government’s proposal to buy pulses, maize and cotton crops at guaranteed prices for five years, and announced they would continue with their ‘Delhi chalo’ agitation.

Reserve Bank of India believes that global interest rates may have peaked while achieving the inflational target looks like a prolonged journey. In India repeated food shocks are preventing the positive impact of falling core inflation from manifesting itself in lower Consumer Price Index, the central bank said in its state of the economy report. «While the tightening cycle appears to have run itself out, the path forward remains bounded by the final downslide of inflation to targets which is proving daunting due to the materialisation of tail events,» researchers with RBI's economic wing said. In India, CPI inflation was projected at 4.5% for the financial year 2024-25, a good 90 basis points lower than the estimated average for 2023-24.

Andreas Brehme, who scored from the penalty spot to seal victory for West Germany against Argentina in the 1990 World Cup final, died overnight into Tuesday at the age of 63, his former club Bayern Munich said. «FC Bayern is deeply shocked by the sudden death of Andreas Brehme,» the club said in a statement. «We will always keep Andreas Brehme in our hearts. As a world champion and as a very special person.»

Rituraj Singh, known for his versatile performances across various TV shows and films, tragically passed away at the age of 59 following a cardiac arrest. Singh, a veteran of the industry with a career spanning over three decades, had recently been hospitalised due to complications related to pancreatic illness. The news of his demise has left the entertainment fraternity reeling in shock, with an outpouring of condolences flooding social media platforms. Colleagues and friends, including prominent figures like Varun Dhawan, Arshad Warsi, and Rupali Ganguly, took to their respective social media accounts to express their grief and pay tribute to the late actor.

Nigerians are facing one of the West African nation’s worst economic crises in years

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Suhani Bhatnagar, who garnered attention with her role in the 2016 blockbuster "Dangal," passed away at the age of 19. The cause of her untimely demise remains undisclosed, leaving fans and industry members in shock and disbelief. The talented actor breathed her last at AIIMS, as confirmed by a close relative.