-Business Standard Currency depreciation in developing countries could deepen food and energy inflation: Commodity Markets Outlook report Global energy prices will ease in the next couple of years but "remain considerably" higher than the historic average, said a report on Wednesday. In many economies, prices in domestic-Currency terms remain elevated because of depreciation and this could deepen food and energy crises. "As the global growth slowdown intensifies, commodity prices are expected to ease in...
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Various estimates point towards one conclusion – the number of poor Indians swelled in 2020
The newly released World Bank report has estimated that the number of extremely poor people globally went up by nearly 71 million in the year 2020 as compared to 2019 — a 11 percent increase. Between 2019 and 2020, the number of poor swelled by around 56 million in India. It means that about 79 percent of the total people globally who slipped into poverty during the first year of...
More »SC sets Oct hearing for DeMo pleas
-PTI/ The Telegraph As the hearing commenced, a constitution bench headed by Justice S.A. Nazeer wondered if the matter survives consideration at this stage The Supreme Court said on Wednesday it will examine if the challenge to the Centre’s 2016 demonetisation decision has become a mere “academic exercise”, and posted it for consideration on October 12. As the hearing commenced, a constitution bench headed by Justice S.A. Nazeer wondered if the matter survives...
More »Demonetization under Supreme Court scanner -R Balaji
-The Telegraph Over two dozen petitions have challenged the legal and constitutional validity of DeMo A five-judge constitution bench headed by Justice Abdul Nazeer will on Wednesday start hearing a batch of petitions challenging the Narendra Modi government’s demonetisation of high-value Currency notes in November 2016. Over two dozen petitions have challenged the legal and constitutional validity of the demonetisation and the short window offered to citizens to exchange the demonetised notes. A three-judge...
More »Why this is going to be a tough year for economic policymaking -Montek Singh Ahluwalia
-Livemint.com The RBI will face the difficult choice of either intervening strongly to ‘manage volatility’ at the risk of losing reserves or letting the Currency ‘find its own level’. India’s ministry of finance struck an upbeat note in its August economic review when it asserted growth is “robust" and inflation is “under control". It then quite rightly balanced the optimism with the qualification “there is no room for complacency". Truth be told,...
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