Britain inflation unexpectedly jumped above the Bank of England’s 2.0% target in May when it hit 2.1% and looks set to rise further as the country re-opens its economy after its Covid-19 lockdowns.
Economy
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RBI Cuts Economic Forecast For Current Fiscal To 9.5%
RBI (Reserve Bank of India) has cut its forecast of real GDP growth at 9.5 per cent in the current financial year (2021-2022). RBI Governor Shaktikanta Das said the economy is likely to grow at the rate of 18.5 per cent in the first quarter, 7.9 per cent in the second quarter, 7.2 per cent in the third quarter and 6.6 per cent in the fourth quarter.
Economy Of Hong Kong Is Not Out Of The Woods
Economy of Hong Kong has rebounded sharply after being hit by the Covid-19 pandemic — but it’s not out of the woods yet and some sectors are still reeling, said the city’s top trade official.
Chinese GDP Growth Target Of Over 6% Is Easy to reach
Chinese GDP Growth: China’s target of more than 6% growth for this year is not very meaningful because it can be easily reached — but that’s not necessarily a bad thing, according to expert analysts.
As RBI Aims To Hike CRR, Loan Interest Rate And Fixed Deposit May Go Up From April
Finally there is some good news for savers as interest rate on fixed deposit (FD) may go up starting from April 2021 as the Reserve Bank of India plans to restore the Cash Reserve Ratio (CRR) of banks to the earlier level of 4%.
IMF says world economic recovery may be fading, risks still very high
The International Monetary Fund (IMF) warned the recovery of world economy may be fading as the resurgence of the Covid-19 forces fresh restrictions to be imposed on households and companies.
If Tata Sons Private Limited is worth $132 billion, then some Tata firms don’t reflect it
Among the many questions raised in the tussle between the Tata group and Shapoorji Pallonji (SP) group is how Tata Sons Private Ltd is worth. The SP Group’s version is that it is sum of the value of the holding company’s stake in various listed companies, and then some more to account for some unlisted companies and the Tata brand value.