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In the news — Suman Bery: Academic & team player, newly-appointed Niti Aayog vice chairman has his task cut out

By KG Narendranath Two working papers for the World Bank and the IMF have recently put out divergent estimates of the state of ‘extreme poverty’ in India, on the shared definition of people living on $1.9 or less in purchasing power parity terms. One would have expected the Niti Aayog, the apex public-policy think tank …

RBI will have to raise rates, not anti-national to do so: Former RBI governor Raghuram Rajan

Taking a dig at his critics in a social media post, former RBI governor Raghuram Rajan said that bureaucrats and politicians need to realise that raising policy rates does not amount to anti-national activity that benefits foreign investors. As inflation is on the rise, Rajan is of the view that India’s central bank would have …

Exports of ceramics and glassware products touch USD 3.5 bn in FY22

Exports of ceramics and glassware products touched a “record” USD 3.5 billion in 2021-22, the commerce ministry said on Sunday.It said the exports rose because of increase in shipments of ceramic tiles and sanitaryware products. India is the world’s second largest manufacturer of tiles. The main items for export under glassware include articles of glass …

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Rules block India’s efforts: WTO to help untie wheat export knot

World Trade Organization (WTO) director general Ngozi Okonjo-Iweala is looking ‘positively’ at resolving the issue that is hampering India’s bid to ship out wheat from state granaries to other countries that are facing a shortage caused by the Russia-Ukraine conflict, finance minister Nirmala Sitharaman has said in Washington. The WTO rules make it difficult for …

Curbing inflation becomes RBI’s immediate concern: Minutes of the April RBI MPC meeting released

Concerns about surging inflation amid the hostilities between Russia and Ukraine formed the predominant thread at the monetary policy committee’s (MPC) April meeting, showed the minutes released on Friday. Members of the RBI’s rate-setting panel did acknowledge the geopolitical risks to growth, but chose to prioritise inflation as the more proximate concern. The MPC turned …

Finance Minister Nirmala Sitharaman calls for joint efforts to protect economies from shocks

Global growth momentum has been obstructed by prolonged inflation, supply-chain disruption, volatility in energy markets and investor uncertainty, finance minister Nirmala Sitharaman has said, as she called on the G-20 nations to take the lead in shaping international policy co-ordination to deal with the “macroeconomic consequences”. Participating in the meeting of G20 finance ministers and …

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