The paper from the Brookings Institution by Johns Hopkins macroeconomist Larry Ball with co-authors Daniel Leigh and Prachi Mishra of the International Monetary Fund (IMF) found that "this unemployment path returns inflation to near the Fed's target only under optimistic assumptions".
All the other 13 Indo-Pacific Economic Framework for prosperity countries have joined the four pillars -- trade, supply chains, clean economy, and fair economy.
iPhone users: According to the report, the discussions with Wistron are aimed at making Tata a force in technology manufacturing and the Group wants to tap the Taiwanese company's expertise in product development, supply chain, and assembly.
Addressing the 41st meeting of the Transport Development Council (TDC) at Bengaluru on Friday, he opined that the Centre and the states will have to work together over the next five years to transform the transport sector if the country wants to achieve a $5 trillion economy.
At a press briefing, Vaishnaw said forged wheels needed for high-speed trains and for LHB coaches will now be produced in the 'Make in India' plant and there will be an assured procurement of 80,000 wheels for Rs 600 crore per year.
Mine sector output: Observing that the states are the ones that would implement on the ground whatever policies and laws are made at the Centre, Coal minister Pralhad Joshi said the conclave has been organised in line with the central government's philosophy of 'Sabka Saath, Sabka Vishwaas'.
The dollar index, which measures the greenback's strength against a basket of six currencies, fell 0.98 percent to 108.63.
The 30-share BSE Sensex climbed 104.92 points or 0.18 per cent to settle at 59,793.14. During the day, it jumped 431.58 points or 0.72 per cent to 60,119.80. On similar lines, the broader NSE Nifty ended higher by 34.60 points or 0.19 per cent to 17,833.35.
From the Sensex pack of firms, IndusInd Bank, State Bank of India, Tata Steel, Hindustan Unilever, NTPC, Infosys, Dr. Reddy's, Sun Pharma, and ICICI Bank emerged as the biggest gainers.
At the interbank foreign exchange, the domestic unit opened at 79.66 against the dollar, then touched 79.61 in initial deals.
ECB followed the US Federal Reserve and other central banks in a global stampede of rapid rate hikes meant to snuff out record inflation that is squeezing consumers and pushing Europe toward recession.
The budget for the next year will be addressing critical issues of high inflation, job creation, boosting demand, and putting the economy on a sustained 8 percent-plus growth path.
SBI branch in Haliyal wrongly identified the Kannada numeral nine as six and, therefore, dishonoured the cheque. The numeral nine indicated the month of September, but the bank read it as June.
Inflation management cannot be singularly left to the monetary policy, which has proved totally ineffective in many countries, Sitharaman said.
FADA said the three-wheeler (3W) segment witnessed the highest growth rate last month posting 83.14 per cent increase at 56,313 units, up from 30,748 units in the same month a year ago.
30-share Sensex pack of firms was trading in the green in early trade, with Asian Paints, UltraTech Cement, Bharti Airtel, ICICI Bank, Tech Mahindra, Infosys, Mahindra & Mahindra, and Bajaj Finance emerging as the biggest gainers.
At the interbank foreign exchange, the domestic unit opened at 79.72 against the dollar, then touched 79.68 in initial deals, registering a gain of 27 paise over its previous close.
Under the agreement, TCS will redesign Nokia's human capital management processes and deploy a new cloud-based platform to drive simplification for a better employee experience.
Sithraman on inflation: Retail inflation touched a high of 7.79 per cent in April this year since then it is on a downward trajectory. According to official data, retail inflation softened to 6.71 per cent in July due to moderation in food prices but remained above the Reserve Bank's comfort level.
Rupee vs Dollar: At the interbank foreign exchange market, the domestic currency opened at 79.93 per dollar. It hovered in a range of 79.84 to 79.94 during the session. The domestic unit finally settled at 79.89, down 7 paise over its previous close of 79.82.
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