ECB President Christine Lagarde had all but promised the quarter-percentage point increase.
Gaming federation writes missive to Finance Ministry
The Chinese-owned video sharing app said in a statement it will stop facilitating e-commerce sales in TikTok Shop Indonesia by 5 pm Wednesday.
Previous monthly GDP data has shown that Britain’s economy in April was slightly larger than in February 2020.
“We are closely monitoring the action on ground, which is concentrated in South Israel. Haifa port in northern part of Israelis operational. We have taken measures to ensure safety of our employees and all of them are safe. We remain fully alert and prepared with a business continuity plan that will enable us to respond effectively to any eventuality,” a spokesperson from the firm stated.
Moreover, foreign fund outflows from the domestic equity markets also weakened the local currency. The rupee has breached the 83-level against the dollar for the fifth time since August 14.
Despite a loss of growth momentum, the manufacturing sector still expanded strongly in the month. There were softer, albeit sharp, increases in factory orders and output, while business confidence towards the year-ahead outlook strengthened, S&P Global said.
While consumer price index (CPI) -based inflation for FY24 is expected to be at 5.4 per cent, for the first three quarters of 2024-25 it is projected at 4.6 per cent, according to the ‘State of the Economy’ article published in the RBI’s December bulletin.
In both lahsun and pyaaz, a real respite to consumers can come only after March, when their rabi crops are harvested. But there are worries even on that front, due to depleting groundwater tables, particularly in Maharashtra and Karnataka.
According to Reserve Bank of India (RBI) data, fund outflow under the RBI’s Liberalised Remittances Scheme (LRS) shot up to $3.89 billion (Rs 32,000 crore) in June as against $ 2.88 billion (Rs 23,900 crore) in May this year. LRS outflows in June 2022 were just $ 1.98 billion (Rs 16,430 crore).