New Delhi, April 29 (IANS) If the US-Iran conflict remains unresolved for a long duration, it can make the task of central banks arduous in their endeavour to rein in inflation expectations while minimising growth sacrifice, a new SBI Research report said on Wednesday.In uncertain times, a good central bank should be cautious about false precision, forceful against high-cost tail risks, systematic enough to preserve credibility, flexible enough to adapt, and transparent enough that uncertainty a…
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New Delhi, April 21 (IANS) The Reserve Bank of India (RBI) is closely monitoring the fallout from the West Asia conflict and will not make firm commitments on the future path of interest rates, Governor Sanjay Malhotra has said, adding that prolonged supply disruptions risk embedding inflation into India’s broader price level.In his speech at Princeton University in the US, Malhotra said the ongoing conflict poses a direct threat to the Indian economy given the region’s outsized role in the coun…
Washington, Feb 28 (IANS) Indian diplomats and senior US leaders held a series of meetings this week across the United States, focusing on trade, energy, and strategic cooperation.In Bismarck, the Consul General of India in Seattle, Prakash Gupta, met North Dakota Governor Kelly Armstrong and First Lady Kjersti Armstrong over an Indian meal.“Great to host Hon’ble Kelly Armstrong, Governor of North Dakota, along with the First Lady Kjersti Armstrong, over an Indian meal in Bismarck today!” In…
Washington, Feb 10 (IANS) The connections between late sex offender and US financier Jeffrey Epstein and the scientific community were “deeper than previously known” and “unheard of” in extent, according to a recent report by the journal Nature.Citing newly released documents from the US Department of Justice, the Nature report revealed that Epstein invested millions of US dollars in science projects and “maintained a list of nearly 30 top scientists”. The documents show researchers consulted th…