by AIP Online Bureau | Oct 17, 2022 | Eco/Invest/Demography, Indian News, Life, Non-Life
With inflation remaining above the 6 per cent level, RBI, now, will have to give a report to the central government giving reasons for failure to contain inflation at 4 per cent with a bias of 2 per cent on either side Mumbai: The fight against inflation will be...
by AIP Online Bureau | Sep 25, 2022 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy
Inflation will remain elevated this year and the next, ADB said in an update to its flagship Asian Development Outlook (ADO) 2022 report ”This Update forecasts the inflation rate averaging 6.7 percent in FY2022 (fiscal ending in March 2023) before moderating to...
by AIP Online Bureau | Sep 21, 2022 | Eco/Invest/Demography, International News, Policy
Officials expect the benchmark rate to rise to 4.4% by year end and 4.6% during 2023, according to the median estimate in updated quarterly projections published alongside the statement. That indicates a fourth-straight 75 basis-point hike could be on the table for...
by AIP Online Bureau | Sep 15, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
A consequent rise in interest rates to combat inflation contributed to a loss of £1.8 billion in the first six months of the year at Lloyd’s, Neal said. The decline in profit was attributed to a net investment loss of £3.1 billion from unrealized mark-to-market...
by AIP Online Bureau | Sep 2, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management
His remarks came after data on Wednesday showed India’s gross domestic product grew less than RBI’s estimate of a 16.2% expansion, and signs that domestic demand will further moderate as borrowing costs rise are emerging Mumbai: India’s central bank will seek to...
