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headline inflation expected to remain benign in the second half of the current fiscal, a report Monday said the Reserve Bank of India (RBI) is likely to keep repo rate, or the rate at which it lends to the banks, unchanged in the rest of the fiscal. The consumer price index (CPI)-based inflation fell to a one-year low of 3.31 per cent in October 2018, from 3.7 per cent in September 2018 and 3.58 per cent in October 2017. The retail inflation number is the lowest since September 2017 when it had touched 3.28 per cent. "Given the strong focus of the MPC (monetary policy committee) on the headline inflation print, which should remain benign for the rest of second half of FY19, we see limited scope for rate hikes in the rest of FY19," the Kotak Economic Research report said. It expects headline inflation to be in the range of 2.8-4.3 per cent. It can be noted that the apex bank had maintained a status quo in its October policy review after two consecutive rounds of rate hikes of 0.25 per … [Read more...] about RBI may keep repo rate unchanged in rest of FY19

The SIFF was shorn of the star-studded red carpet and awards ceremony, with nominees for its two major film awards announced but no winners selected. However, the nine-day event still screened 320 Chinese and foreign movies, bringing more than 147,500 viewers into the city's cinemas. … [Read more...] about Xinhua Headlines: China concludes international film festival amid market recovery

TOKYO: Japan's factory activity contracted at the slowest pace in five months in July, in a sign that pressures on manufacturers were easing somewhat and raising hopes that the worst impact from the coronavirus pandemic was over.Gross domestic product data out later this month is expected to show the world's third-largest economy had contracted by more than 20% on an annualised basis in the second quarter as the health crisis hit demand.The final au Jibun Bank Flash Manufacturing Purchasing Managers' Index (PMI) rose to a seasonally adjusted 45.2 in July from 40.1 in June and a preliminary reading of 42.6."The headline PMI recovered some of the ground lost in the second quarter," said Tim Moore, director at IHS Markit, which compiles the survey."Manufacturers... cited a boost from easing emergency measures at home, alongside signs of recovery across the automotive supply chain and the restart of economic activity in key export destinations."The survey showed manufacturers saw demand … [Read more...] about Slower decline of Japan’s July factory activity raises recovery hopes

Mr. Ramesh Kumar’s restoration as SEC is in compliance with the High Court judgement delivered on May 29, wherein it struck down the A.P. Panchayat Raj (Second Amendment) Ordinance (No. 5 of 2020), which resulted in the sudden termination of his services, and the GOs through which Madras High Court retired judge V. Kanagaraj was appointed in his place as the new SEC, as illegal. … [Read more...] about Ramesh Kumar reinstated as State Election Commissioner

Asim went to SOAS University of London in 2010 for his Master’s in Film Theory. His exposure to Iranian and Japanese cinema were a lesson in realism, influencing him to better his perception he developed on Pakistan cinema, after having grown up on a steady diet of mainstream Hindi movies during his formative years in Karachi. … [Read more...] about The alpha male trope only perpetuates toxic masculinity: Filmmaker Asim Abbasi on directing ‘Churails’