Specialized search for economics

17+ min ago (478+ words) IndiGo airline cancellations have created widespread travel chaos across India. Passengers are experiencing significant disruption and uncertainty. The situation highlights the challenges of a near-monopoly in the aviation sector. Many travelers are struggling to reach their destinations, facing delays and uncertainty. The article uses a cinematic analogy to describe the passenger experience....

50+ min ago (501+ words) Mortgage holders aren't expected to get an early Christmas present from the Reserve Bank, with a cut to interest rates all but off the table. The central bank will begin two days of talks on Monday in its final board meeting of the year, after which the official cash rate is expected to remain at 3.6 per cent. Tuesday's rate decision comes after the Reserve Bank started 2025 with a rate cut, followed by a further two easings that brought welcome cost-of-living relief for borrowers during the year. But an uptick in the consumer price index has poured cold water on any chances of another interest rate reduction. "A hot inflation reading in October has sealed the case that the RBA's current policy easing is now over after three rate cuts," CommSec chief economist Ryan Felsman said. The latest data showed annual…...

57+ min ago (265+ words) It is not often that a central bank cuts key rates at a time an economy is growing fast. But that is exactly what the Reserve Bank of India (RBI) has done. On December 5, the RBI reduced the repo rate'or the rate at which the central bank lends to commercial banks'by 25 basis points. While a rate cut was predicted by many analysts weeks ago, the announcement of a robust 8.2 per cent Gross Domestic Product (GDP) growth for the second quarter of FY26 made at least some of them wonder if the RBI would carry out yet another cut in rates so soon. They were in for a surprise. The Monetary Policy Committee (MPC) of the central bank also revised its inflation outlook downwards, giving it space to cut policy rates. RBI governor Sanjay Malhotra said the decision to lower the rates…...

1+ hour, 37+ min ago (227+ words) Though average inflation will rise in FY27, the upside will be limited by stable global crude prices, positive impact from GST rate cuts and muted price pressures from excess capacity in China, a report said. "We maintain our full-year growth forecast at 7.5 per cent for FY26. Growth momentum in the year so far has been buoyed by income tax reductions, GST rate rationalisation and lower interest rates," said the report from ratings agency Care Edge Ratings. Even with global uncertainties lingering, we expect GDP growth at 7 per cent in FY27, it said, adding the Reserve Bank of India's unanimous 25 basis point repo rate cut to 5.25 per cent leverages benign inflation to stimulate growth. "Amid sustained easing in inflation and a favourable food price outlook, the RBI has revised its full-year inflation forecast for FY26 to 2 per cent from the earlier forecast of 2.6 per cent....

2+ hour, 7+ min ago (590+ words) The West Australian is a leading news source in Perth and WA. Breaking local and world news from sport and business to lifestyle and current affairs....

2+ hour, 24+ min ago (501+ words) Power bill rebates were always "an interim measure, Anthony Albanese has said as his government weighs up extending or scrapping the federal help. Sparing households and small businesses from the worst of climbing power prices, the blanket energy rebate is one of Labor's most popular policies. It is also a heavy burden on Commonwealth coffers at a time when shrinking iron ore and coal exports are forcing Canberra to scramble in search of new revenue streams. The Prime Minister and his cabinet will next week decide whether to extend the energy rebate ahead of the Mid-Year Economic and Fiscal Outlook (MYEFO) due this month. Mr Albanese on Sunday kept tight-lipped on the decision but did stress that the rebates were temporary. "What we've said is this wouldn't be in place forever, he told the ABC. "This was an interim measure....

2+ hour, 40+ min ago (628+ words) The Wider Economic Impact: Beyond Fuel and Daily Goods When Everything Becomes "Good News" Today, citizens are made to feel "normal" about "100 petrol, 500 AQI pollution, and shrinking savings. In such an environment, rupee depreciation is trivialized like a non-issue. But behind this normalization lies the exposure of three major economic lies, have a look: Lie No. 1: "India Is the Fastest-Growing Economy at 8.2%" The current growth is being driven mainly by banking, technology, and other high-skill service sectors. Meanwhile, agriculture and rural wages remain stuck at around 3.5 percent. Over 50 percent of India"s workforce contributes just 16 percent of the GDP. This is not inclusive growth'it is elite growth. Lie No. 2: "A Weaker Rupee Boosts Exports" Lie No. 3: "Rupee Is Falling Only Against the Dollar" Foreign Investors Are Leaving India If Depreciation Is So Good, Why Was "Make in India" Needed? If…...

2+ hour, 51+ min ago (616+ words) The Chairman and CEO of JPMorgan Chase, the United States" largest bank, warns that the ongoing economic frailty of Europe could jeopardize US economic stability. Jamie Dimon stated that a "weak" Europe is not just a European problem, but one with serious implications for global growth, trade flows, and ultimately, the US economy. "If Europe goes down, we all go down," Dimon warned, underlining that sluggish growth, burdensome regulation, and sluggish productivity on the continent represent a systemic risk for transatlantic and global prosperity. He made these remarks during the Reagan National Defence Forum, which was held on Saturday, December 6. At this time, Dimon insisted that "Europe has a real problem." To elaborate on his claim, the CEO began by acknowledging that the continent has implemented some considerable safety measures. However, he voiced concerns about Europe"s approach, which pushes…...

3+ hour, 7+ min ago (291+ words) Started in 2012, Giving Tuesday, which takes place on the Tuesday after Thanksgiving, is a day which aims to encourage people to do good. Described as "a global generosity movement unleashing the power of radical generosity", the goal of Giving Tuesday is to encourage people to donate time or money or to use their voice for a good cause. While generosity may seem like a complicated concept to quantify, for over a decade now, the Charities Aid Foundation has been providing an overview of generosity around the world with its'World Giving Index. This international study examines populations in more than 100 countries according to three main aspects of generosity: charitable donations, volunteering and willingness to help strangers. As in previous years, Statista's Valentine Fourreau notes that the most generous country is not one of the richest in the world. In 2024 Indonesia again…...

3+ hour, 30+ min ago (155+ words) [Economy] : Food prices have risen more than 27 percent over the past five years. According to data from the Ministry of Data and Statistics on Sunday, the food price index stood at 127-point-one in November, up 27-point-one percent from 2020. In contrast, the overall consumer price index climbed 17-point-two ...[more...] Food Prices Jump 27% in 5 Years [4K] RIIZE, ILLIT, VVUP, XODIAC, VERIVERY, fromis_9, tripleS msnz moon, CHUEI LI YU, LILY | On the way to music bank 251205 Korea Changing Faster Than You Think: The Multicultural Wave The Initial Memories (" "), Now You See Me: Now You Don't (" " " "3) Food Prices Jump 27% in 5 Years [4K] RIIZE, ILLIT, VVUP, XODIAC, VERIVERY, fromis_9, tripleS msnz moon, CHUEI LI YU, LILY | On the way to music bank 251205 Korea Changing Faster Than You Think: The Multicultural Wave The Initial Memories (" "), Now You See Me: Now You Don't (" " " "3)...