MUMBAI The process to set up India's monetary policy committee is ongoing and it is not clear if it will get to set interest rates at the central bank's next policy review on Aug. 9, Reserve Bank of India (RBI) Governor Raghuram Rajan said according to TV channels.
BENGALURU Gold fell on Thursday after rising as much as 1 percent during the previous session, with safe-haven demand easing as the shock of Britain's decision to leave the European Union began to fade.
BEIJING China's economy rebounded in the second quarter, with capital expenditures recovering from 5-year lows, a private survey showed on Thursday, as higher government spending helped boost the property and construction sectors.
NEW DELHI India on Wednesday approved an increase of at least 14.29 percent in salaries and pensions for about 10 million government employees and pensioners, a move that is expected to boost consumer demand and underpin economic growth.
TOKYO Asia stocks rose on Thursday, tracking an overnight rally on Wall Street, while the safe-haven Japanese yen was held in check as global markets regained a semblance of calm after the Brexit shock.
Rahul Gandhi's New Innings
Scalded by spontaneous anti-rape and corruption protests near the seat of government in Delhi, India's ageing leaders are scrambling to win over an angry and influential young urban population ahead of elections due to be held by early next year. Full Article
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