Dissent claims roil ECI as Opposition demands CEC Gyanesh Kumar’s arrest

The IMF’s chief economist, Pierre-Olivier Gourinchas, has endorsed Federal Reserve Chair Kevin Warsh’s move to reduce explicit forward guidance on monetary policy. Gourinchas stated that overly rigid guidance proved costly when inflation surged, as it tied the Fed’s hands. While acknowledging the need for some long-term market guidance, he believes explicit, strong commitments are no…

Speaking at the Brics Business Forum in New Delhi, the Russian president criticised economic coercion, trade restrictions and the threat of secondary sanctions

IMD forecasts light to moderate rain in Delhi through August 20; widespread rainfall likely across northwest India as depression over Jharkhand weakens