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India August consumer inflation likely hit 20-month high on food, fuel prices: Reuters poll

BENGALURU, Sept 9 (Reuters) – India’s consumer inflation likely rose to a 20-month high in August, driven by higher food ​and fuel prices, marking a third straight month above the Reserve Bank of ‌India’s 4% medium-term target, a Reuters poll of economists showed. Annual consumer price inflation, based on the consumer price index (CPI), was forecast to rise to 4.80% in August from 4.45% in July, according to the September 3 to ​9 Reuters poll of 44 economists. Forecasts for the data, due on September 14, ranged ​from 4.40% to 5.05%. With inflation remaining within the RBI’s 2%-6% target band,

Singapore Airlines to seek tougher terms for any fresh Air India funding, sources say

HONG KONG, Sept 9 (Reuters) – Singapore Airlines, backed by state investor ​Temasek, is expected to seek greater influence over management and stronger governance rights before approving a capital injection into Air India, ‌said two people familiar with the matter. The proposed conditions, which would be negotiated with Air India’s majority owner Tata Sons, could include greater board voting power and requirements for the Indian carrier to narrow its losses, the people said. Temasek, Singapore Airlines’ majority shareholder, would neither provide the capital itself nor intervene in the carrier’s decisions concerning Air India, they added. The discussion ​of conditions comes

B’desh foreign minister silent on PM Rahman’s India BRICS summit visit

United Nations, Sep 9 (PTI) Bangladesh Foreign Minister Khalilur Rahman on Tuesday declined to comment on whether Prime Minister Tarique Rahman will attend the BRICS Summit in India, despite New Delhi inviting him to an outreach session of the grouping. India will host the annual BRICS summit in New Delhi on September 12 and 13, with discussions expected to focus on pressing global challenges, including the economic impact of the West Asia crisis. “I’m not here (in a) national capacity, so please forgive me… I will really ask all of you to ask me questions or approach me in my

Mann must ask Cheema to resign, order impartial probe: Rahul on Punjab villager ‘suicide’

New Delhi, Sep 9 (PTI) Congress leader Rahul Gandhi on Wednesday lashed out at the AAP government in Punjab over the alleged suicide of a villager who questioned Finance Minister Harpal Cheema about the unabated supply of drugs, demanding that Chief Minister Bhagwant Mann should immediately demand the minister’s resignation and ensure an impartial investigation. The Leader of Opposition in the Lok Sabha further alleged that a “dangerous pattern” is emerging under the AAP government that if one questions failures, the response is in the form of threats and torture. Gulzar Singh, a 47-year-old Dalit from Dirba in Sangrur district,

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