FOMC policy meeting: Jerome Powell-led US Federal Reserve keeps interest rates unchanged; flags ‘uncertainty’ related to impact of Iran war

Jerome Powell (AP file photo) US Federal Reserve policy: Jerome Powell-led Federal Open Market Committee (FOMC) on Wednesday kept interest rates unchanged within the 3.50%-3.75% band. “In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 3‑1/2 to 3‑3/4 percent. In considering the extent and timing…

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Direct tax collections rise 7.1% to Rs 22.8 lakh crore till March 17; corporate tax drives growth

India’s net direct tax collection increased 7.1 per cent to about Rs 22.8 lakh crore till March 17 in the current financial year, aided by higher corporate tax mop-up and slower refund outgo, according to official data released on Wednesday.Data shared by the Income Tax Department showed that net corporate tax collection grew by around…

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US wholesale inflation jumps to 3.4% in February; food costs drive biggest rise in a year

US wholesale prices rose more than expected in February, reflecting mounting inflationary pressures even before the recent surge in global energy prices linked to the Iran conflict, according to data released by the Labor Department as reported news agency AP.The department reported on Wednesday that its producer price index (PPI), which measures inflation at the…

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Govt sends additional warships to Strait of Hormuz to ensure safe passage of Indian vessels: Report

NEW DELHI: India is deploying additional warships in the Arabian Sea and the Gulf of Oman to ensure safe passage for its fuel and LPG carrying vessels as tensions escalate around the Strait of Hormuz, Bloomberg reported citing sources.The Indian Navy has positioned more than half a dozen warships, including logistics vessels, as a precautionary…

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AFCON chaos: Senegal stripped of title, allege ‘corruption’ and reveal their next move | Football News

Senegal’s Sadio Mane (AP Photo/Youssef Loulidi, File) NEW DELHI: Senegal’s Africa Cup of Nations triumph has been thrown into controversy after the Confederation of African Football overturned the final result and awarded the title to Morocco months after the match.The decision has sparked outrage in Senegal, with the government rejecting the ruling and demanding accountability.The…

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