The Cabinet Committee on Economic Affairs has introduced a concept to simplify foreign investment norms by clubbing all investments as part of a composite sectoral ceiling.
The Federal Reserve chair told Congress that the Fed remains poised to raise interest rates this year, as labour markets were steadily improving, while turmoil in Greece or Chinese equity markets was unlikely to knock the U.S. economy off track.
The Fed said Wednesday that overall industrial production – which includes mining output and utilities, as well as manufacturing – rose 0.3 percent, the best showing since November.
The yearly increase picked up to 1.8% from 1.7%, closer to the Fed’s 2% target. If Econ was your Waterloo, here’s a translation: a higher inflation rate reduces the probability of the United States falling into another recession.