The Morning Standard - May 08, 2022

Airfares Must Remain Within Limit As Ticket Prices Rise Manyfold: Scindia

AIR ticket prices must remain within a certain limit and the government have conveyed this concern to airlines, said Union aviation minister Jyotiraditya Scindia on Wednesday as airfares have surged up to 10 times on select routes after the grounding of private carrier Go First in the peak summer travel season.

New York's Air Quality Worst In The World, People Told To Stay Indoors

WITH wildfires raging in Canada’s Quebec region, the air quality levels in some of the United States’ top cities has fallen sharply.

No Homecoming For Messi As Barcelona Fail Again

ONCE again, Barcelona couldn’t do enough to entice Lionel Messi. Nearly two years after the club was forced to let Messi go against his will because of its financial struggles, Barcelona again missed out on a chance to bring the World Cup winner back.

RBI's stance on inflation snaps markets' winning streak

Indian equity markets snapped its four-day winning streak and ended in the red on Thursday.

WOBBLE TROUBLE FOR INDIA

Cummins-led pace attack used wobble seam to attack the stumps more, reducing Sharma & Co. to 151/5 on Day 2

Possibilities of future rate hikes a concern for real estate companies

The country’s top real estate players on Thursday said that any future rate hike by the RBI is a big concern for the industry as the apex bank has already hiked interest rates six consecutive times, cumulatively by 250 bps, since May 2022.

Reserve Bank targets 1 million active e-rupee customers by end of June

The Reserve Bank of India (RBI) is planning to have one million customers active on central bank digital currency (CBDC) or e-rupee by the end of this month.

About 50% of ₹2000 notes in circulation back in banks

ABOUT 50% of ₹2,000 notes, valuing ₹1.8 lakh crore, have come back to banks in a period of less than a month.

'6.5% growth target looks difficult'

Analysts are doubtful of the central bank's GDP forecast considering global slowdown

Heavy shelling in Ukraine's flood-hit region hampers relief works

UKRAINE and Russia accused each other of shelling rescuers and evacuees in the flood-hit Kherson region on Thursday as Moscow said its forces fought off a Ukrainian offensive in another part of the front line.