The Municipal Corporation of Delhi House passed a budget of Rs 16,683 crore for the 2024-25 financial year without a vote amid accusations of corruption against the mayor. The budget estimates for 2023-24 and 2024-25 were also approved. The House could only function for five minutes as the budget was read amidst shouts of accusations. The total income for the fiscal year was approved at Rs 15,686.99 crore with an expenditure of Rs 16,683.01.
NY Fed’s John Williams flags need to gather more information on inflation risks before rate decisions
Federal Reserve officials John Williams and Alberto Musalem have flagged persistent inflation risks, with rapid AI infrastructure investment potentially adding to price pressures. Williams backed