i think the mobilization from the reserve bank of india will have to wait for some time. it's anytime soon. rishaad: we have the covid situation improving in india, it has been a dreadful time of course. how does increased qe help people recover from covid or the pandemic and its influence and impact on the economy? qe, as we know, does create asset bubbles and those are perhaps for the more wealthy and what it does is it may create more inequality, so how does it help? >> you are right. if direct help is being offered, the answer is no. but we need to be mindful there is a government which is brought focus. there also has to be a central banker mindful without losing the vision of inflation. we have seen a downward revision from the deserve and conveyed yet which was conservative. we were at 10.5% and that has come down to 9.5%. for q1 of fy 22 for india is pretty much a wash out. given that, if you were to embark on the path of normalization, it would actually be counterproductive. hence, the decision probably to continue to support the bond market until such time as you

of this year. let's move south now to india, where the syntax is in the green there, the reserve bank of india announcing friday that it would keep interest rates at 4 percent amid the world's worst outbreak of cove at 19, despite coven concerns, experts still expect a double digit expansion of the economy for the fiscal year, starting in april, down to australia now, and the s x is also up the a s x is sitting at a fresh record highs for a 3rd straight day on friday. banks led the way to close out the week after data showed the country's economy grew by 1.8 percent from january to march hitting pre pandemic levels. once again. so very good news. there was move over to south africa now the all share there in the green, earlier in the week the ran hit its highest level against the dollar in more than 2 years. so good news there. while stocks hit fresh record highs. the index did fall off those records in the last few days, but still very positive for the week. now let's take a look at the markets over in europe and the america as we fly north. here in the u . k. the foot see was up for the week, but was m

states have reverse hyper on taxes, but the central government says this one, even though the reserve bank of india says it showed to could inflation the petroleum minister says the government, the earnings have reduced and the expenditure on things like health has increased and that they need the money. now, india recorded, it's worth economic figures in the past year, since records began more than 230000000 indians have form and property over the past year. and that is why the home was taught. he says, the average person just can't afford the prize. this is especially during an unprecedented economic slowdown and was rising unemployment. south korea, conservative opposition, has chosen the youngest leader in the countries modern political history to challenge president boon j and elections next here. 36 year old lee, john silk, who set up an education smartphone app will have the people power policy party. so things are rarely younger versus set up with income inequality and high costs on a federal prosecutor in peru as requested. the detention of right wing presidential candidate keiko for g. ma

states have reverse hyper on taxes, but the central government says this one, even though the reserve bank of india says it showed to could inflation the petroleum minister says the government and have reduced an expenditure on things like health has increased and that they need the money now, india recorded. it's worth the economic figures in the past year since the records began. more than 230000000 indian have for the property over the past year. and that is why the home was taught. he says, the average person just can't afford the prize. this is especially doing an unprecedented economic slowdown and was rising unemployment. 350000 people are either living in all facing famine. any c o p is water on t gray region. that's according to a report by the united nations and other agencies fighting broke out into gray november beneath the opium government forces entered the region to confront local leaders and other reports. it's a good day, foster high goes on the hot sun. they've just received their share relief food brought in by the united nations world food program. it's the 1st delivery of aide

have reverse hyper on taxes, but the central government says this one, even though. 2 the reserve bank of india says it should to could inflation the petroleum minister, says the government, the earnings have reduced and the expenditure on things like health has increased and that they need the money. now, india recorded, it's worth economic figures in the past year, since the records began more than 230000000 indians have fallen into property over the past year. and that is why the congress taught. he says, the average person just can't afford these prices, especially during an unprecedented economic slowdown. and with rising unemployment, france has announced an end to its direct role in operations against armed groups in f, because sal region presidency value. my phone says french troops will continue to be part of abroad at global effort to stop the violence. he's urging the united states in the e. u to support the mission. france has more than 5000 troops in the area across, recently suspended cooperation with the molly, an army following a coo natasha butler has more from paris. it sounds

india. pmi manufacturing numbers out later today. also the services and composite side of those things as well. don't forget we are looking ahead to the pmi, or i should say the reserve bankon that comes at the end of the week. haslinda: india's economy expanded faster than expected last quarter before a researching coronavirus released a new wave of challenges. growth domestic product rose 1.6% from last year, faster than the 1% estimate. our next guest has revised gdp growth downward to 8.9% on year due to the recent resurgence in covid-19 cases. joining us from mumbai is an economist. why the pessimism? some people say post-pandemic, india will come out strong. >> good afternoon. yes, if you look, in 2022, we expected near-term growth weakness will be confirmed -- confined to the june and september quarter. there should be more activity on the ground. we are looking at 8.9% gdp growth in india. but we do expect the second half of this year should see a much stronger recovery and the timing is going to move in tandem with the vaccination ramp-up. we expect high context services consumption, stronger global growth and easing commissions likely to support india's growth r

in india, as monsoon season approaches, hundreds of bodies buried on the banks of the ganges during the pandemic could cause an environmental disaster. the us federal reserve since 2008 — but officials say it's temporary. the bbc�*s samira hussain tells us more the federal reserve had originally said they were not going to look at raising interest rates until 20 3a, so what they have done is they have moved up that timeline. so, remember, financial markets really like all of these easy money policies. it means that there's just a lot more liquidity, so there's a lot more money sloshing around and that means there's a lot more possibilities for that investment to go onto us financial markets. so that's why you are seeing a bit of that hesitant kind of reaction from financial markets. but, look, a big concern for many people on wall street and frankly many americans has been raising inflation. we saw the most recent inflation numbers that were the biggest jump that we had seen in more than a decade. during the second wave of the pandemic, hundreds of bodies were buried in shallow graves, along parts of india's most important water source. with the monsoon se

equities, fx reserves declining at a strong dollar environment suggesting the bank of highland likely dedicated to as stable thai bhat, according to morgan stanley. let's have a look at indias contract in singapore .25% up. this time last week we were approaching record highs and subsequent fallbacks taking place. a story emerging doc is considering raising funds from ultrarich families around the globe particularly in india to get him firepower to make acquisitions and further establishes investment firm. he is looking for $150 million dollars from each of half a dozen family offices in india according to a person with knowledge of this ambition, as it were. let's bring in from an independent investment in visor a firm -- independent investment advisory firm, -- , thank you for joining us. what to they do once they get it? >> a piece of the pie you mean what -- where we going next market? rishaad: billionaires james murdoch is trying to tap. >> if you are not in that crowd you have difficulty breaking in. i think plans are set and they have their targets and they are talking about all sorts of things. it might be an interesting thing to cling to what is going on generally