the reserve bank of india expects inflation to remain at about five in 2024, which began on april oneeport at this hour. thank you forjoining me. as always all the bbc stories are on the website. tuesday with bbc news and i will see you at the next hour. —— do stay with bbc news. ian ward has turned his bodmin living room into a slot car racetrack. i've got over 105 cars now, 14 box sets upstairs in my bedroom and probably another 26 that are loose. it takes my mind off things. it“s brilliant. i love it. he rediscovered his childhood hobby a year ago and says it's really helped with his autism and mental health. the scale gives me the opportunity to be flexible. the scale gives me the opportunity to be flexible. so if i don't like the track, if i get bored of it, i can take it down and put a completely different track up. in my brain, my autism accepts that because it's something completely different. ian has also taken his track out on the road, hosting monthly meets in this local community centre. oh, it's a great group. this is brings together like minded people with racing cars. i

hitting the pause button — the reserve bank of india keeps interest rates on hold in a surprise move.this the right step? welcome to world business report, i'm ben thompson. french president emmanuel macron has urged his chinese counterpart xijinping to use his influence to help stop russia's war in ukraine. mr xi said their two countries had the "ability and responsibility" to safeguard world peace. the french leader is on a state visit to china, which has refused to condemn russia's invasion of ukraine. mr macron isjoined on this visit by european commission chief ursula von der leyen, as well as a large business delegation to try and bolster trade ties. isabel hilton is the founder of the nonprofit organisation china dialogue. yesterday the strip was very much about pressure related to ukraine, today they are talking business —— this trip was about ukraine. what have we heard?— this trip was about ukraine. what have we heard? ., have we heard? there are some good news for airbus, _ have we heard? there are some good news for airbus, a _ have we heard? there are some good news for a

lastly, the reserve bank of india cap rates on hold after six consecutive hikes, surprisingly marketsnor did say that the central bank's job is governor did say that the central bank'sjob is not finished and the war against inflation had to continue given that it had proven to be more sticky than expected. the reserve bank of india expects inflation to remain at about 520% in financial year 2024, which began on i april. 52096 in financial year 2024, which began on 1 april. before we say goodbye. _ which began on 1 april. before we say goodbye, i _ which began on 1 april. before we say goodbye, i want - which began on 1 april. before we say goodbye, i want to - which began on 1 april. before we say goodbye, i want to tellj we say goodbye, i want to tell you about how ford is doubling down on electric vehicles. the american auto company is investing about $1.3 billion to transition to an assembly plant in canada into a new electric vehicle hub. ford said the hub will include vehicle and battery pack assembly and that the site is key to forward's plans to have reduction capacity for 2 mi

the reserve bank of india expect inflation to remain at about 5.2% in financial year 2024, which began us, goodbye. reading. it is not something becomes easierfor reading. it is not something becomes easier for everyone. and for 35—year—old aaron it has been a struggle. i and for 35-year-old aaron it has been a struggle.- has been a struggle. i was really scared, _ has been a struggle. i was really scared, i've - has been a struggle. i was really scared, i've felt - really scared, i've felt embarrassed, quite silly, if i'm honest, but now i'm as far as what i am i'm proud of myself for doing it.- as what i am i'm proud of myself for doing it. twice a week aaron _ myself for doing it. twice a week aaron has _ myself for doing it. twice a week aaron has a - myself for doing it. twice a week aaron has a session l myself for doing it. twice a i week aaron has a session with coach and who helps in breakdown big and complicated words. 50 breakdown big and complicated words, , ., ., breakdown big and complicated words-_ and - breakdown big and complicated words._ and he l words. so legislatio

that never falls within the inflation target band of around two and 6% set by the reserve bank of indiak the central bank held its key rate study after six consecutive hikes. despite consumer prices showing signs of moderating in the us in india inflation is still very much a concern but officials at the international monetary fund for the risk to the global economy that the fund is worried about. our north america north america bidders corresponded with speaking to the deputy managing director of the imf. we speaking to the deputy managing director of the imf.— director of the imf. we are seeinu director of the imf. we are seeing multiple _ director of the imf. we are seeing multiple kinds - director of the imf. we are seeing multiple kinds of i seeing multiple kinds of stresses. we are in an environment where inflation is still too high. it is well above central—bank targets which is why they are raising interest rates to bring it down. we saw in march the banking sector turmoil we had in the us and in switzerland. that's come down for now but we know that after a decade of low intere

from the impact of what's happening, let's say this was a little the us as far as the global banking turmoil is concerned. that was also the word coming in from the reserve bank of india of the imf spring meetings where he said that the financial stability and the banking stability in india, we keep it insulated from the bible turmoil.— bible turmoil. fascinating stuff, archana _ bible turmoil. fascinating stuff, archana shukla, . bible turmoil. fascinating - stuff, archana shukla, thanks for your analysis there. the value of the global cosmetics industry is estimated to be a whopping 90 x it billion us dollars by 2030. the majority of the growth is expected to come from right here, the asia—pacific region. with the digital world already reshaping the way we live, brands are increasingly using to to immerse customers in their portfolio of products. will that translate into more sales? my that translate into more sales? my colleague has been finding out. lights, camera, action. but make it ai. in the world of beauty personalisation is the latest trend. and brands are turning to technology to deliver. there will�*s largest cosmetic company is investing heavily in abbott

there is a 2-6% range for inflation for the reserve bank of india. think there are reasons why they will actually decide to pause and one of them is the stronger currency and another one is rising costs for manufacturing is expected to slow that part of the economy down. haidi: kathleen hays there. let's bring in our next guest. mitul kotecha from the toronto dominion bank. great to have you with us. bloomberg economics going against consensus saying we can see a pause today. you are going further ahead. why do you see policy easing by the time we get to the end of the year? >> we do think inflation is still sticky as was mentioned earlier and still above the rpi's target rate. it is likely they will need to nudge and lower. global economic conditions are weakening and it will be hard for india to escape that. with inflation likely to drop to about 5.1%, that will give they are b.i. plenty of room -- the reserve bank of india plenty of room. as the economy slows, and may need rate cuts further down the line. we are more aggressive than what the market

hitting the pause button — the reserve bank of india keeps interest rates on hold in a surprise move. french president emmanuel macron has urged his chinese counterpart xijinping to use his influence to help stop russia's war in ukraine. mr xi said their two countries had the "ability and responsibility"

some countries more aggressive than others but the reserve bank of india surprised. rates when they could have. is it warranted? >> there is a reasonable justification to pause now. although along with the pausing they have also given fairly hawkish observation of how inflation can conduct or behave itself. they are keeping a close eye. there is a sense of relief as this leaders welcomed the pause of the central bank. i also think it is because if central banks are where they are for their respective countries, if they are able to assist for themselves their own economies, pluses and minuses and completely, not really completely but decouple themselves from the fed, i think countries can take a call which can help growth momentum which is required for each one of them. it has to be based on the situation at the ground. >> the aggressive rate hikes is hesitated some say -- >> i'm not questioning the decision of fed. i'm only talking of the synchronize away the central bank responded. >> fiscal targets 9.5%. if revenue growth slows and privatization does not pick up som

their desire to carry out trade transactions with the indian rupee, since last summer, the reserve bank of india. by issuing preliminary permission to the banks of this country, the central bank of india allowed the banks of this country to open accounts and settle international trade accounts with rupees in addition to the current common practice. the devaluation of the indian rupee has caused concern in recent months. also, india and other countries will become less dependent on the us dollar. if the rupee payment system becomes widespread at the international level, it can become an important factor in changing emerging economies such as india and the integration of cities, especially in south asia. follow to have this authorization, payment invoices and settlement of accounts related to trade with 18 countries of the world can from now on be done with indian rupees. and england are among the countries that have announced their desire to facilitate trade with the indian rupee. this action will help the long-term goal of internationalizing the currency of this country and will make trade with

some more aggressive than others but the reserve bank of india did not hike rates when they could havee is a reasonable justification to pause now although along with pausing they have also given fairly hawkish observation of how inflation can behave itself so they are keeping a very close eye but it was a sense of relief through which the business leaders welcome to the pause of the central bank. i also think it is because if central banks stay where they are for their countries, if they are able to assist for themselves their own economies, plus or minus, and somewhat decouple themselves from the fed , i think countries can take a call which can help growth momentum, which is required for each one of them, but of course it has to be based on the situation. kathleen: the aggressive rate by the fed, some say they started the inflation fight. >> i am not questioning the decision or aggressiveness of the fed. kathleen: fiscal target 5.9%. if privatization does not pick up steam, how will it be balancing your spending priorities? >> during covid we consciously had a very high deficit beca

the reserve bank of india auctioning 3.49 billion dollars worth of treasury yields.dfc life and sbi life, out with their numbers later in the day. haslinda: for more on what we are watching the markets, let's go to our reporter in mumbai. tell us more about these heat waves and how this is impacting investor sentiment. >> yes thank you guys for having me. the heatwave has been on the radar for a lot of investors though conditions are becoming better but if you look at the impact it is taking on the market and of course on sectors, milk producers come top of mind. you have stocks sliding more than 15% this month alone, because of milk shortages in the country we have seen over the past couple of months. all eyes are on monsoon. the prediction of conditions are worsening. traders are nervous about what income it will have on the rural economy. stocks linked to that economy, such as britannia, a lot of makers as well as tractor makers. rishaad: tell us about some of the big names out with earnings as well. chiranjivi: if you look at the earnings season so far, the start

to come, a top asset management firm shares their output for indian equities ahead of the reserve bank of india'sthis week. sun life ceo will be joining us next. this is bloomberg. ♪ haslinda: a big week ahead for asia central banks. australia, new zealand, pakistan and india all set to announce monetary policy decisions. most economists see the rpi -- rbi raising its rate. let's discuss this with the ceo of sun life amc, one of india's top companies. what are you expecting from the rbis and what message are you anticipating? >> as you know, the bank has been proactive. the rays of the policies. the rate above 6.5%. inflation is out of control. it is marginally above expectations. that is not something, the situation cannot help things. as a result of that, it is below 3%. that means experts have been showing improvement. the oil prices out of control. going by all of those things, output has been good. as expected, a good month to have. keeping all of those things in mind, my own belief is at this time, rba may take a pause. 6.5% has also been ensuring that there has been a corresponding rate hi

the reserve bank of india, economists expecting a quarter-point move, inflation is above target. a u.k. investor minister, dominic johnson about the post-brexit push for asian trade deals. haslinda: asia under pressure on the back of the softer than expected jobs data out of the u.s. investors worrying about a possible global slowdown. the big story, rbnz raising rates, 50 basis points, double what was expected by the markets. taking a look at where we are. we have kiwi stocks down about .5%. the big move is in the kiwi dollar, jumping more than 1%, currently up by .6%. take a look at kiwi to year yields, jumping almost 15 basis points. some suggesting the move is a reflection of creditors saying this could be a policy error. we're hearing from some sources that perhaps this could be the last tightening move before -- by been -- tightening move before the rbnz. we're keeping a watch on assets out of australia on the back of phil lowe, the governors saying the pause in april may not be the end of the tightening cycle, trying to detect where the kiwi assets are now. the aussie trad

of the banking sector in the near future. that on the verge of a serious crisis, more and more countries are choosing a reserve currency instead of the dollar, indiand malaysia have completely abandoned peace is not something to fight there will be nothing to feed people with food security issues. they already stand in the same european union. sharp, not yet ribbed. take an example from belarusians. today there are already 20 hectal settlements. well, there will still be 20-25 gaidars 45 will be. well, russian farmers in the first warm season already have a large share of early spring crops in the field, and the soil, all over the country , is preparing for sowing more than two million hectares, a significant part of the grain of bread, there will be enough for everyone, both the first and second, and we will earn the benefits of fertility. we border on industriousness remembered like that. it's a week see you. for the umpteenth time reminding the whole world of their aggressive and belligerent position the year the us secretary again ruled out the possibility of ceasefire negotiations between moscow and kiev for some it may be tempting, but this

reserves and the limited ability of russian banks to use swift is that the central bank wants to be sure that the country holding the reserves will not become confiscated in these cases, either from the floor, indiaalaysia in trade settlements. they change to indian rupees. this follows from a directive from the central bank of india which insists also stated that there is no reason to continue to depend on the dollar. estonia continues to wallow in democratic values. they banned access to more than fifty sites with consumer protection and technical supervision of the country. he immediately conducted a kind of public opinion poll, where people, allegedly against russian channels, are in a real information war. after all, estonia has already restricted access to 195 websites and fifty-one tv channels to safe magazines based on western traditions. just canceled this is also confirmed by the absence of any reaction to the terrorist attack on the university embankment in st. petersburg as a result of an extremist attack by the special services , an ideologue, a russian spring, died. he owns dozens of tatars. a man of the 18th year and without a cut told the war, obviously precisely inconvenient trut

even from a distance you can sense the power of the royal bank l tiger. in this reserve in india's mahar roster estate for years they've been under threat of extinction because of habitat loss. hunting and poaching. since 1973 successive governments have made them mission to create a safe area for the critically endangered tigers. and now their numbers are growing . the set up of buffer zones and reserves has led to a flourishing wildlife. but the growing bengal tiger population is coming at a cost for people living near by with the animals rami out of protected areas. local communities depend on the forest for their livelihood. they need firewood and pick them up or flowers every year to sell in the markets. but now is become too risky. magician says, a bengal tiger killed her husband. well go me. they went looking for him to the edge of the village. when they entered the forest, they found a basket of flowers scattered. there was a plastic bag, water bottles, slippers and floors, but he was not there. they found some blood. the villagers came back, they said something bad had hap

central banks want to be sure that the country holding the reserves will not confiscate them in the event of any dispute, as the us did with russia and before that with afghanistan. well, then india and malaysia also refuse the dollar in trade reports. they change to indian rupees. such a move follows from the directive of the central bank of india, which insists on settlements in its national currency in international trade , the prime minister of malaysia also stated that there is no reason to continue to depend on the dollar. china launched a special patrol and inspection operation in the waters of the taiwan strait. its start was due to reports of a meeting between the speaker of the us house of representatives and the head of taiwan's administration. earlier, the chinese foreign ministry warned that the chinese authorities were categorically opposed to any official contacts between washington and taipei sharply escalated. and palestine israeli relations recorded violent clashes in the al-aqsa mosque, israeli, police broke into a mosque in jerusalem during a raid. the security forces used rubber bullets , tear gas and sveta stun grenades. according to local media, about 100 p

and with india has and the gold reserve from and the gold reserve, a gold reserves matter, to a certain extent, go reserves are important and there is certainly the governor of russian central bank or his award. she's a woman, i don't remember her name, but she implemented a policy of defending the reserve based on the central bank in a very non engine way, not printing money massively. so not printing money massively certainly has helped stabilize the rule in the situation that could have been, as you said before, very, very negative, obviously come back to the point capital controls. ready are a, are a very negative thing for the russian population that want to exchange those for euro. so for dollars and the other hand, it has strengthened the ties with china, undoubtedly there and with india. and those 2 have basically offset all of all of the negative impact on exports to, to the european union, and probably by a very, very large difference. well, the central bank governor in moscow, lena came under attack, leaving loads of money in the united states. as russia went in to, as they saw it, defend the people of don bass, which shows the problems of decoupling doesn't have from

central banks want to be sure that the country holding the reserves will not confiscate them in the event of any dispute , as the us did with russia and before that with afghanistan refuse. dollar india in trade settlements, they are switching to indian rupees, this follows from the directive of the central bank of india, which insists on settlements in its national currency in international trade, the malaysian prime minister also said that there is no reason to continue to depend on the dollar, another favorite method of us pressure, sanctions, but with a strong economy, they do not interfere with the further development of the state, the task set by the head of state. during the message to the people and parliament. today , talk show experts are discussing the economic environment, the time has come for initiatives and active actions. implementation of nations import substitution implementation of allied programs. all this should ultimately lead to gdp growth at the level of four percent results of the year and reserves. there are, despite the efforts of the authors of endless packages of sanctions, our industrial complex feels confident and successfully reorient its volume in the