MPC to focus on growth, expectation on rate cut back on table

KOLKATA: Expectation of the Reserve Bank of India returning to the interest rate easing cycle sooner gained traction with it saying that the Monetary Policy Committee (MPC) would focus on economic revival when the transient spikes in inflation dissipate. The regulator projected that inflation would ease closer to the target by March next year.

Governor Shaktikanta Das said that the rise in prices is due to supply side shocks as the effect of lockdowns and restrictions in movements across the country.

“As supply chains are restored, these wedges should dissipate,” Das said in his policy statement. “The MPC has hence decided to look through the current inflation hump as transient and address the more urgent need to revive growth and mitigate the impact of COVID-19.”

This has provided the space for continuing with the accommodative stance with forward guidance as set out in the MPC’s resolution.

“We continue to expect

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Designer and Educator Mira Henry to Present ‘Kitchen Table Talk’ Lecture Online on Oct. 12


Rough Coat, an architectural installation.
Image courtesy of Mira Henry

Rough Coat, an architectural installation.

FAYETTEVILLE, Ark. – Mira Henry will present a virtual lecture at 4 p.m. Monday, Oct. 12, as part of the fall lecture series in the Fay Jones School of Architecture and Design. Henry is co-principal of the collaborative architectural design practice, Current Interests, which she runs with her design partner Matthew Au. She is also a member of the design faculty at Southern California Institute for Architecture and is currently visiting faculty at Princeton University.

Henry’s built work is grounded in notions of material specificity, color relationships, assembly details and an engagement in critical cultural thinking. Her formal research and writing focus on architecture, race and materiality. She is the recipient of the 2019 Architectural League Prize, Henry Adams AIA Award and Archiprix International Gold Medal. Recent publications can be found in the journals Log and Pidgin. She

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Is your Sur La Table closing? The kitchen goods retailer is liquidating more stores by the end of September

Going-out-of-business liquidation sales are now underway at 17 additional Sur La Table stores.

Can shopping malls survive the coronavirus pandemic and more store closings?

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The Seattle-based luxury kitchen goods retailer filed for Chapter 11 bankruptcy protection in July and announced plans to close 51 of its 121 stores while looking for a buyer for remaining locations. Five locations were listed as permanently closed in July.

According to a news release Friday, liquidation firms Great American Group, SB360 Capital Partners and Tiger Capital Group are managing the sales at the closing stores, which started Aug. 28, and the initial discounts are up to 30% off original prices, the release said. 



a store inside of a building: Sur la Table is closing at Freehold Raceway Mall.


© David P. Willis
Sur la Table is closing at Freehold Raceway Mall.

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