Skip to content
Search

Latest Stories

Delhi University graduate appointed to Bank of England

Delhi University graduate appointed to Bank of England

CHANCELLOR Rishi Sunak has appointed a Delhi School of Economics alumna as an external member of the monetary policy committee (MPC) of the Bank of England.

Swati Dhingra's appointment to the central bank comes amid the UK’s fight to tame the post-pandemic inflation, amplified by the Russian invasion of Ukraine.

Dhingra, an associate professor of economics at the London School of Economics, succeeds Michael Saunders and her three-year term will start on August 9, the government said in a statement.

A known critic of Brexit, she had said in a recent paper that the event was “the biggest reversal of deep international economic integration in the modern era”.

Sunak said Dhingra’s experience in international economics will bring “valuable new expertise” to the MPC.

“I am delighted to appoint her to this role and look forward to seeing her contribution to policymaking in the coming years”.

Bank of England governor Andrew Bailey said her insights, perspective and extensive research in international economics will benefit the central bank.

Dhingra is an elected member of the Council of the Royal Economic Society and a Research Fellow of the Centre for Economic Policy Research.

She received her undergraduate degree from the University of Delhi, her MA from the Delhi School of Economics and her MS and PhD from the University of Wisconsin-Madison.

Dhingra, who served as a member of the UK’s Trade Modelling Review Expert Panel, is a director of The Royal Mint Museum and a member of the Steering Group for The Economy 2030 Inquiry.

More For You

Tesco

Users experiencing ongoing problems have been advised to try again later

iStock

Tesco app crash leaves customers unable to access Clubcards

Tesco has issued an apology after a software problem caused disruptions to its website and mobile app, leaving some customers unable to manage online orders or access digital versions of their Clubcards.

The issue occurred on Friday afternoon, with users taking to social media to report problems ranging from being unable to amend their online grocery orders to difficulties accessing their Clubcard accounts. Some customers also reported being unable to use vouchers or collect points while shopping.

Keep ReadingShow less
iphone-Reuters

In April, Indian minister Ashwini Vaishnaw said that iPhones worth £13.22 bn were exported from India in FY25. (Photo: Reuters)

REUTERS

Apple assures India plans intact despite Trump’s remarks: Report

APPLE has assured the Indian government that its investment and manufacturing plans in the country remain unchanged.

This comes after US president Donald Trump said he had asked Apple CEO Tim Cook to scale back manufacturing in India and focus more on the United States.

Keep ReadingShow less
 Lakshmi Mittal

Mittal, 74, has a net worth of more than £17.3 billion.

Lakshmi Mittal buys luxury mansion in Dubai’s Emirates Hills: report

LAKSHMI MITTAL, executive chairman of ArcelorMittal SA and one of Britain’s richest residents, has purchased a mansion in Dubai’s Emirates Hills, known as the “Beverly Hills of Dubai”, Bloomberg reported, citing people familiar with the matter.

The Baroque-style home was listed for around £150 million in 2023 and sold for roughly half that amount earlier this year, according to people with knowledge of the deal.

Keep ReadingShow less
Starmer backs greater role for
pharmacies in NHS overhaul

Dipesh Vaja, Raj Haria, Manish Shah, Miloni Tanna, Bharat Shah, Hatul Shah, Kamal Shah and Rajiv Shah at the 15th annual Sigma Conference in Baku, Azerbaijan

Starmer backs greater role for pharmacies in NHS overhaul

COMMUNITY pharmacy has a “vital role to play in rebuilding” the NHS, prime minister Sir Keir Starmer has said, referring to a recent announcement of record funding for the sector.

He said ministers want to capitalise on the clinical expertise of pharmacists as the Labour government is determined to fix the “broken” NHS inherited from successive Conservative administrations.

Keep ReadingShow less
French unions urge nationalisation of ArcelorMittal amid job cuts

Steelworkers protest outside ArcelorMittal headquarters in Saint Denis on Tuesday

French unions urge nationalisation of ArcelorMittal amid job cuts

UNIONS in France fighting to save 600 jobs at ArcelorMittal operations have called on the government on Tuesday (13) to take control of the sites, following Britain’s example with British Steel.

CGT union chief Sophie Binet told hundreds of workers protesting outside the company’s French offices that she would raise the matter directly with president Emmanuel Macron.

Keep ReadingShow less