News in Brief
India working to bring down inflation
BLOOMBERG – India is working to rein in inflation that is “slightly above” a tolerated level, Finance Minister Nirmala Sitharaman said.
“Today we have an inflation which is slightly above the tolerance limit, but which is constantly being worked at so that it can be brought down,” the minister said in a speech at a college in Bengaluru in Karnataka state on Saturday.
India’s latest retail inflation fell within Reserve Bank of India’s target range of 2%-6% in March after two consecutive months of consumer price gains that were above 6%.
China to produce EVs in Thailand
REUTERS – China’s Hozon New Energy Automobile will make electric vehicles in Thailand for the Southeast Asian market, a Thai official said on Saturday, as it follows others in building facilities in the region’s major auto production hub.
Hozon signed an agreement with Thailand’s Bangchan General Assembly this week to start production of its NETA V model, expected in 2024, Thai government spokesperson Tipanan Sirichana said in a statement.