Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha during the Winter Session of the Parliament, in New Delhi, on December 21, 2022. | Photo Credit: PTI Finance Minister Nirmala Sitharaman on December 21 said the government is keeping an eye on inflation which is purely “extraneous” nowadays because of the fuel and fertilizer prices. […]
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The story so far: On September 9, the Centre instituted a ban on the export of broken rice. Additionally, it mandated an export duty of 20% on rice in husk (paddy or rough), husked (brown rice) and semi-milled or wholly-milled rice. The measures do not affect export of basmati or parboiled rice. The Secretary at […]
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Rupee traded in a narrow range as investors awaited key domestic macroeconomic data points like IIP and CPI for further cues. Rupee traded in a narrow range as investors awaited key domestic macroeconomic data points like IIP and CPI for further cues. The rupee depreciated 4 paise to close at ₹79.66 (provisional) against the U.S. […]
Continue ReadingIndia’s services sector growth hit a four-month low as demand weakened amid inflation pressures, as per the S& S&P Global India Services Purchase Managers’ Index (PMI) which moderated to 55.5 in July from an 11-year high of 59.2 in June. A reading of 50 on the PMI indicates no change in business activity levels. While […]
Continue ReadingThe seasonally adjusted S&P Global India Services Purchasing Managers’ Index Business Activity Index fell from 59.2 in June to 55.5 in July, pointing to the slowest rate of growth in four months. The seasonally adjusted S&P Global India Services Purchasing Managers’ Index Business Activity Index fell from 59.2 in June to 55.5 in July, pointing […]
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Even as the Indian rupee has fallen sharply against the U.S. dollar, the rupee’s depreciation has been relatively lower unlike previous times Even as the Indian rupee has fallen sharply against the U.S. dollar, the rupee’s depreciation has been relatively lower unlike previous times The Indian rupee has depreciated by around 7% against the U.S. […]
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Food price inflation, as per the Consumer Food Price Index, eased to 7.75%, from 7.97%, but remained above 8% in urban areas, at 8.04%. Food price inflation, as per the Consumer Food Price Index, eased to 7.75%, from 7.97%, but remained above 8% in urban areas, at 8.04%. India’s retail inflation inched lower to 7.01% […]
Continue Reading.JPG "Rural food prices continued to surge in April")
Rising food prices spurred an increase by 10 points each in the all-India Consumer Price Index (CPI) for agricultural and rural labourers, respectively, last month, the Ministry of Labour and Employment said in a release on Saturday. An increase in the prices of rice, wheat-atta, jowar, bajra, ragi, vegetables and fruits contributed the bulk of […]
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