Photo used for representational purpose only. S&P expected the Reserve Bank of India to raise its already high policy rate further following a recent upside surprise to inflation. File | Photo Credit: Sushil Kumar Verma S&P Global Ratings on Monday kept its forecast for India’s economic growth unchanged at 6% in the fiscal year starting […]
Continue ReadingAshima Goyal, Economist & Author. File | Photo Credit: Murali Kumar K Inflation is expected to come down over the year, RBI Monetary Policy Committee (MPC) member Ashima Goyal said on March 12, asserting that the government’s supply-side action coordinated with a flexible inflation-targeting regime has kept the rate of price rise lower than that […]
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The Reserve Bank of India (RBI) on Wednesday raised the policy repo rate by 35 basis points (bps) to 6.25%, downshifting gears from consecutive increases of 50 bps, and scaled down GDP growth hopes for the year to 6.8% from 7%, even as Governor Shaktikanta Das exuded confidence about the economy being resilient and asserted […]
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RBI Governor says expects October’s retail inflation reading to be ‘lower than 7%’ RBI Governor says expects October’s retail inflation reading to be ‘lower than 7%’ Reserve Bank Governor Shaktikanta Das on Saturday exuded confidence that India will continue to be the fastest growing major economy with a likely growth rate of 7% in 2022-23 […]
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IOC and other state-owned fuel retailers had booked heavy losses in the first quarter of the current fiscal as they did not revise the prices to help the govt. contain inflation IOC and other state-owned fuel retailers had booked heavy losses in the first quarter of the current fiscal as they did not revise the […]
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Job creation, equitable distribution of wealth, growth are key priorities, says FM Job creation, equitable distribution of wealth, growth are key priorities, says FM Inflation is not a ‘red-lettered’ priority now for the government given that it has been brought down to a ‘manageable level’ over the past two months and job creation and equitable […]
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Wholesale Price Inflation moderated to a five-month low of 13.93% in July from 15.18% in June, driven by a lower pace of price rise for primary products, food items, and manufactured products, even though fuel and power inflation resurged from 40.38% in June to 43.75% in July. This is the 16th month in a row […]
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Households will now have to spend more on liquefied petroleum gas (LPG), as national oil marketing companies on May 7 increased the price of the 14.2-kg cylinder by ₹50. The second such revision in under two months, the increase pushes up the price of a domestic cylinder of cooking gas to more than ₹1,000 in […]
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