SC to deliver judgement on Thursday in Karnataka hijab ban matter The Supreme Court is scheduled to pronounce its verdict on Thursday on a batch of petitions challenging the Karnataka High Court judgement refusing to lift the ban on hijab in educational institutions of the state. Despite setback, India, U.K. officials hope to conclude talks […]
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September food inflation quickens sharply to 8.41%, the steepest level in 22 months; economists warn that the negative surprise could spur more rate increases from the Reserve Bank of India September food inflation quickens sharply to 8.41%, the steepest level in 22 months; economists warn that the negative surprise could spur more rate increases from […]
Continue ReadingIndia’s retail inflation touched 7% in August, up from 6.71% in July, fuelled by a 7.62% pick-up in food prices paid by consumers, even as industrial production growth in July had dropped to the lowest level since April at just 2.4%, with output levels dropping 2.75% month-on-month. This is the eighth successive month that retail […]
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The Finance Ministry late Monday termed the increase in retail inflation from 6.71% in July to 7% in August as ‘moderate’, and attributed it to an adverse base effect and an increase in food and fuel prices, which it called “the transient components” of Consumer Price inflation. Core inflation, which excludes these ‘transient components’ of […]
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Trading momentum was positive ahead of retail inflation and industrial output data, which will be announced after market hours. Trading momentum was positive ahead of retail inflation and industrial output data, which will be announced after market hours. Equity benchmarks made a positive start to the week on Monday, September 12, 2022, amid a supportive […]
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What are the local factors? How has it dented spending, particularly in rural India, which is facing more price pressures? What are the local factors? How has it dented spending, particularly in rural India, which is facing more price pressures? The story so far:India’s economy grew at a slower-than-expected 13.5% in the first quarter of […]
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The biggest risk to India’s growth outlook is an escalation of geopolitical tensions, especially if these tensions spread to the Asian region, Reserve Bank of India’s Monetary Policy Committee (MPC) member Jayanth R. Varma said on Wednesday. Mr. Varma, in an interview to PTI, said that inflation and inflationary expectations appear to be moderating and high […]
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India’s retail inflation slipped below the 7% mark for the first time since April, easing to 6.71% in July from 7.01% in June. This is the seventh month in a row that the pace of price rise has been over the upper tolerance limit of 6% pursued by the central bank’s monetary policy committee. Rural […]
Continue ReadingLabour Bureau has been compiling consumer price index for industrial workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country Labour Bureau has been compiling consumer price index for industrial workers every month on the basis of retail prices collected from 317 markets […]
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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% […]
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