Stay Connected. Stay Informed.
Image for representational purposes only | Photo Credit: Special arrangement The Centre has announced that it will bear the additional cost of ₹425.62 crore in FY 2024-25 on account of inflation in food material cost under the centrally sponsored PM POSHAN Scheme. Under the scheme, one hot cooked meal is served to 11.70 crore students…
Early November trends signalled moderation in key food prices. New Delhi: India’s food inflation is likely to ease, while the growth outlook for the economy is “cautiously optimistic” for the coming months as the agricultural sector is likely to benefit from favourable monsoon conditions, increased minimum support prices and adequate supply of inputs, according to…
Read More “Food Inflation Likely To Ease In Coming Months, Says Centre’s Report” »
Ottawa: Canadian Prime Minister Justin Trudeau has acknowledged that his government’s immigration policy has been exploited by “bad actors” such as “fake colleges” and large corporations, leading to a significant shift in the country’s immigration strategy. This comes in amid Trudeau’s descending popularity ahead of the General Elections in Canada next year. In a recent…
Read More “Justin Trudeau Says ‘Made Mistakes’ On Immigration, Plans Big Change” »
India’s city dwellers are cutting spending on everything from cookies to fast food as persistently high inflation squeezes middle class budgets, threatening the country’s brisk economic growth. Slowing urban spending over the past three to four months has not only hurt the earnings of largest consumer goods firms, it has raised questions about the structural…
Read More “India’s middle class tightens its belt, squeezed by food inflation” »
The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation. | Photo Credit: Andrew Harnik The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped…
Read More “Federal Reserve cuts its key interest rate by a quarter-point” »
Despite a slowing job market, the share of people with more than one job has grown. In the post-pandemic era, the United States has witnessed a disturbing trend: an increasing number of people are forced to take multiple jobs to make ends meet. Of late, what was once referred to as the “gig economy” or…
Read More “Why More Americans Find One Job No Longer Enough To Survive” »
Representational Image Tracking rising temperatures is becoming a better way of forecasting food inflation in India than the rain patterns economists have typically relied on, according to HSBC Holdings Plc. The link between extreme heat, exacerbated by climate change, and the price of agricultural commodities in India has strengthened over the past decade, the bank…
Read More “India’s Heat Is Now A Better Predictor Of Food Prices, Inflation Than Rain: Report” »
India’s wholesale prices dropped to 2.04% in July. | Photo Credit: SUSHIL KUMAR VERMA Inflation in India’s wholesale prices dropped from a 16-month high of 3.4% in June, to 2.04% in July, with the rise in food prices cooling to 3.55% from 8.7% a month earlier. However, month-on-month gains in food prices accelerated to 2.7%…
Read More “India’s Wholesale price inflation drops to 2.04% in July” »
What is inflation? In simple terms, inflation refers to an increase in the price of goods and services over a period of time. To illustrate, if five chocolates cost Rs 10 in 2020 and if the price went up to Rs 15 in 2024, it simply means that the cost of chocolates has increased over…
Image for representation purpose only. Doubling standard deduction to ₹1 lakh, increasing tax break on interest paid on housing loan and rationalisation of capital gains tax regime are some of the expectations that consultancy firm KPMG has from the Budget 2024-25 to be unveiled on July 23 in Parliament. There has been a significant rise…