Tag: inflation

India’s industrial output growth drops to four-month low of 3.2% in December

February 12, 2025 admin

Image for representative purpose | Photo Credit: PTI India’s industrial output growth dropped to a four-month low of 3.2% in December, with manufacturing and mining sectors rising just 3% and 2.6%, respectively, and consumer non-durables’ production slipping 7.6% from a year ago. The National Statistics Office (NSO) also downgraded the industrial production growth assessment for…

Business

India needs to develop climate-resilient crop varieties: Economic Survey

January 31, 2025 admin

India needs to develop climate-resilient crop varieties and enhance yields to increase the production of pulses, oilseeds, tomatoes and onion to ensure long-term price stability, the Economic Survey 2024-25 said. File | Photo Credit: Sandeep Saxena India needs to develop climate-resilient crop varieties and enhance yields to increase the production of pulses, oilseeds, tomatoes and onion…

Business

Will the FY26 Budget reverse the decline in social sector spending?

January 29, 2025 admin

Village women work under MGNREGA scheme at Jagannath Prasad village in Odisha | Photo Credit: Gerra Madhusudan 10751@Chennai The share of the Union Budget allocated for the social sector has declined rapidly in recent years. Data show that the outlays to most schemes under the rural development, education, health, and social welfare heads have either…

Business

The Modi Government’s 25 Things-To-Do in 2025

January 2, 2025 admin

When Julius Caesar’s Senate fixed January 1 as the ‘first day of the year’, the idea wasn’t only to ‘start afresh’. It was also when those in civil office were to set in motion their responsibilities. In that tradition, coming down from 45 BC, let the existing coalition government headed by Narendra Modi set out…

Nation

Vocal on growth, silent on inflation

December 24, 2024 admin

In November, a Cabinet Minister reportedly stated at a press conference that the Reserve Bank of India (RBI) should focus on growth and not be concerned with food price inflation. Though the Minister clarified that he was speaking in his personal capacity, it is not in the spirit of things that once the central bank…

Business

U.S. Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year

December 18, 2024 admin

The Federal Reserve cut its key interest rate by a quarter-point. File. | Photo Credit: AP The Federal Reserve cut its key interest rate on Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of…

Business

PM POSHAN scheme: Centre to bear additional cost of ₹425.62 cr in FY2024-25 due to inflation

December 10, 2024 admin

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…

Business

Food Inflation Likely To Ease In Coming Months, Says Centre’s Report

November 25, 2024 admin

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…

Nation

Justin Trudeau Says ‘Made Mistakes’ On Immigration, Plans Big Change

November 18, 2024 admin

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…

World

India’s middle class tightens its belt, squeezed by food inflation

November 13, 2024 admin

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…

Business