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Retail inflation declined to 6.83 per cent in August compared to July, mainly due to easing food prices, according to official data. The Consumer Price Index (CPI) based inflation was at 7.44 per cent in July and at 7 per cent in August 2022, as per the data released by the National Statistical Office (NSO)…
Read More “Retail Inflation Eases To 6.83% In August From 7.44% In July” »
RBI Governor Shaktikanta Das speaks at the Delhi School of Economics Diamond Jubilee Distinguished Lecture, in New Delhi, on Sept. 5, 2023. | Photo Credit: PTI Reserve Bank Governor Shaktikanta Das on Tuesday said the central bank is committed to bringing down inflation to 4% and will remain watchful of risks as more frequent global…
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The cost of a home-cooked vegetarian thali in Mumbai has increased by 65% in the last five years. At the same time, the average wage earned by a casual labourer working in urban Maharashtra has increased by only 37% and that of a salaried worker has increased by 28%. This disparity between wages/salaries and expenditure…
Maharashtra Minister Dada Bhuse. File | Photo Credit: Vivek Bendre Amid protests by farmers and traders against the Centre’s decision to impose 40% export duty on onions, Maharashtra Minister Dada Bhuse has claimed it would make no difference if people did not consume the staple vegetable for two to four months. The State PWD minister,…
The retail inflation touched a 15-month high of 7.44% in July, a spike from 4.87% in June. File | Photo Credit: PTI The government expects vegetable prices to start cooling off from next month with the advent of new crops in the market, but rising crude oil prices is a concern even though it is still…
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A vendor weighs tomatoes for a customer at a vegetable market in Ahmedabad on July 25, 2023. | Photo Credit: Reuters India’s retail inflation may have spiked close to or over the 6% upper tolerance threshold of the Reserve Bank of India (RBI) in July, owing to a broad-based uptick in food prices, and could…
Read More “Rising food prices may undo recent respite from inflation” »
The Centre started to sell tomatoes at a discounted rate of ₹90 per kg in Delhi-NCR through mobile vans. | Photo Credit: Sandeep Saxena The Centre will sell tomatoes at ₹80 per kg from July 16, as against ₹90 per kg earlier, to provide relief to people from high prices of the key kitchen item…
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Under the scheme, the Karnataka Government has promised to provide 10 kg of food grains/rice to every member of a Below Poverty Line (BPL) household and Antyodaya card holders every month. | Photo Credit: K.R. Deepak Amid a political slugfest over the discontinuation of the sale of rice and wheat from the Central pool to…
Union Finance Minister Nirmala Sitharaman addresses a press conference on Union Budget 2023-24, in Jaipur on February 20, 2023. | Photo Credit: PTI The measures like increased capex, boosting the green economy and initiatives for strengthening financial markets announced in the Budget 2023-24 are expected to promote job creation and spur economic growth, the Finance…
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Labourers loading wheat at APMC wholesale market outskirts of Ahmedabad on May 17, 2022. | Photo Credit: Vijay Soneji The Centre has amended its wheat export ban order of May 13 to allow export consignments that were registered in the Customs Department’s systems and handed over for examination on or prior to May 13 to…
