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The spike in food prices has kept the Reserve Bank of India (RBI) worried even though overall inflation has moderated to a certain extent. On April 5, the Central bank’s Monetary Policy Committee decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50%. This is the seventh time that…
Image for representation purpose only. FIle | Photo Credit: PTI India’s manufacturing sector activity surged in March with new orders and output levels rising at the fastest pace since October 2020, lifting the HSBC India Manufacturing Purchasing Managers Index (PMI) to a 16-year high of 59.1 from 56.9 in the previous month. A reading of…
Coming after a 11-year hiatus, the latest Household Consumption Expenditure Survey findings based on surveys conducted between August 2022 and July 2023, shall feed into a possible review of the Consumer Price Index. | Photo Credit: The Hindu India’s headline inflation is expected to trend down creating more room for monetary and fiscal policy to…
Read More “With food spends down in the country, growth may get leg-up” »
High inflation will dog the world economy next year, with three-quarters of over 200 economists polled by Reuters saying the main risk is that it turns out higher than they forecast, suggesting interest rates will also remain higher for longer. Several central banks are still expected to begin cutting interest rates by the middle of…
Read More “Inflation to dog world economy next year, postponing rate cuts” »
Oil pump jack is seen in front of displayed Israeli flag in this illustration taken, October 8, 2023. | Photo Credit: Reuters A protracted Israel-Hamas conflict could spur oil prices beyond India’s comfort zone and even if the government holds retail fuel prices ahead of critical elections, wholesale prices may spike and a higher import…
Army says officer injured in ‘grenade accident’ at a post in J&K’s Rajouri The Army on October 5 evening said one officer has been injured in a likely grenade accident at a post in Jammu and Kashmir’s Rajouri sector. “The officer was evacuated and stable post initial treatment. Further investigation of the incident in progress,”…
Workers in technology have been particularly hard hit. Companies are trimming their budgets for merit raises next year, a sign of belt-tightening that could surprise some employees who had enjoyed two straight years of increases. US employers surveyed by Aon Plc, which compiles compensation data on more than 5,500 employers, said merit raises will…
Read More “Salaries Likely To Shrink In 2024 As Companies Trim Their Budget” »
A policy brief argued for a rational trade policy to contain food inflation which takes into account both consumers and producers. | Photo Credit: TRAVELLINGLIGHT A policy brief issued by the Indian Council for Research on International Economic Relations said that the recent steps taken by the government to curb inflation, such as wheat and…
Read More “Export bans and stocking limits: are they working? | Data” »
Inflation in food articles remained in double digit at 10.60% in August, lower than 14.25% in July. File | Photo Credit: Mohammed Yousuf India’s wholesale prices remained in deflationary mode for the fifth month in a row in August but the decline in prices eased to -0.52% from -1.36% in July, even as inflation in…
Read More “Wholesale inflation remains in negative for fifth month at -0.52% in August” »
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” »