Stay Connected. Stay Informed.
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” »
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…
Read More “RBI committed to bring down inflation to 4%; watchful of price risks: Governor Das” »
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…
Read More “Vegetable prices likely to cool down next month, says Finance Ministry” »