RBI MPC member Ashima Goyal: As India develops, problem of high food inflation will get less severe

The problem of high food inflation will be “less severe” in India going ahead, as modern supply chains with diversified sources can help quickly address sudden spikes in prices of specific food items, RBI Monetary Policy Committee (MPC) member Ashima Goyal said on April 25. Stressing that the share of food in the household budget … Read more

PM talking up transformative GDP but what matters is annual growth rates over longer period: Congress

NEW DELHI: The Congress on Sunday said Prime Minister Narendra Modi and finance minister Nirmala Sitharaman are “repeatedly talking up” transformative GDP growth based on the recent July-September numbers but what matters more is annual growth rates over a longer period.Annual average GDP growth rate during the UPA government was 8.1 per cent against 5.4 … Read more

India fastest growing major economy; now capable of creating positive impact on growth of others: Rajnath Singh | India News

NEW DELHI: India has showed that there is no irreconcilable trade-off between growth and distributive justice, and the government is making all efforts to further boost the country’s position as a growth engine, defence minister Rajnath Singh said on Saturday.In an address at the annual general meeting of FICCI, Singh said India, as the fastest … Read more