Congress leader Rahul Gandhi expressed concern on Sunday over India’s GDP growth rate declining to its lowest in two years and said the country’s economy cannot progress as long as a handful of billionaires accrue its benefits. He said a new thinking is required for India’s economy and a new deal for businesses should be … Read more
Last Updated:November 14, 2024, 17:23 IST On November 6, the average wholesale onion price at Lasalgaon APMC hit Rs 5,656 per quintal, marking a five-year high last seen in December 2019 On Wednesday, the minimum and maximum wholesale prices of onion at Lasalgaon APMC were recorded at Rs 3,951 and Rs 5,656 per quintal, respectively. … Read more
Official CPI inflation data for June 2024 has been released. Retail Inflation in June 2024: India’s CPI inflation in June 2024 stood at 5.08 per cent; IIP growth rose to 5.9 per cent in May 2024 as against 5 per cent in the previous month of April. Retail Inflation in June 2024: Retail Inflation in … Read more
Last Updated: May 13, 2024, 18:26 IST The government has tasked the Reserve Bank to ensure inflation remains at 4%. (Representative image) Inflation in the food basket was at 8.70 per cent in April, marginally up from 8.52 per cent in March, according to the data released by the National Statistical Office (NSO) Retail inflation … Read more
A similar easing was recorded in pulses, whose prices rose 17.7% in March, 2024, from 18.5% in February. | Photo Credit: Sushil Kumar Verma India’s retail inflation moderated to a ten-month low of 4.85% in March from 5.1% in February, but food inflation remained sticky at 8.52%, little changed from the 8.66% recorded in the … Read more
New Delhi: India’s industrial production growth slowed to 3.8 per cent in January, while the February retail inflation at 5.09 per cent remained within the Reserve Bank’s comfort zone for the sixth straight month, according to the latest government data. Growth in factory output, based on the Index of Industrial Production (IIP), slowed to 3.8 … Read more
“That’s what the Reserve Bank of India [RBI] also keeps saying… that food inflation is spiking, sometimes in onions, sometimes in vegetables, sometimes in pulses.” | Photo Credit: K. Ragesh India’s headline inflation is expected to trend down creating more room for monetary and fiscal policy to focus on spurring growth rather than fret over … Read more
Published By: Mohammad Haris Last Updated: December 12, 2023, 18:02 IST Official inflation data for November 2023 has been released. Retail Inflation In November 2023, IIP in October 2023: Though the 5.55 per cent CPI inflation is far from the RBI’s medium-term target level of 4 per cent, it is within the tolerance limit of … Read more
.JPG "Retail inflation is stable now, asserts Finance Minister Nirmala Sitharaman")
Union Finance Minister Nirmala Sitharaman. | Photo Credit: K.V.S. Giri The country’s consumer price inflation is now “stable” and within the official tolerance band of 2% and 6%, Finance Minister Nirmala Sitharaman conveyed to the Lok Sabha on Monday, attributing the weakening price rise pressures largely to a steady drop in core inflation. “India’s retail inflation … Read more
