Page 40 - Latest Updates on Inflation
Sensex rises 235 pts, Nifty tops 17,800 in fag-end; Divis Labs zooms 10%
CLOSING BELL: Among sectors, the Nifty Pharma index leaped over 2 per cent today as India saw over 7,000 fresh cases of Covid-19
 "Sensex rises 235 pts, Nifty tops 17,800 in fag-end; Divis Labs zooms 10%")
Dollar dips ahead of key US inflation data, possible Fed rate hikes
The US dollar slipped on Wednesday ahead of a closely-watched inflation reading later in the day that will provide clues on the path of Federal Reserve interest rate hikes
 "Dollar dips ahead of key US inflation data, possible Fed rate hikes")
Oil prices rise in choppy trading with US and China inflation in focus
Brent crude futures rose 65 cents, or 0.8%, to $84.83 a barrel by 1405 GMT. US West Texas Intermediate futures rose 92 cents, or 1.2%, to $80.66 a barrel
 "Oil prices rise in choppy trading with US and China inflation in focus")
Bulls ride on bank stocks to end higher for 7th session; Sensex up 311 pts
CLOSING BELL: The Nifty50 added 98 points to end at 17,722 level
 "Bulls ride on bank stocks to end higher for 7th session; Sensex up 311 pts")
Cost inflation index for LTCG tax stands 5.13% higher in FY24 YoY
Long-term capital gains tax kicks in for listed equities if the holding period is one year, while it is two years for non-financial assets such as real estate
 "Cost inflation index for LTCG tax stands 5.13% higher in FY24 YoY")
I-T Dept notifies Cost Inflation Index for current FY for computing LTCG
The Cost Inflation Index (CII) is used by taxpayers to compute gains arising out of sale of capital assets after adjusting inflation
 "I-T Dept notifies Cost Inflation Index for current FY for computing LTCG")
Core inflation still elevated despite muted demand, easing supply situation
Some economists believe that firms are using the excuse of supply disruptions, earlier due to Covid-19 and now the Russia-Ukraine war, to increase prices, calling it 'excuseflation'
 "Core inflation still elevated despite muted demand, easing supply situation")
China's weak inflation fuels calls for ease in policy to aid recovery
While the economy has been recovering post-Covid, the figures indicate domestic demand remains weak, giving authorities space to roll out more supportive policies
 "China's weak inflation fuels calls for ease in policy to aid recovery")
Reducing inflation without raising interest rates
It is unfortunate that many see monetary policy and interest rate policy as synonyms. They are not
 "Reducing inflation without raising interest rates")
Sensex, Nifty end flat after choppy day; financials fall, Godrej Prop up 9%
CLOSING BELL: Bajaj Finance, Asian Paints, IndusInd Bank, ICICI Bank, Nestle India, HUL, Reliance Industries, HDFC Bank, Axis Bank, and SBI were the top laggards on the Sensex index
Inflation may ease in March on softening food prices, says poll
Food inflation, which accounts for nearly half of the overall consumer price basket, is expected to have moderated due to falling vegetable prices, offset in part by surging cereal prices
 "Inflation may ease in March on softening food prices, says poll")
Statsguru: Six charts show higher crude prices tend to push up inflation
The quantity of crude that India imported was 6 per cent lower in 2021-22 at 212 million tonnes compared to 2018-19
 "Statsguru: Six charts show higher crude prices tend to push up inflation")
Rolling the dice on growth
As the inflation rate declines, India has paused its interest rate hikes and there is optimism in the air that we have crossed the cyclical hump of a slowdown and should enjoy strong growth
 "Rolling the dice on growth")
FY24 kicks off a fresh cycle for Indian banking
Inflation remains a worry in the world's fifth-largest economy but, at the moment, no risk is seen for financial sector stability
 "FY24 kicks off a fresh cycle for Indian banking")
Rajasthan govt to conduct camps to highlight public welfare, relief schemes
The Rajasthan government will organise camps in urban wards and villages from April 24 to highlight its public welfare and inflation relief schemes, it said in a statement on Saturday
 "Rajasthan govt to conduct camps to highlight public welfare, relief schemes")
India's food inflation bites harder as risks build for global supplies
Its average citizen is more affected than people in peer economies
 "India's food inflation bites harder as risks build for global supplies")
Household inflation expectations moderate, consumer confidence grows: RBI
The survey showed that household spending was buoyant on the back of higher essential and non-essential spending
 "Household inflation expectations moderate, consumer confidence grows: RBI")
Reserve Bank of India goes for a hawkish pause
The RBI has paused because it wants to evaluate the cumulative impact of the past rate hikes
 "Reserve Bank of India goes for a hawkish pause")
Inflation kept at 6% or below despite adverse circumstances, says FM
Finance Minister Nirmala Sitharaman welcomes RBI decision, says it has taken a 'good call'
 "Inflation kept at 6% or below despite adverse circumstances, says FM")
A prudent comma, not a myopic full stop!
The RBI has not used the word stickiness in its policy statement while characterising core inflation, but instead used "unyielding core inflation"
 "A prudent comma, not a myopic full stop!")