Page 12 - India Inflation

Govt keeping eye on inflation, WPI fallen to 21-month low: FM in Parliament

Finance Minister Nirmala Sitharaman on Wednesday said the government is keeping an eye on inflation which is purely "extraneous" nowadays because of fuel and fertiliser prices. Replying to the debat on the Supplementary Demands for Grants in the Rajya Sabha, the minister said wholesale inflation has fallen to a 21-month low. Later, the Rajya Sabha returned the Supplementary Demands for Grants to the Lok Sabha, thus completing the process of authorising the government to spend an additional Rs 3.25 lakh crore in FY2022-23. Retail inflation based on consumer price index which remained above the Reserve Bank's tolerance level of 6 per cent since January this year has declined to 5.88 per cent in November. The minister also said private investment capex is taking place in India because of favourable policies like PLI and cited few examples. Sitharaman also stressed that the supplementary demand for grants is essentially for food security, fertiliser requirements and providing support

Irdai advises firms about minimum rate rule for reinsurance treaties

Regulator's instruction is about burning or break-even cost calculated to estimate the expected losses for a policy

Sum total of all your EMIs should not exceed 40% of your net income

Make sure buying a house will not lead to compromises on other crucial financial goals

Rice, wheat inflation continue to rise contrary to overall inflation

The retail inflation rate in wheat rose to 19.67 per cent in November from 17.64 per cent in October

WPI inflation eases to 21-month low as pricing pressure softens in November

Fruits and vegetables, protein-rich items such as eggs, meat and fish drag down prices; Core inflation eases for seventh consecutive month to 3.5%

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CPI inflation eases to 11-month low of 5.9% in November; IIP contracts

Core inflation inches up; manufacturing activity declines

India's Nov retail inflation eases below 6% for the first time this year

India's annual retail inflation eased below its central bank's upper tolerance level for first time this year in November, on the back of softer rise in food prices, easing pressure on policymakers

India inflation likely softened to nine-month low in November, shows poll

Inflation has stayed above the upper end of the Reserve Bank of India's 2%-6% tolerance band all year and this has triggered 225 basis points of interest rate rises to the repo rate so far

MPC ups inflation projection for Q3 and Q4, keeps it at 6.7% for full FY23

Panel cuts economic growth forecast by 20 bps to 6.8% for the year; Q3 lowered by 20 bps and Q4 by 40 bps

Remarkably resilient: World Bank ups FY23 India growth forecast to 6.9%

Says strong macro fundamentals place country in good stead

Opposition demands talks on inflation, EWS during all-party meet: Report

In the all-party meeting on Tuesday, Opposition parties demanded discussions on price rise, unemployment and Economically Weaker Section (EWS) quota among other issues, sources said. Leaders from all major parties attended the meeting convened by the central government to discuss the legislative agenda and the issues likely to be discussed during the the Winter Session of Parliament that begins on December 7. The government was represented by Union minister and deputy leader of the BJP in Lok Sabha Rajnath Singh and Leader of House in Rajya Sabha Piyush Goyal. Parliamentary Affairs Minister Pralhad Joshi was also present. During the meeting, Congress president and Leader of Opposition in Rajya Sabha Mallikarjun Kharge demanded a discussion on the appointment of election commissioner in just one day, EWS quota and unemployment. TMC leader Derek O'Brien sought discussions on price rise, unemployment, alleged misuse of agencies and economic blockade of states, sources said. O'Brien a

Cooling prices give Reserve Bank of India space to slow interest-rate hikes

Das will announce the rate decision through a webcast at 10 am in Mumbai on Wednesday, and will address a press conference at 12 pm.

UK firms expect to raise prices 6% in 12 months, see inflation lingering

Inflation pressures in the UK economy showed only limited signs of abating in November, with companies expecting to raise prices by 5.7% in the coming 12 months

Manufacturing PMI rises to 55.7 in Nov as factory activity hits 3-mth high

India's factory activity expanded at its fastest pace in three months in November, a private survey showed, signalling resilient demand despite

Agriculture, allied activities clock a buoyant 4.6% growth in 2nd quarter

Gross value added (GVA) for agriculture, forestry and fishing during the comparable period of last year was 3.2 per cent

RBI MPC blames global factors for high inflation in letter to Centre

The war in Ukraine and resultant spurts in energy and food costs, and supply disruptions caused by the pandemic are among main reasons cited by RBI for high inflation

We should see core inflation dipping: RBI MPC member Ashima Goyal

Core inflation is calculated by largely stripping away the volatile components of food and fuel. Goyal was referring to certain products that have linkages with oil prices

Monetary policy faces severe information constraints: RBI DG Patra

The moment inflation is released by NSO, it gets hit by unanticipated shocks, says RBI Deputy Governor Michael Patra

OECD cuts India FY23 GDP forecast to 6.6% on slowdown at home, global fears

Says India is set to be second-fastest growing G-20 economy in FY23, despite decelerating global demand and tightening of monetary policy to manage inflationary pressures