Page 7 - India Inflation

Modi's guarantee a jumla, real issues are unemployment, inflation: Priyanka

Hitting out at the Centre over people seeking jobs in Israel, Congress leader Priyanka Gandhi Vadra on Tuesday said talk of five trillion dollar economy and Modi's guarantee are just a "jumla" with the real issue in the country being that of unemployment and inflation for which she claimed the BJP government has no solution. The Congress general secretary shared a video on X which showed people queuing up for a recruitment drive to send workers to Israel. In a post on X in Hindi, Gandhi said, "If there is a war situation anywhere, then first of all we rescue our citizens from there and bring them back to our country." "But today unemployment has resulted in such a situation that the government is not even saving thousands of helpless youth from taking the risk of going to war-torn Israel," she said. "This shows, that talk of things like '5 trillion dollar economy', 'two crore jobs annually' and 'Modi's guarantee' during elections is just jumla (rhetoric)," she said. Why are the yo

Inflation needs to align with target by 2nd quarter: RBI monthly bulletin

It says headline inflation must align with 4% target by second quarter

WPI-based inflation increases to 0.73% in December on rise in food prices

Positive rate of inflation in December, 2023 was primarily due to an increase in prices of food articles, machinery & equipment, other manufacturing, other transport equipment

Nine states record higher inflation than India average, shows data

While the average Indian consumer's cost of living rose by 5.69 per cent compared to the previous year, it rose 8.73 per cent in Odisha, 7.07 per cent in Gujarat and 6.95 per cent in Rajasthan

RBI continues battle against inflation; eyes on possible rate cut in 2024

For five consecutive policy reviews in 2023, the Reserve Bank of India (RBI) chose to hold rates, citing inflation threat. And when the prices did cool off a bit, it reminded all about the target to get the headline consumer price inflation at 4 per cent and the risks from food inflation. Heading into the new year, all eyes are on when RBI will cut the rates, especially after one of the Monetary Policy Committee (MPC) members stressed on the need for such an action in the face of the US Federal Reserve's guidance for easing rates. Also, some analysts point to the Consumer Price Inflation (CPI) falling below the 4 per cent mark in mid-2024 and then, there will be prospects of a rate cut. RBI Governor Shaktikanta Das, who is into the last year of his second three-year term at the helm of the central bank, has been steadfast in highlighting the need to get the inflation down to 4 per cent on a durable basis. CPI cooled off to a four-month low of 4.87 per cent in October but rose to 5.5

Objective of durably aligning inflation with target far from assured

The target for the central bank is to maintain inflation at 4 per cent, with a band of 2 per cent on either side

Expanding RBI's toolkit

Machine learning can improve inflation forecasting

Centre bans onion exports, tightens wheat stock limit to tame food prices

Maha farmers protest onion export ban; Ajit Pawar terms ethanol decision as 'sudden'

Centre imposes ban on onion exports until March 2024 to curb price surge

India had previously imposed a minimum export price of $800 per metric ton, until Dec. 31, 2023, to discourage exports, in an effort to curb surging local prices

Retail inflation for industrial workers eases to 4.45% in October

Retail inflation for industrial workers eased to 4.45 per cent in October from 4.72 per cent in September mainly due to lower prices of certain food items. Retail inflation based on All-India Consumer Price Index for Industrial Workers (CPI-IW) was 6.08 per cent in October 2022, a labour ministry statement said. Food inflation stood at 6.27 per cent in October 2023 against 6.52 per cent in the previous month and 6.52 per cent during the corresponding month (October 2022) a year ago. The All-India CPI-IW for October 2023 increased by 0.9 points and stood at 138.4 points. The CPI-IW was 137.5 points in September 2023. The maximum upward pressure in the current index came from Food & Beverages group contributing 0.68 percentage points to the total change. At item level, Wheat, Wheat Atta, Arhar Dal/Tur Dal, Cow milk, Egg Hen, Papaya, Pomegranate/Anar, Arum/Arbi, Brinjal, Capsicum, Carrot, Cauliflower, French beans, Garlic, Lady's Finger, Onion, Peas, Radish, Sugar White, Cumin ...

BJP is making 'misleading allegations' in Rajasthan poll campaign: Congress

Hitting out at the BJP, Congress leader Lokesh Sharma said on Tuesday that the policies of the Narendra Modi-led Central government have led to "skyrocketing inflation" in the country but it is blaming the Ashok Gehlot government in Rajasthan for it. Sharma said there is no substance in the BJP campaign which is based on "misleading allegations" whereas the Congress has centred its campaign on the development agenda and performance and report card of the Gehlot government. Sharma, co chairman of the PCC central war room, asserted there is a wave in favour of the Congress this time. PM Modi and BJP leaders are holding the Congress government responsible for inflation in Rajasthan but the fact is that it is the policies of the central government that have led to skyrocketing inflation in the country, Sharma told PTI. When the people were troubled due to constantly increasing fuel prices, LPG cylinder prices and inflation in the past few years and were demanding relief, Modi never ...

Jockey India licensee posts 7.3% fall in Q2 profit as inflation hits demand

India's malls and high streets saw lower footfall during the quarter as rising inflation forced people to tighten their belts.

Rural market recovery boosts consumer goods sector growth to 9%: Report

Rural markets showed continued recovery during the quarter, with sales volumes rising 6.4% from 4% in the June-quarter, the market research firm NielsenIQ said.

Is inflation is eating into your earnings? How 50/30/20 rule can help you

According to the 50/30/20 rule, you should allocate your post-tax income into three main categories: 50 per cent for basic needs, 30 per cent for wants, and 20 per cent for savings.

22% kirana owners extremely optimistic about business this festive season

The survey, conducted among 5,000 kirana owners across the country, showed that 22 per cent of kirana owners in India are feeling "extremely optimistic" about business prospects this festive season

Stocks to Watch: Infosys, HCLTech, Maruti, IDBI Bank, Tata Motors, Religare

Stocks to watch on October 13, 2023: Infosys has lowered its FY24 constant currency revenue growth guidance for a second time to 1.0-2.5 per cent from 1-3.5 per cent earlier

RBI's MPC likely to hold rates amid persisting inflation, say experts

All 38 economists in a Bloomberg survey expect the Reserve Bank of India's six-member monetary policy committee to keep the repurchase rate unchanged at 6.5 per cent for a fourth straight time

TMS Ep530: FMCG & inflation, e-gaming, real estate stocks, Cauvery dispute

Is inflation hurting FMCG companies' pockets? Can Indian e-gaming survive the tax demand? Is it time to book profit in real estate stocks? Why has the Cauvery dispute flared up again? Answers here

RBI likely to keep interest rate unchanged as inflation still high: Experts

The Reserve Bank is likely to maintain status quo on policy rates for the fourth time in a row at its bi-monthly monetary policy review meeting early next month, as retail inflation continues to remain high and the US Federal Reserve has decided to keep a hawkish stance for some more time, according to experts. The Reserve Bank had raised the benchmark repo rate to 6.5 per cent on February 8, 2023 and since then it has retained the rates at the same level in view of the stubbornly high retail inflation and certain global factors including elevated crude oil prices in the international market. The Reserve Bank Governor-headed six-member Monetary Policy Committee (MPC) meeting is scheduled for October 4-6, 2023. The last meeting of the MPC, the highest rating-setting panel, was in August. "We do expect the RBI to hold on to a status quo position this time as inflation is still high and liquidity tight. In fact, going by RBI forecast on inflation, it would be above 5 per cent in Q3 too

Sensex winning run extends to 11th consecutive session, first since 2007

Both benchmark indices at fresh highs