Page 3 - Indian Inflation

Hawkish Fed may prompt Reserve Bank to deliver a 50-basis-point hike

The RBI's monetary policy committee (MPC) has already hiked the key policy rate by 140 bps since May to 5.4%

Reducing govt spending holds the key to fixing India's inflation worries

If the finance ministry wants private investment to revive, it must make things easy for it and resist the temptation to go on spending just because it can

Cooperative sector happy with Centre's decisions, says FM Sitharaman

Union Finance Minister Nirmala Sitharaman on Saturday said the representatives of the local cooperative sector were "extremely happy" with the various steps taken by the Centre for their benefit. The minister was speaking to reporters after concluding her three-day tour of the Baramati Lok Sabha constituency in Pune district. Those who exploited the cooperative sector for political gains never thought of creating a separate ministry for it, and it was Prime Minister Narendra Modi who set up the cooperative ministry, she said. Notably, Baramati is the home-turf of NCP chief Sharad Pawar, the former Union agriculture minister whose party has a significant presence in the cooperative sector. "I had a meeting with the representatives of different cooperative institutions such as banks and sugar (mills) and they are extremely happy and there were claps after claps for various steps being taken such as relief to be given to them, taxation concession that was extended, waiving of the long

Retail inflation in Sept to rise to five-month high at 7.4%: Deutsche Bank

India's headline retail inflation is expected to rise to a five-month high of 7.4% in September, with the risk of going higher if the momentum of food and vegetable prices picks up further in the rest

Indians optimistic on growth outlook amid high inflation: EY study

They are shifting to new brands in search for value, says multi-nation survey

Shortfall in Kharif output may keep rice prices at elevated levels

A 6-7 million tonnes shortfall in rice production due to a fall in paddy sowing area is likely to keep rice prices at elevated levels, adding to the inflationary pressure that the slowing economy is already grappling with. Elevated food prices, including that of cereals, had led to retail inflation reversing a three-month declining trend, to touch 7 per cent in August. Similarly, the wholesale price inflation, which declined to 11-month low, also showed price pressures from cereals resulting from wheat output being impacted by severe heat waves in some parts of the country. In addition to this, expectation of a lower paddy output - conservative by government estimates and higher if outside experts are to be believed - will keep inflationary expectations higher, experts and analysts believe. Erratic June-September rainfall and delayed withdrawal of South-West monsoon rains have added to concerns over paddy crop. India's rice production during the 2021-22 crop year, ended June, stoo

Amid high inflation, surge in services demand helps steady India's economy

The indicators showed sentiment in the services sector -- which accounts for over 50% of the $3.2 trillion economy -- was upbeat, tax revenue were robust and demand for loans high.

India in better position to tackle growth, inflation challenges: CII Prez

India is in a much better position to deal with the challenges related to growth and inflation, said Sanjiv Bajaj, President of industry body CII. According to official figures, India's retail inflation continues to remain above the Reserve Bank's tolerance level of 6 per cent since January, while the economic growth in the first quarter of the fiscal was 13.5 per cent, lower than the central bank's estimate of 16.2 per cent. "I don't want to say we don't have our own challenges with growth, with inflation but we are in a much better position and credit must go to everybody including the central and state governments. I don't see economic growth as an issue," Bajaj, who is also the CMD of Bajaj Finserv, told PTI. Tata Steel Managing Director and CII's former President T V Narendran also spoke to PTI and appreciated the efforts undertaken by states to attract investments. "There are complexities to solve but ... I feel the environment is encouraging investments, encouraging growth,

India inflation rate likely rose to 6.9% in August, says Deutsche Bank

The risks to food inflation persist with negative seasonality kicking in for the September-November period, the bank said

'Must provide jobs to those not well-educated to go beyond freebies'

Harvard Business School professor Christian Ketels says it isn't useful to think of manufacturing versus services jobs; a range of sectors need to be mobilised for job creation

India's economic indicators give conflicting signs of recovery in July

Demand for Indian goods and services softened, a cross-section of high-frequency indicators compiled by Bloomberg News showed

Is India ahead of 'unacceptably and uncomfortably high' phase of inflation?

The state of the economy report authored by RBI staff said the fall in the inflation rate in July was a heartening development

India's July WPI inflation eases to 13.93% as food, fuel prices decline

Wholesale Price Index-based (WPI) inflation was 15.18 per cent last month and at a record high of 16.63 per cent in May. It was 11.57 per cent in July 2021

Rahul Gandhi, Priyanka Vadra, other Congress leaders detained amid protest

Congress MPs including Rahul Gandhi were detained at Police Lines Kingsway Camp during their protest against the Centre

'You have increased prices immensely': Six-year-old girl writes to PM Modi

In the letter that has gone viral on social media, Kirti Dubey wrote that she had gone to a shop to buy Maggi but was sent back by the shopkeeper

Ikea India increases prices of some products as inflation bites

'We have done some adjustments where it's possible, and we have protected (price points) to be affordable at lower prices'

Top Headlines: Inflation impact on India Inc profit, new SEZ law, and more

The early-bird results for the April-June 2022 quarter hinted at a decline in earnings, even as corporate revenue continued to grow at a fast clip

Monsoon session: Opposition protest leads to adjournment of both Houses

Agitating MPs wanted all other businesses to be put aside to discuss price rise, inflation and rupee depreciation

22 states, UTs see rise in inflation, despite marginal reduction overall

Lakshadweep was the only UT where the urban inflation rate was in double digits in June

From IIP to inflation: Here's a status check on the Indian economy

A significant jump in IIP growth indicates economic recovery. Also, is the recovery sustainable given the raging inflation and adverse global geopolitical conditions?