Page 41 - Inflation

Soaring milk prices may become a hurdle in Modi govt's inflation fight

"In terms of the outlook for this year, we believe that milk prices will continue to increase, since there is a shortage of milk heading into the peak demand season," said an economist

Top Headlines: India's smartphone exports, soaring milk prices and more

Business Standard brings you the top headlines at this hour

Retail inflation falls to 15-month low in March on easing price pressure

Industrial output rose to 3-month high in Feb

Normal monsoon key but not the only factor to keep inflation under control

Developments such as Covid-induced lockdowns and the Russia-Ukraine war have also played a crucial role in keeping the inflation rate elevated

India's March retail inflation eases to 5.66%, lowest since December 2021

According to govt data, urban inflation in March was 5.89%, while rural inflation was 5.51%

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

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

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

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

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

I-T Dept notifies Cost Inflation Index for current FY for computing LTCG

The Income Tax Department has notified the Cost Inflation Index for the current fiscal beginning April 2023, for calculating long-term capital gains arising from sale of immovable property, securities and jewellery. The Cost Inflation Index (CII) is used by taxpayers to compute gains arising out of sale of capital assets after adjusting inflation. The Cost Inflation Index for FY 2023-24 relevant to AY 2024-25 stood at 348, as per a notification of the Central Board of Direct Taxes (CBDT). Usually, the income tax department notifies CII in the month of June. The CII number for last fiscal was 331 and for 2021-22 financial year it was 317. AMRG & Associates Senior Partner Rajat Mohan said the CII would help taxpayers to compute long-term capital gains tax enabling them to remit advance tax on time. "This year's cost of inflation index is notified 3 months earlier by the tax department as compared to last fiscal year. Taxpayers can now precisely and accurately compute tax on ...

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'

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

Reducing inflation without raising interest rates

It is unfortunate that many see monetary policy and interest rate policy as synonyms. They are not

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

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

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

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

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. Along with the 'Prashashan Shehro-Gaon Ke Sang' campaign, inflation relief camps will be organised in villages and cities from April 24 to June 30. At the camps, the general public and the deprived sections will be linked to the schemes based on their eligibility. The camps, which will be organised in 11,283 gram panchayats and 7,500 urban wards, will include special inflation relief camps. Permanent inflation relief camps will also come up at 2,000 locations, including state-run hospitals, gas agencies, bus stands, major markets, shopping malls, government offices and public places. On Saturday, Chief Secretary Usha Sharma held a meeting at the secretariat regarding the camps and gave necessary instructions on their conduct.