Page 46 - Inflation

Policy dilemma

Central banks must focus on inflation

Unprecedented spike in inflation spurs calls for urgent data revision

Consumer prices rose 6.44% in February, breaching the Reserve Bank of India's target ceiling

Inflation: Central banks can't fix the mess that politicians have created

Only politicians can fix the problem because, contrary to public belief, it is they who create money, not central banks

Manufacturing output in IIP still shows weakness as headline numbers grow

One reason for decline is muted domestic demand, particularly in rural areas due to high inflation

Inflation and business pressure weigh on India Inc growth, says S&P

Along with Brazil and Japan, the S&P Global India business activity net balance slipped to 21 per cent in January

Retail inflation eases marginally to 6.44% in February from 6.52% in Jan

Retail inflation: his is lower than 6.52 per cent in January but still above the Reserve Bank of India's upper tolerance limit of 6 per cent

Inflation expected to come down over the year: RBI MPC member Ashima Goyal

Inflation is expected to come down over the year, RBI Monetary Policy Committee (MPC) member Ashima Goyal said on Sunday, asserting that the government's supply-side action coordinated with a flexible inflation-targeting regime has kept the rate of price rise lower than that in other countries. Goyal said that India has successfully dealt with 'pluri-shocks' over the past three years, showing considerable resilience. "Inflation rates are expected to come down over the year. "Government supply-side action coordinated with a flexible inflation targeting regime has kept Indian inflation rates lower than other countries and our own past averages even in this period of major adverse external supply shocks," she told PTI in a telephonic interview. She was asked whether high inflation become the norm in India. "Since nominal policy rates rise with inflation to maintain an expected real positive rate under inflation targeting this prevents demand over-heating and anchors inflation ...

LIVE: Some constantly questioning India's democracy, says PM in Karnataka

Catch all the latest updates from across the globe here

An anti-government protest in Czech Republic capital draws thousands

Thousands of people in the Czech Republic rallied against the government Saturday, protesting high inflation and demanding an end to the country's military support for Ukraine. A new political group, PRO, organised the rally at Prague's Wenceslas Square as an anti-poverty event. As participants called on the coalition government to resign, party leader Jindrich Rajchl said they want a government to care first of all about the interests of the Czech citizens. His group, whose name translates in English to Law, Respect, Expertise, blames the European Union for soaring energy prices. Inflation slightly dropped to 16.7% in Czechia in February from 17.5% a month earlier. PRO also wants the Czech government to stop taking actions that are intended to reduce misinformation and fake news. Ukraine was a key issue at Saturday's demonstration, where the crowd called for a peaceful solution to the war. Some people had the letter Z, a symbol of the Russian military, on their bags. Stop the war

Sensex drops 671pts, Nifty nears 17,400 in broad sell-off; bank stocks tank

CLOSING BELL: The Nifty PSU Bank index declined 2.2 per cent, while the Nifty Bank and Private Bank indices fell 1.8 per cent each

Rising costs by inflation force UK govt to delay major rail project

The UK has announced a two-year delay to parts of a new high-speed rail link between London and northern England, citing escalating costs caused by inflation

India's inflation seen easing slightly in Feb, still above RBI target: Poll

Rises in food prices, which account for nearly half of the Consumer Price Index (CPI) basket, likely moderated last month

How 'excuseflation' is keeping prices and corporate profits high

The key question is, in an economy where the consumer continues to spend freely, how sticky this 'excuseflation' proves to be

Sensex snaps 3-day winning run, falls 542 pts; Nifty gives up 17,600

CLOSING BELL: M&M (down 3 per cent), RIL (down over 2 per cent), Bajaj Finserv, ICICI Bank, Maruti Suzuki, Tata Motors, Tech M, Bajaj Finance, TCS, ITC, Titan, and SBI were the top Sensex laggards

Biden to urge 25% billionaire tax, levies on rich investors & corporations

Biden's budget request to Congress, which is slated to be released Thursday, calls for a 25% minimum tax on billionaires, according to a White House official familiar with the proposal

Rupee slips, bond yield jumps to 4-month high on hawkish Fed signals

So far in 2023, the yield on the 10-year bond has jumped 12 basis points (bps)

India is not immune to the stagflation that felled its neighbours

Not much help is expected from the global economy. Financial conditions are tight almost everywhere, and demand tepid

Inflation not bothering BJP as big industrialists belong to them: Akhilesh

"LIC has lost its money, State Bank has lost its money. Today, citizens want to know if legal actions will be taken against the accused," questioned the SP chief

A suggestion to the IMF on inflation

Standard policies towards inflation have not helped. It is important to think out of the box

Sensex up 415 pts, ends above 60K; Nifty tops 17,700; IT, auto stocks rally

CLOSING BELL: Tata Motors, NTPC, Power Grid, Infosys, Bajaj Finserv, Asian Paints, RIL, ITC, HDFC, Wipro, TCS, Axis Bank, HUL, and HCL Tech were the top Sensex gainers today