In the US, a resilient labor market is keeping the Federal Reserve on alert as Trump's policies and threats drive bond yields higher
Finance Secretary Tuhin Kanta Pandey on Tuesday said the government has taken measures to lower fiscal deficit and delivered a non-inflationary Budget, and hoped that the RBI's monetary policy will work in tandem with fiscal policy to support growth. He also said that although rupee depreciation increases inflation on imported inputs, it also adds to export competitiveness. Pandey said that the government has bettered its fiscal deficit projections for the current fiscal as well as the next. The fiscal deficit for FY'25 has been pegged lower at 4.8 per cent of GDP, lower than budgeted 4.9 per cent, while for FY'26 the deficit is projected to be 4.4 per cent, lower than what was given in the consolidation roadmap. "It is very important to be very clear that we (government) have to remain within a certain fiscal regime. We have, to that extent, aided the monetary authorities to say that if they (RBI) have to do what they have to do, we are supportive. The fiscal policy and monetary ..
Supermarkets stepped up promotions in January, Tesco gains most market share in 12 weeks to Jan 26
Among precious metals, gold prices are expected to decrease, while silver prices are forecast to rise
Analysts observed that Tata Consumer Products faced margin pressures primarily due to inflationary tea prices but continued to post robust volume growth across its beverage and food segments
It was the fifth ECB rate cut since June and markets expect two or three more this year, driven by arguments that the biggest inflation surge in generations is nearly defeated
By easing supply-side constraints and using counter-inflationary tariff policy, the finance ministry can ensure prices remain in check
The decade was also marked by the so-called "Star Wars". This was an American effort to bankrupt the USSR by pretending to develop space-based weapons
India will comfortably maintain a 6-8 per cent economic growth rate while keeping inflation under check in the years to come, senior Union Minister Ashwini Vaishnaw said on Thursday. Speaking at a session during the World Economic Forum Annual Meeting here, the minister said inclusive growth remains a key pillar of the country's economic blueprint, alongside continued focus on manufacturing, services and simplification of laws. Inclusive growth has been a key reason for Prime Minister Narendra Modi coming back for a third term as he ensured that the benefits of the economic growth reached every section of society, the minister for railways, information and broadcasting, and electronics and information technology said. Vaishnaw said the talent available in India is unmatched across sectors and the world today trusts India because of its policies. Companies are shifting their factories and value chains to India, he added. Speaking at the same session, industrialist Sanjiv Bajaj said
Retail inflation for farm and rural workers eased to 5.01 per cent and 5.05 per cent in December from 5.35 per cent and 5.47 per cent, respectively, in November 2024. The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) remained unchanged for December 2024 at 1,320 and 1,331 points, respectively, a labour ministry statement said. According to the statement, the CPI-AL and CPI-RL were 1320 points and 1331 points, respectively, in November 2024. The year-on-year inflation rates based on CPI-AL and CPI-RL for December 2024 were recorded at 5.01 per cent and 5.05 per cent, respectively, compared to 7.71 per cent and 7.46 per cent in December 2023, it added. The corresponding figures for November 2024 were 5.35 per cent for CPI-AL and 5.47 per cent for CPI-RL.
The benchmark BSE Sensex declined by 6.5 per cent between January and August 2013, after rising 29 per cent between December 2011 and January 2013
The inflation projection of the MPC will need to factor in such possibilities, which will not be easy, given the level of uncertainty
Rural areas experienced higher food inflation at 8.65 per cent, while urban regions saw a slightly lower rate of 7.9 per cent during the month
The appeal of freebies becomes clear in the backdrop of economic distress, highlighting the financial struggles of the lower middle class and the poor in India
The impact of the jobs report on US rate cut prospects also raised the stakes for consumer price figures
Investors will take cues from the December quarter corporate earnings, with blue-chips like Infosys, Reliance Industries scheduled to report their results this week, in addition, inflation data and trading activity of foreign investors will also be crucial in dictating market trends, analysts said. Movement of crude oil prices and the dollar index will also be tracked by investors. The strengthening of the US dollar, along with rising US bond yields, impacted investors' confidence last week. "The Indian equity markets are poised for a volatile week ahead, as investors eagerly await the release of Q3 earning reports from major companies. "Prominent names such as Infosys, Reliance Industries, HCL Technologies, HDFC AMC, HDFC Life Insurance Company, and Axis Bank are set to unveil their financial performance, which is likely to significantly impact market sentiment," Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd, said. Adding to the market's dynamic, a tug-of-war ...
Malhotra, who took charge last month, is asking the RBI's internal teams to include new datasets, analysis and projections in their inflation and growth forecasts
The annual consumer price inflation rate rose to 2.9 per cent, higher than the 2.6 per cent forecast by analysts
The report notes that this decline in the rural poverty ratio is due to higher consumption growth in the 0-5 per cent decile
From continuing energy market volatility driven by geopolitical tensions to the AI boom transforming industries, economic trends have been anything but predictable