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The government might breach the fiscal deficit target this financial year amid drop in the revenue mobilisation and expected additional expenditure by the government, says a report. According to Dun & Bradstreet's Economy Forecast, the need for fiscal stimulus has increased even as the government finances remain "strained". "We expect that the drop in the revenue mobilisation of the government and likelihood of additional expenditure by the government might breach the fiscal deficit target in FY20," Dun & Bradstreet India Chief Economist Arun Singh said. The government has set a 3.3 per cent fiscal deficit target for the current fiscal. Singh further added that given the resources constraints, increase in fiscal deficit might lead to crowding out of private investments. According to the report, corporate liabilities are already higher. The balance-sheets of corporates, government, banks and households remain constrained or weak and revenue collection will play an important ...
The core inflation rate (that seen in manufactured items sans food products) continued to be negative, at minus 1.7 per cent.
The annual inflation, based on monthly wholesale price index (WPI), was at 4.47 per cent during the same month a year ago
The previous low was in June 2016, when inflation was negative 0.1 per cent. Deflationary pressure on manufactured product prices
The CPI food inflation rate rose to 5.11 per cent in September
The annual rate of inflation, based on monthly wholesale price index (WPI), was at 5.22 per cent in September 2018
Food inflation rises, but core turns into deflation, prompting rate cut hope
In August 2018, the WPI had risen to 4.62%
The government data said inflation in food articles was 6.15 per cent in July as against 6.98 per cent in the previous month
Inflation rate in food items remained elevated even as it inched down to 6.15 per cent in July
Data, released by the government last week, showed that the CPI inflation rate, in fact, rose to an eight-month high of 3.18 per cent in the month
The Wholesale Price Index (WPI)-based inflation was at 2.45 per cent in May. It was 5.68 per cent in June 2018
The Wholesale Price Index (WPI)-based inflation was at 3.18 per cent in March. It was 3.62 per cent in April 2018
Inflation in food articles hardened with a steep rise in prices of vegetables during March 2019
Economists are not sure whether it is an effect of rise in the minimum support price or drop in rabi sowing acreage
The trend is in line with the consumer price inflation rate, which declined to a 19-month low of 2.05 per cent in January from 2.11 in December
December food inflation rose to to 0.07 per cent as compared to -1.96% month on month (MoM)
November was the fifth month in a row when prices of food items kept declining
November food inflation also saw a drop to -1.96% as compared to -0.64% MoM