The finance minister said that the 'obsession to use interest rates as the only tool to deal with inflation and not manage the supply-side factors will not give a complete solution'.
Although core inflation in India remains elevated, steady easing over the last few months indicates that monetary policy transmission is happening, Shaktikanta Das said.
While vegetable prices are surging across board, govt data shows rate of tomatoes, onions & potatoes have seen highest spike since May this year. Notification says duty to remain until 31 Dec.
Food has an outsized weightage in Consumer Price Index, but education and health too little. This is because CPI is based on spending patterns of 'average Indian' from 12 years ago.
India's retail inflation in July rose to 7.44%, its highest in 15 months, breaching the RBI's upper tolerance level of 6% for the first time since February 2023.
The burger chain joins many McDonald's and Subway stores that have removed tomatoes from menus as the country's food inflation this week hit its highest since January 2020.
Tomatoes still cost about Rs 110 per kg on average, but government measures and the influx of the kharif crop this month could take prices out of the red.
From Mughal ports to Dutch wars to Bombay’s merchant dynasties, Gujarati Muslims once shaped the Indian Ocean world — long before one of their descendants took New York.
While main elements behind terror module have been nabbed, more arrests will take place, including some professors & academicians who were part of the ring, it is learnt.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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