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.
On paper, the 21-point plan looks balanced—Palestinian governance, international oversight, reconstruction pledges. But in reality, it is a non-negotiable diktat.
As many as 21 policy reforms are under implementation following Invest Kerala Global Summit, as LDF govt works to change perception that the state is not conducive to businesses.
Company builds microsatellites that are smaller, faster, cheaper to produce. ICEYE will develop & launch micro-satellites, hand them over to India, which will have full control & sovereignty.
What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.
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