RBI Governor Shaktikanta Das, who is due to lead a meeting of the policy panel next month, has signalled more tightening to keep inflation from denting household spending power.
WPI inflation has remained in double digits for 8 consecutive months beginning April while retail inflation based on consumer price index rose to 4.91% as food prices went up.
The RBI monetary policy report also stated India may not be immune to deflationary pressures seen globally, adding that Covid-19 hangs over the future, like a spectre.
Finance Minister Nirmala Sitharaman’s decision to raise duties on fuel is unlikely to threaten the inflation outlook, keeping alive expectation of more rate cuts.
Prime Minister Modi has been restrained about this achievement while most politicians heading into elections would want to cheer their efforts in taming the inflation dragon.
Last 4 years have seen series of reforms, systems have been cleaned up, decisiveness has led to easier decision making and has made the economy stand out.
Indians see West Asia as one uninterrupted wash of Islam, but the reality is more complex. For the Druze, support from Israel—where they are a recognised minority—is now critical.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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