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.
Research paper, however, finds lowest indebtedness level among Muslims at 12.3% & highest among Hindus at 14.9%. Overall national financial inclusion level at 87.2%, indebtedness at 14.7%.
Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.
On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.
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