India’s retail inflation surged to a 14-month high in October, driven by high vegetable prices. A high summer harvest is expected to lower food inflation.
Haryana saw 2nd-highest inflation rate in India last month. State govt pegs it on ‘purchasing power’, opposition on ‘mismanagement’, and economists on food prices & poor supply chains.
The Australian govt will unveil the draft legislation for consultation later this year and the bill will be introduced into parliament by the end of this year.
Global demand will put more pressure on India. Forty-six countries, including Sri Lanka and Pakistan, are in need or will be needing external food assistance.
Lebanon faces worst inflation rate in the world, followed by Zimbabwe and Sudan, according to 'Trading Economics', which sources data from governments.
The uncertainty fueled by the Russia-Ukraine war is likely to force the central bank to revisit its inflation and growth forecasts at its policy meeting next month.
UP, where Modi was star campaigner, is seen as a test of PM's popularity ahead of 2024 general elections. Win could strengthen his position & allow him space to implement hard-to-sell reforms
Industry says manufacturers have 2-4 weeks of buffer stocks, but prolonged disruption could push up shortage risks, especially of consumables like IV and syringes.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
COMMENTS