The Economic Survey, which was recently presented in Parliament, also estimated headline inflation for FY26 at 4.2%, while for the current fiscal, it is expected to be around 4.8%.
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.
India will have a growth rate of 6.5 per cent to seven per cent in 2022-23, which is considered to be good despite a high inflation rate of 7.4 per cent, V. Anantha Nageswaran said.
Shaktikanta Das also said the RBI has been supplying US dollars to the market to ensure adequate supply of liquidity, days after rupee touched 80 against the dollar.
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.
Fifteen operators across 9 countries have inquired about India's technology, and nations like Kenya, Mauritius, Papua New Guinea, and Egypt have shown concrete interest in Indian 4G and 5G stacks.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
Since 1815, Nepali Gorkhas have served in Indian & British Armies, as well as in Bihar, Bengal & Assam Police. Since Agnipath scheme came in, no Nepal-domiciled Gorkha has enlisted.
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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