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
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.
Delhi’s deputy CM released the annual price index report Friday and said that the average annual inflation growth was only 3% in the national as compared to 5% nationally.
According to data released Monday, retail inflation softened to a four-month low of 5.3% in August, from 5.59% in the previous month, led by subdued prices of food articles.
RBI isn’t thinking about normalisation at the moment, and its rate-setting committee has kept rates unchanged at a record low for more than a year to support growth.
According to the Index of Industrial Production data, manufacturing sector output shrank by 1.7%, mining output declined 7.3%, while power generation grew 3.5%
Consumers & companies have been saving cash, and even Modi govt has cut spending. Inflation has surged to 7.6%, so how long can RBI keep interest rates lower?
Over generations, Bihar’s bane has been its utter lack of urbanisation. But now, even Bihar is urbanising. Or let’s say, rurbanising. Two decades under Nitish Kumar have created a new elite in its cities.
Indian govt officials last month skipped Turkish National Day celebrations in Delhi, in a message to Ankara following its support for Islamabad, particularly during Operation Sindoor.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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