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?
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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