With inflation expected to decline in the coming months, it will allow the Reserve Bank of India to keep the door open for more policy easing to boost credit demand.
India may be witnessing the most glaring setback among emerging economies, but its double pain of slowing growth & surging inflation is spreading far and wide.
According to govt data, the increase in prices of certain food items was partially neutralised by static prices of manufactured goods during August 2019.
Govt data said inflation in food items dropped to 6.15 % in July from 6.98 % in the previous month, while retail inflation in July fell to 3.15% from 3.18% in June.
According to government reply in Lok Sabha, the pilot phase of PMIS is being used to test concepts, strategies and systems before a full-scale implementation of the scheme.
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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