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.
Countering insurgency needs the Pakistan Army to demonstrate a political will that ties leaders at the centre with those in the borderlands. But it may not have the imagination.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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