ADB also raised the inflation forecast for India in FY2021 by 0.3% points to 5.5% while keeping the forecast for FY2022 at 4.8% as both food and fuel inflation outpaced expectations.
WPI inflation however remained double-digit for the third consecutive month in June, mainly due to a low base of last year. WPI inflation was at (-) 1.81%, in June 2020.
Retail inflation crossed outside RBI's 2%-6% comfort zone recently. Surging oil prices are adding fuel to the fire given the country’s dependence on imports.
The May inflation figure may be somewhat inaccurate, with the rise appearing to be mainly due to higher global crude oil prices, commodity prices, and supply-side disruptions.
Rise in maize and soybean prices internationally is making chicken, fish, and eggs expensive in India, which uses products derived from these grains as feed.
Which of the two approaches proves most effective will shape the lessons a generation of officials take from the pandemic. Brazil and India have been among the hardest hit.
RBI announces fresh lending support to aviation, tourism & other sectors as MPC keeps key policy rates unchanged. RBI Governor Das says Covid spread in rural India poses risk to growth.
Five years ago, I loved the talking stage. But in 2024, my dating app conversations have been as bland as boiled eggs. After having one too many, you lose your appetite.
The mechanical canine, showcased at the annual 15-day Golden Dragon 2024 exercise, can move forward and backward, jump, and lie down like real canines.
2024 was a one-candidate election. Modi was the only candidate for whom BJP sought votes, and he was the only opponent most of its rivals wanted defeated.
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