Widening conflict in West Asia has pushed global oil prices, and that could fan inflation in India, which is the third-largest oil importer and consumer.
Lower middle-class and rural consumers are cutting discretionary spending, choosing cheaper local products and buying less to stretch the rupee as much as they can.
The finance minister said that the 'obsession to use interest rates as the only tool to deal with inflation and not manage the supply-side factors will not give a complete solution'.
Adopted by India in October 2016, the inflation targeting framework gives flexibility to the RBI to also focus on growth without undermining its inflation control objective.
LocalCircles survey results come two weeks after dairy brands, including leading milk suppliers like Amul and Mother Dairy, had increased the price of their milk by Rs 2 per litre.
Imran Khan govt's message to Pakistanis is clear – tie a stone to your stomach, eat grass if need be, and thank your stars that you are on the good side of inflation.
Prices are already increasing as hotels & restaurants reopen, govt acquires large quantities for distribution under Covid plan, and demand rises further.
The Modi govt shifted the burden of investing for growth from companies to the public sector. The share of government capital spending in GDP terms has doubled since 2014.
CISF DG Praveer Ranjan said committee will identify sectors where Agniveers can be deployed, and will soon come out with a blueprint to ensure smooth induction.
Pakistan not only has zero chance of catching up with India in most areas, but will inevitably see the gap rising. Its leaders will offer its people the same snake oil in different bottles.
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