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.
With the onset of July rains, vegetable prices have surged significantly. Tomato prices have risen to Rs 75 to 80 per kilo against Rs 40 to 50 per kilo in June.
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.
Many offices in Telangana have asked their employees to work from home because of heavy rainfall, but it has become impossible due to the internet outages.
The Navy has always been on board with the theaterisation plan, but the Air Force feels splitting up air assets into several theatre commands is futile & will tie up critical systems.
Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.
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