Tag: Inflation
17 Results
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Our economics textbooks are mostly flawed – here’s why!
Most economics textbooks have perfect theories, but those theories do not work well in developing nations like India. Debarghya Deb, an aspiring economist and student of class XI (The Levelfield School, Suri), explains why.
September 21, 2018 -
India Shining but…
India has doubled its GDP within a decade and is expected to become a key economic player in Asia soon. China has slowed down over time. More importantly, the IMF has projected India to generate a growth rate of 7.4 per cent this year and 7.8 per cent next year, boosted by its household spending and a bold indirect tax reform
September 4, 2018 -
Asian cues, inflation subdue equity indices; Nifty50 ends below 11,000
Weak Asian cues and rise in wholesale inflation subdued the key Indian equity indices on Monday, with the wider Nifty50 closing below the 11,000-mark.
July 16, 2018 -
Retail inflation at five-month high of 5 pc in June
As per the data released by the Central Statistics Office (CSO), the inflation in the food basket was 2.91 per cent, compared to 3.1 per cent in May
July 12, 2018 -
Bankers claim rupee may hit 70 mark this week
The Reserve Bank of India (RBI), however, will not be comfortable with the currency touching 70 .
July 8, 2018 -
To hike rate or not? RBI panel to brainstorm for 3 days
The seven-quarter high growth rate of 7.7 per cent in January-March 2018 and forecast of a normal monsoon has reduced the clamour for a cut in the benchmark lending rate (repo) by the Reserve Bank of India (RBI).
June 3, 2018 -
RBI expects inflation to rise to 5.1 pc, repo rate unchanged
The Reserve Bank of India on Wednesday maintained status quo on key interest rates and predicted that retail inflation would rise to 5.1 per cent in the last quarter of this financial year. In line with expectations, the RBI’s monetary policy committee (MPC) kept the repurchasing ~ or repo rate at which it lends to …
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February 7, 2018 -
Govt working to double farmers’ income: President
President Ram Nath Kovind on Monday said the government has been able to contain inflation and fiscal deficit and will work to double the income of farmers by 2022. In his maiden address to the joint sitting of both Houses of Parliament, the President said the country has been able to achieve economic growth despite …
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January 29, 2018 -
Fear of higher inflation forced RBI to maintain policy rate
Inflationary risks forced the Reserve Bank of India (RBI) to hold its key lending rate unchanged at 6 per cent in its fifth bi-monthly monetary policy review, the minutes of its monetary policy committee (MPC) meet held this month showed on Wednesday. According to the minutes, MPC took note of the headline inflationary trends which …
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December 20, 2017 -
India’s WPI inflation at 3.93% in November
India’s annual rate of inflation based on wholesale prices stood at 3.93 per cent for the month of November, official data showed here on Thursday. According to data from the Ministry of Commerce and Industry, the wholesale price index (WPI), with the revised base year of 2011-12, stood at 3.93 per cent (provisional) for the month …
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December 14, 2017 -
Controlling onion prices not in our hands: Paswan
Saying that the onion yield this year is expected to be lower, the Centre on Wednesday expressed its helplessness in controlling the rising prices of onions, which crossed Rs 60 per kg this week in Delhi. Union Food Minister Ram Vilas Paswan said the production this year was expected to be lower since the area …
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November 29, 2017 -
Inflation, fiscal uncertainty induced RBI to hold rates
RBI Governor Urjit Patel had recommended keeping the central bank’s key interest rate unchanged at 6 per cent citing risks to inflation and uncertainties on the external and fiscal fronts, the minutes of October’s monetary policy committee (MPC) meeting released on Wednesday showed. “We have to be vigilant on account of uncertainties on the external …
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October 18, 2017 -
RBI maintains key lending rates as inflation rises
Rising inflationary pressure prompted India’s central bank, the RBI, on Wednesday to maintain its key lending rates. According to the Reserve Bank of India’s fourth bi-monthly monetary policy review of 2017-18, the repurchase rate, or the short-term lending rate for commercial banks on loans taken from it, has been maintained at 6 per cent.
October 4, 2017 -
Gurdaspur bypoll: Jakhar alleges BJP govt for inflation
Congress candidate for Gurdaspur bypoll, Sunil Jakhar on Monday accused Narendra Modi led government for rising inflation over commodities. Addressing a public meeting in Gurdaspur, he accused the Prime Minister (PM) Narendra Modi led government for increasing the rates of cooking gas (LGP) from Rs 400 under the United Progressive Alliance (UPA) regime to Rs 744 presently. …
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October 3, 2017 -
India’s wholesale price inflation in July rises to 1.88%
India’s annual rate of inflation based on wholesale prices shot up by 1.88 per cent in July, official data showed here on Monday. According to data from the Ministry of Commerce and Industry, the wholesale price index (WPI), with the revised base year of 2011-12, went up further in July 2017 to 1.88 per cent …
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August 14, 2017 -
Banks’ borrowing rates will fall with lending rates, says Jaitley
The latest cut in savings bank interest rates by state-run State Bank of India (SBI) comes in the context lower inflation and lending rates, Union Finance Minister Arun Jaitley said on Thursday. "When lending rates go down, the borrowing rates will obviously come down. These are all inter-connected," Jaitley said in the Rajya Sabha during …
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August 4, 2017 -
RBI rate cut important step for sustained growth: Finance Ministry
The finance ministry on Wednesday said the RBI’s decision to cut key policy rate by 0.25 per cent is an important step to achieve sustained growth consistent with moderate inflation and India’s potential. The Reserve Bank, in its third bi-monthly monetary policy of the fiscal, on Wednesday reduced the repo rate after a gap of …
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August 3, 2017