Tag: Inflation
17 Results
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Protests against inflation, food shortage intensify across PoK, Gilgit Baltistan
Weeks of anger over food shortage and runaway inflation has snowballed into massive anti-government demonstrations in Pakistan-occupied Kashmir and illegally held Gilgit Baltistan.
January 16, 2023 -
US inflation rate drops to 6.5%, driven by lower petrol prices
The US annual inflation rate dropped in December to an annualised rate of 6.5 per cent, the lowest increase since October 2021, the Labour Statistics agency reported on Thursday.
January 12, 2023 -
BJP caved in to local issues, dissensions in HP
Congress’ strategy to concentrate on the local issues paid off. The focus of the party was unemployment and inflation rather than the national issues like Article 370, Ram temple construction, etc. which the saffron party raised in its campaign.
December 9, 2022 -
RBI’s MPC to meet soon; decision of Nov 3 meeting under wraps contrary to law
The MPC had met on November 3, to discuss what it would tell the central government on the reasons why it was not able to restrain the inflation.
November 30, 2022 -
Govt hiked deposit rates to tame inflation; baby steps, say experts
Concerned over rising inflation, the government, aiming to tame price rise, had hiked the interest rate for the senior citizen savings scheme by 20 basis points from 7.4 per cent to 7.6 per cent on September 30 through a notification.
November 27, 2022 -
With no signs yet of inflation cooling, experts predict more rate hikes
As retail inflation in India continues to remain above the RBI's comfort zone for the past 10 months, analysts feel that more hikes are expected in the future.
November 27, 2022 -
Resilient demand to push economic growth, says October economic review
Global spillovers may dampen India's export businesses outlook, however, resilient domestic demand and a rejuvenated investment cycle as well as a strong financial system will push economic growth, as per the monthly economic outlook review for October released by the Finance Ministry on Thursday.
November 24, 2022 -
What’s for dinner tonight?
Inflation has broken the back of common people in India. Reports suggest that prices of piped natural gas have increased for the tenth time since August 2021.
November 24, 2022 -
India clocks 129 deals at $2.1 bn in Oct, 77% YoY decline in value
When compared to September, the deal volumes witnessed an 11 per cent decline while values decreased by 49 per cent due to the absence of big-ticket transactions, according to Grant Thornton Bharat's Dealtracker October 2022 report.
November 22, 2022 -
India is differently placed, at low risk of recession: RBI Governer
Reserve Bank of India Governor Shaktikanta Das said a synchronised tightening of monetary policy globally has progressively increased the risk of a hard landing, which is a recession to tame inflation. India, however, is differently placed.
November 20, 2022 -
Inflation, rising costs to slow down digital transformation: Report
About 58 per cent of healthcare industry professionals globally believe that digital transformation initiatives would be slowed down due to inflation and rising costs, a new report showed on Tuesday.
November 8, 2022 -
Rahul Gandhi hits out on centre’s policies, call it “backbone breaker”
"PM Modi's wrong policies like demonetisation, GST, have broken small businesses, farmers who were the backbone of employment. The truth of India is that the country cannot give employment to its youth," he said.
November 8, 2022 -
Bank of England raises bank rate, the highest in 30 years, to combat inflation
After US Federal Reserve hikes key interest rates by 75 basis points, the Bank of England raised bank rate by 75 basis points -- the highest since 1992 -- to 3 per cent for combatting inflation growing in double digits and to curb the energy price crisis in the country.
November 4, 2022 -
RBI panel holds meeting to draft response to Centre on failure to check inflation
Having failed to keep inflation within its tolerance limit of up to 4 per cent for the past three quarters, the monetary policy committee (MPC) of the Reserve Bank of India (RBI) met on Thursday to draft its response to the government on its inability to do so.
November 4, 2022 -
India’s forex reserves fall its two year low to $524.52 billion
India's foreign exchange reserves on Friday fell by $3.85 billion to $524.52 billion for the week ending on October 21, according to the latest data released by the Reserve Bank of India (RBI).
October 28, 2022 -
Lankans migrate, work over time, and eat less to beat inflation
Armed with a local accountancy qualification, Suren managed to find a job in Dubai. He leaves Colombo next week and is now in the process of preparing his family for his physical absence.
October 24, 2022 -
Amid high inflation & weak rupee, Fin Min review says economic performance ‘impressive’
"Indian economic performance in the first half of 2022-23 has been impressive compared to the world. As measured by PMI composite index, the economic activity level was higher for India at 56.7 compared to 51.0 for the World level during April-Sept 2022," said the economic review which was released on Saturday by the Finance Ministry.
October 22, 2022