New Delhi: India’s annual rate of inflation based on wholesale prices eased to 2.76 per cent in January from 3.02 per cent reported for the corresponding month of 2018, official data showed on Thursday. On a sequential basis, the Wholesale Price Index (WPI) data for January, furnished by the Ministry[Read More…]
Tag: Inflation
Pay packages in 2019 to rise by 10% in India, highest in Asia: Report
Pay packages in India are expected to rise by 10 per cent in 2019 with the appraisal period approaching; it seems good news for salaried people. According to a study ‘Global Salary Forecast 2019’ by Korn Ferry, this rise is the highest among all the Asian countries covered in the[Read More…]
August inflation down at 3.69%, July industrial output eases
Lower food prices eased India’s August retail inflation to 3.69 per cent from 4.17 per cent in July, while industrial output in July slowed with a lower rise of 6.6 per cent compared with 6.87 per cent in June, official data showed on Wednesday. Industry described the latest estimates of[Read More…]
Low exports, high imports, still government will say ‘all is well’: Chidambaram
Senior Congress leader P. Chidambaram slammed the government over its poor management of economy, saying inflation is at five-month high, industrial growth at five-month low and the trade deficit has soared. Chidambaram, a former Finance Minister, posted tweets, pointing out the low exports in the month of June, which were[Read More…]
Base years for GDP, inflation calculation to change: Government
New Delhi: The government on Tuesday declared its intent to change the base year for calculation of GDP and retail inflation to 2017-18 and 2018 respectively, likely to come to effect by fiscal 2019-20. The previous base year revision for gross domestic product (GDP), the index of industrial production (IIP)[Read More…]
RBI survey exposes Modi government: Congress
New Delhi: Quoting RBI figures, the Congress on Sunday said the Modi government has been exposed as 72.8 per cent people said income increased by zero per cent and 79.2 per cent said inflation has crushed them. RBI (Reserve Bank of India) survey exposes Modi government’s ‘Dhol Ki Poll’, Congress[Read More…]
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 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[Read More…]
November inflation up at 4.88%, factory output growth dips
A sharp spurt in food and fuel prices pushed India’s annual retail inflation in November over the RBI’s median level of 4 per cent, even as factory output growth in October contracted to 2.2 per cent, official data showed on Tuesday, even as industry called for “remedial” measures to help[Read More…]
India’s wholesale price inflation rises to 3.59 per cent
India’s annual rate of inflation based on wholesale prices went up in October to 3.59 per cent, official data showed on Tuesday. 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 in October to 3.59[Read More…]
Armed forces are guarding tomatoes in Indore
As the price tomatoes continue to soar high, armed security guards in Indore are safeguarding trucks loaded with tomatoes, in Indore. In the risk of theft, tomatoes are being sold in the presence of armed security guards. Tomato is the most expensive vegetable and in Indore’s Devi Ahilya Bai Holker[Read More…]
Venezuela delays demonetisation amid protests, looting
Venezuela government on Saturday extended the use of its 100-Bolivar bill until January 2, after its decision to demonetise the largest bill left the country to cash shortage, and sparked protests and looting. President Nicolas Maduro said the decision was pulled out because the promised higher-denomination were still unavailable because[Read More…]
Demonetisation will reap structural benefits in the longer run: Reports
The government’s sudden move to demonetise ₹500 and ₹1,000 currency notes will have a transitory impact on GDP growth. According to research by ratings agency CRISIL, the new decision will spell significant strutural benefits over the long term. In the longer run, this move will improve the government’s fiscal position[Read More…]
Monetary policy 2016: RBI cuts repo rate by 25 bps to 6.25%
The Reserve Bank of India (RBI) on Tuesday cut its key lending—the repo rate—by 25 basis points to 6.25 percent, as a newly set up panel felt that inflation levels were low enough to reduce loan rates. The decision of the monetary policy committee (MPC), headed by new RBI governor[Read More…]