Union Budget 2024: Nirmala Sitharaman will present her seventh budget on Tuesday (File). New Delhi: Finance Minister Nirmala Sitharaman tabled the Economic Survey 2023/24 in Parliament Monday, a day before she will present a record seventh union budget, and described the Indian economy as being on a “strong wicket and stable footing” and resilient in …
Indian stock markets witnessed a roller coaster ride with the onset of June 2024 as frontline indices swung sharply in both directions due to the exit polls predictions and the surprise outcome of the Lok Sabha election results 2024. Domestic equity benchmarks recorded the biggest weekly gain of 2024 after a volatile week. The indices …
While maintaining the stance of “withdrawal of accommodation”, RBI Governor Shaktikanta Das highlighted that stance should be seen in the context of “incomplete transmission and inflation ruling above the target of 4% and our efforts to bring it back to the target on a durable basis.” The RBI governor reiterated its commitment to remain vigilant …
The Reserve Bank of India (RBI) released the minutes of the Monetary Policy Committee (MPC) meeting on Friday, December 22, highlighting that domestic food inflation unpredictability, and volatility in crude oil prices and financial markets in an uncertain international environment pose risks to the inflation outlook. Hence, the central bank’s monetary policy continues to remain …
Economists said that the retail inflation based on the Consumer Price Index (CPI), in November 2023 increased to 5.55 per cent, far from the RBI’s medium-term target level of 4 per cent, driven by a surge in food and beverage inflation to 8.0 per cent in November. Experts said that while the Reserve Bank of …
New Delhi: Packaged consumer goods sales rose 9% in value in the September quarter, led by increased demand for savoury snacks and biscuits, along with stronger demand for personal care products in rural markets, according to market researcher NielsenIQ (NIQ). In volume terms, sales gained 8.6% in the quarter after dropping 0.6% in the year-ago …
Image Source : FILE Retail inflation eased due to easing food prices A recent data by the central government revealed that retail inflation declined to a three-month low of 5.02 in September, mainly due to easing food prices. The inflation has come back to the Reserve Bank’s comfort level of below 6 per cent after …
Image Source : PEXELS A man standing near gray metal equipment in a factory India’s industrial production (IIP) rose by 5.7% in July 2023, compared to a growth of 4.0% in the same month a year ago. This is the highest IIP growth rate in the current financial year. The growth in IIP was broad-based, …
Image Source : PTI REPRESENTATIONAL IMAGE Retail inflation reached a three-month high in June due to increasing prices of kitchen essentials, while factory output grew at a faster rate of 5.2% in May, as per the latest government data. The Consumer Price Index (CPI) based retail inflation rose to 4.81% in June, marking an end …
Image Source: FILE India Records A Low of 4.25% Retail Inflation in May According to the latest government announcement, India’s retail inflation rate declined to 4.25 percent in May, due to the drop in food and fuel prices. This figure follows April’s inflation rate of 4.7 percent and May 2022’s rate of 7.04 percent, as …