Some of the stations to be included in the protests are Borivali, Malad, Andheri, Santacruz, Bandra, Dadar on both CR and WR, Mumbai Central, Ghatkopar, Mulund, Sion, Matunga, Vikhroli.
The Reserve Bank of India (RBI) on Wednesday projected a higher inflation of 5.1-5.6 per cent in the first half of fiscal 2019 before moderating to 4.5-4.6 per cent in the second half with upside risks.
Industry chamber FICCI said continued efforts of the government to strengthen food supply mechanism can help in bringing down food inflation further.
Among the IIP’s nine broad categories, manufacturing sector, which accounts for 77.63 per cent of IIP, grew 10.2 per cent in November from 4 per cent a year ago.
It was 3.59 per cent in October this year, and 1.82 per cent in November last year.
Consumer food price index rises to 4.42%; manufacturing, consumer durables witness a slump.
Apart from retail inflation, the other key data point for RBI’s action is the GDP growth print due later this month.
For vegetables, it soared to 36.61 percent last month as against 15.48 percent in September. In case of onions, inflation skyrocketed to 127.04 percent, while for the eggs, meat and fish segment the rate of price rise was 5.76 per cent.
One of the main reasons why inflation has spiked over the past year is related to the pound’s 15 percent or so drop fall since the country voted to leave the European Union in June 2016.
Preliminary data released by the Central Statistics Office on Thursday showed India’s consumer price inflation numbers to have remained steady in September while industrial production rose favourably.
On the back of a waning impact of the GST accompanied by increased commodity prices, the index of industrial production (IIP), wholesale price index and consumer price index are expected to increase.
If the September number matches the poll consensus, inflation would be the highest in six months – yet still below the Reserve Bank of India’s mid-term target of 4 percent.
Guwahati people also had the highest one-year ahead expectations of 15.3 per cent, followed by Bhubaneswar at 12.5 per cent. Mumbai residents project it at 7.8 per cent. The most optimistic were Bengaluru residents at 5.5 per cent.
According to a SBI report, the RBI is likely to maintain status quo on key lending rate in Wednesday’s policy review as it is “stuck in a conundrum” of low growth, mild inflation and global uncertainties.
“Today, the government is taking decisions without taking anybody into confidence. Modi should go through the speeches he delivered before becoming the PM, when the fuel prices went up during the Congress rule,” said Shiv Sena’s Lok Sabha member Arvind Sawant.