The Reserve Bank of India (RBI) on Tuesday kept key policy rates unchanged, awaiting further data on inflation and the unveiling of the Union Budget scheduled for later this month.
The government has lifted a 55-year ban on khesari dal, once considered harmful. Here’s all you need to know about it.
What has happened to the BJP’s “Bahut hui mahangayi ki maar, ab ki baar Modi sarkar”?
Food inflation shot up to 8.17 per cent in December as against 5.20 per cent in the previous month.
The Wholesale Price Index-based inflation has been rising for three months in a row and was (-)3.81 per cent in October.
With the possibility of banks reducing their offering on deposits and inflation always threatening to come back, the instrument is far from losing its relevance.
Inflation based on Wholesale Price Index has been in the negative zone since November last year. It was (-)4.54 per cent in September. In October last year, it was 1.66 per cent.
Retail inflation in pulses and products category has risen after prices of lentils reached as high as Rs 210/kg, while that of spices have witnessed rose 9.2 per cent, it said.
Despite weak rural demand, the company clocked a 4.74 per cent rise in total income at Rs 7,819.64 crore for the quarter as against Rs 7,465.54 crore in the previous year.
The headline inflation has been negative since November 2014 while it was 2.38 per cent in Sept.
MS Swaminathan, geneticist who’s renowned for his pioneering role in India’s Green Revolution, talks about India’s rural economy.
Pronab Sen said that the divergence between WPI and retail inflation would gradually equalise.
The government and RBI, apart from industry, need to rediscover their appetite for adventure.
Retail inflation measured by the consumer price index (CPI) eased to 3.66 per cent in August due to a slower rate of price rise in vegetables, fruits and protein items, except pulses.
The annual rate of inflation stood at 3.85 percent in the corresponding month of the previous year, according to data released by the commerce and industry ministry.