June 16, 2024, 09:04 AM - 4 mins read
Union Minister of Petroleum and Natural Gas Hardeep Singh Puri has criticised the Congress-led Karnataka government for increasing fuel prices. Puri highlighted that the state's decision has burdened residents with an additional Rs 3 per litre for petrol and diesel.
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April 23, 2024, 09:55 PM - 2 mins read
The Reserve Bank of India's April bulletin warned that extreme weather conditions could pose a risk to inflation, along with prolonged geopolitical tensions that could keep crude oil prices volatile.
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April 15, 2024, 02:05 AM - 2 mins read
The data, released by the commerce and industry ministry on Monday sheds light on the country’s economic sphere especially in the wake of global price fluctuations. The Wholesale Price Index(WPI) based inflation had been in the negative territory from April to October but turned positive in November at 0.26%.
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April 15, 2024, 01:48 AM - 2 mins read
Concerns loom large over persistent inflation and stringent monetary policies in the world's largest economy. As financial leaders from around the globe convene in Washington for the spring meetings of the International Monetary Fund and World Bank, attention pivots to the outlook for short-term economic fortunes worldwide.
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April 3, 2024, 05:50 AM - 2 mins read
Headed by RBI Governor Shaktikanta Das, the six-member panel is set to address key concerns, with a predominant focus on inflation control amidst subsiding worries over economic growth. The policy stance, is dubbed as a 'withdrawal of accommodation'.
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March 12, 2024, 09:44 PM - 3 mins read
Rural areas experienced higher inflation compared to urban areas, with Odisha reporting the highest inflation and Delhi the lowest. The Reserve Bank of India aims to keep retail inflation at 4 percent with a 2 percent margin on either side.
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March 1, 2024, 01:40 AM - 4 mins read
State-run oil marketing companies (OMCs) have implemented a fresh round of price hikes for commercial LPG gas cylinders, affecting consumers across major cities in India. Effective from March 1, 2024, the prices of 19 kg commercial LPG cylinders have been increased by ₹25. This surge marks the second consecutive month of price hikes, following a similar increase in February.
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February 22, 2024, 07:08 AM - 4 mins read
"As markets are front-running central banks in anticipation of policy pivots, any premature move may undermine the success achieved so far," the governor said, as per the minutes. He argued that price and financial stability were essential to sustain a long haul of high growth, and the monetary policy's objective was to stay focused on achieving the 4 per cent inflation target on a durable basis, keeping in mind the objective of growth.
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February 19, 2024, 05:05 AM - 2 mins read
"Of-course in the last year and a half, post Ukraine-crisis, interest rates have again gone up by 250 basis points. But now that inflation is pretty much in control, I suspect we will soon see the reversal of the rate hikes starting in India, whether it happens in the next or the second monetary policy from now. I think it's only a matter of time," Goyal said.
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February 5, 2024, 11:26 PM - 6 mins read
According to the Goldman Sachs research report the target is to maintain that the RBI MPC will keep the policy rate unchanged at 6.50 percent as discussed in the February 8 policy meeting.
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January 20, 2024, 03:05 AM - 4 mins read
In other parts of the world, inflation expectations dipped in Europe, contrasting with an increase in retail sales and consumer sentiment in the United States. Charts displayed on Bloomberg this week highlight the diverse trends in the global economy.
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January 14, 2024, 11:09 PM - 2 mins read
Inflation in vegetables was 26.30 per cent, while in pulses it was 19.60 per cent in December. Retail or consumer price based inflation (CPI) print for December rose to a 4-month high of 5.69 per cent, as per the data released.
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