India's Inflation likely to ease to RBI's tolerance level of 6% in coming months: Finance Ministry
The Reserve Bank of India expects inflation to return to its tolerance level of under 6% in the fourth quarter of the financial year that started April 1, 2022. The finance ministry has also said that a global slowdown may dampen the country's exports businesses outlook.
Nov 25, 2022, 10:08 AM IST
DNA: Why are big companies laying off employees?
According to a New York Times report, the biggest e-commerce company Amazon is about to lay off employees on a large scale. In the name of cost cutting, they are preparing to fire about 11,000 employees. This will be the biggest layoff ever in Amazon's history.
Nov 15, 2022, 23:36 PM IST
Inflation above 6 per cent would be detrimental to India's growth: RBI Governor Shaktikanta Das
The inflation band of 2-6 per cent also provides RBI with enough policy space to use during times of stress, as was done during the COVID-19 pandemic
Nov 13, 2022, 10:35 AM IST
Know What Election Issues Will Be Considered By Public During Himachal Voting
Himachal Pradesh Election Voting is being held for 68 seats today. Around 55 voters will reach their to vote. There are many important election issues in Himachal like unemployment, and inflation. Know what election issues will be considered by Himachal people during voting.
Nov 12, 2022, 09:18 AM IST
Digital transformation may get slower due to inflation, rising costs: Report
Digitalisation requires funding, time and talent and inflation and costs pressures may force companies to scale back focus and investment in these projects.
Nov 08, 2022, 15:09 PM IST
Rising interest rates unlikely to severely affect the asset quality of home loans: ICRA
There is limited headroom to increase the tenure as incremental loans in the prime home loan segment already have long tenures and a further extension in loan tenures will lead to overall tenures extending beyond the working life of the borrower.
Nov 08, 2022, 13:24 PM IST
UK economy may fall into the longest recession in 100 years: Bank of England
The UK economy faces a "very challenging outlook", with a recession that began this summer now expected to last until the middle of 2024, the Guardian reported.
Nov 04, 2022, 12:06 PM IST
RBI panel holds meeting to draft response to Centre on failure to check inflation
According to a statement issued by the central bank, the MPC's meeting was held "to discuss and draft the report to be sent to the Government by the RBI under the provisions of Section 45ZN of the RBI Act, 1934 and Regulation 7 of RBI MPC and Monetary Policy Process Regulations, 2016".
Nov 04, 2022, 10:13 AM IST
Bank of England makes the historic interest hike to 3%, its biggest since 1989
The policy was aimed at staving off recession and spurring long-term growth - but instead it pushed sterling to a record low against the U.S. dollar, forced the BoE to prop up the bond market and led to Truss's resignation.
Nov 03, 2022, 20:09 PM IST
Should you invest in property at time of high inflation? Check what experts say
Industry experts also said that land has demonstrated to be a steady investment during inflation.
Nov 01, 2022, 15:16 PM IST
Unseasonal rains affecting Kharif crops, to impact food inflation: SBI Research
On the out-of-turn MPC meeting, SBI Research report said it is only a part of the regulatory obligation and it does not foresee any other agenda to be announced at the meeting, even as it is scheduled a day after the US Fed`s meet on November 2.
Oct 31, 2022, 12:42 PM IST
RBI first time will submit report to Govt on failure to keep inflation below 6 per cent for 3 consecutive quarters
In case of failure to maintain the inflation target for three consecutive quarters, the central bank, under section 45ZN of the RBI Act, is required to submit a report to the government explaining the reasons and spelling out the remedial actions it would be taking to check the price rise.
Oct 30, 2022, 15:35 PM IST
DNA: Look at Britain and France, not India on inflation
France is a country that is developed, where its people are rich. But due to the war, the condition of France has become such that millions of people there are protesting by taking to the streets. The condition of France, which is one of the richest countries, is much worse than many poor countries of the world today.
Oct 19, 2022, 23:14 PM IST
Baat Pate Ki: Massive protest in Paris against inflation
People angered by rising inflation in France, took to the streets in large numbers today and demonstrated against the policies of the government. In Paris, angry people also ransacked banks.
Oct 17, 2022, 23:00 PM IST
Amul Cooperative hikes Milk prices by Rs 2 per litre from today amid the festival season
Amul Cooperative has hiked the prices of milk third time this year by Rs 2 per litre. Amul 1 litre-full cream milk will cost Rs 63 from today.
Oct 15, 2022, 12:34 PM IST
India`s Wholesale Price Index-based inflation eases to 10.7% in September
Inflation in September 2022 is primarily contributed by rise in prices of mineral oils, food articles, crude petroleum & natural gas, chemicals & chemical products, basic metals, electricity, textiles etc. as compared to the corresponding month of the previous year, the ministry said in a statement.
Oct 14, 2022, 13:39 PM IST
India's CPI inflation rises 5 months high of 7.4% in Sep, industrial activity declines
Rise in food prices drove India’s retail inflation high to 7.41% in September. For the ninth month in a row, retail inflation has remained above the RBI’s tolerance level of 6%. Inflation in food basket rose to 8.60% in September from 7.62% in August, reported by NSO.
Oct 13, 2022, 15:30 PM IST
FM Nirmala Sitharaman buys vegetables in Chennai amid inflation
India`s retail inflation rose to 7 per cent in August from 6.71 per cent in July and this was due to higher food prices.
Oct 08, 2022, 21:42 PM IST
Explained: Why Vegetable prices in Delhi-NCR region shoot up?
The vegetable prices in Punjab, Haryana and Chandigarh are also touching the sky owing to the shortage. The prices of vegetables and fruits are high because of supply crunch due to high rainfall and high transportation cost.
Oct 08, 2022, 17:56 PM IST
'World could lose $4 trillion in economic output between now and 2026': IMF warns higher RECESSION risk and gloom GLOBAL outlook
Geopolitics is contributing to the rising inflation in India and worldwide with commodity prices shooting up. Morgan Stanley said in a recent research that a supply-constrained rise in oil prices is generally bad for India`s macro and markets, albeit the shift in current account funding dynamics is mitigating the impact.
Oct 08, 2022, 14:59 PM IST
