Hyderabad: Industries Minister and TRS working president KT Rama Rao on Wednesday took a dig at Prime Minister Narendra Modi over rising inflation and issues concerning national security. The Minister, in a tweet, shared images of news clippings about Chinese infiltration and rising inflation and wondered what one should call a Prime Minister who could […]
Chennai: The State Bank of India (SBI) expects the inflation in India to be about five per cent by March 23. In a research report, the SBI also said the 7.01 per cent consumer price index (CPI) inflation announced by the Indian government on Tuesday for June 2022 confirms the fact that the peak point has […]
New Delhi: India’s inflation is expected to ease gradually in the second half of the current financial year 2022-23, “precluding the chances of a hard landing” monetary policy actions, said the Reserve Bank of India Governor, Shaktikanta Das. The central bank Governor made the remarks at the ongoing Kautilya Economic Conclave, organized by the Institute […]
Mancherial: Tuition fee and the rates of stationery soared, causing financial burden on the parents who were already suffering a blow due to inflation. Mancherial district has 740 government and 150 private recognized schools, providing education to 66,409 students. A total of 49,722 students are studying in the private schools, reflecting a whopping 74 percent. […]
Stockholm: Due to rampant inflation, Sweden’s economic growth is expected to dramatically slow down this year and next, according to a report released by the National Institute of Economic Research (NIER). According to the government agency’s latest prognosis on Tuesday, economic growth is projected to slow to 1.9 per cent this year and 1.2 per cent […]
Washington: The US Federal Reserve raised the interest rate by 0.75 percentage points, the highest on-shot increase since 1994, to tackle inflation that is at its highest in 40 years. The rate hike was announced at the end of the two-day policy meeting of the fed. It ran contrary to smaller rate hikes of 0.50 percentage […]
The Reserve Bank of India’s decision to raise the repo rate — for the second time in over a month — by 50 basis points sends a message that the central bank is focused more on taming runaway inflation. However, the move is expected to hurt economic recovery as home and vehicle loans are set […]
New Delhi: The Centre has placed a cap on the export of sugar under the “restricted” category which will be effective from June 1. The latest move comes days after banning the export of wheat in order to control rising inflation and to ensure availability in the domestic market. India’s retail inflation has been above […]
The Centre’s sudden decision to ban export of wheat reflects a knee-jerk reaction and may not be helpful in taming the soaring inflation. Only last month, Prime Minister Narendra Modi had told United States President Joe Biden in his inaugural address at the 2+2 ministerial meeting that if the World Trade Organization (WTO) allows India […]
The spiralling retail inflation is emerging as a major cause for concern. The consumer price index (CPI)-based inflation for April skyrocketed to an 8-year high of 7.79%, much above the Reserve Bank of India’s comfort zone of 6%, for the fourth straight month. The latest data released by the National Statistical Office (NSO) presents a […]
