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ADB's flagship Asian Development Outlook (ADO) report, released on Wednesday, said India's economy grew 13.5 per cent year-on-year in the first quarter of 2022-23, reflecting strong growth in services.
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While rising inflation, tightening monetary policy, and climbing crude oil prices have made the current fiscal a difficult one for the INR, the Russia-Ukraine war sparked a near-freefall.
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New Delhi: Investors continued to withdraw from mutual funds focused on investing in fixed-income securities for third consecutive quarter and pulled out over Rs 70,000 crore in April-June due to high inflation and an increasing rate cycle. “In the next (September) quarter, it is safe to assume that monetary conditions will be tighter in terms […]
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Hyderabad: In a scathing attack on Central Government’s campaign on freebies, Industries Minister KT Rama Rao slammed Prime Minister Narendra Modi for ignoring welfare of the poor and sought to know the expenditure details of borrowings sourced by the union Government. Before Prime Minister Narendra Modi, the country’s debt was Rs. 56 lakh crore. But […]
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New Delhi: The Congress will hold a ‘Mehangai Par Halla Bol’ rally against inflation on August 28 at the Ramlila Maidan in the national capital. In a statement on Thursday, the party said the Congress party will take this fight forward with a series of protests against the price rise and unemployment in the coming […]
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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 […]
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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 […]
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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 […]
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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. […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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By B Yerram Raju Several economists, in the wake of the Russia-Ukraine war and the rise in global inflation index, have been talking of recession. It is important to understand the meaning of recession. It occurs when there is a contraction of demand for goods and services consecutively for two quarters; employment falls precipitously; consumption […]
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The Reserve Bank of India’s sudden decision to hike the policy rate may have taken the market off guard but it has become inevitable to tame the soaring inflation. The decision, taken at an unscheduled meeting of the Monetary Policy Committee (MPC) of the central bank, sends a clear signal that rising inflation is going […]
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By V Thiagarajan The International Monetary Fund (IMF) recently slashed its forecast for global economic growth by nearly a full percentage point citing Russia’s war in Ukraine, and warned that the world must brace itself for an economic slowdown as well as a burst in inflation. The IMF expects inflation to remain elevated throughout the […]
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The woes of the middle class and the poor, already reeling under the impact of the coronavirus pandemic, are expected to worsen in the days ahead with the soaring inflation. The latest figures released by the Centre show that the wholesale inflation, as measured by the wholesale price index (WPI), rose to 14.5% in March, […]
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New Delhi: A video of Union Minister Smriti Irani being confronted by Mahila Congress President Netta D’Souza on the issue of inflation has gone viral. The two were onboard a Guwahati-bound flight and the conversation took place as the plane landed and passengers started disembarking. D’Souza asked the Union Minister about the rising prices of […]
