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New Delhi: Inflation and unemployment are the main concerns of Indians at the moment rather than a non-ending sequence of new variants thrown by the deadly Coronavirus. This was revealed in a comprehensive survey conducted by CVoter for IANS on the occasion of World Health Day on Thursday. The survey, conducted immediately after the reported […]
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Hyderabad: The unfailing regularity with which the fuel prices are increased every day and the economic burden the rise in fuel prices imposes on the common man, is perhaps, best summed up by none other than the Prime Minister Narendra Modi, albeit nine years ago. A video of Modi’s broadside against the then UPA government […]
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Washington: US economic growth is expected to be capped at 2.5 per cent over the next two years due to inflation, which is currently “running too high,” Federal Reserve Bank of Philadelphia President Patrick Harker said on Tuesday. “I think growth will moderate this year,” Harker said. “We can probably expect to come in around […]
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New Delhi: The common man is likely to suffer more with the rising prices of commodities with the most recent blow being the rise in the price of the domestic cooking gas cylinder (LPG). The cylinder got dearer by Rs 50 while the prices of petrol and diesel have risen by 80 paise each per […]
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By B Yerram Raju The lockdown in China, and the fresh virus outbreak in Hong Kong, Australia, the UK, Germany etc, pose a severe threat and demand extreme caution. Ukraine war remains a global concern. The ripple effects of the war are seen in the central banks raising their policy rates in the US, UK […]
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New Delhi: Former Congress president Rahul Gandhi hit out at the BJP-led Centre on Tuesday over high inflation and reduced rates of fixed deposits and provident fund, and said the common people are facing the consequences of its wrong policies. He also asked if it was not the responsibility of the government to provide relief […]
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Hyderabad: The all-time favourite comfort food for many, Maggi is going to get costlier, again! Inflationary pressure has forced companies like Nestle and Hindustan Uniliver to increase the prices of their products. Products that are likely to get costlier are Nestle’s Maggi, A+ Milk and Nescafe among others. After the announcement from the FMCG companies, […]
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New Delhi: Indian economy is expected to incur an additional $70 billion burden (or 1.9 per cent of the country’s GDP) in FY23 as compared to the current fiscal at an average crude price of $120 per barrel, said brokerage house Kotak Securities. Steep crude prices will pose stiff challenges in the form of higher […]
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Mumbai: Reserve Bank on Thursday announced the launch of next round of households surveys to capture inflation expectations and consumer confidence. Data gathered from the surveys, which are regularly done by Reserve Bank of India (RBI), provides useful inputs for for its monetary policy. Announcing the launch of March 2022 round of Inflation Expectations Survey […]
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Kolkata: The Union Budget provided nothing to the common people who have been “crushed” by unemployment and inflation, West Bengal Chief Minister Mamata Banerjee said on Tuesday, terming it a “Pegasus spin budget”. Banerjee said the Centre was lost in “big words” signifying nothing. BUDGET HAS ZERO FOR COMMON PEOPLE, WHO ARE GETTING CRUSHED BY […]
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Though there is a significant rebound in the economic activity following the lifting of pandemic-related restrictions, the expectations of a quick recovery must be tempered in tune with ground realities. While the big jump in the GST collections is a positive development, several parameters — inflation, unemployment, subdued private consumption and investment and a crippling […]
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A ‘stable’ outlook should not lead to complacency as several parameters, including inflation, unemployment, are still in the red zone
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Just a flattening of infection curve will not lead to restoration of normal growth trajectory
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The govt must act to quickly rein in the runaway inflation before it inflicts further distress on people and erodes the demand, making an equitable recovery even more difficult
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Food inflation stood at 5.26 per cent last month against 4.78 per cent in April 2021 and 5.88 per cent in the corresponding month a year ago.
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Fuel rates are at record highs across the country and petrol has crossed Rs 100 a litre mark in about a dozen states and union territories.
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The Consumer Price Index (CPI)-based inflation hit a six-month high of 6.3 per cent in May, from 4.3 per cent in April.
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Inflation in fuel and power basket spiked to 37.61 per cent during May, against 20.94 per cent in April, amid hardening of global commodity prices.
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As per the data released by the National Statistical Office (NSO), inflation in the food basket was 5.01 per cent in May, significantly up from 1.96 per cent in the preceding month.
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International demand for Indian services also worsened, with new export business falling at the quickest rate in six months.
