[ad_1] Inflation is steeply rising in Pakistan, causing citizens to struggle to afford essential items to provide basic meals for their families, news agency ANI reported. People in the country’s Karachi city have stated that the increasing rates of basic amenities are adversely affecting the common public. A kilo of flour now stands at 800…
[ad_1] NEW DELHI: Investment banking firm Morgan Stanley citing strong domestic demand kept a positive forecast on India’s growth. It expects India’s GDP growth to reach 6.8 per cent in the ongoing fiscal year 2024-25 and 6.5 per cent in 2025-26.The firm forecasted inflation to remain around 5 per cent in the second quarter, before…
[ad_1] NEW DELHI: Extreme weather conditions along with escalated geopolitical tension that could increase the crude oil prices may pose a risk to inflation as per the Reserve Bank’s April Bulletin released on Tuesday. The retail inflation based on the Consumer Price Index (CPI) has declined to 4.9 per cent in March from 5.1 in…
[ad_1] MUMBAI: RBI governor Shaktikanta Das cited robust growth in the economy, supported by an upturn in manufacturing and the investment cycle as reasons for keeping interest rates on hold. The governor’s views during the monetary policy committee meeting held a fortnight ago were revealed in the minutes of the meeting, which were released by…
[ad_1] NEW DELHI: Inflation continues to remain the main concern for the Reserve Bank of India’s monetary policy committee members before it goes ahead and loosens its stance on key interest rates.As per the Minutes of the latest monetary policy meeting released on Friday, there have been several mentions of uncertainties around inflation. Going ahead,…
[ad_1] NEW DELHI: Pressure in food prices has been interrupting the ongoing disinflation process in India, and posing challenges for the final descent of inflation trajectory to the 4 per cent target, as per minutes of RBI‘s monetary policy meeting that was held earlier this month.Unpredictable supply-side shocks from adverse climate events and their impact…
[ad_1] NEW DELHI: Professor Jayanth R Varma, one of the six members of the Reserve Bank of India’s (RBI) monetary policy committee, voted to reduce the repo rate by 25 basis points in the policy meeting held earlier this month.Noting that that economic growth in 2024-25 is projected to slow by over half a percent…
[ad_1] NEW DELHI: Odisha had the highest inflation rate among states and Union territories in March, followed by Assam and Haryana, while Delhi recorded the lowest rate, latest data showed.Thirteen out of the 22 states and Union territories, for which data is published monthly, posted inflation higher than the overall inflation rate of 4.9%.Odisha recorded…
[ad_1] NEW DELHI: Despite several measures, including various incentives to farmers, India is still dependent on imports of pulses for its domestic requirements.Pulses imports have almost doubled in 2023-24 to USD 3.74 billion.However, the official figure is yet to be disclosed, and estimates suggest shipments have crossed 45 lakh tonnes in the just-concluded financial year…
[ad_1] Stock market today: BSE Sensex and Nifty, the Indian stock market benchmark indices, opened in red on Friday with the 30-share index dipping 250 points and Nifty50 going below 22,700. At 9:25 AM, BSE Sensex was trading at 74,882.02, down 156 points or 0.21%. Nifty50 was at 22,702.65, down 51 points or 0.22%.Equity markets…
