Wednesday, November 30, 2022

inflation

High inflation rate good for neither borrowers, nor investors

A high rate of inflation hurts the poor, hits demand for consumer goods and adversely impacts investment demand.Sandeep Bagla, CEO, TRUST MF, said that it is widely believed that inflation rate in any economy should be stable at low...

Govt hiked deposit rates to tame inflation; baby steps, say experts

Concerned over rising inflation, the government, aiming to tame price rise, had hiked interest rate for senior citizen savings scheme by 20 basis points from 7.4 per cent to 7.6 per cent on September 30 through a notification.It had...

No need to change inflation target of 2-6 pc

RBI Governor Shaktikanta Das on Saturday said there was no need to change the inflation target despite the central bank’s failure to keep it below the 6%upper tolerance level for 9 consecutive months while exuding confidence that the October...

Inflation to slow down digital transformation

About 58 per cent healthcare industry professionals globally believe that digital transformation initiatives would be slowed down due to inflation and rising costs, a new report showed on Tuesday. About 63 per cent of healthcare and pharmaceutical industry professionals...

RBI’s rate-setting panel meets to finalise inflation report for govt

The Reserve Bank’s rate setting panel on Thursday met to finalise a report for the government on why it failed to keep retail inflation below the target of 6 per cent for three consecutive quarters since January this year,...

Economic performance ‘impressive’: FM

Even as economic growth and rising inflation remain major concerns for India, with Finance Minister Nirmala Sitharaman saying that these twin challenges would be in focus in the next Union Budget, the monthly economic review for September has said...

Inflation may fall to 5.2% next fiscal on normal rains, supply ease: report

Persistently high inflation remains a key policy concern for the Reserve Bank, which has raised rates aggressively so far this year, but the pressure might ease next fiscal assuming normal rains and further normalisation of global supply chains without...

Wholesale inflation eases slightly to 12.41% in Aug

Wholesale inflation slid slightly to 12.41 per cent in August from 13.93 per cent recorded in July 2022, according to data released by the Commerce Ministry. Inflation in August, however, was much lesser than 16.23 per cent recorded in June...

Rise in retail inflation due to high food prices, adverse base effect: Centre

As retail inflation rose to 7% in August from 6.71% in July, the Finance Ministry said late on Monday that consumer price index (CPI) based inflation “recorded a moderate increase”, adding that it could be attributed to “both an...

Inflation control can’t be left to RBI: FM

Finance Minister Nirmala Sitharaman on Thursday said inflation management cannot be “singularly” left to the monetary policy as a majority of activities are outside its purview in the current context.Speaking at a seminar organised by economic think-tank Icrier, the...