Currently, the retail inflation is well below the RBI's comfort level. The government has asked the central bank to keep inflation in the range of 4 per cent.
Retail inflation remained above the RBI's comfort level for the second consecutive month despite slipping slightly to 6.26 per cent in June while the factory output recorded a growth of 29.3 per cent in May, mainly on account of the base effect, the government data showed. The marginal slippage in the Consumer Price Index (CPI)-based inflation was noticed despite little firmness witnessed in the food inflation which inched up to 5.15 per cent in June from 5.01 per cent a month ago. Retail inflation based on Consumer Price Index (CPI) was 6.3 per cent in May 2021 and 6.23 per cent in June 2020.
Madhya Pradesh were left to chase a mammoth 571-run target after Mumbai's Suryakumar Yadav and Aditya Tare scored centuries on Day 4 of the Ranji Trophy semi-final in Cuttack on
At over 6 per cent, most states in October had inflation rates above the Reserve Bank of India's target band of 2-6 per cent.
Costlier vegetables and eggs pushed up retail inflation to a nearly six-and-a-half year high of 7.61 per cent in October, keeping it significantly above the comfort zone of the Reserve Bank.
Bengal wicketkeeper Wriddhiman Saha got a reprieve and then fought hard to help Bengal earn a point against favourites Mumbai despite seamer Abhishek Nayar's deadly spell in a Ranji Trophy Group A encounter at the Brabourne stadium in Mumbai on Tuesday.
The nation has many individuals like Kuldip Nayar to thank whose idealism and honour has helped keep the country on the path of freedom and democracy.
No longer Bengal's finance minister, Amit Mitra, Mamata's principal chief advisor, will still advise and aid the 'chief minister and finance department on all matters relating to management of state finance', represent the 'state government in national and international events/meetings/committees' and examine 'important proposals/files and policy issues relating to financial matters referred to him for advice/views'.
Infra segment, refinery product impacted the most, even as contraction narrows in latest month.
Unlike some of India's largest online retailers like Flipkart, Amazon, Myntra and Jabong, which are very secretive about their data and use it to cut better deals with brands than their competitors, the Nykaa monetising its insights. If it is is able to do so without giving away any of its advantages to competitors, it could be on to a winning model.
Inflation print for food articles, as a basket, remained nearly flat at 7.47 per cent during the month.
The wholesale price-based inflation accelerated to a record high of 12.94 per cent in May, on rising prices of crude oil and manufactured goods. Low base effect also contributed to the spike in WPI inflation in May 2021. In May 2020, WPI inflation was at (-) 3.37 per cent. This is the fifth straight month of uptick seen in the wholesale price index (WPI)-based inflation. In April, 2021, WPI inflation hit double digit at 10.49 per cent. "The annual rate of inflation, based on monthly WPI, was 12.94 per cent for the month of May, 2021 (over May, 2020) as compared to (-) 3.37 per cent in May 2020.
Build up inflation rate in the financial year so far was 2 per cent compared to a build up rate of 4.56 per cent in the corresponding period of the previous year. Inflation in food articles as a group rose to 11.08 per cent during the month as against 9.80 per cent in the previous month, mainly driven by exorbitantly high onion prices, the rates of which spiked by over 172 per cent from a year-ago. The annual rate of inflation, based on monthly wholesale price index was at 0.16 per cent in October.
No plaque marks the historic meeting place of the fathers of two nations. And no history textbook tells us about that first meeting and their mutual admiration, common ethos and comradeship.
Kolkata Knight Riders batsman Rinku Singh believes no one can match the big-hitting prowess of the explosive Andre Russell, whom he termed as the 'world's best all-rounder'.
Chennai Super Kings, Kolkata Knight Riders and Delhi Capitals confirmed that they are preparing a roster of net bowlers.
To help revive the economy battered by COVID-19, Finance Minister Nirmala Sitharaman on Monday announced a slew of measures, including Rs 1.1 lakh crore credit guarantee scheme for improving health infrastructure, and enhancing the limit under the ECLGS by 50 per cent to Rs 4.5 lakh crore for the MSME sector facing liquidity crunch. Sharing the details of stimulus package, the finance minister said this comprises eight relief measures and other eight measures to support the economic growth. She announced Rs 1.1 lakh crore loan guarantee scheme for COVID-affected sectors, including health sector, which includes guarantee cover for expansion or for new projects. Besides, she said, additional Rs 1.5 lakh crore limit enhancement done for Emergency Credit Line Guarantee Scheme (ECLGS) scheme.
India Ratings principal economist Sunil Kumar Sinha said the Brexit is a mixed bag for the country.
Round up of Ranji Trophy matches being played throughout the country.
Inflation in onion continued to rule high at 42.22 per cent and in potato at 43.25 per cent.
Round up of the Ranji trophy matches being played in the country.
Here is a list of famous names from India as well as the world which are included.
Justice Rajiv Shakdher, who was hearing a plea by Bollywood producers seeking to restrain them from making irresponsible remarks, listed the matter before the Joint registrar for January 18 for completion of pleadings and admission/denial of documents.
At India's HCL Technologies, workers get to grade the boss, and everybody can see the ratings.
Economists, however, caution against interpreting the data as a broad-based revival
Set a near impossible victory target of 490 on a track that is offering help for the spinners, Jharkhand were 28 for one in their second innings with two full days' play left and 462 runs to get.
Former India opener Gautam Gambhir believes his former IPL franchise Kolkata Knight Riders doesn't have enough back-up options and the team management could have gone for all-rounders in the players' auction to provide the squad more depth. Gambhir said KKR don't have the bench strength to deal with any injury crisis in the top order.
In Thursday's IPL auction in Kolkata, his base prize was Rs 30 lakh but eventually was sold for Rs 4 crore to Kolkata Knight Riders.
Outlay for infra is also expected to see a significant increase in view of the government's Rs 111-trillion investment plan under the national infrastructure pipeline to develop social and economic infrastructure over five years.
Govt squeezed capital expenditure, and also cut revenue expenditure, that does not go into creating assets, by 11% in H1
The record contraction in the growth rate of eight core sectors will have its impact on IIP.
The ministry of health and family welfare spent Rs 3,948 crore in May this year compared to Rs 7,816 crore in the corresponding month of the previous year. On the other hand, at Rs 12,930 crore, the expenditure had risen almost 200 per cent in April against Rs 4,327 crore in the corresponding month of 2019-20.
India's factory output climbed 22.4 per cent in March, benefiting from the base effect of the lockdown-marred month a year back as well as a turnaround in the manufacturing sector, while retail inflation slipped to a three-month low of 4.29 per cent in April. The high positive annual growth in the index of industrial production (IIP) in March 2021 came on back of a contraction of (-)0.9 per cent and (-)3.4 per cent in January and February 2021 respectively, according to the data released by the National Statistical Office (NSO) on Wednesday. This turnaround was led by recovery in the mining, manufacturing and electricity sectors.
India A conceded a slender 47-run first-innings lead to the West Indies A despite a fighting half-century by Uday Kaul on the third day of the second unofficial Test in Shimoga.
Imports too declined 26 per cent to $29.47 billion in August, leaving a trade deficit of $6.77 billion.
Yuvraj Singh breezed his way to a 56-ball 84 and gave the national selectors another timely reminder of his worth, even as Abhishek Nayar slammed a 39-ball 75, to take India Blue to the final of the NKP Salve Challenger Series with a 11-run win over India Red in Indore on Friday.
The deficit for the first five months of the year stood at 96 per cent of the full-year target of Rs 5.46 lakh crore despite cut in capital expenditure in August.
Mop up grows 10% y-o-y at Rs 1.05 trillion, almost equal to levels in February before a nationwide lockdown to contain the coronavirus pandemic
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The internals of the food inflation are worrying, given a broad-based uptick across categories that tend to be sticky, such as proteins, and a narrower-than-expected reduction in inflation for vegetables.
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