Declining vegetable prices brought down the retail inflation to a 15-month low of 4.59 per cent in December and within the comfort zone of the Reserve Bank, government data showed on Tuesday. It is for the first time during the current fiscal that the Consumer Price Index (CPI) based inflation print is below 6 per cent or in the RBI's target range of 2 to 6 per cent. The central bank factors in the CPI-based inflation while arriving at its monetary policy. The inflation in December 2020 came down from 6.93 per cent in November, mainly on account of 10.41 per cent decline in vegetable prices over the year-ago period.
For 2015-16, IMF pegged India's growth rate at 7.5 per cent.
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.
Hours after 21 ministers took the oath of office and became a part of Prime Minister Narendra Modi's ministry, speculation began on which minister would be handed which portfolio. However, all speculation ended after the list was announced.
Women and children have been given short shrift with these crucial sectors facing substantive budgetary cuts, discovers Rashme Sehgal.
The plan includes step-wise expansion of a crucial credit guarantee net, establishment of an unprecedented number of functional clusters and increased government procurement from MSMEs.
Concerned with the continuous downward revision, the EPFO has since last month begun counting people quitting their previous jobs and joining a new one as an addition to the net payroll.
Lakhs of students appear for it every year. How are you preparing for it?
Much of the Q3 data will simply not be available for the CSO to factor in its calculation.
Union Health Minister Harsh Vardhan on Thursday said the government was aiming to bring down India's Covid-19 mortality rate to less than 1 per cent from the current 1.64 per cent, which is still the lowest in the world.
Seeking to assuage the feelings of the people of Tamil Nadu opposed to India's participation in the Commonwealth Heads of Government Meeting meet in Sri Lanka, Centre on Tuesday detailed its relief and rehabilitation efforts for minority Tamils in the war-torn island nation.
The survey covered 47,535 households in rural areas and 36,065 households in urban areas.
The World Bank has approved a $1.5 billion loan for the ambitious clean India campaign.
The Congress, Left parties, Trinamool Congress and some others were in the forefront of this attack on the government, which is set to garner around Rs 7,900 crore through the decision.
While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide.
This development can strengthen the case for interest rate cut by the RBI.
Prime Minister Narendra Modi who inducted 19 new ministers into his Cabinet on Tuesday has carried out major changes in the portfolios of his top ministers.
Prime Minister Narendra Modi will retain DoPT, Atomic Energy as well as all important policy issues and portfolios not allocated.
India grew at 7.6% in 2015-16 and at 7.2% in 2014-15.
Out of around 80 million accounts that were analysed, there were 10 million records with only names and no other details about the subscribers, including their date of joining, date of birth and father's name, among others, in the EPFO's records.
Yes. Whilst public expenditure is kicking in, the key reason is the decline in private investment
Women entrepreneurs view the world through different lenses, hence, execute things differently, says Mohana Nair.
There are reasons to doubt Gadkari's words.
Most analysts expect the note ban to sharply hit GVA growth in Q3 and Q4, and the central bank's stance is being called into question.
New data is puzzling as these aren't corroborated by other data
The Reserve Bank's growth projection for next financial year is lower than 8-8.5 per cent projected by the finance ministry in the recent Economic Survey which was tabled in Parliament on January 31. Unveiling the bi-monthly policy, RBI governor Shaktikanta Das said, "Recovery in domestic economic activity is yet to be broad-based, as private consumption and contact-intensive services remain below pre-pandemic levels."
Swachh Bharat Mission could focus on using technological innovation to eradicate the problem of open defecation, says R Gopalakrishnan.
The first step is to estimate the retirement corpus you would need and to compute the approximate amount you can set aside every month, says V Viswanand, Senior Director and Chief Operations Officer, Max Life Insurance
The government on Friday refrained from releasing the caste-based data in its first Socio Economic and Caste Census released in eight decades and maintained that it was concerned with economic data which will help in effective implementation of its programmes.
Well then, what did DeMo achieve? As predicted by most economists, the volume of transactions fell, economic activity was adversely impacted, and some sectors (which were more dependent on cash transactions) witnessed greater disruption than others, says Rahul Khullar.
Full list of the rejigged Union Council of Ministers
India Inc is automating and squeezing more output from its workers and so needs fewer of them, finds out IndiaSpend Team.
The NITI Aayog's vice-chairman's charge holds ground.
The Prime Minister's Office has decided to set up a panel, led by former chief statistician T C A Anant, to deliberate on whether the enterprise-level quarterly data, which is released by the labour bureau, should be discontinued.
Time is running out: Will India manage to attain goals set by the UN.
Almost half the overall projects costing at least Rs 150 crore (Rs 1.5 billion) are facing a time lag as on March 31. Of 558 projects, 272 were running late when FY13 came to an end, official data showed.
Of the seven surveys presented under Modi govt, predictions of three were quite close to the actual GDP growth rate, one saw the base year change in between, but the last three were way off the mark.
The World Bank said improved infrastructure, specifically rural electrification, has had far-ranging effects
India's economy - ranked eighth in 2015 with a GDP of $2 trillion - is projected to climb past Brazil, the United Kingdom, France, Germany and Japan and become the world's third-largest in 2030 with a GDP of $7.3 trillion.
Prime Minister Narendra Modi's maiden speech from Red Fort last Independence Day outlined some grand programmes. Shehzad Poonawalla does a quick check on the progress made.
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