The move aimed at blunting Finance Ministry, RBI's opposition to monthly reporting.
Global banking major, HSBC has retained its India GDP growth forecast of 6.2 per cent in FY10 but hiked the outlook for next fiscal by 0.5 per cent to 8.5 per cent given the economic recovery.
The finance ministry and Reserve Bank of India have reservations on the computation of inflation data on a monthly basis, a senior government official said on Thursday. Finance Minister P Chidambaram will have to meet the Reserve Bank to reach a consensus on the committee's suggestions to have a new series of WPI on a monthly basis, he said on the sidelines of a function to release the results of the Fifth Economic Census.
Food prices saw a sharp rise of 3.12 per cent in March compared to 2.69 per cent in the previous month
While third quarter results do not reflect it, the sector's reluctance to cut interest rates points towards either high NPAs or wrong strategies.
Rising prices of food items and industrial goods are likely to push inflation to eight per cent in the next six months, much above the RBI's projection of 5 per cent, global financial services firm Nomura has said.
While the finance minister is in favour of sacrificing some growth to curb inflation, the problem lies in inflation being more a supply-side than a demand-led problem.
The 30-share Sensex ended down 66 points at 28,438 and the Nifty ended down 15 points at 8,633.
The S&P BSE Sensex dropped 1 points to end at 26,396 and the Nifty50 slipped 2 points to end at 8,109.
The agriculture sector has witnessed feeble growth on account of drought for two successive years
BSE Auto was the top sectoral loser with a 4.6% fall followed by realty sector down 3.7% and consumer durables 3.6% post disappointing IIP numbers
Inflation is far too important a problem to have to rely on an inadequate and, ultimately, unreliable database for solutions.
Earning woes drag markets lower; TCS, HUL lead fall.
What differentiates Rajan from his predecessors is his proactive steps in anticipating a problem and coming up with out-of-the-box solutions
Food inflation in April stood at 6.08 per cent, while the overall WPI inflation fell to a three-year low of 4.89 per cent.
Finance Minister Chidambaram said rising prices of primary food articles was worrying him. High food prices the world over and a supply-demand mismatch were behind the high prices, he said, adding this was beyond the influence of the monetary policy.
The Reserve Bank of India may soon be given the job of both collecting and processing inflation data.
Zero inflation will pave way for rate cuts in the next RBI policy.
The recent softening of inflation is purely a base effect at play.
In December, the index fell a provisional 0.73 per cent.
Fifty per cent of bank restructured assets were in infrastructure, steel, power and telecom sectors.
It is the six per cent target RBI is more concerned about.
The report further noted that inflation is expected to fall to 4.5 per cent by quarter ended March 2017.
In December 2014, it was (-)0.50 per cent.
It may begin that way with, say, supply shortages in farm products due to adverse weather, but if monetary policy is eased to accomodate this, the effects become permanent.
RBI recently cut repo by 0.25 percentage point, taking the rate to 7.25 per cent in three reductions since January.
A host of factors including the reform measures taken by the government and decline in global oil and commodity prices have led to lower inflation, the Finance Ministry said on Wednesday.
Credit as a proportion of GDP is low in India by international standards.
The rupee and a BMW both move fast. So will a rise in the rupee make the BMW move even faster?
There is considerable evidence to suggest that the Indian inflation problem is a has-been problem, a problem that has ceased to be.
In spite of Governor Raghuram Rajan's repeated concerns about inflation, many think there may still be a loosening of stance.
"The poor will not suffer disproportionately due to bouts of sharp inflation, and the middle class will not see its savings eroded," Raghuram Rajan said.
Inflation fell for the second consecutive week to 7.02 per cent for the week ended December 4, mainly due to cheaper primary and fuel products.
Infrastructure and inflation targeting are expected to be top priorities for the new Reserve Bank of India governor, says A V Rajwade.
Brokers said a flurry of buying by investors in blue-chips mainly influenced the sentiment.
In industrialised countries inflation is less than 2 per cent, while most of the developing countries experience nearly double-digit or more inflation
India economy clocked a five-year high growth rate of 7.6 per cent in 2015-16.
In October, CPI inflation was 5 per cent.
Sensex has shed over 150 points in afternoon trade.
Inflation rose to 4.77 per cent for the week ended September 23 from 4.56 per cent in the previous week, mainly due to spurt in prices of pulses, wheat and iron ore.
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