Concerned over the state of the world economy and depreciation of the US dollar, Chinese Premier Wen Jiabao on Tuesday said 2008 would be the "most difficult" for the country's economy as it faced the potential risk of economic fluctuations.
Chief economic adviser to the finance ministry Arvind Virmani on Wednesday said the retail price-based inflation, which is ruling above the wholesale price index, will come down with a lag but would not fall as much as the rate of rise in wholesale prices is falling.
In April, RBI had projected retail inflation to be around 5 per cent.
October infrastructure output, which contributes nearly 38 per cent to the industrial output index, was up 3.2 per cent annually.
There are seven potential buyers, ranging from the Port Talbot steelworks' management to the UK steel industry investors Liberty House
The duty on buses which carry more people is the same as that on small cars, such is our warped policy.
China's inflation rate rose to 8.5 per cent in April, bouncing back to hover near 12-year highs, bringing more pressure on government to tame rising prices, identified by it as the "biggest concern".The Consumer Price Index (CPI), main gauge of inflation, rose 8.5 per cent from 8.3 per cent in March and remained close to a nearly 12-year monthly high of 8.7 per cent recorded in February, the National Bureau of Statistics said.
Rajan has ignored pressure to loosen policy.
Retail inflation in pulses and products category rose to a staggering 42.20 per cent in October.
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The survey showed firms passed on a greater cost burden to consumers. Prices charged rose at their fastest pace since October.
Finance Minister P Chidambaram attributed on Friday the fall in wholesale prices-based inflation to steps taken on the monetary front and said the government will continue to monitor the price-situation. He said consumer prices-based inflation was also down by 80 basis points in September over the previous month. The point-to-point rate of inflation, based on the CPI-IW, has decreased from 7.26 per cent in August to 6.40 per cent in September.
The Ministry of Statistics and Programme Implementation (MOSPI) is in talks with the Department of Posts to take the help of its staff in collecting sample data for the proposed Consumer Price Index for Rural India (CPI-R). The data for the index would be collected from 1,000 villages, Chief Statistician of India Pronab Sen said on the sidelines of a national seminar on the results of the 61st round of the National Sample Survey.
Recommends delisting of chana futures, open to lowering sugar import duty
With GST, demonetisaton and the banking sector reset, investment banker Christopher Wood expects PM to focus on generating jobs ahead of the 2019 election.
6 per cent increase in DA for Central govt employees
It's time to focus on building a modern information system for Union excise and state VAT.
In spite of Governor Raghuram Rajan's repeated concerns about inflation, many think there may still be a loosening of stance.
Inflation rate in fuel and power segment was (-)16.50 per cent.
'Urjit Patel's appointment is a right decision and in the interest of the country.'
The bank added that with the inflation trending down -- consumer price inflation for August eased to 7.80 per cent -- the rate adjustment will continue to ensure that the depositors are compensated 'adequately with a positive real rate on their deposits.'
Retail inflation rose marginally to 9.84 per cent in September, mainly due to a hike in food prices, particularly of vegetables.
All sectoral indices, led by realty, PSU, oil & gas and banking, were in positive zone with gains of up to 1.25 per cent.
Economic think-tank, Institute of Economic Growth said on Wednesday it expected widely tracked wholesale prices-based inflation to hover above 6 per cent for the present quarter.
The consumer price index was estimated as being up 3.5 per cent in March from a year ago, the biggest increase in 15 years. On June 6, 2007, the European Central Bank raised its key interest rate from 3.75 pe cent to 4.00 per cent, the highest level in almost four years. In terms of economic freedom, old Europe still lags behind. The Heritage Foundation has the three largest economies, Germany, France, and Italy, ranked 19th, 45th, and 60th respectively in the world.
Food inflation was 7.79 per cent last month, higher than a revised 7.47 per cent in May
Elections are about exploiting emotions and not things like roti, kapda and makan, a very senior BJP politician tells T C A Srinivasa-Raghavan.
'The recovery process for the Indian economy would be gradual'.
On one hand, Operation Greens should help to smoothen volatility in the prices of vegetables, whereas the proposal to enhance and extend minimum support prices to augment farmer incomes, may emerge as an inflation risk.
Oil, banks eneded the day in green while few in auto sector lost heavily.
The central bank will respond 'swiftly' and use monteary tools to contain runaway inflation, which could dampen the growth momentum, Reserve Bank of India deputy governor Rakesh Mohan said on Tuesday.
Retail prices of palm and sunflower oils are likely to drop by Rs 2 per litre, following a reduction in import duty by 10 to 12.5 percentage points effective Wednesday.
In October, CPI inflation was 5 per cent.
Data earlier on Thursday showed the annual consumer price inflation rose to a higher-than-expected 11.24 per cent in November from 10.17 per cent in October.
Central and state government employees would be entitled to five per cent additional dearness allowance of basic pay and 50 per cent DA from July 1, 2006 following proportionate increase in price index since January this year.
Inflation pegs down currency value, re-allocates resources, reduces potential economic growth and leads to the attrition of gross domestic savings.
Retail inflation in April softened further and fell to a four-month low of 4.87 per cent.
The home currency failed to keep momentum going and largely traded in a narrow range with positive bias in the absence of any market moving factors
With RBI holding on to rates, investors should avoid longer duration funds for the near future, experts tell Joydeep Ghosh
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