In the current fiscal so far, retail inflation stabilised around 5 per cent, while wholesale price-based inflation averaged around 2.9 per cent during April-December.
Drought fears will subside if the momentum generated is maintained in August.
Monsoon is expected to cover central and eastern India after Tuesday.
Budget 2018 bears imprints of a government unsure of second term with clear majority, says Shekhar Gupta.
Progress of monsoon, investment trend by foreign investors and the movement of rupee against the dollar will also influence sentiment
They are worried at more than one forecast of a possibly weak monsoon, reports Dilip Kumar Jha.
The RBI has targeted consumer price inflation at 6 per cent by January and 4 per cent by March 2018.
A below-normal monsoon can bring down India's GDP growth by 0.50-0.75 per cent this financial year, forcing the Reserve Bank to delay rate cuts to 2015, Bank of America-Merrill Lynch (BofA-ML) said.
Despite the growing clamour from the central government on India turning digital, and banks requesting direct bank account transfer, the state government decided to hand over cheques to the farmers, which can be immediately converted into cash.
Agriculture implements that are currently taxed up to 18 per cent may come under the 12 per cent or the 5 per cent bracket.
The minimum support price for the rabi season will not radically alter the falling trajectory of farm incomes
All is not well with Telengana and its Chief Minister K Chandrasekhar Rao
The environment ministry is likely to allow generic modification of food crops.
Timely onset of south-west monsoon is crucial for kharif (summer) crops.
Higher rural incomes, pay commission benefits, and lower interest rates are key positives: Analysts
BJP's best bet lies in the TDP and the TRS striking a deal with the Congress and framing the battle as a UPA versus NDA clash, reports Radhika Ramaseshan.
Retail inflation measured by the consumer price index has risen sharply across food and non-food constituents, including services, keeping inflation expectations high, the Reserve Bank of India said in its Second Quarter Review of Monetary Policy 2013-14.
El Nino, which refers to warmer-than-average sea surface temperatures in the central and eastern tropical Pacific Ocean, will likely to keep CPI inflation up at 8-10 per cent in the second half of 2014 and will pose a 50-70 basis point risk to this fiscal's growth expectation, the report by financial services major Bank of America Merrill Lynch said.
Reserve Bank, in its mid term review of the monetary policy on Friday, decided to hike short term policy rate by 0.25 per cent after a gap of two years and ease liquidity by reducing the marginal standing facility rate for banks.
The labour force fell from 43.97 crore in 2016-17 to 42.61 crore in 2017-18
The downward trend in prices might continue as demand is unlikely to recover in May. Moreover, increased production has also put pressure on prices of commodities.
The central government's deposits with the RBI had fallen to just Rs 100 crore as of June 8.
The government will announce minimum support prices for kharif.
'This announcement is big foolishness.' 'The government has no idea of economics. They are just announcing what comes to their mind.' 'Let them implement what they have announced and just see what will happen in two years.'
Rains have been 5% below normal so far, but Met department sticks to its forecast
RBI in wait and watch mode as several risks to inflation continue to exist including a sudden reversal of food prices and oil price volatility.
With about 40 per cent deficit rainfall during the monsoon season in parts of the state and shrinkage in sowing area, the Andhra Pradesh government has directed the Tirumala Tirupati Devastanam to "perform Yagnas" in temples to propitiate the rain God.
As many as 116 farmers have committed suicide due to agrarian reasons so far this year, with maximum cases reported in Maharashtra, followed by Punjab and Telangana.
Making the announcement, Chief Minister Devendra Fadnavis said this was the "biggest" loan waiver scheme in the country.
Chief minister Shivraj Singh Chouhan's task is to live down the hype and address the nitty-gritty, reports Radhika Ramaseshan.
Indian cotton and paddy could see their competitiveness in international markets take a hit
Hopefully, the small recovery in the labour force and employment seen in the September-December 2017 wave will gather momentum in the coming waves, says Mahesh Vyas.The challenge, says Mahesh Vyas, is to find the corresponding jobs for these aspirants.
Next week could see some respite from the heat.
The six-member monetary policy committee voted 5:1 for the decision, with only Ravindra Dholakia voting for a 0.25 per cent reduction in rates.
Of all the pulses, tur appears to be the most desired.
'He is not looking at the interest of farmers. He only wants to do the politics of elections.' 'This Budget is for the new super India. It is exploiting the villages of Bharat.'
The country had imported 5.5 million tonnes of pulses last year.
The S&P BSE Sensex ended up 129 points at 26,843 and the Nifty50 ended up 39 points at 8,220.
Madhya Pradesh, Maharashtra, Rajasthan, Chhattisgarh (all BJP-ruled), Karnataka, Haryana, Punjab, Uttar Pradesh, Jammu and Kashmir, Bihar, Assam, West Bengal and Kerala are among the worst performers.
Experts said many of the programmes started in the last one year have been dogged by poor implementation, something which the state seriously needs to answer as it faces a tough electoral battle in the months ahead.
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