Rajan had overturned the majority opinion of the members and chose to hold the rates at the last monetary policy review in October.
While consumers feel that petrol pinches directly, diesel hurts indirectly, as it is an input in almost all the goods and services we use.
Foodgrain production stood at an all-time high of 257.44 million tonnes in 2011-12 crop year (July-June) on the back of record output of wheat and rice.
On one hand Karnataka Agriculture Minister Umesh Katti, Water Resources Minister Basavaraj Bommai and Rural Development Minister Jagadish Shettar are plotting the fall of Chief Minister Sadananda Gowda, while on the other hand the state continues to reel under drought with 123 taluks declared as drought hit.
After unseasonal rains, supply disruptions and pandemic-induced woes pushed retail inflation well over the Reserve Bank's comfort zone in 2020, the scenario is likely to stay that way at least in the short term as economic recovery slowly gains foothold. For most part of this year, pricier food items pushed the retail inflation, based on Consumer Price Index (CPI), higher in the range of 6.58-7.61 per cent, except for March when the reading was 5.91 per cent. Experts believe retail inflation is likely to average around 6.3 per cent this fiscal and mostly will remain sticky going forward owing to pick-up in demand across sectors.
The cost of production of onion is around 800-900 per quintal, while prices are hovering around 500 per quintal across major wholesale markets.
The core inflation is down and there is a need to push growth.
The fear of price rise gained momentum after reports surfaced that the NAFED procured 50,000 tonnes of onion this season.
Benchmark policy rate unchanged at 6.75 per cent.
Foodgrain output stood at 129.94 million tonnes (mt) in last year's Kharif season.
However, the estimates could change in the coming months, as full impact of excess rainfall and floods on the standing soybean and urad crops in central and western India in late August and September has not yet been fully taken into account.
The fall in production of rice and oilseeds pulled down the growth in the agriculture sector to 2.9 per cent in the first quarter of the current fiscal, even as wheat and cotton output increased.
Sources said the rural development ministry has sought an additional Rs 20,000 crore for MGNREGA for 2019-20 over and above the budgeted Rs 60,000 crore for 2019-20. Though, all of the PM-KISAN savings may not be transferred to fund MNGREGA's extra needs, sources said a part of this could be transferred.
Some NGOs and individual petitioners have moved the apex court against the decisions of some high courts, including the Bombay high court and the Kerala high court, to allow municipal authorities to deal with the stray dogs menace as per the rules.
He also assuaged the honest people that the government will act as a friend to them so that their difficulties are eased.
Pakistan runner Rabia Ishaq will be motivated by the memory of a dead friend and colleague when she appears as one of her nation's two female athletes at the London Olympics.
Rabi Ranjan Chattopadhyay, Trinamool Congress candidate from Burdwan South Assembly seat alleged that four Electronic Voting Machines of the constituency are missing on Wednesday.
The recovery seen in the increased economic activity till September or October is running out of steam. Labour statistics indicate a substantial slowing down of the economy in November, notes Mahesh Vyas.
FCI's suspension of tur under MSP is likely to force farmers to undergo distress sales of the commodity.
Nobody likes misery for company, especially on a holiday, says Kishore Singh.
Besides regular buyers, there is lot of interest among those in essential services, such as health, banking, and IT. The sales will be helped by social distancing becoming the new normal in both urban and rural regions as people will be averse to using public transport.
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.
Even though he consults chief ministers at regular intervals, the ultimate decision is still his own. He will be blamed, nobody else, if, god forbid, there is a huge spurt in fatalities after the reopening, notes Virendra Kapoor.
'The TMC forgets that if people don't stand by you, your party will never win.'
The country had imported 5.5 million tonnes of pulses last year.
The impact of weak monsoon so far this year on India's farm production and economy is likely to be limited, the central bank said, as rainfall levels have improved considerably over the past one month.
This crisis requires political sophistication and governance skills. This BJP has neither, observes Shekhar Gupta.
The wholesale price index inflation is projected at 6.4 per cent for 2017-18.
Traders estimate around 30 per cent of rabi crop damage.
Prices moved up sharply in recent months.
As Tagore's 150th birth anniversary became a trending topic on Twitter, the social media site, it seemed like a good time to ask which Tagore we were celebrating.
Food inflation further eased to 16.04 per cent for the week ended April 24, as arrival of rabi (winter) crops cooled down prices of essential items.
Poor rainfall has also depleted water reservoirs levels, which is likely to impact the winter crops.
The El Nino risks for this year is rising in India and it could result in sub-par rains, says a report.
A good agricultural harvest and a timely arrival of monsoon, besides a slew of government schemes, have also come as a bounty.
A group of Maoists kidnapped a school headmaster in West Bengal's Bankura District on Friday evening and threatened to kill him if the state government failed to release the six villagers arrested after police officer Rabi Lochan Mitra's murder. On Friday evening, the armed Maoists barged into Shibram Satpathy School in Sarulia village of the District and went around searching for its headmaster Ranjit Duley.
Reader Ranjan Banerjee, 62 from Baripada, Orissa takes us back in time.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
While efforts are being mounted on a war footing to arrest its spread, COVID-19 will impact economic activity in India directly through domestic lockdown. The second-round effects, it said, would operate through a severe slowdown in global trade and growth.
Even as Prime Minister Dr Manmohan Singh is eyeing a decline in inflation to 5-6 per cent by the year end, Planning Commission member Dr Narendra Jadhav said only a good monsoon and augmentation of agriculture production could help achieve the target.
