Jun 17, 2016 05:31 PM IST
This government has managed to keep the cereals prices under check and it would require similar strategies to keep a tab on pulses and vegetables if the monsoon fails to be plentiful, says Devendra Pant, the chief economist at India Ratings.
- Apr 11, 2016 07:53 AM IST
The consumer price index (CPI) rose 2.3 percent on-year in March, compared to a 2.5 percent forecast by a Reuters poll and in line with February's 2.3 percent on-year reading. Consumer inflation was down 0.4 percent on-month.
- Mar 15, 2016 07:38 AM IST
"February 2016 inflation numbers are down and on expected lines. Lower food inflation main reason," Department of Economic Affairs Secretary Shaktikanta Das tweeted.
- Mar 03, 2016 03:16 PM IST
The Food and Agriculture Organization's (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 150.2 points in February against a revised 150.0 points the month before.
- Dec 10, 2015 09:02 AM IST
Consumer prices rose 5.4 percent last month, according to the survey of 21 economists, which would mark an acceleration from 5.0 percent in October. The data will be released on December 14.
- Nov 16, 2015 12:53 PM IST
The fall was almost in line with the forecast made by economists in a Reuters poll of 3.83 percent. In September, the index fell a provisional 4.54 percent.
- Nov 10, 2015 12:34 PM IST
India's first back-to-back drought in three decades also complicates government spending calculations as Prime Minister Narendra Modi tries to prune a subsidy regime that has long propped up the rural economy, and he can ill afford to alienate rural voters after a bruising weekend electoral defeat in Bihar.
- Nov 10, 2015 10:34 AM IST
India's price rises have been fairly muted this year, giving the Reserve Bank of India room to ease policy aggressively, amid wider concerns about a global slowdown.
- Oct 30, 2015 08:01 AM IST
The core consumer price index, which includes oil products but excludes fresh food prices, was more than economists' median estimate for a 0.2 percent annual gain.
- Sep 30, 2015 03:45 PM IST
Fixing structural constraints that push up inflation could be critical in determining whether the Reserve Bank of India (RBI) considers easing policy further, these officials said, given government officials are already pushing for even more rate cuts.
- Sep 28, 2015 12:49 PM IST
The RBI is also likely to err on the side of caution as US interest rates are expected to rise by the end of this year for the first time since 2006, potentially putting pressure on emerging market currencies, including the rupee.
- Sep 23, 2015 03:19 PM IST
In growing contrast with the government, which is desperate to accelerate a sluggish recovery, an increasingly independent RBI under governor Raghuram Rajan remains focused on a long-term inflation target of 4 percent and ending decades of damaging price volatility.
- Sep 11, 2015 06:53 PM IST
It further said "the Reserve Bank of India paused its monetary easing cycle, but we expect there will be further cuts in 2015 as inflation continues to fall."
- Sep 10, 2015 08:59 PM IST
Initial claims for state unemployment benefits dropped 6,000 to a seasonally adjusted 275,000 for the week ended September 5, the Labor Department said on Thursday. It was the 27th straight week that claims remained below the 300,000 threshold, which is usually associated with a strengthening labor market.
- Sep 05, 2015 02:56 PM IST
Citing the sluggish economic recovery as the main reason for a rate cut, the report noted that the Q1 GDP print moderated to 7 percent from 7.5 percent in the previous quarter, with net exports contracting and private consumption slowing down.
- Aug 31, 2015 03:49 PM IST
The Finance Minister said oil and commodity prices have seen global slump and India is a net importer of these.
- Aug 28, 2015 11:53 AM IST
While the Bank of Japan has said it will look through the effect of slumping oil costs on inflation, the weak figures will keep it under pressure to expand its massive stimulus programme.
- Aug 11, 2015 01:59 PM IST
Over the last 19 months, inflation in India has halved from double-digit levels to below the Reserve Bank of India's 6 percent target, giving the bank room to shave 75 basis points off its key repo rate this year.
- Aug 10, 2015 01:35 PM IST
Entrenched expectations of high inflation in India are feeding into higher wages and other prices, which could tie Rajan's hands even as he faces growing pressure to cut interest rates for a fourth time this year to help a patchy economy.
- Aug 07, 2015 08:04 AM IST
A sharp fall in prices for vegetable oils and dairy products saw the Food and Agriculture Organization of the United Nation (UN)'s food price index fall to 164.6 points last monthâ€”one percent lower than in June and 19.4 percent lower than last year.
- Aug 04, 2015 04:18 PM IST
It also noted that RBI kept policy rate on hold to evaluate the impact of the reduction of 75 basis points in the key benchmark rate since January.
- Aug 03, 2015 03:25 PM IST
Amid all the poll data, what will The Governor of Reserve Bank of India, Raghuram Rajan, do on the 4th of August in his Monetary Policy? It will be a non-event, according to a CNBC-TV18 poll.
This is what the governor may not do on Tuesday.
- Jul 30, 2015 12:38 PM IST
All but four of 51 forecasters polled expect the RBI to hold its key repo rate at 7.25 percent on Aug. 4. It has already cut the rate three times this year to loosen credit and boost slowing growth in Asia's third-largest economy.
- Jul 24, 2015 07:04 PM IST
Rating agency ICRA on Friday said concerns on inflation are ebbing and the Reserve Bank should slash the key rates at the forthcoming policy meet for better transmission of its moves by lenders.
- Jul 20, 2015 09:11 PM IST
The agency is basing its optimism on the higher sowing of kharif food grain this year, which led to an increased acreage under pulses and higher reservoir levels than in FY15.