India’s wholesale price inflation in July rises to 1.88%
New Delhi: An exponential rise in food prices pushed India’s annual rate of inflation based on wholesale prices to 1.88 per cent in July, official data showed here on Monday. According to data from the Ministry of Commerce and Industry, the wholesale price index (WPI), with the revised base year of 2011-12, went up in July …
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GST will help in lowering inflation, propelling GDP: Arun Jaitley
New Delhi: Denying that the newly launched Goods and Services Tax (GST) will lead to inflation, Finance Minister Arun Jaitley on Saturday said the prices of maximum items will either go down or remain unchanged. Jaitley also said India will not face a situation like other countries where the GST like taxes have been rolled …
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India’s annual rate of Inflation slips to 3.85 per cent | Base year changed
TCA Anant, the Central Statistical Organisation’s chief statistician said that the change has been taken into consideration with current consumer basket and it reflects consumption patterns. “Entities more relevant to data collection have been included,” he said
RBI’s third policy review: Repo Rate retained, reverse Repo increases
The monetary authority, however, said that the monetary policy committee is worried on three fronts on the inflation and the general economy, namely, the impact of the monsoon, implementation of GST and the seventh pay commission award
Annual Inflation rate drops, Retail Inflation on a 13-month low
The Reserve Bank of India takes into account retail inflation while deciding on its key lending rate. Inflation remains a key concern for policy makers and it has decelerated sharply to 3.88 per cent in September compared with 5.91 per cent in August
Riskier firms should have more access to CPs: Raghuram Rajan
Rajan during his annual address at the Foreign Exchange Dealers Association of India, in Mumbai, on Friday, expressed his concerned about the lower rated firms in the market. The governor stated, though the flow of outstanding Commercial Papers (CPs) have doubled in the last two years to reach over rupees 3 lakh crore, the riskier firms do not have the required access to the bond market
Eat home cooked bread with salt and sing hymns in praise of God
Lucknow : Dal Roti Khao, Prabhu Ke Gun Gao. This used to be the chant a few years ago. This does not hold water any more.The reason is simple. Prices of pulses, of all varieties, have skyrocketed. So,it should be now read as: Namak Roti Khao Prabhu ke Gun Gao. Arhar variety of pulse crop was most popular in the …
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Diesel price hiked by Rs 2.26/litre, petrol by Rs 2.58/litre
New Delhi: Petrol and diesel prices were hiked by Rs 2.58 and Rs 2.26 per litre respectively on Tuesday. Revised prices will take effect from the next day. Fuel prices were last revised on May 16, when the cost of petrol was raised by 83 paise whereas diesel by 1.26 paise per litre. “The rupee-dollar …
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