Bhopal, June 8 (IANS) In a significant relief for contractual workers, the Madhya Pradesh government led by Chief Minister Mohan Yadav has decided to increase the remuneration of contractual officers and employees by 4.46 per cent annually. The Finance Department issued orders to this effect, making the hike effective retrospectively from April 1, 2026.The decision is expected to directly benefit around 1 lakh contractual officers and employees working in various state government departments. Th…
Latest Consumer Price Index News & Updates
New Delhi, May 31 (IANS) The Reserve Bank of India (RBI) is likely to hold repo rate hike in its June monetary policy meeting and must use short-term rates and nudging to manage the pressure on the domestic currency, an SBI Research report said on Sunday.“Our call is along ‘hold the rates’ with a data-driven future dependency. However, an inflation targeting central bank can always use interest rate tools like operation twist that addresses market microstructure,” the report suggested.It…
New Delhi, May 14 (IANS) India’s inflation rate based on the wholesale price index (WPI) rose to 8.3 per cent during April, compared to the same month of the previous year, primarily due to an increase in prices of fuels and crude oil amid the Middle East conflict, according to a statement issued by the Ministry of Commerce and Industry on Thursday.The WPI inflation for April was higher than the corresponding figure of 3.88 per cent recorded for March this yearWPI food inflation remained constan…
New Delhi, May 13 (IANS) The consumer price index inflation rose mildly to 3.48 per cent in April from 3.40 per cent in March, and CPI‑based inflation is expected to average 5.1 per cent in fiscal 2027, a report said on Wednesday.”While the conflict in West Asia has crossed 74 days, the upside risks to retail inflation seem to be materialising at a snail’s pace, indicating that the consumer remains largely protected so far,” the report from Crisil Ratings said.The Reserve Bank of India’s M…
New Delhi, April 12 (IANS) India’s retail inflation rate, based on the new Consumer Price Index (CPI) series, was recorded at 3.48 per cent in April compared to the same month of the previous year, according to data released by the Ministry of Statistics on Tuesday.The commodities that posted the highest inflation during the month were silver jewellery, which saw a 144.34 per cent jump in prices and gold jewellery, which clocked a 40.72 per cent increase in prices.Overall food inflation in April…
Jaipur, April 30 (IANS) Ahead of the International Workers’ Day, former Chief Minister Ashok Gehlot has written to Chief Minister Bhajan Lal Sharma, raising serious concerns over low minimum wage levels in Rajasthan and urging immediate corrective measures.In his letter, Gehlot highlighted that Rajasthan ranks among the lowest-tier states in the country in terms of minimum wages, according to data from the state’s Labour Department as of March 2026. He described the situation as “extremely…
New Delhi, April 18 (IANS) India, which entered the global geo-political conflict from a situation of strength, is projected to grow at 6.8 per cent in FY27, as fears of super El Nino could cloud growth estimates, with inflation average at 4.5 per cent, an SBI Research report said on Saturday.“India continues to demonstrate resilience with GDP likely to grow in the range of around 6.8 per cent-7.1 per cent, despite global uncertainties and regional conflicts,” said the report.The gross fisca…
New Delhi, April 15 (IANS) India’s inflation rate, based on the wholesale price index, edged up to 3.88 per cent during March, compared to the same month of the previous year, primarily due to the increase in prices of crude oil and natural gas and manufactured products.The WPI inflation was higher than the corresponding figure of 2.13 per cent recorded in February this year.WPI food inflation remained constant at 1.85 per cent in March this year compared to the same month of the previous year.T…
New Delhi, April 13 (IANS) India’s inflation rate, based on the new Consumer Price Index (CPI) series with 2024 as the base year, edged up to 3.4 per cent in March compared to the same month of the previous year, according to data released by the Ministry of Statistics on Monday.The commodities that recorded the highest inflation during the month were silver jewellery, which saw a 148.61 per cent jump in prices, and gold jewellery, which clocked a 45.92 per cent increase in prices.Overall food i…
New Delhi, April 12 (IANS) Pakistan is facing renewed concerns over rising poverty levels, with fresh estimates by the Social Policy and Development Centre (SPDC) suggesting that the country’s poverty rate has climbed to 43.5 per cent, a report has said. This figure is significantly higher than the 28.9 per cent estimated by the Pakistan Bureau of Statistics (PBS) based on the Household Integrated Economic Survey 2024-25, as per the Business Recorder report.The divergence in estimates stems la…