New Delhi, June 19 (IANS) The minutes of the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting released on Friday show that India has been able to withstand the disruptions of the West Asia crisis because of the strong fundamentals of the economy. MPC member Nagesh Kumar said, “The Indian economy entered the West Asia crisis with much stronger macroeconomic fundamentals than most previous economic crises (including the global financial crisis, the taper tantrum, or Covid-19)….
Latest inflation News & Updates
Seoul, June 18 (IANS) South Korea plans to apply zero tariff rates on liquefied natural gas (LNG) and liquefied petroleum gas (LPG) within quotas in the second half of 2026 as the country seeks to tame inflation amid lingering global energy price volatility, the finance ministry said on Thursday.The Ministry of Finance and Economy said tariff rates on LNG, LPG and crude oil used for the production of LPG will be lowered to zero in the second half, noting the measure is expected to help stabilise…
New Delhi, June 14 (IANS) Pakistan is once again grappling with mounting inflationary pressures, with rising food, fuel and utility costs putting renewed strain on households and raising concerns over the sustainability of the country’s economic recovery, a report has said.Official data showed that short-term inflation, measured by the Sensitive Price Index (SPI), increased by 14.75 per cent year-on-year for the week ending June 4, as per Pakistan Observer report.The rise was largely driven by h…
New Delhi, June 13 (IANS) Foreign portfolio investors (FPIs) are unlikely to continue selling big in India in the context of stable currency and improving economic prospects and the selling is likely to slow down significantly, analysts said on Saturday.There is a decreasing trend in FPI selling in India. On Friday, FPIs sold only for Rs 1,082 crore in the equity cash market.“Recent geopolitical developments, which everyone expects to lead to a peace deal between US and Iran have led to sharp …
New Delhi, June 12 (IANS) The moderation of headline retail inflation below 4 per cent reflects the resilience of India’s macroeconomic fundamentals and the effectiveness of ongoing efforts to maintain price stability, industry chamber PHDCCI said on Friday.Retail inflation, measured by the Consumer Price Index (CPI), stood at 3.93 per cent in May (year-on-year), remaining below the Reserve Bank of India’s medium-term target of 4 per cent despite a modest increase from 3.48 per cent in April.The…
New Delhi, June 12 (IANS) Economists on Friday said while a build-up in price pressures is being watched closely against the backdrop of the ongoing West Asia conflict, India’s inflation is at still below the mid-range of the 2-6 per cent target, and thereby less of an immediate policy concern.India’s retail inflation stood at 3.93 per cent in May, remaining below the Reserve Bank of India’s medium-term target of 4 per cent, according to provisional data released by the Ministry of Statistics …
Washington, June 11 (IANS) The conflict in the Middle East is emerging as a major economic threat to South Asia through rising oil, gas and fertiliser prices, with the World Bank warning that the region is among the most exposed to the fallout from the crisis despite remaining the world’s fastest-growing economic region.The World Bank’s latest ‘Global Economic Prospects’ report projects South Asia’s growth to slow from 7 per cent in 2025 to 6.3 per cent in 2026 as higher energy costs, inflationa…
Guwahati, June 10 (IANS) Congress MP Gaurav Gogoi on Wednesday attacked the Bharatiya Janata Party (BJP)-led Centre over rising prices and economic concerns, alleging that the government was avoiding questions on inflation while attempting to divert public attention to other issues. Speaking to reporters, Gogoi said people across the country were increasingly worried about their economic future and the rising cost of living. He argued that concerns about inflation, fuel prices, and household exp…
New Delhi, June 9 (IANS) Fitch Ratings has kept India’s GDP growth at 6.4 per cent for FY27, saying that the ongoing West Asia crisis and global oil situation are likely to slow down the economy in the upcoming quarters this fiscal.In a note, the global leader in credit ratings and research said that “We expect GDP growth to ease to 6.4 per cent in FY27, a downward revision of 0.3pp from March”.Domestic demand will be the main driver of growth, but lower imports in real terms imply positiv…
Guwahati, June 9 (IANS) Assam Chief Minister Himanta Biswa Sarma on Tuesday asserted that the governmnet employees and pensioners are important part of the growth trajectory of the state and the cabinet’s decison in two per cent increase in Dearness Allowance (DA) and Dearness Relief (DR) for state government employees and pensioners, raising the rate from 58 per cent to 60 per cent will be effective from July.The decision is expected to benefit more than eight lakh serving employees and pension…