Donald Trump is returning, and the US economy is in for a wild ride.Trump has promised an escalation of tariffs on all US imports and the biggest mass deportation of migrants in history. He also wants a say in Federal Reserve policy. Many economists reckon the platform adds up to higher inflation and slower growth…
MUMBAI: The central bank’s projections indicate that inflation will moderate after remaining high in October, RBI governor Shaktikanta Das has said, while cautioning that geopolitical risks and weather events pose potential threats.“Sept inflation crossed 5%, and we expect October inflation to be high as well. However, our projections indicate that inflation will begin to moderate…
NEW DELHI: Leader of opposition in Lok Sabha Rahul Gandhi made yet another visit to a local barber shop and heard about his ordeal. The Congress leader posted a video of his interaction with the barber on X to tell “the story of every hard-working poor and middle class person of India today”.In the video,…
MUMBAI: Grocery bills are set to rise with FMCG companies planning to hike rates of household essentials like cooking oil, soaps and detergents due to higher commodity prices – like for palm oil and copra. The price revisions will keep upward pressure on inflation, which is being closely watched by RBI.Godrej Consumer said in its…
Donald Trump on Wednesday said that her presidential Kamala Harris, “in his opinion,” had bigger “cognitive problems” than “crooked” Joe Biden as he went on to criticise their policies on rising inflation in the States. He went on to say that the world was laughing at his rival as they couldn’t believe that she was…
MUMBAI: Coordination between RBI and govt has helped bring down the trade-off between battling inflation and growth, RBI governor Shaktikanta Das said.RBI has steadfastly maintained that there is no trade-off between growth and inflation in the long term, as low inflation is a prerequisite for sustainable growth. However, its monetary action to curb inflation, besides…
Kolkata: Gold came under pressure in India Thursday morning, but reversed the trend in the afternoon after international prices rose by $18 a troy ounce as the market felt the impact of the first interest rate cut by the US Federal Reserve in more than four years. Prices moved up to Rs 73,450 per 10…
MUMBAI: The new external members of RBI‘s monetary policy committee, who are likely to be appointed by govt this month, are set to face new risks to growth – evident in macroeconomic numbers.RBI governor Shaktikanta Das noted some external risks to growth in a recent speech at a Bretton Woods event in Singapore. Besides Das,…
MUMBAI: RBI governor Shaktikanta Das said that India’s growth potential is around 7.5% or more, higher than the central bank’s 7.2% forecast for the current financial year.The potential growth rate refers to the rate at which the economy can grow over the long term without triggering inflation. The governor made this statement at the Bretton…
August 2024 CPI: The Consumer Price Index (CPI) inflation for the month of August 2024 rose marginally to 3.65% versus 3.6% in July, according to the government data. The retail inflation number is well within RBI’s target range of 2-6% and lower than the ideal 4% number. In July 2024, the Index of Industrial Production…
