How will global slowdown affect India? When will RBI's steps to rein-in inflation start show results? Former RBI deputy governor Rakesh Mohan answer these in a conversation with Business Standard
The Congress on Saturday accused the Modi government of cheating farmers and said the Minimum Support Price for rabi crops announced by it is even lesser than the rate of inflation. Congress general secretary Randeep Surjewala said even as the BJP dispensation is patting its back for MSPs, it has in fact "duped the farmers" and claimed that their hard labour has got lost in the lights of Diwali. "The Modi government has once again cheated the farmers on the MSPs. The MSP of Annadata farmers' hard work got lost again in the lights of Diwali. The Modi government patted its back by announcing the MSP of rabi crops, but duped the farmer and left them to shed tears of blood," he said in a series of tweets in Hindi. Calling out the BJP for what it called as "fraud with farmers", he said the bitter truth is that the Modi government only announces MSP but does not buy crops on the MSP and demanded that the MSP law granting legal status to MSP is urgently required. "BJP's 'Shakuni Chausar'
The BSE MidCap index fell about 4 per cent in Samvat 2078, while the BSE SmallCap index added 0.4 per cent
"As far as monetary policy is concerned, moderation in the core inflation should be the priority," Shashanka Bhide, an external member of the Reserve Bank of India's monetary policy committee, said
Is the worst of inflation behind us? How Meesho cashed in on the festival season? Should you buy stocks of jewellery retailers this Dhanteras? What is market capitulation? Answers here
But cautions that fight against price rise will be 'dogged and prolonged'
He says that the market valuation premium over emerging market (EM) peers is around 70% versus the long-term average of nearly 40%
The fall in the Indian market is far subdued, compared to many global peers that have slipped into bear-market territory
High inflation will keep the markets on edge as they were hoping that the global central banks, especially the US Fed and the RBI will go soft on rate hikes over the next few months
RBI has to manage multiple risks. Economists argue the system has got so used to lower rates and higher liquidity that a sudden tightening could lead to financial market dislocations
Since the start of the Russia-Ukraine war in February, almost all the economies have been facing high inflation mainly driven by high commodity costs, and supply chain constraints
The September imports jumped 18% from a month ago to 1.17 million tonnes, the highest since last September, the Solvent Extractors' Association of India, a trade body based in Mumbai, said
Prime Minister Narendra Modi on Monday said that inflation in the country is much lower than that in developed countries.
A higher than expected production cut by the group will add to the strain on government finances
Inflation target retained at 6.7%; trajectory remains uncertain: Governor
A new report reveals people in villages are concerned about inflation and its impact on their financial condition
On Friday, RBI increased the repo rate by 50 basis points taking the key repo rate to 5.9%; here is why it should matter to you
Margin levels could see an improvement on higher volumes, price hike
The Finance Ministry increased the validity of electronic duty credit scrips under various schemes to 24 months, giving more flexibility to exporters
Earlier forecast was 7.2%; institution says high inflation is another growth hurdle, cut FY24 forecast to 7.2% from 7.8%