Page 9 - India Inflation

Lalu Yadav hits out at BJP, says country heading towards civil war

Rashtriya Janata Dal chief Lalu Yadav on Sunday launched a scathing attack against the ruling Bharatiya Janata Party at the Centre and alleged that the country is "heading towards civil war".The former Bihar CM also called upon the people to unite against inflation and unemployment."The way BJP is working, the country is moving towards civil war. I call upon the people to unite against inflation, unemployment & corruption in the country. We've to fight united & we'll win," Lalu said at the Sampoorna Kranti Diwas while addressing virtually.Lalu also appealed to the secular forces to unite and fight together."We do not have to back off," he said.Meanwhile, Lalu was granted bail in the Rs 139.35-crore illegal withdrawal from Doranda Treasury by the Jharkhand High Court in April. The case is related to the fodder scam.In February, a special Central Bureau of Investigation (CBI) court in Ranchi held RJD chief and former Bihar Chief Minister Lalu Prasad guilty of fraudulent ...

Other countries facing steep inflation as compared to India: Hardeep Puri

The surge in inflation is largely driven by rising fuel and food prices, government data showed

Freight rates in May fall but transporters defer fleet expansion plans

Customers pay less after six months for but transport companies feel the pinch of inflation.

Slowing profits

Inflation is affecting demand and margins

Monetary policy will be calibrated to rein in inflation: RBI annual report

Surplus to government fell due to large transfer to Contingency Fund

Structural reforms essential for sustained, balanced, inclusive growth: RBI

RBI stressed that the future path of growth would be conditioned by addressing supply-side bottlenecks, calibrating monetary policy to bring down inflation and boosting capital spending

Moody's slashes India's 2022 GDP growth forecast by 30 bps to 8.8 per cent

In its update to Global Macro Outlook 2022-23, Moody's said high-frequency data suggests that the growth momentum from December quarter 2021 carried through into the first four months this year

India's retirees tap savings, cut down expenses as living costs soar

Sharply rising prices are hitting older people the world over as global supply problems caused by the pandemic -- and made worse by the Ukraine war -- propel food and fuel costs higher

India considers tax cut on soybean and sunflower oil to cool prices: Report

Curbing the tax could be one of the limited options available for the government to reduce surging vegetable oil prices in the world's second most-populous nation

Heatwaves may make India's inflation problem worse, hurt growth: Moody's

Over the longer term, India's highly negative credit exposure to physical climate risks means its economic growth will become more volatile

Cong slams govt over inflation, says stop resorting to 'optical delusion'

A day after the government cut excise duty on petrol and diesel, the Congress on Sunday accused the BJP of resorting to "trickery" to create an "optical delusion''

Gyanvapi row an attempt to divert attention from economic situation: Pawar

The resurrection of controversy surrounding Varanasi's Gyanvapi mosque was a part of efforts by the BJP to divert people's attention from the issues such as inflation and unemployment, Sharad Pawar

'Soaring prices' hurting middle class, says Congress leader Chidambaram

P Chidambaram on Friday highlighted the "plight" of the middle class due to rising prices of daily use items and said if such is their state, imagine the "terrible pain" of the poor families.

Priyanka slams govt on inflation, says people may have to take loans

Congress leader Priyanka Gandhi Vadra attacked the Centre over rising prices, alleging that not a single policy of the BJP govt is aimed at enhancing the income of the middle class and the poor

Wheat export ban marginally positive for India inflation: British Brokerage

The ban on wheat exports is only "marginally positive" for the domestic inflation outlook, a British brokerage said on Tuesday.

Best of BS Opinion: Reforming NITI Aayog, Adani-Holcim deal, and more

Here are the top BS Opinion articles of the day

Finance ministry didn't claim inflation hurts rich more than poor, says PIB

The claim and counterclaim over inflation come at a time when retail inflation rose to an eight-year high in April to 7.8 per cent

RBI likely to hike rates by 75 bps by August, say SBI economists

The economists said they did a study of the Russian invasion's impact on inflation, which revealed that 59 per cent of the jump in prices is due to geopolitical events

Vehicle fuel prices responsible for around 30% of April inflation spurt

The RBI's Monetary Policy Committee is likely to hike the repo rate in June after it had announced a 40 basis point increase in it in an off-cycle announcement earlier this month

Inflation: Why RBI should have paid more attention to detergent prices

Operating at magic price points is like running a high-school experiment in "titration," dripping a liquid of known properties into another of unknown concentration and stopping when the color changes