WPI inflation has remained in the double-digit for the sixth consecutive month beginning April, and a lower rate of inflation was recorded in March at 7.89 percent.
A shortage of foreign currency has hindered the ability of the island nation of 21 million people to import goods, prompting the government to declare a state of emergency and impose rationing.
Some economists are worried that sustained oil prices of $80 per barrel could undermine the recovery of the global economy, already under strain from snags in supply chains.
The All-India CPI-IW (consumer price index-industrial workers) for August 2021 increased by 0.1 point and stood at 123 points.
The debt-to-GSDP ratio had risen to a decadal high of 34 percent last fiscal after the first COVID wave caught everyone by complete surprise
In an exclusive interview to political editor Marya Shakil of CNN-News18, she also addresses the Infosys controversy by saying that the “anti-national statement" made by RSS-backed magazine Panchajanya was not right at all.
Inflation in food articles eased for the third straight month, and was at 'zero' percent in July, down from 3.09% in June, even as onion prices spiked. Inflation in onions was high at 72.01%
Inflation in fuel and power basket eased to 32.83 percent during June, against 37.61 percent in May
Two Gujarat Congress MLAs, several workers detained for protests over inflation, rising petrol, LPG prices
Protesters in Gujarat carried placards with slogans that read "People suffer due to price rise, but government remains indifferent" and "Enough of inflation, now where is the Modi government?"
Brands have tried to justify shrinkflation-related decisions as being about promoting lower consumption, especially in the case of edible goods, and also as an environmentally conscious decision. Some also claim it is part of a drive to improve the quality of their products.
While globally, harvests and harvest outlooks are expected to fall short of expectations, demand of food has remained high due to stockpiling by countries, pushing up the prices
The brokerage expects inflation to be at 5.4 percent for FY22, higher than the previous fiscal's level and attributed the present surge in the price rise situation to global commodity prices
80% of India's informal workers lost jobs during COVID lockdown, 63% survived on two meals a day, shows data
Government needs to take action regarding job security, social security benefits, food security, health benefits, and safety in the informal sector in such a way that it not only manages the current crisis, but also immunises the sector from future shocks
The RBI, which mainly factors in retail inflation while arriving at key policy rates, has been mandated by the government to keep inflation at four percent
RBI cuts repo rate by 40 bps: It is unexpected like rain in summer; regulatory, monetary measures to boost economy, say experts
The Reserve Bank of India (RBI) on Friday slashed the benchmark lending rate by 40 basis points to mitigate the impact of COVID-19 crisis.
Reserve Bank Governor Shaktikanta Das on Friday extended the moratorium on payment of loans by another three months till August to provide much-needed relief to borrowers whose income has been hit due to the coronavirus crisis
RBI monetary policy: Central bank extends Rs 15,000-cr credit line to EXIM Bank to help revive sagging foreign trade
The Reserve Bank on Friday announced a Rs 15,000-crore line of credit to the Export-Import Bank of India, to help the sagging foreign trade
The Reserve Bank on India (RBI) on Friday said India''s gross domestic product (GDP) growth will be in negative territory in 2020-21 as the outbreak of coronavirus has disrupted economic activities
The Reserve Bank of India Governor Shaktikanta Das on Friday said the central bank reduced the repo rate by 40 bps to 4 percent to ease the financial stress caused by the Covid-19 pandemic
Coronavirus Outbreak: RBI slashes benchmark lending rate by 40 bps; extends moratorium on loans for another 3 months
In an off-cycle meeting of the Monetary Policy Committee (MPC), the decision was taken unanimously to cut repo to support growth.