Tag Archives: rbi rates

Octoberfest: Manufacturing gathers steam; exports up 42.3% & GST mopup rises 24%

India’s merchandise exports increased for the eleventh consecutive month in October, growing 42.33% on year to $35.47 billion, led by engineering goods, petroleum products and gems and jewellery. Government data released on Monday also showed a 62.48% rise in imports … Continue reading

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Retail inflation for industrial workers eases to 4.41 pc in September

New Delhi, Retail inflation for industrial workers eases to 4.41 per cent in September mainly due to lower prices of certain food items. “Year-on-year inflation for the month (September) stood at 4.41 per cent compared to 4.79 per cent for … Continue reading

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Most sectors of economy on way to reach pre-pandemic levels, surpass them: NCAER

Painting a rosy picture of the economy, New Delhi-based think tank NCAER on Thursday said that most of the sectors are on their way to reach pre-pandemic levels and surpass them. “The economic news has been favourable on balance, on … Continue reading

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Retail inflation for farm, rural workers eases to 2.89 pc, 3.16 pc in September

Retail inflation for farm workers and rural labourers eased to 2.89 per cent and 3.16 per cent, respectively, in September, mainly due to lower prices of certain food items. “Point-to-point rate of inflation based on the CPI-AL (Consumer Price Index-Agricultural … Continue reading

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Power outages risk to growth, add to retail inflation: Nomura

Nomura, on Monday, cautioned if power outages become more widespread, then industrial output could suffer in the near term, while higher energy costs may squeeze firms’ margins and add to consumer price inflation. In its weekly report, it said that … Continue reading

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IMF revising India’s growth forecast is ‘gross under estimation’: N K Singh

N K Singh, Chairman of the 15th Finance Commission, on Tuesday said the IMF’s decision to revise India’s potential growth forecast downwards to 6 per cent citing the coronavirus pandemic is a “gross under estimation” and observed that calculations of … Continue reading

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A matchbox to cost Rs 2 from Dec 1, price revision after 14 years

The price of a matchbox is set to double — from Re 1 to Rs 2 — from December 1 because of an increase in the cost of raw materials used. Representatives of five major matchbox industry bodies met at … Continue reading

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Higher fuel and food prices dampen festive spirit for Indians

Spiralling fuel prices, untimely rains and costlier kitchen staples like onion, potato and tomato are making it a tough festive season for Indian households. Prices of rice, both basmati and non-basmati, have also gone up. In some cities, tomato costs … Continue reading

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Deepening energy crisis raises inflation alarm as RBI meets

Higher oil prices and coal shortages risk fanning inflation and slowing economic growth in India ahead of a central bank meeting, while punishing the nation’s currency and bonds. A lack of coal means factories could shut, while forcing India to … Continue reading

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Economy coming out of the shadow of the pandemic: RBI paper

The Indian economy is picking up leaving behind the shadow of the pandemic as consumer demand improves and supply constraints ease due to strong kharif agricultural production and revival in manufacturing and services. Also softer food prices are aligning headline … Continue reading

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