Inflators

  • Indian economy warms in after-glow of Narendra Modi's triumph Yesterday

    New Delhi: The after-glow of Narendra Modi's election victory nearly four months ago is expected to have helped India's lumbering economy register its fastest growth in more than two years for the quarter ending in June. India's new prime minister has promised to make it easier to do business through speedier...
  • Centre cuts minimum export price of onion to USD 350 per tonne August 20, 2014

    New Delhi: The government on Wednesday reduced the minimum export price (MEP) of onion to USD 350 per tonne following improvement in domestic supply situation and softening of prices. In June this year, the MEP on onion was re-introduced at USD 300 per tonne which was further raised to USD 500...
  • Low growth, high inflation not acceptable: Arun Jaitley August 16, 2014

    Mumbai: Finance Minister Arun Jaitley on Saturday said the current situation of high inflation and low growth has to be reversed to achieve sustainable GDP expansion along with improvement in price situation. "If inflation is high then you begin at a point where growth is low. We need to change this...
  • Inflation at 5 month low of 5.19 per cent in July August 14, 2014

    New Delhi: Inflation dipped to a five month low of 5.19 per cent in July mainly on account of decline in prices of some food articles, vegetables and protein rich items. It was at 5.43 per cent last month and 5.84 per cent in July 2013. Inflation in the overall food articles...
  • July retail inflation accelerates to 7.96 per cent August 12, 2014

    New Delhi: Consumer price inflation accelerated to a two-month high of 7.96 per cent in July, driven up by surging prices for vegetables, fruit and milk, government data showed on Tuesday. A Reuters poll had forecast the consumer price inflation rate would edge up to 7.4 percent from 7.31 percent in...
  • RBI's tough inflation stance risks stand-off with Modi government August 9, 2014

    Mumbai/New Delhi: Reserve Bank of India (RBI) Governor Raghuram Rajan has set himself a target of lowering consumer inflation and is even ready to raise rates to achieve it, risking friction with the new government if he is seen as overstepping. Rajan, well known within the RBI for pragmatism, now must...
  • Narendra Modi sticks to failed recipe in India's food inflation fight August 8, 2014

    New Delhi: It's been more than a month since Nirmala bought fresh tomatoes. A fourfold rise in prices since early June has made the essential ingredient in Indian curries and sauces a luxury she can no longer afford. "Buying tomatoes feels like buying jewellery," says the 29-year-old maid, who is struggling...
  • RBI to unveil credit policy review, interest rate may remain unchanged August 5, 2014

    The Reserve Bank of India will come out with its credit policy review on Tuesday. It is likely to maintain status quo on interest rate in its bi-monthly monetary policy review. The central bank may prepare ground for an easier rate regime by introducing some liquidity enhancing measures. In spite...
  • Tomato prices skyrocket, reach Rs 80 per kg in Delhi July 23, 2014

    New Delhi: With prices sky rocketing, tomato dishes may not be the menu in many household across the country. The soaring price of tomato is the biggest concern of the common people across India. In the national capital, tomato prices have gone up from Rs 60 per kg to Rs 80...
  • Higher weight of food items causing high retail inflation: Government July 20, 2014

    New Delhi: A higher weight of food items in the consumer price index has kept retail inflation at elevated levels in the country, according to official data. The high inflation in India owes to "higher weight for the food basket (about 50 per cent)" as against 14 per cent and 32...
  • India @ 9 with Bhupendra Chaubey July 16, 2014

    Catch the day's top stories with Bhupendra Chaubey on India @ 9. ...
  • After onions, tomatoes prices shoot up in metros July 16, 2014

    New Delhi: Inflation is showing no sign of letting up as tomato prices have shot up in the metros. Deficient rains across the country have led to a fall in production which has squeezed supplies to cities. Tomato prices have touched a high of Rs 60 in many parts of Delhi,...
  • Vegetable prices will come down soon as Met has predicted more rains: Agriculture Minister July 16, 2014

    As food inflation hits consumers, Agriculture Minister Radha Mohan has said that prices will decrease after more rainfall later this month. "This government is more active than previous government over prices of vegetables. The Met department is of the view that rain will be good in July, so prices will...
  • Common man faces the brunt of high vegetable prices July 16, 2014

    After onions, now it is tomato prices which have shot up in major cities. In the capital, tomato prices have gone from Rs 35 per kg last week to Rs 50 per kg this week. It has doubled from Rs 20 to Rs 40-50 per kg in Hyderabad. ...
  • After onions, tomato prices shoot up in major cities July 16, 2014

    New Delhi: Price rise continues to plague the common man. After onions, now tomato prices have shot up in major cities. In the national capital, tomato prices have gone from Rs 35 per kg last week to Rs 50 rupees per kg this week. It has doubled from Rs 20 to...
  • Retail inflation falls to 30-month low of 7.31 per cent in June July 14, 2014

    New Delhi: Retail inflation fell to 30-month low of 7.31 per cent in June, mainly on account of lower prices of food items, including vegetables, cereals and meat. The retail inflation, measured on consumer price index (CPI), was 8.28 per cent in May. Its lowest was 7.65 per cent in January,...
  • June inflation at 5.43 pc vs 6.01 pc in May July 14, 2014

    The June WPI inflation came in lower-than-expected at 5.43 per cent versus 6.01 per cent in May. However, the April WPI data has been revised higher to 5.55 per cent (from 5.20 per cent) which resulted in market selling off the gains made from positive June WPI news. The core...
  • Modi's farm export curbs may ease India's June inflation July 14, 2014

    New Delhi: India's inflation probably eased marginally in June after the new government curbed farm exports, but a growing risk that drought will shrivel summer crops could encourage the Reserve Bank of India to keep interest rates on hold. Prime Minister Narendra Modi, elected in May amid anger over rising prices,...
  • Poor monsoon in India threatens first drought in five years July 11, 2014

    New Delhi: Weak rainfall in India since June when the monsoon season starts, crucial to the country's agricultural earnings, has raised concerns of a first drought in five years, although weather experts are hopeful rains will revive in the next week. A poor monsoon cuts exports, stokes food inflation and leads...
  • Government, RBI to devise modern monetary policy framework July 10, 2014

    New Delhi/Chennai: With prices staying at stubbornly high level, the government and the RBI on Thursday agreed to devise a modern monetary policy framework with clear inflation targeting. The tone for inflation targeting was set by Finance Minister Arun Jaitley in his budget speech when he stressed on a modern monetary...
  • NDA government's first Budget targets growth, jobs July 10, 2014

    New Delhi: Prime Minister Narendra Modi's new government unveiled what it called a budget for growth on Thursday and vowed to curb borrowing after the longest economic slowdown in a quarter of a century. Delivering his maiden budget, Finance Minister Arun Jaitley told Parliament that India's 1.2 billion people were "exasperated"...
  • Arun Jaitley set to present Modi government's maiden Budget today July 10, 2014

    New Delhi: The Narendra Modi government's maiden Budget will be presented in Parliament on Thursday by Finance Minister Arun Jaitley. With high expectations to meet, it remains to be seen whether the Budget will be a bitter pill for the common man in its bid to revive the economy. It is...
  • Congress holds protest in Jaipur over inflation July 9, 2014

    Rajasthan Congress on Tuesday held a protest in Jaipur, accusing BJP of "betraying" people by failing to take measures to curb inflation and not providing them relief after coming to power both at Centre and the state. Addressing party workers in a dharna outside the collectorate in Jaipur, PCC chief Sachin...
  • Too early to say if Modi won the heart of J&K people: Omar Abdullah July 9, 2014

    New Delhi: It is "too early" to say whether Prime Minister Narendra Modi has won the heart of the people of the state, Jammu and Kashmir Chief Minister Omar Abdullah said on Wednesday. After a meeting with Union Food Minister Ram Vilas Paswan, Omar was asked whether the Prime Minister was...
  • Congress holds protest over inflation, accuses BJP of betraying people July 9, 2014

    Rajasthan Congress on Wednesday held a protest in Jaipur, accusing BJP of "betraying" people by failing to take measures to curb inflation and not providing them relief after coming to power both at Centre and the state. Addressing party workers in a dharna outside the collectorate, PCC chief Sachin Pilot said that...
  • Rajasthan: Police lathicharge Congress workers protesting against price rise July 9, 2014

    Jaipur: The police on Wednesday used force on protesters during a protest over price rise led by Rajasthan Congress chief Sachin Pilot. Congress workers led by Pilot were trying to force their way inside the collectorate to give a memorandum to the collector. The police resorted to using force to...
  • Growth forecast for next fiscal between 5.4 to 5.9 per cent July 9, 2014

    Indian economy is likely to grow in the range of 5.4 to 5.9 per cent in 2014-15 overcoming the sub-5 per cent growth of Gross Domestic Product (GDP) witnessed over the last two years. The growth slowdown in the last two years was broad based, affecting in particular the industry...
  • Highlights of Economic Survey 2013-14 presented by Arun Jaitley July 9, 2014

    Finance Minister Arun Jaitley presented the Economic Survey 2013-14 in Parliament on Wednesday which reveals that while the economy has shown an improvement but it is still not out of the woods. Even as Gross Domestic Product (GDP) growth is expected to be well below the six per cent mark, inflation...
  • Jaitley presents Economic Survey, GDP growth below 6 pc, inflation down July 9, 2014

    New Delhi: India's grim economic situation was reflected in the Economic Survey 2013-14, presented in the Lok Sabha on Wednesday by the Union Finance Minister Arun Jaitley. While the Economic Survey noted that fiscal deficit for 2013-14 has been contained at 4.5 per cent of the Gross Domestic Product (GDP)...
  • India @ 9 with Bhupendra Chaubey July 7, 2014

    Catch the day's top stories with Bhupendra Chaubey on India @ 9. ...