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Mumbai: The Reserve Bank of India (RBI) on Wednesday projected the country's inflation rate based on the Consumer Price Index (CPI) for 2026-27 at 4.6 per cent as the near-term food supply prospects have been boosted by a robust Rabi crop which provides some comfort amid rising oil prices in the international market due to the Iran war. RBI Governor Sanjaya Malhotra said, "The pass-through of higher global energy prices has resulted in price increases in select fuels such as premium petrol and ...Read More >
Mumbai, Apr 8 (PTI) The Reserve Bank on Wednesday projected retail inflation for the current financial year at 4.6 per cent, well within the government-mandated inflation target range of 4 per cent with a tolerance band of +/- 2 per cent. Before the outbreak of the West Asia conflict, India's macroeconomic fundamentals exuded confidence with buoyant growth and low inflation. Conditions turned adverse in March with the widening of the conflict zone and its intensification. The consumer price in ...Read More >
New Delhi, April 7 (SocialNews.XYZ) India's headline CPI could rise to between 4.5 and 4.8 per cent from a base case of about 4 per cent, and RBI's April policy is likely to keep rate changes on hold in a cautious tone, a report said on Tuesday. The report from Yes Bank said GDP growth is expected to moderate to about 7 per cent with downside risks if the US-Iran war persists. "Growth has remained resilient so far, supported by domestic demand - both private consumption demand and government's ...Read More >
New Delhi, Apr 3 (PTI) A day after the AAP removed him as its deputy leader in Rajya Sabha, MP Raghav Chadha Friday said he has been "silenced, not defeated", prompting the party to launch an all-out attack, accusing him of shying away from raising his voice against Prime Minister Narendra Modi and the Centre in Parliament and instead engaging in "soft PR". As he appeared to be falling out of favour with the party's leadership, Chadha vowed to hit back like a devastating 'sailab' (flood) at an ...Read More >
Mumbai: After Aam Aadmi Party (AAP) MP Raghav Chadha made his first comments since being removed as his party's Rajya Sabha deputy leader, actor Disha Patani's sister Khushboo Patani came out in his support, praising him for raising important issues in Parliament and urging him to start his own political party. Raghav Chadha took to Instagram to share a video questioning his party's decision, stating that he has always championed issues faced by the common people. "I would like to tell those w ...Read More >
New Delhi, Apr 3 (PTI) A day after being removed as the AAP's deputy leader in the Rajya Sabha, MP Raghav Chadha said he has been "silenced, not defeated", prompting the party to accuse him of shying away from raising issues against the Centre in Parliament and instead engaging in "soft PR". In a video posted on X earlier in the day, Chadha said his own party had sought to prevent him from speaking in Parliament. "I would like to tell those who have snatched away my right to speak in Parliamen ...Read More >
New Delhi [India], April 3 (ANI): Aam Aadmi Party leader Anurag Dhanda hit back at AAP MP Raghav Chadha, following his remarks on removal as the party's deputy leader in Rajya Sabha. In an 'X' post, Dhanda stressed that Chadha has been "scared" from past few years and has hesitated to speak against PM Narendra Modi. The AAP leader stated that the party get little time to speak in Parliament, under which it can either save the nation or call out for "making samosas cheap at the airport." Dhand ...Read More >
New Delhi [India], April 3 (ANI): In a direct attack on the Aam Aadmi Party following his removal as the party's Deputy leader in the Rajya Sabha, AAP MP Raghav Chadha on Friday said his silence in Parliament should not be mistaken for defeat. In a post on X, Chadha questioned the reasons behind being prevented from speaking in Parliament. He said he consistently raises issues affecting the common people and asked whether doing so amounts to any wrongdoing. "Whenever I get a chance to speak in ...Read More >
Puri: Shortage of cooking gas in Puri has started affecting the Puri's tourism sector, with restaurants reducing items on the menu and increasing food prices by 30% to 40%. The situation has lead to a 10% to 20% decline in tourist arrivals, particularly among middle-class and budget travellers.Several food items requiring higher gas consumption have been removed from menus. While tourists from financially stronger backgrounds remain largely unaffected, the number of visitors from middle and lowe ...Read More >
New Delhi: India's food and beverage service industry, which is still recovering from losses from the COVID-19 lockdown era, is now facing another crisis: Rising commercial Liquefied Petroleum Gas (LPG) prices and supply disruptions that are affecting restaurant operations nationwide. Restaurants are also grappling with rising staff costs and are resorting to workforce reductions, downsizing menus or increasing prices to survive. The restaurant industry, which employs millions of people across ...Read More >
Gurdaspur, Punjab, India - Ramesh Kumar, 42, is anxiously doing the calculations for his crops this year. Standing at the edge of his wheat field in northwest Punjab's Gurdaspur, he runs through the numbers in his head, totting up fertiliser costs, expected yield, and market prices. Then he shifts to more personal concerns: School fees, household expenses, loan repayments and the money he has been saving for his daughter Varsha's wedding. "I don't know if we can afford it this year," he says. ...Read More >
New Delhi [India], April 2 (ANI): The heads of the International Energy Agency (IEA), International Monetary Fund (IMF), and World Bank Group have agreed to form a coordination group to maximize their institutions' response to the energy and economic impact of the war in the Middle East. According to a joint statement by the organizations, the decision followed an assessment of the significant disruptions currently affecting global markets. "The Middle East war has caused major disruptions to ...Read More >
Hyderabad: Eateries have increased menu rates after oil marketing companies increased the price of commercial LPG cylinders on Wednesday.The price of a 19-kg non-domestic LPG cylinder was increased by ₹214.50 in the Hyderabad market, taking it from ₹2,106.50 to ₹2,321. Domestic LPG cylinder prices remain unchanged. This is the second increase within a month. On March 7, the 19-kg commercial cylinder price was raised by ₹114, from ₹1,996.50 to ₹2,110.50. During the same period, the price of the d ...Read More >
Chennai, April 1 (SocialNews.XYZ) A sharp increase in commercial LPG cylinder prices has come into effect in Chennai from April 1, raising concerns among traders and consumers about a likely surge in food prices across the city. As part of the monthly price revision carried out by oil marketing companies, the cost of a 19-kg commercial LPG cylinder has been increased by Rs 203. The price has risen from Rs 2,043.50 to Rs 2,246.50, marking a significant jump that directly impacts businesses depen ...Read More >
New Delhi, March 31 (SocialNews.XYZ) The International Monetary Fund (IMF) has said the ongoing US-Israel and Iran war could shape the global economy in different ways -- all roads leading to higher prices and slower growth. The IMF said the war in the Middle East is upending lives and livelihoods in the region and beyond. "It is also dimming the outlook for many economies that had only just shown signs of a sustained recovery from previous crises. The shock is global, yet asymmetric. Energy i ...Read More >
Mumbai: India's economy is expected to grow above 7.5 per cent in real terms in FY27, supported by easing fiscal and monetary conditions, low inflation, and ongoing regulatory reforms, according to Axis Bank's India Economic Outlook 2026 report. "With fiscal and monetary headwinds receding, GDP growth has picked up in FY26. In FY27, the pace of fiscal consolidation should slow further (20bps), and lagged effects of monetary easing should become visible, pushing growth to 7.5 per cent (above tre ...Read More >
New Delhi: India's inflation is likely to stay low in FY27, supported by well-stocked granaries, low oil prices, and other long-term factors that keep core inflation under control. According to a new report by HSBC Global Investment Research, these factors will help maintain price stability in the coming months. HSBC noted that while it does not expect the Reserve Bank of India (RBI) to cut the repo rate further, there is a possibility of easing if economic growth slows down. November inflatio ...Read More >
New Delhi: Wholesale prices stayed in deflation territory for the second straight month at 0.3% in November, as food articles, mineral oils, crude petroleum and natural gas were cheaper compared with a year earlier, official data released on Monday showed. The Wholesale Price Index (WPI), however, gained marginally from October, when it fell 1.2% on year, because of a seasonal uptick in the prices of some food items. Retail inflation, meanwhile, accelerated marginally to 0.71% in November from ...Read More >
New Delhi: Retail inflation is expected to rise to around 1.5% in December as year-on-year inflation has likely bottomed out, driven by unfavourable base effects, a gradual unwinding of food deflation in the coming months and a fading disinflationary impact of goods and services tax (GST) cuts, according to Nomura. In FY26, inflation will average 1.9%, it said, slightly below the Reserve Bank of India's (RBI) estimate of 2%. Retail inflation edged up to 0.7% year-on-year in November from a reco ...Read More >
Mumbai, Dec 5 (PTI) Reserve Bank Governor Sanjay Malhotra on Friday said that the policy repo rate will continue to be "low" till the inflation remains benign. Speaking to reporters at the RBI headquarters after announcing a 25 basis points cut in the repo rate to 5.25 per cent, he declined to specify the level to which the repo rate can go to but added that the RBI's inflation estimates point to benign numbers. "Going forward, we expect benign inflation and so if the inflation continues to be ...Read More >
New Delhi, Oct 28 (SocialNews.XYZ) Indian Navy chief, Admiral Dinesh K. Tripathi, on Tuesday, emphasised the need for collective, cooperative and technology-driven approaches to ensure maritime security in an increasingly complex Indo-Pacific, as he inaugurated the 11th edition of the Indo-Pacific Regional Dialogue (IPRD) here. Welcoming over 30 international delegates, Admiral Tripathi said the Indo-Pacific's future "must be shaped together, through dialogue, cooperation and mutual trust". Th ...Read More >
New Delhi, Oct 28: Indian Navy chief, Admiral Dinesh K. Tripathi, on Tuesday, emphasised the need for collective, cooperative and technology-driven approaches to ensure maritime security in an increasingly complex Indo-Pacific, as he inaugurated the 11th edition of the Indo-Pacific Regional Dialogue (IPRD) here. Welcoming over 30 international delegates, Admiral Tripathi said the Indo-Pacific's future "must be shaped together, through dialogue, cooperation and mutual trust". This year's theme, ...Read More >
New Delhi, Oct 19: India's retail inflation is expected to decline further in October 2025, driven by a high base effect, delayed seasonality in food prices, and the full impact of recent GST reforms, according to a report by Union Bank of India. The report anticipates only a gradual pickup in price pressures in the months ahead. "Our projection for Oct CPI is tracking below 0.50 per cent as on date. Food inflation too is expected to fall sharply in Oct and continue to be in negative zone duri ...Read More >
New Delhi [India], October 19 (ANI): India's retail inflation is expected to decline further in October 2025, driven by a high base effect, delayed seasonality in food prices, and the full impact of recent GST reforms, according to a report by Union Bank of India. The report anticipates only a gradual pickup in price pressures in the months ahead. "Our projection for Oct CPI is tracking below 0.50 per cent as on date. Food inflation too is expected to fall sharply in Oct and continue to be in ...Read More >
New Delhi, Oct 1 (SocialNews.XYZ) Bankers on Wednesday welcomed the Reserve Bank of India's (RBI) decision to maintain the repo rate at 5.5 per cent with a neutral stance, saying the move reflects a balanced approach in supporting growth and ensuring price stability. A neutral stance requires neither stimulation nor curbs on liquidity as it strikes a fine balance between controlling inflation without hurting growth. According to Binod Kumar, MD and CEO of Indian Bank, the RBI MPC's stable poli ...Read More >
New Delhi: The Reserve Bank of India (RBI), on Wednesday, announced several measures to help exporters tide over challenges posed by the imposition of 50% tariffs by the US. These include reduced paperwork and compliance burden for small exporters and importers. "The export sector is a vital part of India's economy," RBI governor Sanjay Malhotra said while announcing steps to further strengthen the sector and enhance ease of doing business for traders. Extension of the time period for repatria ...Read More >
Mumbai (Maharashtra), October 1 (ANI): The Reserve Bank of India (RBI) on Wednesday revised its inflation target for the current financial year to 2.6 per cent, marking a significant moderation from earlier projections. In August policy as well, the inflation target was revised downwards to 3.1 per cent, down from 3.7 per cent projected in June. Announcing the decision, RBI Governor Sanjay Malhotra stated that the Monetary Policy Committee (MPC) observed that the overall inflation outlook has ...Read More >
MUMBAI, Oct 1 (Reuters) - The Reserve Bank of India (RBI) kept its key repo rate unchanged at 5.50% on Wednesday, in line with market expectations, as it evaluates the impact of earlier rate cuts and recent tax reductions amid global trade uncertainties. The central bank had cut the repo rate (INREPO=ECI), opens new tab by a total of 100 basis points in the first half of 2025, but paused at its previous meeting in August. The six-member rate-setting panel voted unanimously to keep the key repo ...Read More >
MUMBAI (Reuters) -The Reserve Bank of India (RBI) kept its key repo rate unchanged at 5.50% on Wednesday, in line with market expectations, as it evaluates the impact of earlier rate cuts and recent tax reductions amid global trade uncertainties. The central bank had cut the repo rate by a total of 100 basis points in the first half of 2025, but paused at its previous meeting in August. The six-member rate-setting panel voted unanimously to keep the key repo rate at 5.50% and decided to contin ...Read More >
The Asian Development Bank (ADB) on Tuesday lowered its growth forecast for the current financial year by 20 basis points (bps) to 6.5 per cent, citing steep tariff hikes by the US that are expected to come into effect in the second half of FY26, thus affecting exports and manufacturing growth. "India faces the steepest tariff hikes among developing Asian economies, prompting a downgrade in its growth outlook. For FY2025 [ending on 31 March of the next year], growth is now projected at 6.5 per ...Read More >
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