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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 >
Lucknow, Jun 6 (PTI) The Allahabad High Court on Friday ordered a stay on any coercive action, including demolition, against more than two dozen madrasas in Shravasti district of Uttar Pradesh. The Lucknow bench passed the interim order on petitions filed by Madrasa Moinul Islam Qasmiya Samiti and 26 other individual madrasas, all in Shravasti district. Also Read | Indus Waters Treaty Suspension: Desperate Pakistan Wrote 4 Letters to India, Pleading Reinstatement of IWT, Say Sources. Justice ...Read More >
New Delhi: Nomura lowered India's inflation forecast to 3.3% in FY26 from 3.9% earlier and said cooling inflation will create more space for monetary policy easing. A strong winter crop harvest, decline in pulse prices due to higher supply, lower agricultural input costs and potentially favourable monsoons should lower food inflation, it said. Meanwhile, a negative output gap, lower manufacturing input costs and moderating wage growth are likely to keep core inflation capped, it added. The Res ...Read More >
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