Inflation
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Family members of THIS country unable to perform last rites as funeral costs jump to Rs 30 lakh
World | May 19, 2024, 11:34 AM ISTIn Canada, there's a significant difference in cemetery plot prices depending on the location. In midtown Toronto, an adult single grave can cost a hefty $34,000, much higher than the average price of $2,800 offered by the Mount Pleasant Group.
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Retail inflation declines to 4.83 per cent in April, kitchen item prices play a role
Business | May 13, 2024, 07:32 PM ISTWhile formulating its bi-monthly monetary policy, the RBI considers consumer inflation. It notes that uncertainties surrounding food prices continue to exert influence on the inflation trajectory in the foreseeable future.
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Gold price rises on Akshaya Tritiya in India: Check gold rates in your city on May 10
Personal Finance | May 10, 2024, 04:19 PM ISTGold rates in India saw a slight increase on Friday, coinciding with the celebration of Akshaya Tritiya. In Delhi, 10 grams of 24-carat gold was priced at Rs. 73,240 today, while on the Multi Commodity Exchange (MCX), gold contracts for June delivery traded higher by Rs 93 at Rs 73,090 per 10 grams.
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Heatwave threatens to burn a hole in your pocket: Rising temperatures may result in high inflation
Business | May 02, 2024, 05:09 PM ISTEconomists question whether this signifies a new volatile phase in the fight against inflation, with the IMD offering no respite from the blistering temperatures. Aside from health concerns, experts highlight the threat to agricultural output, potentially worsening inflationary pressures.
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Dollar hits fresh 34-year high against Yen amid US inflation surge
Business | Apr 29, 2024, 03:05 PM ISTDespite the potential for intervention, analysts remain doubtful about its effectiveness. Tapas Strickland from the National Australia Bank highlighted that macroeconomic fundamentals do not currently support a significant shift towards a hawkish monetary stance.
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Whirlpool implements 1,000 job cuts amidst stagnant US appliance demand
Business | Apr 25, 2024, 09:30 AM ISTWhirlpool, the parent company of household appliance brands Maytag and Amana, is initiating a workforce reduction of approximately 1,000 salaried positions globally due to sluggish demand in the US home appliance market.
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RBI April's Bulletin claims extreme weather may pose risk to inflation across country
Business | Apr 23, 2024, 07:28 PM ISTThe Reserve Bank, which mainly factors in CPI while arriving at its bi-monthly monetary policy, has kept the key interest rate unchanged at 6.5 per cent since February 2023, citing concerns on the inflation front.
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'PM talks about religion during elections, people make mistake and vote,' says Priyanka Gandhi Vadra
India | Apr 21, 2024, 09:29 PM ISTPriyanka Gandhi Vadra in an exclusive conversation with India TV targeted the BJP-led government at the Centre saying it doesn't talk about jobs, price rise and tries to divert attention by talking about religion during elections.
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India's retail inflation eases to 5-month low of 4.85 per cent in March
Business | Apr 12, 2024, 07:21 PM ISTIndia's retail inflation eases to 5-month low of 4.85 per cent in March. The central bank has projected retail inflation at 4.5 per cent for the current fiscal assuming a normal monsoon.
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'Prices change faster than dates': Pakistanis dismayed by soaring prices ahead of Ramadan I VIDEO
World | Apr 07, 2024, 01:19 PM ISTPakistan has been reeling under massive economic woes, with the inflation rate hitting a peak of 38 per cent. This has affected the shopping for Ramadan, where people complain of difficulties in purchasing even simple clothes for their kids.
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US Federal Reserve indicates three interest rate cuts in 2024 | How it impacted Indian stock market?
Business | Mar 21, 2024, 01:03 PM ISTThe projections shared by the US Federal Reserve indicated the continuation of strong economic growth despite inflation remaining 'inflated'. This step caused global stocks to rally on Thursday, while the Indian rupee showed gains of 14 paise in the morning.
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IMF reaches agreement with Pakistan on releasing last tranche of $3 billion bailout package
World | Mar 20, 2024, 01:12 PM ISTDespite Pakistan showing improvement in some areas, the IMF predicted that the country's economic growth remains modest and inflation was above target. The IMF Executive Board had approved the $3 billion Stand-By Arrangement (SBA) for the cash-strapped Pakistan last year.
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Biden says US has lowest inflation rate of 'any country in America' in latest gaffe | WATCH
World | Mar 14, 2024, 11:08 AM ISTThe 81-year-old president has raised concerns after a series of verbal mixups, at times confusing the names of world leaders during his tenure at the White House. Recently, a damaging special counsel report claimed he had forgotten when his son Beau died of cancer.
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Pakistan: Ishaq Dar becomes Foreign Minister as Shehbaz Sharif's 19-member Cabinet sworn in
World | Mar 12, 2024, 12:33 PM ISTA Kashmiri-origin chartered accountant, Ishaq Dar has served as Pakistan's Finance Minister four times, the latest under Shehbaz Sharif till 2023. He has the critical task of mending bilateral relations with neighbours India and Afghanistan, which are now at their lowest.
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Wholesale price inflation declines to 0.27 per cent in January
Business | Feb 14, 2024, 12:42 PM ISTFood inflation fell to 6.85 per cent in January, down from 9.38 per cent in December 2023, while inflation in vegetables decreased to 19.71 per cent.
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RBI keeps repo rate unchanged at 6.50 per cent for sixth time in a row
Business | Feb 08, 2024, 12:21 PM ISTThe monetary policy committe led by Shaktikanta Das has kept the repo rates unchanged at 6.50 per cent.
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RBI Monetary Policy Meeting: Will Shaktikanta Das-led MPC keep repo rate stance unchanged?
Business | Feb 08, 2024, 07:21 AM ISTThe RBI has kept the repo rate steady at 6.50 per cent over the past year, last raising it in February 2023 from 6.25 per cent.
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Budget 2024: Average real income 50 per cent higher, inflation moderated, says Nirmala Sitharaman
Business | Feb 01, 2024, 01:05 PM ISTThe finance minister attributed the moderated inflation levels to good macroeconomic stability and robust investments.
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Inflation moderating, moving towards 4 per cent target: RBI Governor Shaktikanta Das
Business | Jan 17, 2024, 06:28 PM ISTSpeaking at the World Economic Forum annual meeting in Davos, the governor expressed confidence in the effectiveness of monetary policy, stating that core inflation has been steadily decreasing.
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Budget 2024: Key terms you should know before the announcement
Budget | Feb 01, 2024, 10:27 AM ISTUnion Budget 2024: The budget is expected to include various financial indicators, including inflation, fiscal deficits, capital expenditures, revenue receipts, bad loans, and more.