Inflation
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Retail inflation inches up to 7% in August on costlier food items
Business | Sep 13, 2022, 12:39 AM ISTInflation: According to the data, inflation in food basket was 7.62 per cent in August, up from 6.69 per cent in July and 3.11 per cent in August 2021.
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European Central Bank makes largest-ever interest rate hike
Business | Sep 08, 2022, 07:05 PM ISTECB followed the US Federal Reserve and other central banks in a global stampede of rapid rate hikes meant to snuff out record inflation that is squeezing consumers and pushing Europe toward recession.
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Finance ministry to kick-start budgetary exercise from October 10
Business | Sep 08, 2022, 03:10 PM ISTThe budget for the next year will be addressing critical issues of high inflation, job creation, boosting demand, and putting the economy on a sustained 8 percent-plus growth path.
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RBI needs to be more synchronised to handle inflation: FM Sitharaman
Business | Sep 08, 2022, 12:46 PM ISTInflation management cannot be singularly left to the monetary policy, which has proved totally ineffective in many countries, Sitharaman said.
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Inflation no longer red-lettered; job creation, growth remain priorities: Sitharaman
Business | Sep 07, 2022, 08:24 PM ISTSithraman on inflation: Retail inflation touched a high of 7.79 per cent in April this year since then it is on a downward trajectory. According to official data, retail inflation softened to 6.71 per cent in July due to moderation in food prices but remained above the Reserve Bank's comfort level.
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Benchmark indices fall in early trade amid weak global markets
Market | Sep 07, 2022, 10:39 AM ISTFrom the Sensex pack, IndusInd Bank, Bharti Airtel, HCL Technologies, Axis Bank, Tech Mahindra, Kotak Mahindra Bank, HDFC, Infosys, HDFC Bank, and Reliance Industries were major laggards in early trade.
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IMF provisionally agrees on USD 2.9 billion loan for crisis-hit Sri Lanka
World | Sep 01, 2022, 12:59 PM ISTIMF staff and the Sri Lankan authorities have reached a staff-level agreement to support Sri Lanka’s economic policies with a 48-month arrangement under the Extended Fund Facility (EFF) of about 2.9 billion US dollars.
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Escalation of geopolitical tensions biggest risk to India's growth outlook: Jayanth Varma
Business | Aug 24, 2022, 04:18 PM ISTVarma, in an interview to PTI, said that inflation and inflationary expectations appear to be moderating and high inflation will certainly not become the 'norm' in the country.
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Kejriwal attacks Centre over inflation, unemployment
India | Aug 22, 2022, 12:20 PM ISTDelhi Chief Minister Arvind Kejriwal on Monday attacked the Centre over a host of issues, including inflation and unemployment, and wondered how will the nation progress like this.
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US inflation will likely stay high even as gas prices fall
World | Aug 11, 2022, 10:07 AM ISTDue largely to falling gas prices, the government’s inflation report for July, to be released Wednesday morning, is expected to show that prices jumped 8.7% from a year earlier.
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RBI likely to hike policy rates tomorrow to check inflation
Business | Aug 04, 2022, 11:32 PM ISTRBI rate hike: The Reserve Bank of India's rate-setting panel -- the Monetary Policy Committee -- is meeting to deliberate on the prevailing economic situation and announce its bi-monthly review on Friday.
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Walmart lays off 200 corporate employees amid rising inflation
Business | Aug 04, 2022, 02:30 PM ISTWalmart news: The news of layoffs at Walmart came as after the company recently slashed its profit outlook due to inflation.
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No question of India getting into recession: Nirmala Sitharaman in Lok Sabha | 10 points
India | Aug 02, 2022, 12:20 AM ISTNirmala Sitharaman on inflation: No question of India getting into stagflation or recession as macroeconomic fundamentals of the economy are strong, Sitharaman said while replying to the opposition's statements that India will also be in a condition being faced by Sri Lanka, Pakistan.
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ICICI Bank raises lending rate by 15 bps
Business | Aug 01, 2022, 02:59 PM ISTThe rate hike comes ahead of the RBI's Monetary Policy Committee (MPC) meeting later this week. It is widely expected that the MPC would hike interest rates to tame high inflation.
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RBI likely to raise key policy rate by 25-35 bps to check inflation: Experts
Business | Jul 31, 2022, 02:01 PM ISTThe Reserve Bank's rate-setting panel -- Monetary Policy Committee -- will meet on August 3 for three days to deliberate on the prevailing economic situation and announce its bi-monthly review on Friday.
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Inflation hits record 8.9% in 19 countries using the euro
Business | Jul 29, 2022, 03:00 PM ISTAnnual inflation in the eurozone’s 19 countries rose to 8.9% in July, an increase from 8.6% in June, according to the latest numbers published Friday by the European Union statistics agency.
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Rahul targets PM Modi on issue of price rise, calls him 'King' who arrested MPs for asking questions
India | Jul 27, 2022, 02:42 PM ISTRahul Gandhi slams PM: Twenty Rajya Sabha MPs have been suspended from the House for the rest of the week after they continued to disrupt proceedings to press for an immediate discussion on price rise and levy of GST on essential items.
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'Petrol prices hiked 78 times, diesel 76 times': Raghav Chadha takes on Centre outside Parliament
India | Jul 25, 2022, 11:28 PM ISTRaghav Chadha, the Rajya Sabha MP also alleged that the voices of the Opposition are being suppressed in the Parliament.
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RSS weighs in on rising prices, says inflation needs to be given a serious thought
India | Jul 24, 2022, 12:14 PM ISTNoting that Indian agricultural practices have been always ahead of the time, Dattatreya Hosabale, said students of agriculture must also learn about India's ancient knowledge systems that had the best traditional farming practices.
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Monsoon Session: LPG, price rise, unemployment top priority on Congress strategy to counter Centre
India | Jul 14, 2022, 01:18 PM ISTMonsoon Session: Among other issues to be raised include unemployment, besides the falling value of the Rupee and the economic situation in the country. The party will seek a discussion in Parliament on the Chinese transgressions along the border in