Inflation: News

2nd coronation of King Charles, Camilla despite UK's cost-of-living crisis 

King Charles III and his wife, Queen Consort Camilla, are reportedly set for a second coronation in a Scottish ceremony in July.

All commodities likely to become cheaper in 2023: Finance Ministry

The prices of all commodities, except precious metals, are expected to see a drop in 2023, the Finance Ministry said in the April edition of its Monthly Economic Review.

OPEC+ cuts oil output: Know its impact on India

A surprise cut in oil output by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, or OPEC+, has sent the global market into a frenzy.

Average salary increments may drop to 9.1% in 2023: Study

Average salary increments in India are expected to drop to 9.1% in 2023 from 9.4% in 2022 across almost all sectors, according to the debut edition of Deloitte India Talent Outlook 2023 released on Wednesday.

RBI may pause interest hikes, keep 6.5% terminal repo rate

The Reserve Bank of India (RBI) is likely to pause interest rate hikes in the next Monetary Policy Committee (MPC) meeting in April, said State Bank of India (SBI) Research, per ANI.

US hikes rates for 9th consecutive time: Fight or flight 

The ongoing banking crisis has failed to influence the US Federal Reserve. In an unsurprising move, the Fed hiked interest rates by 25 basis points in an aggressive push to tame high inflation.

Balaji Srinivasan says Bitcoin to hit $1mn soon: Here's why

Balaji Srinivasan, entrepreneur and former CTO of Coinbase, has made a bold prediction that might be music to the ears of crypto investors.

Pakistan: Inflation reaches 31.6%, breaks 58-year record 

Pakistan's monthly inflation rose to a historic high of 31.6% in February, the Pakistan Bureau of Statistics (PBS) said.

Moody's is bullish on India's growth despite the declining GDP

Despite a slowdown in GDP growth in the third quarter of FY23, Moody's Investor Service has upped India's economic growth estimate for 2023.

Heatwave to sweep India as February records highest-ever temperature

After February witnessed its highest-ever maximum temperature in 122 years at 29.54 degrees Celsius, the India Meteorological Department (IMD) has predicted a heatwave between March and May.

Function as country; tax rich, subsidize poor: IMF tells Pakistan

The International Monetary Fund (IMF) has advised Pakistan that if it wants to function as a country, it must tax the rich and the high earners while ensuring that only the poor receive subsidies.

Pakistan already bankrupt, IMF bailout won't help: Defence Minister Asif

Pakistan has already gone bankrupt, the country's Defence Minister Khawaja Asif said while addressing an event in Sialkot on Saturday amid a massive cash crunch and decades-high runaway inflation.

Turkey-Syria earthquake: Over 46,000 dead, rescue operations likely to end

The series of devastating earthquakes, which jolted Turkey and Syria since February 6, has reportedly left more than 46,000 people dead.

Pakistan fuel price hits record high; Petrol at Rs. 280/liter

Pakistan announced a record increase in fuel prices on Wednesday, triggering a shock for its already overburdened citizens.

Pakistan price shock: Milk crosses PKR 210/liter, chicken PKR 700/kg

Amid Pakistan's economic crisis, the steep increase in the prices of essential food items following an unchecked price hike for daily-use items, particularly milk and chicken, has shocked its citizens.

#NewsBytesExplainer: How does repo rate affect the common man

The Reserve Bank of India (RBI) has hiked India's repo rate for the sixth time since May 2022. Have you ever wondered why it becomes big news when the RBI hikes or lowers the repo rate?

RBI hikes repo rate by 25 basis points to 6.5%

The Reserve Bank of India (RBI) Governor Shaktikanta Das announced on Wednesday that the country's repo rate has been raised by 25 basis points to 6.5%.

Pakistan hikes petrol, diesel prices by PKR 35/liter amid crisis

Pakistan announced a whopping PKR 35/liter price hike on petrol and diesel on Sunday, Reuters reported.

Budget session of Parliament from January 31 to April 6

The Budget Session 2023 of Parliament will commence on January 31 and continue till April 6, Union Minister for Parliamentary Affairs Prahlad Joshi informed on Friday.

World economy will face recession in 2023, warns CEBR

Those recession fears we have been harboring for a while might become true. According to the Centre for Economics and Business Research (CEBR), the world is walking into a recession in 2023.

Union Budget 2023: Finance Minister Nirmala Sitharaman begins pre-budget talks

Union Finance Minister Nirmala Sitharaman on Monday, as part of pre-Budget 2023-24 consultations, virtually held discussions with experts and industry leaders in infrastructure and climate change areas.

Goldman Sachs lowers India's GDP forecast for 2023 to 5.9%

Wholesale price-based inflation eases to 8.39%, lowest since March 2021

Wholesale price index (WPI), which determines the price of products at the wholesale stage, eased in October, as per the government data shared on Monday.

Indians spend big despite economic slowdown and inflation worries

It's economic gloom all around the world but in India. It seems that Indian consumers are unaffected by global economic slowdown or inflation.

Monetary policy: RBI hikes repo rate by 50bps to 5.9%

The Reserve Bank of India (RBI) hiked the repo rate by 50 basis points (bps) to 5.9% on Friday, Governor Shaktikanta Das announced.

Hero MotoCorp's entire Indian portfolio becomes costlier: What's the reason?

Hero MotoCorp has increased the prices of all scooters and motorcycles in its Indian portfolio by up to Rs. 1,000. This happens to be the fifth price revision by the brand in a span of one year.

RBI hikes repo rate by 50bps, GDP pegged at 7.2%

The Reserve Bank of India (RBI) has decided to hike the repo rate by 50 basis points (bps) to 5.40% on Friday, Governor Shaktikanta Das announced.

Control inflation, reduce prices but without hurting farmers: RSS

Rashtriya Swayamsevak Sangh (RSS) general secretary Dattatreya Hosabale, on Friday, called for the government to reduce inflation and lower prices, but with the interest of farmers in mind.

Snap slashes its Q2 outlook; shares tumble 30%

An internal memo from Evan Spiegel, the CEO of Snap Inc., to his employees has sent the company's shares spiraling downward.

How Tiger Global lost $17 billion in tech investments

New York-based Tiger Global, one of the world's biggest hedge funds, has been hit by losses of around $17 billion this year caused by the large-scale sell-off of technology stocks since last week.

RBI keeps key interest rates unchanged for 11th consecutive time

The Reserve Bank of India on Friday kept the benchmark repo rate unchanged at 4% for the 11th time in a row.

Fuel prices hiked again; petrol tops Rs. 100/liter in Delhi

Petrol and diesel prices have once again been hiked by 80 paise and 70 paise per liter, respectively, on Tuesday.

Petrol, diesel prices hiked again for second consecutive day

Petrol and diesel prices were hiked again by 80 paise per liter for the second consecutive day on Wednesday.

Amul milk prices hiked by Rs. 2/liter from tomorrow

The Gujarat Cooperative Milk Marketing Federation (GCMMF) has hiked Amul milk prices by Rs. 2 per liter in India effective Tuesday.

Commercial LPG prices hiked by Rs. 100; check latest rates

The price of liquefied petroleum gas (LPG) cylinders for commercial usage was hiked again on Wednesday.

Retail inflation recorded at 7.35% in December, highest in 5-years

India's retail inflation stood at 7.35% in December last year mainly due to the rise in vegetable prices, data released by the Ministry of Statistics & Programme Implementation (MoSPI) revealed on Monday.

#NewsBytesSurvey: Youth happy with Modi, 70% think he would win

With general elections officially beginning last week, the eyes of the world are set on India.