Inflation: News
Onion prices soar to ₹80/kg in Delhi, Mumbai
Onion prices have skyrocketed in Delhi and Mumbai, going up to ₹80 per kilogram at wholesale markets.
India's services sector soars in October, hiring at 2-year high
India's services sector has shown remarkable growth in October, after a minor slowdown in September.
India's manufacturing activity rebounds from 9-month low in October
India's manufacturing sector has staged a remarkable comeback, with the Purchasing Managers's Index (PMI) climbing to 57.5 in October.
Gold prices surge amid global tensions, falling US treasury yields
Gold prices experienced a rise in the domestic futures market today, defying expectations and reversing a recent downward trend.
Government announces 3% DA hike for 1 crore employees, pensioners
The Union Cabinet, headed by Prime Minister Narendra Modi, has approved a 3% hike in the dearness allowance (DA) ahead of Diwali.
India's retail inflation rises sharply to 5.49%, surpasses RBI's target
India's retail inflation has spiked sharply, touching 5.49% on an annual basis in September. The key economic parameter now stands at a nine-month high.
Inflation: Food prices rise 9.5% year-on-year in September
India's Wholesale Price Index (WPI) based inflation has risen to 1.84% in September.
McDonald's emphasizing value offerings to help customers navigate rising inflation
McDonald's Corporation is preparing for a difficult 2025, as the company expects continued financial strain on its lower-income customers.
Will central government employees get DA hike before Diwali?
Central government employees across India are eagerly awaiting an announcement regarding a potential hike in Dearness Allowance (DA) and Dearness Relief (DR).
RBI maintains repo rate at 6.5% for 10th consecutive time
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has voted to keep the repo rate unchanged at 6.5% for the 10th consecutive time.
RBI Monetary Policy meeting tomorrow: Will interest rates be cut?
The Reserve Bank of India (RBI) is set to announce its much-anticipated bi-monthly monetary policy decision tomorrow.
IMF approves $7 billion loan to cash-strapped Pakistan
The International Monetary Fund (IMF) has approved a $7 billion loan for Pakistan, aiming to bolster the country's struggling economy.
India set for 7% growth in FY25 despite global challenges
Deloitte South Asia's CEO, Romal Shetty, has projected a promising economic outlook for India in the current fiscal year (FY).
How Fed's first rate cut in years affects global economy
The US Federal Reserve has declared a significant reduction in its principal lending rate, marking the first such move since the COVID-19 pandemic.
Bitcoin surges 2.5% as US Federal Reserve slashes interest rates
Bitcoin's value has experienced a significant increase following the US Federal Reserve's decision to cut borrowing rates.
Price hikes for essential commodities this festive season? Government's answer
The government has assured citizens that there will be no price hikes for essential commodities during the upcoming festive season.
Wholesale inflation in India cools down to 1.31% in August
India's wholesale inflation has dipped below 2% for the first time in four months. The decrease is attributed to a reduction in commodity and food prices.
JPMorgan CEO warns US of economic outcome worse than recession
Jamie Dimon, the CEO of JPMorgan Chase, has issued a warning about a potential economic scenario worse than a recession for the US.
Today's US jobs report could make or break global markets
The release of the August jobs report later today is poised to significantly impact the US economy.
What changes for you when central banks cut interest rates
Central banks worldwide are preparing for a significant shift in fiscal policy, with plans to reduce interest rates this fall.
Understanding inflation's role in insurance costs
Inflation is a term that often surfaces in financial discussions, affecting various sectors of the economy, including the insurance industry.
Understanding inflation in simple terms
Inflation is a term that often appears in news headlines and financial discussions.
India's wholesale inflation drops to 2% in July
India's wholesale inflation, measured using the Wholesale Price Index (WPI), has seen a significant decrease to 2.04% in July on an annual basis.
India's retail inflation cools to 3.5%, lowest in 5 years
India's retail inflation has experienced a significant decrease, reaching a near five-year low of 3.5% in July.
RBI keeps repo rate steady at 6.5%
The Reserve Bank of India (RBI) has announced its decision to maintain the repurchase rate (repo rate) at 6.5%.
Mohandas Pai advocates for middle-class tax relief ahead of Budget
Mohandas Pai, Chairman of Aarin Capital, has expressed concern over the growing discontent among India's middle class due to high taxation ahead of the Budget session.
One-third of Americans depend on 'side hustle' for living expenses
A recent poll conducted by YouGov and disclosed by financial advice site Bankrate reveals that one-third of American adults are resorting to second jobs, or "side hustles," to cover their bills and fund discretionary extras.
India's wholesale food inflation touches 20-month high in June
India's wholesale inflation in June soared to a 16-month high of 3.4%, a significant increase from May's 2.6%, according to government data released today.
India's retail inflation touches 5-month high of 5.1% this June
India's retail inflation rose to 5.08% in June, marking the first increase in five months, according to government data. This exceeds the previous month's 12-month low of 4.75%.
Centre considers doubling AB-PMJAY beneficiaries, insurance amounts in 3 years
The Indian government is contemplating a significant expansion of its flagship Ayushman Bharat health insurance scheme, AB-PMJAY, over the next three years.
Tax relief imperative? Why Budget 2024 needs standard deduction hike
India's Finance Minister Nirmala Sitharaman is anticipated to increase the standard deduction limit in the upcoming budget, potentially bringing good news to individuals earning salary and pension.
Finance Ministry considers raising standard deduction limit in income tax
The Finance Ministry, led by Nirmala Sitharaman, is contemplating an increase in the standard deduction limit for taxpayers under the new regime.
Fitch raises India's FY25 economic growth forecast to 7.2%
Fitch Ratings has revised its economic growth forecast for India in FY25 to 7.2%, up from the previous projection of 7% made in March.
Sensex predicted to hit 82,000 mark in 12 months
International credit rating agency Moody's has released a report, forecasting that the BSE Sensex will reach 82,000 within the next year, marking a 14% increase.
RBI holds repo rate steady at 6.5% for eighth time
The Reserve Bank of India's Monetary Policy Committee (MPC) has maintained the repo rate at 6.5% for the eighth consecutive time.
India's service sector growth hits five-month low in May
India's service sector growth slowed to a five-month low in May, as indicated by the final HSBC India Services purchasing managers' index (PMI) compiled by S&P Global.
RBI's interest rate cut expectations pushed back to late 2024
A recent survey conducted by Bloomberg indicates that the Reserve Bank of India (RBI) may postpone its planned interest rate cut until the last quarter of 2024.
Moody's Analytics forecasts 6.1% GDP growth for India in 2024
Moody's Analytics has predicted a 6.1% growth rate for India's economy in 2024, indicating a slowdown from the previous year's expansion of 7.7%.
Why gold and silver are trading at record high prices
Gold and silver prices soared to unprecedented levels on Friday, driven by strong US inflation data and rumors of a potential rate cut by the US Federal Reserve.
Natural disaster-related insured damages predicted to double in a decade
A study by the Swiss Re Institute forecasts a significant surge in insured damages from natural disasters, with an expected doubling over the next decade.