Following retail inflation spike in October, the Reserve Bank of India's (RBI's) state of the economy report warned that rising prices, if unchecked, would undermine prospects of the real economy while cautioning on the spillover effect of rising food prices on headline and said uptick in core inflation is a 'worry'.
The RBI Bulletin for November sounded optimistic on growth and said private consumption was back to being the driver of domestic demand and promising rabi crop prospects augured well for farm income and rural demand.
The October inflation figure—at 6.21 per cent—remained above the RBI's tolerance zone. Termed a "sticker shock" by the report, it reinforced the central bank's warnings against complacency following sub-target inflation outcomes in July and August.
"What is worrying is that apart from the sharp surge in the momentum of food prices, core inflation has edged up," the report, authored by RBI staffers, including Deputy Governor Michael Debabrata Patra, said.
هذه القصة مأخوذة من طبعة November 21, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 21, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Pope urges 'all people of all nations' to silence arms
Pope Francis in his traditional Christmas message Wednesday urged \"all people of all nations\" to find courage during this Holy Year \"to silence the sounds of arms and overcome divisions\" plaguing the world, from the Middle East to Ukraine, Africa to Asia.
Women in auto sector grapple with low wages, surging finger injuries
The severity of injuries among women in India's auto sector has been rising steadily from 2019 to 2024, according to the latest report by the Safe in India Foundation (SIIF), released last Friday.
Regular staffers in CPSEs decline 3.14% in FY24
Share of contract workers rises 8.8% to 704,565 in the same period
AI to D2M—DPG 2.0 needs deep-tech action now
From artificial intelligence to direct-to-mobile broadcasting, India faces a technology strategy dilemma on whether to develop indigenous deep-tech ecosystems or to follow the lead on technologies developed outside India.
SURETY VS GUARANTEE
Surety bonds have begun to outshine bank guarantees. But did they come in too late?
10 Picks Tailored for 2025 Market Terrain
These stocks, handpicked by top brokerages, offer a blend of value and growth. After declining 13-37% from their 52-week highs, these scrips boast reasonable valuations and high return on equity, signalling strong upside potential. KRISHNA KANT outlines the blueprint for gains
Shah, Naidu, other NDA leaders meet at Nadda's residence
Leaders of the National Democratic Alliance (NDA) met at BJP president J P Nadda's Delhi residence on Wednesday on the birth centenary of former prime minister Atal Bihari Vajpayee.
PM Recalls Ambedkar's Vision, Slams Congress
Prime Minister Narendra Modi on Wednesday accused Congress of ignoring Dr B.R. Ambedkar's contribution to the development of water resources in the country as he laid the foundation stone of the Ken-Betwa river linking project in Madhya Pradesh.
AAP Schemes Disowned by Delhi Govt's Own Depts
After the Bharatiya Janata Party (BJP) and the Congress termed two of the Aam Aadmi Party (AAP)'s recently announced welfare schemes a hoax, two senior Delhi government officers issued public notices on Wednesday disowning these schemes.
Lock in long-term returns with non-par plans
With markets doing well for four years, many investors turned to unit-linked insurance plans (Ulips). However, with volatility increasing, traditional non-participating (non-par) insurance plans are gaining popularity for their guaranteed, tax-free returns.
